# EDGAR Filing Document

**Accession Number:** 0000203142
**File Stem:** 0001410368-26-040956
**Filing Date:** 2026-4
**Character Count:** 241669
**Document Hash:** af3c74983f03f782d030e6cbe75742c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040956.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001410368-26-040956

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS MUNICIPAL TRUST
- **CENTRAL INDEX KEY:** 0000203142

**ORGANIZATION NAME:**
- **EIN:** 046396607
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02671
- **FILM NUMBER:** 26900722

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20060207

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

## Series and Classes Contracts Data

### DWS Managed Municipal Bond Fund (Series ID: S000006095)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000016740 | Class A             | SMLAX           |
| C000016743 | Class C             | SMLCX           |
| C000016744 | Class S             | SCMBX           |
| C000016745 | Institutional Class | SMLIX           |

## Nport-Ex

Investment Portfolio**as of February 28, 2026 (Unaudited)** 

**DWS Managed Municipal Bond Fund** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Municipal Investments 97.5%** | **Municipal Investments 97.5%** |  |
| **Alabama 0.8%** | **Alabama 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Alabama, Black Belt Energy Gas District, Gas Project Revenue, Series D-1, 5.5% (a), <br> 6/1/2049, GTY: Goldman Sachs Group, Inc. <br>| 3000000 | &nbsp;&nbsp; 3215892 |
| Jefferson County, AL, Sewer Revenue, 5.5%, 10/1/2053  | 4170000 | &nbsp;&nbsp; 4424312 |
| &nbsp;&nbsp;&nbsp; Southeast Alabama, Energy Authority Commodity Supply Revenue Project 4, Series A, <br> 4.0% (a), 11/1/2051, GTY: Goldman Sachs Group, Inc. <br>| 5000000 | &nbsp;&nbsp; 5153293 |
|  |  | &nbsp;&nbsp; **12793497** |
| **Alaska 0.2%** | **Alaska 0.2%** |  |
| Alaska, Alaska Railroad Corp., Revenue, AMT, 6.0%, 10/1/2050, INS: AG  | 1500000 | &nbsp;&nbsp; 1641017 |
| &nbsp;&nbsp;&nbsp; Alaska, Northern Tobacco Securitization Corp., Tobacco Settlement Revenue, "1", <br> Series A, 4.0%, 6/1/2050 <br>| 2045000 | &nbsp;&nbsp; 1726315 |
|  |  | &nbsp;&nbsp; **3367332** |
| **Arizona 3.1%** | **Arizona 3.1%** |  |
| &nbsp;&nbsp;&nbsp; Arizona, Health Facilities Authority Revenue, Series B, SIFMA Municipal Swap Index + <br> 0.25%, 2.13% (a), 1/1/2046 <br>| 1165000 | &nbsp;&nbsp; 1157361 |
| Arizona, Salt Verde Financial Corp., Gas Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2032, GTY: Citigroup, Inc.  | 1600000 | &nbsp;&nbsp; 1772061 |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2037, GTY: Citigroup, Inc.  | 8405000 | &nbsp;&nbsp; 9370514 |
| &nbsp;&nbsp;&nbsp; Arizona, State Industrial Development Authority Revenue, ISF Ativo Portfolio Obligated <br> Group, Series 2025-A, 144A, 6.75%, 3/1/2065 <br>| 10430000 | &nbsp;&nbsp; 10647825 |
| &nbsp;&nbsp;&nbsp; Arizona, State Industrial Development Authority, Education Facility Revenue, Odyssey <br> Preparatory Academy Project, 144A, 5.0%, 7/1/2049 <br>| 2830000 | &nbsp;&nbsp; 2567435 |
| &nbsp;&nbsp;&nbsp; Arizona, Yuma Industrial Development Authority Revenue, Regional Medical Center <br> Obligated Group, Series A, 5.25%, 8/1/2049 <br>| 3000000 | &nbsp;&nbsp; 3148620 |
| &nbsp;&nbsp;&nbsp; Maricopa County, AZ, Industrial Development Authority Revenue, Grand Canyon <br> University Obligated Group, 144A, 7.375%, 10/1/2029 <br>| 3000000 | &nbsp;&nbsp; 3239073 |
| &nbsp;&nbsp;&nbsp; Maricopa County, AZ, Industrial Development Authority, Education Revenue, Legacy <br> Traditional Schools Project, Series B, 144A, 5.0%, 7/1/2049 <br>| 4560000 | &nbsp;&nbsp; 4408028 |
| Maricopa County, AZ, Industrial Development Authority, Hospital Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 12/1/2043  | 2150000 | &nbsp;&nbsp; 2331630 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 12/1/2044  | 2750000 | &nbsp;&nbsp; 2945038 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 12/1/2045  | 2200000 | &nbsp;&nbsp; 2328210 |
| &nbsp;&nbsp;&nbsp; Pima County, AZ, Industrial Development Authority, Education Revenue, American <br> Leadership Academy Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, 144A, 4.0%, 6/15/2057  | 6495000 | &nbsp;&nbsp; 4822892 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 6/15/2049  | 1445000 | &nbsp;&nbsp; 1306224 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 6/15/2052  | 1410000 | &nbsp;&nbsp; 1246038 |
|  |  | &nbsp;&nbsp; **51290949** |
| **California 3.1%** | **California 3.1%** |  |
| California, Housing Finance Agency, Municipal Certificates: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series A, 3.25%, 8/20/2036  | 3842833 | &nbsp;&nbsp; 3834681 |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-2, 3.75%, 3/25/2035  | 2882342 | &nbsp;&nbsp; 3014494 |
| &nbsp;&nbsp;&nbsp; California, Morongo Band of Mission Indians Revenue, Series B, 144A, 5.0%, <br> 10/1/2042 <br>| 2395000 | &nbsp;&nbsp; 2444546 |
| California, M-S-R Energy Authority, Series B, 7.0%, 11/1/2034, GTY: Citigroup, Inc.  | 15315000 | &nbsp;&nbsp; 19031047 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; California, Municipal Finance Authority, Barlow Respiratory Hospital Obligated Group, <br> Series A, 4.0%, 9/1/2040 <br>| 6975000 | &nbsp;&nbsp; 6629355 |
| &nbsp;&nbsp;&nbsp; California, Public Finance Authority Revenue, ISF Ativo Portfolio Obligated Group, <br> Series 2025-A, 144A, 6.625%, 3/1/2065 <br>| 6055000 | &nbsp;&nbsp; 6192536 |
| &nbsp;&nbsp;&nbsp; California, River Islands Public Financing Authority, Special Tax, Community Facilities <br> District No. 2019-1, Phase 2 Public Improvements, 3.875%, 9/1/2049 <br>| 1560000 | &nbsp;&nbsp; 1278019 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority Revenue, Catalyst Impact Fund 1 LLC, <br> "II", 144A, 7.0%, 1/1/2039 <br>| 4335000 | &nbsp;&nbsp; 4629157 |
| California, University of California Revenue, Series AL-4, 1.35% (b), 3/2/2026  | 300000 | &nbsp;&nbsp; 300000 |
| Los Angeles, CA, Department of Water & Power Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 7/1/2039  | 2255000 | &nbsp;&nbsp; 2540623 |
| &nbsp;&nbsp;&nbsp; Series C, 5.0%, 7/1/2044  | 1935000 | &nbsp;&nbsp; 2101898 |
|  |  | &nbsp;&nbsp; **51996356** |
| **Colorado 4.2%** | **Colorado 4.2%** |  |
| Colorado, Bridge & Tunnel Enterprise Revenue, Series A, 5.5%, 12/1/2054, INS: AG  | 3000000 | &nbsp;&nbsp; 3244889 |
| Colorado, Denver Health & Hospital Authority Revenue, Series A, 6.0%, 12/1/2055  | 1670000 | &nbsp;&nbsp; 1800721 |
| Colorado, North Range Metropolitan District No. 3, Series A, 5.25%, 12/1/2050  | 3333000 | &nbsp;&nbsp; 3353708 |
| &nbsp;&nbsp;&nbsp; Colorado, Public Energy Authority, Natural Gas Purchase Revenue, 6.5%, 11/15/2038, <br> GTY: Merrill Lynch & Co. <br>| 30000000 | &nbsp;&nbsp; 37161906 |
| &nbsp;&nbsp;&nbsp; Colorado, State Educational & Cultural Facilities Authority Revenue, Stanley <br> Partnership for Art Culture & Education LLC, Series A-1, 144A, 6.875%, 2/1/2059 <br>| 3500000 | &nbsp;&nbsp; 3711171 |
| &nbsp;&nbsp;&nbsp; Colorado, State Health Facilities Authority, Hospital Revenue, CommonSpirit Health <br> Obligation Group, Series A-1, 4.0%, 8/1/2044 <br>| 4000000 | &nbsp;&nbsp; 3751407 |
| Denver City & County, CO, Airport System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.5%, 11/15/2040  | 1835000 | &nbsp;&nbsp; 2073973 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.5%, 11/15/2042  | 1665000 | &nbsp;&nbsp; 1861800 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.5%, 11/15/2043  | 1665000 | &nbsp;&nbsp; 1844213 |
| &nbsp;&nbsp;&nbsp; Series D, AMT, 5.75%, 11/15/2045  | 3280000 | &nbsp;&nbsp; 3588719 |
| &nbsp;&nbsp;&nbsp; Denver, CO, Urban Renewal Authority, Tax Increment Revenue, 9th Urban <br> Redevelopment Area, Series A, 144A, 5.25%, 12/1/2039 <br>| 4420000 | &nbsp;&nbsp; 4445194 |
| Douglas County, CO, Rampart Range Metropolitan District No. 5: |  |  |
| &nbsp;&nbsp;&nbsp; 4.0%, 12/1/2041  | 940000 | &nbsp;&nbsp; 871987 |
| &nbsp;&nbsp;&nbsp; 4.0%, 12/1/2051  | 3510000 | &nbsp;&nbsp; 2867441 |
|  |  | &nbsp;&nbsp; **70577129** |
| **Connecticut 0.4%** | **Connecticut 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut, State Health & Educational Facilities Authority Revenue, Yale University, <br> Series A, 1.75% (b), 3/2/2026 <br>| 7100000 | &nbsp;&nbsp; **7100000** |
| **District of Columbia 1.3%** | **District of Columbia 1.3%** |  |
| District of Columbia, Two Rivers Public Charter School, Inc., 5.0%, 6/1/2050  | 2155000 | &nbsp;&nbsp; 2051444 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington, DC, Airport Authority, Dulles Toll Road Revenue, Series B, <br> 3.0%, 10/1/2050, INS: AG <br>| 3265000 | &nbsp;&nbsp; 2394391 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington, DC, Airports Authority System Revenue, Series A, AMT, <br> 5.5%, 10/1/2054 <br>| 4750000 | &nbsp;&nbsp; 5019294 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington, DC, Area Transit Authority Dedicated Revenue, Series A, <br> 5.5%, 7/15/2060 <br>| 8000000 | &nbsp;&nbsp; 8618019 |
| Washington, DC, Convention & Sports Authority, Dedicated Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2029  | 1455000 | &nbsp;&nbsp; 1512922 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2030  | 1455000 | &nbsp;&nbsp; 1509300 |
|  |  | &nbsp;&nbsp; **21105370** |
| **Florida 7.5%** | **Florida 7.5%** |  |
| Broward County, FL, Airport System Revenue, Series A, AMT, 4.0%, 10/1/2049  | 3425000 | &nbsp;&nbsp; 3072353 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Charlotte County, FL, Industrial Development Authority, Utility System Revenue, Town <br> & Country Utilities Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, AMT, 4.0%, 10/1/2051, GTY: Babcock Ranch IRR LLC  | 4310000 | &nbsp;&nbsp; 3584051 |
| &nbsp;&nbsp;&nbsp; AMT, 6.125%, 10/1/2055  | 5100000 | &nbsp;&nbsp; 5319037 |
| &nbsp;&nbsp;&nbsp; Collier County, FL, State Educational Facilities Authority Revenue, Ave Maria <br> University Inc., 5.25%, 6/1/2038 <br>| 4685000 | &nbsp;&nbsp; 4896910 |
| Florida, Capital Project Finance Authority, Student Housing Revenue, Loan Program: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.0%, 10/1/2032  | 540000 | &nbsp;&nbsp; 578480 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.0%, 10/1/2033  | 540000 | &nbsp;&nbsp; 576230 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.0%, 10/1/2034  | 545000 | &nbsp;&nbsp; 579134 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.0%, 10/1/2035  | 270000 | &nbsp;&nbsp; 285435 |
| &nbsp;&nbsp;&nbsp; Florida, Capital Projects Finance Authority Revenue, Trilogy Community Development <br> Foundation, Inc. Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 7.125%, 1/1/2065  | 3665000 | &nbsp;&nbsp; 3819068 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 7.25%, 1/1/2055  | 2200000 | &nbsp;&nbsp; 2333181 |
| Florida, Capital Trust Agency, Southeastern University Obligated Group Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 6.25%, 5/1/2048  | 2500000 | &nbsp;&nbsp; 2598495 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 6.375%, 5/1/2053  | 1000000 | &nbsp;&nbsp; 1037725 |
| &nbsp;&nbsp;&nbsp; Florida, Capital Trust Authority Revenue, Madrone Florida Tech Student Housing I <br> LLC, Series A, 144A, 5.375%, 7/1/2065 <br>| 1500000 | &nbsp;&nbsp; 1467342 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., Educational Facilities Revenue, Mater Academy <br> Projects, Series A, 5.0%, 6/15/2050 <br>| 5170000 | &nbsp;&nbsp; 4996326 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., AAF Operations Holdings LLC, 144A, AMT, <br> 12.0% (a) (c), 7/15/2032 <br>| 2555000 | &nbsp;&nbsp; 894250 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., Brightline Trains Florida LLC, AMT, 5.5%, <br> 7/1/2053 <br>| 6000000 | &nbsp;&nbsp; 4470000 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., Educational Facilities Revenue, River City Science <br> Academy Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.0%, 7/1/2042  | 280000 | &nbsp;&nbsp; 283921 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 7/1/2042  | 295000 | &nbsp;&nbsp; 299131 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.0%, 7/1/2051  | 255000 | &nbsp;&nbsp; 244035 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 7/1/2051  | 420000 | &nbsp;&nbsp; 401939 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.0%, 2/1/2057  | 145000 | &nbsp;&nbsp; 136933 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 7/1/2057  | 440000 | &nbsp;&nbsp; 415382 |
| &nbsp;&nbsp;&nbsp; Florida, Higher Educational Facilities Financing Authority Revenue, Rollins College <br> Project, 4.125%, 12/1/2054 <br>| 13690000 | &nbsp;&nbsp; 12400015 |
| &nbsp;&nbsp;&nbsp; Florida, State Development Finance Corp., Senior Living Revenue, The Cabana at <br> Jensen Dunes Project, Series A, 144A, 5.25%, 11/15/2056 <br>| 16000000 | &nbsp;&nbsp; 12094966 |
| &nbsp;&nbsp;&nbsp; Florida, State Higher Educational Facilities Financial Authority Revenue, Florida <br> Institute of Technology, 4.0%, 10/1/2044 <br>| 1000000 | &nbsp;&nbsp; 923272 |
| &nbsp;&nbsp;&nbsp; Florida, State Higher Educational Facilities Financial Authority Revenue, Jacksonville <br> University Project, Series A-1, 144A, 4.75%, 6/1/2038 <br>| 1600000 | &nbsp;&nbsp; 1577573 |
| &nbsp;&nbsp;&nbsp; Florida, Village Community Development District No. 14, Special Assessment Revenue, <br> 5.5%, 5/1/2053 <br>| 6250000 | &nbsp;&nbsp; 6378884 |
| &nbsp;&nbsp;&nbsp; Florida, Village Community Development District No. 15, Special Assessment Revenue, <br> 144A, 5.25%, 5/1/2054 <br>| 2105000 | &nbsp;&nbsp; 2121187 |
| &nbsp;&nbsp;&nbsp; Hillsborough County, FL, Industrial Development Authority Revenue, BayCare <br> Obligated Group, Series C, 5.5%, 11/15/2054 <br>| 6000000 | &nbsp;&nbsp; 6475007 |
| &nbsp;&nbsp;&nbsp; Jacksonville, FL, Educational Facilities Revenue, Jacksonville University Project, <br> Series B, 144A, 5.0%, 6/1/2053 <br>| 3250000 | &nbsp;&nbsp; 2845663 |
| Lee County, FL, Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 10/1/2045  | 1430000 | &nbsp;&nbsp; 1570077 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 10/1/2046  | 1220000 | &nbsp;&nbsp; 1322666 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 10/1/2047  | 2500000 | &nbsp;&nbsp; 2680882 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County, FL, Educational Facilities Authority Revenue, University of <br> Miami, Series A, 5.25%, 4/1/2047 <br>| 6250000 | &nbsp;&nbsp; 6754479 |
| Miami-Dade County, FL, Seaport Revenue, Series B1, AMT, 4.0%, 10/1/2046  | 6430000 | &nbsp;&nbsp; 6020708 |
| &nbsp;&nbsp;&nbsp; Orange County, FL, State Health Facilities Authority Revenue, Orlando Health <br> Obligated Group, Series 2025-A, 5.25%, 10/1/2056 <br>| 5335000 | &nbsp;&nbsp; 5597705 |

---

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---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Palm Beach County, FL, Health Facilities Authority Revenue, Lifespace Communities, <br> Inc. Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, 7.5%, 5/15/2053  | 685000 | &nbsp;&nbsp; 761260 |
| &nbsp;&nbsp;&nbsp; Series C, 7.625%, 5/15/2058  | 905000 | &nbsp;&nbsp; 1007930 |
| Tampa, FL, The University of Tampa Project, Series A, 4.0%, 4/1/2050  | 13380000 | &nbsp;&nbsp; 12049877 |
|  |  | &nbsp;&nbsp; **124871509** |
| **Georgia 2.6%** | **Georgia 2.6%** |  |
| &nbsp;&nbsp;&nbsp; Cobb County, GA, Kennestone Hospital Authority, Revenue Anticipation Certificates, <br> Wellstar Health System, Inc. Project, Series A, 4.0%, 4/1/2052 <br>| 3825000 | &nbsp;&nbsp; 3377796 |
| &nbsp;&nbsp;&nbsp; Columbia County, GA, Hospital Authority Revenue, WellStar Health System Obligated <br> Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.125%, 4/1/2048  | 1875000 | &nbsp;&nbsp; 1967300 |
| &nbsp;&nbsp;&nbsp; Series A, 5.75%, 4/1/2053  | 2000000 | &nbsp;&nbsp; 2185170 |
| &nbsp;&nbsp;&nbsp; Fulton County, GA, Development Authority Hospital Revenue, Revenue Anticipation <br> Certificates, Wellstar Health System, Series A, 5.0%, 4/1/2042 <br>| 3155000 | &nbsp;&nbsp; 3195505 |
| &nbsp;&nbsp;&nbsp; George L Smith II, GA, Congress Center Authority, Convention Center Hotel First Tier, <br> Series A, 4.0%, 1/1/2054 <br>| 815000 | &nbsp;&nbsp; 704977 |
| Georgia, Main Street Natural Gas, Inc., Gas Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.0% (a), 7/1/2052, GTY: Royal Bank of Canada  | 10920000 | &nbsp;&nbsp; 11139530 |
| &nbsp;&nbsp;&nbsp; Series C, 5.0% (a), 9/1/2053, GTY: Royal Bank of Canada  | 5765000 | &nbsp;&nbsp; 6226366 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 9/15/2027, GTY: Merrill Lynch & Co.  | 5000000 | &nbsp;&nbsp; 5190872 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 9/15/2028, GTY: Merrill Lynch & Co.  | 5000000 | &nbsp;&nbsp; 5311166 |
| &nbsp;&nbsp;&nbsp; Georgia, The Atlanta Development Authority Revenue, Capital Appreciation Convertible <br> Economic Development Certificates, "A", Series 1, 144A, 0%–6.5%, 12/15/2048 (d)<br>| 3250000 | &nbsp;&nbsp; 2962455 |
| &nbsp;&nbsp;&nbsp; Monroe County, GA, Development Authority, Pollution Control Revenue, Georgia Power <br> Co. Plant Scherer Project, Series 2, 3.875% (a), 10/1/2048 <br>| 1250000 | &nbsp;&nbsp; 1250167 |
|  |  | &nbsp;&nbsp; **43511304** |
| **Hawaii 0.1%** | **Hawaii 0.1%** |  |
| Hawaii, State Airports Systems Revenue, Series A, AMT, 5.5%, 7/1/2054  | 2000000 | &nbsp;&nbsp; **2143823** |
| **Idaho 0.3%** | **Idaho 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Idaho, State Health Facilities Authority Revenue, St Luke's Health System Ltd. <br> Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, 1.95% (b), 3/2/2026, LOC: U.S. Bank NA  | 620000 | &nbsp;&nbsp; 620000 |
| &nbsp;&nbsp;&nbsp; Series 2025-A, 5.25%, 3/1/2050  | 4855000 | &nbsp;&nbsp; 5175218 |
|  |  | &nbsp;&nbsp; **5795218** |
| **Illinois 6.3%** | **Illinois 6.3%** |  |
| Chicago, IL, General Obligation, Series A, 6.0%, 1/1/2050  | 2160000 | &nbsp;&nbsp; 2274299 |
| Chicago, IL, O'Hare International Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.25%, 1/1/2044  | 2620000 | &nbsp;&nbsp; 2831222 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.5%, 1/1/2053  | 9340000 | &nbsp;&nbsp; 9823139 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.5%, 1/1/2053, INS: AG  | 6395000 | &nbsp;&nbsp; 6629667 |
| Chicago, IL, Transit Authority, Sales Tax Receipts Revenue, Second Lien: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.0%, 12/1/2050  | 3730000 | &nbsp;&nbsp; 3306883 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2041  | 450000 | &nbsp;&nbsp; 507586 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2042  | 750000 | &nbsp;&nbsp; 838958 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2043  | 700000 | &nbsp;&nbsp; 773324 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2044  | 1000000 | &nbsp;&nbsp; 1092518 |
| &nbsp;&nbsp;&nbsp; Illinois, Development Finance Authority, St. Ignatius College Project, 1.88% (b), <br> 3/6/2026, LOC: PNC Bank NA <br>| 800000 | &nbsp;&nbsp; 800000 |
| Illinois, Housing Development Authority Revenue, Series N, 6.25%, 4/1/2054  | 5980000 | &nbsp;&nbsp; 6574509 |
| &nbsp;&nbsp;&nbsp; Illinois, Metropolitan Pier & Exposition Authority, Dedicated State Tax Revenue, Capital <br> Appreciation-McCormick, Series A, Zero Coupon, 6/15/2038, INS: NATL <br>| 12000000 | &nbsp;&nbsp; 7718593 |
| Illinois, O'Hare International Airport Revenue, Series E, AMT, 5.5%, 1/1/2055  | 10625000 | &nbsp;&nbsp; 11210644 |
| Illinois, Regional Transportation Authority, Series B, 5.75%, 6/1/2033, INS: NATL  | 7000000 | &nbsp;&nbsp; 7924921 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Illinois, State Development Finance Authority, YMCA Metropolitan Chicago Project, <br> 2.05% (b), 3/6/2026, LOC: BMO Harris Bank NA <br>| 500000 | &nbsp;&nbsp; 500000 |
| Illinois, State Finance Authority Revenue, Edward Elmhurst Obligated Group: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Prerefunded, 5.0%, 1/1/2036  | 2970000 | &nbsp;&nbsp; 3039259 |
| &nbsp;&nbsp;&nbsp; Series A, Prerefunded, 5.0%, 1/1/2037  | 3965000 | &nbsp;&nbsp; 4057462 |
| &nbsp;&nbsp;&nbsp; Illinois, State Finance Authority Revenue, Friendship Village of Schaumburg, 5.125%, <br> 2/15/2045 \* (e)<br>| 8761728 | &nbsp;&nbsp; 262852 |
| Illinois, State General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 11/1/2034  | 3500000 | &nbsp;&nbsp; 3548247 |
| &nbsp;&nbsp;&nbsp; 5.0%, 1/1/2035  | 6875000 | &nbsp;&nbsp; 6885873 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2042  | 5955000 | &nbsp;&nbsp; 6047594 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/1/2046  | 6000000 | &nbsp;&nbsp; 6267823 |
| &nbsp;&nbsp;&nbsp; 5.5%, 5/1/2039  | 7665000 | &nbsp;&nbsp; 8294254 |
| &nbsp;&nbsp;&nbsp; 5.75%, 5/1/2045  | 4205000 | &nbsp;&nbsp; 4466906 |
|  |  | &nbsp;&nbsp; **105676533** |
| **Indiana 0.8%** | **Indiana 0.8%** |  |
| Indiana, State Finance Authority, CWA Authority, Inc. Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2042  | 1000000 | &nbsp;&nbsp; 1118964 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2043  | 1000000 | &nbsp;&nbsp; 1107221 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2044  | 1000000 | &nbsp;&nbsp; 1094844 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2045  | 1000000 | &nbsp;&nbsp; 1083550 |
| Indianapolis, IN, Local Public Improvement Bond Bank, Airport Authority Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.25%, 1/1/2048  | 4100000 | &nbsp;&nbsp; 4301704 |
| &nbsp;&nbsp;&nbsp; Series E, 6.0%, 3/1/2053  | 3570000 | &nbsp;&nbsp; 3741752 |
| &nbsp;&nbsp;&nbsp; Series E, 6.125%, 3/1/2057  | 1780000 | &nbsp;&nbsp; 1875493 |
|  |  | &nbsp;&nbsp; **14323528** |
| **Iowa 1.8%** | **Iowa 1.8%** |  |
| &nbsp;&nbsp;&nbsp; Iowa, PEFA, Inc., Gas Project Revenue, 5.0% (a), 9/1/2049, GTY: Goldman Sachs <br> Group, Inc. <br>| 10000000 | &nbsp;&nbsp; 10116360 |
| Iowa, State Finance Authority Revenue, Lifespace Communities, Inc. Obligated Group: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.125%, 5/15/2059  | 5250000 | &nbsp;&nbsp; 5004071 |
| &nbsp;&nbsp;&nbsp; Series 2024-B, 7.25%, 5/15/2035  | 3120000 | &nbsp;&nbsp; 3234471 |
| &nbsp;&nbsp;&nbsp; Series B, 7.5%, 5/15/2053  | 910000 | &nbsp;&nbsp; 1011308 |
| &nbsp;&nbsp;&nbsp; Iowa, State Higher Education Loan Authority Revenue, Des Moines University Project, <br> 4.0%, 10/1/2050 <br>| 12905000 | &nbsp;&nbsp; 10855482 |
|  |  | &nbsp;&nbsp; **30221692** |
| **Kentucky 0.1%** | **Kentucky 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Louisville & Jefferson County, KY, Metro Government Hospital Revenue, UOFL Health <br> Project, Series A, 5.0%, 5/15/2052 <br>| 2385000 | &nbsp;&nbsp; **2332989** |
| **Louisiana 1.3%** | **Louisiana 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Louisiana, Public Facilities Authority Revenue, CHRISTUS Health Obligated Group, <br> 2.17% (b), 3/6/2026, LOC: TD Bank NA <br>| 1545000 | &nbsp;&nbsp; 1545000 |
| Louisiana, Public Facilities Authority Revenue, Ochsner Clinic Foundation Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-A, 5.5%, 5/15/2050  | 5000000 | &nbsp;&nbsp; 5410931 |
| &nbsp;&nbsp;&nbsp; Series 2025-A, 5.5%, 5/15/2055  | 10000000 | &nbsp;&nbsp; 10683142 |
| &nbsp;&nbsp;&nbsp; Louisiana, State Public Facilities Authority Revenue, Calcasieu Bridge Partners LLC, <br> AMT, 5.75%, 9/1/2064 <br>| 4000000 | &nbsp;&nbsp; 4166139 |
|  |  | &nbsp;&nbsp; **21805212** |
| **Maryland 1.3%** | **Maryland 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Maryland, State Community Development Administration, Department of Housing & <br> Community Development, Series C, 3.5%, 3/1/2050 <br>| 1225000 | &nbsp;&nbsp; 1228158 |
| &nbsp;&nbsp;&nbsp; Maryland, State Economic Development Corp., Student Housing Revenue, Morgan State <br> University Project, Series A, 5.75%, 7/1/2053 <br>| 1925000 | &nbsp;&nbsp; 2020292 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Maryland, State Health & Higher Educational Facilities Authority Revenue, Johns <br> Hopkins Health System Corp., Series D, 1.81% (b), 3/6/2026 <br>| 2500000 | &nbsp;&nbsp; 2500000 |
| &nbsp;&nbsp;&nbsp; Maryland, State Health & Higher Educational Facilities Authority Revenue, University <br> of Maryland Medical System Obligated Group, Series 2025-A, 5.25%, 7/1/2052 <br>| 12145000 | &nbsp;&nbsp; 12800217 |
| &nbsp;&nbsp;&nbsp; Maryland, State Health & Higher Educational Facilities Authority Revenue, UPMC <br> Obligated Group, Series B, 4.0%, 4/15/2045 <br>| 3510000 | &nbsp;&nbsp; 3247021 |
|  |  | &nbsp;&nbsp; **21795688** |
| **Massachusetts 0.3%** | **Massachusetts 0.3%** |  |
| Massachusetts, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series G, 5.0%, 12/1/2044  | 1800000 | &nbsp;&nbsp; 2013463 |
| &nbsp;&nbsp;&nbsp; Series G, 5.0%, 12/1/2045  | 500000 | &nbsp;&nbsp; 552453 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Children's Hospital Corp. <br> Obligated Group, Series U-1, 1.9% (b), 3/2/2026, LOC: TD Bank NA <br>| 200000 | &nbsp;&nbsp; 200000 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Springfield College, <br> Series A, 4.0%, 6/1/2056 <br>| 1235000 | &nbsp;&nbsp; 935239 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Health & Educational Facilities Authority Revenue, Mass General <br> Brigham, Inc., Series F-3, 1.25% (b), 3/6/2026, LOC: TD Bank NA <br>| 560000 | &nbsp;&nbsp; 560000 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Water Resources Authority, Series A1, 1.87% (b), 3/6/2026, <br> SPA: JPMorgan Chase Bank NA <br>| 100000 | &nbsp;&nbsp; 100000 |
|  |  | &nbsp;&nbsp; **4361155** |
| **Missouri 1.1%** | **Missouri 1.1%** |  |
| &nbsp;&nbsp;&nbsp; Missouri, State Health & Educational Facilities Authority Revenue, Mercy Health, <br> Series C, 4.0%, 11/15/2049 <br>| 7000000 | &nbsp;&nbsp; 6240999 |
| &nbsp;&nbsp;&nbsp; Missouri, State Housing Development Commission, Single Family Mortgage Revenue, <br> First Homeownership Loan Program:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 5/1/2050  | 1530000 | &nbsp;&nbsp; 1549506 |
| &nbsp;&nbsp;&nbsp; Series C, 6.0%, 5/1/2053  | 9065000 | &nbsp;&nbsp; 10147244 |
|  |  | &nbsp;&nbsp; **17937749** |
| **Nevada 0.7%** | **Nevada 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Nevada, Department of Business & Industry Revenue, Brightline West Passenger Rail <br> Project, Series B, 144A, AMT, 12.0% (a), 1/1/2065 <br>| 6015000 | &nbsp;&nbsp; 3248100 |
| Nevada, Reno-Tahoe Airport Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 7/1/2049  | 2000000 | &nbsp;&nbsp; 2087746 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 7/1/2054  | 1600000 | &nbsp;&nbsp; 1652752 |
| &nbsp;&nbsp;&nbsp; Reno, NV, Sales Tax Revenue, Transportation Rail Access, Series C, 144A, Zero <br> Coupon, 7/1/2058 <br>| 29000000 | &nbsp;&nbsp; 4626480 |
|  |  | &nbsp;&nbsp; **11615078** |
| **New Jersey 3.4%** | **New Jersey 3.4%** |  |
| &nbsp;&nbsp;&nbsp; New Jersey, State Covid-19 General Obligation Emergency Bonds, Series A, 4.0%, <br> 6/1/2031 <br>| 1245000 | &nbsp;&nbsp; 1357003 |
| New Jersey, State Economic Development Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series SSS, 5.25%, 6/15/2038  | 1600000 | &nbsp;&nbsp; 1873541 |
| &nbsp;&nbsp;&nbsp; Series BBB, Prerefunded, 5.5%, 6/15/2030  | 16440000 | &nbsp;&nbsp; 16885720 |
| New Jersey, State Higher Education Assistance Authority, Student Loan Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 4.25%, 12/1/2045  | 4835000 | &nbsp;&nbsp; 4997026 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.0%, 12/1/2053  | 2520000 | &nbsp;&nbsp; 2460083 |
| &nbsp;&nbsp;&nbsp; New Jersey, State Housing & Mortgage Finance Agency, Single Family Housing <br> Revenue, Series I, 5.0%, 10/1/2053 <br>| 2015000 | &nbsp;&nbsp; 2106438 |
| &nbsp;&nbsp;&nbsp; New Jersey, State Transportation Trust Fund Authority Revenue, Transportation <br> Systems, Series AA, 5.25%, 6/15/2050 <br>| 3500000 | &nbsp;&nbsp; 3736325 |
| &nbsp;&nbsp;&nbsp; New Jersey, State Transportation Trust Fund Authority, Transportation Program, <br> Series CC, Prerefunded, 5.5%, 6/15/2050 <br>| 4500000 | &nbsp;&nbsp; 5439540 |

---

------

---

| | | |
|:---|:---|:---|
| New Jersey, State Transportation Trust Fund Authority, Transportation Systems: |  |  |
| &nbsp;&nbsp;&nbsp; Series AA, 4.0%, 6/15/2050  | 5820000 | &nbsp;&nbsp; 5422757 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/15/2034  | 5320000 | &nbsp;&nbsp; 5668648 |
| &nbsp;&nbsp;&nbsp; Series BB, 5.25%, 6/15/2050  | 6855000 | &nbsp;&nbsp; 7275613 |
|  |  | &nbsp;&nbsp; **57222694** |
| **New Mexico 0.9%** | **New Mexico 0.9%** |  |
| &nbsp;&nbsp;&nbsp; New Mexico, State Finance Authority Revenue, Public Project Revolving Fund, <br> Series A, 4.0%, 6/1/2030 <br>| 5795000 | &nbsp;&nbsp; 6018326 |
| New Mexico, State Mortgage Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 3.5%, 1/1/2051  | 1800000 | &nbsp;&nbsp; 1806449 |
| &nbsp;&nbsp;&nbsp; "I", Series D, 6.5%, 9/1/2054  | 5550000 | &nbsp;&nbsp; 6187536 |
| &nbsp;&nbsp;&nbsp; New Mexico, State Mortgage Finance Authority, Single Family Mortgage Revenue, "I", <br> Series D, 3.75%, 1/1/2050 <br>| 1565000 | &nbsp;&nbsp; 1575827 |
|  |  | &nbsp;&nbsp; **15588138** |
| **New York 12.6%** | **New York 12.6%** |  |
| &nbsp;&nbsp;&nbsp; New York, Genesee County Funding Corp., Rochester Regional Health Obligation, <br> Series A, 5.25%, 12/1/2052 <br>| 2000000 | &nbsp;&nbsp; 2023678 |
| New York, Metropolitan Transportation Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series G-1G, 1.87% (b), 3/6/2026, LOC: TD Bank NA  | 260000 | &nbsp;&nbsp; 260000 |
| &nbsp;&nbsp;&nbsp; Series 2025-A, 5.25%, 11/15/2045  | 3000000 | &nbsp;&nbsp; 3262781 |
| New York, State Dormitory Authority, Personal Income Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Prerefunded, 5.0%, 2/15/2039  | 10000 | &nbsp;&nbsp; 10264 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 3/15/2041  | 8000000 | &nbsp;&nbsp; 9146674 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 3/15/2044  | 2000000 | &nbsp;&nbsp; 2220971 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 3/15/2045  | 1000000 | &nbsp;&nbsp; 1093801 |
| New York, State Dormitory Authority, Sales Tax Revenue, Series A, 5.0%, 3/15/2036  | 5000000 | &nbsp;&nbsp; 5258113 |
| &nbsp;&nbsp;&nbsp; New York, State Housing Finance Agency Revenue, Liberty Street Realty LLC, <br> Series A, 2.14% (b), 3/6/2026, LIQ: Freddie Mac, LOC: Freddie Mac <br>| 200000 | &nbsp;&nbsp; 200000 |
| New York, State Liberty Development Corp. Revenue, Series A, 3.0%, 11/15/2051  | 3500000 | &nbsp;&nbsp; 2589042 |
| &nbsp;&nbsp;&nbsp; New York, State Transportation Development Corp. Revenue, JFK Millennium <br> Partners LLC, Series A, AMT, 5.5%, 12/31/2060 <br>| 8745000 | &nbsp;&nbsp; 8971411 |
| &nbsp;&nbsp;&nbsp; New York, State Transportation Development Corp., Special Facilities Revenue, Delta <br> Air Lines, Inc., LaGuardia Airport C&D Redevelopment:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 1/1/2031  | 2050000 | &nbsp;&nbsp; 2123409 |
| &nbsp;&nbsp;&nbsp; AMT, 5.0%, 10/1/2035  | 3705000 | &nbsp;&nbsp; 3932607 |
| &nbsp;&nbsp;&nbsp; AMT, 5.625%, 4/1/2040  | 5160000 | &nbsp;&nbsp; 5525203 |
| &nbsp;&nbsp;&nbsp; New York, State Transportation Development Corp., Special Facilities Revenue, John F. <br> Kennedy International Airport Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; AMT, 3.0%, 8/1/2031, GTY: American Airlines Group, Inc.  | 1000000 | &nbsp;&nbsp; 964766 |
| &nbsp;&nbsp;&nbsp; AMT, 5.375%, 6/30/2060  | 12495000 | &nbsp;&nbsp; 12548227 |
| &nbsp;&nbsp;&nbsp; AMT, 6.0%, 6/30/2054  | 1400000 | &nbsp;&nbsp; 1469673 |
| &nbsp;&nbsp;&nbsp; AMT, 6.0%, 6/30/2059  | 4615000 | &nbsp;&nbsp; 4925679 |
| &nbsp;&nbsp;&nbsp; New York, State Transportation Development Corp., Special Facilities Revenue, <br> Terminal 4 John F. Kennedy, International Project, AMT, 5.0%, 12/1/2041 <br>| 3210000 | &nbsp;&nbsp; 3420724 |
| &nbsp;&nbsp;&nbsp; New York, Triborough Bridge & Tunnel Authority Revenue, Series B4A, 1.9% (b), <br> 3/2/2026, LOC: TD Bank NA <br>| 100000 | &nbsp;&nbsp; 100000 |
| New York, Triborough Bridge & Tunnel Authority Revenue, MTA Bridges & Tunnels: |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 3.0%, 11/15/2046  | 5000000 | &nbsp;&nbsp; 3976314 |
| &nbsp;&nbsp;&nbsp; Series A, 4.0%, 11/15/2054  | 5000000 | &nbsp;&nbsp; 4541173 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 11/15/2034  | 1000000 | &nbsp;&nbsp; 1167710 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 11/15/2035  | 1250000 | &nbsp;&nbsp; 1449859 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 11/15/2036  | 1250000 | &nbsp;&nbsp; 1435191 |
| New York City, NY, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-4, 1.9% (b), 3/2/2026, SPA: State Street B&T Co.  | 5900000 | &nbsp;&nbsp; 5900000 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.25%, 2/1/2048  | 20000000 | &nbsp;&nbsp; 21495528 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; New York City, NY, Health & Hospitals Corp. Revenue, Series B, 1.82% (b), 3/6/2026, <br> LOC: TD Bank NA <br>| 340000 | &nbsp;&nbsp; 340000 |
| &nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority Revenue, Series CC, 1.9% (b), <br> 3/2/2026, SPA: TD Bank NA <br>| 100000 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority, Water & Sewer System <br> Revenue, Series AA-6, 1.85% (b), 3/2/2026, SPA: Mizuho Bank Ltd. <br>| 100000 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority, Water & Sewer Systems <br> Revenue:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series BB, 1.86% (b), 3/6/2026, SPA: TD Bank NA  | 1600000 | &nbsp;&nbsp; 1600000 |
| &nbsp;&nbsp;&nbsp; Series AA-1, 5.25%, 6/15/2052  | 7500000 | &nbsp;&nbsp; 7922650 |
| New York City, NY, Transitional Finance Authority Revenue, Future Tax Secured: |  |  |
| &nbsp;&nbsp;&nbsp; Series F-1, 5.0%, 2/1/2042  | 9410000 | &nbsp;&nbsp; 10299945 |
| &nbsp;&nbsp;&nbsp; Series F-1, 5.0%, 2/1/2044  | 5000000 | &nbsp;&nbsp; 5378050 |
| &nbsp;&nbsp;&nbsp; Series D-1, 5.25%, 11/1/2040  | 5000000 | &nbsp;&nbsp; 5653121 |
| &nbsp;&nbsp;&nbsp; Series D-1, 5.5%, 11/1/2045  | 15000000 | &nbsp;&nbsp; 16446246 |
| &nbsp;&nbsp;&nbsp; New York City, NY, Transitional Finance Authority, Building Aid Revenue, Fiscal 2018, <br> Series S1, 5.0%, 7/15/2035 <br>| 2800000 | &nbsp;&nbsp; 2897851 |
| New York, NY, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series E1, 5.0%, 4/1/2040  | 11250000 | &nbsp;&nbsp; 12538186 |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.25%, 10/1/2047  | 3000000 | &nbsp;&nbsp; 3178336 |
| Port Authority of New York & New Jersey: |  |  |
| &nbsp;&nbsp;&nbsp; Series 207, AMT, 5.0%, 9/15/2032  | 6500000 | &nbsp;&nbsp; 6788788 |
| &nbsp;&nbsp;&nbsp; Series 242, AMT, 5.0%, 12/1/2032  | 5000000 | &nbsp;&nbsp; 5713565 |
| Triborough, NY, Bridge & Tunnel Authority Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 5/15/2052  | 8000000 | &nbsp;&nbsp; 8465644 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 5/15/2057  | 12000000 | &nbsp;&nbsp; 12670914 |
|  |  | &nbsp;&nbsp; **210106094** |
| **North Carolina 0.4%** | **North Carolina 0.4%** |  |
| &nbsp;&nbsp;&nbsp; North Carolina, Greater Asheville Regional Airport Authority Revenue, AMT, 5.25%, <br> 7/1/2043, INS: AG <br>| 1165000 | &nbsp;&nbsp; 1255157 |
| &nbsp;&nbsp;&nbsp; North Carolina, State Education Assistance Authority Revenue, Series A, AMT, 5.0%, <br> 6/1/2043 <br>| 1860000 | &nbsp;&nbsp; 1968575 |
| North Carolina, State Housing Finance Agency, Series 52-A, 6.25%, 1/1/2055  | 2705000 | &nbsp;&nbsp; 2964504 |
|  |  | &nbsp;&nbsp; **6188236** |
| **Ohio 2.1%** | **Ohio 2.1%** |  |
| Buckeye, OH, Tobacco Settlement Financing Authority, "2", Series B-2, 5.0%, 6/1/2055  | 6000000 | &nbsp;&nbsp; 4962138 |
| &nbsp;&nbsp;&nbsp; Columbus, OH, State Regional Airport Authority Revenue, Series A, AMT, 5.5%, <br> 1/1/2050 <br>| 17740000 | &nbsp;&nbsp; 18919057 |
| Hamilton County, OH, Health Care Revenue, Life Enriching Communities Project: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 1/1/2036  | 975000 | &nbsp;&nbsp; 975908 |
| &nbsp;&nbsp;&nbsp; 5.0%, 1/1/2046  | 2790000 | &nbsp;&nbsp; 2790039 |
| &nbsp;&nbsp;&nbsp; Series A, 5.75%, 1/1/2053  | 2860000 | &nbsp;&nbsp; 2975945 |
| &nbsp;&nbsp;&nbsp; Ohio, State Housing Finance Agency, Residential Mortgage Revenue, Series B, 4.5%, <br> 3/1/2050 <br>| 2020000 | &nbsp;&nbsp; 2048506 |
| &nbsp;&nbsp;&nbsp; Ohio, State Housing Finance Agency, Residential Mortgage Revenue, First Time <br> Homebuyer Program, 3.75%, 9/1/2050 <br>| 1995000 | &nbsp;&nbsp; 2021089 |
|  |  | &nbsp;&nbsp; **34692682** |
| **Oklahoma 0.9%** | **Oklahoma 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma, State Development Finance Authority, Health System Revenue, OU <br> Medicine Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 8/15/2048  | 2670000 | &nbsp;&nbsp; 2672582 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 8/15/2041  | 3020000 | &nbsp;&nbsp; 3157565 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 8/15/2044  | 3205000 | &nbsp;&nbsp; 3276515 |
| &nbsp;&nbsp;&nbsp; Oklahoma, State Municipal Airport Trust Trustees Revenue, American Airlines, Inc., <br> AMT, 6.25%, 12/1/2040 <br>| 1500000 | &nbsp;&nbsp; 1708334 |

---

------

---

| | | |
|:---|:---|:---|
| Oklahoma, State Turnpike Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.5%, 1/1/2053  | 3000000 | &nbsp;&nbsp; 3210903 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 1/1/2054  | 1000000 | &nbsp;&nbsp; 1086964 |
|  |  | &nbsp;&nbsp; **15112863** |
| **Pennsylvania 3.6%** | **Pennsylvania 3.6%** |  |
| &nbsp;&nbsp;&nbsp; Franklin County, PA, Industrial Development Authority Revenue, Menno Haven, Inc. <br> Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2043  | 665000 | &nbsp;&nbsp; 664259 |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2053  | 1780000 | &nbsp;&nbsp; 1590931 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, Bucks County Water and Sewer Authority Revenue, Series A, 5.25%, <br> 12/1/2047, INS: AG <br>| 2175000 | &nbsp;&nbsp; 2321385 |
| Pennsylvania, Certificate of Participations, Series A, 5.0%, 7/1/2043  | 1115000 | &nbsp;&nbsp; 1145317 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, Commonwealth Financing Authority, Tobacco Master Settlement Payment <br> Revenue Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2027  | 1290000 | &nbsp;&nbsp; 1333660 |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2028  | 1290000 | &nbsp;&nbsp; 1366796 |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2029  | 1290000 | &nbsp;&nbsp; 1364165 |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2030  | 855000 | &nbsp;&nbsp; 902782 |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2031  | 865000 | &nbsp;&nbsp; 910851 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, Higher Educational Facilities Authority Revenue, Thomas Jefferson <br> University Obligated Group, Series B-1, 5.25%, 11/1/2048, INS: AG <br>| 7200000 | &nbsp;&nbsp; 7655089 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, State Economic Development Financing Authority Revenue, UPMC <br> Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, 5.0%, 3/15/2044  | 2250000 | &nbsp;&nbsp; 2391629 |
| &nbsp;&nbsp;&nbsp; Series 2025-B, 5.0%, 3/15/2045  | 2000000 | &nbsp;&nbsp; 2109320 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, State Economic Development Financing Authority, The Penndot Major <br> Bridges, AMT, 5.75%, 6/30/2048 <br>| 10000000 | &nbsp;&nbsp; 10584797 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, State Housing Finance Agency, Single Family Mortgage Revenue, <br> Series 136, 3.0%, 10/1/2051 <br>| 3271067 | &nbsp;&nbsp; 3259921 |
| Pennsylvania, State Turnpike Commission Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.0%, 6/1/2042  | 6950000 | &nbsp;&nbsp; 7093152 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 12/1/2052  | 4050000 | &nbsp;&nbsp; 4278163 |
| Southeastern, PA, Transportation Authority Revenue, 5.25%, 6/1/2052  | 10000000 | &nbsp;&nbsp; 10463312 |
|  |  | &nbsp;&nbsp; **59435529** |
| **South Carolina 2.4%** | **South Carolina 2.4%** |  |
| Charleston County, SC, Airport District Revenue, Series A, AMT, 5.25%, 7/1/2049  | 1965000 | &nbsp;&nbsp; 2052593 |
| South Carolina, Public Service Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.0%, 12/1/2055  | 4000000 | &nbsp;&nbsp; 3572307 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 12/1/2044  | 2500000 | &nbsp;&nbsp; 2725940 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 12/1/2047  | 5500000 | &nbsp;&nbsp; 5827104 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 12/1/2048  | 1000000 | &nbsp;&nbsp; 1053956 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 12/1/2054  | 2000000 | &nbsp;&nbsp; 2114026 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 12/1/2054  | 1200000 | &nbsp;&nbsp; 1290849 |
| &nbsp;&nbsp;&nbsp; South Carolina, State Jobs-Economic Development Authority Revenue, Bon Secours <br> Mercy Health, Inc., Series A, 5.25%, 11/1/2044 <br>| 3000000 | &nbsp;&nbsp; 3318369 |
| &nbsp;&nbsp;&nbsp; South Carolina, State Jobs-Economic Development Authority Revenue, Novant Health <br> Obligated Group, Series A, 5.5%, 11/1/2054 <br>| 2500000 | &nbsp;&nbsp; 2657282 |
| South Carolina, State Public Service Authority Revenue, Series B, 4.0%, 12/1/2047  | 7270000 | &nbsp;&nbsp; 6849798 |
| &nbsp;&nbsp;&nbsp; South Carolina, State Transportation Infrastructure Bank Revenue, Series A, 5.0%, <br> 10/1/2038 <br>| 8000000 | &nbsp;&nbsp; 8252321 |
|  |  | &nbsp;&nbsp; **39714545** |

---

------

---

| | | |
|:---|:---|:---|
| **Tennessee 1.6%** | **Tennessee 1.6%** |  |
| Metropolitan Nashville, TN, Airport Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 4.0%, 7/1/2049  | 4000000 | &nbsp;&nbsp; 3621997 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 4.0%, 7/1/2054  | 8045000 | &nbsp;&nbsp; 7093352 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.25%, 7/1/2051  | 4800000 | &nbsp;&nbsp; 5040246 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.5%, 7/1/2052  | 3250000 | &nbsp;&nbsp; 3419891 |
| &nbsp;&nbsp;&nbsp; Nashville & Davidson County, TN, Metropolitan Government Health & Education <br> Facilities Board Revenue, Blakeford At Green Hills Corp., Series A, 4.0%, 11/1/2045 <br>| 1395000 | &nbsp;&nbsp; 1246523 |
| &nbsp;&nbsp;&nbsp; Shelby County, TN, Health & Educational Facilities Board Revenue, Madrone Memphis <br> Student Housing I LLC, Series A1, 144A, 5.25%, 6/1/2056 <br>| 1135000 | &nbsp;&nbsp; 1102993 |
| &nbsp;&nbsp;&nbsp; Tennessee, State Energy Acquisition Corporation Revenue, Series A, 5.0% (a), 5/1/2052, <br> GTY: Goldman Sachs Group, Inc. <br>| 5050000 | &nbsp;&nbsp; 5506499 |
|  |  | &nbsp;&nbsp; **27031501** |
| **Texas 17.8%** | **Texas 17.8%** |  |
| Austin, TX, Independent School District, General Obligation, 5.25%, 8/1/2049  | 12500000 | &nbsp;&nbsp; 13459517 |
| City of Corpus Christi, TX, Utility System Revenue, 5.0%, 7/15/2049  | 3335000 | &nbsp;&nbsp; 3476491 |
| Clifton, TX, Higher Education Finance Corp., Education Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 2/15/2045  | 750000 | &nbsp;&nbsp; 806804 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 2/15/2049  | 2250000 | &nbsp;&nbsp; 2365142 |
| &nbsp;&nbsp;&nbsp; Harris County, TX, Industrial Development Corp. Revenue, Energy Transfer LP, 4.05% <br> (a), 11/1/2050 <br>| 5100000 | &nbsp;&nbsp; 5309516 |
| Harris County, TX, Toll Road Revenue, Series A, 5.25%, 8/15/2054  | 10000000 | &nbsp;&nbsp; 10675735 |
| &nbsp;&nbsp;&nbsp; Houston, TX, Hotel Occupancy Tax & Special Revenue, Convention & Entertainment <br> Facilities Department:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2029  | 1000000 | &nbsp;&nbsp; 1065446 |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2030  | 1000000 | &nbsp;&nbsp; 1063500 |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2031  | 850000 | &nbsp;&nbsp; 902227 |
| &nbsp;&nbsp;&nbsp; Newark, TX, Higher Education Finance Corp., Texas Revenue, Abilene Christian <br> University Project, Series A, 4.0%, 4/1/2057 <br>| 15000000 | &nbsp;&nbsp; 12607191 |
| Prosper, TX, Independent School District, General Obligation, 5.25%, 2/15/2055  | 3750000 | &nbsp;&nbsp; 4036862 |
| &nbsp;&nbsp;&nbsp; San Antonio, TX, Education Facilities Corp. Revenue, University of the Incarnate Word <br> Project, Series A, 4.0%, 4/1/2051 <br>| 5500000 | &nbsp;&nbsp; 4513906 |
| &nbsp;&nbsp;&nbsp; San Antonio, TX, Education Facilities Corp., Higher Education Revenue, Hallmark <br> University Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2041  | 890000 | &nbsp;&nbsp; 847670 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2051  | 1580000 | &nbsp;&nbsp; 1356706 |
| San Antonio, TX, Electric & Gas Systems Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 2/1/2049  | 3000000 | &nbsp;&nbsp; 3234376 |
| &nbsp;&nbsp;&nbsp; Series D, 5.25%, 2/1/2049  | 7215000 | &nbsp;&nbsp; 7806455 |
| San Antonio, TX, Independent School District Revenue, 5.0%, 8/15/2047  | 10000000 | &nbsp;&nbsp; 10494684 |
| &nbsp;&nbsp;&nbsp; Tarrant County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, <br> Baylor Scott & White Health Obligated Group, 1.55% (b), 3/2/2026, SPA: JPMorgan <br> Chase Bank NA <br>| 5000000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp; Tarrant County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, <br> Baylor Scott & White Healthcare, Series D, 5.5%, 11/15/2047 <br>| 8550000 | &nbsp;&nbsp; 9165218 |
| &nbsp;&nbsp;&nbsp; Texas, Canutillo Independent School District, General Obligation, Series A, 5.25%, <br> 2/15/2054 <br>| 8290000 | &nbsp;&nbsp; 8812967 |
| Texas, Cypress-Fairbanks Independent School District, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2040  | 1000000 | &nbsp;&nbsp; 1209140 |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2041  | 1000000 | &nbsp;&nbsp; 1202819 |
| &nbsp;&nbsp;&nbsp; Texas, Dallas Independent School District, General Obligation, Series A, 5.0%, <br> 2/15/2043 <br>| 15000000 | &nbsp;&nbsp; 16814595 |
| Texas, Fort Worth International Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/1/2045  | 7000000 | &nbsp;&nbsp; 7556728 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/1/2046  | 9000000 | &nbsp;&nbsp; 9618020 |

---

------

---

| | | |
|:---|:---|:---|
| Texas, Lamar Consolidated Independent School District: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2041  | 10930000 | &nbsp;&nbsp; 12024270 |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2042  | 13180000 | &nbsp;&nbsp; 14412392 |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2043  | 11340000 | &nbsp;&nbsp; 12328183 |
| &nbsp;&nbsp;&nbsp; 5.25%, 2/15/2059  | 10000000 | &nbsp;&nbsp; 10537177 |
| Texas, Lubbock Independent School District, General Obligation, 5.25%, 2/15/2055  | 7500000 | &nbsp;&nbsp; 8014195 |
| &nbsp;&nbsp;&nbsp; Texas, New Hope Cultural Education Facilities Finance Corp. Revenue, Bridgemoor <br> Plano Project, Series A-1, 7.25%, 12/31/2030 \* (e)<br>| 3005000 | &nbsp;&nbsp; 3005000 |
| &nbsp;&nbsp;&nbsp; Texas, New Hope Cultural Education Facilities Finance Corp., Educational Revenue, <br> Cumberland Academy Project, Series A, 144A, 5.0%, 8/15/2050 <br>| 2250000 | &nbsp;&nbsp; 1957624 |
| Texas, Northwest Independent School District, General Obligation, 5.25%, 2/15/2055  | 4750000 | &nbsp;&nbsp; 5082939 |
| &nbsp;&nbsp;&nbsp; Texas, Private Activity Bond, Surface Transportation Corp. Revenue, North Tarrant <br> Express, AMT, 5.5%, 12/31/2058 <br>| 6250000 | &nbsp;&nbsp; 6490709 |
| &nbsp;&nbsp;&nbsp; Texas, Private Activity Bond, Surface Transportation Corp. Revenue, Senior Lien, North <br> Mobility Partners Segments 3 LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.5%, 6/30/2041  | 2000000 | &nbsp;&nbsp; 2126032 |
| &nbsp;&nbsp;&nbsp; AMT, 5.5%, 6/30/2042  | 1700000 | &nbsp;&nbsp; 1801758 |
| &nbsp;&nbsp;&nbsp; AMT, 5.5%, 6/30/2043  | 2290000 | &nbsp;&nbsp; 2419179 |
| Texas, San Angelo Independent School District, General Obligation, 5.25%, 2/15/2055  | 10000000 | &nbsp;&nbsp; 10685593 |
| Texas, State Department of Housing & Community Affairs, Series C, 6.0%, 3/1/2054  | 7475000 | &nbsp;&nbsp; 8351308 |
| Texas, State General Obligation, 2.05% (b), 3/6/2026, SPA: JPMorgan Chase Bank NA  | 9920000 | &nbsp;&nbsp; 9920000 |
| &nbsp;&nbsp;&nbsp; Texas, State Municipal Gas Acquisition & Supply Corp. I, Gas Supply Revenue, <br> Series D, 6.25%, 12/15/2026, GTY: Merrill Lynch & Co. <br>| 3105000 | &nbsp;&nbsp; 3196650 |
| Texas, State Transportation Finance Corp. Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2043  | 3500000 | &nbsp;&nbsp; 3902890 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2044  | 4500000 | &nbsp;&nbsp; 4970833 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2045  | 4500000 | &nbsp;&nbsp; 4916039 |
| Texas, State Water Development Board Revenue, Revolving Fund: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 10/15/2042  | 7500000 | &nbsp;&nbsp; 8510128 |
| &nbsp;&nbsp;&nbsp; 5.0%, 10/15/2044  | 3000000 | &nbsp;&nbsp; 3338962 |
| &nbsp;&nbsp;&nbsp; Texas, State Water Development Board Revenue, State Water Implementation Revenue <br> Fund:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 10/15/2033  | 5000000 | &nbsp;&nbsp; 5182745 |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 10/15/2036  | 5000000 | &nbsp;&nbsp; 5142757 |
| &nbsp;&nbsp;&nbsp; Texas, Transmission Contract Authority Revenue, LCRA Transmission Services Corp. <br> Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 5/15/2040  | 1000000 | &nbsp;&nbsp; 1108899 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 5/15/2041  | 4450000 | &nbsp;&nbsp; 4907962 |
|  |  | &nbsp;&nbsp; **297735939** |
| **Utah 2.7%** | **Utah 2.7%** |  |
| Salt Lake City, UT, Airport Revenue, Series A, AMT, 4.0%, 7/1/2051  | 10200000 | &nbsp;&nbsp; 9079042 |
| &nbsp;&nbsp;&nbsp; Utah, Black Desert Public Infrastructure District Special Assessment, Public <br> Infrastructure District Black Desert Assessment Area No. 1, 144A, 5.625%, 12/1/2053 <br>| 2000000 | &nbsp;&nbsp; 2026401 |
| &nbsp;&nbsp;&nbsp; Utah, Downtown Revitalization Public Infrastructure District, Sales Tax Revenue, <br> Series A, 5.5%, 6/1/2055, INS: AG <br>| 4000000 | &nbsp;&nbsp; 4333745 |
| Utah, Mida Mountain Village Public Infrastructure District, Tax Allocation: |  |  |
| &nbsp;&nbsp;&nbsp; Series 1, 144A, 5.125%, 6/15/2054  | 1375000 | &nbsp;&nbsp; 1376917 |
| &nbsp;&nbsp;&nbsp; Series 1, 144A, 5.5%, 6/1/2050  | 1350000 | &nbsp;&nbsp; 1372904 |
| &nbsp;&nbsp;&nbsp; Series 1, 144A, 5.5%, 6/1/2055  | 4535000 | &nbsp;&nbsp; 4570074 |
| &nbsp;&nbsp;&nbsp; Series 1, 144A, 5.75%, 6/1/2060  | 1850000 | &nbsp;&nbsp; 1890999 |
| &nbsp;&nbsp;&nbsp; Series 2, 144A, 6.0%, 6/15/2054  | 8425000 | &nbsp;&nbsp; 8692976 |
| &nbsp;&nbsp;&nbsp; Utah, Point Phase 1 Public Infrastructure District No. 1 Revenue, Series A-1, 6.125%, <br> 3/1/2055 <br>| 6485000 | &nbsp;&nbsp; 6774818 |
| Utah, State Housing Corp. Revenue, Series A, 6.5%, 1/1/2054  | 2850000 | &nbsp;&nbsp; 3154164 |
| &nbsp;&nbsp;&nbsp; Utah, State Telecommunication Open Infrastructure Agency Sales Tax and <br> Telecommunications Revenue, 5.5%, 6/1/2040 <br>| 1400000 | &nbsp;&nbsp; 1586689 |
|  |  | &nbsp;&nbsp; **44858729** |

---

------

---

| | | |
|:---|:---|:---|
| **Virginia 0.8%** | **Virginia 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Virginia, Peninsula Town Center, Community Development Authority Revenue, Special <br> Obligation, 144A, 5.0%, 9/1/2045 <br>| 3700000 | &nbsp;&nbsp; 3708923 |
| &nbsp;&nbsp;&nbsp; Virginia, Small Business Financing Authority, Elizabeth River Crossings OPCO LLC <br> Project, AMT, 4.0%, 1/1/2039 <br>| 3775000 | &nbsp;&nbsp; 3799257 |
| &nbsp;&nbsp;&nbsp; Virginia, Small Business Financing Authority, Private Activity Revenue, Transform 66 <br> P3 Project, AMT, 5.0%, 12/31/2049 <br>| 3145000 | &nbsp;&nbsp; 3140936 |
| &nbsp;&nbsp;&nbsp; Virginia, State College Building Authority, Educational Facilities Revenue, Regent <br> University Project, 4.0%, 6/1/2046 <br>| 2420000 | &nbsp;&nbsp; 2119047 |
|  |  | &nbsp;&nbsp; **12768163** |
| **Washington 3.8%** | **Washington 3.8%** |  |
| King County, WA, School District No. 412 Shoreline, 5.0%, 12/1/2031  | 4345000 | &nbsp;&nbsp; 4669840 |
| Port of Seattle, WA, Revenue Bonds: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.5%, 8/1/2047  | 1500000 | &nbsp;&nbsp; 1595564 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.5%, 10/1/2050  | 8000000 | &nbsp;&nbsp; 8593775 |
| Washington, State Convention Center Public Facilities District: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 3.0%, 7/1/2048, INS: AG  | 9170000 | &nbsp;&nbsp; 6953545 |
| &nbsp;&nbsp;&nbsp; Series B, 3.0%, 7/1/2058  | 4630000 | &nbsp;&nbsp; 3124803 |
| &nbsp;&nbsp;&nbsp; Washington, State Health Care Facilities Authority Revenue, CommonSpirit Health <br> Obligation Group, Series A, 5.5%, 9/1/2055 <br>| 4000000 | &nbsp;&nbsp; 4269888 |
| &nbsp;&nbsp;&nbsp; Washington, State Health Care Facilities Authority, CommonSpirit Health Obligation <br> Group, Series A2, 5.0%, 8/1/2044 <br>| 17700000 | &nbsp;&nbsp; 18206282 |
| &nbsp;&nbsp;&nbsp; Washington, State Higher Educational Facilities Authority, Gonzaga University Project, <br> Series A, 3.0%, 4/1/2049 <br>| 5000000 | &nbsp;&nbsp; 3800537 |
| &nbsp;&nbsp;&nbsp; Washington, State Higher Educational Facilities Authority, Seattle University Project, <br> 4.0%, 5/1/2050 <br>| 4350000 | &nbsp;&nbsp; 3825818 |
| &nbsp;&nbsp;&nbsp; Washington, State Housing Finance Commission, Non-Profit Housing Revenue, <br> Rockwood Retirement Communities Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 1/1/2051  | 3510000 | &nbsp;&nbsp; 3196349 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 1/1/2055  | 5500000 | &nbsp;&nbsp; 4931963 |
| &nbsp;&nbsp;&nbsp; Washington, State Housing Finance Commission, Panorama Project, 1.88% (b), <br> 3/6/2026, LOC: Wells Fargo Bank NA <br>| 1035000 | &nbsp;&nbsp; 1035000 |
|  |  | &nbsp;&nbsp; **64203364** |
| **West Virginia 2.0%** | **West Virginia 2.0%** |  |
| &nbsp;&nbsp;&nbsp; West Virginia, Marshall University Revenue, Improvement & Refunding Bonds, <br> Series A, 4.0%, 5/1/2050, INS: AG <br>| 9150000 | &nbsp;&nbsp; 8209694 |
| &nbsp;&nbsp;&nbsp; West Virginia, State Hospital Finance Authority, State University Health System <br> Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 6/1/2042  | 10085000 | &nbsp;&nbsp; 10235823 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 6/1/2050  | 7500000 | &nbsp;&nbsp; 8064812 |
| &nbsp;&nbsp;&nbsp; West Virginia, State Parkways Authority, Senior Lien, Trunpike Toll Revenue, 4.0%, <br> 6/1/2051 <br>| 6765000 | &nbsp;&nbsp; 6312508 |
|  |  | &nbsp;&nbsp; **32822837** |
| **Wisconsin 4.6%** | **Wisconsin 4.6%** |  |
| &nbsp;&nbsp;&nbsp; Wisconsin, Public Finance Authority Educational Facility Revenue, Noorba College of <br> Osteopathic Media Project, Series B, 144A, 6.5%, 6/1/2045 <br>| 10000000 | &nbsp;&nbsp; 9190118 |
| Wisconsin, Public Finance Authority Revenue, Million Air Three Obligated Group: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, AMT, 6.25%, 9/1/2046  | 795000 | &nbsp;&nbsp; 825113 |
| &nbsp;&nbsp;&nbsp; Series B, 144A, AMT, 7.0%, 9/1/2054  | 800000 | &nbsp;&nbsp; 849676 |
| &nbsp;&nbsp;&nbsp; Wisconsin, Public Finance Authority Revenue, Renown Regional Medical Center <br> Obligated Group, Series A, 5.5%, 6/1/2055 <br>| 10000000 | &nbsp;&nbsp; 10554144 |
| Wisconsin, Public Finance Authority Revenue, SR 400 Peach Partners LLC: |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, AMT, 5.75%, 12/31/2065  | 8000000 | &nbsp;&nbsp; 8375186 |
| &nbsp;&nbsp;&nbsp; Series 2025, AMT, 6.5%, 6/30/2060  | 3090000 | &nbsp;&nbsp; 3441533 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Wisconsin, Public Finance Authority, Fargo-Moorhead Metropolitan Area Flood Risk <br> Management Project, AMT, 4.0%, 9/30/2051 <br>| 8000000 | &nbsp;&nbsp; 6821114 |
| Wisconsin, Public Finance Authority, Roseman University of Health Sciences Project: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.0%, 4/1/2042  | 485000 | &nbsp;&nbsp; 449812 |
| &nbsp;&nbsp;&nbsp; 144A, Prerefunded, 4.0%, 4/1/2042  | 10000 | &nbsp;&nbsp; 10842 |
| &nbsp;&nbsp;&nbsp; 144A, Prerefunded, 4.0%, 4/1/2052  | 25000 | &nbsp;&nbsp; 27104 |
| &nbsp;&nbsp;&nbsp; Wisconsin, Public Finance Authority, Senior Living Community First Mortgage <br> Revenue, Cedars Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.5%, 5/1/2039  | 1235000 | &nbsp;&nbsp; 1083252 |
| &nbsp;&nbsp;&nbsp; 144A, 5.75%, 5/1/2054  | 3860000 | &nbsp;&nbsp; 2850216 |
| &nbsp;&nbsp;&nbsp; Wisconsin, Public Finance Authority, Wisconsin Hotel Revenue, Senior Lien Grand <br> Hyatt San Antonio Hotel:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 2/1/2062  | 8750000 | &nbsp;&nbsp; 8633836 |
| &nbsp;&nbsp;&nbsp; Series B, 144A, 6.0%, 2/1/2062  | 3000000 | &nbsp;&nbsp; 3097505 |
| &nbsp;&nbsp;&nbsp; Wisconsin, Public Financing Authority, Retirement Facilities Revenue, Southminster, <br> Inc., 144A, 5.0%, 10/1/2048 <br>| 5000000 | &nbsp;&nbsp; 4879772 |
| Wisconsin, State General Obligation, Series 1, 5.0%, 5/1/2035  | 1250000 | &nbsp;&nbsp; 1498291 |
| &nbsp;&nbsp;&nbsp; Wisconsin, State Health & Educational Facilities Authority Revenue, Chiara Housing & <br> Services, Inc. Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.875%, 7/1/2055  | 2650000 | &nbsp;&nbsp; 2681497 |
| &nbsp;&nbsp;&nbsp; 6.0%, 7/1/2060  | 2800000 | &nbsp;&nbsp; 2845463 |
| &nbsp;&nbsp;&nbsp; 6.625%, 7/1/2060  | 7635000 | &nbsp;&nbsp; 8071259 |
|  |  | &nbsp;&nbsp; **76185733** |
| **Guam 0.1%** | **Guam 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Guam, Government Waterworks Authority, Water & Wastewater System Revenue, <br> Series A, 5.0%, 1/1/2050<br>| 1090000 | &nbsp;&nbsp; **1112520** |
| **Puerto Rico 0.5%** | **Puerto Rico 0.5%** |  |
| Puerto Rico, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2037  | 1690325 | &nbsp;&nbsp; 1693817 |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2041  | 2613626 | &nbsp;&nbsp; 2536716 |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2046  | 1097810 | &nbsp;&nbsp; 991156 |
| Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Zero Coupon, 7/1/2046  | 5000000 | &nbsp;&nbsp; 1798553 |
| &nbsp;&nbsp;&nbsp; Series A-1, Zero Coupon, 7/1/2051  | 4207000 | &nbsp;&nbsp; 1106893 |
|  |  | &nbsp;&nbsp; **8127135** |
| **Total Municipal Investments** (Cost $1,597,308,148) | **Total Municipal Investments** (Cost $1,597,308,148) | &nbsp;&nbsp; **1627528813** |
| **Underlying Municipal Bonds of Inverse Floaters (f) 3.2%** | **Underlying Municipal Bonds of Inverse Floaters (f) 3.2%** |  |
| **Georgia 0.6%** | **Georgia 0.6%** |  |
| Georgia, City of Atlanta Department of Aviation, Series B, 5.5%, 7/1/2055 (g) | 10000000 | &nbsp;&nbsp; **10612537** |
| *Trust: Georgia, City of Atlanta Department of Aviation, Series 2025-XM1317,* <br> *144A, 14.86%, 7/1/2032, Leverage Factor at purchase date: 4 to 1*<br>|  |  |
| **Indiana 0.6%** | **Indiana 0.6%** |  |
| Indiana, Finance Authority, Series C, 5.25%, 10/1/2046 (g) | 10000000 | &nbsp;&nbsp; **10825253** |
| *Trust: Indiana, Finance Authority, Series 2025-XM1275, 144A, 14.04%, 4/1/2033,* <br> *Leverage Factor at purchase date: 4 to 1*<br>|  |  |
| **New York 1.3%** | **New York 1.3%** |  |
| New York City, NY, Transitional Finance Authority, Series I-1, 5.25%, 5/1/2048 (g) | 10000000 | &nbsp;&nbsp; **10743168** |
| *Trust: New York City, NY, Transitional Finance Authority, Series 2025-XM1261,* <br> *144A, 13.95%, 5/1/2033, Leverage Factor at purchase date: 4 to 1*<br>|  |  |

---

------

---

| | | |
|:---|:---|:---|
| New York City, NY, Transitional Finance Authority, Series D, 5.5%, 5/1/2052 (g) | 10000000 | &nbsp;&nbsp; **10808046** |
| *Trust: New York City, NY, Transitional Finance Authority, Series 2025-XM1309,* <br> *144A, 15.04%, 11/1/2032, Leverage Factor at purchase date: 4 to 1*<br>|  |  |
|  |  | &nbsp;&nbsp; **21551214** |
| **Texas 0.7%** | **Texas 0.7%** |  |
| Texas, Transportation Finance Corp., Series A, 5.25%, 10/1/2050 (g) | 10000000 | &nbsp;&nbsp; **10836757** |
| *Trust: Texas, Transportation Finance Corp., Series 2025-XM1330, 144A, 14.19%,* <br> *10/1/2033, Leverage Factor at purchase date: 4 to 1*<br>|  |  |
| **Total Underlying Municipal Bonds of Inverse Floaters** (Cost $52,355,245) | **Total Underlying Municipal Bonds of Inverse Floaters** (Cost $52,355,245) | &nbsp;&nbsp; **53825761** |
| **Corporate Bonds 0.5%** | **Corporate Bonds 0.5%** |  |
| **Consumer Discretionary 0.4%** | **Consumer Discretionary 0.4%** |  |
| Grand Canyon University, 5.125%, 10/1/2028  | 6386000 | &nbsp;&nbsp; **6405684** |
| **Industrials 0.1%** | **Industrials 0.1%** |  |
| Brightline East LLC, 144A, 11.0%, 1/31/2030  | 5000000 | &nbsp;&nbsp; **1329172** |
| **Total Corporate Bonds** (Cost $11,071,626) | **Total Corporate Bonds** (Cost $11,071,626) | &nbsp;&nbsp; **7734856** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Closed-End Investment Companies 0.2%** | **Closed-End Investment Companies 0.2%** |  |
| Nuveen Quality Municipal Income Fund (Cost $3,179,677) | 314188 | &nbsp;&nbsp; **3855087** |
| **Open-End Investment Companies 0.0%** | **Open-End Investment Companies 0.0%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares, 1.69% (h) <br> (Cost $96,850)<br>| 96841 | &nbsp;&nbsp; **96850** |
| **Warrants 0.0%** | **Warrants 0.0%** |  |
| BL Train Holdings West LLC, Expiration Date 11/26/2035\* (i) (Cost $0) | 50070 | &nbsp;&nbsp; **0** |

---

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

---

| | | |
|:---|:---|:---|
|  | **% of Net**<br> **Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $1,664,011,546) | 101.4 | &nbsp;&nbsp; **1693041367** |
| **Floating Rate Notes (f)** | (2.2)<br>| &nbsp;&nbsp; **(37500000)**<br>|
| **Other Assets and Liabilities, Net**  | 0.8 | &nbsp;&nbsp; **14332167** |
| **Net Assets** | 100.0 | &nbsp;&nbsp; **1669873534** |

---

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.* 

*\** *Non-income producing security.*

*(a)* *Variable or floating rate security. These securities are shown at their current rate as of February 28, 2026. For securities based on* *a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable* *rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,* *prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the inherent* *rate, where applicable.* 

*(b)* *Variable rate demand notes are securities whose interest rates are reset periodically (usually daily mode or weekly mode) by* *remarketing agents based on current market levels, and are not directly set as a fixed spread to a reference rate. These securities* *may be redeemed at par by the holder through a put or tender feature, and are shown at their current rates as of February 28,* *2026. Date shown reflects the earlier of demand date or stated maturity date.* 

*(c)* *Interest coupon payment as of July 15, 2025 has been deferred by the issuer.*

*(d)* *Security is a "step-up" bond where the coupon increases or steps-up at a predetermined date. The range of rates shown is the* *current coupon rate through the final coupon rate, date shown is the final maturity date.* 

*(e)* *Defaulted security or security for which income has been deemed uncollectible.*

------

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

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* *Securities represent the underlying municipal obligations of inverse floating rate obligations held by the Fund. The Floating Rate* *Notes represents leverage to the Fund and is the amount owed to the floating rate note holders.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* *Security forms part of the below inverse floater. The Fund accounts for these inverse floaters as a form of secured borrowing, by* *reflecting the value of the underlying bond in the investments of the Fund and the amount owed to the floating rate note holder as* *a liability.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(h)* *Current yield; not a coupon rate.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(i)* *Investment was valued using significant unobservable inputs.* 

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

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>|
| *AG: Assured Guaranty, Inc.* |
| *AMT: Subject to alternative minimum tax.* |
| *GTY: Guaranty Agreement* |
| *INS: Insured* |
| *LIQ: Liquidity Facility* |
| *LOC: Letter of Credit* |
| *NATL: National Public Finance Guarantee Corp.* |
| *Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and used* <br> *to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.*<br>|
| *SIFMA: Securities Industry and Financial Markets Association* |
| *SPA: Standby Bond Purchase Agreement* |

---

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.*

*The following is a summary of the inputs used as of February 28, 2026 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Municipal Investments (a) | $— | &nbsp;&nbsp; $1681354574 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1681354574 |
| Corporate Bonds (a) |  | &nbsp;&nbsp; 7734856 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7734856 |
| Closed-End Investment Companies  | 3855087 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3855087 |
| Open-End Investment Companies  | 96850 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 96850 |
| Warrants  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 |
| **Total** | **$3951937** | &nbsp;&nbsp; **$1689089430** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$1693041367** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

DMMBF-PH3

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS MUNICIPAL TRUST

- **b. Investment Company Act file number:** 811-02671

- **c. CIK number of Registrant:** 0000203142

- **d. LEI of Registrant:** PXMELE24BHVOU00K5462

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Managed Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000006095

- **c. LEI of Series:** 1O15F1OJ8S4IUBHTV011

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $1709993352.67

**Total Liabilities:** $39853864.32

**Net Assets:** $1670139488.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2543.03000000 | **1-Year:** -49249.58000000 | **5-Year:** -233621.99000000 | **10-Year:** -586465.45000000 | **30-Year:** -254970.68000000

