# EDGAR Filing Document

**Accession Number:** 0000866700
**File Stem:** 0001145549-23-002494
**Filing Date:** 2023-1
**Character Count:** 260360
**Document Hash:** 5739b3278a1a62cdcddd9c9e6edccc07
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002494.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001145549-23-002494

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Municipal Securities Income Trust
- **CENTRAL INDEX KEY:** 0000866700
- **IRS NUMBER:** 251695291
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06165
- **FILM NUMBER:** 23548011

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED MUNICIPAL SECURITIES INCOME TRUST
- **DATE OF NAME CHANGE:** 19991029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNICIPAL SECURITIES INCOME TRUST
- **DATE OF NAME CHANGE:** 19921023

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Federated Hermes Municipal High Yield Advantage Fund (Series ID: S000012747)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000034361 | Class A Shares       | FMOAX           |
| C000034362 | Class B Shares       | FMOBX           |
| C000034363 | Class C Shares       | FMNCX           |
| C000034364 | Class F Shares       | FHTFX           |
| C000130166 | Institutional Shares | FMYIX           |
| C000188346 | Class T Shares       |  |

## Nport-Ex

Federated Hermes Municipal High Yield Advantage Fund

Portfolio of Investments

November 30, 2022 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—98.1% |  |
|  | **Alabama—1.3%** |  |
| $500000<br><sup>1,2</sup> <br>| Huntsville, AL Special Care Facilities Financing Authority (Redstone Village), Retirement Facilities Revenue Bonds <br> (Series 2011A), (Original Issue Yield: 7.625%), 7.500%, 1/1/2047<br>| $317500 |
| &nbsp;&nbsp;&nbsp; 1500000<br><sup>1,2</sup> <br>| Huntsville, AL Special Care Facilities Financing Authority (Redstone Village), Retirement Facility Revenue Bonds <br> (Series 2007), (Original Issue Yield: 5.600%), 5.500%, 1/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 952500 |
| &nbsp;&nbsp;&nbsp; 2000000 | Jefferson County, AL Sewer System, Senior Lien Sewer Revenue Current Interest Warrants (Series 2013-A), (Original Issue <br> Yield: 5.650%), (Assured Guaranty Municipal Corp. INS), 5.500%, 10/1/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2066437 |
| &nbsp;&nbsp;&nbsp; 2000000 | Jefferson County, AL Sewer System, Senior Lien Sewer Revenue Current Interest Warrants (Series 2013A), (Original Issue <br> Yield: 5.450%), (Assured Guaranty Municipal Corp. INS), 5.250%, 10/1/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2061882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790000<br><sup>3</sup> <br>| Tuscaloosa County, AL IDA (Hunt Refining Co.), Gulf Opportunity Zone Refunding Bonds (Series 2019A), 5.250%, 5/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653659 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6051978 |
|  | **Alaska—0.0%** |  |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>1,2</sup> <br>| Alaska Industrial Development and Export Authority (Boys & Girls Home & Family Services, Inc.), Community Provider <br> Revenue Bonds (Series 2007C), 6.000%, 12/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600 |
|  | **Arizona—2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000<br><sup>3</sup> <br>| Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series 2017D), 5.000%, 7/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>3</sup> <br>| Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series 2017G), 5.000%, 7/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453500 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Arizona State IDA (Doral Academy of Nevada FMMR), Education Revenue Bonds (Series 2019A), 5.000%, 7/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889637 |
| &nbsp;&nbsp;&nbsp; 1750000<br><sup>3</sup> <br>| Arizona State IDA (Pinecrest Academy of Nevada), Horizon, Inspirada and St. Rose Campus Education Revenue Bonds <br> (Series 2018A), 5.750%, 7/15/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1761210 |
| &nbsp;&nbsp;&nbsp; 1000000 | Maricopa County, AZ, IDA (Commercial Metals Corp.), Exempt Facilities Revenue Bonds (Series 2022), <br> 4.000%, 10/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 796819 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 926657 |
| &nbsp;&nbsp;&nbsp; 1500000 | Phoenix, AZ IDA (GreatHearts Academies), Education Facility Revenue Bonds (Series 2014A), 5.000%, 7/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1505361 |
| &nbsp;&nbsp;&nbsp; 1000000 | Phoenix, AZ IDA (GreatHearts Academies), Education Facility Revenue Bonds (Series 2016A), 5.000%, 7/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1003607 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Pima County, AZ Industrial Development Authority (La Posada at Pusch Ridge), Senior Living Revenue Bonds <br> (Series 2022A), 6.250%, 11/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1026784 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Pima County, AZ Industrial Development Authority (La Posada at Pusch Ridge), Senior Living Revenue Bonds <br> (Series 2022A), 7.000%, 11/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025868 |
| &nbsp;&nbsp;&nbsp; 3000000 | Salt Verde Financial Corp., AZ, Senior Gas Revenue Bonds (Series 2007), (Original Issue Yield: 5.100%), (Citigroup, Inc. <br> GTD), 5.000%, 12/1/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3101751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000<br><sup>3</sup> <br>| Verrado Community Facilities District No. 1, AZ, District GO Refunding Bonds (Series 2013A), 6.000%, 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431780 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13512525 |
|  | **Arkansas—0.3%** |  |
| &nbsp;&nbsp;&nbsp; 1250000 | Arkansas Development Finance Authority (United States Steel Corp.), Environmental Improvement Revenue Bonds <br> (Series 2022), 5.450%, 9/1/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1237170 |
|  | **California—6.9%** |  |
| &nbsp;&nbsp;&nbsp; 4445000 | California Health Facilities Financing Authority (Cedars-Sinai Medical Center), Revenue Refunding Bonds (Series 2021A), <br> 5.000%, 8/15/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4748665 |
| &nbsp;&nbsp;&nbsp; 2000000 | California Municipal Finance Authority (LINXS APM Project), Senior Lien Revenue Bonds (Series 2018A), <br> 5.000%, 12/31/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>3</sup> <br>| California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living Revenue Refunding Bonds <br> (Series 2021A), 5.000%, 11/15/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000<br><sup>3</sup> <br>| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.125%, 7/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000<br><sup>3</sup> <br>| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.000%, 7/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 566879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>3</sup> <br>| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2017A), 5.000%, 7/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501841 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| California State School Finance Authority Charter School Revenue (Bright Star Schools-Obligated Group), Charter School <br> Revenue Bonds (Series 2017), 5.000%, 6/1/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>3</sup> <br>| California State School Finance Authority Charter School Revenue (Rocketship Public Schools), Revenue Bonds <br> (Series 2017G), 5.000%, 6/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448030 |
| &nbsp;&nbsp;&nbsp; 1100000<br><sup>3</sup> <br>| California State School Finance Authority Charter School Revenue (Summit Public Schools Obligated Group), <br> (Series 2017), 5.000%, 6/1/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1088869 |

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**1**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **California—continued** |  |
| $1430000 | California State, UT GO Various Purpose Bonds, 4.000%, 4/1/2049 | $1436377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | California State, Various Purpose UT GO Bonds, 5.250%, 9/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1020462 |
| &nbsp;&nbsp;&nbsp; 2250000<br><sup>3</sup> <br>| California Statewide Communities Development Authority (Loma Linda University Medical Center), Revenue Bonds <br> (Series 2016A), 5.000%, 12/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2204431 |
| &nbsp;&nbsp;&nbsp; 1555000 | Community Facilities District No. 2016 of the County of Orange (CFD 2016-1 (Village of Esencia)), Special Tax Revenue <br> Bonds (Series 2016A), 5.000%, 8/15/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1570159 |
| &nbsp;&nbsp;&nbsp; 1000000 | Community Facilities District No. 2017 of the County of Orange (CFD 2017-1 (Village of Esencia)), Improvement Area No.1 <br> Special Tax Revenue Bonds (Series 2018A), 5.000%, 8/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1013374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Corona-Norco USD Community Facilities District No. 98-1, CA, 2013 Special Tax Refunding Bonds, (United States Treasury <br> PRF 9/1/2023@100), 5.000%, 9/1/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509428 |
| &nbsp;&nbsp;&nbsp; 5000000<br><sup>4</sup> <br>| Golden State Tobacco Securitization Corp., CA, Subordinate Tobacco Settlement Asset-Backed Bonds (Series 2021B-2), <br> 0.000%, 6/1/2066<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement Bonds, 5.000%, 9/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement Bonds, 5.000%, 9/2/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement Bonds, 5.000%, 9/2/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182778 |
| &nbsp;&nbsp;&nbsp; 1000000 | Irvine, CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 1), Special Tax Bonds (Series 2014), <br> 5.000%, 9/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1006064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | Los Angeles, CA Department of Airports (Los Angeles International Airport), Subordinate Revenue Bonds (Series 2017A), <br> 5.000%, 5/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866673 |
| &nbsp;&nbsp;&nbsp; 1500000 | Los Angeles, CA Department of Airports (Los Angeles International Airport), Subordinate Revenue Refunding Bonds <br> (Series 2021A), 5.000%, 5/15/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1544823 |
| &nbsp;&nbsp;&nbsp; 2500000 | M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Citigroup, Inc. GTD), 7.000%, 11/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3090908 |
| &nbsp;&nbsp;&nbsp; 1000000 | Palomar Health, CA Revenue, (Series 2016), 5.000%, 11/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1006930 |
| &nbsp;&nbsp;&nbsp; 1000000 | Roseville, CA Special Tax (Fiddyment Ranch CFD No. 1), Special Tax Refunding Revenue Bonds (Series 2017), <br> 5.000%, 9/1/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1044234 |
| &nbsp;&nbsp;&nbsp; 1255000 | Roseville, CA Special Tax (Fiddyment Ranch CFD No. 5), Special Tax Revenue Bonds (Series 2021), 4.000%, 9/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1087194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000<br><sup>3</sup> <br>| San Francisco Special Tax District No. 2020-1 (Mission Rock Facilities and Services), Development Special Tax Bonds <br> (Series 2021A), 4.000%, 9/1/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | San Francisco, CA City & County Redevelopment Financing Agency (Mission Bay South Redevelopment), Tax Allocation <br> Refunding Bonds (Series 2016C), (National Public Finance Guarantee Corporation INS), 5.000%, 8/1/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517329 |
| &nbsp;&nbsp;&nbsp; 1200000 | Santa Margarita, CA Water District Community Facilities District No. 2013-1, Special Tax Bonds (Series 2013), (Original <br> Issue Yield: 5.700%), 5.625%, 9/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1209868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990000 | Western Riverside Water & Wastewater Financing Authority, CA, Local Agency Revenue Refunding Bonds (Series 2016A), <br> 5.000%, 9/1/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1038130 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33157204 |
|  | **Colorado—7.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Arista, CO Metropolitan District, Special Revenue Refunding and Improvement Bonds (Series 2018A), 5.000%, 12/1/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711941 |
| &nbsp;&nbsp;&nbsp; 1000000 | Banning Lewis Ranch Metropolitan District No. 4, LT GO Bonds (Series 2018A), 5.750%, 12/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984098 |
| &nbsp;&nbsp;&nbsp; 1000000 | Banning Lewis Ranch Regional Metropolitan District, LT GO Bonds (Series 2018A), 5.375%, 12/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943132 |
| &nbsp;&nbsp;&nbsp; 1500000 | Base Village Metropolitan District No. 2, LT GO Refunding Bonds (Series 2016A), 5.750%, 12/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500190 |
| &nbsp;&nbsp;&nbsp; 2000000 | Central Platte Valley, CO Metropolitan District, GO Refunding Bonds (Series 2013A), (United States Treasury PRF <br> 12/1/2023@100), 5.625%, 12/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2056236 |
| &nbsp;&nbsp;&nbsp; 1250000 | Central Platte Valley, CO Metropolitan District, GO Refunding Bonds (Series 2013A), (United States Treasury PRF <br> 12/1/2023@100), 6.000%, 12/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1289477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Colorado Educational & Cultural Facilities Authority (Aspen View Academy), Charter School Revenue Bonds (Series 2021), <br> 4.000%, 5/1/2061<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380228 |
| &nbsp;&nbsp;&nbsp; 2000000 | Colorado Educational & Cultural Facilities Authority (James Irwin Educational Foundation), Charter School Revenue Bonds <br> (Series 2022), 5.000%, 9/1/2062<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1947496 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Colorado Educational & Cultural Facilities Authority (Loveland Classical School), School Improvement Revenue Bonds <br> (Series 2016), 5.000%, 7/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937989 |
| &nbsp;&nbsp;&nbsp; 1625000 | Colorado Educational & Cultural Facilities Authority (Skyview Academy), Charter School Refunding & Improvement <br> Revenue Bonds (Series 2014), 5.500%, 7/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1604797 |
| &nbsp;&nbsp;&nbsp; 1000000 | Colorado Educational & Cultural Facilities Authority (University Lab School), Charter School Refunding & Improvement <br> Revenue Bonds (Series 2015), (Original Issue Yield: 5.020%), 5.000%, 12/15/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011206 |
| &nbsp;&nbsp;&nbsp; 5000000 | Colorado Health Facilities Authority (Advent Health System/Sunbelt Obligated Group), Hospital Revenue Bonds <br> (Series 2021A), 4.000%, 11/15/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4589913 |

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**2**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Colorado—continued** |  |
| $1500000 | Colorado Health Facilities Authority (Christian Living Communities), Revenue Refunding Bonds (Series 2016), <br> 5.000%, 1/1/2031<br>| $1435497 |
| &nbsp;&nbsp;&nbsp; 1000000 | Colorado State Health Facilities Authority (Intermountain Healthcare), Revenue Bonds (Series 2022A), 5.000%, 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1158750 |
| &nbsp;&nbsp;&nbsp; 2500000 | Colorado State Health Facilities Authority (Intermountain Healthcare), Revenue Bonds (Series 2022A), 5.000%, 5/15/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2661591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Denver, CO Convention Center Hotel Authority, Senior Revenue Refunding Bonds (Series 2016), 5.000%, 12/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495304 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Denver, CO Health & Hospital Authority, Revenue Refunding Bonds (Series 2017A), 5.000%, 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Eagle County, CO Air Terminal Corp., Revenue Refunding Bonds (Series 2011A), 6.000%, 5/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697239 |
| &nbsp;&nbsp;&nbsp; 1170000 | Hogback Metropolitan District, CO, LT GO Bonds (Series 2021A), 5.000%, 12/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984320 |
| &nbsp;&nbsp;&nbsp; 1500000 | Lakes at Centerra Metropolitan District No. 2, LT GO Refunding and Improvement Bonds (Series 2018A), <br> 5.125%, 12/1/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1432435 |
| &nbsp;&nbsp;&nbsp; 2500000 | North Range, CO Metropolitan District No. 2, LT GO and Special Revenue Refunding and Improvement Bonds <br> (Series 2017A), 5.750%, 12/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2473330 |
| &nbsp;&nbsp;&nbsp; 2000000 | Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds (Series 2008), (Original Issue Yield: 6.630%), <br> (Bank of America Corp. GTD), 6.250%, 11/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2139280 |
| &nbsp;&nbsp;&nbsp; 2510000 | St. Vrain Lakes, CO Metropolitan District No. 2, LT GO Senior Bonds (Series 2017A), 5.000%, 12/1/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2410103 |
| &nbsp;&nbsp;&nbsp; 1030000 | Tallyn's Reach Metropolitan District No. 3, CO, LT GO Refunding & Improvement Bonds (Series 2013), (United States <br> Treasury PRF 12/1/2023@100), 5.125%, 11/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1052395 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35932471 |
|  | **Connecticut—1.2%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Connecticut Development Authority (Bombardier, Inc.), Airport Facility Revenue Bonds, 7.950%, 4/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999863 |
| &nbsp;&nbsp;&nbsp; 1500000 | Connecticut State (Connecticut State Special Transportation Fund), Special Tax Obligation Bonds Transportation <br> Infrastructure Purpose (Series 2018B), 5.000%, 10/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1630835 |
| &nbsp;&nbsp;&nbsp; 1835000<br><sup>3</sup> <br>| Mohegan Tribe of Indians of Connecticut Gaming Authority, Priority Distribution Payment Refunding Bonds <br> (Series 2015C), (Original Issue Yield: 6.375%), 6.250%, 2/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908980 |
| &nbsp;&nbsp;&nbsp; 1500000 | Steel Point Infrastructure Improvement District, Steelpoint Harbor Special Obligation Revenue Bonds (Series 2021), <br> 4.000%, 4/1/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189641 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5729319 |
|  | **Delaware—1.5%** |  |
| &nbsp;&nbsp;&nbsp; 2000000 | Delaware Economic Development Authority (Newark Charter School, Inc.), Charter School Revenue Bonds (Series 2021), <br> 4.000%, 9/1/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1685983 |
| &nbsp;&nbsp;&nbsp; 3000000 | Delaware Health Facilities Authority (Christiana Care Health Services), Revenue and Refunding Bonds (Series 2020A), <br> 4.000%, 10/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2857221 |
| &nbsp;&nbsp;&nbsp; 3000000<br><sup>3</sup> <br>| Millsboro, DE Special Obligations (Plantation Lakes Special Development District), Special Tax Revenue Refunding Bonds <br> (Series 2018), (Original Issue Yield: 5.140%), 5.125%, 7/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2905408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7448612 |
|  | **District of Columbia—2.6%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | District of Columbia (Friendship Public Charter School, Inc.), Revenue Bonds (Series 2016A), 5.000%, 6/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997539 |
| &nbsp;&nbsp;&nbsp; 1000000 | District of Columbia (Ingleside at Rock Creek), Project Revenue Bonds (Series 2017A), (Original Issue Yield: 5.250%), <br> 5.000%, 7/1/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831173 |
| &nbsp;&nbsp;&nbsp; 1030000 | District of Columbia (KIPP DC), Revenue Bonds (Series 2013A), (United States Treasury PRF 7/1/2023@100), <br> 6.000%, 7/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1049763 |
| &nbsp;&nbsp;&nbsp; 1000000 | District of Columbia (KIPP DC), Revenue Bonds (Series 2019), 4.000%, 7/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927332 |
| &nbsp;&nbsp;&nbsp; 1500000 | District of Columbia, UT GO Bonds (Series 2021D), 4.000%, 2/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1484738 |
| &nbsp;&nbsp;&nbsp; 1000000 | Metropolitan Washington, DC Airports Authority, Revenue Refunding Bonds (Series 2017A), 5.000%, 10/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1016729 |
| &nbsp;&nbsp;&nbsp; 3000000 | Metropolitan Washington, DC Airports Authority, Revenue Refunding Bonds (Series 2019A), 5.000%, 10/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3122537 |
| &nbsp;&nbsp;&nbsp; 1700000 | Washington Metropolitan Area Transit Authority, Dedicated Revenue Bonds (Series 2020A), 4.000%, 7/15/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1643412 |
| &nbsp;&nbsp;&nbsp; 1180000 | Washington Metropolitan Area Transit Authority, Dedicated Revenue Bonds (Series 2020A), 5.000%, 7/15/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1261620 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12334843 |
|  | **Florida—8.2%** |  |
| &nbsp;&nbsp;&nbsp; 1245000 | Alta Lakes, FL Community Development District, Special Assessment Bonds (Series 2019), 4.625%, 5/1/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | Arborwood, FL Community Development District, Special Assessment Revenue Bonds (Series 2014A-1), (Original Issue <br> Yield: 6.900%), 6.900%, 5/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | Artisan Lakes East CDD, Capital Improvement Revenue Bonds (Series 2021-1), 4.000%, 5/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | Artisan Lakes East CDD, Capital Improvement Revenue Bonds (Series 2021-2), 4.000%, 5/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419972 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Florida—continued** |  |
| $1365000 | Boggy Branch CDD, FL, Special Assessment Bonds (Series 2021), 4.000%, 5/1/2051 | $1049756 |
| &nbsp;&nbsp;&nbsp; 3000000 | Broward County, FL (Broward County, FL Convention Center Hotel), First Tier Revenue Bonds (Series 2022), <br> (Broward County, FL GTD), 5.500%, 1/1/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3333565 |
| &nbsp;&nbsp;&nbsp; 3000000<br><sup>1,2,3</sup> <br>| Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds (Series 2013A), (Original Issue <br> Yield: 8.375%), 8.250%, 5/15/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1920000 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Florida Development Finance Corp. (Glenridge on Palmer Ranch), Senior Living Revenue and Refunding Bonds <br> (Series 2021), 5.000%, 6/1/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 807609 |
| &nbsp;&nbsp;&nbsp; 1000000 | Florida Development Finance Corp. (Mayflower Retirement Community), Senior Living Revenue Bonds (Series 2021A), <br> 4.000%, 6/1/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 677438 |
| &nbsp;&nbsp;&nbsp; 1000000 | Florida Development Finance Corp. (Shands Jacksonville Medical Center, Inc.), UFHealth Revenue Refunding Bonds <br> (Series 2022A), 5.000%, 2/1/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 946350 |
| &nbsp;&nbsp;&nbsp; 1000000 | Harbor Bay, FL Community Development District, Special Assessment District Area One (Series 2019A-1), (Original Issue <br> Yield: 4.140%), 4.100%, 5/1/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 802132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265000 | Lakes of Sarasota CDD, Improvement Revenue Bonds Phase 1 Project (Series 2021A-1), 4.100%, 5/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | Lakes of Sarasota CDD, Improvement Revenue Bonds Phase 1 Project (Series 2021A-2), (Original Issue Yield: 3.960%), <br> 3.875%, 5/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 555000 | Lakewood Ranch Stewardship District, FL (Indigo Expansion Area Project), Special Assessment Revenue Bonds <br> (Series 2019), 4.000%, 5/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432496 |
| &nbsp;&nbsp;&nbsp; 1000000 | Lakewood Ranch Stewardship District, FL (Lakewood Centre North), Special Assessment Revenue Bonds (Series 2015), <br> (Original Issue Yield: 4.960%), 4.875%, 5/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 914490 |
| &nbsp;&nbsp;&nbsp; 1000000 | Lakewood Ranch Stewardship District, FL (Lakewood National & Polo Run), Special Assessment Bonds, (Original Issue <br> Yield: 5.400%), 5.375%, 5/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Lakewood Ranch Stewardship District, FL (Northeast Sector Phase-2B), Special Assessment Revenue Bonds (Series 2020), <br> 4.000%, 5/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580119 |
| &nbsp;&nbsp;&nbsp; 1000000 | Lakewood Ranch Stewardship District, FL (Northeast Sector Project—Phase 1B), Special Assessment Revenue Bonds <br> (Series 2018), 5.450%, 5/1/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977492 |
| &nbsp;&nbsp;&nbsp; 1175000 | Lakewood Ranch Stewardship District, FL (Villages of Lakewood Ranch South), Special Assessment Revenue Bonds <br> (Series 2016), (Original Issue Yield: 5.160%), 5.125%, 5/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1121684 |
| &nbsp;&nbsp;&nbsp; 1000000 | Lee County, FL IDA (Cypress Cove at Healthpark), Healthcare Facilities Revenue Bonds (Series 2022A), 5.250%, 10/1/2057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 859918 |
| &nbsp;&nbsp;&nbsp; 1000000 | LT Ranch, FL CDD (LT Ranch, FL CDD Phase IIA Assessment Area), Capital Improvement Revenue Bonds Phase IIA <br> (Series 2022-2), (Original Issue Yield: 5.740%), 5.700%, 5/1/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001365 |
| &nbsp;&nbsp;&nbsp; 1840000 | LT Ranch, FL CDD, Capital Improvement Revenue Bonds (Series 2019), 4.000%, 5/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1429235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745000 | Midtown Miami, FL Community Development District, Special Assessment & Revenue Refunding Bonds (Series 2014A), <br> (Original Issue Yield: 5.250%), 5.000%, 5/1/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730746 |
| &nbsp;&nbsp;&nbsp; 3000000 | Orlando & Orange County Expressway Authority, FL (Central Florida Expressway Authority), Revenue Bonds (Series 2013), <br> (United States Treasury PRF 7/1/2023@100), 5.000%, 7/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3043368 |
| &nbsp;&nbsp;&nbsp; 2000000<br><sup>3</sup> <br>| Polk County, FL IDA (Mineral Development, LLC), Secondary Phosphate Tailings Recovery Project Revenue Bonds <br> (Series 2020), 5.875%, 1/1/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1999132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145000<br><sup>1,2</sup> <br>| Reunion East Community Development District, FL, Special Assessment Bonds (Series 2002A-1), 7.375%, 5/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; 1125000 | River Landing CDD, Capital Improvement Revenue Bonds (Series 2020A), (Original Issue Yield: 4.360%), 4.350%, 5/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 919176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Rivers Edge III CDD, Capital Improvement Revenue Bonds (Series 2021), 4.000%, 5/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692147 |
| &nbsp;&nbsp;&nbsp; 1250000 | Seminole County, FL IDA (Legacy Pointe at UCF), Retirement Facilities Revenue Bonds (Series 2019A), 5.750%, 11/15/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1047376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 825000 | Southern Grove, FL Community Development District #5, Special Assessment Bonds (Series 2021), 4.000%, 5/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585000 | Southern Grove, FL Community Development District #5, Special Assessment District Revenue Refunding Bonds <br> (Series 2019), 4.000%, 5/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | St. Johns County, FL IDA (Vicar's Landing), Senior Living Revenue Bonds (Series 2021A), 4.000%, 12/15/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495000 | Talavera, FL Community Development District, Capital Improvement Revenue Bonds (Series 2019), 4.350%, 5/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770000 | Talavera, FL Community Development District, Capital Improvement Revenue Bonds (Series 2019), 4.500%, 5/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Tolomato Community Development District, FL, Special Assessment Refunding Bonds (Series 2019C), 4.400%, 5/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 803194 |
| &nbsp;&nbsp;&nbsp; 1000000 | Tolomato Community Development District, FL, Special Assessment Refunding Bonds Subordinate Lien (Series 2019A-2), <br> 4.250%, 5/1/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 907586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2015-2), (Original Issue Yield: <br> 6.752%), (Step Coupon 11/1/2024@6.610%), 0.000%, 5/1/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000<br><sup>1,2</sup> <br>| Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2015-3), 6.610%, 5/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; 1400000 | Tradition CDD No. 9, Special Assessment Community Infrastructure Bonds (Series 2021), 4.000%, 5/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1069756 |

---

**4**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Florida—continued** |  |
| $980000 | Verandah West, FL Community Development District, Capital Improvement Revenue Refunding Bonds (Series 2013), <br> (Original Issue Yield: 5.125%), 5.000%, 5/1/2033<br>| $980026 |
| &nbsp;&nbsp;&nbsp; 1500000 | Viera Stewardship District (Viera Stewardship District Village 2), Special Assessment Revenue Bonds (Series 2021), <br> 4.000%, 5/1/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1138742 |
| &nbsp;&nbsp;&nbsp; 2000000 | Willow Walk, FL Community Development District, Special Assessment Bonds (Series 2015), 5.625%, 5/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2003468 |
| &nbsp;&nbsp;&nbsp; 1355000 | Windward at Lakewood Ranch, FL Community Development District, Capital Improvement Revenue Bonds (Series 2022), <br> 4.250%, 5/1/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1082795 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39750159 |
|  | **Georgia—0.5%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Atlanta, GA Water & Wastewater, Revenue Refunding Bonds (Series 2015), 5.000%, 11/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1038865 |
| &nbsp;&nbsp;&nbsp; 1010000 | Geo. L. Smith II Georgia World Congress Center Authority, Convention Center Hotel Second Tier Revenue Bonds <br> (Series 2021B), 5.000%, 1/1/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Rockdale County, GA Development Authority (Pratt Paper, LLC), Revenue Refunding Bonds (Series 2018), <br> 4.000%, 1/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451410 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2327396 |
|  | **Guam—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Guam Government, Hotel Occupancy Tax Revenue Refunding Bonds (Series 2021A), 5.000%, 11/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500310 |
|  | **Idaho—0.5%** |  |
| &nbsp;&nbsp;&nbsp; 3000000 | Idaho Health Facilities Authority (Terraces of Boise), Exchange Revenue Refunding Bonds (Series 2021A), <br> 4.550%, 10/1/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2122793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490000 | Idaho Health Facilities Authority (Terraces of Boise), Taxable Exchange Revenue Refunding Bonds (Series 2021B), <br> 8.000%, 10/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 452888 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2575681 |
|  | **Illinois—10.6%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Chicago, IL (Chicago, IL Sales Tax), Revenue Refunding Bonds (Series 2002), (United States Treasury PRF 1/1/2025@100), <br> 5.000%, 1/1/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1047232 |
| &nbsp;&nbsp;&nbsp; 3300000 | Chicago, IL Board of Education, UT GO Dedicated Revenue Bonds (Series 2017A), (Original Issue Yield: 7.650%), <br> 7.000%, 12/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3586939 |
| &nbsp;&nbsp;&nbsp; 1000000 | Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A), 5.000%, 12/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1008462 |
| &nbsp;&nbsp;&nbsp; 1000000 | Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A), 5.000%, 12/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1008173 |
| &nbsp;&nbsp;&nbsp; 2750000 | Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A), 5.000%, 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2749995 |
| &nbsp;&nbsp;&nbsp; 1400000 | Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A), 5.000%, 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395043 |
| &nbsp;&nbsp;&nbsp; 1125000 | Chicago, IL O'Hare International Airport (TrIPs Obligated Group), Senior Special Facilities Revenue Bonds (Series 2018), <br> 5.000%, 7/1/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125170 |
| &nbsp;&nbsp;&nbsp; 1000000 | Chicago, IL O'Hare International Airport, General Airport Senior Lien Revenue Bonds (Series 2022A), 5.500%, 1/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1052082 |
| &nbsp;&nbsp;&nbsp; 4000000 | Chicago, IL Transit Authority, Second Lien Sales Tax Receipts Revenue Bonds (Series 2022A), 5.000%, 12/1/2057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4091492 |
| &nbsp;&nbsp;&nbsp; 2683000 | Chicago, IL, UT GO Exchanged Bonds (Series 2021B), 4.000%, 1/1/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2364556 |
| &nbsp;&nbsp;&nbsp; 1333000 | Chicago, IL, UT GO Exchanged Bonds (Series 2021B), 4.000%, 1/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1117913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314000 | DuPage County, IL (Naperville Campus LLC), Special Tax Bonds (Series 2006), 5.625%, 3/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304269 |
| &nbsp;&nbsp;&nbsp; 2000000 | Illinois Finance Authority (Admiral at the Lake), Revenue Refunding Bonds (Series 2017), (Original Issue Yield: 5.350%), <br> 5.250%, 5/15/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1495266 |
| &nbsp;&nbsp;&nbsp; 1100000 | Illinois Finance Authority (Lutheran Life Communities), Revenue Bonds (Series 2019A), 5.000%, 11/1/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883221 |
| &nbsp;&nbsp;&nbsp; 1250000 | Illinois Finance Authority (Noble Network of Charter Schools), Education Revenue Bonds (Series 2015), 5.000%, 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1275371 |
| &nbsp;&nbsp;&nbsp; 1100000 | Illinois Finance Authority (Rogers Park Montessori School Project), Senior Revenue Bonds (Series 2014A), <br> 6.125%, 2/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1106687 |
| &nbsp;&nbsp;&nbsp; 3000000 | Illinois State Toll Highway Authority, Toll Highway Senior Revenue Bonds (Series 2021A), 5.000%, 1/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3177696 |
| &nbsp;&nbsp;&nbsp; 8000000 | Illinois State, GO Bonds (Series 2017D), 5.000%, 11/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8341897 |
| &nbsp;&nbsp;&nbsp; 2000000 | Illinois State, UT GO Bonds (Series 2013A), 5.000%, 4/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2003570 |
| &nbsp;&nbsp;&nbsp; 1000000 | Illinois State, UT GO Bonds (Series 2020C), (Original Issue Yield: 4.340%), 4.000%, 10/1/2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885902 |
| &nbsp;&nbsp;&nbsp; 1000000 | Illinois State, UT GO Bonds (Series 2022A), 5.500%, 3/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1053662 |
| &nbsp;&nbsp;&nbsp; 2025000 | Illinois State, UT GO Bonds (Series June 2013), (Original Issue Yield: 5.650%), 5.500%, 7/1/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2035780 |
| &nbsp;&nbsp;&nbsp; 1000000 | Illinois State, UT GO Bonds (Series of February 2014), (Original Issue Yield: 5.040%), 5.000%, 2/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1003634 |
| &nbsp;&nbsp;&nbsp; 3000000 | Illinois State, UT GO Refunding Bonds (Series 2018B), 5.000%, 10/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3145570 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Illinois—continued** |  |
| $600000 | Illinois State, UT GO Refunding Bonds (Series 2021A), 5.000%, 3/1/2046 | $601780 |
| &nbsp;&nbsp;&nbsp; 2000000 | Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project Bonds (Series 2015A), <br> 5.500%, 6/15/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2027178 |
| &nbsp;&nbsp;&nbsp; 2000000<br><sup>4</sup> <br>| Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project Bonds (Series 2017A), (Original Issue <br> Yield: 5.250%), 0.000%, 12/15/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320198 |
| &nbsp;&nbsp;&nbsp; 1000000 | Sales Tax Securitization Corp., IL, Sales Tax Revenue Bonds (Series 2017A), 5.000%, 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1068639 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51277377 |
|  | **Indiana—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915000 | Indiana State Finance Authority (KIPP Indianapolis), Revenue Bonds (Series 2020A), 5.000%, 7/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820593 |
|  | **Iowa—1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898697 | Iowa Finance Authority (Deerfield Retirement Community, Inc.), Lifespace GTD Senior Living Facility Revenue Refunding <br> Bonds (Series 2014A), (United States Treasury PRF 11/15/2024@100), 5.400%, 11/15/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 936333 |
| &nbsp;&nbsp;&nbsp; 1430000 | Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue Refunding Bonds (Series 2022), <br> 5.000%, 12/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1349869 |
| &nbsp;&nbsp;&nbsp; 2930000 | Tobacco Settlement Financing Corp., IA, Tobacco Settlement Asset-Backed Senior Current Interest Bonds <br> (Series 2021A-2 Class 1), 4.000%, 6/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2468191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475000 | Tobacco Settlement Financing Corp., IA, Tobacco Settlement Asset-Backed Senior Current Interest Bonds <br> (Series 2021B-1 Class 2), 4.000%, 6/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471620 |
| &nbsp;&nbsp;&nbsp; 1060000 | Xenia Rural Water District, Water Revenue Refunding Capital Loan Notes (Series 2016), (United States Treasury PRF <br> 12/1/2026@100), 5.000%, 12/1/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1153723 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6379736 |
|  | **Kentucky—0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | Henderson, KY (Pratt Paper, LLC), Exempt Facilities Revenue Bonds (Series 2022), 4.700%, 1/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330711 |
| &nbsp;&nbsp;&nbsp; 1000000 | Kentucky Economic Development Finance Authority (Miralea), Revenue Bonds (Series 2016A), 5.000%, 5/15/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820679 |
| &nbsp;&nbsp;&nbsp; 2000000 | Kentucky Economic Development Finance Authority (Miralea), Revenue Bonds (Series 2016A), 5.000%, 5/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1602283 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2753673 |
|  | **Louisiana—1.0%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Calcasieu Parish, LA Memorial Hospital Service District (Lake Charles Memorial Hospital), Hospital Revenue Refunding <br> Bonds (Series 2019), 5.000%, 12/1/2039<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1012213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | Louisiana Public Facilities Authority (Ochsner Clinic Foundation), Refunding Revenue Bonds (Series 2016), (United States <br> Treasury PRF 5/15/2026@100), 5.000%, 5/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970000 | Louisiana Public Facilities Authority (Ochsner Clinic Foundation), Refunding Revenue Bonds (Series 2016), <br> 5.000%, 5/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986312 |
| &nbsp;&nbsp;&nbsp; 1000000 | St. James Parish, LA (NuStar Logistics LP), Revenue Bonds (Series 2008) TOBs, 6.100%, Mandatory Tender 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1066145 |
| &nbsp;&nbsp;&nbsp; 1500000 | Tobacco Settlement Financing Corp., LA, Tobacco Settlement Asset-Backed Refunding Bonds (Series 2013A), <br> 5.250%, 5/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1523185 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4619924 |
|  | **Maine—0.6%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Maine Health & Higher Educational Facilities Authority (Eastern Maine Healthcare Systems Obligated Group), Revenue <br> Bonds (Series 2016A), 5.000%, 7/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000674 |
| &nbsp;&nbsp;&nbsp; 2000000<br><sup>3</sup> <br>| Maine State Finance Authority Solid Waste Disposal (Casella Waste Systems, Inc.), Revenue Bonds (Series 2005R-3), <br> 5.250%, 1/1/2025<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2016748 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3017422 |
|  | **Maryland—2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955000 | Baltimore, MD (East Baltimore Research Park), Special Obligation Revenue Refunding Bonds (Series 2017A), <br> 5.000%, 9/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 953547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Baltimore, MD (Harbor Point), Special Obligation Refunding Bonds (Series 2016), (Original Issue Yield: 5.160%), <br> 5.125%, 6/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490874 |
| &nbsp;&nbsp;&nbsp; 1860000 | Frederick County, MD (Jefferson Technology Park), Tax Increment & Special Tax Limited Obligation Refunding Bonds <br> (Series 2020B), 4.625%, 7/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1743452 |
| &nbsp;&nbsp;&nbsp; 1060000 | Maryland State Economic Development Corp. (CONSOL Energy, Inc.), Port Facilities Refunding Revenue Bonds <br> (Series 2010), 5.750%, 9/1/2025<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1060178 |
| &nbsp;&nbsp;&nbsp; 1000000 | Maryland State Economic Development Corp. (Port Covington District), Special Obligation Bonds (Series 2020), <br> 4.000%, 9/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788919 |

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**6**

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---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Maryland—continued** |  |
| $200000 | Maryland State Economic Development Corp. (Ports America Chesapeake, Inc.), Transportation Facilities Revenue <br> Refunding Bonds (Series 2017A), 5.000%, 6/1/2032<br>| $210232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | Maryland State Economic Development Corp. (Ports America Chesapeake, Inc.), Transportation Facilities Revenue <br> Refunding Bonds (Series 2017A), 5.000%, 6/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467270 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Prince Georges County, MD (Westphalia Town Center), Special Obligation Revenue Bonds (Series 2018), (Original Issue <br> Yield: 5.330%), 5.250%, 7/1/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962259 |
| &nbsp;&nbsp;&nbsp; 1000000 | Prince Georges County, MD Revenue Authority (Suitland-Naylor Road Project), Special Obligation Bonds (Series 2016), <br> 5.000%, 7/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000481 |
| &nbsp;&nbsp;&nbsp; 1000000 | Rockville, MD Mayor & City Council Economic Development Revenue (Ingleside at King Farm), Economic Development <br> Revenue Bonds (Series 2017B), 5.000%, 11/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 888890 |
| &nbsp;&nbsp;&nbsp; 1000000 | Westminster, MD (Lutheran Village at Miller's Grant, Inc.), Revenue Bonds (Series 2014A), (Original Issue Yield: 6.300%), <br> 6.250%, 7/1/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011451 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9577553 |
|  | **Massachusetts—1.1%** |  |
| &nbsp;&nbsp;&nbsp; 2250000 | Commonwealth of Massachusetts, UT GO Consolidated Loan Bonds (Series 2020E), 5.000%, 11/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2419488 |
| &nbsp;&nbsp;&nbsp; 2000000 | Massachusetts Development Finance Agency (Mass General Brigham), Revenue Refunding Bonds (Series 2016Q), <br> 5.000%, 7/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2033432 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Massachusetts Development Finance Agency (Newbridge on the Charles), Revenue Refunding Bonds (Series 2017), <br> 5.000%, 10/1/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1012334 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5465254 |
|  | **Michigan—1.2%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Detroit, MI, UT GO Bonds (Series 2020), 5.500%, 4/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1019558 |
| &nbsp;&nbsp;&nbsp; 2000000 | Michigan State Finance Authority (Detroit, MI Public Lighting Authority), Local Government Loan Program Revenue Bonds <br> (Series 2014B), 5.000%, 7/1/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2005338 |
| &nbsp;&nbsp;&nbsp; 1000000 | Michigan State Finance Authority (Great Lakes, MI Water Authority Sewage Disposal System), Senior Lien Revenue Bonds <br> (Series 2014 C-7), (National Public Finance Guarantee Corporation INS), 5.000%, 7/1/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025614 |
| &nbsp;&nbsp;&nbsp; 1000000 | Michigan State Finance Authority (Great Lakes, MI Water Authority Water Supply System), Senior Lien Revenue Bonds <br> (Series 2014 D-6), (National Public Finance Guarantee Corporation INS), 5.000%, 7/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1022356 |
| &nbsp;&nbsp;&nbsp; 1500000 | Plymouth, MI Educational Center Charter School, Public School Academy Revenue Refunding Bonds, Series 2005, <br> 5.625%, 11/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5987866 |
|  | **Minnesota—2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Baytown Township, MN (St. Croix Preparatory Academy), Charter School Lease Revenue Refunding Bonds (Series 2016A), <br> 4.000%, 8/1/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596785 |
| &nbsp;&nbsp;&nbsp; 1100000 | Baytown Township, MN (St. Croix Preparatory Academy), Charter School Lease Revenue Refunding Bonds (Series 2016A), <br> 4.250%, 8/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866783 |
| &nbsp;&nbsp;&nbsp; 1700000 | Forest Lake, MN (Lakes International Language Academy), Charter School Lease Revenue Bonds (Series 2014A), <br> 5.750%, 8/1/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1704116 |
| &nbsp;&nbsp;&nbsp; 1000000 | Forest Lake, MN (Lakes International Language Academy), Charter School Lease Revenue Bonds (Series 2018A), <br> 5.375%, 8/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950943 |
| &nbsp;&nbsp;&nbsp; 3000000<br><sup>3</sup> <br>| Minneapolis, MN Charter School Lease Revenue (Twin Cities International School), (Series 2017A), (Original Issue Yield: <br> 5.150%), 5.000%, 12/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2748084 |
| &nbsp;&nbsp;&nbsp; 2000000 | St. Cloud, MN Charter School (Stride Academy), Lease Revenue Bonds (Series 2016A), 5.000%, 4/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1459707 |
| &nbsp;&nbsp;&nbsp; 2000000 | St. Paul and Ramsey County, MN Housing and Redevelopment Authority (Twin Cities Academy), Charter School Lease <br> Revenue Bonds (Series 2015A), 5.375%, 7/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1847515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | Winona, MN Port Authority (Bluffview Montessori School Project), Lease Revenue Bonds (Series 2016A), 4.500%, 6/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Winona, MN Port Authority (Bluffview Montessori School Project), Lease Revenue Bonds (Series 2016A), 4.750%, 6/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594513 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11040526 |
|  | **Missouri—0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Cape Girardeau County, MO IDA (SoutheastHEALTH Obligated Group), Health Facilities Revenue Bonds (Series 2021), <br> 4.000%, 3/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336550 |
| &nbsp;&nbsp;&nbsp; 2000000<br><sup>3</sup> <br>| Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue Bonds <br> (Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395411 |
| &nbsp;&nbsp;&nbsp; 1000000 | Kirkwood, MO IDA (Aberdeen Heights Project), Retirement Community Revenue Bonds (Series 2017A), 5.250%, 5/15/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 822218 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2554179 |

---

**7**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Montana—0.4%** |  |
| $900000 | Kalispell, MT Housing and Healthcare Facilities (Immanuel Lutheran Corp.), Revenue Bonds (Series 2017A), <br> 5.250%, 5/15/2047<br>| $739415 |
| &nbsp;&nbsp;&nbsp; 1425000 | Kalispell, MT Housing and Healthcare Facilities (Immanuel Lutheran Corp.), Revenue Bonds (Series 2017A), <br> 5.250%, 5/15/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1128908 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1868323 |
|  | **Nevada—1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905000<br><sup>3</sup> <br>| Director of the State of Nevada Department of Business and Industry (Doral Academy of Nevada CS), Charter School <br> Revenue Bonds (Series 2017A), 5.000%, 7/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 830612 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Director of the State of Nevada Department of Business and Industry (Somerset Academy of Las Vegas), Charter School <br> Lease Revenue Bonds (Series 2018A), 5.000%, 12/15/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925000 | Las Vegas, NV Special Improvement District No. 812 (Summerlin Village 24), Local Improvement Bonds (Series 2015), <br> 5.000%, 12/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Las Vegas, NV Special Improvement District No. 815 (Summerlin Village 25), Local Improvement Bonds (Series 2020), <br> 5.000%, 12/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473788 |
| &nbsp;&nbsp;&nbsp; 1500000 | Las Vegas, NV Redevelopment Agency, Tax Increment Revenue Refunding Bonds (Series 2016), 5.000%, 6/15/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1528677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775000 | Las Vegas, NV Special Improvement District #611 (Sunstone Phase I and II), Local Improvement Bonds (Series 2020), <br> (Original Issue Yield: 4.170%), 4.125%, 6/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632844 |
| &nbsp;&nbsp;&nbsp; 1225000 | Las Vegas, NV Special Improvement District No. 814 (Summerlin Villages 21 & 24A), Local Improvement Bonds <br> (Series 2019), 4.000%, 6/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1008980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | North Las Vegas, NV Special Improvement District No. 64 (Valley Vista), Local Improvement Bonds (Series 2019), <br> 4.625%, 6/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595943 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6972691 |
|  | **New Hampshire—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | National Finance Authority, NH (Covanta Energy Corp.), Resource Recovery Revenue Refunding Bonds (Series 2020B) <br> TOBs, 3.750%, Mandatory Tender 7/2/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80824 |
| &nbsp;&nbsp;&nbsp; 1252180<br><sup>1,2,3</sup> <br>| New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue Bonds (Series 20017A), (Original Issue <br> Yield: 6.375%), 6.125%, 7/1/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275480 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356304 |
|  | **New Jersey—3.7%** |  |
| &nbsp;&nbsp;&nbsp; 1280000 | New Jersey EDA (New Jersey State), Motor Vehicle Surcharge Subordinate Revenue Refunding Bonds (Series 2017A), <br> 5.000%, 7/1/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1333827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | New Jersey EDA (New Jersey State), School Facilities Construction Bonds (Series 2015 WW), (United States Treasury PRF <br> 6/15/2025@100), 5.250%, 6/15/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191582 |
| &nbsp;&nbsp;&nbsp; 3075000 | New Jersey EDA (New Jersey State), School Facilities Construction Bonds (Series 2015 WW), 5.250%, 6/15/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3139964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds (Series 2018EEE), 5.000%, 6/15/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 511674 |
| &nbsp;&nbsp;&nbsp; 1335000 | New Jersey EDA (Port Newark Container Terminal LLC), Special Facilities Revenue and Refunding Bonds (Series 2017), <br> 5.000%, 10/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1307022 |
| &nbsp;&nbsp;&nbsp; 1000000 | New Jersey EDA (UMM Energy Partners LLC), Energy Facility Revenue Bonds (Series 2012A), (Original Issue Yield: <br> 5.190%), 5.125%, 6/15/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000077 |
| &nbsp;&nbsp;&nbsp; 2500000 | New Jersey EDA (United Airlines, Inc.), Special Facility Revenue Bonds (Series 1999), 5.250%, 9/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2507108 |
| &nbsp;&nbsp;&nbsp; 1000000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2018A), <br> 5.000%, 12/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | New Jersey State, Covid-19 GO Emergency Bonds (Series 2020A), 4.000%, 6/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793375 |
| &nbsp;&nbsp;&nbsp; 1000000 | Newark, NJ, Mass Transit Access Tax Revenue Bonds (Series 2022), (Assured Guaranty Municipal Corp. INS), <br> 6.000%, 11/15/2062<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1117081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | South Jersey Port Corp., Subordinate Marine Terminal Revenue Bonds (Series 2017B), 5.000%, 1/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490450 |
| &nbsp;&nbsp;&nbsp; 4610000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Subordinate Refunding Bonds (Series 2018B), <br> 5.000%, 6/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4455428 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17909137 |
|  | **New York—4.2%** |  |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Build NYC Resource Corporation (Albert Einstein School of Medicine, Inc.), Revenue Bonds (Series 2015), <br> 5.500%, 9/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1004733 |
| &nbsp;&nbsp;&nbsp; 5000000<br><sup>4</sup> <br>| Glen Cove, NY Local Economic Assistance Corp. (Garvies Point Public Improvement Project), Capital Appreciation <br> Revenue Bonds (Series 2016B), (Original Issue Yield: 6.000%), 0.000%, 1/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1204831 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Monroe County, NY IDC (True North Rochester Preparatory Charter School), Charter School Revenue Bonds <br> (Series 2020A), 5.000%, 6/1/2059<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969748 |

---

**8**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **New York—continued** |  |
| $1365028 | Nassau County, NY IDA (Amsterdam at Harborside), Continuing Care Retirement Community Revenue Bonds <br> (Series 2021B), 5.000%, 1/1/2058<br>| $670534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2020C-1), <br> 4.000%, 5/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479266 |
| &nbsp;&nbsp;&nbsp; 1000000 | New York Counties Tobacco Trust VI, Tobacco Settlement Pass-Through Bonds (Series 201A-2B), 5.000%, 6/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 923064 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series 2014 Class 2), <br> 5.375%, 11/15/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000427 |
| &nbsp;&nbsp;&nbsp; 1500000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Revenue Refunding Bonds <br> (Series 2022A), 4.000%, 3/15/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1415841 |
| &nbsp;&nbsp;&nbsp; 1000000 | New York State Power Authority, Revenue Bonds (Series 2020A), 4.000%, 11/15/2060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665000 | New York Transportation Development Corporation (American Airlines, Inc.), Special Facilities Revenue Refunding Bonds <br> (Series 2021), 3.000%, 8/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593588 |
| &nbsp;&nbsp;&nbsp; 2000000 | New York Transportation Development Corporation (American Airlines, Inc.), Special Facility Revenue Refunding Bonds <br> (Series 2016), 5.000%, 8/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455000 | New York Transportation Development Corporation (American Airlines, Inc.), Special Facility Revenue Refunding Bonds <br> (Series 2016), 5.000%, 8/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454998 |
| &nbsp;&nbsp;&nbsp; 1000000 | New York Transportation Development Corporation (Delta Air Lines, Inc.), LaGuardia Airport Terminals Special Facilities <br> Revenue Bonds (Series 2018), 5.000%, 1/1/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011578 |
| &nbsp;&nbsp;&nbsp; 1500000 | New York Transportation Development Corporation (Delta Air Lines, Inc.), LaGuardia Airport Terminals Special Facilities <br> Revenue Bonds (Series 2020), (Original Issue Yield: 4.550%), 4.375%, 10/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1365518 |
| &nbsp;&nbsp;&nbsp; 1000000 | New York Transportation Development Corporation (Empire State Thruway Partners LLC), Exempt Facility Revenue Bonds <br> (Series 2021), 4.000%, 4/30/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 865000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds <br> (Series 2020A), 4.000%, 12/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754530 |
| &nbsp;&nbsp;&nbsp; 1800000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds <br> (Series 2020C), 4.000%, 12/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1588823 |
| &nbsp;&nbsp;&nbsp; 1000000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds <br> (Series 2022), 5.000%, 12/1/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 987613 |
| &nbsp;&nbsp;&nbsp; 1000000 | Niagara Area Development Corporation, NY (Covanta Energy Corp.), Solid Waste Disposal Facility Revenue Refunding <br> Bonds (Series 2018A), 4.750%, 11/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900921 |
| &nbsp;&nbsp;&nbsp; 1000000 | TSASC, Inc. NY, Tobacco Settlement Asset Backed Senior Refunding Bonds (Series 2017A), 5.000%, 6/1/2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011548 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20080573 |
|  | **Ohio—4.3%** |  |
| &nbsp;&nbsp; 10700000 | Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Refunding Bonds <br> (Series 2020B-2 Class 2), 5.000%, 6/1/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9803625 |
| &nbsp;&nbsp;&nbsp; 1000000 | Cuyahoga County, OH Hospital Authority (MetroHealth System), Hospital Revenue Bonds (Series 2017), <br> 5.500%, 2/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1013539 |
| &nbsp;&nbsp;&nbsp; 2000000 | Muskingum County, OH (Genesis Healthcare Corp.), Hospital Facilities Revenue Bonds (Series 2013), (Original Issue Yield: <br> 5.080%), 5.000%, 2/15/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1892337 |
| &nbsp;&nbsp;&nbsp; 1800000<br><sup>3</sup> <br>| Ohio Air Quality Development Authority (AMG Vanadium LLC), Exempt Facilities Revenue Bonds (Series 2019), <br> 5.000%, 7/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1658480 |
| &nbsp;&nbsp;&nbsp; 1000000 | Ohio Air Quality Development Authority (Pratt Paper, LLC), Exempt Facilities Revenue Bonds (Series 2017), <br> 4.500%, 1/15/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880735 |
| &nbsp;&nbsp;&nbsp; 1125000 | Ohio State Hospital Revenue (University Hospitals Health System, Inc.), Hospital Revenue Bonds (Series 2016A), <br> 5.000%, 1/15/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1142369 |
| &nbsp;&nbsp;&nbsp; 1000000 | Ohio State Treasurer (Portsmouth Gateway Group LLC), Private Activity Revenue Bonds (Series 2015), 5.000%, 6/30/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994451 |
| &nbsp;&nbsp;&nbsp; 3225000 | Ohio State, Infrastructure Improvement GO Bonds (Series 2021A), 5.000%, 3/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3598721 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20984257 |
|  | **Oklahoma—0.8%** |  |
| &nbsp;&nbsp;&nbsp; 2315000 | Oklahoma Development Finance Authority (OU Medicine), Hospital Revenue Bonds (Series 2018B), 5.500%, 8/15/2057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2098279 |
| &nbsp;&nbsp;&nbsp; 1750000 | Tulsa County, OK Industrial Authority (Montereau, Inc.), Senior Living Community Revenue Refunding Bonds (Series 2017), <br> 5.250%, 11/15/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1745320 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3843599 |
|  | **Oregon—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | Clackamas County, OR Hospital Facilities Authority (Mary's Woods at Marylhurst, Inc.), Senior Living Revenue Bonds <br> (Series2018A), 5.000%, 5/15/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393616 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Oregon—continued** |  |
| $635000 | Clackamas County, OR Hospital Facilities Authority (Mary's Woods at Marylhurst, Inc.), Senior Living Revenue Bonds <br> (Series2018A), 5.000%, 5/15/2043<br>| $546672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Clackamas County, OR Hospital Facilities Authority (Mary's Woods at Marylhurst, Inc.), Senior Living Revenue Bonds <br> (Series2018A), 5.000%, 5/15/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Clackamas County, OR Hospital Facilities Authority (Mary's Woods at Marylhurst, Inc.), Senior Living Revenue Bonds <br> (Series2018A), 5.000%, 5/15/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411689 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1686888 |
|  | **Pennsylvania—2.7%** |  |
| &nbsp;&nbsp;&nbsp; 2000000 | Bucks County, PA IDA (School Lane Charter School), (Series 2016A), 5.125%, 3/15/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2030340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Butler County, PA Hospital Authority (Butler Health System), Hospital Revenue Bonds (Series 2015A), 5.000%, 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503747 |
| &nbsp;&nbsp;&nbsp; 1200000 | Chester County, PA IDA (Avon Grove Charter School), Revenue Bonds (Series 2017A), 5.000%, 12/15/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1198567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Chester County, PA IDA (Avon Grove Charter School), Revenue Bonds (Series 2017A), 5.000%, 12/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791579 |
| &nbsp;&nbsp;&nbsp; 1000000 | Clairton Municipal Authority, PA, Sewer Revenue Bonds (Series 2012B), (Original Issue Yield: 5.050%), 5.000%, 12/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000507 |
| &nbsp;&nbsp;&nbsp; 3000000 | Lehigh County, PA General Purpose Authority (Lehigh Valley Academy Regional Charter School), Charter School Revenue <br> Bonds (Series 2022), 4.000%, 6/1/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2485547 |
| &nbsp;&nbsp;&nbsp; 2000000 | Pennsylvania Economic Development Financing Authority (National Gypsum Co.), Exempt Facilities Refunding Revenue <br> Bonds (Series 2014), 5.500%, 11/1/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1979803 |
| &nbsp;&nbsp;&nbsp; 1250000 | Pennsylvania Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement), Tax-Exempt Private <br> Activity Revenue Bonds (Series 2015), 5.000%, 12/31/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1254807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 725000 | Philadelphia, PA Authority for Industrial Development (PresbyHomes Germantown/Morrisville), Senior Living Revenue <br> Bonds (Series 2005A), 5.625%, 7/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739737 |
| &nbsp;&nbsp;&nbsp; 1000000 | Philadelphia, PA Water & Wastewater System, Water and Wastewater Revenue Bonds (Series 2017A), 5.000%, 10/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035675 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13020309 |
|  | **Puerto Rico—6.3%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833143 |
| &nbsp;&nbsp;&nbsp; 3000000 | Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2402356 |
| &nbsp;&nbsp;&nbsp; 4000000<br><sup>1,2</sup> <br>| Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2010 XX), (Original Issue Yield: 5.400%), <br> 5.250%, 7/1/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2960000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995000<br><sup>1,2</sup> <br>| Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2012B), (Original Issue Yield: 5.080%), <br> 5.050%, 7/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 731325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195000<br><sup>1,2</sup> <br>| Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2013A), (Original Issue Yield: 7.070%), <br> 7.000%, 7/1/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147713 |
| &nbsp;&nbsp;&nbsp; 2500000<br><sup>1,2</sup> <br>| Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2013A), (Original Issue Yield: 7.120%), <br> 7.000%, 7/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1887500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000<br><sup>1,2</sup> <br>| Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2013A), 7.000%, 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234825 |
| &nbsp;&nbsp;&nbsp; 6764000<br><sup>4</sup> <br>| Puerto Rico Sales Tax Financing Corp., Restructured Capital Appreciation Sales Tax Bonds (Series 2019A-1), (Original Issue <br> Yield: 5.375%), 0.000%, 7/1/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1264274 |
| &nbsp;&nbsp; 11340000 | Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A), (Original Issue Yield: 5.154%), <br> 5.000%, 7/1/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10731163 |
| &nbsp;&nbsp;&nbsp; 4000000 | Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-1), 4.750%, 7/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3644818 |
| &nbsp;&nbsp;&nbsp; 6000000 | Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-2), 4.784%, 7/1/2058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5469644 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30306761 |
|  | **Rhode Island—0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Rhode Island State Health and Educational Building Corp. (Lifespan Obligated Group), Hospital Financing Revenue <br> Refunding Bonds (Series 2016), 5.000%, 5/15/2039<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502149 |
| &nbsp;&nbsp;&nbsp; 2730000 | Tobacco Settlement Financing Corp., RI, Tobacco Settlement Asset-Backed Bonds (Series 2015B), 5.000%, 6/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2733926 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3236075 |
|  | **South Carolina—0.7%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Berkeley County, SC (Nexton Improvement District), Assessment Revenue Bonds (Series 2019), (Original Issue Yield: <br> 4.280%), 4.250%, 11/1/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836044 |
| &nbsp;&nbsp;&nbsp; 1020000<br><sup>3</sup> <br>| South Carolina Jobs-EDA (Green Charter Schools), Educational Facilities Revenue Refunding Bonds (Series 2021A), <br> 4.000%, 6/1/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 698466 |
| &nbsp;&nbsp;&nbsp; 1000000 | South Carolina Jobs-EDA (South Carolina Episcopal Home at Still Hopes), Residential Care Facilities Revenue and Revenue <br> Refunding Bonds (Series 2018A), 5.000%, 4/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896884 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **South Carolina—continued** |  |
| $1000000 | South Carolina Jobs-EDA (South Carolina Episcopal Home at Still Hopes), Residential Care Facilities Revenue Bonds <br> (Series 2017), 5.000%, 4/1/2052<br>| $819025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3250419 |
|  | **South Dakota—0.4%** |  |
| &nbsp;&nbsp;&nbsp; 1000000 | Sioux Falls, SD Health Facilities Revenue (Dow Rummel Village), (Series 2017), (Original Issue Yield: 5.050%), <br> 5.000%, 11/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880407 |
| &nbsp;&nbsp;&nbsp; 1000000 | Sioux Falls, SD Health Facilities Revenue (Dow Rummel Village), (Series 2017), (Original Issue Yield: 5.200%), <br> 5.125%, 11/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866705 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1747112 |
|  | **Tennessee—0.1%** |  |
| &nbsp;&nbsp;&nbsp; 1200000 | Blount County, TN Health and Educational Facilities Board (Asbury, Inc.), Revenue Refunding and Improvement Bonds <br> (Series 2016A), 5.000%, 1/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729881 |
|  | **Texas—7.1%** |  |
| &nbsp;&nbsp;&nbsp; 1100000 | Arlington, TX Higher Education Finance Corp. (Uplift Education), Revenue Bonds (Series 2016A), 5.000%, 12/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1104425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Austin, TX Airport System, Airport System Revenue Bonds (Series 2014), 5.000%, 11/15/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | Austin, TX Convention Center Enterprises, Inc., Convention Center Hotel First Tier Revenue Refunding Bonds <br> (Series 2017A), 5.000%, 1/1/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | Austin, TX Convention Center Enterprises, Inc., Convention Center Hotel Second Tier Revenue Refunding Bonds <br> (Series 2017B), 5.000%, 1/1/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245321 |
| &nbsp;&nbsp;&nbsp; 1000000 | Board of Managers, Joint Guadalupe County-City of Seguin, TX, Hospital Mortgage Revenue Refunding & Improvement <br> Bonds (Series 2015), (Original Issue Yield: 5.080%), 5.000%, 12/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970788 |
| &nbsp;&nbsp;&nbsp; 2000000 | Clifton Higher Education Finance Corporation, TX (Idea Public Schools), 6.000%, 8/15/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2030193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Clifton Higher Education Finance Corporation, TX (Idea Public Schools), Education Revenue Bonds (Series 2012), <br> 5.000%, 8/15/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500372 |
| &nbsp;&nbsp;&nbsp; 1000000 | Clifton Higher Education Finance Corporation, TX (Idea Public Schools), Education Revenue Bonds (Series 2022A), <br> (Texas Permanent School Fund Guarantee Program GTD), 4.000%, 8/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982804 |
| &nbsp;&nbsp;&nbsp; 1000000 | Clifton Higher Education Finance Corporation, TX (Idea Public Schools), Revenue Bonds (Series 2014), (Texas Permanent <br> School Fund Guarantee Program GTD), 5.000%, 8/15/2039<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1028439 |
| &nbsp;&nbsp;&nbsp; 2000000 | Clifton Higher Education Finance Corporation, TX (Uplift Education), Revenue Bonds (Series 2015A), 5.000%, 12/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2002100 |
| &nbsp;&nbsp;&nbsp; 1527000 | Decatur, TX Hospital Authority (Wise Regional Health System), Hospital Revenue Bonds (Series 2021C), 4.000%, 9/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1269093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515000 | Decatur, TX Hospital Authority (Wise Regional Health System), Revenue Bonds, (United States Treasury PRF <br> 9/1/2023@100), 6.375%, 9/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528946 |
| &nbsp;&nbsp;&nbsp; 1500000 | Houston, TX Airport System (United Airlines, Inc.), Airport System Special Facilities Revenue Bonds (Series 2021 B-1), <br> 4.000%, 7/15/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1255959 |
| &nbsp;&nbsp;&nbsp; 1500000 | Houston, TX Airport System (United Airlines, Inc.), Special Facilities Revenue & Refunding Bonds (Series 2011), (Original <br> Issue Yield: 6.875%), 6.625%, 7/15/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500424 |
| &nbsp;&nbsp;&nbsp; 2000000 | Lavernia, TX Higher Education Finance Corporation (Meridian World School), Education Revenue Bonds (Series 2015A), <br> (United States Treasury PRF 8/15/2024@100), 5.500%, 8/15/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2089952 |
| &nbsp;&nbsp;&nbsp; 1500000<br><sup>3</sup> <br>| Mission, TX Economic Development Corporation (Natgasoline), Senior Lien Revenue Bonds (Series 2018), (Original Issue <br> Yield: 4.716%), 4.625%, 10/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450784 |
| &nbsp;&nbsp;&nbsp; 1528893 | New Hope Cultural Education Facilities Finance Corporation (Buckingham Senior Living Community), Retirement Facilities <br> Revenue Exchange Bonds (Series 2021B), 2.000%, 11/15/2061<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 703739 |
| &nbsp;&nbsp;&nbsp; 2000000<br><sup>3</sup> <br>| New Hope Cultural Education Facilities Finance Corporation (Jubilee Academic Center), Education Revenue Refunding <br> Bonds (Series 2021), 4.000%, 8/15/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1462581 |
| &nbsp;&nbsp;&nbsp; 2000000 | New Hope Cultural Education Facilities Finance Corporation (Longhorn Village), Retirement Facilities Revenue Bonds <br> (Series 2017), 5.000%, 1/1/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1858107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | New Hope Cultural Education Facilities Finance Corporation (MRC Crestview), Retirement Facility Revenue Bonds <br> (Series 2016), (United States Treasury PRF 11/15/2024@102), 5.000%, 11/15/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741143 |
| &nbsp;&nbsp;&nbsp; 1000000 | New Hope Cultural Education Facilities Finance Corporation (MRC Langford), Retirement Facility Revenue Bonds <br> (Series 2016A), 5.500%, 11/15/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2016A), 5.000%, 1/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335000 | North Texas Tollway Authority, Second Tier Revenue Refunding Bonds (Series 2021B), 4.000%, 1/1/2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323465 |
| &nbsp;&nbsp;&nbsp; 2000000 | Red River, TX HFDC (MRC The Crossings), Retirement Facility Revenue Bonds (Series 2014A), (United States Treasury PRF <br> 11/15/2024@100), 8.000%, 11/15/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2192845 |
| &nbsp;&nbsp;&nbsp; 1000000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White Health Care System), Hospital <br> Revenue Bonds (Series 2022D), 5.500%, 11/15/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1112734 |

---

**11**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Texas—continued** |  |
| $2655000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Buckner Senior Living-Ventana Project), Retirement Facility <br> Revenue Bonds (Series 2017A), (Original Issue Yield: 6.770%), 6.750%, 11/15/2052<br>| $2670027 |
| &nbsp;&nbsp;&nbsp; 1500000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks Project), Retirement Facilities <br> Revenue Bonds (Series 2020A), 6.875%, 11/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1406701 |
| &nbsp;&nbsp;&nbsp; 2000000 | Texas Private Activity Bonds Surface Transportation Corporation (Blueridge Transportation Group, LLC SH 288 Toll Lanes), <br> Senior Lien Revenue Bonds (Series 2016), 5.000%, 12/31/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2010981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545000 | Texas State Transportation Commission (State Highway 249 System), First Tier Toll Revenue Bonds (Series 2019A), <br> 5.000%, 8/1/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546812 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34207200 |
|  | **Utah—0.4%** |  |
| &nbsp;&nbsp;&nbsp; 2000000<br><sup>3</sup> <br>| Utah State Charter School Finance Authority (Freedom Academy Foundation), Charter School Revenue Refunding Bonds <br> (Series 2017), (Original Issue Yield: 5.300%), 5.250%, 6/15/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1925188 |
|  | **Vermont—0.2%** |  |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series 2013) TOBs, 4.625%, Mandatory <br> Tender 4/3/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 968012 |
|  | **Virginia—2.4%** |  |
| &nbsp;&nbsp;&nbsp; 1800000 | Chesapeake Bay Bridge & Tunnel District, VA, First Tier General Resolution Revenue Bonds (Series 2016), <br> 5.000%, 7/1/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1806974 |
| &nbsp;&nbsp;&nbsp; 1500000<br><sup>3</sup> <br>| Embrey Mill Community Development Authority, VA, Special Assessment Revenue Bonds (Series 2015), (United States <br> Treasury PRF 3/1/2025@100), 5.600%, 3/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1585585 |
| &nbsp;&nbsp;&nbsp; 2680000 | Fairfax County, VA, UT GO Bonds (Series 2020), 5.000%, 10/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2999849 |
| &nbsp;&nbsp;&nbsp; 1000000 | Norfolk, VA Redevelopment and Housing Authority (Harbor's Edge), Fort Norfolk Retirement Community Revenue Bond <br> (Series 2019B), 5.250%, 1/1/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 913144 |
| &nbsp;&nbsp;&nbsp; 4250000 | Tobacco Settlement Financing Corp., VA, Tobacco Settlement Asset-Backed Bonds (Series 2007B-1), (Original Issue Yield: <br> 5.120%), 5.000%, 6/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3960501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | Virginia Small Business Financing Authority (Covanta Energy Corp.), Solid Waste Disposal Revenue Bonds (Series 2018) <br> TOBs, 5.000%, Mandatory Tender 7/1/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354149 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11620202 |
|  | **Washington—4.5%** |  |
| &nbsp;&nbsp;&nbsp; 2000000 | Energy Northwest, WA, Columbia Generating Station Electric Revenue Refunding Bonds (Series 2021A), 4.000%, 7/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2005987 |
| &nbsp;&nbsp;&nbsp; 1000000 | Port of Seattle, WA IDC (Delta Air Lines, Inc.), Special Facilities Revenue Refunding Bonds (Series 2012), (Original Issue <br> Yield: 5.310%), 5.000%, 4/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000059 |
| &nbsp;&nbsp; 10000000 | Seattle, WA Municipal Light & Power, Improvement and Refunding Revenue Bonds (Series 2018A), 4.000%, 1/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9726943 |
| &nbsp;&nbsp;&nbsp; 1000000 | Washington State Health Care Facilities Authority (Virginia Mason Medical Center), Revenue Bonds (Series 2017), <br> 5.000%, 8/15/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1016563 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Washington State Housing Finance Commission (Heron's Key Senior Living), Nonprofit Housing Revenue Bonds <br> (Series 2015A), (Original Issue Yield: 7.050%), 7.000%, 7/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091473 |
| &nbsp;&nbsp;&nbsp; 1000000<br><sup>3</sup> <br>| Washington State Housing Finance Commission (Heron's Key Senior Living), Nonprofit Housing Revenue Bonds <br> (Series 2015A), 7.000%, 7/1/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091473 |
| &nbsp;&nbsp;&nbsp; 2500000<br><sup>3</sup> <br>| Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue & <br> Refunding Revenue Bonds (Series 2014A), 7.500%, 1/1/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2508979 |
| &nbsp;&nbsp;&nbsp; 3000000 | Washington State, UT GO Bonds (Series 2022), 5.000%, 2/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3279171 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21720648 |
|  | **Wisconsin—2.7%** |  |
| &nbsp;&nbsp;&nbsp; 2800000<br><sup>3</sup> <br>| Public Finance Authority, WI (American Dream at Meadowlands), Limited Obligation PILOT Revenue Bonds (Series 2017), <br> 7.000%, 12/1/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2328625 |
| &nbsp;&nbsp;&nbsp; 1375000<br><sup>3</sup> <br>| Public Finance Authority, WI (Eno River Academy), Charter School Revenue Bonds (Series 2020A), 5.000%, 6/15/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1204046 |
| &nbsp;&nbsp;&nbsp; 2000000 | Public Finance Authority, WI (Grand Hyatt San Antonio Hotel), Grand Hyatt San Antonio Hotel Acquisition Project <br> (Senior Lien Series 2022A), 5.000%, 2/1/2062<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1811515 |
| &nbsp;&nbsp;&nbsp; 1750000 | Public Finance Authority, WI (Mountain Island Charter School), Education Revenue Refunding Bonds (Series 2017), <br> 5.000%, 7/1/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1706823 |
| &nbsp;&nbsp;&nbsp; 1000000 | Public Finance Authority, WI (National Gypsum Co.), Exempt Facilities Refunding Revenue Bonds (Series 2016), <br> 4.000%, 8/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 846455 |
| &nbsp;&nbsp;&nbsp; 3000000<br><sup>3</sup> <br>| Public Finance Authority, WI (Southminster), Retirement Facilities First Mortgage Revenue Bonds (Series 2018), <br> 5.000%, 10/1/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2461695 |

---

**12**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Wisconsin—continued** |  |
| $1500000 | Public Finance Authority, WI Revenue (Fargo-Moorhead Metropolitan Area Flood Risk Management Project), <br> Senior Revenue Bonds (Series 2021) Green Bonds, 4.000%, 3/31/2056<br>| $1138337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Wisconsin Health & Educational Facilities Authority (ProHealth Care, Inc.), Revenue Refunding Bonds (Series 2015), <br> 5.000%, 8/15/2039<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 808100 |
| &nbsp;&nbsp;&nbsp; 1000000 | Wisconsin Health & Educational Facilities Authority (St. Camillus Health System, Inc.), Revenue Bonds (Series 2019A), <br> 5.000%, 11/1/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844748 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13150344 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MUNICIPAL BONDS<br> (IDENTIFIED COST $509,943,743)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 473638294 |
| <sup>5</sup> <br>| SHORT-TERM MUNICIPALS—0.6% |  |
|  | **Michigan—0.4%** |  |
| &nbsp;&nbsp;&nbsp; 1900000 | Michigan Strategic Fund (Air Products & Chemicals, Inc.), (Series 2007) Daily VRDNs, 1.000%, 12/1/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 |
|  | **Multi State—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Nuveen Municipal Credit Income Fund, PUTTERs 3a-7 (Series 5039) (VMFP Series C) Daily VRDNs, (JPMorgan Chase Bank, <br> N.A. LIQ), 2.080%, 12/1/2022<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 |
|  | **Pennsylvania—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Delaware County, PA IDA (United Parcel Service, Inc.), (Series 2015) Daily VRDNs, (United Parcel Service, Inc. GTD), <br> 1.100%, 12/1/2022<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 |
|  | **Texas—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Gulf Coast, TX Waste Disposal Authority (Exxon Capital Ventures, Inc.), (Series 2002) Daily VRDNs, (Exxon Mobil Corp. <br> GTD), 1.040%, 12/1/2022<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM MUNICIPALS<br> (IDENTIFIED COST $2,800,000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—98.7%<br> (IDENTIFIED COST $512,743,743)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 476438294 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—1.3%<sup>6</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6074286 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL NET ASSETS—100% | $482512580 |

---

Securities that are subject to the federal alternative minimum tax (AMT) represent 10.6% of the Fund's portfolio as calculated based upon total market value.

*Security in default.*

*Non-income-producing security.*

*Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At November 30, 2022, these restricted securities amounted to $60,137,037, which represented 12.5% of total net assets.*

*Zero coupon bond.*

*Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.*

*Assets, other than investments in securities, less liabilities.*

Additional information on restricted securities held at November 30, 2022, is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Security** | &nbsp;&nbsp; **Acquisition**<br> **Date**<br>| **Acquisition**<br> **Cost**<br>| **Value** |
| Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series 2017D), <br> 5.000%, 7/1/2051<br>| 10/12/2017 | $659002  | $589551  |
| Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series 2017G), <br> 5.000%, 7/1/2051<br>| 12/15/2017 | $511283  | $453500  |
| Arizona State IDA (Doral Academy of Nevada FMMR), Education Revenue Bonds (Series 2019A), <br> 5.000%, 7/15/2049<br>| 4/3/2019 | $1031008  | $889637  |
| Arizona State IDA (Pinecrest Academy of Nevada), Horizon, Inspirada and St. Rose Campus Education Revenue <br> Bonds (Series 2018A), 5.750%, 7/15/2048<br>| 12/14/2018 | $1784246  | $1761210  |
| Build NYC Resource Corporation (Albert Einstein School of Medicine, Inc.), Revenue Bonds (Series 2015), <br> 5.500%, 9/1/2045<br>| 1/14/2016 | $1000000  | $1004733  |

---

**13**

------

---

| | | | |
|:---|:---|:---|:---|
| **Security** | &nbsp;&nbsp; **Acquisition**<br> **Date**<br>| **Acquisition**<br> **Cost**<br>| **Value** |
| California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living Revenue Refunding Bonds <br> (Series 2021A), 5.000%, 11/15/2046<br>| 5/27/2021 | $526289  | $422881  |
| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.125%, 7/1/2044 | 6/13/2014 | $750000  | $753865  |
| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.000%, 7/1/2045 | 8/27/2015 | $573184  | $566879  |
| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2017A), 5.000%, 7/1/2047 | 8/4/2017 | $531500  | $501841  |
| California State School Finance Authority Charter School Revenue (Bright Star Schools-Obligated Group), Charter <br> School Revenue Bonds (Series 2017), 5.000%, 6/1/2037<br>| 4/20/2020 | $1006764  | $978814  |
| California State School Finance Authority Charter School Revenue (Rocketship Public Schools), Revenue Bonds <br> (Series 2017G), 5.000%, 6/1/2047<br>| 12/4/2017 | $510279  | $448030  |
| California State School Finance Authority Charter School Revenue (Summit Public Schools Obligated Group), <br> (Series 2017), 5.000%, 6/1/2053<br>| 10/5/2017 | $1148862  | $1088869  |
| California Statewide Communities Development Authority (Loma Linda University Medical Center), Revenue Bonds <br> (Series 2016A), 5.000%, 12/1/2046<br>| 5/19/2020 | $2256926  | $2204431  |
| Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds (Series 2013A), (Original <br> Issue Yield: 8.375%), 8.250%, 5/15/2049<br>| 12/16/2023 | $2959839  | $1920000  |
| Colorado Educational & Cultural Facilities Authority (Loveland Classical School), School Improvement Revenue <br> Bonds (Series 2016), 5.000%, 7/1/2036<br>| 4/17/2020 | $946760  | $937989  |
| Denver, CO Health & Hospital Authority, Revenue Refunding Bonds (Series 2017A), 5.000%, 12/1/2034 | 8/23/2017 | $1057873  | $1035524  |
| Director of the State of Nevada Department of Business and Industry (Doral Academy of Nevada CS), Charter <br> School Revenue Bonds (Series 2017A), 5.000%, 7/15/2047<br>| 8/31/2017 | $913267  | $830612  |
| Director of the State of Nevada Department of Business and Industry (Somerset Academy of Las Vegas), Charter <br> School Lease Revenue Bonds (Series 2018A), 5.000%, 12/15/2038<br>| 11/8/2022 | $936840  | $973905  |
| Embrey Mill Community Development Authority, VA, Special Assessment Revenue Bonds (Series 2015), <br> (United States Treasury PRF 3/1/2025@100), 5.600%, 3/1/2045<br>| 10/22/2015 | $1500000  | $1585585  |
| Florida Development Finance Corp. (Glenridge on Palmer Ranch), Senior Living Revenue and Refunding Bonds <br> (Series 2021), 5.000%, 6/1/2051<br>| 5/13/2021 | $1103745  | $807609  |
| Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue <br> Bonds (Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050<br>| 1/10/2018 | $1976734  | $1395411  |
| Maine State Finance Authority Solid Waste Disposal (Casella Waste Systems, Inc.), Revenue Bonds <br> (Series 2005R-3), 5.250%, 1/1/2025<br>| 1/27/2017 | $2000000  | $2016748  |
| Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2047 | 10/6/2016 | $1023659  | $926657  |
| Massachusetts Development Finance Agency (Newbridge on the Charles), Revenue Refunding Bonds <br> (Series 2017), 5.000%, 10/1/2057<br>| 12/7/2017 | $1048351  | $1012334  |
| Millsboro, DE Special Obligations (Plantation Lakes Special Development District), Special Tax Revenue Refunding <br> Bonds (Series 2018), (Original Issue Yield: 5.140%), 5.125%, 7/1/2038<br>| 5/22/2020 | $2862489  | $2905408  |
| Minneapolis, MN Charter School Lease Revenue (Twin Cities International School), (Series 2017A), (Original Issue <br> Yield: 5.150%), 5.000%, 12/1/2047<br>| 12/8/2017 | $2937032  | $2748084  |
| Mission, TX Economic Development Corporation (Natgasoline), Senior Lien Revenue Bonds (Series 2018), (Original <br> Issue Yield: 4.716%), 4.625%, 10/1/2031<br>| 10/30/2018 | $1490187  | $1450784  |
| Mohegan Tribe of Indians of Connecticut Gaming Authority, Priority Distribution Payment Refunding Bonds <br> (Series 2015C), (Original Issue Yield: 6.375%), 6.250%, 2/1/2030<br>| 11/25/2015 | $1821884  | $1908980  |
| Monroe County, NY IDC (True North Rochester Preparatory Charter School), Charter School Revenue Bonds <br> (Series 2020A), 5.000%, 6/1/2059<br>| 7/9/2020 | $1102790  | $969748  |
| New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue Bonds (Series 20017A), <br> (Original Issue Yield: 6.375%), 6.125%, 7/1/2052<br>| 6/18/2017 | $1047369  | $275480  |
| New Hope Cultural Education Facilities Finance Corporation (Jubilee Academic Center), Education Revenue <br> Refunding Bonds (Series 2021), 4.000%, 8/15/2056<br>| 12/10/2021 | $2172914  | $1462581  |
| New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series 2014 Class 2), <br> 5.375%, 11/15/2040<br>| 10/29/2014 | $1000000  | $1000427  |
| Ohio Air Quality Development Authority (AMG Vanadium LLC), Exempt Facilities Revenue Bonds (Series 2019), <br> 5.000%, 7/1/2049<br>| 6/27/2019 | $1873656  | $1658480  |
| Pima County, AZ Industrial Development Authority (La Posada at Pusch Ridge), Senior Living Revenue Bonds <br> (Series 2022A), 6.250%, 11/15/2035<br>| 10/6/2022 | $1000000  | $1026784  |
| Pima County, AZ Industrial Development Authority (La Posada at Pusch Ridge), Senior Living Revenue Bonds <br> (Series 2022A), 7.000%, 11/15/2057<br>| 10/6/2022 | $1000000  | $1025868  |
| Polk County, FL IDA (Mineral Development, LLC), Secondary Phosphate Tailings Recovery Project Revenue Bonds <br> (Series 2020), 5.875%, 1/1/2033<br>| 10/23/2020 | $2000000  | $1999132  |

---

**14**

------

---

| | | | |
|:---|:---|:---|:---|
| **Security** | &nbsp;&nbsp; **Acquisition**<br> **Date**<br>| **Acquisition**<br> **Cost**<br>| **Value** |
| Prince Georges County, MD (Westphalia Town Center), Special Obligation Revenue Bonds (Series 2018), (Original <br> Issue Yield: 5.330%), 5.250%, 7/1/2048<br>| 11/16/2018 | $988846  | $962259  |
| Public Finance Authority, WI (American Dream at Meadowlands), Limited Obligation PILOT Revenue Bonds <br> (Series 2017), 7.000%, 12/1/2050<br>| 6/22/2017 | $2843954  | $2328625  |
| Public Finance Authority, WI (Eno River Academy), Charter School Revenue Bonds (Series 2020A), <br> 5.000%, 6/15/2054<br>| 6/12/2020 | $1403531  | $1204046  |
| Public Finance Authority, WI (Southminster), Retirement Facilities First Mortgage Revenue Bonds (Series 2018), <br> 5.000%, 10/1/2053<br>| 11/15/2022 | $2416980  | $2461695  |
| San Francisco Special Tax District No. 2020-1 (Mission Rock Facilities and Services), Development Special Tax <br> Bonds (Series 2021A), 4.000%, 9/1/2051<br>| 5/7/2021 | $372692  | $273011  |
| South Carolina Jobs-EDA (Green Charter Schools), Educational Facilities Revenue Refunding Bonds (Series 2021A), <br> 4.000%, 6/1/2056<br>| 7/30/2021 | $1059772  | $698466  |
| Tuscaloosa County, AL IDA (Hunt Refining Co.), Gulf Opportunity Zone Refunding Bonds (Series 2019A), <br> 5.250%, 5/1/2044<br>| 4/17/2019 | $790000  | $653659  |
| Utah State Charter School Finance Authority (Freedom Academy Foundation), Charter School Revenue Refunding <br> Bonds (Series 2017), (Original Issue Yield: 5.300%), 5.250%, 6/15/2037<br>| 4/27/2020 | $1866115  | $1925188  |
| Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series 2013) TOBs, 4.625%, <br> Mandatory Tender 4/3/2028<br>| 3/28/2018 | $1000000  | $968012  |
| Verrado Community Facilities District No. 1, AZ, District GO Refunding Bonds (Series 2013A), 6.000%, 7/15/2027 | 7/3/2013 | $431428  | $431780  |
| Washington State Housing Finance Commission (Heron's Key Senior Living), Nonprofit Housing Revenue Bonds <br> (Series 2015A), (Original Issue Yield: 7.050%), 7.000%, 7/1/2050<br>| 7/22/2015 | $993864  | $1091473  |
| Washington State Housing Finance Commission (Heron's Key Senior Living), Nonprofit Housing Revenue Bonds <br> (Series 2015A), 7.000%, 7/1/2045<br>| 7/22/2015 | $1003466  | $1091473  |
| Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue <br> & Refunding Revenue Bonds (Series 2014A), 7.500%, 1/1/2049<br>| 1/31/2014 | $2500000  | $2508979 |

---

Note: The categories of investments are shown as a percentage of total net assets at November 30, 2022.

**Investment Valuation**

In calculating its net asset value (NAV), the Fund generally values investments as follows:

◾ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

◾ Shares of other mutual funds or nonexchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

◾ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

◾ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

◾ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation Procedures**

Pursuant to Rule 2a-5 under the Investment Company Act, the Fund's Board of Trustees (the "Trustees") have designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

**15**

------

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of November 30, 2022, all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.

The following acronym(s) are used throughout this portfolio:

---

| | |
|:---|:---|
| CDD | —Community Development District |
| EDA | —Economic Development Authority |
| GO | —General Obligation |
| GTD | —Guaranteed |
| HFDC | —Health Facility Development Corporation |
| IDA | —Industrial Development Authority |
| IDC | —Industrial Development Corporation |
| INS | —Insured |
| LIQ | —Liquidity Agreement |
| LT | —Limited Tax |
| PILOT | —Payment in Lieu of Taxes |
| PRF | —Pre-refunded |
| PUTTERs | —Puttable Tax-Exempt Receipts |
| TOBs | —Tender Option Bonds |
| USD | —Unified School District |
| UT | —Unlimited Tax |
| VRDNs | —Variable Rate Demand Notes |

---

**16**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Municipal Securities Income Trust

- **b. Investment Company Act file number:** 811-06165

- **c. CIK number of Registrant:** 0000866700

- **d. LEI of Registrant:** 254900RAQHES8ITD1U55

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Municipal High Yield Advantage Fund

- **b. EDGAR series identifier (if any):** S000012747

- **c. LEI of Series:** 549300HL3E2CQPWLHH76

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $485481602.61

**Total Liabilities:** $3329925.33

**Net Assets:** $482151677.28

**Delayed Delivery Securities:** $994200.00

**Cash Not Reported:** $189143.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -474.632474900000 | **1-Year:** -8677.450275200000 | **5-Year:** -37880.462695700000 | **10-Year:** -76171.847990700000 | **30-Year:** -27451.938417400000

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

- **3-Month:** -422.884225000000 | **1-Year:** -10350.434554300000 | **5-Year:** -39119.547146800000 | **10-Year:** -79772.609850700000 | **30-Year:** -41476.727559000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034361 | -5.37%               | -1.78%               | 5.53%                |
| Class ID C000034362 | -5.45%               | -1.71%               | 5.34%                |
| Class ID C000034363 | -5.44%               | -1.84%               | 5.47%                |
| Class ID C000034364 | -5.50%               | -1.65%               | 5.53%                |
| Class ID C000130166 | -5.37%               | -1.63%               | 5.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1159387.09             | $-28636354.09                              |
| Month 2  | $-2043770.52             | $-8309904.63                               |
| Month 3  | $-2464296.88             | $26509801.00                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHESTER CNTY PA INDL DEV AUTH    | CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                         | CUSIP: 165588DQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1198567.20   | 0.25%             | 2047-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R   | LT RANCH CDD FL CA 4 5/50                                               | CUSIP: 54912EAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1429234.90   | 0.30%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE   | SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY                      | CUSIP: 83704CAF5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $819025.30    | 0.17%             | 2052-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                | CUSIP: 650116FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987612.70    | 0.20%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP    | LAKEWOOD RANCH STEWARDSHIP DISTRICT                                     | CUSIP: 51265KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1121683.55   | 0.23%             | 2046-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81   | LAS VEGAS SPECIAL IMPROVEMENT DISTRICT NO 812                           | CUSIP: 517784AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $927942.24    | 0.19%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP REVEN   | MISSION ECON DEV-AMT                                                    | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1450784.40   | 0.30%             | 2031-10-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TOLOMATO FL CDD                  | TOLOMATO COMMUNITY DEVELOPMENT DISTRICT                                 | CUSIP: 889560BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $1.90         | 0.00%             | 2040-05-01      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| CLAIRTON PA MUNI AUTH SWR REVE   | CLAIRTON MUNICIPAL AUTHORITY                                            | CUSIP: 179630CV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000506.60   | 0.21%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DECATUR TX HOSP AUTH             | Decatur Hospital Authority                                              | CUSIP: 243323CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1527000 | PA      | $1269092.91   | 0.26%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN   | Industrial Development Authority of the County of Pima/The              | CUSIP: 72178AAJ1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025868.20   | 0.21%             | 2057-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR   | Florida Development Finance Corp                                        | CUSIP: 34061WBN3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $677438.00    | 0.14%             | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA   | CITY OF MINNEAPOLIS MN                                                  | CUSIP: 60375CAW4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2748083.40   | 0.57%             | 2047-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA   | WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY                     | CUSIP: 97712DKQ8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    800000 | PA      | $808100.16    | 0.17%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                | CUSIP: 57584XJG7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033431.80   | 0.42%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU   | LOUISIANA PUBLIC FACILITIES AUTHORITY                                   | CUSIP: 546399DV5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    970000 | PA      | $986311.81    | 0.20%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH    | CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                         | CUSIP: 165588DR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $791578.72    | 0.16%             | 2051-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIERA STEWARDSHIP DIST FL SPL    | Viera Stewardship District                                              | CUSIP: 92670TAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1138741.95   | 0.24%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SENIOR LIVING   | IOWA FINANCE AUTHORITY                                                  | CUSIP: 46247CBG3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    898697 | PA      | $936332.81    | 0.19%             | 2046-11-15      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS NY TOBACCO TRUS   | NEW YORK COUNTIES TOBACCO TRUST VI                                      | CUSIP: 64945JAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923063.60    | 0.19%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                  | TOLOMATO COMMUNITY DEVELOPMENT DISTRICT                                 | CUSIP: 889560BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $153535.90    | 0.03%             | 2040-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A   | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                              | CUSIP: 544445CZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $866672.67    | 0.18%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU   | Texas Private Activity Bond Surface Transportation Corp                 | CUSIP: 882667AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010980.80   | 0.42%             | 2050-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR   | TULSA COUNTY INDUSTRIAL AUTHORITY                                       | CUSIP: 899530BA6<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1745320.15   | 0.36%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV   | Colorado Health Facilities Authority                                    | CUSIP: 19648FVF8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158750.20   | 0.24%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU   | LOUISIANA PUBLIC FACILITIES AUTHORITY                                   | CUSIP: 546399DE3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32069.39     | 0.01%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE   | New Jersey Economic Development Authority                               | CUSIP: 64577B5F7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511674.30    | 0.11%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R   | Arizona Industrial Development Authority                                | CUSIP: 04052BHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1761209.98   | 0.37%             | 2048-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A   | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                              | CUSIP: 544445SY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544823.30   | 0.32%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARBORWOOD FL CDD CAPITAL IMPT    | ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT                                | CUSIP: 038926AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $129764.30    | 0.03%             | 2036-05-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| WSTRN RIVERSIDE CA WTR & WSTWT   | WESTERN RIVERSIDE WATER & WASTEWATER FINANCING AUTHORITY                | CUSIP: 95942TFN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1038129.64   | 0.22%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE HLTH & HGR EDUCTNL FACS    | MAINE HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                  | CUSIP: 56042RFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000673.80   | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERRADO AZ CMNTY FACS DIST #1    | VERRADO COMMUNITY FACILITIES DISTRICT NO 1                              | CUSIP: 92511QBB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $431780.03    | 0.09%             | 2027-07-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN   | M-S-R ENERGY AUTHORITY                                                  | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $3090908.00   | 0.64%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP    | Lakewood Ranch Stewardship District                                     | CUSIP: 51265KEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $580118.78    | 0.12%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPE GIRARDEAU CNTY MO INDL DE   | Cape Girardeau County Industrial Development Authority                  | CUSIP: 139404HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $336549.60    | 0.07%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH SOLID   | VERMONT ECONOMIC DEVELOPMENT AUTHORITY                                  | CUSIP: 924157AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968012.10    | 0.20%             | 2036-04-01      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP ECON   | MARYLAND ECONOMIC DEVELOPMENT CORP                                      | CUSIP: 57420NCC3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    450000 | PA      | $467270.33    | 0.10%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX             | CITY OF ROSEVILLE CA                                                    | CUSIP: 777870XW1<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044234.00   | 0.22%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE    | COUNTY OF CUYAHOGA OH                                                   | CUSIP: 2322655V6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013538.80   | 0.21%             | 2057-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING    | PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                   | CUSIP: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254807.38   | 0.26%             | 2038-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN   | VIRGINIA SMALL BUSINESS FINANCING AUTHORITY                             | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $354148.83    | 0.07%             | 2048-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLYNS REACH CO MET DIST #3     | TALLYNS REACH METROPOLITAN DISTRICT NO 3                                | CUSIP: 87482MBB0<br>LEI: 5493001U1VNJPWBNSN91 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1052395.08   | 0.22%             | 2038-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE    | Parish of St James LA                                                   | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066145.00   | 0.22%             | 2038-06-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN   | California Public Finance Authority                                     | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $422881.35    | 0.09%             | 2046-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BLOUNT CNTY TN HLTH & EDUCTNL    | BLOUNT COUNTY HEALTH & EDUCATIONAL FACILITIES BOARD                     | CUSIP: 094900BG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $729881.16    | 0.15%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POLK CNTY FL INDL DEV AUTH       | Polk County Industrial Development Authority                            | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999132.20   | 0.41%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GLEN COVE NY LOCAL ECON ASSIST   | GLEN COVE LOCAL ECONOMIC ASSISTANCE CORP                                | CUSIP: 377450AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1204831.50   | 0.25%             | 2045-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE         | DISTRICT OF COLUMBIA                                                    | CUSIP: 25483VQY3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997539.10    | 0.21%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY N W WA ELEC REVENUE       | Energy Northwest                                                        | CUSIP: 29270C4L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005987.00   | 0.42%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT    | Buckeye Tobacco Settlement Financing Authority                          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10700000 | PA      | $9803625.69   | 2.03%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED   | CLIFTON HIGHER EDUCATION FINANCE CORP                                   | CUSIP: 187145BJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500372.20    | 0.10%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN GROVE CMNTY DEV DIST    | Southern Groves Community Development District No 5                     | CUSIP: 843021AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $480297.17    | 0.10%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALOMAR HLTH CA REVENUE          | PALOMAR HEALTH                                                          | CUSIP: 697528AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006930.00   | 0.21%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH               | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2402356.50   | 0.50%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE   | PUBLIC FINANCE AUTHORITY                                                | CUSIP: 74442ECB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1706823.30   | 0.35%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EMBREY MILL VA CMNTY DEV AUTHS   | EMBREY MILL COMMUNITY DEVELOPMENT AUTHORITY                             | CUSIP: 29081TAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1585585.35   | 0.33%             | 2045-03-01      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E   | OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                  | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $880734.70    | 0.18%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANNING LEWIS RANCH MET DIST N   | BANNING LEWIS 5.75 12/48                                                | CUSIP: 066637AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984097.70    | 0.20%             | 2048-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DU PAGE CNTY IL SPL SVC AREA #   | DU PAGE COUNTY SPECIAL SERVICE AREA NO 31                               | CUSIP: 26350TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    314000 | PA      | $304269.20    | 0.06%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALTA LAKES CMNTY DEV DIST FL S   | Alta Lakes Community Development District                               | CUSIP: 021304AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1081351.97   | 0.22%             | 2049-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU   | Idaho Health Facilities Authority                                       | CUSIP: 451295B24<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    490000 | PA      | $452887.45    | 0.09%             | 2028-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP    | LAKEWOOD RANCH STEWARDSHIP DISTRICT                                     | CUSIP: 51265KAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914490.00    | 0.19%             | 2045-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HOGBACK MET DIST CO              | Hogback Metropolitan District                                           | CUSIP: 434610AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $984320.30    | 0.20%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                | CUSIP: 650116CM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011578.30   | 0.21%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED   | Clifton Higher Education Finance Corp                                   | CUSIP: 187145QF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982803.80    | 0.20%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALCASIEU PARISH LA MEMORIAL H   | Calcasieu Parish Memorial Hospital Service District                     | CUSIP: 128423EY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012213.00   | 0.21%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                       | CUSIP: 452153DA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053661.70   | 0.22%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA   | CALIFORNIA SCHOOL FINANCE AUTHORITY                                     | CUSIP: 13059TAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $753864.60    | 0.16%             | 2044-07-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| XENIA IA RURAL WTR DIST          | XENIA RURAL WATER DISTRICT                                              | CUSIP: 98410ADE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1153722.97   | 0.24%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL    | METROPOLITAN PIER & EXPOSITION AUTHORITY                                | CUSIP: 592250CK8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $320197.60    | 0.07%             | 2056-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH MT   | NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                               | CUSIP: 64578JBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1333826.94   | 0.28%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH   | Seminole County Industrial Development Authority                        | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1047376.00   | 0.22%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                     | TSASC INC/NY                                                            | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011548.40   | 0.21%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA INDL DEV AUTH   | Delaware County Industrial Development Authority/PA                     | CUSIP: 245903AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.04%             | 2045-09-01      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH EDU REVEN   | ILLINOIS FINANCE AUTHORITY                                              | CUSIP: 45203ACQ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275370.75   | 0.26%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI   | Golden State Tobacco Securitization Corp                                | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $536035.00    | 0.11%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A   | California Health Facilities Financing Authority                        | CUSIP: 13032UB49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4748665.51   | 0.98%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV   | Colorado Health Facilities Authority                                    | CUSIP: 19648FVH4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2661591.25   | 0.55%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE   | South Carolina Jobs-Economic Development Authority                      | CUSIP: 83704CAX6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896883.80    | 0.19%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU            | CHICAGO BOARD OF EDUCATION                                              | CUSIP: 167505RM0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3586938.96   | 0.74%             | 2046-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                  | Tolomato Community Development District                                 | CUSIP: 889560DX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $803194.47    | 0.17%             | 2040-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH               | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $833142.90    | 0.17%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | STATE OF ILLINOIS                                                       | CUSIP: 452152TC5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2035780.49   | 0.42%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DECATUR TX HOSP AUTH             | DECATUR HOSPITAL AUTHORITY                                              | CUSIP: 243323BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $528945.69    | 0.11%             | 2042-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI   | WASHINGTON STATE HOUSING FINANCE COMMISSION                             | CUSIP: 939783RX6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508979.25   | 0.52%             | 2049-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG           | CITY OF BALTIMORE MD                                                    | CUSIP: 05923TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $953547.06    | 0.20%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL CONVENTION CTR   | County of Broward FL Convention Center Hotel Revenue                    | CUSIP: 115012AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3333565.50   | 0.69%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | NEW YORK TRANSPORTATION DEVELOPMENT CORP                                | CUSIP: 650110AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $810393.70    | 0.17%             | 2053-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                  | Tolomato Community Development District                                 | CUSIP: 889560DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907585.60    | 0.19%             | 2037-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R   | State of Connecticut Special Tax Revenue                                | CUSIP: 207758YN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1630835.25   | 0.34%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KIRKWOOD MO INDL DEV AUTH RETM   | KIRKWOOD INDUSTRIAL DEVELOPMENT AUTHORITY                               | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $822217.60    | 0.17%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR   | CALIFORNIA SCHOOL FINANCE AUTHORITY                                     | CUSIP: 13058TFT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1088868.99   | 0.23%             | 2053-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION    | Texas Transportation Commission                                         | CUSIP: 88283NAZ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    545000 | PA      | $546812.29    | 0.11%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR    | Puerto Rico Electric Power Authority                                    | CUSIP: 74526QZY1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    995000 | PA      | $731325.00    | 0.15%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| IRVINE CA IMPT BOND ACT 1915     | CITY OF IRVINE CA                                                       | CUSIP: 46360RPY7<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    365000 | PA      | $370716.19    | 0.08%             | 2029-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIOUX FALLS SD HLTH FACS REVEN   | CITY OF SIOUX FALLS SD                                                  | CUSIP: 829566CS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $866705.20    | 0.18%             | 2047-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #61   | City of Las Vegas NV Special Improvement District No 611                | CUSIP: 51778CAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $632843.77    | 0.13%             | 2050-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH CHRT   | Delaware State Economic Development Authority                           | CUSIP: 246372AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1685983.40   | 0.35%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN CONVENTION ENTERPRISES    | AUSTIN CONVENTION ENTERPRISES INC                                       | CUSIP: 052409EG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245321.40    | 0.05%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                       | CUSIP: 4521523C3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3145570.20   | 0.65%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE     | MICHIGAN FINANCE AUTHORITY                                              | CUSIP: 59447PYU9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005338.00   | 0.42%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINONA MN PORT AUTH CHRT SCH L   | WINONA PORT AUTHORITY                                                   | CUSIP: 975243AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $594512.85    | 0.12%             | 2046-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROCKDALE CNTY GA DEV AUTH        | ROCKDALE COUNTY DEVELOPMENT AUTHORITY                                   | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $451409.85    | 0.09%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR   | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6764000 | PA      | $1264274.12   | 0.26%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM   | Arkansas Development Finance Authority                                  | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1237170.25   | 0.26%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A   | WASHINGTON HEALTH CARE FACILITIES AUTHORITY                             | CUSIP: 93978HSR7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016562.40   | 0.21%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FINC   | TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1528893 | PA      | $703739.20    | 0.15%             | 2061-11-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH   | MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                        | CUSIP: 56681NAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926657.40    | 0.19%             | 2047-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR   | Florida Development Finance Corp                                        | CUSIP: 34061WAY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $807608.80    | 0.17%             | 2051-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR    | Puerto Rico Electric Power Authority                                    | CUSIP: 74526QA77<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    310000 | PA      | $234825.00    | 0.05%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN   | Industrial Development Authority of the County of Pima/The              | CUSIP: 72178AAF9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026783.60   | 0.21%             | 2035-11-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R   | Arizona Industrial Development Authority                                | CUSIP: 04052BHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889637.10    | 0.18%             | 2049-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SIOUX FALLS SD HLTH FACS REVEN   | CITY OF SIOUX FALLS SD                                                  | CUSIP: 829566CR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $880407.10    | 0.18%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB   | Iowa Tobacco Settlement Authority                                       | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $471620.33    | 0.10%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT   | CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY                            | CUSIP: 179027YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $334911.28    | 0.07%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE PUTTERS 09/23 1 | JPMorgan Chase Putters/Drivers Trust                                    | CUSIP: 46640KA46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.10%             | 2023-09-01      | Floating      | 2.08%                 | No            |                  2 | On Loan: No      |
| REUNION E FL CDD SPL ASSMNT      | REUNION EAST COMMUNITY DEVELOPMENT DISTRICT                             | CUSIP: 761311AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $1.45         | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE     | MICHIGAN FINANCE AUTHORITY                                              | CUSIP: 59447PH20<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022356.60   | 0.21%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE      | CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                               | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500424.50   | 0.31%             | 2038-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA CMNTY FACS DIST   | ORANGE COUNTY COMMUNITY FACILITIES DISTRICT                             | CUSIP: 68423PXA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1570159.23   | 0.33%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST DEV AUTH ARPT F   | CONNECTICUT STATE DEVELOPMENT AUTHORITY                                 | CUSIP: 207907AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999863.10    | 0.21%             | 2026-04-01      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED   | CLIFTON HIGHER EDUCATION FINANCE CORP                                   | CUSIP: 187145CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030193.60   | 0.42%             | 2043-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                    | State of New Jersey                                                     | CUSIP: 646039YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $793374.60    | 0.16%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVER LANDING CDD FL CAP IMPT    | River Landing Community Development District                            | CUSIP: 76828JAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $919175.63    | 0.19%             | 2051-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA   | CALIFORNIA SCHOOL FINANCE AUTHORITY                                     | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501840.55    | 0.10%             | 2047-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV   | Colorado Health Facilities Authority                                    | CUSIP: 19648FAY0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1435496.55   | 0.30%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA   | NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY ACT             | CUSIP: 64461XBH7<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1252180 | PA      | $275479.59    | 0.06%             | 2052-07-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT   | Utah Charter School Finance Authority                                   | CUSIP: 91754TUW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1925187.60   | 0.40%             | 2037-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HUNTSVILLE-REDSTONE VLY AL SPL   | HUNTSVILLE-REDSTONE VILLAGE SPECIAL CARE FACILITIES FINANCING AUTHORITY | CUSIP: 447297AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $952500.00    | 0.20%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH   | Lee County Industrial Development Authority/FL                          | CUSIP: 52349EEL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $859918.40    | 0.18%             | 2057-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE             | STATE OF OHIO                                                           | CUSIP: 67756CCU0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1142368.76   | 0.24%             | 2041-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUSKINGUM CNTY OH HOSP FACS      | COUNTY OF MUSKINGUM OH                                                  | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1892337.20   | 0.39%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD SPL OBL   | PRINCE GEORGES SPL                                                      | CUSIP: 74172RBQ9<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962259.00    | 0.20%             | 2048-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA ST                    | State of California                                                     | CUSIP: 13063DS90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1020462.03   | 0.21%             | 2047-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR    | Puerto Rico Electric Power Authority                                    | CUSIP: 74526QA85<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    195000 | PA      | $147712.50    | 0.03%             | 2040-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP   | NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                               | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2507108.25   | 0.52%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY INDL DEV AUTH EX   | Maricopa County Industrial Development Authority                        | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $796818.90    | 0.17%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A   | Metropolitan Washington Airports Authority                              | CUSIP: 592647GL9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3122537.10   | 0.65%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE   | New Jersey Economic Development Authority                               | CUSIP: 64577XAF3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3139963.68   | 0.65%             | 2040-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT   | CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY                            | CUSIP: 179027YB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $411688.55    | 0.09%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA MUNI LIGHT & PWR RE   | City of Seattle WA Municipal Light & Power Revenue                      | CUSIP: 812643SA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9726943.00   | 2.02%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAYTOWN TWP MN LEASE             | TOWNSHIP OF BAYTOWN MN                                                  | CUSIP: 073225AY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $866782.84    | 0.18%             | 2046-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARTISAN LAKES EAST CDD FL CAPI   | Artisan Lakes East Community Development District                       | CUSIP: 04316FAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $345881.25    | 0.07%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV CORP C   | Monroe County Industrial Development Corp/NY                            | CUSIP: 61075YAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969748.40    | 0.20%             | 2059-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| RIVERS EDGE III CDD FL CAPITAL   | Rivers Edge III Community Development District                          | CUSIP: 76882NAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $692146.80    | 0.14%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEO L SMITH II GA CONGRESS CTR   | George L Smith II Congress Center Authority                             | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $837121.43    | 0.17%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED   | CLIFTON HIGHER EDUCATION FINANCE CORP                                   | CUSIP: 187145DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028439.00   | 0.21%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR   | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11340000 | PA      | $10731163.34  | 2.23%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU            | CHICAGO BOARD OF EDUCATION                                              | CUSIP: 167505UX2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008173.30   | 0.21%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORONA-NORCO CA UNIF SCH DIST    | CORONA-NORCO UNIFIED SCHOOL DISTRICT                                    | CUSIP: 219766LD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509427.80    | 0.11%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R   | INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX/THE             | CUSIP: 71885FDK0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505361.45   | 0.31%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR   | California School Finance Authority                                     | CUSIP: 13058TGD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978814.10    | 0.20%             | 2037-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IRVINE CA IMPT BOND ACT 1915     | CITY OF IRVINE CA                                                       | CUSIP: 46360RQM2<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |     95000 | PA      | $96497.78     | 0.02%             | 2028-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA   | Chicago O'Hare International Airport                                    | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052082.10   | 0.22%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKVILLE MD MAYOR & COUNCIL E   | City of Rockville MD                                                    | CUSIP: 774223BV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $888889.70    | 0.18%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO   | New York State Dormitory Authority                                      | CUSIP: 64990FX66<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1415841.45   | 0.29%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLATTE VLY CO MET DIST    | CENTRAL PLATTE VALLEY METROPOLITAN DISTRICT                             | CUSIP: 154876AX4<br>LEI: 5493008TIE8XL32HT863 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056235.60   | 0.43%             | 2038-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R   | CITY OF PHILADELPHIA PA WATER & WASTEWATER REVENUE                      | CUSIP: 717893D24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035675.20   | 0.21%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR   | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5469643.80   | 1.13%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE   | California Municipal Finance Authority                                  | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021938.20   | 0.42%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE     | New Hampshire Business Finance Authority                                | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $80824.24     | 0.02%             | 2045-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN    | NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | CUSIP: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $841116.00    | 0.17%             | 2046-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                    | State of Washington                                                     | CUSIP: 93974EVP8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3279170.70   | 0.68%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F   | Tarrant County Cultural Education Facilities Finance Corp               | CUSIP: 87638QSD2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112733.90   | 0.23%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB   | Iowa Tobacco Settlement Authority                                       | CUSIP: 888805CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2468191.57   | 0.51%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH EDUCTNL F   | ILLINOIS FINANCE AUTHORITY                                              | CUSIP: 452029AD3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1106686.90   | 0.23%             | 2045-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BAYTOWN TWP MN LEASE             | TOWNSHIP OF BAYTOWN MN                                                  | CUSIP: 073225AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $596784.75    | 0.12%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE   | Public Finance Authority                                                | CUSIP: 744396FN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1204046.39   | 0.25%             | 2054-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY D   | City & County of San Francisco CA Special Tax District No 2020-1        | CUSIP: 79771HAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $273010.51    | 0.06%             | 2051-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA   | Wisconsin Health & Educational Facilities Authority                     | CUSIP: 97712D4C7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $844747.90    | 0.18%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU   | ALASKA INDUSTRIAL DEVELOPMENT & EXPORT AUTHORITY                        | CUSIP: 01170MAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $2600.00      | 0.00%             | 2036-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE     | MICHIGAN FINANCE AUTHORITY                                              | CUSIP: 59447PA27<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025613.90   | 0.21%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU            | CHICAGO BOARD OF EDUCATION                                              | CUSIP: 167505UW4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008461.70   | 0.21%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR   | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3644817.60   | 0.76%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IRVINE CA IMPT BOND ACT 1915     | CITY OF IRVINE CA                                                       | CUSIP: 46360RPZ4<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    180000 | PA      | $182777.81    | 0.04%             | 2030-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L   | NEW YORK LIBERTY DEVELOPMENT CORP                                       | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000427.50   | 0.21%             | 2040-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| NEWARK NJ MASS TRANSIT ACCESS    | City of Newark NJ Mass Transit Access Tax Revenue                       | CUSIP: 650360AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117080.60   | 0.23%             | 2062-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA   | Iowa Finance Authority                                                  | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1349868.81   | 0.28%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN CONVENTION ENTERPRISES    | AUSTIN CONVENTION ENTERPRISES INC                                       | CUSIP: 052409DR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254285.60    | 0.05%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | STATE OF ILLINOIS                                                       | CUSIP: 452152VM0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003633.60   | 0.21%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R   | Tobacco Settlement Financing Corp/RI                                    | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2733926.56   | 0.57%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NIAGARA NY AREA DEV CORP SOLID   | NIAGARA AREA DEVELOPMENT CORP                                           | CUSIP: 653542AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900920.70    | 0.19%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST    | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061549.10   | 0.22%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R   | ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                | CUSIP: 04052BCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $589550.72    | 0.12%             | 2051-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE    | COUNTY OF JEFFERSON AL SEWER REVENUE                                    | CUSIP: 472682QL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061882.00   | 0.43%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                    | State of California                                                     | CUSIP: 13063DP51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1436376.80   | 0.30%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R   | INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX/THE             | CUSIP: 71885FEJ2<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003606.60   | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RED RIVER TX HLTH FACS DEV COR   | RED RIVER HEALTH FACILITIES DEVELOPMENT CORP                            | CUSIP: 75687DAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2192845.20   | 0.45%             | 2049-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | STATE OF ILLINOIS                                                       | CUSIP: 452152RU7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003569.80   | 0.42%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MILLSBORO DE SPL OBLG            | MILLSBORO SPL 5.125 7/38                                                | CUSIP: 601266AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2905407.60   | 0.60%             | 2038-07-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                       | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8341897.60   | 1.73%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALAVERA CDD FL CAPITAL IMPT R   | TALAVERA CDD 4.5 5/50                                                   | CUSIP: 87410PAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $651993.57    | 0.14%             | 2050-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU   | Colorado Educational & Cultural Facilities Authority                    | CUSIP: 19645UGH1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $380228.35    | 0.08%             | 2061-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WINDWARD AT LAKEWOOD RANCH CDD   | Windward at Lakewood Ranch Community Development District               | CUSIP: 97382EAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1082794.59   | 0.22%             | 2052-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE         | DISTRICT OF COLUMBIA                                                    | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $831172.80    | 0.17%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU            | Chicago Board of Education                                              | CUSIP: 167505UZ7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2749995.33   | 0.57%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R   | LT Ranch Community Development District                                 | CUSIP: 54912EAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001365.10   | 0.21%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| KALISPELL MT HSG & HLTHCARE FA   | CITY OF KALISPELL MT                                                    | CUSIP: 48342YAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1128907.37   | 0.23%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STEEL POINT INFRASTRUCTURE IMP   | Steel Point Infrastructure Improvement District                         | CUSIP: 85814YAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1189641.00   | 0.25%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL    | PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                       | CUSIP: 717824AL0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    725000 | PA      | $739736.71    | 0.15%             | 2035-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN   | New Hope Cultural Education Facilities Finance Corp                     | CUSIP: 64542QCK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1462580.60   | 0.30%             | 2056-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE   | New Jersey Economic Development Authority                               | CUSIP: 64577XAC0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    180000 | PA      | $191582.12    | 0.04%             | 2040-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL   | Colorado Educational & Cultural Facilities Authority                    | CUSIP: 19645RY54<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937988.50    | 0.19%             | 2036-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV   | Colorado Health Facilities Authority                                    | CUSIP: 19648FSH8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4589913.00   | 0.95%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971XQM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479265.60    | 0.10%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED   | CLIFTON HIGHER EDUCATION FINANCE CORP                                   | CUSIP: 187145DG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002100.00   | 0.42%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURPOSE AUT   | Lehigh County General Purpose Authority                                 | CUSIP: 52480EAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2485547.40   | 0.52%             | 2057-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN   | PUBLIC AUTHORITY FOR COLORADO ENERGY                                    | CUSIP: 744387AC5<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139280.20   | 0.44%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA   | CITY OF FOREST LAKE MN                                                  | CUSIP: 345856AJ7<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1704116.38   | 0.35%             | 2044-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP ECON   | MARYLAND ECONOMIC DEVELOPMENT CORP                                      | CUSIP: 57420NBZ3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210232.00    | 0.04%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLATTE VLY CO MET DIST    | CENTRAL PLATTE VALLEY METROPOLITAN DISTRICT                             | CUSIP: 154876AY2<br>LEI: 5493008TIE8XL32HT863 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1289477.13   | 0.27%             | 2038-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KALISPELL MT HSG & HLTHCARE FA   | CITY OF KALISPELL MT                                                    | CUSIP: 48342YAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $739415.16    | 0.15%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                | CUSIP: 650116EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1588822.56   | 0.33%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH SOL WST DISP   | FINANCE AUTHORITY OF MAINE                                              | CUSIP: 56042CAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016748.00   | 0.42%             | 2025-01-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NASSAU CNTY NY INDL DEV AGY CC   | Nassau County Industrial Development Agency                             | CUSIP: 63166UAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365028 | PA      | $670533.97    | 0.14%             | 2058-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PLYMOUTH MI EDUCTNL CENTER CHR   | PLYMOUTH EDUCATIONAL CENTER CHARTER SCHOOL                              | CUSIP: 729693AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $915000.00    | 0.19%             | 2035-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE      | City of Houston TX Airport System Revenue                               | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1255958.85   | 0.26%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKS CNTY PA INDL DEV AUTH      | BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | CUSIP: 118612MC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030339.60   | 0.42%             | 2046-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH    | KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                         | CUSIP: 49126PFG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $820678.90    | 0.17%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                       | City of Detroit MI                                                      | CUSIP: 2510934Q0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019557.90   | 0.21%             | 2050-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIDTOWN MIAMI FL CDD SPL ASSMN   | MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT                            | CUSIP: 59807PAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $730746.36    | 0.15%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLLIER CNTY FLA INDL DEV AUTH   | COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                         | CUSIP: 194638AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1920000.00   | 0.40%             | 2049-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO IL SALES TAX REVENUE     | CITY OF CHICAGO IL                                                      | CUSIP: 16768TKE3<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047232.10   | 0.22%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT   | Washington Metropolitan Area Transit Authority                          | CUSIP: 93878YAU3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1643412.10   | 0.34%             | 2045-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP V   | TOBACCO SETTLEMENT FINANCING CORP/VA                                    | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3960500.63   | 0.82%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA DEPT OF BUSINESS & INDU   | NEVADA DEPARTMENT OF BUSINESS & INDUSTRY                                | CUSIP: 641454AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $830612.17    | 0.17%             | 2047-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ARISTA CO MET DIST               | ARISTA MET DIST-A                                                       | CUSIP: 04041AAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $711941.25    | 0.15%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA CMNTY FACS DIST   | ORANGE COUNTY COMMUNITY FACILITIES DISTRICT                             | CUSIP: 68423PYB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013374.10   | 0.21%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG           | CITY OF BALTIMORE MD                                                    | CUSIP: 05923TBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490873.60    | 0.10%             | 2043-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI LIMITED OBL   | PUBLIC FINANCE AUTHORITY                                                | CUSIP: 74446HAD1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2328624.48   | 0.48%             | 2050-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ORLANDO & ORANGE CNTY FL EXPRE   | Orlando-Orange County Expressway Authority                              | CUSIP: 686543TX7<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3043367.70   | 0.63%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD FL IMPT    | Lakes of Sarasota Community Development District                        | CUSIP: 51206YAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $207879.09    | 0.04%             | 2051-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBE INDIANS CT GAMIN   | MOHEGAN TRIBE OF INDIANS OF CONNECTICUT                                 | CUSIP: 608333AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1908979.68   | 0.40%             | 2030-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL   | RHODE ISLAND HEALTH & EDUCATIONAL BUILDING CORP                         | CUSIP: 762244FP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502148.85    | 0.10%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH    | Illinois State Toll Highway Authority                                   | CUSIP: 452252PX1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3177696.00   | 0.66%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH   | HOUSING & REDEVELOPMENT AUTHORITY OF THE CITY OF ST PAUL MINNESOTA      | CUSIP: 852297AY6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1847515.40   | 0.38%             | 2050-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GULF COAST TX WST DISP AUTH      | Gulf Coast Authority                                                    | CUSIP: 40222PAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.04%             | 2025-12-01      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| DENVER CO HLTH & HOSP AUTH HLT   | DENVER HEALTH & HOSPITAL AUTHORITY                                      | CUSIP: 24918EEA4<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035523.80   | 0.21%             | 2034-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP    | Lakewood Ranch Stewardship District                                     | CUSIP: 51265KCP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $432495.90    | 0.09%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR    | Puerto Rico Electric Power Authority                                    | CUSIP: 74526QA51<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1887500.00   | 0.39%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BRD OF MANAGERS TX JT GUADALUP   | BOARD OF MANAGERS JOINT GUADALUPE COUNTY-CITY OF SEGUIN HOSPITAL        | CUSIP: 09659MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970787.80    | 0.20%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO CONVENTION CENTER HO   | DENVER CONVENTION CENTER HOTEL AUTHORITY                                | CUSIP: 249189DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495303.95    | 0.10%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV   | BUILD NYC RESOURCE CORP                                                 | CUSIP: 12008ELT1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004733.20   | 0.21%             | 2045-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN GROVE CMNTY DEV DIST    | Southern Groves Community Development District No 5                     | CUSIP: 843021AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $647159.54    | 0.13%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD FL IMPT    | Lakes of Sarasota Community Development District                        | CUSIP: 51206YAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $590525.52    | 0.12%             | 2031-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EN   | NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                               | CUSIP: 64577QAG6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000077.30   | 0.21%             | 2043-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R   | ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                | CUSIP: 04052BEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $453500.55    | 0.09%             | 2051-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT    | N LAS VEGAS IM 4.625 6/49                                               | CUSIP: 66041HGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $595942.91    | 0.12%             | 2049-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT   | Washington Metropolitan Area Transit Authority Dedicated Revenue        | CUSIP: 93878YAV1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1261619.54   | 0.26%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE     | Illinois Finance Authority                                              | CUSIP: 45204E6F0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $883221.24    | 0.18%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARBOR BAY FL CDD CAPITAL IMPT   | Harbor Bay Community Development District                               | CUSIP: 411466AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $802131.90    | 0.17%             | 2048-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP    | ARLINGTON HIGHER EDUCATION FINANCE CORP                                 | CUSIP: 041806HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1104425.19   | 0.23%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S   | SALT VERDE FINANCIAL CORP                                               | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3101751.00   | 0.64%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU   | County of Berkeley SC                                                   | CUSIP: 084220AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $836044.20    | 0.17%             | 2040-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $593588.38    | 0.12%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WINONA MN PORT AUTH CHRT SCH L   | WINONA PORT AUTHORITY                                                   | CUSIP: 975243AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $272080.35    | 0.06%             | 2036-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE BAY VA BRIDGE & TUN   | CHESAPEAKE BAY BRIDGE & TUNNEL DISTRICT                                 | CUSIP: 16514PAE9<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1806973.74   | 0.37%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD   | Michigan Strategic Fund                                                 | CUSIP: 594698DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.39%             | 2042-12-01      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                | CUSIP: 650116DX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $754529.64    | 0.16%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N   | Tobacco Settlement Financing Corp/NJ                                    | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4610000 | PA      | $4455427.62   | 0.92%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOTEL REVEN   | Public Finance Authority                                                | CUSIP: 74447DAD9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1811514.40   | 0.38%             | 2062-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA REDEV & HSG AUTH RE   | Norfolk Redevelopment & Housing Authority                               | CUSIP: 655909CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913143.60    | 0.19%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH    | KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                         | CUSIP: 49126PFH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1602282.60   | 0.33%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU   | Idaho Health Facilities Authority                                       | CUSIP: 451295A90<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2122793.10   | 0.44%             | 2056-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A   | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY                              | CUSIP: 592647ER8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016728.60   | 0.21%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012334.60   | 0.21%             | 2057-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN    | New Hope Cultural Education Facilities Finance Corp                     | CUSIP: 64542UDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1858106.80   | 0.39%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                | CUSIP: 650116BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000102.80   | 0.41%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA R   | SAN FRANCISCO CITY & COUNTY REDEVELOPMENT AGENCY SUCCESSOR AGENCY       | CUSIP: 79770GDV5<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517329.20    | 0.11%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE         | District of Columbia                                                    | CUSIP: 25483VWB6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927332.50    | 0.19%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE        | North Texas Tollway Authority                                           | CUSIP: 66285WG67<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    335000 | PA      | $323464.78    | 0.07%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY NJ PORT CORP        | SOUTH JERSEY PORT CORP                                                  | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490449.65    | 0.10%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F   | Tarrant County Cultural Education Facilities Finance Corp               | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1406701.05   | 0.29%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA   | FOREST LAKE MN 5.375 8/50                                               | CUSIP: 345856AV0<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950943.30    | 0.20%             | 2050-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI   | WASHINGTON STATE HOUSING FINANCE COMMISSION                             | CUSIP: 939783SH0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091473.20   | 0.23%             | 2050-07-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR    | Puerto Rico Electric Power Authority                                    | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2960000.00   | 0.61%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP   | NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                               | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1307022.54   | 0.27%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANNING LEWIS RANCH REGL MET D   | BANNING LEWIS 5.375 12/48                                               | CUSIP: 066639AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $943132.50    | 0.20%             | 2048-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                  | County of Fairfax VA                                                    | CUSIP: 30382AJX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2999849.42   | 0.62%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT HOTEL OCCUPANCY TAX    | GUAM GOVT HOTEL O 5 11/40                                               | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500310.40    | 0.10%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTMINSTER MD PROJ REVENUE      | CITY OF WESTMINSTER MD                                                  | CUSIP: 960735AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011450.60   | 0.21%             | 2044-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT   | California Statewide Communities Development Authority                  | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2204431.43   | 0.46%             | 2046-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ATLANTA GA WTR & WSTWTR REVENU   | CITY OF ATLANTA GA WATER & WASTEWATER REVENUE                           | CUSIP: 047870NE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038864.50   | 0.22%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERANDAH FL W CDD REVENUE        | VERANDAH WEST COMMUNITY DEVELOPMENT DISTRICT                            | CUSIP: 922947AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $980026.17    | 0.20%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA INDL DEV CORP    | PORT OF SEATTLE INDUSTRIAL DEVELOPMENT CORP                             | CUSIP: 735385AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000059.00   | 0.21%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAGLE CNTY CO ARPT TERMINAL CO   | EAGLE COUNTY AIRPORT TERMINAL CORP                                      | CUSIP: 26947EAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $697238.70    | 0.14%             | 2027-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                          | State of Ohio                                                           | CUSIP: 677523CL4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3598720.74   | 0.75%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EXEMPT FACS   | PUBLIC FINANCE AUTHORITY                                                | CUSIP: 74443QAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $846454.60    | 0.18%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE         | DISTRICT OF COLUMBIA                                                    | CUSIP: 25483VPE8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1049763.33   | 0.22%             | 2043-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE   | South Carolina Jobs-Economic Development Authority                      | CUSIP: 83704MBV7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $698465.71    | 0.14%             | 2056-06-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| N RANGE CO MET DIST #2           | NORTH RANGE METROPOLITAN DISTRICT NO 2                                  | CUSIP: 66176MAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2473329.75   | 0.51%             | 2047-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HLTH FACS AUTH REV   | Delaware State Health Facilities Authority                              | CUSIP: 246388UK6<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2857220.70   | 0.59%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP    | Lakewood Ranch Stewardship District                                     | CUSIP: 51265KBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977492.30    | 0.20%             | 2048-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL   | COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY                    | CUSIP: 19645RB42<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011206.50   | 0.21%             | 2045-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOGGY BRANCH CMNTY DEV DIST FL   | Boggy Branch Community Development District                             | CUSIP: 09720PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1049755.98   | 0.22%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                 | Commonwealth of Massachusetts                                           | CUSIP: 57582RK47<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2419487.78   | 0.50%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MN CHRT SCH LEASE REV   | CITY OF ST CLOUD MN                                                     | CUSIP: 788326AD8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1459707.00   | 0.30%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY EXEMPT FACS REVEN   | City of Henderson KY                                                    | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    375000 | PA      | $330711.34    | 0.07%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI   | WASHINGTON STATE HOUSING FINANCE COMMISSION                             | CUSIP: 939783SG2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091473.20   | 0.23%             | 2045-07-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F   | TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP               | CUSIP: 87638RJE8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2670027.30   | 0.55%             | 2052-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP POLL   | MARYLAND ECONOMIC DEVELOPMENT CORP                                      | CUSIP: 57421HAA1<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1060178.08   | 0.22%             | 2025-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA   | CALIFORNIA SCHOOL FINANCE AUTHORITY                                     | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $566879.08    | 0.12%             | 2045-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1365517.80   | 0.28%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E   | Ohio Air Quality Development Authority                                  | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1658480.58   | 0.34%             | 2049-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TRADITION CDD #9 FL SPL ASSMNT   | Tradition Community Development District No 9                           | CUSIP: 89269NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1069755.82   | 0.22%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY PA HOSP AUTH         | BUTLER COUNTY HOSPITAL AUTHORITY                                        | CUSIP: 123592DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503747.05    | 0.10%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV REDEV AGY TAX INC   | LAS VEGAS REDEVELOPMENT AGENCY                                          | CUSIP: 517732DS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528676.70   | 0.32%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU   | Colorado Educational & Cultural Facilities Authority                    | CUSIP: 19645UNS9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1947495.80   | 0.40%             | 2062-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD REVENUE   | PRINCE GEORGE'S COUNTY REVENUE AUTHORITY                                | CUSIP: 74173KAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000481.20   | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA VERNIA TX HGR EDU FIN CORP    | LA VERNIA HIGHER EDUCATION FINANCE CORP                                 | CUSIP: 505237CG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089952.20   | 0.43%             | 2045-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP SPL    | Maryland Economic Development Corp                                      | CUSIP: 57422FAF3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $788919.10    | 0.16%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARTISAN LAKES EAST CDD FL CAPI   | Artisan Lakes East Community Development District                       | CUSIP: 04316FAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $419972.25    | 0.09%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                       | City of Chicago IL                                                      | CUSIP: 167486K81<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1333000 | PA      | $1117912.72   | 0.23%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF   | Florida Development Finance Corp                                        | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946350.40    | 0.20%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLOW WALK FL CMNTY DEV DIST    | WILLOW WALK COMMUNITY DEVELOPMENT DISTRICT                              | CUSIP: 97122RAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003468.40   | 0.42%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO LAND CLEARANCE    | KANSAS CITY LAND CLEARANCE REDEVELOPMENT AUTHORITY                      | CUSIP: 48504MAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1395411.60   | 0.29%             | 2050-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OHIO ST PRIVATE ACTIVITY REVEN   | STATE OF OHIO                                                           | CUSIP: 67759YAQ0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994450.90    | 0.21%             | 2053-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST VRAIN LAKES MET DIST NO 2     | St Vrain Lakes Metropolitan District No 2                               | CUSIP: 85236GAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2410103.00   | 0.50%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA   | CHICAGO O'HARE INTERNATIONAL AIRPORT                                    | CUSIP: 167590FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1125169.65   | 0.23%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIRECTOR OF THE ST OF NEVADA D   | State of Nevada Department of Business & Industry                       | CUSIP: 25490LAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973905.20    | 0.20%             | 2038-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH REVENUE     | New York Power Authority                                                | CUSIP: 64989KLH7<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932515.10    | 0.19%             | 2060-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE    | COUNTY OF JEFFERSON AL SEWER REVENUE                                    | CUSIP: 472682QJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066436.80   | 0.43%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR   | CALIFORNIA SCHOOL FINANCE AUTHORITY                                     | CUSIP: 13058TFZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $448029.55    | 0.09%             | 2047-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IRVINE CA SPL TAX                | CITY OF IRVINE CA                                                       | CUSIP: 46360TDE0<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006064.30   | 0.21%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A   | St Johns County Industrial Development Authority                        | CUSIP: 79041LAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $358743.90    | 0.07%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT   | CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY                            | CUSIP: 179027XY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $393616.26    | 0.08%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE       | Public Finance Authority                                                | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1138337.25   | 0.24%             | 2056-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP    | SALES TAX SECURITIZATION CORP                                           | CUSIP: 79467BAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068639.00   | 0.22%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                 | District of Columbia                                                    | CUSIP: 25476FYT9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1484738.10   | 0.31%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN    | NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | CUSIP: 64542UCR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $741143.06    | 0.15%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU            | Chicago Board of Education                                              | CUSIP: 167505VA1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1395042.88   | 0.29%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX             | City of Roseville CA                                                    | CUSIP: 777870T97<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1087194.20   | 0.23%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BASE VLG MET DIST #2 CO          | BASE VILLAGE METROPOLITAN DISTRICT NO 2                                 | CUSIP: 069781AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500190.50   | 0.31%             | 2046-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LAKES AT CENTERRA MET DIST NO    | Lakes at Centerra Metropolitan District No 2                            | CUSIP: 51207GAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1432434.75   | 0.30%             | 2037-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS   | Oklahoma Development Finance Authority                                  | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2098278.50   | 0.44%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES    | Chicago Transit Authority Sales Tax Receipts Fund                       | CUSIP: 16772PDN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4091491.60   | 0.85%             | 2057-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALAVERA CDD FL CAPITAL IMPT R   | TALAVERA CDD 4.35 5/40                                                  | CUSIP: 87410PAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $438836.36    | 0.09%             | 2040-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| TUSCALOOSA CNTY AL INDL DEV AU   | Tuscaloosa County Industrial Development Authority                      | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $653659.59    | 0.14%             | 2044-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HUNTSVILLE-REDSTONE VLY AL SPL   | HUNTSVILLE-REDSTONE VILLAGE SPECIAL CARE FACILITIES FINANCING AUTHORITY | CUSIP: 447297AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $317500.00    | 0.07%             | 2047-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD TAX INCR & S   | County of Frederick MD                                                  | CUSIP: 355612AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1743452.40   | 0.36%             | 2043-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE       | CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE                                | CUSIP: 052398ER1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500079.60    | 0.10%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                       | City of Chicago IL                                                      | CUSIP: 167486K65<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2683000 | PA      | $2364555.80   | 0.49%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT   | CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY                            | CUSIP: 179027XZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $546671.82    | 0.11%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL   | COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY                    | CUSIP: 19645RXA4<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1604796.54   | 0.33%             | 2049-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL    | METROPOLITAN PIER & EXPOSITION AUTHORITY                                | CUSIP: 592250BM5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027177.60   | 0.42%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE     | ILLINOIS FINANCE AUTHORITY                                              | CUSIP: 45204EC30<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1495266.00   | 0.31%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP    | LAKEWOOD RANCH STEWARDSHIP DISTRICT                                     | CUSIP: 51265KBB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973053.70    | 0.20%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81   | City of Las Vegas NV Special Improvement District No 814                | CUSIP: 51778UAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1008980.19   | 0.21%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP L   | TOBACCO SETTLEMENT FINANCING CORP/LA                                    | CUSIP: 88880PCN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523184.75   | 0.32%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC    | Public Finance Authority                                                | CUSIP: 74444VAH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2461695.30   | 0.51%             | 2053-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE        | NORTH TEXAS TOLLWAY AUTHORITY                                           | CUSIP: 66285WSR8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    600000 | PA      | $622982.76    | 0.13%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA   | PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                   | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1979803.00   | 0.41%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                       | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    600000 | PA      | $601780.44    | 0.12%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                       | CUSIP: 4521527F2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $885902.40    | 0.18%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE      | Indiana Finance Authority                                               | CUSIP: 45506EAC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    915000 | PA      | $820593.23    | 0.17%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARGARITA CA WTR DIST SP   | SANTA MARGARITA WATER DISTRICT                                          | CUSIP: 802242EQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1209868.44   | 0.25%             | 2043-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81   | City of Las Vegas NV Special Improvement District No 815                | CUSIP: 51778VAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473787.60    | 0.10%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | NEW YORK TRANSPORTATION DEVELOPMENT CORP                                | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $454997.73    | 0.09%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Federated Hermes Municipal Securities Income Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Municipal Securities Income Trust

**Title:** Chief Compliance Officer