# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001752724-25-179523
**Filing Date:** 2025-7
**Character Count:** 259430
**Document Hash:** 5bcd091fc93880db7f8bf6a9360a5a31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179523.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179523

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 251151327

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianceBernstein Active ETFs, Inc.
- **DATE OF NAME CHANGE:** 20100714

## Series and Classes Contracts Data

### AB Tax-Aware Short Duration Municipal ETF (Series ID: S000076879)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000237018 | AB Tax-Aware Short Duration Municipal ETF | TAFI            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB Active ETFs, Inc.

- **b. Investment Company Act file number:** 811-23799

- **c. CIK number of Registrant:** 0001496608

- **d. LEI of Registrant:** 2549006ZG5WBMZRI5P66

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Tax-Aware Short Duration Municipal ETF

- **b. EDGAR series identifier (if any):** S000076879

- **c. LEI of Series:** 254900DPOGNO77XEUY82

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $784461267.75

**Total Liabilities:** $3912942.08

**Net Assets:** $780548325.67

**Delayed Delivery Securities:** $3733785.95

**Cash Not Reported:** $443085.29

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4383.28000000 | **1-Year:** -36595.67000000 | **5-Year:** -81959.46000000 | **10-Year:** -51461.12000000 | **30-Year:** -21234.46000000

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

- **3-Month:** -544.62000000 | **1-Year:** -5905.53000000 | **5-Year:** -10812.57000000 | **10-Year:** -6585.81000000 | **30-Year:** -219.50000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237018 | -0.26%               | -0.15%               | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $47447.55                | $-3833519.02                               |
| Month 2  | $-22164.72               | $-3043235.67                               |
| Month 3  | $36096.97                | $1595783.50                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal 1-5 Year Bond Index

- **Index Identifier:** I10588US

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3041422.50   | 0.39%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2148870.52   | 0.28%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584YTA7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    870000 | PA      | $917715.76    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                        | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                                                                                        | CUSIP: 567505PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1126547.44   | 0.14%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723GX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052945.20   | 0.13%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                  | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093331.60   | 0.14%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1851566.68   | 0.24%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2415486.51   | 0.31%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999070.20    | 0.13%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD                                                                        | CUSIP: 592041ZX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049416.30   | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                            | GUILFORD CNTY NC                                                                                                                   | CUSIP: 401784H22<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004707.90   | 0.38%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535925.15   | 0.20%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444452P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2194645.53   | 0.28%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1197420.72   | 0.15%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389C97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2234771.90   | 0.29%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1080980.18   | 0.14%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE                                                                       | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567529.70   | 0.20%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                                                                                               | CUSIP: 67756CCW6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1095718.14   | 0.14%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6580000 | OU      | $-28261.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                                                                                    | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2720320.61   | 0.35%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452153JH3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015714.40   | 0.13%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                           | UTAH ST TRANSIT AUTH SALES TAX REVENUE                                                                                             | CUSIP: 917567AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000321.90   | 0.13%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                                                                                                    | CUSIP: 84129NKG3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1282005.62   | 0.16%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A4P9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1652820.90   | 0.21%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTHSOL WST DISP FAC REVENUE                                                                              | CUSIP: 54640TAK5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1906562.41   | 0.24%             | 2043-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE                                                                                    | CUSIP: 57422JBH0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025979.10   | 0.39%             | 2028-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                                                                                       | CUSIP: 39081JBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058645.10   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND                                    | Nuveen AMT-Free Quality Municipal Income Fund                                                                                      | CUSIP: 670657774<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2029-03-01      | Floating      | 2.42%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 4 Mesa                                | MARICOPA CNTY AZ UNIF SCH DIST #4 MESA                                                                                             | CUSIP: 566897VZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1006382.38   | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                                           | CUSIP: 64972GQW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1418454.64   | 0.18%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                            | MEDFORD OR HOSP FACS AUTH REVENUE                                                                                                  | CUSIP: 584283GK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039963.00   | 0.13%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado State Education Loan Program                                            | COLORADO ST EDUC LOAN PROGRAM                                                                                                      | CUSIP: 19672MDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002671.80   | 0.26%             | 2025-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048562.40   | 0.26%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037354.20   | 0.26%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4128586.80   | 0.53%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                                                                                      | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000266.20   | 0.13%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3672430.30   | 0.47%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mandan Public School District No 1                                               | MANDAN ND PUBLIC SCH DIST #1                                                                                                       | CUSIP: 562578PE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1950292.35   | 0.25%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                 | Altria Group Inc                                                                                                                   | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    215000 | PA      | $201771.05    | 0.03%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995660.40    | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                             | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1186048.60   | 0.15%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115859.40   | 0.27%             | 2054-04-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896UR4<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002139.80   | 0.26%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                                            | CUSIP: 438687JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1075937.63   | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                                                                                      | CUSIP: 594615FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1802615.33   | 0.23%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647FY2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035071.50   | 0.13%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                                           | CUSIP: 64972GN42<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    205000 | PA      | $205141.16    | 0.03%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                                                                                      | CUSIP: 646039VK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.45%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6000000 | OU      | $37016.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261ANG8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2065230.27   | 0.26%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                           | CUSIP: 19645URD8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008604.70   | 0.13%             | 2034-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                         | WASHINGTON TWP CA HLTH CARE DIST REVENUE                                                                                           | CUSIP: 940204GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $688133.16    | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                                                                                                    | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990791.40    | 0.13%             | 2047-11-15      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                              | CROWLEY TX INDEP SCH DIST                                                                                                          | CUSIP: 228130DV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1857776.56   | 0.24%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                           | DETROIT MI DOWNTOWN DEV AUTH TAX INCREMENT REVENUE                                                                                 | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006699.50   | 0.13%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                             | CUSIP: 472682ZD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1087213.32   | 0.14%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048VBM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025729.40   | 0.13%             | 2029-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062173.00   | 0.14%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                                | NEWARK NJ                                                                                                                          | CUSIP: 650367PP4<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1347259.62   | 0.17%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $980287.62    | 0.13%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                                                                                         | CUSIP: 29270CG58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2012880.73   | 0.26%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                                | CUSIP: 45470CAE9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $482397.85    | 0.06%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445W70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1676579.30   | 0.21%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PG90<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009357.40   | 0.13%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                          | Santander Bank Auto Credit-Linked Notes Series 2023-A                                                                              | CUSIP: 80290CBU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54871 | PA      | $55041.53     | 0.01%             | 2033-06-15      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                   | ALLEN CNTY OH HOSP FACS REVENUE                                                                                                    | CUSIP: 01757LHC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2208003.40   | 0.28%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521525J6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    685000 | PA      | $724687.19    | 0.09%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE                                                                              | CUSIP: 43233KAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6350000.00   | 0.81%             | 2038-11-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                                     | CUSIP: 20772KEL9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011192.00   | 0.26%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647HM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2111099.20   | 0.27%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                               | CUSIP: 155498KD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1520866.43   | 0.19%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                                                                                               | CUSIP: 852640AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003529.80   | 0.26%             | 2032-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH LEASE REVENUE                                                                                             | CUSIP: 71885MAP7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    900000 | PA      | $883325.88    | 0.11%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                                                                                | CUSIP: 167560TK7<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    850000 | PA      | $867704.57    | 0.11%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4499000 | OU      | $34908.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444457J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013272.70   | 0.13%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723HC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1799411.78   | 0.23%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                           | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                                                                                        | CUSIP: 85732GTZ3<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584Y7F0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2087731.35   | 0.27%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366C79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033946.00   | 0.13%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392274Y75<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004875.00   | 0.13%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                               | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   8278481 | NS      | $8278480.71   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE                                                                               | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517939.70   | 0.19%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                             | CUSIP: 613603YM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046450.20   | 0.13%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562059.35   | 0.20%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584XJS1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251476.63   | 0.16%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI Sewerage System Revenue                                     | MILWAUKEE WI SEWERAGE REVENUE                                                                                                      | CUSIP: 60242MDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $352564.91    | 0.05%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GGC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521653.55   | 0.19%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B7F9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $787293.90    | 0.10%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1881000 | PA      | $1870183.69   | 0.24%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1108000 | PA      | $1137077.69   | 0.15%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                                                                                      | CUSIP: 586111PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1413981.39   | 0.18%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $887901.60    | 0.11%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 8371516C8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1945085.12   | 0.25%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                                       | CUSIP: 60412AXV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003223.50   | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295E47<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.40%             | 2060-03-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RDH1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.04%             | 2038-02-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182QL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3564201.88   | 0.46%             | 2035-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 626207Q49<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1858852.45   | 0.24%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIVICVentures/AK                                                                 | CIVICVENTURES AK                                                                                                                   | CUSIP: 178860BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504892.55   | 0.19%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584YSU4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001231.40   | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                              | CUSIP: 5444954L5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1598440.48   | 0.20%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Harbor System Revenue                                            | HAWAII ST HARBOR SYS REVENUE                                                                                                       | CUSIP: 41981THF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2174084.42   | 0.28%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GFX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033243.40   | 0.13%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust                                     | Arivo Acceptance Auto Loan Receivables Trust 2024-1                                                                                | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134797 | PA      | $135530.71    | 0.02%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250FG4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040408.70   | 0.13%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056320.00   | 0.26%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182PH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $703198.44    | 0.09%             | 2031-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                                     | CUSIP: 645790PK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002791.40   | 0.26%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                           | Aviation Capital Group LLC                                                                                                         | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    290000 | PA      | $284162.30    | 0.04%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL                                                                                                                 | CUSIP: 59333FTT7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1056567.82   | 0.14%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                                                                                        | CUSIP: 64578EJB4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000610.30   | 0.13%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ECON DEV AUTH                                                                                                        | CUSIP: 95649DAG3<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2847829.39   | 0.36%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182KY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006842.50   | 0.13%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester NY                                                             | ROCHESTER NY                                                                                                                       | CUSIP: 771694RA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005935.80   | 0.26%             | 2025-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                          | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                         | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1551422.40   | 0.20%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                                       | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1940890.77   | 0.25%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                                                         | Dext ABS 2023-1 LLC                                                                                                                | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    187475 | PA      | $188079.22    | 0.02%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| County of St Louis MO                                                            | SAINT LOUIS CNTY MO SPL OBLG                                                                                                       | CUSIP: 791526QH2<br>LEI: 5493003TZLKXNN2MGO51 | Long             | DBT              | MUN               | US        |    755000 | PA      | $769905.21    | 0.10%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                   | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC LEASE REVENUE                                                                                 | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100053.90   | 0.14%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160TW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1867948.00   | 0.24%             | 2027-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966SFN1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006676.20   | 0.26%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                                                                                                 | CUSIP: 432308V50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2462745.68   | 0.32%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $938136.97    | 0.12%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584XJX0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1312339.53   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                               | CUSIP: 45471CCS5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1996603.60   | 0.26%             | 2046-11-01      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                                                                                                    | CUSIP: 64577XEK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1396109.44   | 0.18%             | 2027-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2500000 | OU      | $50095.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH REVENUE                                                                                                 | CUSIP: 048506CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2453980.08   | 0.31%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE                                                                               | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1490714.40   | 0.19%             | 2050-09-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2048-03-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BDA3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000722.60   | 0.13%             | 2029-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority  | CUMBERLAND CNTY NC INDL FACS & POLL CONTROL FING AUTH SOL WS                                                                       | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000646.80   | 0.26%             | 2027-12-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                                                                                       | CUSIP: 63607YCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1606852.06   | 0.21%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063EDB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2043402.58   | 0.26%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp for Pickens School District                    | SCAGO SC EDUCTNL FACS CORP FOR PICKENS SCH DIST                                                                                    | CUSIP: 80585TCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501375.20   | 0.19%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                                                                                                     | CUSIP: 956622K37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1360000.00   | 0.17%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBR7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1539138.90   | 0.20%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                                                                                         | CUSIP: 800766LC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $785320.97    | 0.10%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389D70<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1018871.44   | 0.13%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389F52<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029087.10   | 0.13%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SEWAGE SLUDGE DISP REVENU                                                                       | CUSIP: 70870FAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1221821.34   | 0.16%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004610.10   | 0.13%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 6262074S0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $529851.85    | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                                                                                          | CUSIP: 66285WSG2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010716.30   | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD                                                                                                                 | CUSIP: 6133407D4<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1552334.81   | 0.20%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                      | CUSIP: 140427BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524148.95   | 0.20%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority             | MET GOVT NASHVILLE & DAVIDSONCNTY TN SPORTS AUTH                                                                                   | CUSIP: 592090JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1607208.42   | 0.21%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                               | TENNESSEE ST                                                                                                                       | CUSIP: 880541XG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1018288.70   | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU                                                                       | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006887.40   | 0.26%             | 2027-09-15      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                                                                                       | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1982157.40   | 0.25%             | 2039-09-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                                                                                   | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2980323.00   | 0.38%             | 2040-03-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GTD4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005138.00   | 0.13%             | 2048-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                                                                                       | CUSIP: 04780TEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2127713.20   | 0.27%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005852.70   | 0.13%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389ZQ4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1292924.05   | 0.17%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $897660.54    | 0.12%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584XT35<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1250466.84   | 0.16%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APR2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    630000 | PA      | $634680.52    | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WR97<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1578990.29   | 0.20%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                                                                               | CUSIP: 88285ACN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029458.40   | 0.13%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B8A9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    900000 | PA      | $918299.52    | 0.12%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hoboken NJ                                                               | HOBOKEN NJ                                                                                                                         | CUSIP: 434110XP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007751.30   | 0.13%             | 2026-03-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                  | GARDEN ST PRESERVATION TRUST NJ OPEN SPACE & FARMLAND PRESER                                                                       | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2654586.81   | 0.34%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966QLZ1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505007.15   | 0.19%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DWG0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2628497.25   | 0.34%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH INS                                                                        | CUSIP: 546275AE8<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    665000 | PA      | $686359.20    | 0.09%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505SL1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011827.50   | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DRP6<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1577216.72   | 0.20%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2582045.50   | 0.33%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1047141.28   | 0.13%             | 2026-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                                                                                         | CUSIP: 29270C6A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001433.20   | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | PRINCE GEORGES CNTY MD                                                                                                             | CUSIP: 7417014W3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578544.95   | 0.20%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 837151MH9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.26%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                             | CUSIP: 939783YX8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1217359.19   | 0.16%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                                                                                      | CUSIP: 646039YJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.26%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 6262074A9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1260442.92   | 0.16%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2864388.18   | 0.37%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE                                                                           | CUSIP: 130536LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009556.50   | 0.13%             | 2038-11-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                      | CUSIP: 93974E4K9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003109.00   | 0.26%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reynoldsburg City School District                                                | REYNOLDSBURG OH CITY SCH DIST                                                                                                      | CUSIP: 761852GC0<br>LEI: 5493008FQ0C4VK7NRG77 | Long             | DBT              | MUN               | US        |    800000 | PA      | $815934.24    | 0.10%             | 2030-09-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109599.60   | 0.27%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048TTL7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999421.90    | 0.13%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS2Y6E4   IRS USD R F  4.20200 IS2Y6E4 CCPOIS / Short: SS2Y6E4   IRS USD P V 00MSOFR IS2Y6F5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  15700000 | OU      | $20270.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DSL4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546290.90   | 0.20%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366Y42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1112602.65   | 0.14%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584Y7K9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081584.90   | 0.14%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WS39<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2575449.00   | 0.33%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $1855926.92   | 0.24%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                      | CUSIP: 93974EB54<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003206.90   | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532EF7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1148521.77   | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837032BJ9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3478124.15   | 0.45%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Board of Higher Education                                                   | UTAH ST BRD OF RGTS REVENUE                                                                                                        | CUSIP: 91754RBW6<br>LEI: 549300SAYC054T80UK17 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1512870.05   | 0.19%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | NEW YORK ST ENERGY RESEARCH & DEV AUTH POLL CONTROL REVENUE                                                                        | CUSIP: 649845HF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999120.50    | 0.13%             | 2032-08-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Adams & Weld Counties School District No 27J Brighton/CO                         | ADAMS & WELD CNTYS CO SCH DIST #27J BRIGHTON                                                                                       | CUSIP: 005518VY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1462038.90   | 0.19%             | 2027-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461362B6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1104710.11   | 0.14%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                | VENICE FL                                                                                                                          | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $897135.57    | 0.11%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B6S2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079660.50   | 0.14%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Kentucky University                                                      | WSTRN KY UNIV                                                                                                                      | CUSIP: 9585193S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1667005.20   | 0.21%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clover School District No 2                                                      | CLOVER SC SCH DIST #2                                                                                                              | CUSIP: 189152HB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4024411.20   | 0.52%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE                                                                       | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1696758.35   | 0.22%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                              | Freddie Mac STACR REMIC Trust 2023-DNA2                                                                                            | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |    324460 | PA      | $330339.17    | 0.04%             | 2043-04-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525UX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $786165.35    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                                           | Marlette Funding Trust 2024-1                                                                                                      | CUSIP: 57108VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    214317 | PA      | $214656.16    | 0.03%             | 2034-07-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048VBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519817.85   | 0.19%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036790.60   | 0.26%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mid-Bay Bridge Authority                                                         | FLORIDA ST MID-BAY BRIDGE AUTH                                                                                                     | CUSIP: 342814DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1634978.09   | 0.21%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366W28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1773338.29   | 0.23%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue                  | ARIZONA ST TRANSPRTN BRD HIGHWAY REVENUE                                                                                           | CUSIP: 040654XD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2611913.66   | 0.33%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collier County Industrial Development Authority                                  | COLLIER CNTY FL INDL DEV AUTH                                                                                                      | CUSIP: 194641BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2136671.60   | 0.27%             | 2054-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                                                                                       | CUSIP: 574294CQ5<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    400000 | PA      | $413120.16    | 0.05%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                                                                                       | CUSIP: 717817WJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1294996.21   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5245843.50   | 0.67%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584Y7H6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    415000 | PA      | $415511.03    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XCQ3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3855379.33   | 0.49%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 696550ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008883.60   | 0.39%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275AV5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1097158.40   | 0.14%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6920000 | OU      | $-16508.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV CORP                                                                                                         | CUSIP: 682832KV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1009602.81   | 0.13%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE                                                                                | CUSIP: 593338AX4<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011597.30   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002116.70   | 0.13%             | 2050-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 837151PQ6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506137.25   | 0.19%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund               | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                                                                                      | CUSIP: 67766WWW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $4915000.00   | 0.63%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE                                                                                   | CUSIP: 873816AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047882.80   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227RN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $617730.83    | 0.08%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049184.20   | 0.13%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VZG2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1498369.31   | 0.19%             | 2026-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WW3<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3964642.80   | 0.51%             | 2028-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE                                                                            | CUSIP: 64578JBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1286754.30   | 0.16%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN                                                                        | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2100285.20   | 0.27%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896SC0<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1158085.38   | 0.15%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 735240L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017432.30   | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | SAINT LOUIS MO ARPT REVENUE                                                                                                        | CUSIP: 791638F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2132413.08   | 0.27%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525XW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1200727.31   | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                                      | CUSIP: 452252NB1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012217.30   | 0.13%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                   | OAKLAND CA UNIF SCH DIST ALAMEDA CNTY                                                                                              | CUSIP: 672325ZR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002894.40   | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647FH9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1100825.16   | 0.14%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund                                     | Nuveen AMT-Free Municipal Credit Income Fund                                                                                       | CUSIP: 67071L825<br>LEI: 549300LBMO1C0IG71T03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2029-03-01      | Floating      | 2.42%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 7352402C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1077394.38   | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                      | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030397.70   | 0.13%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3143486.70   | 0.40%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS34KI5   IRS USD R V 00MSOFR IS34KJ6 CCPOIS / Short: BS34KI5   IRS USD P F  3.94800 IS34KI5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5700000 | OU      | $-37926.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461367P0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1951190.09   | 0.25%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602N7M0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1239283.58   | 0.16%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1634858.76   | 0.21%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE                                                                         | CUSIP: 882667AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060540.00   | 0.14%             | 2030-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NBY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1162351.00   | 0.15%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE                                                                                  | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047625.50   | 0.13%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                  | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $835706.33    | 0.11%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                                                                                       | CUSIP: 6450205L8<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1919129.25   | 0.25%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RNN7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.18%             | 2041-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Mid-Bay Bridge Authority                                                         | FLORIDA ST MID-BAY BRIDGE AUTH                                                                                                     | CUSIP: 342814DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254889.88   | 0.16%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063695.10   | 0.14%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4503000 | OU      | $21196.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                                                                                                    | CUSIP: 7178237H5<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1905138.36   | 0.24%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525W38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1701654.44   | 0.22%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                             | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                                                                                        | CUSIP: 88880LAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $213955.70    | 0.03%             | 2049-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                          | UNIV OF MINNESOTA MN                                                                                                               | CUSIP: 914460QA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1056050.17   | 0.14%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $465732.90    | 0.06%             | 2038-12-01      | Floating      | 2.40%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                                                                                | CUSIP: 167560SZ5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2677261.93   | 0.34%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Los Angeles CA                                                         | LOS ANGELES CNTY CA                                                                                                                | CUSIP: 544657JB6<br>LEI: 254900NGUPWO7FB6II89 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3184126.69   | 0.41%             | 2025-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                                                                                                   | CUSIP: 114894VW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $935211.81    | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                         | CUSIP: 2510933E8<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011393.90   | 0.13%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505WP7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1605843.38   | 0.21%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                                     | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2381856.69   | 0.31%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TCT2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019337.00   | 0.13%             | 2049-06-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                                        | CUSIP: 121342QE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2257054.20   | 0.29%             | 2032-10-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Jersey City NJ                                                           | JERSEY CITY NJ                                                                                                                     | CUSIP: 476576VT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2511585.75   | 0.32%             | 2025-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445CQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3469317.30   | 0.44%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APZ4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1912871.36   | 0.25%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                                                                                               | CUSIP: 62620HKE1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072450.00   | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227UF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1915716.89   | 0.25%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532AU8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061588.20   | 0.26%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                              | Freddie Mac STACR REMIC Trust 2023-DNA1                                                                                            | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |    621371 | PA      | $630089.17    | 0.08%             | 2043-03-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 59333MW68<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524040.80   | 0.20%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275EP4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035071.50   | 0.13%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                                                                                          | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2899750.80   | 0.37%             | 2056-04-01      | Floating      | 2.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505VX1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032771.60   | 0.13%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    756000 | PA      | $750449.67    | 0.10%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                                                                                        | CUSIP: 514045ZG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.06%             | 2034-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                            | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3684435.30   | 0.47%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                            | CUSIP: 118217CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1474513.62   | 0.19%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BDE5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1129453.92   | 0.14%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051256.30   | 0.13%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp for Pickens School District                    | SCAGO SC EDUCTNL FACS CORP FOR PICKENS SCH DIST                                                                                    | CUSIP: 80585TCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000872.50   | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                                                                                       | CUSIP: 725304TT6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1049621.30   | 0.13%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                                            | CUSIP: 438670Y62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1045454.28   | 0.13%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                             | NEWPORT MESA CA UNIF SCH DIST                                                                                                      | CUSIP: 652113UQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1626536.60   | 0.21%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                                                                                                   | CUSIP: 25476FRJ9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2550903.00   | 0.33%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE                                                                           | CUSIP: 160853LL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075000.00   | 0.14%             | 2044-01-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                                                                   | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     27000 | PA      | $28800.90     | 0.00%             | 2028-09-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                             | CUSIP: 613603YN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563417.15   | 0.20%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                            | CUSIP: 04780MR92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032986.10   | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DR57<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    650000 | PA      | $700934.91    | 0.09%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000BMN5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000271.50   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Brevard FL                                                             | BREVARD CNTY FL LOCAL OPTION FUEL TAX REVENUE                                                                                      | CUSIP: 10741MBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1477465.68   | 0.19%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                     | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1946000 | PA      | $1945796.84   | 0.25%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                     | CUSIP: 09182NBX7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    650000 | PA      | $651311.64    | 0.08%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST                                                                                                                  | CUSIP: 658256M25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2125853.99   | 0.27%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                                                                                          | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $123267.41    | 0.02%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Snohomish County School District No 103 Monroe                                   | SNOHOMISH CNTY WA SCH DIST #103                                                                                                    | CUSIP: 833209LC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                                                                                        | CUSIP: 56678PBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017825.40   | 0.26%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                                     | CUSIP: 645790CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1056512.03   | 0.14%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2088896.95   | 0.27%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3118175.40   | 0.40%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2150966.00   | 0.28%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227UA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000654.50   | 0.13%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6244905.60   | 0.80%             | 2054-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528UR78<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467CG5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1195860.18   | 0.15%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                                                                                                   | CUSIP: 25476FH27<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 0.15%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV                                                                       | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3240860.40   | 0.42%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30997   IRS USD R F  3.81350 IS30997 CCPOIS / Short: SS30997   IRS USD P V 00MSOFR IS309A8 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2336000 | OU      | $10822.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2954614.50   | 0.38%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                           | CUSIP: 67884XCD7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031345.80   | 0.13%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                                                                                         | CUSIP: 95737TCF1<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1080000.00   | 0.14%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Palm Beach Community Redevelopment Agency                                   | W PALM BEACH FL CMNTY REDEV AGY                                                                                                    | CUSIP: 955070CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2601812.99   | 0.33%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                                               | JEFFERSON CNTY OH PORT AUTH ECECON DEV REVENUE                                                                                     | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000745.60   | 0.13%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                         | COBB CNTY GA DEV AUTH EDUCTNL FACS REVENUE                                                                                         | CUSIP: 190782AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1160329.67   | 0.15%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                | QUINCY MA                                                                                                                          | CUSIP: 748508Y69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004441.40   | 0.26%             | 2025-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    675000 | PA      | $707237.93    | 0.09%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DBR4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.45%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                  | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3817462.32   | 0.49%             | 2054-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                                                                                       | CUSIP: 402682CQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2457526.40   | 0.31%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 80 Chandler                           | MARICOPA CNTY AZ UNIF SCH DIST #80 CHANDLER                                                                                        | CUSIP: 567389ZG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1176616.21   | 0.15%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Airport System                                            | SAN ANTONIO TX ARPT SYS REVENUE                                                                                                    | CUSIP: 796242UB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $577887.48    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Ward ND                                                                | WARD CNTY ND HLTH CARE FACS REVENUE                                                                                                | CUSIP: 934023EP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1304532.84   | 0.17%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charlotte FL                                                           | CHARLOTTE CNTY FL CAPITAL IMPT REVENUE                                                                                             | CUSIP: 160790BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1086129.54   | 0.14%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HLTHCARE SYS REVENUE                                                                                            | CUSIP: 74447GAK6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1359067.98   | 0.17%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Hospital Authority                                                        | IRVING TX HOSP AUTH                                                                                                                | CUSIP: 463794KA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008001.80   | 0.13%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1483749.60   | 0.19%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3478478.50   | 0.45%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | JACKSONVILLE FL HLTH CARE FACS REVENUE                                                                                             | CUSIP: 469400CW3<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |    600000 | PA      | $612208.86    | 0.08%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                    | CUSIP: 74442CCP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    755000 | PA      | $795888.16    | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                                                                                               | CUSIP: 37329DBB2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2005999.91   | 0.26%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                                                            | Theorem Funding Trust 2023-1                                                                                                       | CUSIP: 88338QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13781 | PA      | $13834.86     | 0.00%             | 2029-04-15      | Fixed         | 7.58%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                         | Nuveen California AMT-Free Quality Municipal Income Fund                                                                           | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2047-10-01      | Floating      | 2.42%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DX76<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1137791.22   | 0.15%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                                                 | BAT Capital Corp                                                                                                                   | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231060.30    | 0.03%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DGC0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006645.30   | 0.13%             | 2053-12-01      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227RZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1375899.94   | 0.18%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PF91<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982970.20    | 0.13%             | 2038-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Department of Transportation                                      | NORTH CAROLINA DEPT TRANSN    PRIVATE ACTIVITY REVENUE                                                                             | CUSIP: 65820FAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1405451.99   | 0.18%             | 2037-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                              | CROWLEY TX INDEP SCH DIST                                                                                                          | CUSIP: 228130DW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002993.60   | 0.26%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                                       | CUSIP: 60412AGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2708703.45   | 0.35%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504985.70   | 0.19%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                         | LANCASTER OH PORT AUTH GAS REVENUE                                                                                                 | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044562.00   | 0.13%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                                     | CUSIP: 20772JA93<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505801.00   | 0.32%             | 2033-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                                                                                                    | CUSIP: 047870MT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001520.50   | 0.13%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                            | S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE                                                                                   | CUSIP: 838536KC3<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1787382.28   | 0.23%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                                   | Pagaya AI Debt Trust 2023-3                                                                                                        | CUSIP: 69548BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4019 | PA      | $4023.31      | 0.00%             | 2030-12-16      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                        | CUSIP: 70868YAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2127136.40   | 0.27%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scottsdale Municipal Property Corp                                               | SCOTTSDALE AZ MUNI PROPERTY CORP EXCISE TAX REVENUE                                                                                | CUSIP: 810489RT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3002043.30   | 0.38%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Juan Unified School District                                                 | SAN JUAN CA UNIF SCH DIST                                                                                                          | CUSIP: 798306XM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500818.25   | 0.32%             | 2025-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of New Hanover NC                                                         | NEW HANOVER CNTY NC                                                                                                                | CUSIP: 6448005L4<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1037357.47   | 0.13%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST LTD OBLIG                                                                                                        | CUSIP: 65829QCJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994932.00    | 0.13%             | 2028-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WS47<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1105963.98   | 0.14%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                                                                                               | CUSIP: 882854C83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002974.00   | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal                             | SEWARD CNTY KS UNIF SCH DIST #480                                                                                                  | CUSIP: 818461JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507140.30   | 0.19%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467CQ3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    440000 | PA      | $447584.94    | 0.06%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160TV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1922480.80   | 0.25%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                 | Connecticut Avenue Securities Trust 2024-R03                                                                                       | CUSIP: 207941AA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    909121 | PA      | $909853.01    | 0.12%             | 2044-03-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Idaho State Building Authority                                                   | IDAHO ST BLDG AUTH SALES TAX REVENUE                                                                                               | CUSIP: 451446AL2<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.20%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                                                                      | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    184000 | PA      | $192515.52    | 0.02%             | 2028-11-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Orangeburg County School District                                                | ORANGEBURG CNTY SCH DIST                                                                                                           | CUSIP: 685363AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006745.20   | 0.26%             | 2025-08-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT                                                                                                                          | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $827624.35    | 0.11%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                                                                                           | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1959593.20   | 0.25%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority Commonwealth Port Fund                                   | VIRGINIA ST PORT AUTH CMWLTH PORT FND REVENUE                                                                                      | CUSIP: 928075GV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001392.10   | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                            | CUSIP: 592190NV0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1062006.01   | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025764.30   | 0.13%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                                        | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1476847.65   | 0.19%             | 2049-12-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| New Brunswick Parking Authority                                                  | NEW BRUNSWICK NJ PKG AUTH                                                                                                          | CUSIP: 642835NW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041254.20   | 0.26%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEVAUTH POLL CONTROL REVENUE                                                                             | CUSIP: 13078HBA9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015773.20   | 0.13%             | 2033-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1212535.51   | 0.16%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST ALGAS PREPAY REVENUE                                                                                    | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000229.60   | 0.26%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                                 | CUSIP: 59335KER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051725.50   | 0.13%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004715.10   | 0.38%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Sanitation Districts Financing Authority                      | LOS ANGELES CNTY CA SANTN DISTS FING AUTH                                                                                          | CUSIP: 545149KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1164512.28   | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                           | CLARK CNTY NV ARPT REVENUE                                                                                                         | CUSIP: 18085PST2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3103715.66   | 0.40%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                    | CUSIP: 74442CEB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990729.20    | 0.13%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                              | CUSIP: 897579AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002137.80   | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3106673.10   | 0.40%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4526441.55   | 0.58%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hernando County School District                                                  | HERNANDO CNTY FL SCH BRD COPS                                                                                                      | CUSIP: 42766MED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1351996.38   | 0.17%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PJU6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1089281.63   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GBB7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1808619.21   | 0.23%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XAG7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2526138.30   | 0.32%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074522.40   | 0.27%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1822711.10   | 0.23%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1492343.70   | 0.19%             | 2032-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                                         | CUSIP: 167486F79<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2139822.09   | 0.27%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                               | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $694235.57    | 0.09%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                                  | PORT SAINT LUCIE FL UTILITY REVENUE                                                                                                | CUSIP: 735352QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3567089.03   | 0.46%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1721214.19   | 0.22%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE                                                                                | CUSIP: 593338AS5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1649879.40   | 0.21%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Registration Fee Revenue                        | PENNSYLVANIA ST TURNPIKE COMMISSION REGISTRATION FEE REVENUE                                                                       | CUSIP: 709222DS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997928.90    | 0.13%             | 2041-07-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295ZL6<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034376.30   | 0.13%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063ELV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119048.10   | 0.14%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                                                                               | CUSIP: 6069014P8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    945000 | PA      | $945000.00    | 0.12%             | 2035-10-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                                                                                     | CUSIP: 40065FEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019759.60   | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Richmond Convention Center Authority                                     | GTR RICHMOND VA CONVENTION CENTER AUTH HOTEL TAX REVENUE                                                                           | CUSIP: 392329CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1801156.86   | 0.23%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                              | CUSIP: 5444955U4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2019600.82   | 0.26%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                                                                                      | CUSIP: 154872AT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000265.60   | 0.13%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467AE2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025604.40   | 0.13%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                                   | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047726.20   | 0.26%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                           | WEST VIRGINIA ST                                                                                                                   | CUSIP: 956553E31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2810000.00   | 0.36%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048709.80   | 0.13%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896SZ9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2327428.58   | 0.30%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                       | PIERCE CNTY WA SCH DIST #10 TACOMA                                                                                                 | CUSIP: 720424ZD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2211961.76   | 0.28%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No Re-1 Douglas & Elbert Counties                 | DOUGLAS CNTY CO SCH DIST #RE-1 DOUGLAS & ELBERT CNTYS                                                                              | CUSIP: 258885N32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4529988.29   | 0.58%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                     | AMERICAN MUNI PWR-OHIO INC OH REVENUE                                                                                              | CUSIP: 02765UQB3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1049225.76   | 0.13%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                              | CDW LLC / CDW Finance Corp                                                                                                         | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $358777.90    | 0.05%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1639601.25   | 0.21%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                           | UTAH ST TRANSIT AUTH SALES TAX REVENUE                                                                                             | CUSIP: 917567AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501016.25   | 0.19%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647EC1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    465000 | PA      | $474172.31    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036582.90   | 0.13%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                       | CUSIP: 59447T5Q2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004901.00   | 0.26%             | 2025-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                                                                                          | CUSIP: 717903L71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1999309.95   | 0.26%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                | CUSIP: 64577BTB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543146.45   | 0.20%             | 2028-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                                                                                   | CUSIP: 79739GQU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1697255.72   | 0.22%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Augusta Development Authority                                                    | AUGUSTA GA DEV AUTH REVENUE                                                                                                        | CUSIP: 05115CAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200223.30    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE                                                                       | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031292.90   | 0.13%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275BP7<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1356581.25   | 0.17%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                                                                                     | CUSIP: 64971WG87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001309.00   | 0.26%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                                                                                        | CUSIP: 574193PL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1770601.40   | 0.23%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                          | MONTGOMERY CNTY OH HOSP REVENUE                                                                                                    | CUSIP: 613520LQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.04%             | 2045-11-15      | Floating      | 3.05%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4498000 | OU      | $24780.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                                         | CUSIP: 13068XMC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2280954.80   | 0.29%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                                         | CUSIP: 13068LW35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1469473.11   | 0.19%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1316186.38   | 0.17%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                           | CUSIP: 11861MBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522611.75    | 0.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                                    | Lendbuzz Securitization Trust 2025-1                                                                                               | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2185000 | PA      | $2188919.67   | 0.28%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                | CUSIP: 64577BD92<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1410472.14   | 0.18%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                     | CUSIP: 9277817N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939591.20    | 0.12%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTR REVENUE                                                                                                             | CUSIP: 167736SJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $802192.94    | 0.10%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160SG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024451.40   | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6000000 | OU      | $13278.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968677.10    | 0.12%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                                                                                                 | CUSIP: 650035Q43<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005862.70   | 0.13%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Green Lake Township Economic Development Corp                                    | GREEN LAKE TWP MI ECON DEV CORP                                                                                                    | CUSIP: 393096AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.22%             | 2034-06-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                | CUSIP: 64577BKJ2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3952410.69   | 0.51%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Insurance Assistance Interlocal Agency Inc                               | FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY                                                                                        | CUSIP: 34074EAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1082649.87   | 0.14%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Special Health Care District                                     | MARICOPA CNTY AZ SPL HLTH CARE DIST                                                                                                | CUSIP: 56756TAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1326942.32   | 0.17%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                        | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE                                                                          | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083305.70   | 0.14%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Springfield IL Electric Revenue                                          | SPRINGFIELD IL ELEC REVENUE                                                                                                        | CUSIP: 850578TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062230.20   | 0.26%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | SAINT CLOUD MN HLTH CARE REVENUE                                                                                                   | CUSIP: 78916VDK3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1244732.06   | 0.16%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 2025 Loan Holding - 1                                                            | 2025 LOAN HOLDING - 1                                                                                                              | CUSIP: 90223AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.31%             | 2026-05-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NORTHERN IL UNIV REVENUES                                                                                                          | CUSIP: 665245YH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $764729.28    | 0.10%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035120.10   | 0.13%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | WHITING IN ENVRNMNTL FACS REVENUE                                                                                                  | CUSIP: 96634RAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996946.30    | 0.13%             | 2044-06-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                           | ALLEGHENY CNTY PA                                                                                                                  | CUSIP: 01728VSH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4434692.24   | 0.57%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 59333MQ65<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1357554.13   | 0.17%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                                | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023712.80   | 0.26%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $590589.96    | 0.08%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| City & County of Broomfield CO Sales & Use Tax Revenue                           | BROOMFIELD CO SALES & USE TAX REVENUE                                                                                              | CUSIP: 114760FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064389.60   | 0.26%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XNL2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1325881.92   | 0.17%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452153KQ1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2138511.80   | 0.27%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wolf Creek Infrastructure Financing District No 1                                | WOLF CREEK INFRASTRUCTURE FING DIST #1 UT SPL ASSMNT                                                                               | CUSIP: 977695AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981895.50    | 0.13%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH SOL WST DISP REVENUE                                                                                             | CUSIP: 56042CAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1498166.10   | 0.19%             | 2035-08-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PMF5<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000973.20   | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                                                                                       | CUSIP: 717817XF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $945923.17    | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine Wash Local District                                                    | GRAPEVINE WASH LOCAL DIST UT SPL ASSMNT                                                                                            | CUSIP: 38860FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924459.30    | 0.12%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                               | CUSIP: 155498FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1075892.18   | 0.14%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                                                                                               | CUSIP: 207758Q97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1572505.09   | 0.20%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055634.40   | 0.39%             | 2042-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JUD8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2234685.40   | 0.29%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                  | PORT OF OAKLAND CA                                                                                                                 | CUSIP: 735000TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1666529.55   | 0.21%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                        | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1806274.87   | 0.23%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                                                                                       | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1986667.80   | 0.25%             | 2034-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD                                                                                                        | CUSIP: 64763HMA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045948.10   | 0.13%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                     | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE                                                                                | CUSIP: 591745V35<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1832863.22   | 0.23%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                          | CUSIP: 13032UYT9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2991003.30   | 0.38%             | 2054-08-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS34A29   CDS USD R V 03MEVENT IS34A30 CCPCDX / Short: BS34A29   CDS USD P F  5.00000 IS34A29 CCPCDX                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    730000 | OU      | $-52517.65    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                     | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1103315.70   | 0.14%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                  | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023165.00   | 0.13%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535252.00   | 0.32%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4226326.40   | 0.54%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063CYL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008778.20   | 0.26%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA LIMITED OBLIG                                                                                                        | CUSIP: 82545PAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1428040.04   | 0.18%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068550.70   | 0.14%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                                                                             | CUSIP: 60637ATQ5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011575.80   | 0.26%             | 2051-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3646646.50   | 0.47%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                                   | CUSIP: 57582RKA3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1067254.44   | 0.14%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST LTD OBLIG                                                                                                        | CUSIP: 65829QBT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4195000.00   | 0.54%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2818487.93   | 0.36%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                                   | Pagaya AI Debt Trust 2024-1                                                                                                        | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37775 | PA      | $38025.19     | 0.00%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                                    | Lendbuzz Securitization Trust 2023-1                                                                                               | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371994 | PA      | $377178.87    | 0.05%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                           | Philip Morris International Inc                                                                                                    | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260830.00    | 0.03%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                            | HUNTSVILLE AL                                                                                                                      | CUSIP: 447025UQ8<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    470000 | PA      | $478899.64    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boulder Larimer & Weld Counties St Vrain Valley School District Re1J             | BOULDER LARIMER & WELD CNTYS CO SAINT VRAIN VLY SCH DIST #RE                                                                       | CUSIP: 101565K73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516336.50   | 0.19%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461364M0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    255000 | PA      | $273569.71    | 0.04%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045152.20   | 0.13%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD                                                                       | CUSIP: 592113CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067775.80   | 0.26%             | 2028-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                                                                                               | CUSIP: 650370DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1297978.62   | 0.17%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                          | CUSIP: 13033LM20<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1821510.05   | 0.23%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                             | FAIRFAX CNTY VA                                                                                                                    | CUSIP: 30382AKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1249289.90   | 0.16%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ Water & Sewer Revenue                                        | GLENDALE AZ WTR & SWR REVENUE                                                                                                      | CUSIP: 378352RD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023225.20   | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU                                                                       | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2390990.42   | 0.31%             | 2027-09-15      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GZA3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1434694.24   | 0.18%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 735240L92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1117261.31   | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                     | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2339397.05   | 0.30%             | 2053-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-25

**Name of Applicant:** AB Active ETFs, Inc.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller