# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-071914
**Filing Date:** 2023-3
**Character Count:** 517704
**Document Hash:** 1a3da7a0d90302057b97c7eeb810baf9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-071914.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-071914

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 23774051

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2027 Term Muni Bond ETF (Series ID: S000065128)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000210857 | iShares iBonds Dec 2027 Term Muni Bond ETF | IBMP            |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Municipal Debt Obligations** |  |  |
| **Alabama — 2.2%** |  |  |
| Alabama Federal Aid Highway Finance Authority RB 5.00%, 09/01/35 (PR 09/01/27) | $1000 | $1122399 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/27 | 320 | 359168 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/29 (PR 09/01/27) | 180 | 202032 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/37 (PR 09/01/27) | 130 | 145912 |
| Alabama Highway Finance Corp. RB, 5.00%, 08/01/27 | 425 | 473983 |
| Alabama Public School and College Authority RB, Series A,5.00%, 11/01/27 | 1020 | 1146303 |
| City of Auburn AL GOL, 5.00%, 05/01/27 (Call 05/01/25) | 110 | 116610 |
| City of Huntsville AL, 5.00%, 11/01/27 (CALL 05/01/27) | 100 | 111354 |
| City of Huntsville AL GO, 5.00%, 09/01/27 | 150 | 168290 |
| City of Huntsville AL GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/27 (Call 05/01/26) | 155 | 168568 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/30 (Call 11/01/27) | 125 | 140628 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/28 (Call 11/01/27) | 75 | 84471 |
| State of Alabama GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | 170 | 191950 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/27 (Call 08/01/26) | 265 | 290515 |
| University of Alabama (The), 5.00%, 07/01/27 | 110 | 122791 |
| Water Works Board of the City of Birmingham (The) RB 5.00%, 01/01/30 (PR 01/01/27) | 200 | 221712 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/32 (PR 01/01/27) | 200 | 221712 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/43 (PR 01/01/27) | 250 | 277140 |
|  |  | 5565538 |
| **Alaska — 0.1%** |  |  |
| State of Alaska GO, 5.00%, 08/01/27 | 195 | 217917 |
| **Arizona — 1.7%** |  |  |
| Arizona Board of Regents RB, 5.00%, 07/01/27 | 50 | 55970 |
| Arizona Department of Transportation State Highway Fund Revenue, 5.00%, 07/01/27 (Call 07/01/26) | 825 | 900989 |
| Arizona State University RB, Series B, 5.00%, 07/01/30 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/01/27) | 185 | 205099 |
| City of Chandler AZ GOL, 5.00%, 07/01/27 | 175 | 195974 |
| City of Phoenix AZ GO, 5.00%, 07/01/27 (Call 07/01/26) | 495 | 540593 |
| City of Phoenix Civic Improvement Corp. RB 5.00%, 07/01/27 | 250 | 279740 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/25) | 290 | 308910 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 355 | 387622 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/29 (CALL 07/01/27) | 300 | 333835 |
| Maricopa County Unified School District No. 48 Scottsdale GO,5.00%, 07/01/28 (Call 07/01/27) | 40 | 44669 |
| Maricopa County Union High School District No. 210-Phoenix GO, 5.00%, 07/01/27 | 130 | 145000 |
| Salt River Project Agricultural Improvement & Power District,5.00%, 01/01/27 | 290 | 321483 |
| Salt River Project Agricultural Improvement & Power District RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/27 | 55 | 60971 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/27 | 210 | 232798 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/29 (Call 01/01/27) | 285 | 314922 |
| State of Arizona COP, Series A, 5.00%, 10/01/27 | 115 | 129596 |
|  |  | 4458171 |
| **California — 13.2%** |  |  |
| Anaheim Housing & Public Improvements Authority RB, 5.00%, 10/01/27 | 215 | 242593 |
| Bay Area Toll Authority RB, 4.00%, 04/01/29 (Call 04/01/27) | 680 | 728974 |
| California Health Facilities Financing Authority RB, 5.00%, 11/01/27 | 780 | 888278 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **California (continued)** |  |  |
| California Infrastructure & Economic Development Bank RB 5.00%, 10/01/27 (Call 04/01/27) | $110 | $123182 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 04/01/27) | 200 | 223961 |
| California State Public Works Board RB 5.00%, 09/01/29 (Call 09/01/27) | 290 | 327065 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/30 (CALL 10/01/27) | 155 | 175070 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 | 100 | 113119 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/01/28 (Call 03/01/27) | 320 | 356993 |
| &nbsp;&nbsp;&nbsp;Series G, 5.00%, 10/01/31 (Call 10/01/27) | 235 | 265250 |
| California State University RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/29 (Call 05/01/27) | 315 | 352815 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/27 (Call 11/01/25) | 100 | 107990 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/27 (Call 05/01/26) | 550 | 601693 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/30 (Call 05/01/27) | 220 | 246332 |
| Carlsbad Unified School District GO, 5.00%, 08/01/27 (Call 08/01/26) | 200 | 219186 |
| City of Foster City CA GO, 4.00%, 08/01/30 (Call 08/01/27) | 120 | 129620 |
| City of Los Angeles CA Wastewater System Revenue RB,Series B, 5.00%, 06/01/27 | 275 | 309534 |
| City of Los Angeles Department of Airports RB 5.00%, 05/15/27 | 400 | 447568 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/27 (ETM) | 110 | 122474 |
| City of San Francisco CA Public Utilities Commission Water |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | 160 | 181821 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 05/01/25) | 90 | 95952 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 11/01/26) | 250 | 277175 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/30 (Call 11/01/27) | 355 | 402602 |
| Coast Community College District GO, Series D, 5.00%, 08/01/28 (Call 08/01/27) | 160 | 180282 |
| Contra Costa Transportation Authority RB, Series A, 5.00%, 03/01/27 (Call 03/01/25) | 170 | 180327 |
| County of Santa Clara CA, 5.00%, 08/01/27 | 170 | 191842 |
| County of Santa Clara CA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/27) | 125 | 140997 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/31 (Call 08/01/27) | 195 | 219551 |
| East Bay Municipal Utility District Wastewater System Revenue RB, Series A, 5.00%, 06/01/28 (Call 06/01/27) | 130 | 146243 |
| East Bay Municipal Utility District Water System Revenue RB 5.00%, 06/01/27 | 35 | 39364 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 06/01/27) | 85 | 95620 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/27 | 65 | 73105 |
| El Camino Community College District Foundation (The),0.00%, 08/01/27<sup>(a)</sup> | 200 | 179638 |
| Foothill-De Anza Community College District, 0.00%, 08/01/27 (NPFGC)<sup>(a)</sup> | 415 | 371262 |
| Fremont Union High School District GO, 5.00%, 08/01/29 (Call 08/01/27) | 75 | 84598 |
| Los Angeles Community College District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/30 (Call 08/01/27) | 120 | 129620 |
| Series J, 5.00%, 08/01/28 (Call 08/01/27) | 100 | 112906 |
| Los Angeles County Metropolitan Transportation Authority RB 5.00%, 07/01/30 (CALL 07/01/27) | 140 | 157586 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 | 1152358 |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/29 (Call 07/01/27) | 255 | 287185 |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue RB, 4.00%, 07/01/27 (Call 07/01/25) | 125 | 130561 |
| Los Angeles Department of Water & Power, 5.00%, 07/01/27 | 315 | 354878 |
| Los Angeles Department of Water & Power Power System Revenue RB, 5.00%, 07/01/31 (CALL 01/01/27) | 90 | 99960 |
| Los Angeles Department of Water & Power RB 5.00%, 07/01/27 | 315 | 354878 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **California (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/30 (Call 01/01/27) | $100 | $111233 |
| Los Angeles Department of Water & Power System Revenue RB, Series C, 5.00%, 07/01/28 (Call 07/01/27) | 295 | 332399 |
| Los Angeles Department of Water RB, Series A, 5.00%, 07/01/30 (Call 01/01/27) | 405 | 451141 |
| Los Angeles Unified School District/CA, 5.00%, 07/01/27 (Call 07/01/25) | 55 | 58842 |
| Los Angeles Unified School District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 07/01/27 | 160 | 164283 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 585 | 659059 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 | 360 | 405574 |
| &nbsp;&nbsp;&nbsp;Series B1, 5.00%, 07/01/27 | 215 | 242218 |
| Metropolitan Water District of Southern California RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 125 | 140655 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 | 485 | 545743 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/27 | 55 | 62425 |
| Modesto Irrigation District RB, Series A, 5.00%, 10/01/27 (CALL 10/01/25) | 40 | 42960 |
| Mountain View Los Altos Union High School District/CA GO,Series C, 0.00%, 08/01/27<sup>(a)</sup> | 150 | 133300 |
| Municipal Improvement Corp. of Los Angeles RB, Series B,5.00%, 11/01/27 (Call 11/01/26) | 325 | 359210 |
| Newport Mesa Unified School District GO, 0.00%, 08/01/27 (NPFGC)<sup>(a)</sup> | 215 | 192768 |
| Palo Alto Unified School District GO, 0.00%, 08/01/27<sup>(a)</sup> | 130 | 117181 |
| Pasadena Area Community College District GO, 4.00%, 08/01/27 | 400 | 433554 |
| Poway Unified School District GO, 0.00%, 08/01/27<sup>(a)</sup> | 400 | 357738 |
| Riverside County Transportation Commission RB 5.00%, 06/01/31 (CALL 12/01/27) | 420 | 476465 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/28 (Call 12/01/27) | 160 | 181797 |
| Riverside Unified School District GO, 4.00%, 08/01/29 (Call 08/01/27) | 85 | 91034 |
| Sacramento Municipal Utility District RB, 5.00%, 08/15/27 | 40 | 45145 |
| San Diego County Regional Airport Authority RB 5.00%, 07/01/27 | 100 | 111941 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 07/01/27) | 475 | 531804 |
| San Diego County Water Authority RB, 5.00%, 05/01/27 (Call 05/01/25) | 110 | 117335 |
| San Diego Unified School District/CA GO 5.00%, 07/01/30 (Call 07/01/27) | 185 | 208155 |
| &nbsp;&nbsp;&nbsp;Series J, 5.00%, 07/01/29 (Call 07/01/27) | 100 | 112531 |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue RB 5.00%, 07/01/29 (Call 07/01/27) | 190 | 213382 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/29 (Call 07/01/27) | 100 | 112306 |
| San Francisco City & County Airport Commission San Francisco International Airport RB 5.00%, 05/01/27 (Call 05/01/26) | 140 | 152439 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 05/01/27 (Call 05/01/26) | 100 | 108885 |
| San Francisco County Transportation Authority Sales Tax Revenue RB, 4.00%, 02/01/29 (Call 02/01/27) | 255 | 273487 |
| San Jose Unified School District GO 5.00%, 08/01/27 | 150 | 169273 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 0.00%, 08/01/27 (NPFGC)<sup>(a)</sup> | 95 | 84950 |
| San Mateo County Community College District GO Series A, 0.00%, 09/01/27 (NPFGC)<sup>(a)</sup> | 355 | 319004 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 0.00%, 09/01/27 (NPFGC)<sup>(a)</sup> | 100 | 89901 |
| San Mateo Union High School District GO, Series C, 0.00%, 09/01/27 (NPFGC)<sup>(a)</sup> | 170 | 150227 |
| Santa Monica Public Financing Authority RB, 5.00%, 07/01/31 (Call 07/01/27) | 65 | 72839 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Par* <br> *(000)* |
| **California (continued)** |  |  |
| Southern California Public Power Authority, 4.00%, 07/01/27 (Call 01/01/25) | $240 | $248675 |
| Southern California Public Power Authority RB, Series C,5.00%, 07/01/27 (Call 01/01/25) | 130 | 137312 |
| State of California, 4.00%, 09/01/27 | 200 | 216866 |
| State of California Department of Water Resources RB 5.00%, 12/01/28 (Call 12/01/27) | 130 | 148201 |
| &nbsp;&nbsp;&nbsp;Series AX, 5.00%, 12/01/27 | 220 | 250736 |
| &nbsp;&nbsp;&nbsp;Series BB, 5.00%, 12/01/27 | 105 | 119670 |
| State of California GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/27 (Call 08/01/26) | 45 | 47940 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/27 | 410 | 458331 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 1195 | 1346893 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 205 | 225247 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 (Call 09/01/26) | 100 | 110106 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 850 | 961919 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | 1145 | 1298379 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 | 310 | 352237 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/27) | 385 | 433803 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/28 (Call 11/01/27) | 490 | 555345 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/27) | 450 | 505939 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/30 (Call 08/01/27) | 1135 | 1275465 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/30 (Call 11/01/27) | 680 | 768547 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/31 (Call 11/01/27) | 480 | 542099 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/27 | 250 | 283489 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/27 (Call 08/01/26) | 580 | 637285 |
| Sunnyvale Financing Authority RB, 4.00%, 04/01/27 | 100 | 107153 |
| University of California, 5.00%, 05/15/27 | 110 | 123530 |
| University of California RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/28 (Call 05/15/27) | 150 | 168625 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/29 (Call 05/15/27) | 125 | 140461 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/30 (CALL 05/15/27) | 305 | 342120 |
| &nbsp;&nbsp;&nbsp;Series AO, 5.00%, 05/15/27 (Call 05/15/25) | 180 | 192124 |
| &nbsp;&nbsp;&nbsp;Series AY, 5.00%, 05/15/30 (Call 05/15/27) | 835 | 936623 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 05/15/27 (Call 05/15/25) | 345 | 368078 |
| West Valley-Mission Community College District GO, Series B,5.00%, 08/01/27 (Call 08/01/25) | 75 | 80457 |
| Western Municipal Water District Facilities Authority RB,5.00%, 10/01/27 | 175 | 197959 |
|  |  | 33636805 |
| **Colorado — 1.1%** |  |  |
| Adams & Arapahoe Joint School District 28J Aurora, 5.00%, 12/01/27 (SAW) | 150 | 169258 |
| Board of Governors of Colorado State University System RB,5.00%, 03/01/27 (ST HGR ED INTERCEPT PROG) | 125 | 138259 |
| City & County of Denver Co. Airport System Revenue RB 5.00%, 11/15/27 | 605 | 681978 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/27 | 45 | 50645 |
| City & County of Denver Co. GO, 5.00%, 08/01/27 | 155 | 174276 |
| City of Colorado Springs Co. Utilities System Revenue RB,5.00%, 11/15/27 | 320 | 361492 |
| Colorado Health Facilities Authority, 5.00%, 11/01/27 | 200 | 218721 |
| Denver City & County School District No. 1, 5.50%, 12/01/28 (Call 12/01/27) (SAW) | 250 | 287796 |
| Denver City & County School District No. 1 GO 5.50%, 12/01/29 (Call 12/01/27) (SAW) | 150 | 172529 |
| &nbsp;&nbsp;&nbsp;5.50%, 12/01/30 (Call 12/01/27) (SAW) | 100 | 115019 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 12/01/27 (SAW) | 200 | 217035 |
| State of Colorado COP, Series K, 5.00%, 03/15/27 | 175 | 193153 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Colorado (continued)** |  |  |
| Weld County School District No. 6 Greeley GO, 5.00%, 12/01/27 (SAW) | $85 | $96121 |
|  |  | 2876282 |
| **Connecticut — 1.9%** |  |  |
| City of Danbury CT GO, 5.00%, 11/01/27 (CALL 11/01/26) | 50 | 55029 |
| State of Connecticut Clean Water Fund - State Revolving Fund RB, Series A, 5.00%, 05/01/29 (Call 05/01/27) | 180 | 200675 |
| State of Connecticut GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/27 | 50 | 53393 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/27 | 520 | 581221 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/27 (Call 08/15/26) | 225 | 246013 |
| &nbsp;&nbsp;&nbsp;Series 2021 A, 4.00%, 01/15/27 | 545 | 578760 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/15/29 (Call 04/15/27) | 325 | 360037 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 06/01/27 | 210 | 224249 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/15/27 (Call 06/15/25) | 215 | 228358 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 09/15/27 | 100 | 112200 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 11/15/27 (Call 11/15/25) | 815 | 874373 |
| State of Connecticut Special Tax Revenue RB 5.00%, 09/01/27 (Call 09/01/26) | 225 | 246757 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/27 | 105 | 116024 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/27 | 415 | 462188 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 | 170 | 191174 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/27 | 200 | 225342 |
| University of Connecticut, 5.00%, 11/01/27 | 65 | 73049 |
|  |  | 4828842 |
| **Delaware — 0.8%** |  |  |
| County of New Castle, 5.00%, 04/01/27 | 100 | 111533 |
| Delaware Transportation Authority RB 5.00%, 07/01/27 | 330 | 370292 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 65 | 71167 |
| State of Delaware GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 | 330 | 366716 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 55 | 61740 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/27 | 530 | 587748 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/27 | 110 | 122239 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/27 (Call 07/01/26) | 365 | 399375 |
|  |  | 2090810 |
| **District of Columbia — 2.0%** |  |  |
| District of Columbia GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/29 (Call 06/01/27) | 250 | 279346 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/27 | 160 | 181161 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/27 | 535 | 600056 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/27 | 375 | 417180 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 06/01/27 (Call 12/01/26) | 290 | 320031 |
| District of Columbia RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27. | 100 | 112594 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/27 | 460 | 512405 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 | 395 | 446070 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/01/27 | 85 | 95068 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/27 | 410 | 463009 |
| District of Columbia Water & Sewer Authority RB Series A, 5.00%, 10/01/27 (Call 10/01/25) | 125 | 134093 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 | 160 | 180231 |
| Metropolitan Washington Airports Authority Aviation Revenue |  |  |
| &nbsp;&nbsp;&nbsp;RB, 5.00%, 10/01/27 | 135 | 151751 |
| Washington Metropolitan Area Transit Authority RB 5.00%, 07/01/27 | 80 | 89338 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 07/01/27) | 340 | 377478 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/30 (Call 07/01/27) | 110 | 121078 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/27 | 360 | 402384 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **District of Columbia (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 07/01/29 (Call 07/01/27) | $120 | $132314 |
|  |  | 5015587 |
| **Florida — 2.3%** |  |  |
| Broward County FL Water & Sewer Utility Revenue RB, 5.00%, 10/01/27 (Call 10/01/25) | 180 | 192418 |
| City of Miami Beach FL Stormwater Revenue RB, 5.00%, 09/01/27 | 115 | 128650 |
| County of Miami-Dade FL Aviation Revenue RB, 5.00%, 10/01/27 (Call 10/01/26) | 160 | 174877 |
| County of Miami-Dade FL GO, Series A, 5.00%, 07/01/27 | 100 | 111672 |
| County of Miami-Dade FL Water & Sewer System Revenue RB 5.00%, 10/01/27. | 180 | 201910 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 | 280 | 314082 |
| Florida Department of Environmental Protection RB Series A, 5.00%, 07/01/27 | 185 | 206429 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 (Call 07/01/26) | 175 | 190938 |
| Florida Department of Management Services RB, Series A, 3.00%, 09/01/31 (Call 09/01/27). | 100 | 101514 |
| Hillsborough County Aviation Authority RB, 5.00%, 10/01/27 | 200 | 224816 |
| Hillsborough County School Board COP, Series B, 5.00%, 07/01/27 | 30 | 33169 |
| Orlando Utilities Commission RB, 5.00%, 10/01/27 | 350 | 393593 |
| Palm Beach County School District, 5.00%, 08/01/27 | 200 | 222779 |
| Palm Beach County School District COP 5.00%, 08/01/27 | 105 | 116959 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 | 195 | 217210 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/27 | 115 | 128098 |
| School Board of Miami-Dade County (The), 5.00%, 05/01/27 (Call 05/01/25) (AGM) | 175 | 184712 |
| School Board of Miami-Dade County (The) GO, 5.00%, 03/15/27 | 80 | 88464 |
| School District of Broward County/FL GO, 5.00%, 07/01/27 | 135 | 150216 |
| State of Florida, 5.00%, 07/01/27 | 215 | 241540 |
| State of Florida Department of Transportation RB, 5.00%, 07/01/27 | 295 | 329960 |
| State of Florida Department of Transportation Turnpike System RB Series A, 5.00%, 07/01/27 | 275 | 307591 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/29 (Call 07/01/27) | 215 | 240687 |
| State of Florida GO 5.00%, 06/01/27 | 55 | 61640 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27. | 35 | 39321 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 55 | 60199 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (CALL 07/01/27) | 255 | 286524 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 | 60 | 67407 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/30 (Call 06/01/27) | 125 | 139702 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/27 | 180 | 201729 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/27 | 130 | 145693 |
| State of Florida Lottery Revenue RB 5.00%, 07/01/27 (CALL 07/01/26) | 198 | 215896 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 | 173 | 193270 |
|  |  | 5913665 |
| **Georgia — 2.2%** |  |  |
| City of Atlanta GA, 5.00%, 12/01/27 | 60 | 67880 |
| City of Atlanta GA Department of Aviation RB 5.00%, 07/01/27 | 100 | 111762 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 | 195 | 217935 |
| City of Atlanta GA Water & Wastewater Revenue RB Series A, 5.00%, 11/01/31 (Call 11/01/27) | 125 | 140330 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/29 (Call 11/01/27) | 120 | 135037 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/28 (Call 11/01/27) | 225 | 253376 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Georgia (continued)** |  |  |
| County of Columbia GA GO, 5.00%, 01/01/27 | $40 | $44358 |
| Georgia Ports Authority RB, 5.00%, 07/01/27 | 765 | 856688 |
| Georgia State Road & Tollway Authority RB, 5.00%, 06/01/27 | 375 | 418291 |
| Gwinnett County Water & Sewerage Authority RB, 5.00%, 08/01/27 | 605 | 680514 |
| Metropolitan Atlanta Rapid Transit Authority RB 5.00%, 07/01/27 (Call 07/01/26) | 180 | 196924 |
| &nbsp;&nbsp;&nbsp;Series A, 5.25%, 07/01/27 (NPFGC) | 100 | 113033 |
| &nbsp;&nbsp;&nbsp;Series D, 4.00%, 07/01/27 | 285 | 306593 |
| State of Georgia GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/28 (Call 02/01/27) | 275 | 305619 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 01/01/27) | 720 | 798465 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/29 (Call 02/01/27) | 175 | 194434 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/27 (Call 02/01/26) | 80 | 86719 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 | 185 | 208006 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/29 (Call 07/01/27) | 225 | 252387 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 12/01/27 (Call 12/01/26) | 175 | 193686 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 07/01/27 (Call 01/01/27) | 95 | 105338 |
|  |  | 5687375 |
| **Hawaii — 1.6%** |  |  |
| City & County Honolulu HI Wastewater System Revenue RB 5.00%, 07/01/27 (CALL 07/01/26) | 340 | 370731 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 (Call 07/01/25) | 285 | 303555 |
| City & County of Honolulu HI GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 355 | 397548 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 | 175 | 196745 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 125 | 140806 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 (Call 10/01/25) | 150 | 160389 |
| &nbsp;&nbsp;&nbsp;Series C, 4.00%, 08/01/27 | 245 | 264456 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 09/01/31 (Call 09/01/27) | 230 | 257619 |
| County of Hawaii HI GO, 5.00%, 09/01/27 (Call 03/01/26) | 100 | 108354 |
| County of Maui HI, 5.00%, 03/01/27 | 135 | 149709 |
| State of Hawaii GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/27 (Call 04/01/26) | 110 | 119398 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 205 | 230436 |
| &nbsp;&nbsp;&nbsp;Series FE, 5.00%, 10/01/27 (Call 10/01/26) | 445 | 488941 |
| &nbsp;&nbsp;&nbsp;Series FH, 5.00%, 10/01/27 (Call 10/01/26) | 120 | 131849 |
| &nbsp;&nbsp;&nbsp;Series FK, 5.00%, 05/01/28 (Call 05/01/27) | 200 | 222655 |
| &nbsp;&nbsp;&nbsp;Series FN, 5.00%, 10/01/30 (Call 10/01/27) | 460 | 515774 |
|  |  | 4058965 |
| **Idaho — 0.2%** |  |  |
| Idaho Housing & Finance Association RB, Series A, 5.00%, 07/15/27 | 435 | 483091 |
| **Illinois — 3.4%** |  |  |
| Chicago O'Hare International Airport RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 (Call 01/01/27) | 125 | 137446 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/27 (Call 01/01/25) | 225 | 236108 |
| Chicago Transit Authority Capital Grant Receipts Revenue RB,5.00%, 06/01/27 | 100 | 108610 |
| Illinois Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/27 | 140 | 154588 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 460 | 513898 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/29 (Call 01/01/27) | 845 | 931982 |
| Illinois State Toll Highway Authority RB 5.00%, 01/01/27 | 200 | 220998 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/27 | 230 | 254148 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/27 | 590 | 651944 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/27 (Call 07/01/26) | 125 | 136078 |
| Lake County School District No. 112 North Shore GO, 5.00%, 06/01/27 | 110 | 121500 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Illinois (continued)** |  |  |
| Metropolitan Water Reclamation District of Greater Chicago GO, 5.00%, 12/01/27 (CALL 12/01/26) | $175 | $191905 |
| Sales Tax Securitization Corp. RB, 5.00%, 01/01/27 | 140 | 152065 |
| State of Illinois GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 | 195 | 208555 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/27 | 215 | 230151 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 100 | 105724 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 460 | 495342 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/27 | 345 | 369312 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/27 | 400 | 431396 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 03/01/27 | 255 | 273035 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/27 | 160 | 172158 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/27 | 1210 | 1303974 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/28 (Call 11/01/27) | 1000 | 1072583 |
| State of Illinois Sales Tax Revenue RB, Series C, 5.00%, 06/15/27 | 200 | 212683 |
|  |  | 8686183 |
| **Indiana — 0.9%** |  |  |
| Indiana Finance Authority, 5.00%, 02/01/27 | 125 | 138604 |
| Indiana Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 | 365 | 404426 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 400 | 448104 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/27 (Call 12/01/26) | 510 | 563208 |
| Indiana University RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/27 | 100 | 107186 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (CALL 08/01/27) | 165 | 184683 |
| Indianapolis Local Public Improvement Bond Bank RB, |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/15/29 (Call 01/15/27) | 375 | 413204 |
|  |  | 2259415 |
| **Iowa — 0.2%** |  |  |
| City of Des Moines IA GO, 5.00%, 06/01/27 | 135 | 150644 |
| Iowa Finance Authority, 5.00%, 08/01/27 (Call 08/01/25) | 115 | 122655 |
| Iowa Finance Authority RB, 5.00%, 08/01/30 (Call 08/01/27) | 125 | 139786 |
|  |  | 413085 |
| **Kansas — 0.6%** |  |  |
| County of Johnson KS GO, 5.00%, 09/01/27 | 180 | 202116 |
| State of Kansas Department of Transportation, 5.00%, 09/01/30 (Call 09/01/27) | 150 | 167911 |
| State of Kansas Department of Transportation RB 5.00%, 09/01/27 (Call 09/01/25) | 640 | 683644 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/28 (Call 09/01/27) | 445 | 498660 |
|  |  | 1552331 |
| **Kentucky — 0.1%** |  |  |
| Louisville/Jefferson County Metropolitan Government GO,Series A, 5.00%, 04/01/27 | 150 | 166983 |
| **Louisiana — 0.9%** |  |  |
| State of Louisiana, 5.00%, 10/01/29 (Call 10/01/27) | 190 | 213607 |
| State of Louisiana Gasoline & Fuels Tax Revenue RB,Series B, 5.00%, 05/01/27 | 200 | 222827 |
| State of Louisiana GO 5.00%, 03/01/27 | 200 | 221957 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 (Call 09/01/26) | 240 | 263430 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/28 (Call 04/01/27) | 145 | 161288 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/27 | 225 | 249701 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/27 (Call 08/01/26) | 320 | 350756 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 | 95 | 106922 |
| State of Louisiana RB, 5.00%, 09/01/27 | 585 | 655519 |
|  |  | 2446007 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Maine — 0.6%** |  |  |
| Maine Municipal Bond Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | $465 | $522580 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 11/01/26) | 295 | 323887 |
| State of Maine GO, 5.00%, 06/01/27 | 610 | 683101 |
|  |  | 1529568 |
| **Maryland — 4.6%** |  |  |
| City of Baltimore MD GO, Series A, 5.00%, 10/15/27 | 120 | 135354 |
| City of Baltimore MD RB, Series B, 5.00%, 07/01/31 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 01/01/27) | 100 | 109958 |
| County of Anne Arundel MD, 5.00%, 04/01/27 | 250 | 278940 |
| County of Anne Arundel MD GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/27 | 200 | 223152 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 235 | 265383 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/27) | 100 | 112878 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/29 (Call 10/01/27) | 255 | 287649 |
| County of Baltimore MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 (Call 02/01/26) | 165 | 178907 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/27 | 220 | 244972 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 215 | 241836 |
| County of Charles MD GO, 5.00%, 10/01/27 | 100 | 112929 |
| County of Howard MD, 5.00%, 02/15/27 | 650 | 723003 |
| County of Howard MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/30 (Call 02/15/27) | 160 | 177802 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/28 (Call 02/15/27) | 310 | 344832 |
| &nbsp;&nbsp;&nbsp;County of Montgomery MD GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/01/27 | 420 | 455363 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/01/28 (CALL 11/01/27) | 165 | 178874 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 185 | 208091 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/27) | 115 | 129810 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/27 | 195 | 220649 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/27 | 150 | 169394 |
| County of Prince George's MD GO, 3.00%, 09/15/27 | 50 | 51112 |
| County of Prince George's MD GOL, Series A, 5.00%, 07/15/27 | 745 | 837086 |
| State of Maryland Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 09/01/27 | 85 | 91679 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 | 120 | 135190 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 450 | 507967 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 (Call 10/01/26) | 290 | 318570 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 | 90 | 101996 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 12/01/26) | 110 | 121106 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/27) | 345 | 387081 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/27) | 175 | 196708 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/30 (Call 09/01/27) | 350 | 392279 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/27 | 280 | 316068 |
| State of Maryland GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 615 | 691762 |
| Second Series, 5.00%, 08/01/27 | 270 | 303700 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/27 | 360 | 401241 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 | 325 | 365565 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 03/15/27) | 570 | 635291 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 (Call 08/01/27) | 150 | 168671 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/29 (CALL 08/01/27) | 465 | 522591 |
| Washington Suburban Sanitary Commission, 5.00%, 06/01/27 (GTD) | 185 | 207251 |
| Washington Suburban Sanitary Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 06/01/27 (GTD) | 100 | 102492 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (Call 06/15/27) (GTD) | 115 | 128927 |
|  |  | 11784109 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Massachusetts — 2.4%** |  |  |
| City of Boston MA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/27 | $525 | $585774 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | 115 | 130126 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/27 | 90 | 100621 |
| Commonwealth of Massachusetts Federal Highway Grant |  |  |
| Anticipation Note Revenue RB, Series A, 5.00%, 06/15/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 06/15/26) | 115 | 125634 |
| Commonwealth of Massachusetts GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/27 | 185 | 205084 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 | 535 | 602723 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/27 | 180 | 201977 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/01/27 | 355 | 396742 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/27 | 390 | 437617 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 11/01/27 | 285 | 322350 |
| &nbsp;&nbsp;&nbsp;Series G, 5.00%, 09/01/27 | 285 | 321077 |
| Commonwealth of Massachusetts Transportation Fund |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB, Series A, 5.00%, 06/01/30 (Call 12/01/27) | 100 | 112416 |
| Massachusetts Bay Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 | 555 | 621519 |
| &nbsp;&nbsp;&nbsp;Series A-2, 5.00%, 07/01/28 (Call 07/01/27) | 110 | 122958 |
| Massachusetts Clean Water Trust (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 | 720 | 800108 |
| &nbsp;&nbsp;&nbsp;5.25%, 08/01/27 | 20 | 22719 |
| Massachusetts School Building Authority RB, Series C, 5.00%, 08/15/27 (Call 08/15/25) | 245 | 262218 |
| Massachusetts Transportation Trust Fund Metropolitan |  |  |
| &nbsp;&nbsp;&nbsp;Highway System Revenue, 5.00%, 01/01/27 | 200 | 219343 |
| Massachusetts Transportation Trust Fund Metropolitan |  |  |
| &nbsp;&nbsp;&nbsp;Highway System Revenue RB, 5.00%, 01/01/27 | 305 | 337506 |
| Massachusetts Water Resources Authority RB, Series B, 5.00%, 08/01/29 (Call 08/01/27). | 135 | 151412 |
| University of Massachusetts Building Authority RB, 5.00%, 11/01/27 | 60 | 67689 |
|  |  | 6147613 |
| **Michigan — 1.4%** |  |  |
| Michigan Finance Authority RB, 5.00%, 12/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 06/01/27) | 275 | 303657 |
| Michigan State Building Authority, 5.00%, 04/15/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 10/15/25) | 210 | 225100 |
| Michigan State Building Authority RB, 5.00%, 10/15/27 | 645 | 723225 |
| State of Michigan, 5.00%, 05/01/27 | 175 | 195125 |
| State of Michigan RB, 5.00%, 03/15/27 | 1010 | 1121063 |
| State of Michigan Trunk Line Revenue RB, Series B, 5.00%, 11/15/27 | 440 | 498767 |
| University of Michigan RB, Series A, 5.00%, 04/01/29 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 04/01/27) | 195 | 216335 |
| Wayne County Airport Authority RB, 5.00%, 12/01/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 12/01/25) | 200 | 214514 |
|  |  | 3497786 |
| **Minnesota — 1.7%** |  |  |
| City of Minneapolis MN GO, 5.00%, 12/01/27 | 75 | 84997 |
| County of Hennepin MN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 | 330 | 373986 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/29 (Call 12/01/27) | 120 | 135867 |
| Metropolitan Council GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 03/01/27 (Call 03/01/26) | 200 | 211009 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 | 160 | 181327 |
| Minneapolis-St Paul Metropolitan Airports Commission RB, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/28 (Call 01/01/27) | 100 | 110114 |
| Minnesota Public Facilities Authority RB, 5.00%, 03/01/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 03/01/26) | 215 | 233095 |
| State of Minnesota, 5.00%, 08/01/27 | 280 | 314820 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Minnesota (continued)** |  |  |
| State of Minnesota GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | $445 | $500340 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/27) | 185 | 208473 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 (Call 10/01/27) | 460 | 518366 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/31 (Call 10/01/27) | 140 | 157424 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 10/01/27) | 100 | 112688 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 08/01/27 (Call 08/01/26) | 265 | 290282 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 10/01/27 | 160 | 180383 |
| University of Minnesota, 5.00%, 12/01/27 | 170 | 191992 |
| University of Minnesota RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 | 75 | 84215 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 12/01/27) | 180 | 203074 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/29 (Call 12/01/27) | 215 | 242374 |
|  |  | 4334826 |
| **Mississippi — 0.8%** |  |  |
| State of Mississippi GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 (Call 10/01/27) | 400 | 449618 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/32 (PR 10/01/27) | 325 | 366248 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/34 (PR 10/01/27) | 1000 | 1126918 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/27 (PR 10/01/25) | 90 | 96499 |
|  |  | 2039283 |
| **Missouri — 0.6%** |  |  |
| Metropolitan St Louis Sewer District RB, Series A, 5.00%, 05/01/28 (Call 05/01/27) | 290 | 323814 |
| Missouri State Board of Public Buildings GO, 5.00%, 10/01/27 | 885 | 997323 |
| Missouri State Board of Public Buildings RB, 5.00%, 04/01/27 (Call 04/01/26) | 100 | 108704 |
| Missouri State Environmental Improvement & Energy Resources Authority RB, 5.00%, 01/01/27 (Call 07/01/25) | 45 | 47864 |
|  |  | 1477705 |
| **Montana — 0.1%** |  |  |
| State of Montana, 5.00%, 08/01/27 | 225 | 252981 |
| **Nebraska — 0.6%** |  |  |
| City of Lincoln NE Electric System Revenue RB, 5.00%, 09/01/27 (Call 03/01/27) | 335 | 371308 |
| Nebraska Public Power District RB 5.00%, 01/01/27 | 175 | 192200 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/27 (Call 01/01/26) | 145 | 155621 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/28 (Call 01/01/27) | 50 | 54880 |
| Omaha Public Power District RB 5.00%, 02/01/27 (Call 02/01/26) | 470 | 507796 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/30 (Call 12/01/27) | 165 | 185981 |
| University of Nebraska Facilities Corp. RB, 5.00%, 07/15/27 | 160 | 179632 |
|  |  | 1647418 |
| **Nevada — 2.4%** |  |  |
| Clark County School District, 5.00%, 06/15/27 (Call 12/15/25) | 190 | 203845 |
| Clark County School District GOL 5.00%, 06/15/27 | 125 | 139006 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/27 (Call 12/15/26) | 500 | 550733 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/15/27 (Call 12/15/25) | 315 | 338045 |
| County of Clark NV, 5.00%, 07/01/27 | 150 | 166974 |
| County of Clark NV GOL |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/01/31 (Call 11/01/27) | 160 | 170822 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 | 25 | 27886 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/25) | 500 | 532066 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | 240 | 270295 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 | 70 | 78987 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/27 (Call 11/01/26) | 75 | 82543 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Nevada (continued)** |  |  |
| County of Clark NV Passenger Facility Charge RB, Series C,5.00%, 07/01/27 | $305 | $340873 |
| County of Clark NV RB 5.00%, 07/01/27 | 565 | 630183 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/30 (Call 07/01/27) | 85 | 94581 |
| County of Washoe NV Gas Tax Revenue RB, 5.00%, 02/01/27 | 215 | 236664 |
| County of Washoe NV RB, 5.00%, 02/01/27 | 35 | 38526 |
| Las Vegas Valley Water District GO, 5.00%, 06/01/27 | 140 | 156223 |
| Las Vegas Valley Water District GOL 5.00%, 02/01/29 (Call 02/01/27) | 85 | 94010 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 (Call 06/01/25) | 335 | 355754 |
| State of Nevada GOL 5.00%, 08/01/27 | 175 | 196283 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 04/01/27 (Call 04/01/25) | 375 | 397095 |
| State of Nevada Highway Improvement Revenue RB 5.00%, 12/01/27 | 100 | 112594 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 06/01/26) | 490 | 533052 |
| Washoe County School District/NV GOL 5.00%, 04/01/27 | 125 | 138364 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 150 | 167905 |
|  |  | 6053309 |
| **New Hampshire — 0.4%** |  |  |
| New Hampshire Municipal Bond Bank RB 4.00%, 08/15/27 (Call 08/15/26) | 200 | 211799 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/27 (ST INTERCEPT) | 80 | 89847 |
| State of New Hampshire GO 5.00%, 03/01/27 (Call 03/01/25). | 35 | 36897 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 | 255 | 288488 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 12/01/30 (Call 12/01/27) | 120 | 129626 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 12/01/27 | 215 | 243235 |
|  |  | 999892 |
| **New Jersey — 2.2%** |  |  |
| County of Essex NJ GO, 4.00%, 08/15/27 (SCH BD RES FD) | 115 | 124210 |
| New Jersey Economic Development Authority, 5.00%, 11/01/27 | 95 | 105093 |
| New Jersey Economic Development Authority RB 5.00%, 06/15/27 | 665 | 730211 |
| &nbsp;&nbsp;&nbsp;5.25%, 06/15/27 (Call 06/15/25) | 200 | 212049 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 11/01/27 (SAP) | 260 | 273469 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/27 | 150 | 165936 |
| New Jersey Educational Facilities Authority, 5.00%, 07/01/27 | 270 | 303330 |
| New Jersey Educational Facilities Authority RB, 5.00%, 03/01/27 | 470 | 523934 |
| New Jersey Transportation Trust Fund Authority RB, Series B,5.00%, 06/15/27 | 535 | 587464 |
| New Jersey Turnpike Authority RB 5.00%, 01/01/27 | 340 | 374756 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/30 (Call 01/01/27) | 115 | 126657 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/29 (Call 01/01/27) | 210 | 231442 |
| &nbsp;&nbsp;&nbsp;Series A, 5.25%, 01/01/27 (AGM) | 365 | 406581 |
| State of New Jersey GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 | 10 | 11128 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/25) | 45 | 47782 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 06/01/27) | 260 | 289169 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 | 1065 | 1185150 |
|  |  | 5698361 |
| **New Mexico — 0.4%** |  |  |
| New Mexico Finance Authority RB 5.00%, 06/01/27 | 225 | 250975 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 | 35 | 39041 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **New Mexico (continued)** |  |  |
| State of New Mexico GO, 5.00%, 03/01/27 | $150 | $166653 |
| State of New Mexico Severance Tax Permanent Fund RB,5.00%, 07/01/27 | 530 | 593285 |
|  |  | 1049954 |
| **New York — 10.9%** |  |  |
| City of New York |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 80 | 89802 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 90 | 98015 |
| City of New York NY GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 450 | 505139 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 02/01/27) | 360 | 399996 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | 440 | 496600 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 08/01/27 | 180 | 202056 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 08/01/29 (Call 08/01/27) | 300 | 336471 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 | 455 | 510751 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 (Call 08/01/27) | 495 | 556613 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 08/01/27 | 200 | 224506 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/27 (Call 02/01/26) | 175 | 188387 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/28 (Call 02/01/27) | 340 | 377808 |
| County of Nassau NY GOL, 5.00%, 07/01/27 (AGM) | 400 | 447404 |
| Hudson Yards Infrastructure Corp. RB Series A, 5.00%, 02/15/27 | 320 | 354500 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/29 (Call 02/15/27) | 220 | 242943 |
| Long Island Power Authority RB, Series A, 5.00%, 09/01/27 | 300 | 337277 |
| Metropolitan Transportation Authority, 5.00%, 11/15/27 (Call 11/15/26) | 100 | 109323 |
| Metropolitan Transportation Authority RB 5.00%, 11/15/27 | 125 | 139921 |
| &nbsp;&nbsp;&nbsp;Series A-2, 5.00%, 11/15/27 (Call 11/15/26) | 50 | 52676 |
| &nbsp;&nbsp;&nbsp;Series B-2, 5.00%, 11/15/27 (CALL 11/15/26) | 180 | 196782 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/27 | 250 | 269166 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/27 (Call 11/15/25) | 70 | 72205 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C-2, 0.00%, 11/15/27<sup>(a)</sup> | 375 | 319797 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/15/27 (Call 11/15/26) | 305 | 321320 |
| New York City Municipal Water Finance Authority RB 5.00%, 06/15/27 (Call 12/15/25) | 750 | 809205 |
| &nbsp;&nbsp;&nbsp;Series DD-2, 5.00%, 06/15/27 (Call 12/15/25) | 595 | 641970 |
| New York City Transitional Finance Authority Building Aid Revenue RB 5.00%, 07/15/28 (Call 07/15/27) (SAW) | 300 | 334824 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/31 (Call 07/15/27) (SAW) | 410 | 456523 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 07/15/27 (SAW) | 235 | 263728 |
| &nbsp;&nbsp;&nbsp;Series S-1, 5.00%, 07/15/29 (Call 07/15/27) (SAW) | 290 | 323364 |
| &nbsp;&nbsp;&nbsp;Series S-3, 5.00%, 07/15/27 (SAW) | 345 | 387175 |
| &nbsp;&nbsp;&nbsp;Series S-4A, 5.00%, 07/15/27 (SAW) | 150 | 168337 |
| New York City Transitional Finance Authority Future Tax Secured Revenue, 5.00%, 11/01/30 (Call 05/01/27) | 555 | 615696 |
| New York City Transitional Finance Authority Future Tax Secured Revenue RB 4.00%, 05/01/27 | 65 | 69878 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 | 300 | 339315 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 05/01/27) | 305 | 340022 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/29 (Call 11/01/27) | 190 | 213718 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/31 (Call 08/01/27) | 145 | 161670 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/28 (Call 08/01/27) | 190 | 212869 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/29 (Call 08/01/27) | 275 | 307555 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/30 (Call 08/01/27) | 125 | 139502 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/27 (Call 05/01/25) | 505 | 534049 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/29 (Call 05/01/27) | 395 | 439184 |
| New York City Water & Sewer System RB 5.00%, 06/15/27 (PR 06/15/25) | 125 | 132930 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **New York (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series AA, 5.00%, 06/15/27 | $605 | $678678 |
| &nbsp;&nbsp;&nbsp;Series BB-2, 5.00%, 06/15/31 (Call 06/15/27) | 285 | 317033 |
| &nbsp;&nbsp;&nbsp;Series FF, 5.00%, 06/15/27 (PR 06/15/25) | 80 | 85075 |
| New York Power Authority RB, 5.00%, 11/15/27 (AGM) | 500 | 566781 |
| New York State Dormitory Authority 5.00%, 03/15/27 | 155 | 172432 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/27 (ETM) | 85 | 94594 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 185 | 207339 |
| New York State Dormitory Authority RB 5.00%, 03/15/27 | 135 | 150576 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 290 | 323979 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/28 (Call 03/15/27) | 220 | 243914 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/30 (Call 03/15/27) | 390 | 430989 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/27 (PR 08/15/26) | 140 | 154101 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/27 | 720 | 801026 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/27 (PR 09/15/26) | 90 | 99142 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 (Call 07/01/25) | 215 | 227903 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/29 (Call 02/15/27) | 595 | 658504 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/30 (Call 02/15/27) | 535 | 591683 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/27 | 165 | 183799 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/27 (PR 02/15/25) | 135 | 142551 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 03/15/27 (PR 09/15/25) | 370 | 396185 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/28 (Call 08/15/27) | 125 | 139957 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/31 (Call 08/15/27) | 250 | 279432 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/27 (PR 08/15/26) | 340 | 373756 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 03/15/27 | 450 | 501919 |
| New York State Environmental Facilities Corp. RB 5.00%, 06/15/27 | 260 | 291547 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/27 (CALL 06/15/26) | 130 | 141997 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/27 | 150 | 169551 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/29 (Call 06/15/27) | 905 | 1010912 |
| New York State Thruway Authority RB, 5.00%, 01/01/27 | 155 | 171335 |
| New York State Urban Development Corp. RB 5.00%, 03/15/27 | 190 | 211528 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/27 (PR 03/15/26) | 625 | 677648 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 03/15/27) | 710 | 787472 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/29 (Call 03/15/27) | 315 | 348864 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/15/31 (Call 09/15/27) | 150 | 167534 |
| Port Authority of New York & New Jersey RB 4.00%, 12/01/27 | 85 | 92118 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/31 (Call 11/15/27) | 260 | 292374 |
| State of New York GO, Series A, 5.00%, 03/01/27 | 55 | 61289 |
| Triborough Bridge & Tunnel Authority RB 5.00%, 11/15/27 (Call 08/15/27) | 365 | 409644 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/27 (Call 05/15/27) | 330 | 366801 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/31 (Call 05/15/27) | 220 | 243526 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/27 | 400 | 450700 |
| Utility Debt Securitization Authority RB, 5.00%, 06/15/27 (Call 06/15/25) | 335 | 356055 |
|  |  | 27813215 |
| **North Carolina — 2.6%** |  |  |
| City of Charlotte NC GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 | 120 | 134433 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 | 425 | 476118 |
| City of Charlotte NC Water & Sewer System Revenue RB 5.00%, 07/01/27 | 120 | 134705 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/25) | 795 | 849373 |
| County of Forsyth NC RB, 5.00%, 04/01/27 | 120 | 133587 |
| County of Guilford NC, 5.00%, 03/01/27 | 100 | 111351 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **North Carolina (continued)** |  |  |
| County of Guilford NC GO |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/27 | $175 | $195653 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/28 (Call 05/01/27) | 100 | 111833 |
| County of Mecklenburg NC GO 5.00%, 03/01/27 | 220 | 244972 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/27 | 45 | 50209 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/28 (Call 04/01/27) | 340 | 379485 |
| County of Union NC Enterprise System Revenue RB, 5.00%, 06/01/27 | 200 | 223528 |
| County of Wake NC, 5.00%, 08/01/27 | 695 | 779842 |
| County of Wake NC GO, 5.00%, 04/01/27 | 175 | 195258 |
| County of Wake NC RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/27 | 160 | 177764 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 | 40 | 44970 |
| Mecklenburg County Public Facilities Corp. RB, 5.00%, 02/01/27 | 110 | 121971 |
| North Carolina Municipal Power Agency No. 1 RB, Series A,5.00%, 01/01/27 (Call 01/01/26) | 120 | 128917 |
| State of North Carolina GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 125 | 136681 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/27 | 195 | 218454 |
| State of North Carolina RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/27 | 360 | 399968 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/30 (Call 05/01/27) | 270 | 300712 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/27 | 515 | 575111 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/28 (Call 05/01/27) | 380 | 424473 |
| Town of Cary NC GO, 5.00%, 09/01/27 | 125 | 140881 |
|  |  | 6690249 |
| **Ohio — 3.1%** |  |  |
| City of Columbus OH GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 04/01/31 (Call 10/01/27) | 115 | 122716 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/27 | 125 | 139364 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 565 | 617041 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/28 (Call 10/01/27) | 310 | 348465 |
| &nbsp;&nbsp;&nbsp;Series 3, 5.00%, 02/15/27 | 260 | 288988 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/27 | 60 | 66895 |
| City of Columbus OH GOL |  |  |
| &nbsp;&nbsp;&nbsp;Series 4, 5.00%, 02/15/27 | 85 | 94477 |
| &nbsp;&nbsp;&nbsp;Series 4, 5.00%, 02/15/28 (Call 02/15/27) | 120 | 133035 |
| County of Hamilton OH Sales Tax Revenue RB, 5.00%, 12/01/27 | 295 | 332152 |
| Ohio State University (The) RB, Series A, 5.00%, 12/01/27 | 440 | 496704 |
| Ohio Turnpike & Infrastructure Commissio'n RB 5.00%, 02/15/27 | 80 | 88690 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/30 (Call 02/15/27) | 200 | 221562 |
| Ohio Water Development Authority 5.00%, 06/01/27 | 135 | 151000 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 12/01/26) | 325 | 358529 |
| Ohio Water Development Authority RB 5.00%, 12/01/27 (Call 12/01/26) | 50 | 55158 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/27 | 320 | 362181 |
| Ohio Water Development Authority Water Pollution Control Loan Fund RB 5.00%, 12/01/27 (Call 06/01/27) | 130 | 145065 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/30 (Call 06/01/27) | 255 | 284326 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/29 (Call 06/01/27) | 245 | 273284 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/29 (Call 06/01/27) | 420 | 468302 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/27 (Call 12/01/25) | 235 | 253071 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/27 | 170 | 192409 |
| State of Ohio GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/27 | 135 | 150156 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Ohio (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/27 | $190 | $211528 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/27 | 300 | 336001 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 | 170 | 191361 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/27 | 145 | 162899 |
| &nbsp;&nbsp;&nbsp;Series T, 5.00%, 05/01/30 (Call 05/01/27) | 285 | 317039 |
| &nbsp;&nbsp;&nbsp;Series U, 5.00%, 05/01/27 | 295 | 329433 |
| State of Ohio RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 (Call 02/01/26) | 320 | 344768 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 12/01/26) | 245 | 269328 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/27 | 35 | 39277 |
|  |  | 7845204 |
| **Oklahoma — 0.3%** |  |  |
| Grand River Dam Authority RB, Series A, 5.00%, 06/01/27 (Call 12/01/26) | 430 | 471869 |
| Oklahoma Turnpike Authority RB Series E, 4.00%, 01/01/31 (Call 01/01/27) | 110 | 115564 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 01/01/27 | 120 | 131983 |
| University of Oklahoma (The) RB, Series B, 5.00%, 07/01/27 (Call 07/01/26) | 100 | 108626 |
|  |  | 828042 |
| **Oregon — 1.9%** |  |  |
| City of Portland OR GOL, 5.00%, 06/01/27 | 625 | 698524 |
| City of Portland OR Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/25) | 165 | 175339 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/27 (CALL 06/15/26) | 100 | 108888 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/27 (Call 05/01/26) | 475 | 516636 |
| County of Multnomah OR GO, Series A, 5.00%, 06/15/27 | 315 | 353081 |
| County of Multnomah OR GOL, 5.00%, 06/01/29 (Call 06/01/27) | 245 | 273284 |
| Hillsboro School District No.1J GO, 5.00%, 06/15/28 (Call 06/15/27) (GTD) | 175 | 195303 |
| Oregon State Lottery RB, Series D, 5.00%, 04/01/27 (Call 04/01/25) (MO) | 130 | 137320 |
| Portland Community College District GO, 5.00%, 06/15/27 (Call 06/15/26) | 330 | 360003 |
| State of Oregon, 5.00%, 11/01/27 | 60 | 67718 |
| State of Oregon Department of Transportation RB Series A, 5.00%, 11/15/27 (Call 05/15/27) | 350 | 389849 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/29 (Call 05/15/27) | 225 | 249353 |
| State of Oregon GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/27 | 370 | 412708 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/27 (Call 05/01/26) | 200 | 217465 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 | 120 | 134117 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/25) | 250 | 266955 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 08/01/28 (Call 08/01/27) | 245 | 274461 |
| &nbsp;&nbsp;&nbsp;Series L, 5.00%, 08/01/30 (Call 08/01/27) | 90 | 100495 |
|  |  | 4931499 |
| **Pennsylvania — 2.4%** |  |  |
| Allegheny County Higher Education Building Authority RB,5.00%, 08/01/27 | 75 | 83916 |
| City of Philadelphia PA GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 (Call 08/01/25) | 250 | 265701 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/27 (Call 08/01/25) | 160 | 170048 |
| Commonwealth of Pennsylvania GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/27 | 655 | 731820 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 200 | 224533 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/15/28 (Call 01/15/27) | 550 | 607486 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 01/01/27 | 365 | 402744 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 02/01/27 (Call 02/01/26) | 175 | 189179 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 09/15/27 (Call 09/15/26) | 345 | 378661 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Pennsylvania (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 01/01/28 (Call 01/01/27) | $860 | $949017 |
| &nbsp;&nbsp;&nbsp;Second Series, 5.00%, 01/15/27 | 100 | 110443 |
| &nbsp;&nbsp;&nbsp;Second Series, 5.00%, 09/15/27 (Call 09/15/26) | 255 | 279880 |
| County of Northampton PA GO, 4.00%, 10/01/27 (Call 04/01/26) | 150 | 158599 |
| Lower Merion School District GOL, 5.00%, 11/15/27 (SAW) | 290 | 327461 |
| Pennsylvania State University (The), 4.00%, 09/01/27 (Call 09/01/26) | 285 | 300678 |
| Pennsylvania State University (The) RB, 5.25%, 08/15/27 | 125 | 141326 |
| Pennsylvania Turnpike Commission RB 5.00%, 06/01/27 | 130 | 143479 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (CALL 12/01/25) | 50 | 53450 |
| &nbsp;&nbsp;&nbsp;Series A2, 5.00%, 12/01/27 | 140 | 157631 |
| &nbsp;&nbsp;&nbsp;Series A2, 5.00%, 12/01/29 (CALL 12/01/27) | 295 | 331408 |
| &nbsp;&nbsp;&nbsp;Series A2, 5.00%, 12/01/30 (Call 12/01/27) | 125 | 140142 |
|  |  | 6147602 |
| **Rhode Island — 0.5%** |  |  |
| Rhode Island Commerce Corp. RB, Series B, 5.00%, 06/15/27 (Call 06/15/26) | 370 | 401505 |
| Rhode Island Health & Educational Building Corp. RB,Series A, 5.00%, 09/01/29 (Call 09/01/27) | 375 | 422579 |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB, Series B, 5.00%, 10/01/30 (Call 10/01/27) | 50 | 56379 |
| State of Rhode Island GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 110 | 123077 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/28 (Call 08/01/27) | 150 | 167850 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/29 (Call 08/01/27) | 25 | 27960 |
|  |  | 1199350 |
| **South Carolina — 0.5%** |  |  |
| City of Charleston SC Waterworks & Sewer System |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/27 | 125 | 138570 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/30 (Call 01/01/27) | 100 | 110610 |
| City of Columbia SC Waterworks & Sewer System Revenue RB, 5.00%, 02/01/27 | 115 | 127515 |
| County of Charleston SC, 4.00%, 11/01/28 (Call 11/01/27) (SAW) | 200 | 216723 |
| State of South Carolina GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/30 (Call 10/01/27) (SAW) | 440 | 497019 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 04/01/31 (Call 10/01/27) (SAW) | 80 | 86284 |
|  |  | 1176721 |
| **Tennessee — 2.6%** |  |  |
| City of Clarksville TN Water Sewer & Gas Revenue RB, 5.00%, 02/01/27 | 140 | 155066 |
| City of Franklin TN GO, 5.00%, 06/01/27 | 235 | 263162 |
| City of Memphis TN Electric System Revenue RB, 5.00%, 12/01/28 (Call 12/01/27) | 145 | 163588 |
| City of Memphis TN GO, 5.00%, 05/01/27 | 480 | 535405 |
| County of Blount TN GO, Series B, 5.00%, 06/01/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 06/01/26) | 100 | 109142 |
| County of Hamilton TN GO, Series A, 5.00%, 04/01/27 | 220 | 245467 |
| County of Montgomery TN GO, 5.00%, 04/01/27 | 175 | 194077 |
| County of Rutherford, 5.00%, 04/01/27 | 210 | 234132 |
| County of Shelby TN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/27 | 210 | 233777 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/29 (Call 04/01/27) | 310 | 344832 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/27 | 140 | 155851 |
| County of Williamson TN GO, 5.00%, 05/01/27 | 500 | 559008 |
| Metropolitan Government of Nashville & Davidson County TN |  |  |
| Electric Revenue RB, Series A, 5.00%, 05/15/27 | 150 | 167143 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Tennessee (continued)** |  |  |
| Metropolitan Government of Nashville & Davidson County TN GO 4.00%, 07/01/27 | $315 | $338179 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/27 (Call 07/01/26) | 410 | 448314 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 | 145 | 162379 |
| Metropolitan Government of Nashville & Davidson County TN 5.00%, 07/01/30 (Call 07/01/27) | 245 | 273250 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/30 (Call 07/01/27) | 195 | 217485 |
| Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue, 5.00%, 07/01/31 (Call 07/01/27) | 180 | 200661 |
| State of Tennessee GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/27 | 105 | 118811 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/27 (Call 08/01/26) | 265 | 290985 |
| Tennessee State School Bond Authority RB 5.00%, 11/01/30 (Call 11/01/27) (ST INTERCEPT) | 125 | 140375 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/31 (Call 11/01/27) (NPFGC) | 315 | 352878 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/27 (ST INTERCEPT) | 445 | 502243 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/28 (Call 11/01/27) (ST INTERCEPT) | 220 | 247745 |
|  |  | 6653955 |
| **Texas — 8.0%** |  |  |
| Alamo Community College District GOL, 5.00%, 08/15/30 (Call 08/15/27) | 175 | 195547 |
| Aldine Independent School District GO, 5.00%, 02/15/31 (Call 02/15/27) (PSF) | 155 | 171074 |
| Arlington Independent School District/TX, 5.00%, 02/15/27 (PSF) | 125 | 138630 |
| Austin Community College District RB, 5.00%, 02/01/27 (Call 02/01/26) | 55 | 59369 |
| Austin Independent School District, 5.00%, 08/01/27 (PSF) | 230 | 257344 |
| Austin Independent School District GO, 5.00%, 08/01/27 (PSF) | 565 | 632170 |
| Board of Regents of the University of Texas System RB 5.00%, 08/15/27 (Call 08/15/26). | 120 | 131960 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 08/15/27 | 325 | 364333 |
| City of Austin TX, 5.00%, 09/01/27 | 195 | 219140 |
| City of Austin TX GOL 5.00%, 09/01/27 | 75 | 84284 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/27) | 110 | 123519 |
| City of Austin TX Water & Wastewater System Revenue RB,5.00%, 11/15/27 | 200 | 225253 |
| City of Dallas TX Waterworks & Sewer System Revenue RB,Series A, 5.00%, 10/01/27 (Call 10/01/26) | 155 | 169560 |
| City of Fort Worth Water & Sewer System Revenue, 5.00%, 02/15/27 | 160 | 176859 |
| City of Houston Combined Utility System Revenue, 0.00%, 12/01/27 (AGM)<sup>(a)</sup> | 215 | 187490 |
| City of Houston TX Combined Utility System Revenue RB,Series B, 5.00%, 11/15/27 | 120 | 134399 |
| City of Plano TX GOL, 5.00%, 09/01/31 (Call 03/01/27) | 100 | 110636 |
| City of San Antonio Texas Electric & Gas Systems Revenue RB, 5.00%, 02/01/27 | 110 | 121526 |
| City of San Antonio TX Electric & Gas Systems Revenue RB,5.00%, 02/01/27 | 75 | 82859 |
| City of San Antonio TX GOL 5.00%, 08/01/27 | 60 | 67051 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/27) | 150 | 167645 |
| Clear Creek Independent School District RB, 5.00%, 02/15/27 (PSF) | 115 | 127351 |
| College Station Independent School District GO, 5.00%, 08/15/27 (Call 08/15/26) | 105 | 114976 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| Conroe Independent School District GO 5.00%, 02/15/27 (Call 02/15/26) (PSF) | $100 | $108144 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/30 (Call 02/15/27) (PSF) | 145 | 160658 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/27 (PSF) | 470 | 521247 |
| County of Fort Bend TX GOL, Series B, 5.00%, 03/01/27 (Call 03/01/26) | 305 | 329627 |
| Cypress-Fairbanks Independent School District GO 5.00%, 02/15/27 | 125 | 138579 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/27 (PSF) | 195 | 216183 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/27 (Call 02/15/26) (PSF) | 625 | 675901 |
| Dallas Area Rapid Transit RB, 5.00%, 12/01/27 | 355 | 400229 |
| Dallas Fort Worth International Airport RB, Series A, 5.00%, 11/01/27 | 185 | 207819 |
| Dallas Independent School District GO, 5.00%, 02/15/27 (PSF) | 100 | 111139 |
| Fort Bend Independent School District GO 4.00%, 08/15/31 (Call 08/15/27) (PSF) | 135 | 143907 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/30 (Call 08/15/27) (PSF) | 115 | 127925 |
| Garland Independent School District GO, 5.00%, 02/15/27 (Call 02/15/25) (PSF) | 160 | 168410 |
| Harris County Flood Control District RB, 5.00%, 10/01/27 (Call 10/01/25) | 350 | 374709 |
| Harris County Toll Road Authority (The) RB, 5.00%, 08/15/27 | 415 | 465511 |
| Katy Independent School District GO, 5.00%, 02/15/27 (PSF) | 105 | 116621 |
| Leander Independent School District GO, 0.00%, 08/15/27 (Call 08/15/25)<sup>(a)</sup> | 150 | 129159 |
| Lewisville Independent School District, 5.00%, 08/15/27 (Call 08/15/26) (PSF) | 200 | 218788 |
| Lewisville Independent School District GO, Series A, 4.00%, 08/15/27 (Call 08/15/25) (PSF) | 285 | 296447 |
| Mesquite Independent School District GO, 5.00%, 08/15/29 (Call 08/15/27) (PSF) | 215 | 240356 |
| North East Independent School District/TX GO, 5.25%, 02/01/27 (PSF) | 235 | 262431 |
| North Texas Municipal Water District, 5.00%, 06/01/27 | 100 | 111720 |
| North Texas Municipal Water District RB, 5.00%, 06/01/27 (Call 06/01/26) | 150 | 163633 |
| North Texas Municipal Water District Upper East Fork |  |  |
| Wastewater Interceptor System Contract Revenue Refunding Bonds RB, 5.00%, 06/01/27 | 70 | 78204 |
| North Texas Municipal Water District Water System Revenue RB 5.00%, 09/01/27 | 405 | 455136 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 (Call 09/01/25) | 120 | 128433 |
| North Texas Tollway Authority RB Series A, 5.00%, 01/01/27 (Call 01/01/26) | 310 | 332583 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/27 (Call 01/01/26) | 195 | 208637 |
| Northside Independent School District GO, Series A, 5.00%, 08/15/27 (PSF) | 100 | 111850 |
| Northside Independent School District RB, 5.00%, 08/15/27 (PSF) | 225 | 251663 |
| Northwest Independent School District GO, 5.00%, 02/15/28 (Call 08/15/27) (PSF) | 145 | 162550 |
| Permanent University Fund - Texas A&M University System RB, Series B, 5.00%, 07/01/27 (Call 07/01/25) | 25 | 26573 |
| Permanent University Fund - University of Texas System RB 5.00%, 07/01/27 | 250 | 279851 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (CALL 07/01/26) | 130 | 142423 |
| Permanent University Fund-Texas A&M University System,5.00%, 07/01/27 (Call 07/01/25) | 55 | 58581 |
| Plano Independent School District RB, 5.00%, 02/15/27 (Call 02/15/26) (PSF) | 160 | 173276 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| Prosper Independent School District GO, 5.00%, 02/15/27 (PSF) | $105 | $116277 |
| Round Rock Independent School District GO, Series A, 5.00%, 08/01/27 (PSF) | 1035 | 1158988 |
| San Antonio Independent School District/TX GO, 5.00%, 08/15/27 (PSF) | 60 | 67303 |
| San Antonio Water System, 5.00%, 05/15/27 (Call 11/15/26) | 255 | 281077 |
| San Antonio Water System RB 5.00%, 05/15/27 | 50 | 55606 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/27 | 170 | 189061 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/30 (Call 05/15/27) | 255 | 283153 |
| Socorro Independent School District GO, Series B, 5.00%, 08/15/30 (Call 08/15/27) (PSF) | 70 | 78123 |
| Spring Independent School District GO, Series A, 5.00%, 08/15/27 (Call 08/15/26) | 155 | 169200 |
| State of Texas GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 | 230 | 257996 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/30 (Call 10/01/27) | 100 | 111956 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/27 (Call 04/01/26) | 60 | 65107 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/30 (Call 10/01/27) | 135 | 151140 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/29 (Call 10/01/27) | 265 | 296801 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/30 (Call 10/01/27) | 445 | 498204 |
| Temple Independent School District/TX GO, 4.00%, 02/01/28 (Call 02/01/27) (PSF) | 100 | 105753 |
| Texas A&M University RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/15/27 (Call 05/15/26) | 150 | 157337 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/15/28 (Call 05/15/27) | 255 | 284436 |
| &nbsp;&nbsp;&nbsp;Series E, 4.00%, 05/15/27 (Call 05/15/26) | 130 | 136233 |
| Texas Public Finance Authority RB, 5.00%, 02/01/27 | 200 | 221199 |
| Texas State University System RB 5.00%, 03/15/27 | 625 | 692166 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/27 (Call 03/15/25) | 260 | 273104 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/30 (Call 03/15/27) | 300 | 328315 |
| Texas Tech University System RB, 5.00%, 02/15/27 | 175 | 193582 |
| Texas Transportation Commission State Highway Fund RB,5.00%, 10/01/27 (CALL 10/01/26) | 100 | 110060 |
| Texas Water Development Board RB 5.00%, 08/01/27 | 150 | 167832 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/27 (Call 10/15/25) | 125 | 134307 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/28 (Call 10/15/27) | 450 | 505902 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/30 (Call 08/01/27) | 410 | 457195 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/31 (Call 08/01/27) | 85 | 94734 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/27 | 150 | 168620 |
| University of North Texas System RB Series A, 5.00%, 04/15/27 | 60 | 66676 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/15/30 (Call 04/15/27) | 315 | 347408 |
|  |  | 20386729 |
| **Utah — 1.1%** |  |  |
| Alpine School District/UT GO, 5.00%, 03/15/27 (GTD) | 290 | 322494 |
| Canyons School District Local Building Authority RB, 5.00%, 06/15/27 | 460 | 514589 |
| Central Utah Water Conservancy District RB, Series B, 5.00%, 10/01/30 (Call 10/01/27) | 250 | 280312 |
| City of Salt Lake City Public Utilities Revenue, 5.00%, 02/01/27 | 105 | 116427 |
| Intermountain Power Agency RB, Series A, 5.00%, 07/01/27 | 130 | 145290 |
| Salt Lake City Corp. RB, 5.00%, 02/01/30 (Call 02/01/27) | 135 | 149092 |
| State of Utah, 5.00%, 07/01/27 | 250 | 280524 |
| State of Utah GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 07/01/27) | 330 | 368961 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/29 (Call 07/01/27) | 140 | 156466 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Utah (continued)** |  |  |
| University of Utah (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (SAP) | $170 | $190598 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 (Call 08/01/25) | 60 | 63919 |
| Utah Water Finance Agency RB, Series A, 5.00%, 03/01/28 (Call 03/01/27) | 250 | 277239 |
|  |  | 2865911 |
| **Vermont — 0.0%** |  |  |
| State of Vermont GO, Series B, 5.00%, 08/15/27 | 100 | 112448 |
| **Virginia — 3.5%** |  |  |
| City of Newport News VA GO, Series A, 4.00%, 08/01/31 (Call 08/01/27) | 180 | 193523 |
| City of Norfolk VA, 5.00%, 09/01/31 (PR 03/01/27) | 270 | 300088 |
| City of Norfolk VA GO, Series B, 4.00%, 10/01/27 (Call 10/01/26) | 90 | 95748 |
| City of Richmond VA, 5.00%, 07/15/28 (Call 07/15/27) | 125 | 140299 |
| City of Richmond VA GO 5.00%, 03/01/27 | 185 | 205616 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/27 | 60 | 67199 |
| City of Virginia Beach VA GO, 5.00%, 07/15/27 (SAW) | 260 | 292137 |
| County of Arlington VA GO, 5.00%, 06/15/27 | 155 | 173807 |
| County of Fairfax VA GO, 4.00%, 10/01/27 | 375 | 406899 |
| County of Henrico VA GO 5.00%, 08/01/27 | 55 | 61790 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 (SAW) | 65 | 73024 |
| County of Loudoun VA GO 5.00%, 12/01/27 | 90 | 101996 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/27 (SAW) | 570 | 645976 |
| Fairfax County Industrial Development Authority RB, 5.00%, 05/15/27 | 265 | 295057 |
| Hampton Roads Sanitation District RB 5.00%, 10/01/28 (Call 10/01/27) | 205 | 230623 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/29 (Call 10/01/27) | 210 | 236092 |
| Virginia College Building Authority, 5.00%, 02/01/27 | 270 | 299492 |
| Virginia College Building Authority RB 5.00%, 02/01/27 | 505 | 560162 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 | 50 | 56166 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/27 | 125 | 140416 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/27 (Call 09/01/26) (ST INTERCEPT) | 355 | 390431 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/27 (PR 09/01/26) (ST INTERCEPT) | 5 | 5472 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 02/01/30 (Call 02/01/27) | 205 | 225945 |
| Virginia Commonwealth Transportation Board RB 5.00%, 03/15/27 (Call 09/15/26) | 55 | 59706 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/27 | 160 | 180270 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/27 (Call 09/15/26) | 110 | 119453 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/31 (Call 11/15/27) | 165 | 185552 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/27 | 390 | 435928 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/29 (Call 11/15/27) | 320 | 360398 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/30 (Call 11/15/27) | 350 | 393756 |
| Virginia Public Building Authority RB 4.00%, 08/01/31 (Call 08/01/27) | 195 | 208959 |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/31 (PR 08/01/27) | 70 | 75279 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 180 | 197491 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/27) | 325 | 365698 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 08/01/27 | 60 | 64605 |
| Virginia Public School Authority |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 340 | 381971 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 (SAW) | 110 | 124118 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Virginia (continued)** |  |  |
| Virginia Public School Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 02/01/29 (Call 02/01/27) | $370 | $393751 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (SAW) | 105 | 117962 |
| Virginia Resources Authority RB 5.00%, 11/01/27 | 60 | 67776 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 11/01/25) | 110 | 118154 |
|  |  | 9048785 |
| **Washington — 4.7%** |  |  |
| Central Puget Sound Regional Transit Authority RB Series S-1, 5.00%, 11/01/27 | 520 | 586891 |
| &nbsp;&nbsp;&nbsp;Series S-1, 5.00%, 11/01/27 (Call 11/01/26) | 100 | 110095 |
| City of Seattle GO, 5.00%, 06/01/27 (Call 06/01/25) | 170 | 180532 |
| City of Seattle Municipal Light & Power Revenue, 5.00%, 09/01/27 | 170 | 190729 |
| City of Seattle WA Drainage & Wastewater Revenue RB,5.00%, 04/01/27 (Call 04/01/26) | 145 | 157389 |
| City of Seattle WA GOL 5.00%, 12/01/27 | 85 | 96121 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/27 | 305 | 340206 |
| City of Seattle WA Municipal Light & Power Revenue RB Series A, 5.00%, 07/01/27 | 205 | 229111 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/27 (Call 04/01/26) | 340 | 368723 |
| Clark County School District No. 114 Evergreen GO, 5.00%, 12/01/27 (GTD) | 155 | 175279 |
| County of King WA GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 01/01/25) | 270 | 283810 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 | 120 | 135700 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 12/01/27 (Call 12/01/25) | 160 | 172030 |
| County of King WA Sewer Revenue RB 5.00%, 07/01/27 (Call 01/01/26) | 55 | 59303 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/27 (Call 07/01/26) | 530 | 578451 |
| Energy Northwest RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 | 150 | 167978 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 (Call 07/01/26) | 125 | 136513 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 (Call 07/01/27) | 705 | 788235 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/29 (Call 07/01/27) | 330 | 368666 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/27 | 425 | 475938 |
| King County School District No. 405 Bellevue GO, 5.00%, 12/01/27 (Call 12/01/26) (GTD) | 255 | 281307 |
| King County School District No. 414 Lake Washington GO,4.00%, 12/01/27 (GTD) | 490 | 529394 |
| Kitsap County School District No. 401 Central Kitsap GO,5.00%, 12/01/27 (GTD) | 80 | 90388 |
| Pierce County School District No. 402 Franklin Pierce GO,5.00%, 12/01/29 (Call 12/01/27) (GTD) | 190 | 213836 |
| Port of Seattle WA, 5.00%, 01/01/29 (Call 01/01/27) | 200 | 220287 |
| Port of Seattle WA RB, 5.00%, 02/01/27 (Call 02/01/26) | 240 | 258143 |
| Spokane County School District No. 356 Central Valley GO,5.00%, 12/01/28 (Call 12/01/27) (GTD) | 160 | 180072 |
| Spokane County School District No. 81 Spokane GO, 5.00%, 12/01/28 (Call 12/01/27) (GTD) | 220 | 248029 |
| State of Washington, 5.00%, 07/01/27 | 455 | 509533 |
| State of Washington COP, Series B, 5.00%, 07/01/27 | 160 | 178105 |
| State of Washington GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 | 550 | 609855 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/27 (Call 02/01/25) | 105 | 110722 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 01/01/25) | 315 | 331476 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 | 160 | 179532 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 165 | 180508 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/30 (Call 08/01/27) | 105 | 117531 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/31 (Call 08/01/27) | 135 | 150804 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Washington (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/01/27 | $100 | $110883 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 07/01/27 (Call 01/01/25) | 130 | 136800 |
| &nbsp;&nbsp;&nbsp;Series R, 5.00%, 08/01/27 | 370 | 415168 |
| &nbsp;&nbsp;&nbsp;Series R, 5.00%, 08/01/27 (Call 08/01/26) | 345 | 377426 |
| &nbsp;&nbsp;&nbsp;Series R-2018-C, 5.00%, 08/01/29 (Call 08/01/27) | 445 | 498309 |
| University of Washington, 5.00%, 04/01/27 | 295 | 327654 |
| University of Washington RB, Series B, 5.00%, 06/01/27 (Call 06/01/25) | 95 | 100774 |
| Washington State University RB, 5.00%, 04/01/27 (Call 04/01/25) | 70 | 73517 |
|  |  | 12031753 |
| **West Virginia — 0.6%** |  |  |
| State of West Virginia GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 | 300 | 335291 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/27 | 155 | 175279 |
| West Virginia Commissioner of Highways RB 5.00%, 09/01/27 | 200 | 222909 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/29 (Call 09/01/27) | 210 | 233535 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/29 (Call 09/01/27) | 295 | 327655 |
| West Virginia State School Building Authority Lottery Revenue RB, Series A, 5.00%, 07/01/27 (Call 07/01/25) | 275 | 291969 |
|  |  | 1586638 |
| **Wisconsin — 2.5%** |  |  |
| Milwaukee Metropolitan Sewerage District GO, Series A,5.00%, 10/01/27 (Call 10/01/26) | 150 | 164257 |
| State of Wisconsin |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/27 (Call 05/01/26) | 265 | 279936 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/30 (Call 05/01/27) | 290 | 322835 |
| State of Wisconsin GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/28 (Call 05/01/27) | 145 | 155012 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/27 | 100 | 111758 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/27 (Call 05/01/25) | 295 | 312702 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 05/01/27) | 150 | 167547 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/28 (Call 05/01/27) | 250 | 279004 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/29 (Call 05/01/27) | 160 | 178379 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par/<br> Shares<br> (000)* | *Value* |
| **Wisconsin (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/31 (Call 05/01/27) | $305 | $339435 |
| &nbsp;&nbsp;&nbsp;Series 2, 4.00%, 11/01/27 (Call 05/01/26) | 130 | 137059 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 11/01/27 (Call 05/01/26) | 430 | 468963 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 11/01/27 (Call 05/01/27) | 40 | 44679 |
| &nbsp;&nbsp;&nbsp;Series 3, 5.00%, 11/01/30 (Call 05/01/27) | 395 | 439723 |
| State of Wisconsin RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/27 | 460 | 512305 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/29 (PR 05/01/27) | 460 | 512305 |
| Wisconsin Department of Transportation, 5.00%, 07/01/29 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/01/27) | 265 | 297136 |
| Wisconsin Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 07/01/27 | 145 | 162184 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 07/01/28 (Call 07/01/27) | 240 | 269347 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 07/01/30 (Call 07/01/27) | 690 | 773262 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 07/01/31 (Call 07/01/27) | 390 | 436857 |
|  |  | 6364685 |
| **Total Long-Term Investments — 98.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $252,555,755)** |  | 252552643 |
| **Short-Term Securities** |  |  |
| **Money Market Funds — 0.1%** |  |  |
| BlackRock Liquidity Funds: MuniCash, 1.39%<sup>(b)(c)</sup> | 191 | 191351 |
| **Total Short-Term Securities — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $191,293)** |  | 191351 |
| **Total Investments — 98.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $252,747,048)** |  | 252743994 |
| **Other Assets Less Liabilities — 1.1%** |  | 2902810 |
| **Net Assets — 100.0%** |  | $255646804 |

---

<sup>(a)</sup> Zero-coupon bond.

<sup>(b)</sup> Affiliate of the Fund.

<sup>(c)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at<br> 10/31/22* | *Purchases<br> at Cost* | *Proceeds <br> from Sale* | *Net Realized<br> Gain (Loss)* | *Change in<br> Unrealized<br> Appreciation<br> (Depreciation)* | *Value at<br> 01/31/23* | *Shares<br> Held at<br> 01/31/23<br> (000)* | *Income* | *Capital Gain<br> Distributions from<br> Underlying Funds* |
| BlackRock Liquidity Funds: MuniCash | $1191388 | $– $| (1000137)<sup>(a)</sup> | $42 | $58 | $191351 | 191 | $7951 | $— |

---

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds**<sup>®</sup> **Dec 2027 Term Muni Bond ETF** |
| January 31, 2023 |  |

---

**Fair Value Hierarchy as of Period End (continued)**

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal Debt Obligations | $— | $252552643 | $— | $252552643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 191351 |  |  | 191351 |
|  | $191351 | $252552643 | $— | $252743994 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |  |  |
| AGM | Assured Guaranty Municipal Corp. | PR | Prerefunded |
| COP | Certificates of Participation | PSF | Permanent School Fund |
| ETM | Escrowed to Maturity | RB | Revenue Bond |
| GO | General Obligation | SAP | Subject to Appropriations |
| GOL | General Obligation Limited | SAW | State Aid Withholding |
| GTD | Guaranteed | SCH BD RES FD | School Board Resolution Fund |
| MO | Moral Obligation | ST | Special Tax |
| NPFGC | National Public Finance Guarantee Corp. |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

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

- **a. Name of Series:** iShares iBonds Dec 2027 Term Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000065128

- **c. LEI of Series:** 549300JDC2T062GBJX98

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $255794342.04

**Total Liabilities:** $147537.71

**Net Assets:** $255646804.33

**Delayed Delivery Securities:** $110869.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 2057.77000000 | **5-Year:** 94529.98000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.72000000 | **1-Year:** 0.00000000 | **5-Year:** 117.44000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210857 | 2.99%                | 0.46%                | 2.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $359.52                  | $5021845.53                                |
| Month 2  | $-908.80                 | $463552.45                                 |
| Month 3  | $-37523.23               | $4506142.64                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Georgia Ports Authority                                                         | GEORGIA ST PORTS AUTH                                        | CUSIP: 373586FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $856687.93    | 0.34%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RH44<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    150000 | PA      | $166304.54    | 0.07%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                          | W VIRGINIA ST COMMISSIONER OF HIGHWAYS SPL OBLG              | CUSIP: 95649ACM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222908.42    | 0.09%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AGC3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    390000 | PA      | $430989.43    | 0.17%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX WTR & SWR SYS REVENUE                             | CUSIP: 4424366C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $187490.49    | 0.07%             | 2027-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 5178406Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $355754.59    | 0.14%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507GM6<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    120000 | PA      | $135866.70    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                        | ARLINGTON TX INDEP SCH DIST                                  | CUSIP: 0418264R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138629.64    | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MPG8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    495000 | PA      | $556612.95    | 0.22%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968A4G7<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82371.35     | 0.03%             | 2027-01-01      | 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: 64971WU73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $615696.41    | 0.24%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EDN0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    300000 | PA      | $332405.25    | 0.13%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QMG8<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     55000 | PA      | $61639.52     | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MGT6<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    160000 | PA      | $178378.59    | 0.07%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FKJ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    595000 | PA      | $661918.10    | 0.26%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $190597.54    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco County Transportation Authority Sales Tax Revenue                 | SAN FRANCISCO CNTY CA TRANSPRTN AUTH SALES TAX REVENUE       | CUSIP: 79773TAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $273487.14    | 0.11%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492VM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122716.41    | 0.05%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                 | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE              | CUSIP: 30382VAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $295056.43    | 0.12%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $169560.41    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 48 Scottsdale                        | MARICOPA CNTY AZ UNIF SCH DIST #48 SCOTTSDALE                | CUSIP: 567288UJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44668.94     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BC93<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    260000 | PA      | $273469.35    | 0.11%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA                                                              | NORFOLK VA                                                   | CUSIP: 655867WZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $300087.88    | 0.12%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813SC4<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    160000 | PA      | $170048.43    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701YH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $303554.55    | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $145064.69    | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153BC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    215000 | PA      | $230150.79    | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204R39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $316068.40    | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                          | GEORGIA ST ROAD & TOLLWAY AUTH REVENUE                       | CUSIP: 37358MEJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $418291.39    | 0.16%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FVZ4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    595000 | PA      | $658504.23    | 0.26%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RZZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $251662.77    | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Public Utilities Revenue                              | SALT LAKE CITY UT PUBLIC UTILS REVENUE                       | CUSIP: 795604BY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116426.86    | 0.05%             | 2027-02-01      | 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: 64972GGZ1<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132930.31    | 0.05%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                  | TEXAS ST PUBLIC FIN AUTH LEASE REVENUE                       | CUSIP: 882669BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $221199.24    | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112TD8<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    145000 | PA      | $162378.76    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RK99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110869.69    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492S67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66894.80     | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EXX1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    845000 | PA      | $931981.93    | 0.36%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CW97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110105.51    | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758F81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $225342.02    | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174WH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $287796.28    | 0.11%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444954F8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    315000 | PA      | $354877.58    | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $607485.62    | 0.24%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DHL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $912957.08    | 0.36%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DPF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $206807.62    | 0.08%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MGU3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    290000 | PA      | $322834.79    | 0.13%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WJH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140416.00    | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K4E9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139785.84    | 0.05%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 8126263Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $180532.18    | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | 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: 64972HF56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168336.98    | 0.07%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122399.10   | 0.44%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631MP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $157388.55    | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Wastewater System Revenue                   | E BAY CA MUNI UTILITY DIST WSTWTR SYS REVENUE                | CUSIP: 271012FX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $146242.68    | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769DL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138578.56    | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WM92<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    260000 | PA      | $292373.85    | 0.11%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579HE0<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    555000 | PA      | $621518.69    | 0.24%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 6582562N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136680.84    | 0.05%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N7F5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    330000 | PA      | $366800.87    | 0.14%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WNA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $390430.46    | 0.15%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541XJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $290985.08    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157T34<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102491.48    | 0.04%             | 2027-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550J52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222779.02    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 79623PAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67051.30     | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                          | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 9151158K8<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279851.43    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473103G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $190298.97    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QPJ9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    180000 | PA      | $201729.35    | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ATE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $314820.46    | 0.12%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                   | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $152065.21    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1303973.56   | 0.51%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550C26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $217209.54    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 5288287J9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $296446.63    | 0.12%             | 2027-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827234K2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65107.13     | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FWA8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    535000 | PA      | $591682.77    | 0.23%             | 2030-02-15      | 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: 64971XCJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $212868.76    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845LN8<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $134093.33    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541C88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $118811.15    | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZH5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    140000 | PA      | $157631.49    | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Municipal Water District Facilities Authority                           | WSTRN CA MUNI WTR DISTS FACS AUTH WTR REVENUE                | CUSIP: 95874TCA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $197958.72    | 0.08%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C8S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $505939.14    | 0.20%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Clara CA                                                        | SANTA CLARA CNTY CA                                          | CUSIP: 801546RZ7<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |    170000 | PA      | $191842.42    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025VK0<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168567.72    | 0.07%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DDL6<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    905000 | PA      | $1010912.06   | 0.40%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 0524762N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $225253.18    | 0.09%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813RK7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265700.68    | 0.10%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Miami Beach FL Stormwater Revenue                                       | MIAMI BEACH FL STORMWTR REVENUE                              | CUSIP: 59324PDQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $128649.78    | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QDY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $268013.06    | 0.10%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV Passenger Facility Charge Revenue                            | CLARK CNTY NV PASSENGER FAC CHARGE REVENUE                   | CUSIP: 181006GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $340873.12    | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204H71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $387081.24    | 0.15%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PJC5<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    225000 | PA      | $250974.83    | 0.10%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HEX1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    195000 | PA      | $218851.11    | 0.09%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446467K2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90127.64     | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 544495Y73<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99960.34     | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GYL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $368077.74    | 0.14%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AEM3<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    325000 | PA      | $364332.90    | 0.14%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034ASA9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    110000 | PA      | $123181.83    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NS63<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39040.53     | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193PN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $365565.33    | 0.14%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522RM8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    295000 | PA      | $329432.72    | 0.13%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chandler AZ                                                             | CHANDLER AZ                                                  | CUSIP: 158843XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195974.36    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                        | ARIZONA BRD OF RGTS                                          | CUSIP: 040664CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55970.29     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | LOUISIANA ST GAS & FUELS TAX REVENUE                         | CUSIP: 546475RX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222827.22    | 0.09%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686S60<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    310000 | PA      | $344831.79    | 0.13%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                               | PLANO TX INDEP SCH DIST                                      | CUSIP: 727199XJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $173275.81    | 0.07%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWB6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218721.12    | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59706.37     | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742ZF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $516636.22    | 0.20%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APX9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269166.20    | 0.11%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                        | MECKLENBURG CNTY NC                                          | CUSIP: 584002VH9<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     45000 | PA      | $50209.19     | 0.02%             | 2027-04-01      | 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: 64971WPE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $534048.86    | 0.21%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $221562.36    | 0.09%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                                | ALABAMA ST                                                   | CUSIP: 010411BR6<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |    265000 | PA      | $290515.37    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990ADV4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    370000 | PA      | $396184.57    | 0.15%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QPP9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    350000 | PA      | $392885.78    | 0.15%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K2B7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122654.91    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | CUSIP: 155048DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $586891.24    | 0.23%             | 2027-11-01      | Fixed         | 5.00%                 | 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: 64972HX49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $387175.04    | 0.15%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240NP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1158988.03   | 0.45%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue                 | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST SALES TAX REV   | CUSIP: 797669XK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112306.49    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N7K4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    220000 | PA      | $243526.01    | 0.10%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059UZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550732.85    | 0.22%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RYT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $522579.46    | 0.20%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RQX7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    285000 | PA      | $322349.59    | 0.13%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643MX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $368723.23    | 0.14%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $253376.08    | 0.10%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TLF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $101996.26    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642B3R2<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    255000 | PA      | $281076.56    | 0.11%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PYG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $304553.26    | 0.12%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769GW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $216182.56    | 0.08%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903ZA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $280948.15    | 0.11%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canyons School District Local Building Authority                                | CANYONS SCH DIST LOCAL BLDG AUTH UT                          | CUSIP: 139083AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $514589.49    | 0.20%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DRZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $481931.43    | 0.19%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AGU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $136232.89    | 0.05%             | 2027-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193NK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $635290.48    | 0.25%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990F2D5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    155000 | PA      | $172432.45    | 0.07%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848UG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $170822.03    | 0.07%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DZM3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71109.31     | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DKT4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110721.67    | 0.04%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                  | CUSIP: 977100GS9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    460000 | PA      | $512304.81    | 0.20%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UMR6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    780000 | PA      | $888277.65    | 0.35%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VHV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $183023.33    | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                               | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235RD9<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    125000 | PA      | $141326.36    | 0.06%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78578.12     | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 9401572J8<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    185000 | PA      | $207251.41    | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DWZ7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    345000 | PA      | $377426.34    | 0.15%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                              | CUSIP: 30382AKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $406898.59    | 0.16%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TEX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112416.03    | 0.04%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852V88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $181326.69    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133406T0<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    165000 | PA      | $178874.19    | 0.07%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DJC0<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67280.20     | 0.03%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465PT32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211799.16    | 0.08%             | 2027-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793D71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $360398.34    | 0.14%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BKL7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212049.20    | 0.08%             | 2027-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521522K6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    135000 | PA      | $145372.14    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446465Q1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $405574.38    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                            | ALLEGHENY CNTY PA HGR EDU BLDG AUTH CLG REVENUE              | CUSIP: 01729ELA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83916.38     | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123Q50<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    145000 | PA      | $162184.07    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460QX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $191991.78    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204N33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $507967.07    | 0.20%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558KD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $247745.50    | 0.10%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GC7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    340000 | PA      | $377478.27    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Clara CA                                                        | SANTA CLARA CNTY CA                                          | CUSIP: 801546QF2<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |    125000 | PA      | $140996.96    | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845CK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94009.68     | 0.04%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RD89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95951.93     | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686S45<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    110000 | PA      | $122454.50    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Williamson TN                                                         | WILLIAMSON CNTY TN                                           | CUSIP: 969872YW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $559008.10    | 0.22%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                           | UTILITY DEBT SECURITIZATION AUTH NY                          | CUSIP: 91802RCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $356054.98    | 0.14%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C5Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $225247.19    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunnyvale Financing Authority                                                   | SUNNYVALE CA FING AUTH LEASE REVENUE                         | CUSIP: 86754EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107153.19    | 0.04%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MPG4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    145000 | PA      | $155011.61    | 0.06%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059ZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139005.73    | 0.05%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Castle DE                                                         | NEW CASTLE CNTY DE                                           | CUSIP: 64327TFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111533.64    | 0.04%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                                         | CHARLESTON CNTY SC                                           | CUSIP: 160069ZR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216723.04    | 0.08%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507S28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    173000 | PA      | $193270.41    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                        | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE         | CUSIP: 167723HC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108610.01    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD REVENUE                                         | CUSIP: 059231J92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109958.39    | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC                                                 | CUSIP: 930864DQ3<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $195257.95    | 0.08%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014K27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $39364.29     | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                              | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                   | CUSIP: 495260M99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $529394.04    | 0.21%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89901.05     | 0.04%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RCH6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    400000 | PA      | $450700.24    | 0.18%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793D89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $393756.30    | 0.15%             | 2030-05-15      | 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: 64971W6Q8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69877.77     | 0.03%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000RT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $262218.06    | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424QH1<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    640000 | PA      | $683644.42    | 0.27%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RQS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $218196.85    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV SALES & EXCISE TAX REVENUE                     | CUSIP: 181012BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $312932.70    | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593YY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137445.55    | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RUJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111850.12    | 0.04%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098S32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $217484.55    | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                        | NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REVENUE         | CUSIP: 65000XAD2<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $566780.65    | 0.22%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $189178.73    | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PYK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $328315.11    | 0.13%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Valley-Mission Community College District                                  | W VLY-MISSION CA CMNTY CLG DIST                              | CUSIP: 95640HEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80457.08     | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PK27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $402744.07    | 0.16%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852M96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211008.86    | 0.08%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686Z21<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111322.27    | 0.04%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428J80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $207587.69    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758B77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $462187.99    | 0.18%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550F31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $128097.94    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                         | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 882117M92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58580.70     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AH40<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    145000 | PA      | $155621.08    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RVR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $123077.36    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG PRINCE WM               | CUSIP: 92817TJR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $124117.52    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                               | NEW YORK ST                                                  | CUSIP: 649791PH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61288.60     | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $521247.44    | 0.20%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Clarksville TN Water Sewer & Gas Revenue                                | CLARKSVILLE TN WTR SWR & GAS REVENUE                         | CUSIP: 182618NZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $155065.81    | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                           | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 6678253Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $162549.86    | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LH65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $175070.27    | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 5288288T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218788.14    | 0.09%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MMN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $333835.38    | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AGR0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131960.18    | 0.05%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417014Q6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    520000 | PA      | $584274.55    | 0.23%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641462GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $196283.17    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DAN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $352814.87    | 0.14%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182MH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50645.30     | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DLC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $251522.78    | 0.10%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733844B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86718.50     | 0.03%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464152C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $350755.65    | 0.14%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $617040.74    | 0.24%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $193686.08    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025H42<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    125000 | PA      | $140627.80    | 0.06%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827236X2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    265000 | PA      | $296801.40    | 0.12%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782ER6<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    120000 | PA      | $132313.82    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077C3J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $601692.85    | 0.24%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $196745.06    | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RSU1<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |    185000 | PA      | $205098.94    | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461396N0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    115000 | PA      | $126656.46    | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MEW5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     90000 | PA      | $98015.13     | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of South Carolina                                                         | SOUTH CAROLINA ST                                            | CUSIP: 83710RSJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $497019.03    | 0.19%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252NT2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    590000 | PA      | $651944.51    | 0.26%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake County School District No 112 North Shore                                  | LAKE CNTY IL SCH DIST #112 N SHORE                           | CUSIP: 509076BT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121500.30    | 0.05%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSR7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     85000 | PA      | $95068.11     | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701K37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $370730.63    | 0.15%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                       | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                  | CUSIP: 567505PP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $145000.09    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WNT5<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    130000 | PA      | $148201.26    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                     | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $533052.04    | 0.21%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522RD8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    285000 | PA      | $317038.79    | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119398.21    | 0.05%             | 2027-04-01      | 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: 64971XCM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $161670.45    | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882724JD0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    230000 | PA      | $257995.60    | 0.10%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870QF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $135037.39    | 0.05%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $134398.55    | 0.05%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HUH7<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    255000 | PA      | $287649.36    | 0.11%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                               | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE | CUSIP: 762197VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $422578.80    | 0.17%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MJL4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    360000 | PA      | $399995.89    | 0.16%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112RL2<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    410000 | PA      | $448314.13    | 0.18%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521524T5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    160000 | PA      | $172158.46    | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | 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: 64972HZM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $263727.93    | 0.10%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AHG3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    135000 | PA      | $150575.81    | 0.06%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CDM2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60970.83     | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PGN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $177801.55    | 0.07%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AV51<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109828.47    | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445PW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $290958.67    | 0.11%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FYD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $135700.16    | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 7962536E7<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82858.92     | 0.03%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                          | UNIV OF MICHIGAN MI                                          | CUSIP: 914455QQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $216335.38    | 0.08%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City Corp                                                             | SALT LAKE CITY UT SALES TAX REVENUE                          | CUSIP: 79560QCW6<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |    135000 | PA      | $149091.62    | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PD5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    200000 | PA      | $220998.14    | 0.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RVS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167849.45    | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AC72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61542.70     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP REVENUE                      | CUSIP: 64985HE37<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    150000 | PA      | $169550.72    | 0.07%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                        | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341MD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $997322.78    | 0.39%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550D90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116958.99    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DM39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $701634.66    | 0.27%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                            | N TEXAS ST MUNI WTR DIST REGL WSTWTR REVENUE                 | CUSIP: 662835YX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111719.88    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204E90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91679.17     | 0.04%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532DL5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    200000 | PA      | $225319.10    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914FZK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $178906.99    | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445K99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122473.95    | 0.05%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                     | FOOTHILL-DE ANZA CA CMNTY CLG DIST                           | CUSIP: 345102DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $371262.32    | 0.15%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 3411502F6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    255000 | PA      | $286524.38    | 0.11%             | 2028-07-01      | 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: 64971XZA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $339315.36    | 0.13%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $359167.71    | 0.14%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                             | PORTLAND OR REVENUE                                          | CUSIP: 736740UU3<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |    625000 | PA      | $698523.75    | 0.27%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DW79<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    370000 | PA      | $415167.49    | 0.16%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174WJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $172529.19    | 0.07%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430RP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $257343.57    | 0.10%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BN5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    190000 | PA      | $211527.67    | 0.08%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TGC9<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     55000 | PA      | $62425.45     | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                | CUSIP: 928173BS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75278.64     | 0.03%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854G71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168619.53    | 0.07%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                          | W VIRGINIA ST COMMISSIONER OF HIGHWAYS SPL OBLG              | CUSIP: 95649ACP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $233534.97    | 0.09%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039VF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47782.01     | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temple Independent School District/TX                                           | TEMPLE TX INDEP SCH DIST                                     | CUSIP: 880081PM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105752.96    | 0.04%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH DIST                                     | CUSIP: 115067JX9<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    135000 | PA      | $150216.44    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH                          | CUSIP: 842477UA7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137311.66    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903ZV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $174187.85    | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TJF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $645976.33    | 0.25%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                                | SAN JOSE CA UNIF SCH DIST SANTA CLARA CNTY                   | CUSIP: 798186J29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169272.72    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $424472.65    | 0.17%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth NC                                                            | FORSYTH CNTY NC                                              | CUSIP: 34664PBM1<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |    120000 | PA      | $133586.72    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CEL3<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    290000 | PA      | $321482.55    | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washoe County School District/NV                                                | WASHOE CNTY NV SCH DIST                                      | CUSIP: 940859AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138363.76    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133407N2<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    150000 | PA      | $169393.61    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                    | ORLANDO FL UTILITIES COMMISSION UTILITY SYS REVENUE          | CUSIP: 686507JP0<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    350000 | PA      | $393593.20    | 0.15%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DJZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $314081.60    | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224LL1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53449.68     | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RAM2<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |    320000 | PA      | $354499.78    | 0.14%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GVV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $192124.01    | 0.08%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522KF0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    320000 | PA      | $344767.78    | 0.13%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MWZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $217935.28    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 402 Franklin Pierce                            | PIERCE CNTY WA SCH DIST #402 FRANKLIN PIERCE                 | CUSIP: 720594NM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $213835.69    | 0.08%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973556D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112531.45    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KLR8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    545000 | PA      | $578759.86    | 0.23%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                           | GUILFORD CNTY NC                                             | CUSIP: 401784G56<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111832.89    | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                     | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609FF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1146303.34   | 0.45%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                            | N TEXAS ST MUNI WTR DIST REGL WSTWTR REVENUE                 | CUSIP: 662835VS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163633.28    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MA82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111761.68    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV Gas Tax Revenue                                             | WASHOE CNTY NV HIGHWAY REVENUE                               | CUSIP: 940839CP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38526.65     | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CXC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112905.67    | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                       | GRAND RIVER OK DAM AUTH REVENUE                              | CUSIP: 386442WM5<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |    430000 | PA      | $471869.19    | 0.18%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $318570.34    | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RKK1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    180000 | PA      | $201977.21    | 0.08%             | 2027-07-01      | 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: 64971XCK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $307554.80    | 0.12%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Auburn AL                                                               | AUBURN AL                                                    | CUSIP: 0502133L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116610.13    | 0.05%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000PT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $317250.32    | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588H4N3<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    200000 | PA      | $223151.94    | 0.09%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AC79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $95186.18     | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $502243.47    | 0.20%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GKC5<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55606.06     | 0.02%             | 2027-05-15      | 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: 64972GFL3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     80000 | PA      | $85075.40     | 0.03%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642B7J6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    255000 | PA      | $283152.92    | 0.11%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                               | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                   | CUSIP: 409327JB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $230622.79    | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 6460665A4<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    270000 | PA      | $303329.69    | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                   | POWAY CA UNIF SCH DIST                                       | CUSIP: 738850QK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $357737.56    | 0.14%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                              | FORT WORTH TX WTR & SWR REVENUE                              | CUSIP: 349515G91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $176858.56    | 0.07%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                             | HAWAII CNTY HI                                               | CUSIP: 419722P80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108353.85    | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014E57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $95620.21     | 0.04%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                           | GUILFORD CNTY NC                                             | CUSIP: 401784K85<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111350.82    | 0.04%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FUB2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279346.30    | 0.11%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381KS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $587747.74    | 0.23%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RPB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $147434.51    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140BW2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    340000 | PA      | $374755.99    | 0.15%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Franklin TN                                                             | FRANKLIN TN                                                  | CUSIP: 354730E33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $263161.79    | 0.10%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Blount TN                                                             | BLOUNT CNTY TN                                               | CUSIP: 095167SZ6<br>LEI: 54930071RP1NB2WPW616 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109142.18    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500353S5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    315000 | PA      | $348864.36    | 0.14%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412G3K9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140461.03    | 0.05%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Essex NJ                                                              | ESSEX CNTY NJ                                                | CUSIP: 296804X51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $124209.59    | 0.05%             | 2027-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389YF9<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    240000 | PA      | $258142.51    | 0.10%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381NE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $366715.97    | 0.14%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                                 | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J         | CUSIP: 939307HZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195302.87    | 0.08%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EDZ6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    350000 | PA      | $388089.52    | 0.15%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of South Carolina                                                         | SOUTH CAROLINA ST                                            | CUSIP: 83710RSK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86283.50     | 0.03%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL                                           | CUSIP: 59333FUP3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111672.35    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO                                        | CUSIP: 249164PV0<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     55000 | PA      | $61839.73     | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Des Moines IA                                                           | DES MOINES IA                                                | CUSIP: 25009XQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $150644.10    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia SC Waterworks & Sewer System Revenue                           | COLUMBIA SC WTRWKS & SWR SYS                                 | CUSIP: 198504ZE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $127515.13    | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 812627GH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $340205.45    | 0.13%             | 2027-05-01      | Fixed         | 5.00%                 | 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: 64972HZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222694.28    | 0.09%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385AM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $194434.38    | 0.08%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JD25<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    215000 | PA      | $228357.69    | 0.09%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                              | ALDINE TX INDEP SCH DIST                                     | CUSIP: 014393XG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $171074.18    | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077CY81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107990.22    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444953D4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    295000 | PA      | $332399.45    | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TPL1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    275000 | PA      | $303656.57    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $341766.13    | 0.13%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412G3J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168624.51    | 0.07%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                             | RICHMOND VA                                                  | CUSIP: 76541VRV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67199.21     | 0.03%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492SQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $288988.05    | 0.11%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445M97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $156609.03    | 0.06%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204N41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $196707.67    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mecklenburg County Public Facilities Corp                                       | MECKLENBURG CNTY NC PUBLIC FACS CORP LTD OBLG                | CUSIP: 58401ABR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121970.99    | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Rutherford TN                                                         | RUTHERFORD CNTY TN                                           | CUSIP: 783244JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $234131.79    | 0.09%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan St Louis Sewer District                                            | MET SAINT LOUIS MO SWR DIST WSTWTR SYS REVENUE               | CUSIP: 592481JV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $323814.52    | 0.13%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Danbury CT                                                              | DANBURY CT                                                   | CUSIP: 235866CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55028.61     | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025Q34<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    150000 | PA      | $168290.30    | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PQ21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $731819.84    | 0.29%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH DIST                                  | CUSIP: 59333RHN7<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |     80000 | PA      | $88464.42     | 0.03%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                              | ATLANTA GA                                                   | CUSIP: 047772H68<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67879.54     | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848G98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78986.87     | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NNM4<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |     95000 | PA      | $100774.30    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $145911.88    | 0.06%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                           | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $465511.27    | 0.18%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 6582564G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $218454.19    | 0.09%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612DR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195124.48    | 0.08%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581JL2<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    400000 | PA      | $449617.52    | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827236Y0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    445000 | PA      | $498203.84    | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weld County School District No 6 Greeley                                        | WELD CNTY CO SCH DIST #6 GREELEY                             | CUSIP: 949289PH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $96120.95     | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460QY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $203074.33    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001FN7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    165000 | PA      | $185981.38    | 0.07%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522R48<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    135000 | PA      | $150155.75    | 0.06%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QKR6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139702.43    | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XDZ2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     85000 | PA      | $92117.66     | 0.04%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 6446825K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $288488.03    | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RAQ3<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |    220000 | PA      | $242943.12    | 0.10%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                         | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 882117R22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26572.94     | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | MICHIGAN ST TRUNK LINE                                       | CUSIP: 594695Y85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $498766.97    | 0.20%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GW68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $342119.69    | 0.13%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| College Station Independent School District                                     | CLG STATION TX INDEP SCH DIST                                | CUSIP: 194475UP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114976.25    | 0.04%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 544495Y65<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111233.16    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charleston SC Waterworks & Sewer System Revenue                         | CHARLESTON SC WTRWKS & SWR REVENUE                           | CUSIP: 160429VS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110610.48    | 0.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RUY0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    535000 | PA      | $602723.19    | 0.24%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG MONTGOMERY CNTY         | CUSIP: 92818FBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $393750.52    | 0.15%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $161287.76    | 0.06%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona                                                                | ARIZONA ST COPS                                              | CUSIP: 040588H24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $129595.60    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnson KS                                                            | JOHNSON CNTY KS                                              | CUSIP: 47844PKN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $202115.43    | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687MM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $397547.99    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119452.49    | 0.05%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973556E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $208155.08    | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KKP3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53392.75     | 0.02%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DLT3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    130000 | PA      | $136799.55    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C5X4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47940.21     | 0.02%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PKK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $240187.77    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412G3L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $936622.76    | 0.37%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority                                           | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE         | CUSIP: 604115CJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $233094.62    | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990BHT3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    215000 | PA      | $227902.52    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KRS0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112200.14    | 0.04%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Merion School District                                                    | LOWER MERION PA SCH DIST                                     | CUSIP: 548246NF0<br>LEI: 549300HKI8OJC5YHIM72 | Long             | DBT              | MUN               | US        |    290000 | PA      | $327461.48    | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PLE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $723003.06    | 0.28%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PX72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $224532.60    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005E61<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45145.40     | 0.02%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Multnomah OR                                                          | MULTNOMAH CNTY OR                                            | CUSIP: 625506PB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $273283.71    | 0.11%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845JY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $156223.51    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                                               | BOSTON MA                                                    | CUSIP: 100853WW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $585773.84    | 0.23%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                    | CUSIP: 45884AZY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $145290.18    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DU30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216865.84    | 0.08%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TRX1<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    125000 | PA      | $140655.41    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E2Z9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    140000 | PA      | $154100.84    | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                  | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514TX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214514.04    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632R39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $361492.35    | 0.14%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUESNON ST SUPPORTED DEBT          | CUSIP: 64990C4P3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    290000 | PA      | $323979.30    | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397HU3<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    110000 | PA      | $123519.31    | 0.05%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No 1                                      | NORTH CAROLINA ST MUNI PWR AGY #1 CATAWBA ELEC REVENUE       | CUSIP: 658203X25<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    120000 | PA      | $128917.28    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137CV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $240687.45    | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                             | MASSACHUSETTS ST CLEAN WTR TRUST                             | CUSIP: 575829HK5<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |    720000 | PA      | $800107.56    | 0.31%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                        | MECKLENBURG CNTY NC                                          | CUSIP: 584002WB1<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |    220000 | PA      | $244971.80    | 0.10%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PGL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $344831.91    | 0.13%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500356Q6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    150000 | PA      | $167533.91    | 0.07%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $768547.42    | 0.30%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FMK7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139108.10    | 0.05%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123U48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $297136.29    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JN65<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    815000 | PA      | $874372.91    | 0.34%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MEM3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    430000 | PA      | $468963.42    | 0.18%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792SK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $515774.45    | 0.20%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $675900.81    | 0.26%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N4A8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109323.46    | 0.04%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUESNON ST SUPPORTED DEBT          | CUSIP: 64990CA84<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    185000 | PA      | $207338.69    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 6446826Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $243235.00    | 0.10%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846J0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105337.77    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DE61<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110882.72    | 0.04%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                                | ALABAMA ST                                                   | CUSIP: 010411BY1<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |    170000 | PA      | $191950.30    | 0.08%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558JL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $352877.58    | 0.14%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission Sales Tax Revenue                    | RIVERSIDE CNTY CA TRANSPRTN COMMISSION                       | CUSIP: 769125GR0<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |    420000 | PA      | $476464.80    | 0.19%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD                                                 | CUSIP: 059189UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $135353.48    | 0.05%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Independent School District                                            | MESQUITE TX INDEP SCH DIST                                   | CUSIP: 590760PZ1<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |    215000 | PA      | $240355.90    | 0.09%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coast Community College District                                                | COAST CA CMNTY CLG DIST                                      | CUSIP: 190335HQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $180281.74    | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                       | OHIO ST UNIV                                                 | CUSIP: 677632L58<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    440000 | PA      | $496704.34    | 0.19%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428G75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $162703.86    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157P61<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    115000 | PA      | $128927.33    | 0.05%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252NC9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    230000 | PA      | $254147.86    | 0.10%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643PS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $190729.00    | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424SF3<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    445000 | PA      | $498659.84    | 0.20%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E4U8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    340000 | PA      | $373756.36    | 0.15%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RWJ1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    185000 | PA      | $205083.69    | 0.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XCC8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     85000 | PA      | $93335.31     | 0.04%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $207819.21    | 0.08%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283489.08    | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MPE3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    455000 | PA      | $510751.51    | 0.20%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Nassau NY                                                             | NASSAU CNTY NY                                               | CUSIP: 63165TF75<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |    400000 | PA      | $447404.32    | 0.18%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue      | MET GOVT NASHVILLE & DAVIDSONCNTY TN ELEC REVENUE            | CUSIP: 592030M56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167143.16    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QMP2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    440000 | PA      | $496600.28    | 0.19%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DW95<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    445000 | PA      | $498308.86    | 0.19%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AKB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $180382.78    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417EM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $221956.58    | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792RH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222655.22    | 0.09%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WWX0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    195000 | PA      | $208636.92    | 0.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AJM0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    305000 | PA      | $321320.25    | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APF8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    375000 | PA      | $319797.26    | 0.13%             | 2027-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County Water & Sewerage Authority                                      | GWINNETT CNTY GA WTR & SEWERAGE AUTH                         | CUSIP: 403760KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $118105.72    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990F2C7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     85000 | PA      | $94593.51     | 0.04%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025H26<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |     75000 | PA      | $84471.47     | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DAL9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    130000 | PA      | $141996.73    | 0.06%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 184541DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $127351.43    | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EXS2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    140000 | PA      | $154587.89    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241TA4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    355000 | PA      | $400228.85    | 0.16%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870NT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140329.93    | 0.05%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GB9<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |     80000 | PA      | $89337.88     | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446464M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58842.29     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milwaukee Metropolitan Sewerage District                                        | MILWAUKEE WI MET SEWERAGE DIST                               | CUSIP: 602409KJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164256.69    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | 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: 64972HC59<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    210000 | PA      | $233828.99    | 0.09%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FYZ5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    375000 | PA      | $417179.81    | 0.16%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038DJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $319004.24    | 0.12%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522H64<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    300000 | PA      | $336001.11    | 0.13%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union NC Enterprise System Revenue                                    | UNION CNTY NC ENTERPRISE SYS REVENUE                         | CUSIP: 906400FM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $223527.60    | 0.09%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                             | MASSACHUSETTS ST WTR POLL ABATEMENT TRUST                    | CUSIP: 57604PB78<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22719.15     | 0.01%             | 2027-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QCW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $307098.30    | 0.12%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $225100.24    | 0.09%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QSA5<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    130000 | PA      | $145693.42    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381MK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122238.66    | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461396M2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    210000 | PA      | $231442.01    | 0.09%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DWM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $260809.95    | 0.10%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133408C5<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    195000 | PA      | $220649.29    | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112SK3<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    315000 | PA      | $338178.96    | 0.13%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $106922.29    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN FING CORP REVENUE                  | CUSIP: 34160KAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195739.39    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742XX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108887.89    | 0.04%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $455121.59    | 0.18%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $313752.52    | 0.12%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035T99<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    625000 | PA      | $677647.94    | 0.27%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 61334PDS9<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    185000 | PA      | $208091.03    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067EJ3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    470000 | PA      | $523934.05    | 0.20%             | 2027-03-01      | 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: 64971WU65<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    395000 | PA      | $439183.52    | 0.17%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund         | RHODE ISLAND ST INFRASTRUCTURE BANK WTR POLL CONTROL REVENUE | CUSIP: 76221UEL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56379.35     | 0.02%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                | CUSIP: 928173BT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208959.17    | 0.08%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742XG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175338.57    | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418E58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $160658.26    | 0.06%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507P70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    198000 | PA      | $215896.07    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AJF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $284436.28    | 0.11%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $273283.71    | 0.11%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025E60<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111353.58    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C3B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167978.03    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue   | MASSACHUSETTS ST FEDERAL HIGHWAY                             | CUSIP: 57583PHE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $125634.41    | 0.05%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VEA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116469.39    | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST SPL OBLG                                             | CUSIP: 67759HHX5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    245000 | PA      | $269328.01    | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                      | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560SW2<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    175000 | PA      | $191905.04    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CV93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $508718.98    | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914FZ52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $244971.80    | 0.10%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615HE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $723224.63    | 0.28%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $488940.50    | 0.19%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Socorro Independent School District                                             | SOCORRO TX INDEP SCH DIST                                    | CUSIP: 833715DG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78122.68     | 0.03%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581JS7<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126918.30   | 0.44%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                               | AUSTIN TX CMNTY CLG DIST                                     | CUSIP: 052404MX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59369.26     | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PH47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110442.79    | 0.04%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZL6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    125000 | PA      | $140141.86    | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532EE0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112659.55    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                            | NEWPORT MESA CA UNIF SCH DIST                                | CUSIP: 652113UL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $192768.42    | 0.08%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TN                                                         | MONTGOMERY CNTY TN                                           | CUSIP: 61366ABN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $194076.68    | 0.08%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DKW4<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    200000 | PA      | $224267.32    | 0.09%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224XB0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    130000 | PA      | $143478.66    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MKE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    210000 | PA      | $235066.94    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                     | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112593.92    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garland Independent School District                                             | GARLAND TX INDEP SCH DIST                                    | CUSIP: 366155E70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $168410.40    | 0.07%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LN50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $327064.84    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                             | RICHMOND VA                                                  | CUSIP: 76541VRW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140299.30    | 0.05%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CV36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $368666.10    | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DMU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $201909.60    | 0.08%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                      | RHODE ISLAND COMMERCE CORP REVENUE                           | CUSIP: 762232AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $401505.39    | 0.16%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854WM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134307.30    | 0.05%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YBA6<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    360000 | PA      | $402383.66    | 0.16%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RWW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $323887.43    | 0.13%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581JQ1<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    325000 | PA      | $366248.45    | 0.14%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN FING CORP REVENUE                  | CUSIP: 34160KAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $134221.30    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV Gas Tax Revenue                                             | WASHOE CNTY NV HIGHWAY REVENUE                               | CUSIP: 940839DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $236663.72    | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH                          | CUSIP: 842477UE9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    240000 | PA      | $248674.97    | 0.10%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $289169.32    | 0.11%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758XF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116024.02    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123U63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $436857.06    | 0.17%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438670Y62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160388.67    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446466J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $242218.03    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553ZA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $175279.38    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HUY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $117961.66    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204H97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $392279.34    | 0.15%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CKD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $309534.45    | 0.12%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                | KATY TX INDEP SCH DIST                                       | CUSIP: 486063VJ6<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |    105000 | PA      | $116620.70    | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DB72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $352237.10    | 0.14%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MJH0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    190000 | PA      | $213037.27    | 0.08%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609T2M9<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67718.22     | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Electric System Revenue                                      | MEMPHIS TN ELEC SYS REVENUE                                  | CUSIP: 586158PX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $163587.65    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DX29<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    105000 | PA      | $117530.71    | 0.05%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139A96<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    365000 | PA      | $406581.17    | 0.16%             | 2027-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Utah Water Conservancy District                                         | CENTRL UT WTR CONSERVANCY DIST WTR REVENUE                   | CUSIP: 15567RBG7<br>LEI: 5493001AT8W3NBIEDB45 | Long             | DBT              | MUN               | US        |    250000 | PA      | $280312.20    | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045MN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $849373.07    | 0.33%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $568930.73    | 0.22%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252LK3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    125000 | PA      | $136078.13    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 4952892Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59302.69     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $225944.85    | 0.09%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KNP0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    520000 | PA      | $581220.85    | 0.23%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174YB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217034.58    | 0.08%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carlsbad Unified School District                                                | CARLSBAD CA UNIF SCH DIST                                    | CUSIP: 142665EH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219186.06    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LKL9<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110059.73    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washoe County School District/NV                                                | WASHOE CNTY NV SCH DIST                                      | CUSIP: 940859EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167904.96    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                                               | BOSTON MA                                                    | CUSIP: 100853ZS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $130126.50    | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430UQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $117482.94    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153BR9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    400000 | PA      | $431396.32    | 0.17%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                | PLANO TX                                                     | CUSIP: 727177TB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110635.74    | 0.04%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 405 Bellevue                                     | KING CNTY WA SCH DIST #405 BELLEVUE                          | CUSIP: 495098YU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $281307.28    | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DG93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $260283.82    | 0.10%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $798465.10    | 0.31%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $180269.97    | 0.07%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                               | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                   | CUSIP: 409327JC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $236092.25    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No 81 Spokane                                    | SPOKANE CNTY WA SCH DIST #81 SPOKANE                         | CUSIP: 848712QU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $248029.14    | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609TLA4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    370000 | PA      | $412708.25    | 0.16%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No 114 Evergreen                                   | CLARK CNTY WA SCH DIST #114 EVERGREEN                        | CUSIP: 181234N92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $175279.38    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LL29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $356992.70    | 0.14%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $468302.31    | 0.18%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham/The                                 | BIRMINGHAM AL WTRWKS BRD WTR REVENUE                         | CUSIP: 091096LS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $277140.18    | 0.11%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                       | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026VM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122790.49    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO                                        | CUSIP: 249164RC0<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112435.88    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553E72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $335291.40    | 0.13%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193TK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $596152.69    | 0.23%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492VJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $348464.61    | 0.14%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GFE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $531803.68    | 0.21%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098P68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $273249.82    | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193NJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $401241.24    | 0.16%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RNZ5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    390000 | PA      | $437617.28    | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542VG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $368961.02    | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $257618.77    | 0.10%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792MJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131849.12    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772J2R2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    225000 | PA      | $246013.52    | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CU52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279515.93    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854ZX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $505901.61    | 0.20%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Multnomah OR                                                          | MULTNOMAH CNTY OR                                            | CUSIP: 625506QG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $353081.01    | 0.14%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001EY4<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    470000 | PA      | $507795.80    | 0.20%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845QJ2<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    160000 | PA      | $180231.14    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581FR3<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |     90000 | PA      | $96498.80     | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                                                | SAN DIEGO CNTY CA WTR AUTH                                   | CUSIP: 797412CE1<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117334.64    | 0.05%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ALD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $518366.09    | 0.20%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Northampton PA                                                        | NORTHAMPTON CNTY PA                                          | CUSIP: 663532JS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158598.93    | 0.06%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                       | LOS ANGELES CA MUNI IMPT CORPLEASE REVENUE                   | CUSIP: 544587G51<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    325000 | PA      | $359210.44    | 0.14%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MA74<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     80000 | PA      | $89802.46     | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848ZW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $270294.94    | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GPX7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    410000 | PA      | $463009.19    | 0.18%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579C54<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    110000 | PA      | $122957.70    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765R2G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $181821.41    | 0.07%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue     | MASSACHUSETTS ST DEPT OF TRANSPRTN MET HIGHWAY SYS REVENUE   | CUSIP: 57563CDF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $337505.56    | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172X91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $365697.96    | 0.14%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DV77<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138603.40    | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051RC2<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    135000 | PA      | $151411.76    | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WNS7<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    220000 | PA      | $250736.13    | 0.10%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $555345.22    | 0.22%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PZV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $387613.24    | 0.15%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA                                                            | HENRICO CNTY VA                                              | CUSIP: 426056F93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61789.44     | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174WK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115019.46    | 0.04%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                               | RIVERSIDE CA UNIF SCH DIST                                   | CUSIP: 769059ZJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91034.46     | 0.04%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA                                                       | VIRGINIA BEACH VA                                            | CUSIP: 927734Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $292137.27    | 0.11%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705L8N0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    295000 | PA      | $312702.12    | 0.12%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                              | SPRING TX INDEP SCH DIST                                     | CUSIP: 8500006B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $169199.84    | 0.07%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418ZC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108144.13    | 0.04%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045RG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56127.23     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                             | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688KS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $360003.44    | 0.14%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765R2K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $402601.52    | 0.16%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZK8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    295000 | PA      | $331407.69    | 0.13%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 812627KD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $96120.95     | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460PV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84214.76     | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MJM2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    340000 | PA      | $377807.63    | 0.15%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCU8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    510000 | PA      | $563207.94    | 0.22%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227SB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212682.90    | 0.08%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428D29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71166.65     | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417CU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $249701.15    | 0.10%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RVT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27959.53     | 0.01%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont Union High School District                                              | FREMONT CA UNION HIGH SCH DIST SANTA CLARA CNTY              | CUSIP: 357172ZJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84598.18     | 0.03%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                          | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $224815.88    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024VC3<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    680000 | PA      | $728973.94    | 0.29%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182RY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $338170.65    | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072582.90   | 0.42%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145V68<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    480000 | PA      | $535405.30    | 0.21%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N7A5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139920.59    | 0.05%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HFM3<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    140000 | PA      | $157585.83    | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172Y41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64604.52     | 0.03%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397ZP4<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    195000 | PA      | $219139.56    | 0.09%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CR31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136513.44    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GPP3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    285000 | PA      | $317032.83    | 0.12%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                 | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                    | CUSIP: 032556MA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $242593.34    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914F6M7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $241835.53    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827YP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110114.01    | 0.04%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Cary NC                                                                 | CARY NC                                                      | CUSIP: 147051YE0<br>LEI: 5493005EXXSJNCUZX878 | Long             | DBT              | MUN               | US        |    125000 | PA      | $140881.46    | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LU45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $265250.07    | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                                      | UNIV OK REVENUES                                             | CUSIP: 91476PRF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108626.16    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                                | HILLSBOROUGH CNTY FL SCH BRD COPS                            | CUSIP: 43232VUB5<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33168.87     | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500353R7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    710000 | PA      | $787472.50    | 0.31%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758WL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $246757.55    | 0.10%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758YB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $191173.84    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                            | CHARLOTTE NC                                                 | CUSIP: 161035LD0<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    120000 | PA      | $134433.35    | 0.05%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AYT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $186520.88    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ALZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112688.28    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542WM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $280523.90    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                            | CHARLES CNTY MD                                              | CUSIP: 159808MF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112929.07    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $242373.80    | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Contra Costa Transportation Authority Sales Tax Revenue                         | CONTRA COSTA CA TRANSPRTN AUTH SALES TAX REVENUE             | CUSIP: 21221MEE6<br>LEI: 549300SFTNA7H8BCAM10 | Long             | DBT              | MUN               | US        |    170000 | PA      | $180327.19    | 0.07%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VWP5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112593.92    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CEW9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    210000 | PA      | $232797.71    | 0.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381QF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61739.95     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QCN4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    325000 | PA      | $358528.89    | 0.14%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876DL8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    695000 | PA      | $779841.64    | 0.31%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                       | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    191312 | NS      | $191350.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417015K8<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    225000 | PA      | $252811.10    | 0.10%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                        | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341LE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108703.75    | 0.04%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HQV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $381971.10    | 0.15%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FFE0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    460000 | PA      | $513898.20    | 0.20%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492TA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94476.86     | 0.04%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission Sales Tax Revenue                    | RIVERSIDE CNTY CA TRANSPRTN COMMISSION                       | CUSIP: 769125GN9<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |    160000 | PA      | $181796.61    | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843NC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $127924.78    | 0.05%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974ELE4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    200000 | PA      | $221765.44    | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168ER1<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |    165000 | PA      | $184682.97    | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GE3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    110000 | PA      | $121078.08    | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152D40<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105723.57    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 591745X66<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    180000 | PA      | $196923.44    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDM5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     95000 | PA      | $105092.53    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MP74<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    175000 | PA      | $184711.63    | 0.07%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $253070.77    | 0.10%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                          | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 9151157S2<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    130000 | PA      | $142423.29    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica Public Financing Authority                                         | SANTA MONICA CA PUBLIC FING AUTH LEASE REVENUE               | CUSIP: 802437FN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72838.64     | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DR23<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     65000 | PA      | $72021.14     | 0.03%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MJT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122389.16    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DDR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $433936.39    | 0.17%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848SP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27886.09     | 0.01%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827236S3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    135000 | PA      | $151140.49    | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098S40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $200661.35    | 0.08%             | 2031-07-01      | 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: 64971XCL0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139502.09    | 0.05%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ADL8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52675.90     | 0.02%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                             | LOUISVILLE & JEFFERSON CNTY KY MET GOVT                      | CUSIP: 546585VE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $166983.41    | 0.07%             | 2027-04-01      | Fixed         | 5.00%                 | 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: 64972HZP0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    290000 | PA      | $323363.69    | 0.13%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CNTY TRANSPRTN                 | CUSIP: 574203PA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121105.53    | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County Water & Sewerage Authority                                      | GWINNETT CNTY GA WTR & SEWERAGE AUTH                         | CUSIP: 403760KM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $562408.20    | 0.22%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH POLL CONTROL FACS REVENUE               | CUSIP: 677660UW0<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    320000 | PA      | $362181.38    | 0.14%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TQY0<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    485000 | PA      | $545743.00    | 0.21%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 341150U40<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60198.91     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Maui HI                                                               | MAUI CNTY HI                                                 | CUSIP: 5772857Q6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $149709.20    | 0.06%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                          | W VIRGINIA ST COMMISSIONER OF HIGHWAYS SPL OBLG              | CUSIP: 95649ADA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $327655.03    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430SJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $223777.02    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MEC5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137059.33    | 0.05%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WZL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $190937.79    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QMB3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $224506.16    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | 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: 64972HZN5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    300000 | PA      | $334823.88    | 0.13%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542VH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $156466.35    | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                          | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707VS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138259.03    | 0.05%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507GK0<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    330000 | PA      | $373986.29    | 0.15%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818MZ29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118154.39    | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corp/The                                      | UNIV OF NEBRASKA NE FACS CORP                                | CUSIP: 914639JC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $179631.86    | 0.07%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                     | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111YM0<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115563.45    | 0.05%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GKR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111940.57    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FXE3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    160000 | PA      | $181161.02    | 0.07%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882724AN7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111955.92    | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FFY5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279432.48    | 0.11%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Environmental Improvement & Energy Resources Authority           | MISSOURI ST ENVRNMNTL IMPT & ENERGY RESOURCES AUTH WTR POLL  | CUSIP: 60636UDD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47864.06     | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                             | IDAHO ST HSG & FIN ASSN                                      | CUSIP: 45129WNV8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    435000 | PA      | $483091.08    | 0.19%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GZ65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $123530.45    | 0.05%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 3411505W6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67406.60     | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 644682Y26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36896.77     | 0.01%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793D55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $435928.23    | 0.17%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Clara CA                                                        | SANTA CLARA CNTY CA                                          | CUSIP: 801546QH8<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |    195000 | PA      | $219550.95    | 0.09%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue                 | ARIZONA ST TRANSPRTN BRD HIGHWAY REVENUE                     | CUSIP: 040654WW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $900988.69    | 0.35%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FPA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $172029.46    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WMR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5471.86      | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792SG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $230436.28    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687HW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $264456.43    | 0.10%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EAE6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    160000 | PA      | $179531.89    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EQR0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    455000 | PA      | $509533.34    | 0.20%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686U67<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    140000 | PA      | $155851.18    | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VFF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $443692.92    | 0.17%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793D97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $185552.43    | 0.07%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WRU8<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    105000 | PA      | $119669.52    | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059TZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $203845.49    | 0.08%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000PW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94580.72     | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308K28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111139.00    | 0.04%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham/The                                 | BIRMINGHAM AL WTRWKS BRD WTR REVENUE                         | CUSIP: 091096LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $221712.14    | 0.09%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AV69<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54879.93     | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX                                                          | FORT BEND CNTY TX                                            | CUSIP: 346766TV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $329626.55    | 0.13%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                            | CHARLOTTE NC                                                 | CUSIP: 161035HW3<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    425000 | PA      | $476118.11    | 0.19%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 61334PCS0<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    420000 | PA      | $455362.61    | 0.18%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014E32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $73105.12     | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612DJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1121063.24   | 0.44%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772J6Q0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    325000 | PA      | $360036.89    | 0.14%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492VX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139364.16    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                                               | BOSTON MA                                                    | CUSIP: 100853YC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100621.46    | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CXE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129619.82    | 0.05%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Foundation/The                             | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726DP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $179638.46    | 0.07%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123U55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $773261.89    | 0.30%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Columbia GA                                                           | COLUMBIA CNTY GA                                             | CUSIP: 197460FJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44358.32     | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11128.17     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kitsap County School District No 401 Central Kitsap                             | KITSAP CNTY WA SCH DIST #401 CENTRAL KITSAP                  | CUSIP: 498098SD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90388.29     | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State University                                                     | WASHINGTON ST UNIV                                           | CUSIP: 9400936Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73516.97     | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                                 | ALASKA ST                                                    | CUSIP: 0117704Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $217916.71    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848RY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82542.92     | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643UL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $229111.44    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 7962375X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167644.89    | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522GM0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    170000 | PA      | $191361.11    | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 8828542Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $123077.36    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C2F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $475937.74    | 0.19%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153AF6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    345000 | PA      | $369311.74    | 0.14%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GRG2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    460000 | PA      | $512404.63    | 0.20%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DGT0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108884.67    | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix AZ                                                              | PHOENIX AZ                                                   | CUSIP: 718814Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $540593.21    | 0.21%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA                                           | CUSIP: 735371PT7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    200000 | PA      | $220286.88    | 0.09%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alamo Community College District                                                | ALAMO TX CMNTY CLG DIST                                      | CUSIP: 011415RJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195546.80    | 0.08%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FJZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $283810.15    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $399375.59    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys | N TEXAS ST MUNI WTR DIST UPPER EFORK WSTWTR INTERCPT         | CUSIP: 662842NM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78203.92     | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417013F1<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51112.13     | 0.02%             | 2027-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                    | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DSX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $389848.90    | 0.15%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $378661.37    | 0.15%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia State School Building Authority Lottery Revenue                   | WEST VIRGINIA ST SCH BLDG AUTH EXCESS LOTTERY REVENUE        | CUSIP: 95639DLQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $291969.04    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558KF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140374.84    | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                             | PROSPER TX INDEP SCH DIST                                    | CUSIP: 743600X45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116277.39    | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LH32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113119.27    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH POLL CONTROL FACS REVENUE               | CUSIP: 677660UV2<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    135000 | PA      | $150999.82    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXW7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    255000 | PA      | $284326.40    | 0.11%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FTK0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    135000 | PA      | $142550.74    | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QBL3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112253.08    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PE32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $279880.15    | 0.11%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AEX9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99141.91     | 0.04%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                               | COLORADO ST BLDG EXCELLENT SCHS TODAY COPS                   | CUSIP: 19668QJA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $193153.29    | 0.08%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MRT8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    180000 | PA      | $202055.54    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854D58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $457195.18    | 0.18%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Finance Corp                                                    | ALABAMA ST HIGHWAY FIN CORP SPL OBLIG REVENUE                | CUSIP: 010573AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $473982.70    | 0.19%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123Q68<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    240000 | PA      | $269346.48    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647CG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $164283.09    | 0.06%             | 2027-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397HT6<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     75000 | PA      | $84284.45     | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ALG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $157424.46    | 0.06%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525VY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $451141.29    | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854D25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44755.40     | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                        | MECKLENBURG CNTY NC                                          | CUSIP: 584002VJ5<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |    340000 | PA      | $379485.46    | 0.15%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $307590.47    | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lincoln NE Electric System Revenue                                      | LINCOLN NE ELEC SYS REVENUE                                  | CUSIP: 534272F79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $371307.64    | 0.15%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HFL5<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    255000 | PA      | $287185.03    | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                          | ARLINGTON CNTY VA                                            | CUSIP: 041431TK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $173807.17    | 0.07%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HVK9<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112878.00    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492TB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $133035.42    | 0.05%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $290910.13    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691CE8<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    300000 | PA      | $337277.25    | 0.13%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward County FL Water & Sewer Utility Revenue                                 | BROWARD CNTY FL WTR & SWR UTILITY REVENUE                    | CUSIP: 115117LN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $192418.20    | 0.08%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HEV5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    170000 | PA      | $190793.28    | 0.07%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Area Community College District                                        | PASADENA CA AREA CMNTY CLG DIST                              | CUSIP: 702185FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $433553.72    | 0.17%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130561.45    | 0.05%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259Y5S4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72204.64     | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PS90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $174876.51    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593RD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $236107.94    | 0.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BC85<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165935.58    | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue     | MASSACHUSETTS ST DEPT OF TRANSPRTN MET HIGHWAY SYS REVENUE   | CUSIP: 57563CEL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219342.78    | 0.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue                 | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST SALES TAX REV   | CUSIP: 797669YV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $213382.33    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 591745B78<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113032.90    | 0.04%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193RQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $303700.43    | 0.12%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 6446823Y0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129625.81    | 0.05%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 3411503K4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39320.52     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009P49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $171334.92    | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MGV1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    305000 | PA      | $339434.87    | 0.13%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                       | UNIV OF CONNECTICUT CT                                       | CUSIP: 914233T76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $73048.74     | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QDR4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55158.29     | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 5917453W2<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    285000 | PA      | $306593.11    | 0.12%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WZT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $192408.86    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385GN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $208006.38    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465P2M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $89847.53     | 0.04%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FTM0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    290000 | PA      | $320030.52    | 0.13%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 4952894F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $578451.43    | 0.23%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $272149.51    | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AGR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $290281.93    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N4S9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    180000 | PA      | $196782.23    | 0.08%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C4P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $637284.74    | 0.25%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                             | NEW MEXICO ST                                                | CUSIP: 647293SB6<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |    150000 | PA      | $166653.45    | 0.07%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473102Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $402986.05    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | MINNEAPOLIS MN                                               | CUSIP: 60375BLF1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |     75000 | PA      | $84996.89     | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NVJ2<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    295000 | PA      | $327654.32    | 0.13%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No 356 Central Valley                            | SPOKANE CNTY WA SCH DIST #356 CENTRAL VLY                    | CUSIP: 848797QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $180072.16    | 0.07%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FFU3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    165000 | PA      | $183798.83    | 0.07%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charleston SC Waterworks & Sewer System Revenue                         | CHARLESTON SC WTRWKS & SWR REVENUE                           | CUSIP: 160429XE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138570.06    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WUX2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    310000 | PA      | $332583.19    | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AGA7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    220000 | PA      | $243913.98    | 0.10%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BSL2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    200000 | PA      | $217465.46    | 0.09%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MSV8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111758.43    | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876EZ6<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    160000 | PA      | $177763.68    | 0.07%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AQT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $500339.67    | 0.20%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848PA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532065.70    | 0.21%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 4386705F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140805.58    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AKC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $208473.32    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $129158.63    | 0.05%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Vermont                                                                | VERMONT ST                                                   | CUSIP: 9242582F2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112447.63    | 0.04%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BW60<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     90000 | PA      | $100495.23    | 0.04%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Unified School District                                               | PALO ALTO CA UNIF SCH DIST                                   | CUSIP: 697379TF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $117180.93    | 0.05%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528UWE7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    375000 | PA      | $413203.54    | 0.16%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                           | GUILFORD CNTY NC                                             | CUSIP: 401784G49<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |    175000 | PA      | $195652.84    | 0.08%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                             | RICHMOND VA                                                  | CUSIP: 76541VTA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $205615.81    | 0.08%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $213607.27    | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $202031.84    | 0.08%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MGR0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    150000 | PA      | $167547.27    | 0.07%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alpine School District/UT                                                       | ALPINE UT SCH DIST                                           | CUSIP: 021087XY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $322494.38    | 0.13%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DXR4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109398.94    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1185150.42   | 0.46%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST ADULT CORRECTIONAL CAPITAL FACS                      | CUSIP: 677524CF5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39276.70     | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193PP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168670.59    | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $300711.58    | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Union High School District                                            | SAN MATEO CA UNION HIGH SCH DIST                             | CUSIP: 799017DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $150227.23    | 0.06%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Harris County Flood Control District                                            | HARRIS CNTY TX FLOOD CONTROL DIST                            | CUSIP: 4140186E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $374709.30    | 0.15%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RZA7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    285000 | PA      | $321076.84    | 0.13%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VKR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116469.39    | 0.05%             | 2027-02-01      | 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: 64972GUA0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    605000 | PA      | $678677.63    | 0.27%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168GY4<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107186.36    | 0.04%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                  | CUSIP: 977100GQ3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    460000 | PA      | $512304.81    | 0.20%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523AX0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    190000 | PA      | $211527.67    | 0.08%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WA61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $206428.75    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385AL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $305619.30    | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                       | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 6591542X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $262431.06    | 0.10%             | 2027-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST COPS                                           | CUSIP: 939720Q35<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    160000 | PA      | $178105.44    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                | UNIV OF N TEXAS UNIV REVENUE                                 | CUSIP: 914729RU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $347407.80    | 0.14%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Water Finance Agency                                                       | UTAH ST WTR FIN AGY REVENUE                                  | CUSIP: 917572WM7<br>LEI: 5493008FZQW2WEDN4040 | Long             | DBT              | MUN               | US        |    250000 | PA      | $277239.25    | 0.11%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AA71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $587914.64    | 0.23%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MKS3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    395000 | PA      | $439723.24    | 0.17%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HZK5<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    235000 | PA      | $265383.31    | 0.10%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams & Arapahoe Joint School District 28J Aurora                               | ADAMS & ARAPAHOE CNTYS CO JT SCH DIST #28J AURORA            | CUSIP: 0054824D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169257.57    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                           | HAMILTON CNTY TN                                             | CUSIP: 4073246M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $245467.13    | 0.10%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $542098.61    | 0.21%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                            | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                 | CUSIP: 68607VN84<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137319.91    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Montana                                                                | MONTANA ST                                                   | CUSIP: 612103WA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $252980.73    | 0.10%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DJM1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    315000 | PA      | $331475.82    | 0.13%             | 2027-07-01      | 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: 64971W7R5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $213717.91    | 0.08%             | 2029-11-01      | 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: 64972GZQ0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    750000 | PA      | $809205.30    | 0.32%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133407P7<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    115000 | PA      | $129809.70    | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham/The                                 | BIRMINGHAM AL WTRWKS BRD WTR REVENUE                         | CUSIP: 091096LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $221712.14    | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68608U2Q8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266955.50    | 0.10%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903PS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128432.93    | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                      | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269A99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67302.83     | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385BH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $252386.46    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Modesto Irrigation District                                                     | MODESTO CA IRR DIST FING AUTH ELEC SYS REVENUE               | CUSIP: 607767AQ3<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42960.39     | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843ND3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143906.65    | 0.06%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KMQ9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    210000 | PA      | $224249.55    | 0.09%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                | UNIV OF N TEXAS UNIV REVENUE                                 | CUSIP: 914729RR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66676.40     | 0.03%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193PQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $522591.13    | 0.20%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152G88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    195000 | PA      | $208554.51    | 0.08%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | UNIV OF MASSACHUSETTS MA BLDG AUTH REVENUE                   | CUSIP: 914437VS4<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67689.29     | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424SH9<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    150000 | PA      | $167911.37    | 0.07%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532GC2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16898.93     | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AFC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157337.12    | 0.06%             | 2027-05-15      | 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: 64971WU40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $340022.08    | 0.13%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                                | SAN JOSE CA UNIF SCH DIST SANTA CLARA CNTY                   | CUSIP: 798186VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $84950.02     | 0.03%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                       | FLORIDA ST DEPT GEN SVCS DIV FACS MGMT REVENUE               | CUSIP: 341602G20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101513.93    | 0.04%             | 2031-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DFQ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    140000 | PA      | $152438.54    | 0.06%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464153T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263430.48    | 0.10%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C8T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $820342.61    | 0.32%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSF3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    395000 | PA      | $446069.83    | 0.17%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193QQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $95609.39     | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204H63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $135190.25    | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sales Tax Revenue                                         | HAMILTON CNTY OH SALES TAX                                   | CUSIP: 407287MC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $332152.06    | 0.13%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854D66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94733.83     | 0.04%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WEW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56166.40     | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MMW2<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    265000 | PA      | $279935.74    | 0.11%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HW51<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278939.93    | 0.11%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876EG8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44970.30     | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | CUSIP: 155048CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110095.12    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GAE3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    110000 | PA      | $121526.42    | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View Los Altos Union High School District/CA                           | MOUNTAIN VIEW LOS ALTOS CA UNION HIGH SCH DIST               | CUSIP: 624454KR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $133300.41    | 0.05%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MJK2<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44679.27     | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                               | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235XS9<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    285000 | PA      | $300677.68    | 0.12%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DP28<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    135000 | PA      | $150804.13    | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                     | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111YG3<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131982.98    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GHB1<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    170000 | PA      | $189060.59    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RYA8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    355000 | PA      | $396742.43    | 0.16%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BZV2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    120000 | PA      | $134116.56    | 0.05%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                    | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DTE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $249352.58    | 0.10%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA                                                              | NORFOLK VA                                                   | CUSIP: 655867UX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95747.54     | 0.04%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367R6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    535000 | PA      | $587463.44    | 0.23%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HJJ6<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1152357.79   | 0.45%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport News VA                                                         | NEWPORT NEWS VA                                              | CUSIP: 652233LE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193523.36    | 0.08%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268DY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $399968.28    | 0.16%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641461S82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $397094.89    | 0.16%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BR33<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    245000 | PA      | $274461.40    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CBU6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    285000 | PA      | $314922.35    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182ND4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $343806.83    | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $88690.28     | 0.03%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204T29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $101996.26    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153DG1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    255000 | PA      | $273035.28    | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MRV3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    300000 | PA      | $336470.58    | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172Q81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $197491.37    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $246332.42    | 0.10%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059TD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $338045.12    | 0.13%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5M2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    580000 | PA      | $636876.25    | 0.25%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 34115PBB0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    215000 | PA      | $241540.31    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521522Z3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    325000 | PA      | $349969.98    | 0.14%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C8R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $433802.95    | 0.17%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA                                                            | HENRICO CNTY VA                                              | CUSIP: 426056U62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $73023.89     | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183WM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63918.52     | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PK35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $949017.40    | 0.37%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966L4K4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $188386.82    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034ASB7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    200000 | PA      | $223960.56    | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Foster City CA                                                          | FOSTER CITY CA                                               | CUSIP: 35005RAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129619.82    | 0.05%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MGS8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279004.45    | 0.11%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647GX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $151750.72    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GWH3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    595000 | PA      | $641969.54    | 0.25%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818NJH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67776.12     | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Tech University System                                                    | TEXAS ST TECH UNIV REVENUES                                  | CUSIP: 882806GQ9<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |    175000 | PA      | $193581.61    | 0.08%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DZL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283489.08    | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Clean Water Fund - State Revolving Fund                    | CONNECTICUT ST REVOLVING FUNDGEN REVENUE                     | CUSIP: 20775YDH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $200675.50    | 0.08%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FUX4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    535000 | PA      | $600056.32    | 0.23%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AMC6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    450000 | PA      | $501919.38    | 0.20%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522UW2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    145000 | PA      | $162899.44    | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000PF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $166973.85    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FFV1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139957.04    | 0.05%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PUK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $273103.95    | 0.11%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer