# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0001752724-23-034855
**Filing Date:** 2023-2
**Character Count:** 61140
**Document Hash:** d9f6ccf5e74a0c3644d3222b9d57a109
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-034855.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-034855

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 23656925

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FIXED INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FLEXIBLE BOND FUND
- **DATE OF NAME CHANGE:** 19860904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CORPORATE BOND FUND INC
- **DATE OF NAME CHANGE:** 19851225

## Series and Classes Contracts Data

### Fidelity Municipal Income 2025 Fund (Series ID: S000057383)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000183196 | Fidelity Municipal Income 2025 Fund                  | FIMSX           |
| C000183197 | Fidelity Advisor Municipal Income 2025 Fund: Class A | FAMHX           |
| C000183198 | Fidelity Advisor Municipal Income 2025 Fund: Class I | FAMYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Salem Street Trust

- **b. Investment Company Act file number:** 811-02105

- **c. CIK number of Registrant:** 0000035315

- **d. LEI of Registrant:** S4W85DGKOEJ24DPRB829

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Municipal Income 2025 Fund

- **b. EDGAR series identifier (if any):** S000057383

- **c. LEI of Series:** 549300KUQFM31HE3YG03

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $26337074.51

**Total Liabilities:** $51624.48

**Net Assets:** $26285450.03

**Cash Not Reported:** $152417.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 66.09979900 | **1-Year:** 3624.89694300 | **5-Year:** 2045.21682200 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 10.08488700 | **1-Year:** 188.93013800 | **5-Year:** 110.40020750 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000183198 | -0.06%               | 1.80%                | 0.15%                |
| Class ID C000183196 | -0.06%               | 1.80%                | 0.15%                |
| Class ID C000183197 | -2.83%               | -1.02%               | -2.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-49873.79                                 |
| Month 2  | $0.00                    | $427708.04                                 |
| Month 3  | $0.00                    | $2483.30                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                      | WISCONSIN ST HT 5% 8/15/2054                                                 | CUSIP: 97712DN77<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41407.55     | 0.16%             | 2054-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TAMPA FL HOSP REV                                              | TAMPA FL HOSP (H LEE MOFFITT CANCER CTR AND RESEARCH INST OBL GRP) 5% 7/1/25 | CUSIP: 875161BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104310.71    | 0.40%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                      | IL SALES TAX 5% 6/15/2025                                                    | CUSIP: 452227LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102980.02    | 0.39%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REV                    | CT ST HLTH and REV 5% 7/1/2025                                               | CUSIP: 20774YY76<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    400000 | PA      | $419200.60    | 1.59%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                     | VT STUD LN 5% 6/15/2025 @                                                    | CUSIP: 92428CJW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310535.13    | 1.18%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                      | WISCONSIN ST HT 5% 5/1/25                                                    | CUSIP: 97712DHZ2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102000.71    | 0.39%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                 | CT ST 5% 6/15/2025                                                           | CUSIP: 20772JF31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $184639.54    | 0.70%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUBOIS PA HOSP AUTH HOSP REV                                   | DUBOIS PA HSP 5% 7/15/2025                                                   | CUSIP: 263804AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $114059.92    | 0.43%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRAND TRAVERSE CNTY MI HOSP                                    | GRAND TRAV HOSP A 5% 7/1/2025                                                | CUSIP: 386523GK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157347.57    | 0.60%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                | KY ST PROP/BAM 5% 4/1/25                                                     | CUSIP: 49151FXZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313068.00    | 1.19%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH and HI ED FACS                                | MD HEFA 5% 7/1/2025                                                          | CUSIP: 5742183T8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156795.92    | 0.60%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUTLER CO PA HOSP                                              | BUTLER PA HOSP 5% 7/1/2025                                                   | CUSIP: 123592DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31125.41     | 0.12%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                   | OH HI ED COM 5% 5/1/2025                                                     | CUSIP: 67756DDG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $197688.37    | 0.75%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                        | HOUSTON TX ARPT 5% 7/1/2025 @                                                | CUSIP: 442349CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207551.20    | 0.79%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                           | ILLINOIS FIN AT 5% 9/1/2025                                                  | CUSIP: 45204E6P8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204254.98    | 0.78%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                 | PHX CVC APT REV 5% 7/1/2025 @                                                | CUSIP: 71883MKR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259863.75    | 0.99%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                       | MASS DEVEL FIN 5% 7/1/2025                                                   | CUSIP: 57584Y3Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128754.15    | 0.49%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAINE HLTH and HI ED FACS AU REV                               | ME HHEFA 5% 7/1/2025                                                         | CUSIP: 560427VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $267303.17    | 1.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA AUTH REV                                      | DELAWARE CTY PA (CABRINI UNIVERSITY) 5% 7/1/25                               | CUSIP: 245913MD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125706.74    | 0.48%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                               | MA DFA S-2 5% MT                                                             | CUSIP: 57584X7C9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10384.99     | 0.04%             | 2038-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| KENDALL KNE and WILL CO IL USD 308                             | KENDALL K and W IL/AGM 0% 02/01/2025                                         | CUSIP: 488764SY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $172898.84    | 0.66%             | 2025-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PORT AUTH OH GAS REV                                 | LANCASTER PORT 5% 2/1/2025                                                   | CUSIP: 514401AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203818.58    | 0.78%             | 2025-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                           | ILLINOIS FIN AT 5% 7/15/2025                                                 | CUSIP: 45204EZM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210256.98    | 0.80%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAINE HEALTH and HIGHER EDL FACS AUTH REV                      | ME ST HLT(UNIV N ENG)4% 7/1/25                                               | CUSIP: 56042RFS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $474550.96    | 1.81%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                       | MASS DEVEL FIN 5% 4/1/25                                                     | CUSIP: 57584YCR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256240.00    | 0.97%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDA ST LEASE REV                                    | NJ EDA ST LEASE 5% 6/15/2025                                                 | CUSIP: 64578EJB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208359.96    | 0.79%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE                                         | NJ HLTH CARE 5% 7/1/2025                                                     | CUSIP: 645790BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $410288.12    | 1.56%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                   | OH HI ED COM 2016 - XAVIER UNIV 5% 5/1/2025                                  | CUSIP: 67756DKQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104046.51    | 0.40%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL SCH BRD                                     | PALM BCH SCH BR 5% 8/1/2025                                                  | CUSIP: 696550D74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52687.41     | 0.20%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRAN AU                                 | DC MET TRAN 5% 7/1/2025                                                      | CUSIP: 938782FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263911.00    | 1.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                      | WISCONSIN ST HT 5% 4/1/2025                                                  | CUSIP: 97712DVN3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    155000 | PA      | $161648.93    | 0.61%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJECT                                  | CENTRAL PLAINS 4% MT                                                         | CUSIP: 154872AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124674.00    | 0.47%             | 2049-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY ALA MED CLINIC BRD HEALTH CARE FAC REV              | MONTGMRY AL MED 5% 3/1/2025                                                  | CUSIP: 613058CS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100356.68    | 0.38%             | 2025-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                     | VT STUD LN 5% 6/15/2025 @                                                    | CUSIP: 92428CMB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258779.28    | 0.98%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH SYS REV                                | IN FIN HSR 2.25% 12/1/2058                                                   | CUSIP: 45470YEX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $53662.49     | 0.20%             | 2058-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                    | IL ST 5.5% 7/1/25                                                            | CUSIP: 452152SS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201731.58    | 0.77%             | 2025-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                   | OH HI ED COM 5% 7/1/2025                                                     | CUSIP: 67756DNP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208134.12    | 0.79%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                      | PORTLND OR ARPT 5% 7/1/2025 @                                                | CUSIP: 735240L35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $436571.10    | 1.66%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEG CNTY PA DEV AUTH                                         | ALLGNY CNTY HDA 5% 7/15/2025                                                 | CUSIP: 01728A4K9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $628526.04    | 2.39%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                | CONN ST HEALTH 5% 7/1/2025                                                   | CUSIP: 20775DDL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50645.77     | 0.19%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                            | PR ST 5.375% 7/1/2025                                                        | CUSIP: 74514L3F2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100753.82    | 0.38%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON TWP CA HEALTH CARE DIST REV                         | WA TWP CA HC 5% 7/1/25                                                       | CUSIP: 940204EN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $277914.46    | 1.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRAL PA GEN AUTH REV                                   | SOUTHCENTRAL PA 5% 6/1/2025                                                  | CUSIP: 84129NLL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314741.01    | 1.20%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG and CMNTY DEV SF                                | IN HSG CDA 5% 7/1/2025                                                       | CUSIP: 45505TSK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316247.85    | 1.20%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                       | SAN DIEGO ARPT 5% 7/1/2025@                                                  | CUSIP: 79739GFZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155554.35    | 0.59%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CALIF MUD ELEC REV                                  | SAC CA MUN UTIL 5% 7/1/2025                                                  | CUSIP: 786009BZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $581013.02    | 2.21%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                 | PHX CVC APT REV 5% 7/1/2025                                                  | CUSIP: 71883MLL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263849.10    | 1.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NH HEALTH and ED FACS AUTH REV                                 | NH HEFA 5% 10/1/2025                                                         | CUSIP: 6446147T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73338.42     | 0.28%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CTR PUB FACS DIST                     | WASHINGTON ST C 5% 7/1/2025                                                  | CUSIP: 93976AAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $159320.45    | 0.61%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST LOUIS MO ARPT REV                                           | ST LOUIS MO AIR/AGM 5% 7/1/25                                                | CUSIP: 791638D71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $388214.92    | 1.48%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                 | MA ED LN AUTH 5% 7/1/2025@                                                   | CUSIP: 57563RPC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258712.90    | 0.98%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOC DEV CORP REV                              | DUTCHESS NY LDC (HEALTH QUEST SYSTEMS) 5% 7/1/25                             | CUSIP: 267045FR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31045.55     | 0.12%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                 | CT ST 5% 8/15/2025                                                           | CUSIP: 20772J2P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $349472.64    | 1.33%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                             | BROW CO FL ARPT 5% 10/1/2025 @                                               | CUSIP: 114894XE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520904.65    | 1.98%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                           | ILLINOIS FIN AT 5% 5/15/2025                                                 | CUSIP: 45204ELR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260297.98    | 0.99%             | 2025-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL REV                                 | PA HEFA 5% 6/15/2025                                                         | CUSIP: 70917SSU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210191.00    | 0.80%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST LOUIS MO ARPT REV                                           | ST LOUIS MO AIR 5% 7/1/25@                                                   | CUSIP: 791638F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259863.75    | 0.99%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUCKS CNTY PA IDA HOSP REV                                     | BUCKS PA HOSP 5% 7/1/2025                                                    | CUSIP: 11861MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $383036.21    | 1.46%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                | CONN ST HEALTH 5% 7/1/2025                                                   | CUSIP: 20775DNV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $181099.03    | 0.69%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY                    | NJ ST EDU AUT 5% 7/1/2025                                                    | CUSIP: 646066WR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15661.26     | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                | KY ST PROP 5% 10/1/2025                                                      | CUSIP: 49151FSM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105334.48    | 0.40%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST                                       | PHILA PA SD 5% 09/01/25                                                      | CUSIP: 717883US9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52516.13     | 0.20%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY                    | NJ ST EDU AUT 5% 7/1/25                                                      | CUSIP: 646066K41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108710.18    | 0.41%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REV                    | CT ST HLTH and REV 5% 07/01/25                                               | CUSIP: 20774Y4D6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    280000 | PA      | $282892.76    | 1.08%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ TRANSN EXCISE TAX REV                              | GLENDALE AZ EXC 5% 7/1/25                                                    | CUSIP: 378325BG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79154.73     | 0.30%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                               | MASS MA SER I 5% 7/1/25                                                      | CUSIP: 57584XND9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51609.90     | 0.20%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                     | VT STUD LN 5% 6/15/2025@                                                     | CUSIP: 92428CLU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108687.30    | 0.41%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REV                                    | PUBLIC FIN WIS 5% 6/1/2025                                                   | CUSIP: 74442CBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $186462.72    | 0.71%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                 | NJ TRANSP 5% 6/15/2025                                                       | CUSIP: 6461362A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41691.17     | 0.16%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST                                       | PHILA PA SD 5% 9/1/25                                                        | CUSIP: 717883QC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20995.99     | 0.08%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NIAGARA NY FRONTIER TRANSN                                     | NIAGRA NY FRONT 5% 4/1/2025@                                                 | CUSIP: 653544DR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $262859.81    | 1.00%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                       | MASS DEVEL FIN 5% 7/1/2025                                                   | CUSIP: 57584YSU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52155.36     | 0.20%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                   | CONNECTICUT S 5% 5/15/2025 @                                                 | CUSIP: 20775HBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $969837.26    | 3.69%             | 2025-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                            | PORT SEATTLE 5% 5/1/2025 @                                                   | CUSIP: 735389ZM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $482017.05    | 1.83%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| E-470 PUB HWY AUTH COLO REV                                    | E-470 PUB HWY AUTH COLO REV CAP APPREC-SR-SER B                              | CUSIP: 26822LBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $184323.08    | 0.70%             | 2025-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CTY MUN WTR FIN AU                                 | NYC WTR 5% 6/15/27                                                           | CUSIP: 64972GFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211147.92    | 0.80%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH REV                                 | MA PORT 5% 7/1/2025@                                                         | CUSIP: 575896UR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312932.13    | 1.19%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAGINAW MI HOSP FIN AUTH HOSP                                  | SAGINAW HOSP 5% 7/1/2025                                                     | CUSIP: 786744HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104310.71    | 0.40%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                 | CHIC IL OHARE SER D 5% 1/1/25@                                               | CUSIP: 167593D90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102913.75    | 0.39%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                  | GT ORLANDO ARPT 5% 10/1/2025 @                                               | CUSIP: 3922744S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98895.97     | 0.38%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAINE HEALTH and HIGHER EDL FACS AUTH REV                      | ME ST HEALTH 4% 7/1/2025                                                     | CUSIP: 56042RLR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102053.97    | 0.39%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                     | BLACK BELT ENE 5.25% 6/1/2025                                                | CUSIP: 09182TBX4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513240.60    | 1.95%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL REV                                 | PA HEFA 5% 5/1/2025                                                          | CUSIP: 70917SXG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $464838.86    | 1.77%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                    | PHIL PA AIRPORT 5% 7/1/2025                                                  | CUSIP: 717817SZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52351.02     | 0.20%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA REV                                          | DC WA REV 5% 10/1/2025                                                       | CUSIP: 25483VUA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78396.03     | 0.30%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                                      | HI ST 5% 5/1/2025                                                            | CUSIP: 419792RA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052644.60   | 4.00%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                    | ONONDAGA NY CDC 5% 1/1/2025                                                  | CUSIP: 682832ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15329.66     | 0.06%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP         | NEW HAMPSHIRE H 5% 7/1/2025                                                  | CUSIP: 64461XEM3<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210980.28    | 0.80%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REV                    | CT ST HLTH and REV 5% 7/1/2025                                               | CUSIP: 20774Y5U7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202066.26    | 0.77%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                     | SLT LAKE U 5% 7/1/2025 @                                                     | CUSIP: 795576FJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31132.68     | 0.12%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SCH BRD CTFS                                  | SEMINOLE FL SCH 5% 7/1/25                                                    | CUSIP: 816692MR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42166.38     | 0.16%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WARREN MI CSD                                                  | WARREN MI CSD 4% 5/1/2025                                                    | CUSIP: 935341G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255856.18    | 0.97%             | 2025-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                    | CHATANOOGA HLTH 5% 8/1/2025                                                  | CUSIP: 162410DW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259961.38    | 0.99%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                   | Fidelity Municipal Cash Central Fund                                         | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    166967 | NS      | $167000.01    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                      | CLARK CO NV SD 5% 6/15/2025                                                  | CUSIP: 181059WV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63188.28     | 0.24%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARTFORD CT                                                    | HARTFORD CT 5% 7/15/2025                                                     | CUSIP: 416415HV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158331.80    | 0.60%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DOYLESTOWN PA HOSP AUTH HOSP                                   | DOYLSTN PA HOSP 5% 7/1/2025                                                  | CUSIP: 261333ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $123303.66    | 0.47%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL HOSP SYS REV                                       | LAKELND MED CTR 5% 11/15/2025                                                | CUSIP: 511665JY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $450534.18    | 1.71%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                           | ILLINOIS FIN AT 5% 01/01/2025                                                | CUSIP: 45204EQZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $150671.36    | 0.57%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                       | MASS DEVEL FIN 5% 7/1/2025                                                   | CUSIP: 57584YRN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $175637.54    | 0.67%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST LOUIS MO ARPT REV                                           | ST LOUIS MO AIR 5% 7/1/2025                                                  | CUSIP: 791638L23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $303635.89    | 1.16%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                            | ATLANTA GA ARPT 5% 7/1/2025 @                                                | CUSIP: 04780MVF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51972.75     | 0.20%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY HSP DIST OH                                  | AKRON BATH HSP 5% 11/15/2025                                                 | CUSIP: 009730NM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156161.34    | 0.59%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY                    | NJ ST EDU AUT 5% 7/1/2025                                                    | CUSIP: 646066WZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52240.85     | 0.20%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH MIAMI FL HLTH FCS HSP RV                                 | SOUTH MIAMI FL 5% 8/15/25                                                    | CUSIP: 838810DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209169.44    | 0.80%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLINT MI HOSP BLDG AUTH REV                                    | FLINT MI BLDG 5% 7/1/2025                                                    | CUSIP: 339511EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308218.47    | 1.17%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST TRANSN FD REV                                 | MA ST TRANS REV 5% 6/1/2025                                                  | CUSIP: 57604THR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $395846.93    | 1.51%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALEM ECONOMIC DEVELOPMENT AUTHORITY                           | SALEM ECONOMIC 5% 4/1/2025                                                   | CUSIP: 794565AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128445.06    | 0.49%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                    | PHIL PA AIRPORT 5% 7/1/2025 @                                                | CUSIP: 717817TX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217521.91    | 0.83%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV                        | CHICAGO IL TRNST 5% 6/1/25                                                   | CUSIP: 167723GX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259151.90    | 0.99%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KNOX CNY TN HL E HSC FCS BD RV                                 | KNOX CY TN H RV 5% 9/1/2025                                                  | CUSIP: 49952MCQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15525.47     | 0.06%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                               | MA DFA(CAREGRP, MA) 5% 7/1/25                                                | CUSIP: 57584XDQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156466.07    | 0.60%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY PA HOSP AUTH REV                                   | MONROE PA (POCONO MED CTR) 5% 7/1/25                                         | CUSIP: 610773FY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52155.36     | 0.20%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REV                    | CT ST HLTH and REV 5% 7/1/25                                                 | CUSIP: 20774YB55<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41753.58     | 0.16%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                  | GT ORLANDO ARPT 5% 10/1/2025 ETM @                                           | CUSIP: 3922744M5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $215382.92    | 0.82%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV | MET PIER and EXPO 0% 6/15/2025                                               | CUSIP: 592248EC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $247130.11    | 0.94%             | 2025-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REV                                        | IN FIN REV 5% 9/1/25                                                         | CUSIP: 45506DZY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26362.93     | 0.10%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIFIED SCH DIST                                      | POWAY CA USD 0% 8/1/2025                                                     | CUSIP: 738850QH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $83229.45     | 0.32%             | 2025-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                      | WI ST HT 5% 2/15/27                                                          | CUSIP: 97712DRQ1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10558.17     | 0.04%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRE CNTY PA HOSP AUTH REV                                   | CENTRE CNTY PA 5% 11/15/25                                                   | CUSIP: 156273GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105702.19    | 0.40%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                    | ONONDAGA NY CDC (LE MOYNE COLLEGE) 5% 7/1/25                                 | CUSIP: 682832CP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102763.44    | 0.39%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP         | NEW HAMPSHIRE A-1 5% 08/01/25                                                | CUSIP: 64461XFD2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52231.13     | 0.20%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                 | NEW JERSEY ST TRANSN TR FD CAP APPREC-TRANSN SYS-SER C AMBAC                 | CUSIP: 646136EN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $126746.12    | 0.48%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HSP FAC AUTH                                 | CLACKAMS HSP OR 4% 5/15/2025                                                 | CUSIP: 179027XJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197507.94    | 0.75%             | 2025-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KNOX CNY TN HL E HSC FCS BD RV                                 | KNOX CY TN H RV 5% 4/1/2025                                                  | CUSIP: 49952MDY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $272706.54    | 1.04%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV           | GOLDEN ST TOBAC 5% 6/1/2040                                                  | CUSIP: 38122NZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $386256.07    | 1.47%             | 2040-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                  | N ORLEANS AVIAT 5% 1/1/2025@                                                 | CUSIP: 64763HGU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102816.62    | 0.39%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                      | WISCONSIN ST HT 5% 9/1/2025                                                  | CUSIP: 97712DYB6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105425.44    | 0.40%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV                                 | HAMILTON HOSP OH 5% 8/15/25                                                  | CUSIP: 407272T60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $147499.00    | 0.56%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Laura M. Del Prato

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

**Title:** President and Treasurer