# EDGAR Filing Document

**Accession Number:** 0000035373
**File Stem:** 0000035402-26-003330
**Filing Date:** 2026-5
**Character Count:** 261010
**Document Hash:** 59769e2b6a6fd826a2d67b4e93a57bc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-003330.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000035402-26-003330

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02628
- **FILM NUMBER:** 261017439

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

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

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Conservative Income Municipal Bond Fund**

**March 31, 2026**

CMB-NPRT1-0526

1.967797.112 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 96.2%** | &nbsp;&nbsp;**Municipal Securities - 96.2%** | &nbsp;&nbsp;**Municipal Securities - 96.2%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Alabama - 5.5%  |  |  |
| Electric Utilities - 0.2% |  |  |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) 3.78% tender 6/1/2034 (c) | 875000 | 876613 |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) Series 2007 A, 3.375% tender 6/1/2034 (c) | 1045000 | 1054836 |
| Walker Cnty AL Economic & Indl Dev Auth Solid Waste Disp Rev (Alabama Power & Light Proj.) 3% 12/1/2036 VRDN (b)(c) | 1900000 | 1900000 |
| TOTAL ELECTRIC UTILITIES |  | 3831449 |
| General Obligations - 2.8% |  |  |
| Black Belt Energy Gas Dist Ala Gas Supply Rev 4% tender 7/1/2052 (Liquidity Facility Royal Bank of Canada), (Royal Bank of Canada Guaranteed) (c) | 3585000 | 3621320 |
| Black Belt Energy Gas District 5% 5/1/2028 (BP PLC Guaranteed)  | 580000 | 596463 |
| Black Belt Energy Gas District 5.25% 6/1/2026 (Morgan Stanley Guaranteed)  | 780000 | 782637 |
| Black Belt Energy Gas District 5.25% tender 2/1/2053 (Morgan Stanley Guaranteed) (c) | 12165000 | 12761960 |
| Black Belt Energy Gas District Series 2021 B, 4% tender 10/1/2052 (Goldman Sachs Group Inc/The Guaranteed) (c) | 15300000 | 15391705 |
| Black Belt Energy Gas District Series 2022 E, 5% 6/1/2026 (Canadian Imperial Bank of Commerce/New York NY Guaranteed)  | 1390000 | 1394459 |
| Black Belt Energy Gas District Series 2023 D 1, 5.5% tender 6/1/2049 (Goldman Sachs Group Inc/The Guaranteed) (c) | 1530000 | 1608680 |
| Black Belt Energy Gas District Series 2023C, 5.5% 6/1/2026 (Goldman Sachs Group Inc/The Guaranteed)  | 570000 | 571997 |
| Black Belt Energy Gas District Series 2023C, 5.5% 6/1/2027 (Goldman Sachs Group Inc/The Guaranteed)  | 245000 | 250831 |
| Black Belt Energy Gas District Series 2025 D, 5% 2/1/2027 (Pacific Life Insurance Co Guaranteed)  | 240000 | 243293 |
| Black Belt Energy Gas District Series 2025 D, 5% 8/1/2028 (Pacific Life Insurance Co Guaranteed)  | 1090000 | 1128390 |
| Black Belt Energy Gas District Series 2025 D, 5% 8/1/2029 (Pacific Life Insurance Co Guaranteed)  | 1200000 | 1256460 |
| Southeast Energy Authority A Cooperative District Series 2025E, 5% 10/1/2029 (JPMorgan Securities LLC Guaranteed)  | 7305000 | 7681981 |
| TOTAL GENERAL OBLIGATIONS |  | 47290176 |
| Health Care - 0.2% |  |  |
| Health Care Auth For Bapt Hlth Ala Series 2013B, 3.8% 11/1/2042 VRDN (c) | 2923000 | 2923000 |
| Housing - 0.2% |  |  |
| Alabama Hsg Fin Auth Multi Fam Hsg Rev (Cooper Green Homes Proj.) Series 2024 C, 5% tender 2/1/2029 (c) | 2675000 | 2766521 |
| Industrial Development - 0.6% |  |  |
| Decatur AL Indl Dev Brd Exempt (Nucor Corp Proj.) 2.78% 8/1/2036 VRDN (b)(c) | 9426000 | 9426000 |
| Synthetics - 1.5% |  |  |
| Black Belt Energy Gas Dist Ala Gas Supply Rev Participating VRDN Series 2023 XM1110, 2.72% 12/1/2053 (Liquidity Facility Royal Bank of Canada NY) (c)(e) | 3600000 | 3600000 |
| Black Belt Energy Gas District Participating VRDN 2.67% 2/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 2795000 | 2795000 |
| Black Belt Energy Gas District Participating VRDN 2.72% 2/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 19700000 | 19700000 |
| TOTAL SYNTHETICS |  | 26095000 |
| Water & Sewer - 0.0% |  |  |
| Jefferson Cnty AL Swr Rev 5% 10/1/2026  | 545000 | 551144 |
| Jefferson Cnty AL Swr Rev 5% 10/1/2027  | 500000 | 515959 |
| TOTAL WATER & SEWER |  | 1067103 |
| TOTAL ALABAMA |  | 93399249 |
| Alaska - 0.1%  |  |  |
| General Obligations - 0.1% |  |  |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2026  | 950000 | 957919 |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2027  | 325000 | 335575 |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2028  | 420000 | 443116 |
| TOTAL ALASKA |  | 1736610 |
| Arizona - 3.9%  |  |  |
| Electric Utilities - 1.7% |  |  |
| Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 2.62% 5/1/2029 VRDN (c) | 18000000 | 18000001 |
| Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 2.62% 5/1/2029 VRDN (c) | 10800000 | 10800000 |
| TOTAL ELECTRIC UTILITIES |  | 28800001 |
| Health Care - 0.2% |  |  |
| Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) 5% tender 1/1/2053 (c) | 2390000 | 2395320 |
| Yuma AZ Indl Dev Auth Hosp Rev (Yuma Regional Medical Center Proj.) Series 2024 A, 5% 8/1/2026  | 1125000 | 1133202 |
| TOTAL HEALTH CARE |  | 3528522 |
| Housing - 0.3% |  |  |
| Arizona St Indl Dev Auth Multifamily Hsg Rev 2.76% tender 7/1/2047 (c) | 4510000 | 4485591 |
| Industrial Development - 0.7% |  |  |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) 5% tender 9/1/2052 (b)(c) | 12550000 | 12749793 |
| Resource Recovery - 0.2% |  |  |
| Phoenix Ariz Indl Dev Auth Solid Waste Disp Rev (Republic Services Inc Proj.) 3% tender 12/1/2035 (b)(c) | 4205000 | 4204583 |
| Synthetics - 0.7% |  |  |
| Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2023 MIZ9157, 2.65% 12/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1905969 | 1905969 |
| Arizona Indl Dev Auth Participating VRDN Series 2023 XF3174, 2.7% 11/1/2041 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 10740000 | 10740000 |
| TOTAL SYNTHETICS |  | 12645969 |
| Transportation - 0.1% |  |  |
| Phoenix AZ Cvc Imp Crp Apr Rev Series 2023, 5% 7/1/2026 (b) | 1155000 | 1161071 |
| TOTAL ARIZONA |  | 67575530 |
| Arkansas - 0.2%  |  |  |
| Industrial Development - 0.2% |  |  |
| Blytheville AR Indl Dev Rev (Nucor Corp Proj.) 2.78% 6/1/2028 VRDN (b)(c) | 3100000 | 3100000 |
| California - 10.5%  |  |  |
| Electric Utilities - 0.2% |  |  |
| Southern CA Pub Pwr Auth Southn Trans Sys Renewal Proj Rev (Southern Ca Pub Pwr Auth Proj.) Series 2025 2, 5% tender 7/1/2053 (c) | 2520000 | 2644520 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Port Oakland Calif Rev 5% 5/1/2026 (Escrowed to Maturity) (b) | 5000 | 5010 |
| General Obligations - 0.1% |  |  |
| California Community Choice Financing Authority 5% 3/1/2028 (Morgan Stanley Guaranteed)  | 460000 | 473909 |
| California Community Choice Financing Authority 5% 9/1/2028 (Morgan Stanley Guaranteed)  | 1460000 | 1515481 |
| TOTAL GENERAL OBLIGATIONS |  | 1989390 |
| Resource Recovery - 2.9% |  |  |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2021 B, 3.25% tender 7/1/2051 (b)(c) | 2600000 | 2600082 |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2021A, 3.45% tender 7/1/2041 (b)(c) | 9700000 | 9700000 |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2026A, 2.8% tender 3/1/2056 (b)(c) | 2600000 | 2598186 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2017 A, 3.45% tender 12/1/2044 (b)(c) | 9625000 | 9625910 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2020B, 3.85% tender 11/1/2041 (b)(c) | 5800000 | 5799886 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2022A, 3.45% tender 10/1/2041 (b)(c) | 8150000 | 8146432 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2024B, 3.375% tender 9/1/2050 (b)(c) | 2080000 | 2065532 |
| California Pcf Solid Wst Disp (Republic Services Inc Proj.) Series 2017 A 2, 3.25% tender 11/1/2042 (b)(c)(f) | 500000 | 499962 |
| California Pcf Solid Wst Disp (Republic Services Inc Proj.) Series 2023, 2.875% tender 7/1/2043 (b)(c)(f) | 2000000 | 1997322 |
| California Pcf Solid Wst Disp (Waste Management Inc Del Proj.) Series B 2, 3.45% tender 11/1/2040 (b)(c) | 6850000 | 6852329 |
| TOTAL RESOURCE RECOVERY |  | 49885641 |
| Synthetics - 5.5% |  |  |
| California Community Choice Financing Authority Participating VRDN Series 2026 XL0727, 2.67% 4/1/2056 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 5200000 | 5200000 |
| California Hsg Fin Agy Ltd Oblig Participating VRDN Series 2023 XF3127, 2.7% 6/1/2030 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 1755000 | 1755000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9232, 2.7% 10/8/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)(e) | 5800000 | 5800000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9233, 2.7% 12/1/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)(e) | 16000000 | 16000000 |
| Chula Vista California Multifamily Hsg Rev Participating VRDN Series 2025 BAML6065, 3.05% 5/15/2036 (Liquidity Facility Bank of America, N.A.) (b)(c)(e) | 18250000 | 18250000 |
| Los Angeles CA Multi Fam Mtg Rev Participating VRDN Series 2025 MIZ9221, 2.6% 8/4/2028 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 10550000 | 10550000 |
| San Francisco City & County Multi Fam Hsg Rev Participating VRDN 2.6% 12/1/2052 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 25415000 | 25415000 |
| San Francisco City & County Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9095, 2.6% 7/1/2057 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 10391875 | 10391875 |
| TOTAL SYNTHETICS |  | 93361875 |
| Transportation - 1.8% |  |  |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (b) | 7220000 | 7240460 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (b) | 2285000 | 2291475 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2027 (b) | 5780000 | 5924088 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2027 (b) | 4180000 | 4284202 |
| Los Angeles CA Dept Arpts Rev Series 2023 A, 5% 5/15/2026 (b) | 510000 | 511445 |
| Port Oakland Calif Rev Series 2021 H, 5% 5/1/2026 (b) | 1740000 | 1742989 |
| San Diego Cnty CA Reg Arpt Auth Arpt Rev Series 2025 B, 5% 7/1/2028 (b) | 1650000 | 1729192 |
| San Francisco CA City & County Airports Commission International Airport Revenue Series 2023A, 5% 5/1/2026 (b) | 3760000 | 3766939 |
| San Francisco CA City & County Airports Commission International Airport Revenue Series SECOND 2019H, 5% 5/1/2027 (b) | 3810000 | 3892765 |
| TOTAL TRANSPORTATION |  | 31383555 |
| TOTAL CALIFORNIA |  | 179269991 |
| Colorado - 1.6%  |  |  |
| Education - 0.0% |  |  |
| Colorado Edl & Cultural Fac Auth Rev (Mesivta Of Greater Los Angeles Proj.) 2.77% 6/1/2029, LOC Barlatier SA VRDN (c) | 630000 | 630000 |
| Housing - 0.2% |  |  |
| Denver Colo City & Cnty Hsg Auth Multifamily Hsg Rev Series 2025A, 5% 6/1/2029  | 730000 | 760973 |
| Maiker Hsg Partners Colo Multifamily Hsg Rev Series 2023, 4.5% tender 5/1/2042 (c) | 2017000 | 2029157 |
| TOTAL HOUSING |  | 2790130 |
| Special Tax - 0.1% |  |  |
| Park Creek Met Dist Colo Ltd Ppty Tax Supported Rev Series 2025, 5% 12/1/2026 (Assured Guaranty Inc Insured)  | 500000 | 507209 |
| Park Creek Met Dist Colo Ltd Ppty Tax Supported Rev Series 2025, 5% 12/1/2027 (Assured Guaranty Inc Insured)  | 1000000 | 1036885 |
| Park Creek Met Dist Colo Ltd Ppty Tax Supported Rev Series 2025, 5% 12/1/2028 (Assured Guaranty Inc Insured)  | 950000 | 1003537 |
| TOTAL SPECIAL TAX |  | 2547631 |
| Synthetics - 0.9% |  |  |
| Colorado Health Facilities Authority Participating VRDN 2.57% 11/1/2052 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 6000000 | 6000000 |
| Colorado Health Facilities Authority Participating VRDN 2.57% 11/1/2052 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 5100000 | 5100000 |
| Denver CO City & Cnty Arpt Participating VRDN Series 2018 XM0715, 2.72% 12/1/2043 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)(e) | 4300000 | 4300000 |
| TOTAL SYNTHETICS |  | 15400000 |
| Transportation - 0.4% |  |  |
| Denver CO City & Cnty Arpt 5.25% 11/15/2026 (b) | 3165000 | 3212669 |
| Denver CO City & Cnty Arpt Series 2018 A, 5% 12/1/2027 (b) | 2825000 | 2916997 |
| TOTAL TRANSPORTATION |  | 6129666 |
| TOTAL COLORADO |  | 27497427 |
| Connecticut - 2.3%  |  |  |
| Education - 0.1% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2010A 3, 2.95% tender 7/1/2049 (c) | 975000 | 979042 |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2017 B2, 3.2% tender 7/1/2037 (c) | 1850000 | 1852681 |
| TOTAL EDUCATION |  | 2831723 |
| General Obligations - 0.2% |  |  |
| Connecticut St Spl Tax Oblig 5% 5/1/2026  | 805000 | 806692 |
| New Haven CT Gen. Oblig. Series 2023, 5% 8/1/2026 (Build America Mutual Assurance Co Insured)  | 445000 | 448379 |
| New Haven CT Gen. Oblig. Series 2023, 5% 8/1/2027 (Build America Mutual Assurance Co Insured)  | 415000 | 427393 |
| West Haven CT Gen. Oblig. BAN 4.25% 6/24/2026  | 1800000 | 1804544 |
| TOTAL GENERAL OBLIGATIONS |  | 3487008 |
| Health Care - 0.2% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Yale New Haven Hospital Inc Proj.) Series 2024 A, 5% 7/1/2027  | 2900000 | 2981335 |
| Synthetics - 1.8% |  |  |
| Connecticut St Health & Edl Facs Auth Rev Participating VRDN Series 5106, 2.75% 7/1/2048 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 30700000 | 30700000 |
| TOTAL CONNECTICUT |  | 40000066 |
| District Of Columbia - 1.3%  |  |  |
| General Obligations - 1.1% |  |  |
| District Columbia Gen. Oblig. 2.6% 6/1/2051 VRDN (c) | 18240000 | 18240000 |
| Housing - 0.2% |  |  |
| District Columbia Hsg Fin Mult Series 2024, 3.65% tender 7/1/2028 (c) | 2870000 | 2894746 |
| Water & Sewer - 0.0% |  |  |
| District Columbia Wtr & Swr Auth Pub Util Rev Series 2022E, 3% tender 10/1/2057 (c) | 855000 | 853322 |
| TOTAL DISTRICT OF COLUMBIA |  | 21988068 |
| District Of Columbia,Virginia - 0.5%  |  |  |
| Transportation - 0.5% |  |  |
| Metropolitan Wash DC Arpts Ath Series 2019A, 5% 10/1/2026 (b) | 825000 | 834511 |
| Metropolitan Wash DC Arpts Ath Series 2023 A, 5% 10/1/2026 (b) | 1250000 | 1264411 |
| Metropolitan Wash DC Arpts Ath Series 2023 A, 5% 10/1/2028 (b) | 2335000 | 2449852 |
| Metropolitan Wash DC Arpts Ath Series 2024A, 5% 10/1/2027 (b) | 4445000 | 4583968 |
| TOTAL DISTRICT OF COLUMBIA,VIRGINIA |  | 9132742 |
| Florida - 7.4%  |  |  |
| General Obligations - 0.2% |  |  |
| Duval Cnty FL Sch Brd Ctfs Part (Duval Cnty FL Sch Dist Proj.) 5% 7/1/2026 (Assured Guaranty Inc Insured)  | 3115000 | 3133816 |
| Pasco Cnty FL Sch Brd Cert of Part (Pasco Cnty FL Sch Dist Proj.) Series 2022 A, 5% 8/1/2026 (Assured Guaranty Inc Insured)  | 665000 | 670361 |
| TOTAL GENERAL OBLIGATIONS |  | 3804177 |
| Health Care - 0.8% |  |  |
| Lee County Industrial Development Authority/FL (Lee Mem Health Sys Fl Hosp Rev Proj.) 3.03% 4/1/2049 VRDN (c) | 11500000 | 11500000 |
| Orange Cnty FL Health Facs Auth Rev (Advent Health Proj.) 5% tender 11/15/2052 (c) | 1815000 | 1840248 |
| TOTAL HEALTH CARE |  | 13340248 |
| Housing - 0.7% |  |  |
| Escambia Cnty FL Hsg Fin Auth Multifamily Hsg Rev Series 2024, 3.8% tender 6/1/2027 (c) | 4400000 | 4406038 |
| Fla Hsg Fin Corp Multifamily Mtg Rev (Culmer Apts Proj.) Series 2023 C, 3.08% tender 12/1/2026 (c) | 6100000 | 6100154 |
| Florida Hsg Fin Corp Mltfmy Rv Series 2024 E, 3.8% tender 6/1/2042 (c) | 1530000 | 1530672 |
| TOTAL HOUSING |  | 12036864 |
| Resource Recovery - 0.6% |  |  |
| Florida Dev Fin Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2025A, 3.4% tender 9/1/2050 (b)(c) | 1450000 | 1450157 |
| Hillsborough Cnty FL Sldwst Rec Series A, 5% 9/1/2026 (b) | 1435000 | 1445952 |
| Miami-Dade Cnty FL Ida Sld Waste Disp Rev (Waste Management Inc Del Proj.) Series 2018 B, 4% tender 11/1/2048 (b)(c) | 7500000 | 7505048 |
| TOTAL RESOURCE RECOVERY |  | 10401157 |
| Special Tax - 1.5% |  |  |
| Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev Series 2023 A2, 3.16% 9/1/2032 (Liquidity Facility Florida St) VRDN (c) | 24940000 | 24940000 |
| Synthetics - 3.3% |  |  |
| Florida Dev Fin Corp Rev Participating VRDN 3.15% 7/1/2053 (Liquidity Facility Barclays Bank PLC) (b)(c)(e) | 5300000 | 5300000 |
| Florida Dev Fin Corp Rev Participating VRDN Series 2024 XF1704, 2.62% 7/1/2053 (Liquidity Facility Royal Bank of Canada NY) (b)(c)(e) | 25300000 | 25300000 |
| Greater Orlando Aviation Auth Participating VRDN 2.83% 10/1/2036 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 3960000 | 3960000 |
| Miami Dade Cnty FL Hfa Mfm Rev Participating VRDN Series 2026 XG0636, 3.05% 1/1/2065 (Liquidity Facility Barclays Bank PLC) (c)(e) | 3860000 | 3860000 |
| Miami Dade County Hsg Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9087, 2.65% 11/1/2061 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1015000 | 1015000 |
| Miami-Dade Cnty Fla Aviat Rev Participating VRDN Series 2025 XM1321, 2.85% 10/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 8000000 | 8000000 |
| Miami-Dade Cnty Fla Seaport Rev Participating VRDN Series 2021 XF2947, 2.6% 10/1/2045 (Liquidity Facility Barclays Bank PLC) (b)(c)(e) | 1600000 | 1600000 |
| Orange Cnty FL Health Facs Auth Rev Participating VRDN Series 2025 XF8076, 2.52% 10/1/2052 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 8285000 | 8285000 |
| TOTAL SYNTHETICS |  | 57320000 |
| Transportation - 0.3% |  |  |
| Broward Cnty FL Arpt Sys Rev Series 2017, 5% 10/1/2028 (b) | 275000 | 282826 |
| Broward Cnty FL Port Everglades Series 2022, 5% 9/1/2027 (b) | 1265000 | 1297252 |
| Greater Orlando Aviation Auth Series 2024, 5% 10/1/2028 (b) | 3390000 | 3552569 |
| Osceola Cnty Fla Transn Rev (Osceola Parkway Proj.) Series 2019 A 2, 0% 10/1/2026 (g) | 275000 | 270120 |
| Osceola Cnty Fla Transn Rev (Osceola Parkway Proj.) Series 2019 A 2, 0% 10/1/2027 (g) | 360000 | 340813 |
| TOTAL TRANSPORTATION |  | 5743580 |
| TOTAL FLORIDA |  | 127586026 |
| Georgia - 2.8%  |  |  |
| Electric Utilities - 1.6% |  |  |
| Appling Cnty GA Dev Auth Pcr (Oglethorpe Pwr Corp Proj.) 2.45% 1/1/2038 VRDN (c) | 17100000 | 17100000 |
| Bartow Cnty GA Dev Auth Solid Waste Disp Fac Rev (Georgia Power Co Proj.) 2.93% 11/1/2062 VRDN (b)(c) | 1000000 | 1000000 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series 2008 SECOND, 3.375% tender 11/1/2048 (c) | 730000 | 732292 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FIFTH 1994, 3.7% tender 10/1/2032 (c) | 1285000 | 1303687 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FOURTH 1994, 3.8% tender 10/1/2032 (c) | 1885000 | 1886934 |
| Georgia Mun Elec Auth Pwr Rev Series 2022 A, 5% 7/1/2026 (Assured Guaranty Inc Insured)  | 230000 | 231453 |
| Georgia Mun Elec Auth Pwr Rev Series 2024A, 5% 1/1/2028  | 1000000 | 1042295 |
| Georgia Mun Elec Auth Pwr Rev Series A, 5% 1/1/2028  | 2005000 | 2016628 |
| TOTAL ELECTRIC UTILITIES |  | 25313289 |
| General Obligations - 0.6% |  |  |
| Main Street Natural Gas Inc 4% tender 5/1/2052 (Citigroup Inc Guaranteed) (c) | 3870000 | 3908916 |
| Main Street Natural Gas Inc Series 2022B, 5% tender 12/1/2052 (Citigroup Inc Guaranteed) (c) | 1785000 | 1862389 |
| Main Street Natural Gas Inc Series 2023B, 5% 9/1/2026 (Royal Bank of Canada Guaranteed)  | 430000 | 433353 |
| Main Street Natural Gas Inc Series 2023D, 5% 12/1/2026 (Citigroup Inc Guaranteed)  | 195000 | 197021 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 3/1/2027 (Royal Bank of Canada Guaranteed)  | 700000 | 711132 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 9/1/2026 (Royal Bank of Canada Guaranteed)  | 350000 | 352729 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 9/1/2027 (Royal Bank of Canada Guaranteed)  | 625000 | 639101 |
| Main Street Natural Gas Inc Series 2024C, 5% 12/1/2026 (Citigroup Inc Guaranteed)  | 875000 | 884070 |
| Main Street Natural Gas Inc Series 2024C, 5% 12/1/2027 (Citigroup Inc Guaranteed)  | 1000000 | 1023705 |
| TOTAL GENERAL OBLIGATIONS |  | 10012416 |
| Housing - 0.1% |  |  |
| Atlanta GA Urban Resdtl Fin Auth Mf Hsg Rev (North Block Assoc Proj.) 3.4% tender 2/1/2029 (c) | 2500000 | 2511674 |
| Synthetics - 0.1% |  |  |
| Buford Hsg Auth Multi Fam Participating VRDN Series 2023 XF3118, 2.7% 3/1/2041 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 1855143 | 1855143 |
| Transportation - 0.4% |  |  |
| Atlanta GA Arpt Rev Series 2025B B 1, 5% 7/1/2026 (b) | 1680000 | 1689255 |
| Atlanta GA Arpt Rev Series 2025B B 1, 5% 7/1/2028 (b) | 3700000 | 3865216 |
| Atlanta GA Arpt Rev Series 2025B B 1, 5% 7/1/2029 (b) | 1800000 | 1911351 |
| TOTAL TRANSPORTATION |  | 7465822 |
| TOTAL GEORGIA |  | 47158344 |
| Hawaii - 0.9%  |  |  |
| Housing - 0.2% |  |  |
| Honolulu HI City & Cnty Mfr Series 2023, 5% tender 6/1/2027 (c) | 3480000 | 3492576 |
| Synthetics - 0.7% |  |  |
| Hawaii St Arpts Sys Rev Participating VRDN 2.62% 7/1/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)(e) | 11500000 | 11500000 |
| TOTAL HAWAII |  | 14992576 |
| Illinois - 3.1%  |  |  |
| Education - 0.0% |  |  |
| Kane Cnty Ill Rev (Glenwood School For Boys, Il Proj.) 2.7% 2/1/2028, LOC Northern Trust CO Chicago VRDN (c) | 195000 | 195000 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Railsplitter Tobacco Settlement Auth Settlement Rev Series 2017, 5% 6/1/2026 (Escrowed to Maturity)  | 635000 | 637637 |
| General Obligations - 0.8% |  |  |
| Illinois St Gen. Oblig. 5% 2/1/2027  | 7600000 | 7736918 |
| Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2026  | 930000 | 941771 |
| Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2027  | 945000 | 976308 |
| Illinois St Gen. Oblig. Series MAY 2023 C, 5% 5/1/2026  | 2540000 | 2544538 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2026  | 585000 | 586045 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2027  | 405000 | 414430 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2028  | 670000 | 698414 |
| TOTAL GENERAL OBLIGATIONS |  | 13898424 |
| Health Care - 0.0% |  |  |
| Board of Trustees of the University of Illinois/The (University of Illinois Hospital And Health Sciences System Proj.) Series 2023, 5% 10/1/2027  | 255000 | 264191 |
| Resource Recovery - 0.1% |  |  |
| Southwestern IL Da Sld Wst Dis (Waste Management Inc Del Proj.) 2.35% 10/1/2027, LOC JPMorgan Chase Bank NA VRDN (b)(c) | 1800000 | 1800000 |
| Special Tax - 0.0% |  |  |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2026 (Assured Guaranty Inc Insured) (g) | 720000 | 715770 |
| Synthetics - 1.1% |  |  |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN Series 2023 XF1457, 2.95% 1/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 1000000 | 1000000 |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN Series 2025 XF8113, 2.87% 1/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 2150000 | 2150000 |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN Series 2025 ZF1980, 2.59% 1/1/2059 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 7500000 | 7500000 |
| IL Fin Auth Rev Plymouth Place Participating VRDN Series 2025 002, 2.72% 5/15/2056 (Liquidity Facility Barclays Bank PLC) (c)(e) | 6200000 | 6200000 |
| TOTAL SYNTHETICS |  | 16850000 |
| Transportation - 1.0% |  |  |
| Chicago IL Midway Arpt Rev Series 2023A, 5% 1/1/2027 (Build America Mutual Assurance Co Insured) (b) | 635000 | 643892 |
| Chicago IL Midway Arpt Rev Series 2023A, 5% 1/1/2028 (Build America Mutual Assurance Co Insured) (b) | 1480000 | 1528438 |
| Chicago IL Midway Arpt Rev Series 2025 A, 5% 1/1/2027 (b) | 2185000 | 2218210 |
| Chicago IL Midway Arpt Rev Series 2025 A, 5% 1/1/2029 (b) | 4290000 | 4508068 |
| Chicago IL O'Hare Intl Arpt Rev Series 2024C, 5% 1/1/2028 (b) | 6810000 | 7062396 |
| TOTAL TRANSPORTATION |  | 15961004 |
| Water & Sewer - 0.1% |  |  |
| Illinois Finance Authority Rev (IL Wtr State Rev Fund Proj.) 5% 1/1/2027  | 2300000 | 2343424 |
| TOTAL ILLINOIS |  | 52665450 |
| Indiana - 0.7%  |  |  |
| Electric Utilities - 0.3% |  |  |
| Rockport Ind Pollution Ctl Rev (Indiana Michigan Power Co Proj.) Series 2025 A, 3.7% tender 6/1/2047 (c) | 4955000 | 5035045 |
| General Obligations - 0.2% |  |  |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024 A, 5% 1/15/2028 (Build America Mutual Assurance Co Insured)  | 625000 | 648534 |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024 A, 5% 7/15/2027 (Build America Mutual Assurance Co Insured)  | 500000 | 513606 |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024 A, 5% 7/15/2028 (Build America Mutual Assurance Co Insured)  | 615000 | 643340 |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024B, 5% 7/15/2027 (Build America Mutual Assurance Co Insured)  | 360000 | 369795 |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024B, 5% 7/15/2028 (Build America Mutual Assurance Co Insured)  | 1000000 | 1046081 |
| TOTAL GENERAL OBLIGATIONS |  | 3221356 |
| Resource Recovery - 0.2% |  |  |
| Indiana St Fin Auth Economic Dev Rev (Republic Services Inc Proj.) Series 2010A, 2.9% tender 5/1/2028 (b)(c) | 2700000 | 2699636 |
| Transportation - 0.0% |  |  |
| Indianapolis Local Public Improvement Bond Bank (Indianapolis IN Arpt Auth Rev Proj.) Series 2023I 2, 5% 1/1/2027 (b) | 1335000 | 1355391 |
| TOTAL INDIANA |  | 12311428 |
| Iowa - 0.3%  |  |  |
| Education - 0.0% |  |  |
| Iowa Student Ln Liquidity Corp (Iowa Student Ln 10/1/19 Proj.) Series 2023 B, 5% 12/1/2026 (b) | 380000 | 384517 |
| Electric Utilities - 0.3% |  |  |
| Iowa Fin Auth Sld Disp Wst Rev (Midamerican Energy Co Proj.) Series 2016 B, 2.53% 12/1/2046 VRDN (b)(c) | 4600000 | 4600000 |
| TOTAL IOWA |  | 4984517 |
| Kansas - 0.0%  |  |  |
| General Obligations - 0.0% |  |  |
| City of Olathe KS Gen. Oblig. Series 230, 2.5% 10/1/2027  | 720000 | 713333 |
| Kentucky - 4.8%  |  |  |
| Education - 1.8% |  |  |
| Kentucky Higher Ed Student Ln Corp Student Ln Rev (Federal Family Education Loan Program Proj.) Series 2023 1A 1, 2.61% 6/1/2043, LOC Bank of America NA VRDN (b)(c) | 30300000 | 30300000 |
| Electric Utilities - 0.5% |  |  |
| Trimble Cnty KY Environmental Facs Rev (Kentucky Utilities Co Proj.) 4.7% tender 6/1/2054 (b)(c) | 8255000 | 8304217 |
| General Obligations - 0.2% |  |  |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5% 12/1/2026 (Morgan Stanley Guaranteed)  | 555000 | 561708 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5% 12/1/2027 (Morgan Stanley Guaranteed)  | 230000 | 236468 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5% 6/1/2026 (Morgan Stanley Guaranteed)  | 350000 | 351040 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5% 6/1/2027 (Morgan Stanley Guaranteed)  | 600000 | 611709 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5% 6/1/2028 (Morgan Stanley Guaranteed)  | 470000 | 485791 |
| Kentucky St Pty & Bldgs Commn (Kentucky St Proj.) Series A, 5% 4/1/2027  | 420000 | 429919 |
| Kentucky St Pty & Bldgs Commn (Kentucky St Proj.) Series A, 5% 4/1/2028  | 2000000 | 2092262 |
| TOTAL GENERAL OBLIGATIONS |  | 4768897 |
| Industrial Development - 2.3% |  |  |
| Louisville Jefferson Cnty KY Reg Arpt Auth (Ups Worldwide Forwarding Inc Proj.) Series 1999 B, 2.65% 1/1/2029 (United Parcel Service of America Inc Guaranteed) VRDN (b)(c) | 3300000 | 3300000 |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 A 1, 3.35% 7/1/2060 VRDN (b)(c) | 13115000 | 13115000 |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 B 1, 3.35% 7/1/2060 VRDN (b)(c) | 22185000 | 22185000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 38600000 |
| TOTAL KENTUCKY |  | 81973114 |
| Louisiana - 3.5%  |  |  |
| Housing - 0.2% |  |  |
| Louisiana Housing Corp Series 2024B, 3.75% tender 2/1/2028 (c) | 2000000 | 2010196 |
| Louisiana Housing Corp Series 2024B, 3.75% tender 2/1/2028 (c) | 1130000 | 1137432 |
| TOTAL HOUSING |  | 3147628 |
| Industrial Development - 2.8% |  |  |
| St James Parish LA Rev (Nucor Corp Proj.) 2.6% 11/1/2040 VRDN (c) | 4270000 | 4270000 |
| St James Parish LA Rev (Nucor Corp Proj.) 2.72% 11/1/2040 VRDN (c) | 40035000 | 40035000 |
| St John Baptist Parish LA Rev (Conocophillips Inc Proj.) 4.05% tender 6/1/2037 (c) | 4115000 | 4127289 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 48432289 |
| Synthetics - 0.1% |  |  |
| Los Angeles Hsg Corp Rev Participating VRDN Series 2025 XF3347, 2.7% 7/1/2042 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 2000000 | 1999999 |
| Transportation - 0.4% |  |  |
| New Orleans LA Aviation Board 5% 1/1/2027 (b) | 2340000 | 2375566 |
| New Orleans LA Aviation Board 5% 1/1/2028 (b) | 4410000 | 4562729 |
| TOTAL TRANSPORTATION |  | 6938295 |
| TOTAL LOUISIANA |  | 60518211 |
| Maryland - 0.2%  |  |  |
| Synthetics - 0.2% |  |  |
| Maryland St Econ Dev Corp Participating VRDN Series 2024 XF3222, 2.65% 4/1/2054 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 2810000 | 2810000 |
| Massachusetts - 1.0%  |  |  |
| General Obligations - 1.0% |  |  |
| Bondsville Mass Fire & Wtr Dist Gen. Oblig. BAN 4.875% 11/20/2026  | 2100000 | 2122954 |
| Brockton MA Gen. Oblig. BAN 5% 10/8/2026  | 6275000 | 6350747 |
| Holyoke MA Gen. Oblig. BAN 4% 10/23/2026  | 5800000 | 5843009 |
| Hudson MA Gen. Oblig. BAN 5% 6/11/2026  | 2500000 | 2505919 |
| TOTAL MASSACHUSETTS |  | 16822629 |
| Michigan - 2.3%  |  |  |
| Electric Utilities - 0.3% |  |  |
| Michigan St Strategic Fd Ltd Oblig Rev (Consumers Energy Co Proj.) Series 2019, 3.35% tender 10/1/2049 (b)(c) | 5540000 | 5529969 |
| General Obligations - 0.3% |  |  |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2026  | 1300000 | 1301913 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2027  | 1365000 | 1390191 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2028  | 745000 | 770477 |
| Southfield Mich Pub Schs 5% 5/1/2026 (State of Michigan Guaranteed)  | 1475000 | 1477947 |
| Warren MI Cons Sch Dist Series 2026, 5% 5/1/2027 (State of Michigan Guaranteed)  | 1000000 | 1023868 |
| TOTAL GENERAL OBLIGATIONS |  | 5964396 |
| Health Care - 0.8% |  |  |
| Michigan Fin Auth Rev (Bronson Methodist Hsp, Mi Proj.) Series 2019 C, 3.75% tender 11/15/2049 (c) | 3600000 | 3605081 |
| Michigan Fin Auth Rev (Corewell Health Proj.) 5% 4/15/2026  | 3010000 | 3012612 |
| Michigan State Hospital Finance Authority (Bronson Methodist Hsp, MI Proj.) 5% 11/15/2029  | 6260000 | 6669238 |
| TOTAL HEALTH CARE |  | 13286931 |
| Housing - 0.1% |  |  |
| Michigan State Housing Development Authority Series 2025, 2.7% tender 10/1/2043 (c) | 2175000 | 2148907 |
| Special Tax - 0.1% |  |  |
| Detroit MI Downtown Dev Auth Tax Series 2024, 5% 7/1/2026  | 400000 | 402225 |
| Detroit MI Downtown Dev Auth Tax Series 2024, 5% 7/1/2027  | 550000 | 564953 |
| TOTAL SPECIAL TAX |  | 967178 |
| Transportation - 0.7% |  |  |
| Wayne Cnty MI Arpt Auth Rev Series 2025G, 5% 12/1/2027 (b) | 3155000 | 3258785 |
| Wayne Cnty MI Arpt Auth Rev Series 2025G, 5% 12/1/2028 (b) | 7750000 | 8133335 |
| TOTAL TRANSPORTATION |  | 11392120 |
| TOTAL MICHIGAN |  | 39289501 |
| Minnesota - 0.1%  |  |  |
| Electric Utilities - 0.0% |  |  |
| Northern Muni Pwr Agcy MN Elec Sys Rev Series 2023, 5% 1/1/2027  | 365000 | 370818 |
| General Obligations - 0.1% |  |  |
| Minnesota Housing Finance Agency (Minnesota St Proj.) Series 2022 B, 5% 8/1/2026  | 1080000 | 1088454 |
| TOTAL MINNESOTA |  | 1459272 |
| Mississippi - 0.2%  |  |  |
| Education - 0.2% |  |  |
| Jackson St Univ Edl Bldg Corp MS Rev Series 2021 A, 0.8% 3/1/2028 (Build America Mutual Assurance Co Insured) (c) | 3310000 | 3171677 |
| Missouri - 0.2%  |  |  |
| Housing - 0.1% |  |  |
| Kansas City MO Planned Indl Expansion Auth Multifamily Hsg Rev Series 2023, 5% tender 7/1/2045 (c) | 1528000 | 1550744 |
| Synthetics - 0.1% |  |  |
| St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN 2.65% 10/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1969501 | 1969501 |
| TOTAL MISSOURI |  | 3520245 |
| Montana - 0.3%  |  |  |
| Housing - 0.3% |  |  |
| Montana St Brd Hsg Multifamilyhsg Rev Series 2024, 3.32% tender 7/1/2046 (c) | 4940000 | 4961377 |
| Nebraska - 0.8%  |  |  |
| Industrial Development - 0.2% |  |  |
| Stanton Cnty NE Indl Dev Rev (Nucor Corp Proj.) 2.78% 11/1/2026 VRDN (b)(c) | 3600000 | 3600000 |
| Stanton Cnty NE Indl Dev Rev (Nucor Corp Proj.) 2.78% 6/1/2028 VRDN (b)(c) | 625000 | 625000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 4225000 |
| Synthetics - 0.6% |  |  |
| Omaha NE Arpt Auth Arpt Rev Participating VRDN 2.62% 12/15/2049 (Liquidity Facility Bank of America, N.A.) (b)(c)(e) | 9430000 | 9430000 |
| TOTAL NEBRASKA |  | 13655000 |
| Nevada - 0.1%  |  |  |
| Housing - 0.1% |  |  |
| Nevada Hsg Div Series 2024, 5% tender 7/1/2028 (c) | 1975000 | 2023514 |
| New Hampshire - 1.3%  |  |  |
| Education - 0.0% |  |  |
| New Hampshire Health and Education Facilities Authority Act (New Hampshire Higher Ed Ln Proj.) Series 2023 B, 5.5% 11/1/2026 (b) | 190000 | 192527 |
| Housing - 0.2% |  |  |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) 3.8% 7/1/2026  | 680000 | 680396 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) 3.85% 1/1/2027  | 1080000 | 1082517 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) Series 2023 4, 3.625% 4/1/2026  | 365000 | 365000 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) Series 2023 4, 3.7% 1/1/2027  | 1170000 | 1172294 |
| TOTAL HOUSING |  | 3300207 |
| Resource Recovery - 1.0% |  |  |
| National Fin Auth NH Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2019 A 2, 4.25% tender 7/1/2027 (b)(c) | 11960000 | 12050293 |
| National Fin Auth NH Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2019 A 3, 4% tender 7/1/2033 (b)(c) | 4100000 | 4101811 |
| TOTAL RESOURCE RECOVERY |  | 16152104 |
| Synthetics - 0.1% |  |  |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts Series 2024 MS0023, 2.72% tender 12/15/2030 (Liquidity Facility Morgan Stanley Bank NA) (c)(d)(e) | 2300000 | 2300000 |
| TOTAL NEW HAMPSHIRE |  | 21944838 |
| New Jersey - 1.6%  |  |  |
| Education - 0.0% |  |  |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2026 (b) | 635000 | 643560 |
| General Obligations - 1.4% |  |  |
| Belleville NJ Tan Gen. Oblig. BAN 4% 7/7/2026  | 15512500 | 15552726 |
| New Jersey Econom Dev Auth Rev (New Jersey St Proj.) Series 2019 GGG, 5.25% 9/1/2026 (f) | 1840000 | 1860549 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5% 6/15/2026  | 2295000 | 2306440 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2026  | 2435000 | 2462009 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2026  | 325000 | 328605 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2027  | 630000 | 651874 |
| TOTAL GENERAL OBLIGATIONS |  | 23162203 |
| Housing - 0.2% |  |  |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 2, 2.85% 11/1/2026  | 4060000 | 4062392 |
| TOTAL NEW JERSEY |  | 27868155 |
| New Jersey,New York - 0.8%  |  |  |
| Transportation - 0.8% |  |  |
| Port Auth NY & NJ 5% 10/15/2026 (b) | 2600000 | 2629172 |
| Port Auth NY & NJ 5% 10/15/2027 (b) | 1995000 | 2057374 |
| Port Auth NY & NJ 5% 7/15/2026 (b) | 2550000 | 2565281 |
| Port Auth NY & NJ Series 226, 5% 10/15/2027 (b) | 1445000 | 1490178 |
| Port Auth NY & NJ Series 242, 5% 12/1/2026 (b) | 5495000 | 5570904 |
| TOTAL NEW JERSEY,NEW YORK |  | 14312909 |
| New Mexico - 0.3%  |  |  |
| Housing - 0.3% |  |  |
| Santa Fe Cnty N Mex Multifamily Rev Series 2024, 3.29% tender 12/10/2049 (c) | 5660000 | 5675368 |
| New York - 7.4%  |  |  |
| Education - 0.0% |  |  |
| St Lawrence County Industrial Development Agency (St Lawrence University Proj.) 5% 7/1/2026  | 255000 | 256353 |
| Electric Utilities - 0.2% |  |  |
| Long Island Pwr Auth NY Elec Series 2025B, 3% tender 9/1/2055 (c) | 3755000 | 3757254 |
| General Obligations - 3.2% |  |  |
| Binghamton NY BAN 4% 4/10/2026  | 16200000 | 16204190 |
| East Hampton NY Un Free Sh Dis 2.1% 6/1/2027  | 1285000 | 1261546 |
| East Syracuse-Minoa NY Cent SD BAN Series 2025, 4% 6/25/2026  | 5900000 | 5915509 |
| Farmington NY Gen. Oblig. BAN Series 2025, 4% 7/29/2026  | 6600000 | 6609585 |
| Ithaca City New York Gen. Oblig. BAN 4.5% 7/17/2026  | 2600000 | 2609390 |
| New Hartford NY Cent Sch Dist BAN Series 2025, 4% 6/25/2026  | 3300000 | 3310335 |
| Ogdensburg NY Enlrg Cty Sch Ds BAN Series 2025, 4% 7/22/2026  | 4500000 | 4517477 |
| Sullivan West Cent Sch Dist NY BAN Series 2025, 4% 6/25/2026  | 7200000 | 7216953 |
| Town of Dryden NY Gen. Oblig. BAN Series 2026, 4% 1/19/2027  | 7000000 | 7066189 |
| TOTAL GENERAL OBLIGATIONS |  | 54711174 |
| Housing - 0.6% |  |  |
| Monroe Cnty NY Indl Dev Agy Multi-Family Hsg Rev 5% tender 7/1/2028 (c) | 947000 | 970262 |
| New York St Hsg Fin Agy Series 2023 E 2, 3.8% tender 11/1/2063 (c) | 1170000 | 1170466 |
| New York St Hsg Fin Agy Series 2024 A, 3.375% tender 11/1/2063 (c) | 8340000 | 8341370 |
| TOTAL HOUSING |  | 10482098 |
| Special Tax - 0.4% |  |  |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2027  | 5895000 | 6121614 |
| NY Payroll Mobility Tax 2% tender 5/15/2045 (c) | 635000 | 634563 |
| TOTAL SPECIAL TAX |  | 6756177 |
| Synthetics - 2.7% |  |  |
| Liberty NY Dev Corp Rev Participating VRDN 2.77% 10/1/2035 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 2578500 | 2578500 |
| Metropolitan Transn Auth NY Rv Participating VRDN 2.67% 11/15/2043 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 4445000 | 4445000 |
| Metropolitan Transn Auth NY Rv Participating VRDN Series 2022 XF1321, 2.67% 11/15/2055 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 3025000 | 3025000 |
| Metropolitan Transn Auth NY Rv Participating VRDN Series 2023 XF1649, 2.67% 11/15/2045 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 4480000 | 4480000 |
| New York St Hsg Fin Agy Participating VRDN Series 2022 003, 2.77% 11/1/2041 (Liquidity Facility Barclays Bank PLC) (c)(e) | 3500000 | 3500000 |
| New York St Hsg Fin Agy Participating VRDN Series 2022 007, 2.87% 11/1/2041 (Liquidity Facility Barclays Bank PLC) (b)(c)(e) | 27890000 | 27890000 |
| TOTAL SYNTHETICS |  | 45918500 |
| Transportation - 0.3% |  |  |
| Metropolitan Transn Auth NY Rv Series 2017 B, 5% 11/15/2026  | 1270000 | 1289231 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2026 (b) | 3175000 | 3211672 |
| TOTAL TRANSPORTATION |  | 4500903 |
| TOTAL NEW YORK |  | 126382459 |
| North Carolina - 0.6%  |  |  |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Cumberland Cnty NC Series 2024, 3.125% tender 12/1/2027 (b)(c) | 3500000 | 3500361 |
| Health Care - 0.1% |  |  |
| Atrium Health Series 2018 D, 3.625% tender 1/15/2048 (c) | 2850000 | 2875309 |
| Housing - 0.3% |  |  |
| Inlivian NC Multifamily Rev 3.625% tender 11/1/2058 (c) | 4350000 | 4386417 |
| TOTAL NORTH CAROLINA |  | 10762087 |
| Ohio - 1.4%  |  |  |
| Education - 0.1% |  |  |
| Ohio St Higher Ed Fac Comm (Case Western Reserve Univ, Oh Proj.) 1.625% tender 12/1/2034 (c) | 735000 | 725766 |
| Ohio St Higher Ed Fac Comm (Xavier Univ, OH Proj.) Series 2020, 5% 5/1/2026  | 700000 | 700935 |
| TOTAL EDUCATION |  | 1426701 |
| Electric Utilities - 0.8% |  |  |
| American Mun Pwr Rev Series 2023A, 5% 2/15/2027  | 4915000 | 5006857 |
| Ohio St Air Quality Dev Auth (American Electric Power Co Inc Proj.) Series 2014C, 3.65% 12/1/2027 (b) | 4055000 | 4073537 |
| Ohio St Air Quality Dev Auth (American Electric Power Co Inc Proj.) Series 2014D, 3.2% 5/1/2026 (Escrowed to Maturity)  | 3720000 | 3721888 |
| TOTAL ELECTRIC UTILITIES |  | 12802282 |
| Health Care - 0.4% |  |  |
| Ohio St Hosp Rev (University Hosp Hlth Sys, Oh Proj.) Series 2015B, 2.96% 1/15/2045 VRDN (c) | 6405000 | 6405000 |
| Housing - 0.1% |  |  |
| Columbus-Franklin Cnty Ohio Fin Auth Multifamily Hsg Rev Series 2023, 5% tender 7/1/2045 (c) | 1333000 | 1345647 |
| Water & Sewer - 0.0% |  |  |
| Hamilton Cnty OH Swr Sys Rev Series 2024 B, 5% 12/1/2026  | 755000 | 767190 |
| Hamilton Cnty OH Swr Sys Rev Series 2024 B, 5% 12/1/2027  | 505000 | 524961 |
| TOTAL WATER & SEWER |  | 1292151 |
| TOTAL OHIO |  | 23271781 |
| Oklahoma - 1.3%  |  |  |
| General Obligations - 0.7% |  |  |
| Oklahoma Cnty Indep Sch Dist 89 Oklahoma City 3% 7/1/2026  | 7140000 | 7146966 |
| Oklahoma St Inds Auth Edl Facs Lease Rev (Oklahoma Cnty Indep Sch Dist 89 Oklahoma City Proj.) Series 2024, 5% 4/1/2028  | 5125000 | 5354279 |
| TOTAL GENERAL OBLIGATIONS |  | 12501245 |
| Health Care - 0.5% |  |  |
| OK Dev Fin Auth Health Sys Rev (Integris Baptist Medical Ctr Proj.) Series 2020B, 3.06% 8/15/2031 VRDN (c) | 7425000 | 7425000 |
| Synthetics - 0.1% |  |  |
| Steele Duncan Plaza LLC Participating VRDN Series 2022 MIZ9103, 2.65% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1642775 | 1642774 |
| TOTAL OKLAHOMA |  | 21569019 |
| Oregon - 0.1%  |  |  |
| General Obligations - 0.1% |  |  |
| Redmond or Gen. Oblig. Series 2025 A, 5% 6/1/2029 (b) | 1055000 | 1112753 |
| Transportation - 0.0% |  |  |
| Port of Portland Arpt Rev 5% 7/1/2026  | 360000 | 362229 |
| TOTAL OREGON |  | 1474982 |
| Pennsylvania - 5.4%  |  |  |
| General Obligations - 0.8% |  |  |
| Pennsylvania St 5% 9/1/2026  | 7990000 | 8072684 |
| Pennsylvania St Series 2019, 5% 7/15/2026  | 2000000 | 2014265 |
| Philadelphia PA Gen. Oblig. Series 2025 C, 5% 8/1/2026  | 590000 | 594618 |
| Philadelphia PA Gen. Oblig. Series 2025 C, 5% 8/1/2027  | 3555000 | 3664472 |
| TOTAL GENERAL OBLIGATIONS |  | 14346039 |
| Health Care - 1.0% |  |  |
| Dauphin Cnty PA Gen Auth Hlth Sys Rev (UPMC Proj.) Series 2016 A, 5% 6/1/2026  | 255000 | 255788 |
| Geisinger Auth PA Hlth Sys Rev (Kaiser Permanente Hlth System Proj.) Series 2020 B, 5% tender 4/1/2043 (c) | 3975000 | 4010084 |
| Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2018 D, 3.23% 9/1/2050 VRDN (c) | 8380000 | 8380000 |
| Philadelphia PA Auth For Indl Dev Revs (Thomas Jefferson Univ-Abiington Proj.) Series 2017 B, 3.23% 9/1/2050 VRDN (c) | 4165000 | 4165000 |
| TOTAL HEALTH CARE |  | 16810872 |
| Resource Recovery - 3.3% |  |  |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2010 B, 3% tender 12/1/2030 (c) | 2000000 | 2000000 |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2014, 3.35% tender 6/1/2044 (b)(c) | 14900000 | 14900000 |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2019 A, 3.25% tender 4/1/2034 (b)(c) | 600000 | 599954 |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2019 B, 3.25% tender 4/1/2049 (b)(c) | 2500000 | 2499800 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) 4.25% tender 7/1/2041 (b)(c) | 4700000 | 4741811 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2019 A, 3.875% tender 8/1/2038 (b)(c) | 7900000 | 7910744 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2021A 2, 4.6% tender 10/1/2046 (b)(c) | 15885000 | 15932356 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2021A, 4% tender 6/1/2041 (b)(c) | 7450000 | 7453465 |
| TOTAL RESOURCE RECOVERY |  | 56038130 |
| Transportation - 0.3% |  |  |
| Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2021 A, 5% 1/1/2027 (b) | 655000 | 665396 |
| Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2023A, 5% 1/1/2027 (Assured Guaranty Inc Insured) (b) | 540000 | 549258 |
| Philadelphia PA Airport Rev Series 2021, 5% 7/1/2026 (b) | 635000 | 638226 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2028 (b) | 565000 | 590229 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2029 (b) | 2825000 | 2995258 |
| TOTAL TRANSPORTATION |  | 5438367 |
| TOTAL PENNSYLVANIA |  | 92633408 |
| South Carolina - 0.5%  |  |  |
| Electric Utilities - 0.1% |  |  |
| South Carolina St Svc Auth Rev 5% 12/1/2026  | 2370000 | 2408106 |
| Industrial Development - 0.3% |  |  |
| Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 2.78% 4/1/2030 VRDN (b)(c) | 3000000 | 3000000 |
| Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 2.78% 9/1/2028 VRDN (b)(c) | 800000 | 800000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 3800000 |
| Synthetics - 0.1% |  |  |
| South Carolina Conway Hosp Participating VRDN Series 2022 019, 2.77% 7/1/2047 (Liquidity Facility Barclays Bank PLC) (c)(e) | 2400000 | 2400000 |
| Transportation - 0.0% |  |  |
| South Carolina St Ports Auth Series 2019 B, 5% 7/1/2027 (b) | 170000 | 174051 |
| TOTAL SOUTH CAROLINA |  | 8782157 |
| Tennessee - 1.3%  |  |  |
| Health Care - 0.7% |  |  |
| Chatanooga TN Health Ed & Hsg Fac Brd Rev (Commonspirit Health Proj.) 2.63% 5/1/2039 VRDN (c) | 11985000 | 11985000 |
| Housing - 0.4% |  |  |
| Chattanooga Tenn Health Edl & Hsg Fac Brd Multifamily Hsg Series 2025, 2.95% tender 5/1/2044 (c) | 2340000 | 2330189 |
| Kingsport Tenn Indl Dev Brd Collateralized Multifamily Hsg Rev Series 2025, 2.95% tender 9/1/2029 (c) | 5210000 | 5189608 |
| TOTAL HOUSING |  | 7519797 |
| Resource Recovery - 0.0% |  |  |
| Lewisburg Tenn Indl Dev Brd So Lid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2012, 3% tender 7/2/2035 (b)(c) | 400000 | 399923 |
| Synthetics - 0.1% |  |  |
| Metropolitan Govt Nashville & Davidson County Hlth & Edl Facs Participating VRDN Series 2024 MIZ9163, 2.65% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1540658 | 1540658 |
| Transportation - 0.1% |  |  |
| Metro Nashville Arpt Auth Rev 5% 7/1/2026 (b) | 430000 | 432000 |
| Metro Nashville Arpt Auth Rev 5% 7/1/2027 (b) | 650000 | 666289 |
| TOTAL TRANSPORTATION |  | 1098289 |
| TOTAL TENNESSEE |  | 22543667 |
| Texas - 14.0%  |  |  |
| Education - 0.0% |  |  |
| Brazos Tex Higher Ed Auth Inc Student Loan Prog Rev 5% 4/1/2027 (b) | 500000 | 506798 |
| Electric Utilities - 1.0% |  |  |
| San Antonio TX Elec & Gas Rev Series 2025A, 3.08% tender 2/1/2055 (c) | 6125000 | 6113996 |
| San Antonio TX Elec & Gas Rev Series 2026A, 2.9% tender 2/1/2055 (c) | 2815000 | 2800012 |
| San Antonio TX Elec & Gas Rev Series 2026A, 3% tender 2/1/2055 (c) | 8185000 | 8112678 |
| TOTAL ELECTRIC UTILITIES |  | 17026686 |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Tarrant Cnty TX Cultural Ed Facs Fin Corp Hosp Rev 5% tender 11/15/2052 (c) | 2695000 | 2698290 |
| General Obligations - 2.6% |  |  |
| Argyle TX Indpt Sch Dist Series 2025 B 1, 4% tender 8/15/2057 (Permanent Sch Fund of Texas Guaranteed) (c) | 2830000 | 2872967 |
| Argyle TX Indpt Sch Dist Series 2025 B 2, 4% tender 8/15/2057 (Permanent Sch Fund of Texas Guaranteed) (c) | 4380000 | 4501946 |
| Cuero TX Independent School District 5% 8/15/2026 (Permanent Sch Fund of Texas Guaranteed)  | 1240000 | 1251037 |
| Dallas TX ISD Series 2026B, 5% tender 2/15/2056 (Permanent Sch Fund of Texas Guaranteed) (c) | 2485000 | 2656760 |
| Denton Independent School District Series B1, 4% tender 8/15/2055 (Permanent Sch Fund of Texas Guaranteed) (c) | 8355000 | 8587616 |
| Humble TX Indpt Sch Dist Series 2025, 5% 2/15/2029 (Permanent Sch Fund of Texas Guaranteed)  | 3490000 | 3714272 |
| Hutto TX Indpt Sch Dist Series 2015, 4% tender 2/1/2055 (Permanent Sch Fund of Texas Guaranteed) (c) | 2755000 | 2830596 |
| Navarro Tex Indpt Sch Dist Series 2025, 4% tender 2/15/2062 (Permanent Sch Fund of Texas Guaranteed) (c) | 3300000 | 3374426 |
| North East Indpt Sch Dist TX Series 2024, 3.75% tender 8/1/2049 (Permanent Sch Fund of Texas Guaranteed) (c) | 1870000 | 1887910 |
| Northside TX Indpt Sch Dist Series 2023 B, 3% tender 8/1/2053 (Permanent Sch Fund of Texas Guaranteed) (c) | 5905000 | 5905522 |
| Northside TX Indpt Sch Dist Series 2024B, 3.45% tender 8/1/2054 (Permanent Sch Fund of Texas Guaranteed) (c) | 2120000 | 2133956 |
| Prosper Tex Indpt Sch Dist Series 2019 B, 4% tender 2/15/2050 (Permanent Sch Fund of Texas Guaranteed) (c) | 1050000 | 1055136 |
| Texarkana Tex Indpt Sch Dist Series 2024, 4% tender 2/15/2053 (Permanent Sch Fund of Texas Guaranteed) (c) | 4520000 | 4540594 |
| Texas Mun Gas Acquisition & Supply Corp IV Gas Supply Rev Series 2023A, 5.25% 1/1/2027 (BP PLC Guaranteed)  | 635000 | 643497 |
| Texas State Gen. Oblig. Series 2016, 5.5% 8/1/2026 (b) | 645000 | 650505 |
| TOTAL GENERAL OBLIGATIONS |  | 46606740 |
| Housing - 0.4% |  |  |
| Dallas Tex Hsg Fin Corp Multi Family Hsg Rev Series 2023, 5% tender 7/1/2042 (c) | 1982000 | 2011501 |
| Houston Tex Fin Corp Multifamilty Hsg Rev 5% tender 8/1/2041 (c) | 1080000 | 1084884 |
| Legacy Denton Public Facility Corp 2.96% tender 4/1/2043 (c)(h) | 1600000 | 1599180 |
| Texas St Affordable Hsg Corp Multifamily Hsg Rev Series 2023, 3.625% tender 1/1/2045 (c) | 1365000 | 1371840 |
| TOTAL HOUSING |  | 6067405 |
| Industrial Development - 6.0% |  |  |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 2.8% 11/1/2040 VRDN (c) | 16775000 | 16775000 |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 3.21% 11/1/2040 VRDN (c) | 22600000 | 22600000 |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 3.26% 12/1/2027 VRDN (b)(c) | 61785000 | 61785000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 101160000 |
| Resource Recovery - 0.8% |  |  |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2020A, 3% tender 5/1/2050 (b)(c) | 1700000 | 1699832 |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2020 A, 2.875% tender 5/1/2046 (b)(c) | 4850000 | 4847384 |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2020 B, 2.875% tender 7/1/2040 (b)(c) | 4300000 | 4297680 |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2023A, 4.25% tender 6/1/2048 (b)(c) | 2800000 | 2822644 |
| TOTAL RESOURCE RECOVERY |  | 13667540 |
| Special Tax - 0.1% |  |  |
| Fort Worth Tex Spl Tax Rev (Will Rogers Memorial Ctr Proj.) Series 2025, 5% 3/1/2028  | 500000 | 521660 |
| Houston TX Hotel Occ Tx & Spl Rev Series 2014, 5% 9/1/2026  | 955000 | 956424 |
| TOTAL SPECIAL TAX |  | 1478084 |
| Synthetics - 1.0% |  |  |
| El Paso TX Hsg Fin Auth Participating VRDN Series 2022 MIZ9104, 2.65% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1321260 | 1321260 |
| HHA Fountainview Multifamily Hsg Rev Participating VRDN Series 2024 XG0585, 3.05% 7/1/2064 (Liquidity Facility Barclays Bank PLC) (c)(e) | 3300000 | 3300000 |
| Texas Affordable Hsg Corp Multi Fam Hsg Rev Participating VRDN 2.65% 10/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 13246483 | 13246483 |
| TOTAL SYNTHETICS |  | 17867743 |
| Transportation - 1.9% |  |  |
| Austin Tex Airport Sys Series 2025, 5% 11/15/2026 (b) | 460000 | 465853 |
| Austin Tex Airport Sys Series 2025, 5% 11/15/2028 (b) | 1525000 | 1600885 |
| Austin Tex Airport Sys Series 2025, 5% 11/15/2029 (b) | 2170000 | 2312169 |
| Dallas Fort Worth International Airport Series 2025 A 1, 5% 11/1/2027 (b) | 5835000 | 6018753 |
| Dallas Fort Worth International Airport Series 2025 A 1, 5% 11/1/2028 (b) | 20860000 | 21916288 |
| Galveston TX Wharves & Terminal Revenue Series 2023, 5.25% 8/1/2027 (b) | 315000 | 321522 |
| TOTAL TRANSPORTATION |  | 32635470 |
| TOTAL TEXAS |  | 239714756 |
| Utah - 0.9%  |  |  |
| Health Care - 0.1% |  |  |
| Utah Cnty Utah Hosp Rev (Ihc Health Services Inc Proj.) Series 2020B 2, 5% tender 5/15/2060 (c) | 1565000 | 1575539 |
| Industrial Development - 0.0% |  |  |
| Box Elder Cnty Utah Pollution Ctl Rev (Nucor Corp Proj.) 3.1% 4/1/2028 VRDN (c) | 1100000 | 1100000 |
| Synthetics - 0.6% |  |  |
| Salt Lake City UT Arpt Rev Participating VRDN Series 2023 XM1147, 2.54% 7/1/2043 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 9700000 | 9700000 |
| Transportation - 0.2% |  |  |
| Salt Lake City UT Arpt Rev Series 2023A, 5% 7/1/2026 (b) | 635000 | 638498 |
| Salt Lake City UT Arpt Rev Series 2023A, 5% 7/1/2027 (b) | 595000 | 609911 |
| Salt Lake City UT Arpt Rev Series 2025A, 5% 7/1/2027 (b) | 2540000 | 2603653 |
| TOTAL TRANSPORTATION |  | 3852062 |
| TOTAL UTAH |  | 16227601 |
| Vermont - 0.1%  |  |  |
| Education - 0.1% |  |  |
| Vermont St Stud Assit Corp 5% 6/15/2026 (b) | 1080000 | 1083942 |
| Vermont St Stud Assit Corp Series 2019 A, 5% 6/15/2026 (b) | 775000 | 777829 |
| TOTAL VERMONT |  | 1861771 |
| Virginia - 0.6%  |  |  |
| Electric Utilities - 0.5% |  |  |
| Chesapeake VA Economic Dev Auth Pollution Ctl Rev (Virginia Electric And Power Co Proj.) Series 2008A, 3.65% tender 2/1/2032 (c) | 1500000 | 1518206 |
| Halifax Cnty VA Indl Dev Auth Pollution Ctl Rev (Virginia Electric And Power Co Proj.) 3.8% tender 12/1/2041 (c) | 4965000 | 5021663 |
| Wise Cnty VA Indl Dev Auth Solid Waste & Sew Disp Rev (Virginia Electric And Power Co Proj.) Series 2010A, 3.8% tender 11/1/2040 (c) | 1815000 | 1835713 |
| TOTAL ELECTRIC UTILITIES |  | 8375582 |
| Synthetics - 0.1% |  |  |
| Lynchburg Economic Development Authority Participating VRDN Series 2018 XL0075, 2.67% 1/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 250000 | 250000 |
| Nat'l Sr Campuses Participating VRDN Series 2022 028, 2.77% 1/1/2045 (Liquidity Facility Barclays Bank PLC) (c)(e) | 1100000 | 1100000 |
| TOTAL SYNTHETICS |  | 1350000 |
| TOTAL VIRGINIA |  | 9725582 |
| Washington - 2.2%  |  |  |
| Health Care - 0.6% |  |  |
| Washington St Health Care Facs Auth Rev (Multicare Health System, WA Proj.) 5% 8/15/2027  | 4500000 | 4617948 |
| Washington St Health Care Facs Auth Rev (Multicare Health System, WA Proj.) 5% 8/15/2028  | 4600000 | 4805049 |
| Washington St Health Care Facs Auth Rev (Multicare Health System, WA Proj.) 5% 8/15/2029  | 825000 | 874147 |
| TOTAL HEALTH CARE |  | 10297144 |
| Housing - 0.1% |  |  |
| Seattle Wash Hsg Auth Rev Series 2023, 5% 6/1/2027  | 765000 | 771036 |
| Washington St Hsg Fin Commn Multifamily Hsg Rev Series 2023, 5% tender 12/1/2043 (c) | 1407000 | 1411399 |
| TOTAL HOUSING |  | 2182435 |
| Transportation - 1.5% |  |  |
| Port Seattle WA Rev Series 2018A, 5% 5/1/2027 (b) | 2610000 | 2669227 |
| Port Seattle WA Rev Series 2021C, 5% 8/1/2029 (b) | 8635000 | 9180578 |
| Port Seattle WA Rev Series 2022B, 5% 8/1/2026 (b) | 995000 | 1002021 |
| Port Seattle WA Rev Series 2024B, 5% 7/1/2029 (b) | 10415000 | 11059292 |
| Port Seattle WA Rev Series B, 5% 10/1/2027 (b) | 635000 | 635596 |
| TOTAL TRANSPORTATION |  | 24546714 |
| TOTAL WASHINGTON |  | 37026293 |
| West Virginia - 1.0%  |  |  |
| Electric Utilities - 0.2% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2009B, 3.7% tender 12/1/2042 (c) | 3980000 | 4044495 |
| Health Care - 0.3% |  |  |
| West Virginia St Hosp Fin Auth Hosp Rev (West Virginia United Health Sy Stem Proj.) Series 2018 E, 3.04% 6/1/2033 VRDN (c) | 4310000 | 4310000 |
| Housing - 0.1% |  |  |
| West VA St Hsg Dev Fd Multifamily Hsg Rev Series 2024, 5% tender 8/1/2027 (c) | 3170000 | 3232838 |
| Industrial Development - 0.4% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2011A, 3.3% tender 1/1/2041 (b)(c) | 2985000 | 2996595 |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Nucor Steel West Virginia Llc Proj.) Series 2025A 1, 2.78% 11/1/2065 (Nucor Corp Guaranteed) VRDN (b)(c) | 3300000 | 3300000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 6296595 |
| TOTAL WEST VIRGINIA |  | 17883928 |
| Wisconsin - 0.8%  |  |  |
| General Obligations - 0.4% |  |  |
| Milwaukee WI Gen. Oblig. 2% 3/1/2027  | 1965000 | 1946122 |
| Milwaukee WI Gen. Oblig. 5% 4/1/2026  | 1105000 | 1105000 |
| PMA Levy & Aid Anticipation Notes Program TRAN (Wauwatosa Wis Sch Dist Proj.) 5% 9/24/2026  | 4000000 | 4040717 |
| TOTAL GENERAL OBLIGATIONS |  | 7091839 |
| Health Care - 0.1% |  |  |
| Wisconsin St Health & Edl Facs Auth Rev (Mercy Alliance Inc Proj.) Series 2025A, 5% 6/1/2027  | 850000 | 870125 |
| Wisconsin St Health & Edl Facs Auth Rev (Mercy Alliance Inc Proj.) Series 2025A, 5% 6/1/2028  | 785000 | 818058 |
| TOTAL HEALTH CARE |  | 1688183 |
| Housing - 0.0% |  |  |
| Wisconsin Hsg & Eda Hsg Rev (Wi Mhsg Rev 2007 Proj.) Series 2023 E, 3.875% tender 11/1/2054 (c) | 465000 | 465236 |
| Industrial Development - 0.2% |  |  |
| Wisconsin St Health & Edl Facs Auth Rev (WI Forensic Science Proj Proj.) Series 2024, 5% 8/1/2027 (f) | 3040000 | 3052344 |
| Resource Recovery - 0.1% |  |  |
| Public Fin Auth Wis Sld Waste (Waste Management Inc Del Proj.) Series A 3, 3% tender 9/1/2027 (b)(c) | 900000 | 899827 |
| Transportation - 0.0% |  |  |
| Milwaukee Cnty WI Arpt Rev Series 2023 A, 5% 12/1/2026 (b) | 510000 | 516909 |
| TOTAL WISCONSIN |  | 13714338 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $1,646,248,913) |  | <br> **1647690996** |

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---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 3.0%** | &nbsp;&nbsp;**Money Market Funds - 3.0%** | &nbsp;&nbsp;**Money Market Funds - 3.0%** | &nbsp;&nbsp;**Money Market Funds - 3.0%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Municipal Cash Central Fund (i)(j)<br>(Cost $50,627,527)<br>| 2.60 | 50617404 | **50627527** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.2%**<br> (Cost $1,696,876,440)<br>| <br>**1698318523** |
| **NET OTHER ASSETS (LIABILITIES) - 0.8%**  | **14499020** |
| **NET ASSETS - 100.0%** | **1712817543** |

---

**Security Type Abbreviations**

BAN - BOND ANTICIPATION NOTE <br> TRAN - TAX AND REVENUE ANTICIPATION NOTE <br> VRDN - VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $93,098,520 or 5.4% of net assets.

(e) Provides evidence of ownership in one or more underlying municipal bonds. Coupon rates are determined by re-marketing agents based on current market conditions.

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $7,410,177 or 0.4% of net assets.

(g) Zero coupon bond which is issued at a discount.

(h) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(i) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.

(j) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2023 MIZ9157, 2.65% 12/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 12/21/2023 | 1905969 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9232, 2.7% 10/8/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 10/9/2025 | 5800000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9233, 2.7% 12/1/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 10/9/2025 | 16000000 |
| El Paso TX Hsg Fin Auth Participating VRDN Series 2022 MIZ9104, 2.65% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 8/5/2022 | 1321260 |
| Los Angeles CA Multi Fam Mtg Rev Participating VRDN Series 2025 MIZ9221, 2.6% 8/4/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 8/5/2025 | 10550000 |
| Metropolitan Govt Nashville & Davidson County Hlth & Edl Facs Participating VRDN Series 2024 MIZ9163, 2.65% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/18/2024 | 1540658 |
| Miami Dade County Hsg Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9087, 2.65% 11/1/2061 (Liquidity Facility Mizuho Capital Markets LLC) | 1/27/2022 | 1015000 |
| San Francisco City & County Multi Fam Hsg Rev Participating VRDN 2.6% 12/1/2052 (Liquidity Facility Mizuho Capital Markets LLC) | 12/19/2022 - 1/30/2023 | 25415001 |
| San Francisco City & County Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9095, 2.6% 7/1/2057 (Liquidity Facility Mizuho Capital Markets LLC) | 4/1/2022 | 10391875 |
| St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN 2.65% 10/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 11/17/2023 | 1969501 |
| Steele Duncan Plaza LLC Participating VRDN Series 2022 MIZ9103, 2.65% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 8/11/2022 | 1642775 |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts Series 2024 MS0023, 2.72% tender 12/15/2030 (Liquidity Facility Morgan Stanley Bank NA) | 4/16/2024 | 2300000 |
| Texas Affordable Hsg Corp Multi Fam Hsg Rev Participating VRDN 2.65% 10/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/27/2023 | 13246483 |

---

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 79557979 | 142517418 | 171447870 | 280515 | - | - | 50627527 | 50617404 | 1.3% |
| Total | 79557979 | 142517418 | 171447870 | 280515 | - | - | 50627527 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1713089871.50

**Total Liabilities:** $5863769.39

**Net Assets:** $1707226102.11

**Cash Not Reported:** $653.79

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 14287.34698910 | **1-Year:** 57443.14950860 | **5-Year:** 34268.01406240 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 1979.29415950 | **1-Year:** 837.63283500 | **5-Year:** 704.23198875 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131629 | 0.30%                | 0.31%                | -0.07%               |
| Class ID C000243072 | 0.30%                | 0.31%                | -0.07%               |
| Class ID C000243073 | 0.29%                | 0.29%                | -0.09%               |
| Class ID C000243074 | 0.30%                | 0.31%                | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $2461298.68                                |
| Month 2  | $127082.52               | $1544691.86                                |
| Month 3  | $372606.15               | $-5410583.54                               |

### Schedule of Portfolio Investments

| Name                                                                               | Title                                                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BERKELEY CNTY SC INDL DEV REV                                                      | SC NUCOR 95 V7@                                                                            | CUSIP: 084185DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.05%             | 2028-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC INDL DEV REV                                                      | SC NUCOR 97 V7@                                                                            | CUSIP: 084185DD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.18%             | 2030-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLYTHEVILLE AR INDL DEV REV                                                        | AR NUCOR 98 V7@                                                                            | CUSIP: 096490BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.18%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BOX ELDER CNTY UTAH POLLUTION CTL REV                                              | BOX ELDER CNTY UTAH POLLUTION CTL REV VAR-REF-NUCOR CORP PROJ                              | CUSIP: 103160AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.06%             | 2028-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 3.125% 11/1/2040 AMT                                                          | CUSIP: 130536QW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6852328.32   | 0.40%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                                        | CHTNOOGA TN COMNSPIRIT HLTH V7                                                             | CUSIP: 162410CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11985000 | PA      | $11985000.00  | 0.70%             | 2039-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                             | CO MESIVTA GRTR LA 04 L=DB V7                                                              | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $630000.00    | 0.04%             | 2029-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DECATUR AL INDL DEV BRD EXEMPT                                                     | AL NUCOR 03A V7@                                                                           | CUSIP: 242846AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9426000 | PA      | $9426000.00   | 0.55%             | 2036-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                       | Fidelity Municipal Cash Central Fund                                                       | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  50617404 | NS      | $50627527.46  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                 | HLTH BAPTIST AL 2013B V7                                                                   | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2923000 | PA      | $2923000.00   | 0.17%             | 2042-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECONOMIC DEV REV                                               | IN FIN ECON VAR MT@                                                                        | CUSIP: 45505RBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2699636.04   | 0.16%             | 2028-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KANE CNTY ILL REV                                                                  | IL GLENWOOD SCH 93 L=NT V7                                                                 | CUSIP: 483870AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.01%             | 2028-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LEWISBURG TENN INDL DEV BRD SO LID WASTE DISP REV                                  | LEWSBRG TN (WSTE MGT) MT@                                                                  | CUSIP: 528236AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399923.20    | 0.02%             | 2035-07-02      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LIBERTY NY DEV CORP REV                                                            | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY                                              | CUSIP: 531127AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2578500 | PA      | $2578500.00   | 0.15%             | 2035-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE JEFF CO KY RGAPT AU                                                     | LOUISVILLE and JEFFERSON CO KY REGIONAL AIRPORT AUTH SER B UPS WORLDWIDE INC PRJ ***AMT*** | CUSIP: 546598AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.19%             | 2029-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | MET PIER and EXPO 0% 6/15/2026                                                             | CUSIP: 592248AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $715769.78    | 0.04%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.78% MT                                                                     | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $876613.33    | 0.05%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PENNSYLVANIA ECONOMIC DEV FINGAUTH SOLID WASTE DISP REV VAR-REF-REP SVCS INC-B             | CUSIP: 708692BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.12%             | 2030-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 2.15% MT@                                                                       | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4741811.20   | 0.28%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 3.65% MT@                                                                       | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14900000 | PA      | $14900000.00  | 0.87%             | 2044-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV                                    | PHX IDA SW 3.85% 12/1/2035 @                                                               | CUSIP: 71884RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4204583.28   | 0.25%             | 2035-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***                      | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  61785000 | PA      | $61785000.00  | 3.62%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PRT ARTHR TX MTVA10E Q=SELF V7                                                             | CUSIP: 735220AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22600000 | PA      | $22600000.00  | 1.32%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PRT ARTHR TX MTVA10D Q=SELF V7                                                             | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16775000 | PA      | $16775000.00  | 0.98%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                             | LA NUCOR 10A1 V7                                                                           | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40035000 | PA      | $40035000.00  | 2.35%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                             | LA NUCOR 10B1 V7                                                                           | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4270000 | PA      | $4270000.00   | 0.25%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN IL DA SLD WST DIS                                                     | SW IL WSTE MGMT 02 L=JP V7@                                                                | CUSIP: 84552KAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.11%             | 2027-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                       | NE NUCOR 96 V7@                                                                            | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.21%             | 2026-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                       | NE NUCOR 98 V7@                                                                            | CUSIP: 854743AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625000.00    | 0.04%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WALKER CNTY AL ECONOMIC and INDL DEV AUTH SOLID WASTE DISP REV                     | AL PWR - SOUTHERN CO 07 V1@                                                                | CUSIP: 931542AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.11%             | 2036-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 1/1/2028                                                                        | CUSIP: 626207Q49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2016627.20   | 0.12%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DAUPHIN CO PA GEN AUTH HLTH SYS REV                                                | DAUPHIN HLTH PA 5% 6/1/26                                                                  | CUSIP: 23825EDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255787.77    | 0.01%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 10/1/2027 @                                                                | CUSIP: 735389XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635596.27    | 0.04%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 2/1/27                                                                            | CUSIP: 452152G88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7736917.04   | 0.45%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CO FL SLDWST RECV                                                     | HILLSBOROUGH CNTY SOLID WASTE 5% 9/1/2026                                                  | CUSIP: 432342DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1445951.92   | 0.08%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SLD DISP WST REV                                                     | IA MIDAMERICAN - BRK 16B V7@                                                               | CUSIP: 46245EAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600000.00   | 0.27%             | 2046-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 5% 11/15/2026                                                                | CUSIP: 59261ANH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1289231.36   | 0.08%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 11/1/2026                                                                         | CUSIP: 452152Q61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $941771.38    | 0.06%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 11/1/2027                                                                         | CUSIP: 452152P96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $976308.42    | 0.06%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                 | BROW CO FL ARPT 5% 10/1/2028 @                                                             | CUSIP: 114894XH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $282825.87    | 0.02%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 2% 12/1/2044 AMT                                                              | CUSIP: 13048RAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9625000 | PA      | $9625909.56   | 0.56%             | 2044-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                            | RAILSPLITTER IL 5% 6/1/26                                                                  | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $637636.71    | 0.04%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                   | OH UNIV HOSP HLTH SVCS 15B V7                                                              | CUSIP: 67756CCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6405000 | PA      | $6405000.00   | 0.38%             | 2045-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                             | PA THO JFFRSN U 17B RFLOAT7                                                                | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4165000.00   | 0.24%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SLD WASTE                                                      | PFA WI SD WSTE 1.53% SER A-3 MT@                                                           | CUSIP: 74445MAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $899827.20    | 0.05%             | 2027-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                   | PA THO JFFRSN U 18D RFLOAT V7                                                              | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8380000 | PA      | $8380000.00   | 0.49%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN SER B 5% 12/1/2026@                                                           | CUSIP: 646080TT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $643560.31    | 0.04%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 5/1/2027 @                                                                 | CUSIP: 735389C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2669226.90   | 0.16%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | LYNCHBURG VA EDA CENTRA HLTH 2018-XL0075-NUV Q=JPMC BK D7                                  | CUSIP: 88034MXT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.01%             | 2055-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV UNIV HLTH 18E RFLOAT V7                                                                 | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4310000.00   | 0.25%             | 2033-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5% 12/1/2027 @                                                              | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2916996.97   | 0.17%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | DENVER CO ARPT 2018-XM0715-MST Q=MO D7                                                     | CUSIP: 88034NE34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4300000.00   | 0.25%             | 2043-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 1.20% MT                                                                        | CUSIP: 708692BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499800.00   | 0.15%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 4% MT@                                                                          | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $599954.34    | 0.04%             | 2034-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                         | VT STUD LN 5% 6/15/2026@                                                                   | CUSIP: 92428CLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $777828.75    | 0.05%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                                             | CUSIP: 592647FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $834511.01    | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 5% 7/15/2026                                                                         | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014264.80   | 0.12%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                         | NATIONAL FN AT 4.25% MT@                                                                   | CUSIP: 63608RAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11960000 | PA      | $12050292.02  | 0.71%             | 2027-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                         | NATIONAL FN AT 2.15% MT@                                                                   | CUSIP: 63608RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4101810.97   | 0.24%             | 2033-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 1.75% 8/1/2038 MT @                                                             | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7900000 | PA      | $7910744.00   | 0.46%             | 2038-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5% 5/1/2027 @                                                                | CUSIP: 79766DSL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3892764.25   | 0.23%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                               | MICHIGAN FIN AU 3.75% MT                                                                   | CUSIP: 59447TWZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3605080.68   | 0.21%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                      | ST JOHN BAP REV 4.05% MT                                                                   | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4127288.62   | 0.24%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                       | SC PORT AUTH 5% 7/1/2027@                                                                  | CUSIP: 837123JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $174051.46    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                 | HOUSTON TX HOTS 5% 9/1/2026                                                                | CUSIP: 44237NGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $956424.00    | 0.06%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 1.625% MT                                                                     | CUSIP: 67756DVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $725766.27    | 0.04%             | 2034-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FLA TRANSN REV                                                        | OSCEOLA FL TRAN 0% 10/1/2026                                                               | CUSIP: 688031EF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $270120.84    | 0.02%             | 2026-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FLA TRANSN REV                                                        | OSCEOLA FL TRAN 0% 10/1/2027                                                               | CUSIP: 688031EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $340812.76    | 0.02%             | 2027-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 4% MT@                                                                        | CUSIP: 130536RL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499961.95    | 0.03%             | 2042-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                       | MILWAUKEE 5% 4/1/2026                                                                      | CUSIP: 602366C61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1105000.00   | 0.06%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                        | TX ST 5.50% 8/1/2026 @                                                                     | CUSIP: 8827235Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $650504.95    | 0.04%             | 2026-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                          | PORTLND OR ARPT 5% 7/1/2026                                                                | CUSIP: 735240U43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $362229.19    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 5/1/50 MT@                                                                  | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1699831.53   | 0.10%             | 2050-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                     | GEISINGER PA 5% 4/1/2043 MT                                                                | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4010084.15   | 0.23%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                            | UT CNTY UT HOSP 5% MT                                                                      | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1575538.71   | 0.09%             | 2060-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 7/15/2026 @                                                                  | CUSIP: 73358W5B6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2565280.62   | 0.15%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 5% 5/1/2026                                                                   | CUSIP: 67756DVT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700934.99    | 0.04%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                        | KY NUCOR 20A1 V1@                                                                          | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13115000 | PA      | $13115000.00  | 0.77%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                        | KY NUCOR 20B1 V1@                                                                          | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22185000 | PA      | $22185000.00  | 1.30%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 5/1/2046 MT@                                                                | CUSIP: 605155BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4847383.43   | 0.28%             | 2046-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 7/1/2040 MT@                                                                | CUSIP: 605155BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4297680.15   | 0.25%             | 2040-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                     | OK INTEGRIS HLTH 20B V7                                                                    | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7425000 | PA      | $7425000.00   | 0.43%             | 2031-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 10/15/2027 @                                                                 | CUSIP: 73358XBY7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1490178.50   | 0.09%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                     | NJ EDA REV 5.25% 9/1/26                                                                    | CUSIP: 64577B6K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1860548.94   | 0.11%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                             | TRIBOROUGH BRID 2% MT                                                                      | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $634563.06    | 0.04%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                       | CT SPEC TAX 5% 5/1/2026                                                                    | CUSIP: 207758B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $806691.79    | 0.05%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW SIFMA+40 MT @                                                                   | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7450000 | PA      | $7453465.00   | 0.44%             | 2041-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 8/1/2029 @                                                                 | CUSIP: 735389P51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8635000 | PA      | $9180578.30   | 0.54%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA SOLID WASTE REPUBLIC SEVICES 21B MT@                                                    | CUSIP: 13048RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600081.90   | 0.15%             | 2051-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                                    | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9700000 | PA      | $9700000.00   | 0.57%             | 2041-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2026 @                                                              | CUSIP: 717817XG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $638225.61    | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                            | MIAMI-DADE SLW 4.50% 11/1/2048 MT @                                                        | CUSIP: 59333GAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7505047.50   | 0.44%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                     | ALLEG PA ARPT 5% 1/1/2027 @                                                                | CUSIP: 01728LER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $665396.29    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 4% MT                                                                      | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3908915.17   | 0.23%             | 2052-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | MIAMI-DADE CNTY FL SEAPORT 2021-XF2947-NUV AGM/BC D7@                                      | CUSIP: 88034YND8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.09%             | 2045-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 4% 10/1/2052                                                                | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  15300000 | PA      | $15391705.14  | 0.90%             | 2052-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35                          | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015000.00   | 0.06%             | 2061-11-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                                 | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2291475.23   | 0.13%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA WTR and SWR AU                                                   | DC W and S 3% MT                                                                           | CUSIP: 254845TJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $853322.40    | 0.05%             | 2057-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAN FRAN C and C MFH 1601 MARIPOSA APTS 2022-MIZ9095 MZ/MZ D35                             | CUSIP: 60700HLU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10391875 | PA      | $10391875.00  | 0.61%             | 2057-07-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 5% 12/1/2026 @                                                               | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3211671.57   | 0.19%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                               | MICHIGAN FIN AU 5% 4/15/2026                                                               | CUSIP: 59447T3F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3012612.68   | 0.18%             | 2026-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                                  | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3025000.00   | 0.18%             | 2055-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                      | BLACK BELT ALAB 4% MT                                                                      | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3621319.64   | 0.21%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | HI ST ARPT 2022-XG0386-MST Q=MO D7@                                                        | CUSIP: 88035DAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11500000.00  | 0.67%             | 2048-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 7/1/2026                                                                        | CUSIP: 62620HET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $231453.30    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 6/1/2026                                                                 | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1394458.70   | 0.08%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7                                                  | CUSIP: 88035DDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4445000.00   | 0.26%             | 2043-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2052 MT                                                            | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1862388.68   | 0.11%             | 2052-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | NY HSG 42ND and 10TH BC22-003 BC/BC DR42                                                   | CUSIP: 76252PRU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.21%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SCH BRD COP                                                          | PASCO FL SB COP 5% 8/1/2026                                                                | CUSIP: 702528MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $670361.96    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                                               | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27890000 | PA      | $27890000.00  | 1.63%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 8/1/2026                                                                   | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1002020.92   | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                                  | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1321260 | PA      | $1321260.00   | 0.08%             | 2062-08-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                                    | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1642775 | PA      | $1642775.00   | 0.10%             | 2062-08-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | SC CONWAY HOSP BC22-019 BC/BC DR42                                                         | CUSIP: 76252PTY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.14%             | 2047-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                           | MINNESOTA ST HS 5% 8/1/2026                                                                | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1088454.24   | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                     | MARICOPA AZ PUB SVC 09E V7                                                                 | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $18000000.00  | 1.05%             | 2029-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                     | MARICOPA AZ PUB SVC 09D V7                                                                 | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $10800000.00  | 0.63%             | 2029-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | VA NATL SENIOR CAMPUS BC22-028 BC/BC DR42                                                  | CUSIP: 76252PVB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.06%             | 2045-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CALIFORNIA MUN 4.125% MT                                                                   | CUSIP: 13048RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8150000 | PA      | $8146431.93   | 0.48%             | 2041-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CO ST COMMONSPIRIT HLTH 2022-XM1060-ALL Q=JPMC BK D7                                       | CUSIP: 88035DT96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.35%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | COLORADO HEALTH(COMMONSPIRIT HE) 2022-XM1061-ALL Q=JPMC BANK DR7                           | CUSIP: 88035DU37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5100000.00   | 0.30%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                | ORANGE CNTY FL 0% 11/15/2052                                                               | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1840247.56   | 0.11%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                    | GA PWR - SOUTHERN CO 22-1 V1@                                                              | CUSIP: 06964KAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.06%             | 2062-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5.25% 11/15/2026                                                            | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3212669.33   | 0.19%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                               | ST LAWRENCE CNT 5% 7/1/2026                                                                | CUSIP: 791078ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $256353.31    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                 | TARRANT EFFC HO 5% MT                                                                      | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2698289.87   | 0.16%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                     | DUVAL FL SD COP 5% 7/1/2026                                                                | CUSIP: 267169GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3133815.53   | 0.18%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                              | MET NASH AIR TN 5% 7/1/2026 @                                                              | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $431999.76    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                              | MET NASH AIR TN 5% 7/1/2027 @                                                              | CUSIP: 592190QG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $666289.20    | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.25% 6/1/2026                                                              | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    780000 | PA      | $782637.26    | 0.05%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE(MO) 5.25% 6/1/29MT 53                                                       | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  12165000 | PA      | $12761959.66  | 0.75%             | 2053-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                     | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                                        | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12550000 | PA      | $12749793.49  | 0.75%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35                               | CUSIP: 60700HPG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25415000 | PA      | $25415000.00  | 1.49%             | 2052-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY 2022-ZL0396-BLK Q=MO D7                                               | CUSIP: 88035EQD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2795000.00   | 0.16%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY 2022-XF3073-NUV Q=MO D7                                               | CUSIP: 88035EPR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19700000 | PA      | $19700000.00  | 1.15%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                         | VT STUD LN 5% 6/15/2026 @                                                                  | CUSIP: 92428CKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1083942.00   | 0.06%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | FL GT ORLANDO ARPT 2022-XM1093-ALL Q=JPMC BK D1@                                           | CUSIP: 88035EZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3960000 | PA      | $3960000.00   | 0.23%             | 2036-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35                                           | CUSIP: 60700HQD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13246483 | PA      | $13246483.00  | 0.78%             | 2062-10-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| OKLAHOMA CO OK IDS 89 OKLA CTY                                                     | OKLAHOMA CTY OK 3% 7/1/2026                                                                | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7140000 | PA      | $7146965.78   | 0.42%             | 2026-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2026                                                                | CUSIP: 56035DEU2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    430000 | PA      | $433353.36    | 0.03%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5% 5/1/2026 @                                                                | CUSIP: 79766DVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3766939.46   | 0.22%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                                 | CUSIP: 544445W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $511445.24    | 0.03%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHFIELD MICH PUB SCHS                                                           | SOUTHFIELD MICH 5% 5/1/2026                                                                | CUSIP: 844215RA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1477946.90   | 0.09%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                        | NTHSIDE TX ISD 3% MT                                                                       | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5905000 | PA      | $5905522.00   | 0.35%             | 2053-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2026                                                                          | CUSIP: 452153FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2544537.46   | 0.15%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                   | NEW JERSEY ECN 5% 6/15/2026                                                                | CUSIP: 64577XET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2306440.35   | 0.14%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY GAS DIST 2023-XM1110-ALL G=RC Q=RC D7                                 | CUSIP: 88035FC24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.21%             | 2053-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                     | PHX CVC APT REV 5% 7/1/2026 @                                                              | CUSIP: 71883MQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1161071.26   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA ECONOMIC DEV AUTH POLLUTION CTL REV                                  | CHESAPEAKE VA E 3.65% MT                                                                   | CUSIP: 16532YAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518206.25   | 0.09%             | 2032-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                      | HONOLULU HI MFR 5% 12/1/2026 MT                                                            | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3492575.68   | 0.20%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.8% MT                                                                       | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1886933.82   | 0.11%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BUFORD GA MF HSG AUTH 2023-XF3118-AMR MZ/MZ D7                                             | CUSIP: 88035FN48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855143 | PA      | $1855143.00   | 0.11%             | 2041-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 4.25% 6/1/2048 MT @                                                         | CUSIP: 605155BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2822644.44   | 0.17%             | 2048-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2028 @                                                             | CUSIP: 592647LL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2449851.88   | 0.14%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                                             | CUSIP: 592647LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264410.63   | 0.07%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 3.2% 7/1/2037 MT                                                            | CUSIP: 20775DVU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1852680.84   | 0.11%             | 2037-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                           | MARICOPA IDA 5% MT                                                                         | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2395319.42   | 0.14%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                               | FL MHSG 5% MT                                                                              | CUSIP: 34074HGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6100154.33   | 0.36%             | 2026-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 4.25% 7/1/2043 MT @                                                           | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997322.40   | 0.12%             | 2043-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV                            | FL INSURANCE 2023 A2 Q=FL V7                                                               | CUSIP: 34074EAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24940000 | PA      | $24940000.00  | 1.46%             | 2032-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                          | HOUSTON TX MF 5% 8/1/2041                                                                  | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1084884.52   | 0.06%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                         | PROSPER TX ISD 4% 2/15/2050 MT                                                             | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1055135.66   | 0.06%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2026 @                                                                   | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $638498.34    | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2027 @                                                                   | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $609910.88    | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA MF HSG FIN AGY 2023-XF3127-AMR MZ/MZ D7                                                 | CUSIP: 88035F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1755000.00   | 0.10%             | 2030-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.5% 6/1/2049 MT                                                            | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1608679.94   | 0.09%             | 2049-06-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| EAST HAMPTON NY UN FREE SH DIS                                                     | EAST HAMP NY SD 2.10% 6/1/2027                                                             | CUSIP: 272718GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1261545.92   | 0.07%             | 2027-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                     | IOWASTUD LIQUID 5% 12/1/2026 @                                                             | CUSIP: 462590NR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $384517.44    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2026                                                               | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    195000 | PA      | $197021.31    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 12/1/2026 @                                                                  | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5495000 | PA      | $5570903.53   | 0.33%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE CNTY WI ARPT REV                                                         | MILWAUKEE WI AR 5% 12/1/2026 @                                                             | CUSIP: 602248LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $516909.12    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 4.6% 10/1/2046 MT @                                                             | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15885000 | PA      | $15932354.77  | 0.93%             | 2046-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                             | NEW HAMPSHIRE H 5.50% 11/1/2026 @                                                          | CUSIP: 64461XHV0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    190000 | PA      | $192527.42    | 0.01%             | 2026-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                          | SEATTLE WA HSG 5% 6/1/2027                                                                 | CUSIP: 812636PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $771036.16    | 0.05%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES and TERMINAL REVENUE                                          | GALVESTON TX ST 5.25% 8/1/2027 @                                                           | CUSIP: 364568HX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $321522.89    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY IL UNIV REV                                                             | UNIV IL 5% 10/1/2027                                                                       | CUSIP: 9143536X0<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    255000 | PA      | $264191.02    | 0.02%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                     | ALLEG PA ARPT 5% 1/1/2027 @                                                                | CUSIP: 01728LGL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $549258.57    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                       | MAIKER HSG PART 4.5% MT                                                                    | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2017000 | PA      | $2029157.06   | 0.12%             | 2042-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | SLT LAKE UT ARPT 2023-XM1147-MST Q=JP D7@                                                  | CUSIP: 88035GR59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9700000 | PA      | $9700000.00   | 0.57%             | 2043-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                       | N MUNI PWR 5% 1/1/2027                                                                     | CUSIP: 665444LC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $370817.92    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2027 @                                                               | CUSIP: 167562RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $643892.79    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2028 @                                                               | CUSIP: 167562RS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1528437.74   | 0.09%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | AZ MFH SAFFORD PRJ 2023-XF3174-AMR MZ/MZ D7                                                | CUSIP: 88035GT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10740000 | PA      | $10740000.00  | 0.63%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2026                                                                   | CUSIP: 645021CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $448378.89    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2027                                                                   | CUSIP: 645021CR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $427393.02    | 0.03%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANSP 2023-XF1649-LA Q=JPMC BK D7                                                  | CUSIP: 88035G3V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4480000.00   | 0.26%             | 2045-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 3.85% MT @                                                                    | CUSIP: 13048RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5799886.32   | 0.34%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAINT LOUIS MO IDA HAWKINS VILLAGE APTS 2023-MIZ9153 MZ/MZ D35                             | CUSIP: 60700HTX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1969501 | PA      | $1969501.00   | 0.12%             | 2063-10-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                        | TEXAS GAS IV 5.25% 1/1/2027                                                                | CUSIP: 88256PAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $643496.81    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.50% 6/1/2026                                                              | CUSIP: 09182TCU9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    570000 | PA      | $571996.82    | 0.03%             | 2026-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.50% 6/1/2027                                                              | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    245000 | PA      | $250830.68    | 0.01%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                             | TRIMBLE CNTY KY 0% 6/1/2054 @                                                              | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8255000 | PA      | $8304217.14   | 0.49%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.80% 7/1/2026                                                               | CUSIP: 64469MQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $680396.44    | 0.04%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.85% 1/1/2027                                                               | CUSIP: 64469MQM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1082516.83   | 0.06%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT EVERGLADES                                                    | BROWARD FL PORT 5% 9/1/2027 @                                                              | CUSIP: 11506KGJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1297252.31   | 0.08%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                      | ATRIUM HEALTH 3.625% MT                                                                    | CUSIP: 160853VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2875309.43   | 0.17%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                               | AMERICAN MUN OH 5% 2/15/2027                                                               | CUSIP: 02765URN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $5006857.42   | 0.29%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                      | WI HSG EDA 3.875% MT                                                                       | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $465235.80    | 0.03%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                    | WA HFC MF 5% MT                                                                            | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1407000 | PA      | $1411399.27   | 0.08%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS HFA 3.8% MT                                                                            | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1170466.01   | 0.07%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP MULTIFAMILY HSG REV                                   | TX AHC MF 3.625% MT                                                                        | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1371839.61   | 0.08%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.625% 4/1/2026                                                              | CUSIP: 64469MRK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365000.00    | 0.02%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.70% 1/1/2027                                                               | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1172294.14   | 0.07%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 5% 9/1/2026                                                                          | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7990000 | PA      | $8072683.72   | 0.47%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                 | INDIANAPOLIS BK 5% 1/1/2027 @                                                              | CUSIP: 45528VAY5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1355390.66   | 0.08%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                       | MILWAUKEE 2% 3/1/2027                                                                      | CUSIP: 602366VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1946121.85   | 0.11%             | 2027-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO PLANNED INDL EXPANSION AUTH MULTIFAMILY HSG REV                     | KANSAS CITY MSR 5% MT                                                                      | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1528000 | PA      | $1550743.82   | 0.09%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OLATHE KS                                                                          | OLATHE KS 2.50% 10/1/2027                                                                  | CUSIP: 679384KP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $713333.16    | 0.04%             | 2027-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CUERO TX INDEPENDENT SCHOOL DISTRICT                                               | CUERO TX INDEPE 5% 8/15/2026                                                               | CUSIP: 229831HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1251037.36   | 0.07%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV AGY MULTI-FAMILY HSG REV                                  | MONRO NY 61075N 5% 7/1/2028                                                                | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    947000 | PA      | $970261.92    | 0.06%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV                           | COLUMBUS HSG RE 5% 7/1/2045 MT                                                             | CUSIP: 19910XAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1333000 | PA      | $1345646.70   | 0.08%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                       | CITY OF DALLAS HOUSING FINANCE CORPORATION 2023 5% 7/1/2042                                | CUSIP: 235298BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1982000 | PA      | $2011501.48   | 0.12%             | 2042-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | AZ IDA MF HSG ROERS FLAGSTAFF 2023-MIZ9157 MZ/MZ D35                                       | CUSIP: 60700HUK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905969 | PA      | $1905969.00   | 0.11%             | 2063-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| KENTUCKY HIGHER ED STUDENT LN CORP STUDENT LN REV                                  | KY STUD LN 23-1A1 L=BA V7@                                                                 | CUSIP: 49130NGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30300000 | PA      | $30300000.00  | 1.77%             | 2043-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2026                                                                | CUSIP: 56035DGG1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352729.48    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 3/1/2027                                                                | CUSIP: 56035DGH9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $711131.82    | 0.04%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2027                                                                | CUSIP: 56035DGJ5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    625000 | PA      | $639101.25    | 0.04%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                          | JEFF AL W+S 5% 10/1/2026                                                                   | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $551144.38    | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                          | JEFF AL W+S 5% 10/1/2027                                                                   | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515958.65    | 0.03%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 2.95% MT                                                                    | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $979043.42    | 0.06%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | NASHVILLE and DAVIDSON TN HLTH and EDUC EWING HGTS 2024-MIZ9163 MZ/MZ D35                  | CUSIP: 60700HVD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540658 | PA      | $1540658.00   | 0.09%             | 2062-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS_HFA 3.375% MT                                                                          | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8340000 | PA      | $8341370.26   | 0.49%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 8/1/2027                                                                 | CUSIP: 97712JHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3040000 | PA      | $3052344.22   | 0.18%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR MT 11/1/2048                                                                  | CUSIP: 121342QK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $732293.00    | 0.04%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                        | NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT                                                     | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2133955.96   | 0.12%             | 2054-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT                                     | CUSIP: 88035HM37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300000.00   | 0.13%             | 2030-12-15      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | MD MF HSG WOODINGTON GARDENS 2024-XF3222-AMR MZ/MZ D7                                      | CUSIP: 88035HK96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2810000.00   | 0.16%             | 2054-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                  | NJ HLTH CARE FA 5% 9/15/2026                                                               | CUSIP: 64579XEB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $328604.87    | 0.02%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                  | NJ HLTH CARE FA 5% 9/15/2026                                                               | CUSIP: 64579XEM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2462008.78   | 0.14%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                  | NJ HLTH CARE FA 5% 9/15/2027                                                               | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $651874.17    | 0.04%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                             | PORT OAKLAND CA 5% 5/1/2026 @                                                              | CUSIP: 735000VG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1742989.49   | 0.10%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                             | PORT OAKLAND CA 5% 5/1/2026 @                                                              | CUSIP: 735000UW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5010.07      | 0.00%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BRIGHTLINE FL PASSENGER RAIL 2024-XF1704-NUV E-AGM(RC)/RC D7@                              | CUSIP: 88035HZ25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25300000 | PA      | $25300000.00  | 1.48%             | 2053-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BRIGHTLINE FL PASSENGER RAIL 2024-XG0577-NUV E-AGM(BC)/BC D1@                              | CUSIP: 88035HZ74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5300000.00   | 0.31%             | 2053-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                       | HAMILTON OH SWR 5% 12/1/2026                                                               | CUSIP: 407288H36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $767189.63    | 0.04%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                       | HAMILTON OH SWR 5% 12/1/2027                                                               | CUSIP: 407288H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $524961.19    | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2026                                                                          | CUSIP: 452153JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $586045.04    | 0.03%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2027                                                                          | CUSIP: 452153JJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $414430.43    | 0.02%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2028                                                                          | CUSIP: 452153JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $698413.96    | 0.04%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH POLLUTION CTL REV VRDO IAM COML PAPER 3/A2 SER 1992  | HALIFAX CNTY VA 3.8% MT                                                                    | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4965000 | PA      | $5021662.07   | 0.29%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV                            | WISE VA IDA SW 3.8% MT                                                                     | CUSIP: 977228AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1835713.32   | 0.11%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.7% MT                                                                       | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1303686.60   | 0.08%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                       | NE TX ISD 3.75% 8/1/2049 MT                                                                | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1887910.30   | 0.11%             | 2049-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP MLTFMY RV                                                     | FL HFC MF 3.8% 6/1/2042 MT                                                                 | CUSIP: 34073JVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1530672.28   | 0.09%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2027 @                                                             | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4583968.48   | 0.27%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FLA HSG FIN AUTHMULTIFAMILY HSG REV                                  | ESCAM FL 3.8% MT                                                                           | CUSIP: 296121FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4406037.68   | 0.26%             | 2027-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2026                                                               | CUSIP: 56035DHM7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    875000 | PA      | $884069.99    | 0.05%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2027                                                               | CUSIP: 56035DHN5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023704.70   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                            | OKLAHOMA ST IND 5% 4/1/2028                                                                | CUSIP: 67910FAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5354278.66   | 0.31%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 7/1/2027                                                                 | CUSIP: 20775DYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2981334.56   | 0.17%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH TAX                                                   | DETROIT DWNTWN 5% 7/1/2027                                                                 | CUSIP: 251135HC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $564952.63    | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH TAX                                                   | DETROIT DWNTWN 5% 7/1/2026                                                                 | CUSIP: 251135HB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402224.92    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING CORP                                                             | LOOP COMMONS 3.75% MT                                                                      | CUSIP: 54627CBU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010195.80   | 0.12%             | 2028-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING CORP                                                             | RIDGE COMMONS COLLAT SOFT PUTS 3.75% MT                                                    | CUSIP: 54627CBV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1137431.90   | 0.07%             | 2028-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                     | DC HSG MF 3.65% MT                                                                         | CUSIP: 25477PQA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2894746.00   | 0.17%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2026                                                                     | CUSIP: 2510936G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1301913.08   | 0.08%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2027                                                                     | CUSIP: 2510936H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1390191.35   | 0.08%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2028                                                                     | CUSIP: 2510936J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $770476.77    | 0.05%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 7/1/2029 @                                                                 | CUSIP: 7353892A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10415000 | PA      | $11059290.65  | 0.65%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO OHARE 2023 XF1457 D1 @                                                             | CUSIP: 88035E5E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.06%             | 2055-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2026                                                                          | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $957918.54    | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2027                                                                          | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $335575.31    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2028                                                                          | CUSIP: 0117706D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $443115.92    | 0.03%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | HHA FOUNTAINVIEW PFC TX MF HSG 2024-XG0585-NPI BC/BC D1                                    | CUSIP: 88035JGX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.19%             | 2064-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 1/1/2028                                                                        | CUSIP: 62620HJF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042295.30   | 0.06%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 3.65% 12/1/2027 @                                                              | CUSIP: 677525XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4073536.22   | 0.24%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 3.20% 5/1/2026                                                                 | CUSIP: 677525WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3721888.27   | 0.22%             | 2026-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                     | YUMA AZ HOSP 5% 8/1/2026                                                                   | CUSIP: 988514CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1133202.38   | 0.07%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                                             | MI STRAT FND 3.35% MT@                                                                     | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5529969.28   | 0.32%             | 2049-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 5% 1/1/2028 @                                                                | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6810000 | PA      | $7062396.31   | 0.41%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% 3/1/2028                                                                 | CUSIP: 13013JED4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    460000 | PA      | $473909.25    | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% 9/1/2028                                                                 | CUSIP: 13013JEE2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1515480.44   | 0.09%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2027@                                                               | CUSIP: 64763HLY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2375565.89   | 0.14%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2028@                                                               | CUSIP: 64763HLZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4410000 | PA      | $4562728.88   | 0.27%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TEX INDPT SCH DIST                                                       | TEXAR TX 4% 2/15/2053 MT                                                                   | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4540594.02   | 0.27%             | 2053-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                                     | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7                                          | CUSIP: 52350LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11500000.00  | 0.67%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST VA ST HSG DEV FD MULTIFAMILY HSG REV                                          | WEST VA ST HSG 5% MT                                                                       | CUSIP: 956629AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3232837.64   | 0.19%             | 2027-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2027                                                                 | CUSIP: 96023PNJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513605.75    | 0.03%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 1/15/2028                                                                 | CUSIP: 96023PNK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $648534.06    | 0.04%             | 2028-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2028                                                                 | CUSIP: 96023PNL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $643339.63    | 0.04%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2027                                                                 | CUSIP: 96023PPL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $369796.14    | 0.02%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2028                                                                 | CUSIP: 96023PPN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046080.70   | 0.06%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEVADA HSG DIV                                                                     | NV MHSG 5% MT                                                                              | CUSIP: 641272HR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2023513.51   | 0.12%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | OMAHA NE ARPT 2024-XG0593-MST E-AGC/Q=BA D7@                                               | CUSIP: 88035JY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9430000 | PA      | $9430000.00   | 0.55%             | 2049-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                      | GT ORLANDO ARPT 5% 10/1/2028 @                                                             | CUSIP: 392275EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3552568.47   | 0.21%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTA FE CNTY N MEX MULTIFAMILY REV                                                | SANTA NM 3.29% 12/10/2049 MT                                                               | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5660000 | PA      | $5675368.03   | 0.33%             | 2049-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALABAMA HSG FIN AU MF HSG REV                                                      | AL HFA MFH RV 5% MT                                                                        | CUSIP: 01030PGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2766521.11   | 0.16%             | 2029-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG MULTIFAMILYHSG REV                                              | MONTANA ST BRD HSG 3.32% MT                                                                | CUSIP: 61212VAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4940000 | PA      | $4961377.36   | 0.29%             | 2046-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA MFH TERESINA APTS BAML25-6045 BA/BA D1@                                                 | CUSIP: 88035MAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18250000 | PA      | $18250000.00  | 1.07%             | 2036-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RESDTL FIN AUTH MF HSG REV                                        | ATLANTA GA URBAN RESDTL FIN 3.4% MT                                                        | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2511674.00   | 0.15%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH PCR                                                       | GA OGLETHORPE PWR HATCH 13A V7                                                             | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17100000 | PA      | $17100000.00  | 1.00%             | 2038-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 6/1/2026                                                                | CUSIP: 74440DFE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351039.82    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 12/1/2026                                                               | CUSIP: 74440DFF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $561708.23    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 6/1/2027                                                                | CUSIP: 74440DFG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $611708.04    | 0.04%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 12/1/2027                                                               | CUSIP: 74440DFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $236468.15    | 0.01%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 6/1/2028                                                                | CUSIP: 74440DFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $485791.39    | 0.03%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5% 12/1/2026                                                                    | CUSIP: 8371515X3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2408105.81   | 0.14%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                           | HUMBLE TX ISD 0% 2/15/2029                                                                 | CUSIP: 445047NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3714272.29   | 0.22%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                    | KY ST PROP 5% 4/1/2027                                                                     | CUSIP: 49151F4N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $429918.55    | 0.03%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                    | KY ST PROP 5% 4/1/2028                                                                     | CUSIP: 49151F4P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092262.20   | 0.12%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                         | NEW YORK AUTH 5% 11/1/2027                                                                 | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5895000 | PA      | $6121613.82   | 0.36%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BINGHAMTON NY                                                                      | BINGHAMTON CITY NY 4/10/26 BAN                                                             | CUSIP: 0904912K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16200000 | PA      | $16204189.32  | 0.95%             | 2026-04-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                                 | CUSIP: 5444452F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7220000 | PA      | $7240460.04   | 0.42%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2027 @                                                                 | CUSIP: 5444452G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4180000 | PA      | $4284201.97   | 0.25%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2027 @                                                                 | CUSIP: 5444453F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5924087.89   | 0.35%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 5% 1/1/2027                                                                 | CUSIP: 45204FG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2343424.00   | 0.14%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INLIVIAN N C MULTIFAMILY REV                                                       | INLIVIAN N C MU 11/1/2058 MT                                                               | CUSIP: 45753CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4386416.90   | 0.26%             | 2058-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | LA HSG CORP REV 2025-XF3347-AMR MZ/MZ D7                                                   | CUSIP: 88035MS55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.12%             | 2042-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                     | ROCKPORT IN PCR 3.7% 6/1/2047 MT                                                           | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4955000 | PA      | $5035045.05   | 0.29%             | 2047-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV EDA SLD WAST 3.7% MT                                                                    | CUSIP: 95648VBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3980000 | PA      | $4044495.10   | 0.24%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | IL PLYMOUTH PLACE BC25-002 BC/BC D35                                                       | CUSIP: 76252PG45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6200000.00   | 0.36%             | 2056-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TEX SPL TAX REV                                                         | FORT WRTH TEX 5% 3/1/2028                                                                  | CUSIP: 349507DD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521660.05    | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.375% MT                                                                    | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1054836.06   | 0.06%             | 2034-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                    | PHILA PA 5% 8/1/2026                                                                       | CUSIP: 717813B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $594618.52    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                    | PHILA PA 5% 8/1/2027                                                                       | CUSIP: 717813C23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3664471.96   | 0.21%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SULLIVAN WEST CENT SCH DIST NY                                                     | SULLIVAN WEST NY CSD 6/25/26 BAN                                                           | CUSIP: 865353DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7216952.40   | 0.42%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                           | SAN DIEGO ARPT 5% 7/1/2028 @                                                               | CUSIP: 79739GSK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1729191.59   | 0.10%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST SYRACUSE-MINOA NY CENT SD                                                     | E SYRACUSE MINOA NY CSD 6/25/26 BAN                                                        | CUSIP: 275443EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5915509.33   | 0.35%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BELLEVILLE NJ TAN                                                                  | BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN                                                    | CUSIP: 079098GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15512500 | PA      | $15552725.46  | 0.91%             | 2026-07-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO IL OHARE ARPT 2025-ZF1980-BLK Q=JP D7@ - for cash                                  | CUSIP: 88035PU55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500000.00   | 0.44%             | 2059-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENTON TEXAS ISD                                                                   | DENTON TX ISD 4% MT                                                                        | CUSIP: 249002NM4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   8355000 | PA      | $8587615.73   | 0.50%             | 2055-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                                                                         | REDMOND OR 5% 6/1/2029@                                                                    | CUSIP: 757657YZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1112752.92   | 0.07%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                               | ITHACA CITY NY 7/17/26 BAN                                                                 | CUSIP: 465650U80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2609390.16   | 0.15%             | 2026-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWALPROJ REV                | SOUTHERN CFA 5% MT                                                                         | CUSIP: 842469DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2644520.26   | 0.15%             | 2053-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON ST UNIV EDL BLDG CORP MS REV                                               | JACKSON ST UNIV .80% 3/1/2028                                                              | CUSIP: 468714FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3171677.42   | 0.19%             | 2028-03-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HUTTO TX INDPT SCH DIST                                                            | HUTTO TX ISD 4% MT                                                                         | CUSIP: 4484926N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2830595.82   | 0.17%             | 2055-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FARMINGTON N Y                                                                     | FARMINGTON TWN NY 7/29/26 BAN                                                              | CUSIP: 311459ED9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6609585.18   | 0.39%             | 2026-07-29      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2027@                                                                    | CUSIP: 795576MF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2603653.16   | 0.15%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NAVARRO TEX INDPT SCH DIST                                                         | NAVARRO ISD 4% 2/15/28 MT                                                                  | CUSIP: 639285SW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3374426.22   | 0.20%             | 2062-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | LOS ANGELES CA MF MTG REV 2025-MIZ9221 MZ/MZ D35                                           | CUSIP: 60700HH77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10550000 | PA      | $10550000.00  | 0.62%             | 2028-08-04      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                           | ARGYLE TX ISD 4% G=PSF 8/15/2057 MT                                                        | CUSIP: 040319X26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2872967.61   | 0.17%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                           | ARGYLE TX ISD 4% MT                                                                        | CUSIP: 040319X34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4380000 | PA      | $4501945.77   | 0.26%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                      | NJ ST HMFA MF1 2.85% 11/1/2026                                                             | CUSIP: 6461087L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4062392.15   | 0.24%             | 2026-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                       | LIPA NY 9/1/2055 MT                                                                        | CUSIP: 542691LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3755000 | PA      | $3757253.75   | 0.22%             | 2055-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 10/15/2026 @                                                                 | CUSIP: 73358XQZ8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2629171.74   | 0.15%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 10/15/2027 @                                                                 | CUSIP: 73358XRA2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2057374.47   | 0.12%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV EDA SLD WAST 3.3% MT @                                                                  | CUSIP: 95648VBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2985000 | PA      | $2996595.23   | 0.18%             | 2041-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INCSTUDENT LN PROG REV                                   | BRAZOS TEX HIGH 5% 4/1/2027@                                                               | CUSIP: 10623ACT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506798.55    | 0.03%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2028@                                                               | CUSIP: 717817YH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $590228.78    | 0.03%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2029@                                                               | CUSIP: 717817YJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2995258.23   | 0.18%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2027                                                                | CUSIP: 93978HB53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4617947.70   | 0.27%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2028                                                                | CUSIP: 93978HB61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4805049.14   | 0.28%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2029                                                                | CUSIP: 93978HB79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $874147.23    | 0.05%             | 2029-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUDSON MA                                                                          | HUDSON TWN MA 6/11/26 BAN                                                                  | CUSIP: 443852XA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505918.75   | 0.15%             | 2026-06-11      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 25B1 7/1/26@                                                               | CUSIP: 04780M2G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1689255.46   | 0.10%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 5% 7/1/2028 @                                                              | CUSIP: 04780M2J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3865214.99   | 0.23%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 5% 7/1/2029 @                                                              | CUSIP: 04780M2K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1911351.24   | 0.11%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                     | DFW ARPT 5% 11/1/2027 @                                                                    | CUSIP: 23503CFN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5835000 | PA      | $6018752.90   | 0.35%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                     | DFW ARPT 5% 11/1/2028 @                                                                    | CUSIP: 23503CFP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20860000 | PA      | $21916287.82  | 1.28%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 2/1/2027                                                                 | CUSIP: 09182TEZ6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    240000 | PA      | $243292.87    | 0.01%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 8/1/2028                                                                 | CUSIP: 09182TFC6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1128390.13   | 0.07%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 8/1/2029                                                                 | CUSIP: 09182TFE2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1256460.36   | 0.07%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 3.375% 9/1/2050 @                                                             | CUSIP: 13048RAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2065532.77   | 0.12%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP SOLID WASTE DISP REV                                          | FLORIDA DEV FIN 3.40% 9/1/2050 @                                                           | CUSIP: 34061XAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1450157.18   | 0.08%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                       | UNASSGND LC 567 2.7% MT                                                                    | CUSIP: 59465FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2148906.74   | 0.13%             | 2043-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | ORANGE CNTY FL ORLANDO HLTH 2025-XF8076-PUT Q=JP D7                                        | CUSIP: 88035RF82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8285000 | PA      | $8285000.00   | 0.49%             | 2052-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                       | ARIZONA ST INDL 2.76% MT                                                                   | CUSIP: 04062PDH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4485590.98   | 0.26%             | 2047-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 5/1/2028                                                                 | CUSIP: 09182TFU6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    580000 | PA      | $596463.07    | 0.03%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO LTD PPTY TAX SUPPORTED REV                                | PARK CREEK ME 5% 12/1/2026                                                                 | CUSIP: 700385BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507209.30    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO LTD PPTY TAX SUPPORTED REV                                | PARK CREEK ME 5% 12/1/2027                                                                 | CUSIP: 700385BP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036884.30   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO LTD PPTY TAX SUPPORTED REV                                | PARK CREEK ME 5% 12/1/2028                                                                 | CUSIP: 700385BQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1003537.35   | 0.06%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROCKTON MA                                                                        | BROCKTON CITY MA 10/8/26 BAN                                                               | CUSIP: 111746MC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6275000 | PA      | $6350746.78   | 0.37%             | 2026-10-08      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KINGSPORT TENN INDL DEV BRD COLLATERALIZED MULTIFAMILY HSG REV                     | KINGSPORT TE 2.95% MT                                                                      | CUSIP: 496451AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5210000 | PA      | $5189607.54   | 0.30%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PMA LEVY and AID ANTIC NTS PROGRAM WIS                                             | WI PMA LEVY and AID 25B 9/24/26 TRAN                                                       | CUSIP: 730146DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4040716.00   | 0.24%             | 2026-09-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA MFH FOUNTAIN PK 2025-MIZ9233 MZ/MZ D35@                                                 | CUSIP: 60700HP29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16000000.00  | 0.94%             | 2027-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA MFH BELMONT STA 2025-MIZ9232 MZ/MZ D35@                                                 | CUSIP: 60700HN70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5800000.00   | 0.34%             | 2028-10-08      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSG                        | CHATT TN HEHA 2.950% 5/1/2044 MT                                                           | CUSIP: 162404DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2330189.55   | 0.14%             | 2044-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOLYOKE MA                                                                         | HOLYOKE MA 4% 10/23/2026                                                                   | CUSIP: 436705GY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5843008.74   | 0.34%             | 2026-10-23      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2027@                                                                | CUSIP: 167562UL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2218210.03   | 0.13%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2029@                                                                | CUSIP: 167562UN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4508067.56   | 0.26%             | 2029-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2027 @                                                             | CUSIP: 9445142R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3258784.99   | 0.19%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2028 @                                                             | CUSIP: 9445142S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $8133335.15   | 0.48%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC                                                                 | CUMBERLAND CNTY NC PRJ AERO PRE MT@                                                        | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500360.50   | 0.21%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | SAN ANTONIO E and G 3.08% MT                                                               | CUSIP: 79625GNE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6125000 | PA      | $6113995.83   | 0.36%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | MIAMI DADE FL ARPT 2025-XM1321-ALL Q=JP D1@                                                | CUSIP: 88035R2J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.47%             | 2055-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BONDSVILLE MASS FIRE and WTR DIST                                                  | BONDS MA 098010 4.875% 11/20/2026                                                          | CUSIP: 098010AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2122955.10   | 0.12%             | 2026-11-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 10/1/2029                                                               | CUSIP: 84136HCS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7305000 | PA      | $7681981.10   | 0.45%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OGDENSBURG NY ENLRG CTY SCH DS                                                     | OGDENSBURG NY ENLRG CSD 7/22/26 BAN                                                        | CUSIP: 676490GC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4517477.10   | 0.26%             | 2026-07-22      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2026 @                                                             | CUSIP: 052398HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $465853.18    | 0.03%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2028@                                                              | CUSIP: 052398JA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1600884.92   | 0.09%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2029@                                                              | CUSIP: 052398JB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2312168.64   | 0.14%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HARTFORD NY CENT SCH DIST                                                      | NEW HARTFORD NY CSD 6/25/26 BAN                                                            | CUSIP: 644894QB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3310334.94   | 0.19%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV NUCOR 25A-1 V7@                                                                         | CUSIP: 95648VBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.19%             | 2065-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO IL O'HARE ARPT 2025-XF8113-PUT Q=JP D1@                                            | CUSIP: 88035TEX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2150000.00   | 0.13%             | 2055-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 6/1/2027                                                                 | CUSIP: 97712JPS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $870124.60    | 0.05%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 6/1/2028                                                                 | CUSIP: 97712JPT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $818058.71    | 0.05%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY and CNTY HSG AUTH MULTIFAMILY HSG REV                             | DENVE CO 24917Q 5% 6/1/2029                                                                | CUSIP: 24917QBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $760972.88    | 0.04%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DRYDEN TOWN N Y                                                                    | DRYDEN TWN NY 1/19/27 BAN                                                                  | CUSIP: 26252BAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7066189.20   | 0.41%             | 2027-01-19      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WARREN MI CSD                                                                      | WARREN MI CSD 5% 5/1/2027                                                                  | CUSIP: 935341T80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023868.20   | 0.06%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | CPS SOFT PUTS 7% STEP UP RATE A 672,455 3% 12/1/29                                         | CUSIP: 79625GNT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8185000 | PA      | $8112677.34   | 0.48%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | CPS SOFT PUTS 7% STEP UP RATE A 672,455 2.9% 12/1/27                                       | CUSIP: 79625GNS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2800012.38   | 0.16%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA COMNTY CHOICE 2026-XL0727-NUV Q=MO D7 - for cash- URGENT                                | CUSIP: 88035TNX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.30%             | 2056-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DALLAS TX ISD                                                                      | DALLAS TX ISD 5% MT                                                                        | CUSIP: 235308Y23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2656759.72   | 0.16%             | 2056-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS                                      | CT YALE UNIV PUTTER-5106 JP/JP D1 for cash                                                 | CUSIP: 46640K3M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30700000 | PA      | $30700000.00  | 1.80%             | 2048-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HOSP FIN AUTH RE                                                       | MICHIGAN ST HO 5% 11/15/2029                                                               | CUSIP: 59465HYA8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   6260000 | PA      | $6669238.11   | 0.39%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | FL SOUTHPOINTE VISTA II 2026-XG0636-NPI BC/BC D1                                           | CUSIP: 88035TTP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3860000 | PA      | $3860000.00   | 0.23%             | 2065-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                  | WASH DC GO 26C V1                                                                          | CUSIP: 25476FJ74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18240000 | PA      | $18240000.00  | 1.07%             | 2051-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 2.80% MT @                                                                    | CUSIP: 13048RAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2598185.98   | 0.15%             | 2056-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                      | W HAVEN CT 4.25% 6/24/2026                                                                 | CUSIP: 9531402Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1804543.92   | 0.11%             | 2026-06-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEGACY DENTON PUB FAC CORP TEXMULTIFAMILY HSG REV                                  | LEGACY DENTON 2.96% MT                                                                     | CUSIP: 52474GAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1599179.68   | 0.09%             | 2043-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

**Signature:** Laura M. Del Prato

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

**Title:** President and Treasurer