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

- **3-Month:** -482.88000000 | **1-Year:** -9880.97000000 | **5-Year:** -36616.52000000 | **10-Year:** -90982.93000000 | **30-Year:** -54450.58000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016744 | -0.15%               | 0.60%                | 1.47%                |
| Class ID C000016743 | -0.24%               | 0.51%                | 1.39%                |
| Class ID C000016745 | -0.15%               | 0.60%                | 1.47%                |
| Class ID C000016740 | -0.17%               | 0.58%                | 1.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1082325.37             | $-6629248.53                               |
| Month 2  | $362196.48               | $3259658.98                                |
| Month 3  | $138893.49               | $18772126.56                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UJP4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    145000 | PA      | $136933.49    | 0.01%             | 2057-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                    | CUSIP: 74442CFA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10554144.00  | 0.63%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                             | PUBLIC AUTH FOR COLORADO ST ENERGY NATURAL GAS PURCHASE REVE       | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |  30000000 | PA      | $37161906.00  | 2.23%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                        | CUSIP: 89602RJP1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1449858.88   | 0.09%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                   | CUSIP: 16772PEX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $773323.81    | 0.05%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV        | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10584797.00  | 0.63%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE                | CUSIP: 6582074E2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2964503.90   | 0.18%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                     | CUSIP: 60637BVE7<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1549506.28   | 0.09%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JTS7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10743168.55  | 0.64%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                              | CUSIP: 74444VAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4879772.50   | 0.29%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                              | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                             | CUSIP: 353273BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1590930.71   | 0.10%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                           | M-S-R CA ENERGY AUTH GAS REVENUE                                   | CUSIP: 55374SAE0<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |  15315000 | PA      | $19031046.92  | 1.14%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12495000 | PA      | $12548227.45  | 0.75%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 5742187L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3510000 | PA      | $3247020.97   | 0.19%             | 2045-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SZ9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3377795.54   | 0.20%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                        | CUSIP: 647201ZU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5550000 | PA      | $6187536.27   | 0.37%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                        | CUSIP: 89602RLD5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2032-01-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE       | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3196650.29   | 0.19%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                                    | CUSIP: 64577XFA9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1873540.64   | 0.11%             | 2038-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UJS8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    295000 | PA      | $299131.42    | 0.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204ERL4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3039259.21   | 0.18%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                                | REGL TRANSPRTN AUTH IL                                             | CUSIP: 759911WJ5<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7924921.20   | 0.47%             | 2033-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                                | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX        | CUSIP: 91756SAQ6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1586688.74   | 0.10%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2945037.98   | 0.18%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Higher Education Facilities Authority                                 | WASHINGTON ST HGR EDU FACS AUTH                                    | CUSIP: 9397813Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $3825818.04   | 0.23%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532LW2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2540623.49   | 0.15%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182VD5<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1861799.50   | 0.11%             | 2042-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                           | CUSIP: 67884XCH8<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2672581.62   | 0.16%             | 2048-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                               | DENVER CO HLTH & HOSP AUTH HLTHCARE REVENUE                        | CUSIP: 24918EEP1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1800721.09   | 0.11%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                 | CUSIP: 97671VCU7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   7635000 | PA      | $8071259.32   | 0.48%             | 2060-07-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JNR5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10808045.65  | 0.65%             | 2052-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080YB1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $4997026.17   | 0.30%             | 2045-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Morongo Band of Mission Indians/The                                              | MORONGO BAND OF MISSION INDIANS CA REVENUE                         | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2444546.32   | 0.15%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                          | CUSIP: 679111D27<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3210903.30   | 0.19%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $902227.32    | 0.05%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                    | CUSIP: 70870JHU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2391628.50   | 0.14%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT REVENUE                 | CUSIP: 93978LEX0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1035000.00   | 0.06%             | 2043-04-01      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                          | CUSIP: 14054CFL8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037725.50   | 0.06%             | 2053-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                    | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3441532.61   | 0.21%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UJN9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    255000 | PA      | $244034.57    | 0.01%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPT7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083550.40   | 0.06%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                               | CUSIP: 882854P63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5182745.00   | 0.31%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                     | RENO-TAHOE NV ARPT AUTH ARPT REVENUE                               | CUSIP: 759874CL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1652751.84   | 0.10%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                      | GEO L SMITH II GA CONGRESS CTR AUTH                                | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $704976.79    | 0.04%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | JACKSONVILLE FL EDUCTNL FACS REVENUE                               | CUSIP: 46936RAD4<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2845662.63   | 0.17%             | 2053-06-01      | 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: 64972GB60<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7922649.75   | 0.47%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1290849.36   | 0.08%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lubbock Independent School District                                              | LUBBOCK TX INDEP SCH DIST                                          | CUSIP: 5492206M8<br>LEI: 549300SBJI5UDVLE3F39 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8014194.75   | 0.48%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13180000 | PA      | $14412391.95  | 0.86%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV          | CUSIP: 20282EAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1364165.45   | 0.08%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                        | HARRIS CNTY TX INDL DEV CORP                                       | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5309516.16   | 0.32%             | 2050-11-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp                                                             | ALASKA ST RAILROAD CORP CRUISE PORT REVENUE                        | CUSIP: 01176AAU7<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1641016.95   | 0.10%             | 2050-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3741751.63   | 0.22%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065445.60   | 0.06%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI       | CUSIP: 59561UAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1890998.96   | 0.11%             | 2060-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 57421CLU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.15%             | 2053-05-15      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                        | CUSIP: 647201HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1575826.83   | 0.09%             | 2050-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                       | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                       | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250166.50   | 0.07%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4962138.00   | 0.30%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | FULTON CNTY GA DEV AUTH HOSP  REVENUE                              | CUSIP: 36005GAW3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3195504.84   | 0.19%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp                                            | SAN ANTONIO TX EDU FACS CORP REVENUE                               | CUSIP: 796247DX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $847670.35    | 0.05%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | TEXAS ST                                                           | CUSIP: 882724LX3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   9920000 | PA      | $9920000.00   | 0.59%             | 2050-06-01      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | BLACK DESERT PUB INFRASTRUCTURE DIST UT SPL ASSMNT                 | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026401.60   | 0.12%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE         | CUSIP: 882667CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2419178.67   | 0.14%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI       | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1376916.89   | 0.08%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675934S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9340000 | PA      | $9823138.59   | 0.59%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                               | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2121187.24   | 0.13%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HOSP REVENUE               | CUSIP: 54660DAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2332989.11   | 0.14%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Range Metropolitan District No 3                                           | NORTH RANGE MET DIST #3 CO                                         | CUSIP: 66176NAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3333000 | PA      | $3353707.60   | 0.20%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                                                          | City of Atlanta GA Department of Aviation                          | CUSIP: 04780M3D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10612537.33  | 0.64%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2331629.64   | 0.14%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                          | CUSIP: 679111E91<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086963.60   | 0.07%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares               | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     38363 | NS      | $38366.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                          | CUSIP: 696507VS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $761259.54    | 0.05%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5439540.15   | 0.33%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                           | CUSIP: 46247SFX7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3234470.93   | 0.19%             | 2035-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59259Y7Q6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260000.00    | 0.02%             | 2026-11-01      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                   | CUSIP: 57582TGB2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2013462.90   | 0.12%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UFX1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5170000 | PA      | $4996325.74   | 0.30%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182VB9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $2073973.15   | 0.12%             | 2040-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                             | CUSIP: 74443DGE5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9190118.00   | 0.55%             | 2045-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                                     | CUSIP: 956622N67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10085000 | PA      | $10235823.19  | 0.61%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                   | CUSIP: 16772PCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3306882.97   | 0.20%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4470000.00   | 0.27%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI       | CUSIP: 59561UAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1372903.70   | 0.08%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 8371516Q7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053956.10   | 0.06%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                            | COLUMBIA CNTY GA HOSP AUTH                                         | CUSIP: 197479AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1967300.44   | 0.12%             | 2048-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bucks County Water and Sewer Authority                                           | BUCKS CNTY PA WTR & SWR AUTH SWR SYS REVENUE                       | CUSIP: 118683JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2321384.90   | 0.14%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                                 | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17740000 | PA      | $18919057.17  | 1.13%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                      | CUSIP: 34061WBW3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $12094966.40  | 0.72%             | 2056-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                     | NEW MEXICO ST FIN AUTH REVENUE                                     | CUSIP: 64711N3C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5795000 | PA      | $6018326.55   | 0.36%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8745000 | PA      | $8971410.67   | 0.54%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                         | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2274298.78   | 0.14%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE                  | CUSIP: 64542QBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1957623.53   | 0.12%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                 | CUSIP: 97671VCQ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2845463.04   | 0.17%             | 2060-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp                                            | SAN ANTONIO TX EDU FACS CORP REVENUE                               | CUSIP: 796247DY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1356706.18   | 0.08%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE              | CUSIP: 93878YED7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8618019.20   | 0.52%             | 2060-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                           | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5004070.58   | 0.30%             | 2059-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $576229.68    | 0.03%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                                | SOUTH CAROLINA ST TRANSPRTN INFRASTRUCTURE BANK REVENUE            | CUSIP: 837152UU9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8252320.80   | 0.49%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP SF MTGE REVENUE                                      | CUSIP: 917437EP6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3154164.26   | 0.19%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                           | CUSIP: 64613AGE6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2106437.88   | 0.13%             | 2053-10-01      | 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: 64971X3Z9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5653121.00   | 0.34%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                   | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3842833 | PA      | $3834681.54   | 0.23%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                   | CUSIP: 16772PEW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $838958.10    | 0.05%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPR1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107221.10   | 0.07%             | 2043-10-01      | 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: 64972GCQ5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2048-06-15      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                               | AUSTIN TX INDEP SCH DIST                                           | CUSIP: 052430XB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13459517.50  | 0.81%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | MASSACHUSETTS ST WTR RESOURCES AUTH                                | CUSIP: 576051BW5<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2037-08-01      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783D29<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3510000 | PA      | $3196348.86   | 0.19%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                    | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4166139.60   | 0.25%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 8371516L8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2725940.00   | 0.16%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE            | CUSIP: 87638QSD2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   8550000 | PA      | $9165217.82   | 0.55%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE CO                             | CUSIP: 19633TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3244889.10   | 0.19%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                                   | CUSIP: 41423PEB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10675735.00  | 0.64%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114026.20   | 0.13%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Educational Facilities Authority                               | MIAMI-DADE CNTY FL EDUCTNL FACS AUTH REVENUE                       | CUSIP: 59333APA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6754479.38   | 0.40%             | 2047-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080XL0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2460082.97   | 0.15%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                         | CUSIP: 735389W38<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595564.40   | 0.10%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE            | CUSIP: 64972HZW5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2897851.32   | 0.17%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp                                                | TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE                | CUSIP: 88283PAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10836756.60  | 0.65%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                 | CUSIP: 34073TNB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923272.30    | 0.06%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 167593X98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6395000 | PA      | $6629667.08   | 0.40%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp                                                | TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE                | CUSIP: 88283PAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4970832.75   | 0.30%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3420723.98   | 0.20%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE               | CUSIP: 64990KGN7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9146673.60   | 0.55%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3215891.70   | 0.19%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                           | CUSIP: 67884XCX3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3205000 | PA      | $3276515.09   | 0.20%             | 2044-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452152B42<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6875000 | PA      | $6885873.50   | 0.41%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                            | CUSIP: 187145VP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $806803.88    | 0.05%             | 2045-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5765000 | PA      | $6226366.03   | 0.37%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                              | CUSIP: 73358WS54<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6788788.50   | 0.41%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                         | CUSIP: 74442PTF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6821113.60   | 0.41%             | 2051-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 837151YX1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   7270000 | PA      | $6849797.64   | 0.41%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CGG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7556727.50   | 0.45%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                         | CUSIP: 74442PZY4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27104.33     | 0.00%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE EAST LLC                                                              | Brightline East LLC                                                | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $1329171.85   | 0.08%             | 2030-01-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16446246.00  | 0.98%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                            | CUSIP: 187145VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2365141.50   | 0.14%             | 2049-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Development Finance Authority                                           | ILLINOIS ST DEV FIN AUTH                                           | CUSIP: 45188RQ44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.05%             | 2032-06-01      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                          | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE                  | CUSIP: 57586CGB5<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    560000 | PA      | $560000.00    | 0.03%             | 2040-07-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | NORTH CAROLINA ST EDU ASSISTANCE AUTH                              | CUSIP: 658262GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1968575.08   | 0.12%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                         | PEFA INC IA GAS PROJ REVENUE                                       | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10116360.00  | 0.61%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                              | CUSIP: 67756QD46<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2021089.01   | 0.12%             | 2050-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976AFD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9170000 | PA      | $6953544.98   | 0.42%             | 2048-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPS9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094843.80   | 0.07%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204EA73<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   8761728 | PA      | $262851.85    | 0.02%             | 2045-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $579134.00    | 0.03%             | 2034-10-01      | 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: 64971X7E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5378050.00   | 0.32%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                    | CYPRESS-FAIRBANKS TX INDEP SCH DIST                                | CUSIP: 232769QY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1202818.90   | 0.07%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709224WQ8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   6950000 | PA      | $7093151.93   | 0.42%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE               | CUSIP: 64990F2W3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5131.96      | 0.00%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                        | CUSIP: 419794J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143823.20   | 0.13%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048VQ35<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4335000 | PA      | $4629157.49   | 0.28%             | 2039-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                           | CUSIP: 67884XCW5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3157565.23   | 0.19%             | 2041-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4466906.32   | 0.27%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE         | CUSIP: 882667CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1801758.43   | 0.11%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                              | CUSIP: 73358XJZ6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5713565.50   | 0.34%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UJU3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    440000 | PA      | $415381.60    | 0.02%             | 2057-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | IOWA ST HGR EDU LOAN AUTH                                          | CUSIP: 4624607N0<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |  12905000 | PA      | $10855482.10  | 0.65%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HLTH CARE REVENUE                                 | CUSIP: 40727RCL0<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2975944.69   | 0.18%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL FAC REVENUE                                 | CUSIP: 74446DAM0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    795000 | PA      | $825113.25    | 0.05%             | 2046-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                    | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5153292.50   | 0.31%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV          | CUSIP: 20282EAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1366796.28   | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                              | PROSPER TX INDEP SCH DIST                                          | CUSIP: 7436007A0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4036861.50   | 0.24%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                             | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170000 | PA      | $4424312.45   | 0.26%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                                   | CUSIP: 74447DAG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3097505.40   | 0.19%             | 2062-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 837151A25<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3572306.40   | 0.21%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971X7C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9410000 | PA      | $10299945.10  | 0.62%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH SENIOR LIVING REVENUE                    | CUSIP: 14043HAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2333181.18   | 0.14%             | 2055-01-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                       | CUSIP: 649519DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2589042.40   | 0.16%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204ERM2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3965000 | PA      | $4057462.21   | 0.24%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                            | CUSIP: 592190SV5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $5040245.76   | 0.30%             | 2051-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE                     | CUSIP: 04052TDM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10430000 | PA      | $10647825.34  | 0.64%             | 2065-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Washington Higher Education Facilities Authority                                 | WASHINGTON ST HGR EDU FACS AUTH                                    | CUSIP: 939781Y87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3800537.50   | 0.23%             | 2049-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 8371516P9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5827104.25   | 0.35%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Desertxpress Enterprises LLC                                                     | Desertxpress Enterprises LLC                                       | CUSIP: 05594N118<br>LEI: 254900UTS074X7B9VE11 | N/A              | DE               |  | US        |     50070 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                          | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10463312.00  | 0.63%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN AGY                                            | CUSIP: 64986MC78<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.01%             | 2035-05-01      | Variable      | 2.14%                 | 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: 64972GS54<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2056-06-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                      | CUSIP: 70917TRU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7655088.96   | 0.46%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2123409.27   | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Reno NV                                                                  | RENO NV SALES TAX REVENUE                                          | CUSIP: 759861EJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29000000 | PA      | $4626480.20   | 0.28%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                    | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    620000 | PA      | $620000.00    | 0.04%             | 2048-03-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                                   | CUSIP: 74447DAD9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8633835.88   | 0.52%             | 2062-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976AEU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $3124802.74   | 0.19%             | 2058-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE                | CUSIP: 16080TAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5319036.84   | 0.32%             | 2055-10-01      | Fixed         | 6.12%                 | 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: 64972GSC9<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.10%             | 2051-06-15      | Variable      | 1.86%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                                   | CUSIP: 114894YT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3072353.44   | 0.18%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                             | CUSIP: 72177MSW8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1246037.59   | 0.07%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584YX53<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $935238.45    | 0.06%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                          | Grand Canyon University                                            | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6386000 | PA      | $6405683.89   | 0.38%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182TM8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3588718.85   | 0.21%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3932607.04   | 0.24%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                   | CUSIP: 16772PEV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $507585.65    | 0.03%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                              | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5597705.00   | 0.34%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI       | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8425000 | PA      | $8692975.66   | 0.52%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                        | CUSIP: 89602RJN6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1167709.50   | 0.07%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marshall University                                                              | MARSHALL UNIV WV                                                   | CUSIP: 572716KQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9150000 | PA      | $8209693.85   | 0.49%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528U6Y2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1875492.91   | 0.11%             | 2057-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV          | CUSIP: 20282EAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $910851.40    | 0.05%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                 | CUSIP: 19648FKA1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3751406.80   | 0.22%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CHR2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3736325.25   | 0.22%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                     | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1112520.60   | 0.07%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452153ES4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6267823.20   | 0.38%             | 2046-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                        | CUSIP: 89602RFT7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3976314.00   | 0.24%             | 2046-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE               | CUSIP: 896035BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8465644.00   | 0.51%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE             | CUSIP: 60637AMK5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6240998.40   | 0.37%             | 2049-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS REVENUE                         | CUSIP: 56036YDK8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5311166.00   | 0.32%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                     | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE                   | CUSIP: 39160CBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1255157.14   | 0.08%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 167591AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10625000 | PA      | $11210643.63  | 0.67%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                    | CYPRESS-FAIRBANKS TX INDEP SCH DIST                                | CUSIP: 232769QX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1209139.60   | 0.07%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                   | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2882342 | PA      | $3014493.65   | 0.18%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966QL57<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3178335.60   | 0.19%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Health and Hospitals Corp                                          | NEW YORK CITY NY HLTH & HOSP CORP                                  | CUSIP: 649674GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $340000.00    | 0.02%             | 2031-02-15      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                  | CUSIP: 79625GJR5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3234375.90   | 0.19%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SR LIVING CMNTY 1ST MTGE REVENUE                | CUSIP: 74446GAC5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3860000 | PA      | $2850215.89   | 0.17%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1690325 | PA      | $1693817.72   | 0.10%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Convention & Sports Authority                                         | WASHINGTON DC CONVENTION & SPORTS AUTH DEDICATED TAX REVENUE       | CUSIP: 93878LBX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1509299.44   | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4278162.83   | 0.26%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                    | CUSIP: 70870JHV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109320.40   | 0.13%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                               | CUSIP: 45470YGB1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10825252.98  | 0.65%             | 2046-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966SMD5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21495528.00  | 1.29%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452152U58<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5955000 | PA      | $6047594.30   | 0.36%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                  | CUSIP: 79625GLS0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   7215000 | PA      | $7806455.40   | 0.47%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                 | CUSIP: 34073TKW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1577573.44   | 0.09%             | 2038-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                       | SAN ANTONIO TX INDEP SCH DIST                                      | CUSIP: 796269M70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10494684.00  | 0.63%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Development Finance Authority                                           | ILLINOIS ST DEV FIN AUTH                                           | CUSIP: 45188RWL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.03%             | 2029-06-01      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $578479.70    | 0.03%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11340000 | PA      | $12328183.48  | 0.74%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                        | CUSIP: 89602RJQ9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1435191.38   | 0.09%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                               | CUSIP: 04052BJY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2567435.43   | 0.15%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL FAC REVENUE                                 | CUSIP: 74446DAQ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $849676.24    | 0.05%             | 2054-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                    | CUSIP: 546399UM6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5410931.00   | 0.32%             | 2050-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                          | CUSIP: 14054CFK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2598495.00   | 0.16%             | 2048-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                      | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1357002.57   | 0.08%             | 2031-06-01      | Fixed         | 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: 592041YU5<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1246522.62   | 0.07%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares               | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     58478 | NS      | $58483.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                            | CUSIP: 64990AXW0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093800.80   | 0.07%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                        | CUSIP: 647201KP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1806448.68   | 0.11%             | 2051-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board                              | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU       | CUSIP: 82170LAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1102992.77   | 0.07%             | 2056-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 70879QNW9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3271067 | PA      | $3259920.51   | 0.20%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE         | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6490709.38   | 0.39%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063499.70   | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                            | COLUMBIA CNTY GA HOSP AUTH                                         | CUSIP: 197479AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2185170.20   | 0.13%             | 2053-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp                                            | SAN ANTONIO TX EDU FACS CORP REVENUE                               | CUSIP: 796247DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4513905.55   | 0.27%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                         | CUSIP: 74442PA21<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    485000 | PA      | $449811.55    | 0.03%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                           | CUSIP: 19645UTS3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3711171.10   | 0.22%             | 2059-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE              | CUSIP: 592643DG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $2394391.02   | 0.14%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DTS1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   7100000 | PA      | $7100000.00   | 0.43%             | 2042-07-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE        | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5050000 | PA      | $5506498.79   | 0.33%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES        | CUSIP: 26118TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4333745.20   | 0.26%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                           | CUSIP: 46247SFF6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    910000 | PA      | $1011308.30   | 0.06%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UJT6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    420000 | PA      | $401939.29    | 0.02%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE               | CUSIP: 64990KAM5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5131.96      | 0.00%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2613626 | PA      | $2536715.87   | 0.15%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Angelo Independent School District                                           | SAN ANGELO TX INDEP SCH DIST                                       | CUSIP: 796116UM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10685593.00  | 0.64%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No 5                                         | RAMPART RANGE CO MET DIST #5                                       | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3510000 | PA      | $2867441.50   | 0.17%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                                | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2962455.28   | 0.18%             | 2048-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPQ3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118964.40   | 0.07%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                                     | CUSIP: 956622Y81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8064811.50   | 0.48%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                    | CUSIP: 451295H28<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   4855000 | PA      | $5175217.84   | 0.31%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                        | CUSIP: 92778FKQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2119047.35   | 0.13%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR         | CUSIP: 928097AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3140936.03   | 0.19%             | 2049-12-31      | 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: 882667CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126031.80   | 0.13%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                         | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                          | CUSIP: 76827QEP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1278018.77   | 0.08%             | 2049-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1097810 | PA      | $991155.89    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                    | CUSIP: 546399UP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10683142.00  | 0.64%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452152M99<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3548246.80   | 0.21%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                     | CUSIP: 60637B5A4<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   9065000 | PA      | $10147244.06  | 0.61%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS REVENUE                         | CUSIP: 56036YDJ1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5190872.00   | 0.31%             | 2027-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                            | CUSIP: 64990AHR9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5258113.50   | 0.31%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE             | CUSIP: 592247L40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $7718593.20   | 0.46%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No 5                                         | RAMPART RANGE CO MET DIST #5                                       | CUSIP: 75157WAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $871987.15    | 0.05%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584Y8H5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.01%             | 2048-03-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                      | CUSIP: 592647NG2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5019294.13   | 0.30%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Genesee County Funding Corp/The                                                  | GENESEE CNTY NY FUNDING CORP                                       | CUSIP: 371669AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023678.20   | 0.12%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1469672.82   | 0.09%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                  | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1708333.80   | 0.10%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                   | CUSIP: 57582TGC0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552453.45    | 0.03%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD REVENUE                                          | CUSIP: 88285AJY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8510128.50   | 0.51%             | 2042-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966QY95<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $12538185.75  | 0.75%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SR LIVING CMNTY 1ST MTGE REVENUE                | CUSIP: 74446GAB7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1083251.85   | 0.06%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048VUN6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6975000 | PA      | $6629354.57   | 0.40%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                           | CUSIP: 25483VXR0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2051444.06   | 0.12%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA REVENUES                                        | CUSIP: 91412GSK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.02%             | 2048-05-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                  | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1798553.00   | 0.11%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                         | CUSIP: 14054WBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1467341.70   | 0.09%             | 2065-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp                                                | TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE                | CUSIP: 88283PAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4916039.40   | 0.29%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $285435.14    | 0.02%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE             | CUSIP: 83703EMY8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3318369.30   | 0.20%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Convention & Sports Authority                                         | WASHINGTON DC CONVENTION & SPORTS AUTH DEDICATED TAX REVENUE       | CUSIP: 93878LBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1512921.80   | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canutillo Independent School District/TX                                         | CANUTILLO TX INDEP SCH DIST                                        | CUSIP: 138735YW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8290000 | PA      | $8812967.19   | 0.53%             | 2054-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                          | CUSIP: 696507VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $1007929.72   | 0.06%             | 2058-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTH REVENUE                              | CUSIP: 546398C30<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1545000.00   | 0.09%             | 2047-07-01      | Variable      | 2.17%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE                      | CUSIP: 57420VSN4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2020291.54   | 0.12%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6855000 | PA      | $7275613.20   | 0.44%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nuveen Quality Municipal Income Fund                                             | Nuveen Quality Municipal Income Fund                               | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             | EC               | RF                | US        |    314188 | NS      | $3855086.76   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin County Industrial Development Authority/PA                              | FRANKLIN CNTY PA INDL DEV AUTH REVENUE                             | CUSIP: 353273BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $664258.92    | 0.04%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | WISCONSIN ST                                                       | CUSIP: 97705MK79<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1498290.63   | 0.09%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                            | CUSIP: 592190PK2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   8045000 | PA      | $7093352.12   | 0.42%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10930000 | PA      | $12024270.07  | 0.72%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5320000 | PA      | $5668648.33   | 0.34%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                              | CUSIP: 67756QZW0<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2048506.44   | 0.12%             | 2050-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI       | CUSIP: 59561UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4570074.14   | 0.27%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                   | CUSIP: 16772PEY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092517.50   | 0.07%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   7665000 | PA      | $8294253.58   | 0.50%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE                   | CUSIP: 13057GAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6055000 | PA      | $6192535.69   | 0.37%             | 2065-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                     | CUSIP: 795576KD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10200000 | PA      | $9079042.44   | 0.54%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE              | CUSIP: 43233KAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6475006.80   | 0.39%             | 2054-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261A5C7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3262780.80   | 0.20%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5820000 | PA      | $5422757.06   | 0.32%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE             | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2657281.75   | 0.16%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST COPS                                               | CUSIP: 709144PA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1145317.41   | 0.07%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE                | CUSIP: 16080TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $3584050.75   | 0.21%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783ZE9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4931962.75   | 0.30%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                         | CUSIP: 7353894D7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8593775.20   | 0.51%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                  | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4207000 | PA      | $1106892.83   | 0.07%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRY           | CUSIP: 25457VBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6015000 | PA      | $3248100.00   | 0.19%             | 2065-01-01      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                 | CUSIP: 34073TPN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13690000 | PA      | $12400014.57  | 0.74%             | 2054-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No 1                                | POINT PHASE 1 PUB INFRASTRUCTURE DIST #1 UT TAX ASSMNT & GEN       | CUSIP: 73058EAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6485000 | PA      | $6774817.89   | 0.41%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10920000 | PA      | $11139530.22  | 0.67%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966SMP8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5900000.00   | 0.35%             | 2044-08-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 14                                     | VLG FL CDD #14 SPL ASSMNT REVENUE                                  | CUSIP: 92708JAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6378884.38   | 0.38%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV          | CUSIP: 20282EAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $902782.19    | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE            | CUSIP: 87638QVD8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.30%             | 2063-11-15      | Variable      | 1.55%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3239073.30   | 0.19%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CGH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9618020.10   | 0.58%             | 2046-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | DALLAS TX INDEP SCH DIST                                           | CUSIP: 235308W74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16814595.00  | 1.01%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp                                                | TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE                | CUSIP: 88283PAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3902890.25   | 0.23%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                  | CUSIP: 93978HWK7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |  17700000 | PA      | $18206281.95  | 1.09%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UJM1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    280000 | PA      | $283921.34    | 0.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 56681NEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4560000 | PA      | $4408027.51   | 0.26%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                            | CUSIP: 64990AXV2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2220971.00   | 0.13%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS                               | CUSIP: 88275FYZ6<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   7475000 | PA      | $8351307.71   | 0.50%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                            | CUSIP: 592190PH9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3621997.60   | 0.22%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                             | CUSIP: 72177MUR6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   6495000 | PA      | $4822891.48   | 0.29%             | 2057-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2555000 | PA      | $894250.00    | 0.05%             | 2032-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BG88<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108898.60   | 0.07%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL REVENUE                                                   | CUSIP: 875231LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13380000 | PA      | $12049876.81  | 0.72%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 412 Shoreline                                     | KING CNTY WA SCH DIST #412 SHORELINE                               | CUSIP: 495242M71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4345000 | PA      | $4669839.59   | 0.28%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                        | CUSIP: 667826HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5082938.90   | 0.30%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174Q39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10537177.00  | 0.63%             | 2059-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Denver Urban Renewal Authority                                                   | DENVER CO URBAN RENEWAL AUTH TAX INCR REVENUE                      | CUSIP: 249301FX5<br>LEI: 54930040L61W75KRAG79 | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4445194.44   | 0.27%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 57421CHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12145000 | PA      | $12800216.68  | 0.77%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD REVENUE                                          | CUSIP: 88285AKA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3338961.90   | 0.20%             | 2044-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collier County Educational Facilities Authority                                  | COLLIER CNTY FL EDUCTNL FACS AUTH REVENUE                          | CUSIP: 19463TBP0<br>LEI: 5493003XVBWC2SNPMX57 | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4896910.51   | 0.29%             | 2038-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                              | ARIZONA ST HLTH FACS AUTH                                          | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1157361.44   | 0.07%             | 2046-01-01      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV                   | CUSIP: 57419TDL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1228158.42   | 0.07%             | 2050-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                                   | CUSIP: 45203MUH2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5980000 | PA      | $6574509.47   | 0.39%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE               | CUSIP: 896035BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12670914.00  | 0.76%             | 2057-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                            | CUSIP: 592190QZ8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3419891.48   | 0.20%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3775000 | PA      | $3799257.40   | 0.23%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                        | CUSIP: 89602RGB5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4541173.00   | 0.27%             | 2054-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5160000 | PA      | $5525202.61   | 0.33%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4615000 | PA      | $4925678.57   | 0.29%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                     | RENO-TAHOE NV ARPT AUTH ARPT REVENUE                               | CUSIP: 759874CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087746.00   | 0.13%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964766.30    | 0.06%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2328209.62   | 0.14%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peninsula Town Center Community Development Authority                            | PENINSULA TOWN CENTER VA CMNTY DEV AUTH SPL OBLG                   | CUSIP: 70718LAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3708922.55   | 0.22%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                               | CUSIP: 882854P97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5142757.00   | 0.31%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532MS0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1935000 | PA      | $2101897.81   | 0.13%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                 | CUSIP: 59335KDK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6430000 | PA      | $6020708.00   | 0.36%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BG96<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4907962.41   | 0.29%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                    | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1772061.12   | 0.11%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HLTH CARE REVENUE                                 | CUSIP: 40727RBT4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2790038.50   | 0.17%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                    | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8375186.40   | 0.50%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                            | YUMA AZ INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 988514DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3148620.00   | 0.19%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                             | CUSIP: 72177MSV0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1306224.37   | 0.08%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Parkways Authority                                                 | WEST VIRGINIA ST PARKWAYS AUTH TURNPIKE TOLL REVENUE               | CUSIP: 956510BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6765000 | PA      | $6312508.09   | 0.38%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675936C1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2831221.78   | 0.17%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corp                                             | NEWARK HGR EDU FIN CORP TX REVENUE                                 | CUSIP: 650348AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12607191.00  | 0.75%             | 2057-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HLTH CARE REVENUE                                 | CUSIP: 40727RBS6<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    975000 | PA      | $975907.82    | 0.06%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                | CUSIP: 64577BTQ7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  16440000 | PA      | $16885719.64  | 1.01%             | 2030-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                  | CUSIP: 93978HF75<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4269887.60   | 0.26%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV          | CUSIP: 20282EAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1333659.66   | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                    | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   8405000 | PA      | $9370514.29   | 0.56%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                               | CUSIP: 2202452L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3476491.38   | 0.21%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                         | CUSIP: 74442PZX6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10841.73     | 0.00%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH SENIOR LIVING REVENUE                    | CUSIP: 14043HAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3819067.80   | 0.23%             | 2065-01-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182VE3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1844212.77   | 0.11%             | 2043-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northern Tobacco Securitization Corp                                             | NTHRN AK TOBACCO SECURITIZATION CORP TOBACCO SETTLEMENT REVE       | CUSIP: 66585VBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $1726315.58   | 0.10%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE       | CUSIP: 64542PGF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3005000.00   | 0.18%             | 2030-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Charleston County Airport District                                               | CHARLESTON CNTY SC ARPT DIST ARPT SYS REVENUE                      | CUSIP: 160070EJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $2052593.02   | 0.12%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                 | CUSIP: 97671VCP8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2681496.58   | 0.16%             | 2055-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528U4Q1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4301703.60   | 0.26%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** DEUTSCHE DWS MUNICIPAL TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer