# EDGAR Filing Document

**Accession Number:** 0001221845
**File Stem:** 0001752724-25-205161
**Filing Date:** 2025-8
**Character Count:** 361979
**Document Hash:** fea624d7f9484005d3051fae7cf35a0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205161.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205161

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK ALLOCATION TARGET SHARES
- **CENTRAL INDEX KEY:** 0001221845

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21457
- **FILM NUMBER:** 251255669

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK BOND ALLOCATION TARGET SHARES
- **DATE OF NAME CHANGE:** 20030306

## Series and Classes Contracts Data

### BATS SERIES E (Series ID: S000046220)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000144517 | BATS SERIES E | BATEX           |

## Nport-Ex

Schedule of Investments (unaudited)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Building Products — 0.1%** | **Building Products — 0.1%** | **Building Products — 0.1%** |
| TimberHP by GO Lab, Inc.<sup>(a)</sup> <br>**(Cost: $—)**<br>| 74672 | $501049 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** |
| Brightline East LLC, 11.00%, 01/31/30<sup>(b)</sup> | USD  | 346 | 256040 |
| **Total Corporate Bonds — 0.1%** <br>**(Cost: $248,471)** | **Total Corporate Bonds — 0.1%** <br>**(Cost: $248,471)** | **Total Corporate Bonds — 0.1%** <br>**(Cost: $248,471)** | 256040 |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 3.9%** | **Alabama — 3.9%** | **Alabama — 3.9%** | **Alabama — 3.9%** |
| &nbsp;&nbsp;&nbsp; Baldwin County IDA, RB, AMT, Series A, 5.00%, <br> 06/01/55<sup>(b)(c)</sup><br>|  | 1195 | 1201363 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Refunding RB, 4.00%, <br> 06/01/51<sup>(c)</sup><br>|  | 1100 | 1098120 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Sewer Revenue, Refunding RB, <br> 5.25%, 10/01/49<br>|  | 3020 | 3051748 |
| Hoover IDB, RB, AMT, 6.38%, 11/01/50<sup>(c)</sup> |  | 1295 | 1428418 |
| Mobile County IDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A, 5.00%, 06/01/54 |  | 5740 | 5475684 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series B, 4.75%, 12/01/54 |  | 3970 | 3625126 |
| Southeast Energy Authority A Cooperative District |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.00%, 11/01/51<sup>(c)</sup> |  | 1785 | 1792425 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 01/01/56<sup>(c)</sup> |  | 1000 | 1017558 |
|  |  |  | 18690442 |
| **Arizona — 2.6%** | **Arizona — 2.6%** | **Arizona — 2.6%** | **Arizona — 2.6%** |
| Arizona IDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 07/01/45<sup>(b)</sup> |  | 265 | 245290 |
| &nbsp;&nbsp;&nbsp; RB, 7.10%, 01/01/55<sup>(b)</sup> |  | 900 | 906779 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 07/01/55<sup>(b)</sup> |  | 285 | 250196 |
| &nbsp;&nbsp;&nbsp; RB, Series B, 5.13%, 07/01/47<sup>(b)</sup> |  | 195 | 183151 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.50%, 07/01/52<sup>(b)</sup> |  | 610 | 561568 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.00%, 07/01/26<sup>(b)</sup> |  | 125 | 126055 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.13%, 07/01/37<sup>(b)</sup> |  | 605 | 606825 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series G, 5.00%, 07/01/47<sup>(b)</sup> |  | 185 | 173385 |
| City of Phoenix IDA (The), RB, 5.00%, 07/01/46<sup>(b)</sup> |  | 570 | 533233 |
| County of Pima IDA (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.13%, 07/01/39 |  | 145 | 136178 |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 07/01/49 |  | 180 | 155527 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 06/15/51<sup>(b)</sup> |  | 625 | 475755 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 07/01/56<sup>(b)</sup> |  | 295 | 234091 |
| Glendale IDA, RB, 5.00%, 05/15/56 |  | 305 | 257242 |
| La Paz County IDA, RB, 5.88%, 06/15/48<sup>(b)</sup> |  | 285 | 266845 |
| Maricopa County IDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 10/01/40<sup>(b)</sup> |  | 280 | 252653 |
| &nbsp;&nbsp;&nbsp; RB, 5.50%, 10/01/51<sup>(b)</sup> |  | 280 | 239825 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.00%, 10/15/47<sup>(b)</sup> |  | 5970 | 5121228 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 4.13%, 09/01/38 |  | 230 | 221270 |
| Sierra Vista IDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/34<sup>(b)</sup> |  | 45 | 46237 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/44<sup>(b)</sup> |  | 395 | 370475 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/54<sup>(b)</sup> |  | 440 | 394681 |
| &nbsp;&nbsp;&nbsp; RB, 6.38%, 06/15/64<sup>(b)</sup> |  | 445 | 452506 |
|  |  |  | 12210995 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Arkansas — 0.7%** | **Arkansas — 0.7%** | **Arkansas — 0.7%** | **Arkansas — 0.7%** |
| Arkansas Development Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.45%, 09/01/52 | USD  | 2000 | $1990794 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.70%, 05/01/53 |  | 350 | 354133 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A, 6.88%, 07/01/48<sup>(b)</sup> |  | 900 | 960588 |
|  |  |  | 3305515 |
| **California — 8.4%** | **California — 8.4%** | **California — 8.4%** | **California — 8.4%** |
| California HFA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series 2021-3, Class A, 3.25%, 08/20/36 |  | 924 | 861338 |
| &nbsp;&nbsp;&nbsp; RB, Series S, 8.00%, 07/01/67<sup>(b)(c)</sup> |  | 1575 | 1577200 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, AMT, Series A, 9.50%, 01/01/65<sup>(b)(c)</sup><br>|  | 19770 | 18733217 |
| California Municipal Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.63%, 07/01/44<sup>(b)</sup> |  | 150 | 149206 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.00%, 07/15/29 |  | 2500 | 2442407 |
| &nbsp;&nbsp;&nbsp; California Public Finance Authority, RB, Series A, 6.38%, <br> 06/01/59<sup>(b)</sup><br>|  | 2250 | 2017745 |
| &nbsp;&nbsp;&nbsp; California School Finance Authority, Refunding RB, 5.00%, <br> 07/01/51<sup>(b)</sup><br>|  | 300 | 296634 |
| California Statewide Financing Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 6.00%, 05/01/43 |  | 315 | 315024 |
| &nbsp;&nbsp;&nbsp; RB, 6.00%, 05/01/43 |  | 85 | 85007 |
| City of Los Angeles Department of Airports |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.25%, 05/15/47 |  | 1500 | 1517693 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Series D, 4.00%, 05/15/51 |  | 4000 | 3409091 |
| CSCDA Community Improvement Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 4.00%, 10/01/46<sup>(b)</sup> |  | 1055 | 824900 |
| &nbsp;&nbsp;&nbsp; RB, 4.00%, 07/01/56<sup>(b)</sup> |  | 205 | 156070 |
| &nbsp;&nbsp;&nbsp; RB, 4.00%, 03/01/57<sup>(b)</sup> |  | 505 | 358620 |
| &nbsp;&nbsp;&nbsp; RB, 4.00%, 07/01/58<sup>(b)</sup> |  | 300 | 168571 |
| &nbsp;&nbsp;&nbsp; RB, 4.00%, 07/01/58<sup>(b)</sup> |  | 265 | 176839 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 3.00%, 09/01/56<sup>(b)</sup> |  | 1090 | 702952 |
| &nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp., Refunding RB, <br> Series B-2, 0.00%, 06/01/66<sup>(d)</sup><br>|  | 38855 | 4087615 |
| &nbsp;&nbsp;&nbsp; Hastings Campus Housing Finance Authority, RB, <br> Series A, 0.00%, 07/01/61<sup>(b)</sup><br>|  | 1045 | 490239 |
| &nbsp;&nbsp;&nbsp; Inland Empire Tobacco Securitization Corp., RB, <br> Series C-1, 0.00%, 06/01/36<sup>(d)</sup><br>|  | 3845 | 1748639 |
|  |  |  | 40119007 |
| **Colorado — 4.8%** | **Colorado — 4.8%** | **Colorado — 4.8%** | **Colorado — 4.8%** |
| &nbsp;&nbsp;&nbsp; Amber Creek Metropolitan District, GO, Refunding, <br> Series A, 5.13%, 12/01/47<br>|  | 1000 | 914416 |
| &nbsp;&nbsp;&nbsp; Aviation Station North Metropolitan District No. 2, GO, <br> Series A, 5.00%, 12/01/48<br>|  | 500 | 456429 |
| &nbsp;&nbsp;&nbsp; Banning Lewis Ranch Metropolitan District No. 8, GO, <br> 4.88%, 12/01/51<sup>(b)</sup><br>|  | 500 | 423401 |
| &nbsp;&nbsp;&nbsp; Baseline Metropolitan District No. 1, GO, Series B, 6.75%, <br> 12/15/54<br>|  | 530 | 530086 |
| &nbsp;&nbsp;&nbsp; Canyons Metropolitan District No. 5, GO, Refunding, <br> Series B, 6.50%, 12/15/54<br>|  | 500 | 498598 |
| &nbsp;&nbsp;&nbsp; Centerra Metropolitan District No. 1, TA, 5.00%, <br> 12/01/47<sup>(b)</sup><br>|  | 155 | 140425 |
| Colorado Educational & Cultural Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series B, 8.50%, 02/01/59<sup>(b)</sup> |  | 3190 | 3241136 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 12/01/30<sup>(b)</sup> |  | 100 | 97972 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 12/15/45<sup>(b)</sup> |  | 500 | 462376 |
| Colorado Health Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.50%, 11/01/47 |  | 120 | 123997 |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 11/01/52 |  | 305 | 308441 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 05/15/35 |  | 250 | 213040 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 05/15/44 |  | 270 | 204986 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 05/15/49 |  | 420 | 303476 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Colorado (continued)** | **Colorado (continued)** | **Colorado (continued)** | **Colorado (continued)** |
| Creekwalk Marketplace Business Improvement District |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 6.00%, 12/01/54 | USD  | 2025 | $1844949 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series B, 8.00%, 12/15/54 |  | 513 | 515487 |
| &nbsp;&nbsp;&nbsp; Denver Convention Center Hotel Authority, Refunding RB, <br> 5.00%, 12/01/40<br>|  | 950 | 940277 |
| &nbsp;&nbsp;&nbsp; Elbert County Independence Water & Sanitation District, <br> Refunding RB, 5.13%, 12/01/33<br>|  | 500 | 500623 |
| &nbsp;&nbsp;&nbsp; Gold Hill North Business Improvement District, GO, <br> Series A, 5.60%, 12/01/54<sup>(b)</sup><br>|  | 500 | 466032 |
| &nbsp;&nbsp;&nbsp; Highlands Metropolitan District No. 1, GO, 5.00%, <br> 12/01/51<br>|  | 575 | 467301 |
| Independence Metropolitan District No. 3 |  |  |  |
| &nbsp;&nbsp;&nbsp; GO, Series B, 7.13%, 12/15/54 |  | 500 | 502727 |
| &nbsp;&nbsp;&nbsp; GO, Refunding, Series A, 5.38%, 12/01/54 |  | 680 | 642704 |
| &nbsp;&nbsp;&nbsp; Lanterns Metropolitan District No. 2, GO, Series A, 4.50%, <br> 12/01/50<br>|  | 500 | 367971 |
| &nbsp;&nbsp;&nbsp; Loretto Heights Community Authority, RB, 4.88%, <br> 12/01/51<br>|  | 570 | 429640 |
| &nbsp;&nbsp;&nbsp; North Holly Metropolitan District, GO, Series A, 5.50%, <br> 12/01/48<br>|  | 500 | 478599 |
| &nbsp;&nbsp;&nbsp; North Range Metropolitan District No. 3, GO, Series A, <br> 5.25%, 12/01/50<br>|  | 500 | 483670 |
| &nbsp;&nbsp;&nbsp; Orchard Park Place South Metropolitan District, GO, <br> 6.00%, 12/01/54<sup>(b)</sup><br>|  | 940 | 949508 |
| &nbsp;&nbsp;&nbsp; Palisade Metropolitan District No. 2, Refunding RB, <br> Series B, 0.00%, 12/15/54<sup>(b)</sup><br>|  | 1020 | 923617 |
| &nbsp;&nbsp;&nbsp; Redtail Ridge Metropolitan District, GO, 0.00%, <br> 12/01/32<sup>(d)</sup><br>|  | 3999 | 2401142 |
| &nbsp;&nbsp;&nbsp; Riverpark Metropolitan District/Arapahoe County, GO, <br> 6.00%, 12/01/42<br>|  | 500 | 483659 |
| &nbsp;&nbsp;&nbsp; Sojourn at Idlewild Metropolitan District, GO, Series A, <br> 6.13%, 12/01/55<sup>(b)</sup><br>|  | 500 | 495451 |
| &nbsp;&nbsp;&nbsp; Southlands Metropolitan District No. 1, GO, Refunding, <br> Series A-1, 5.00%, 12/01/37<br>|  | 250 | 250243 |
| &nbsp;&nbsp;&nbsp; St. Vrain Lakes Metropolitan District No. 4, GO, Series A, <br> 0.00%, 09/20/54<sup>(b)</sup><br>|  | 765 | 547082 |
| &nbsp;&nbsp;&nbsp; Waters' Edge Metropolitan District No. 2, GO, 5.00%, <br> 12/01/51<br>|  | 560 | 496007 |
| &nbsp;&nbsp;&nbsp; Westcreek Metropolitan District No. 2, GO, Series A, <br> 5.38%, 12/01/48<br>|  | 500 | 462370 |
|  |  |  | 22567838 |
| **Connecticut — 0.9%** | **Connecticut — 0.9%** | **Connecticut — 0.9%** | **Connecticut — 0.9%** |
| Connecticut State Health & Educational Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.38%, 07/01/54 |  | 775 | 751553 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 01/01/55<sup>(b)</sup> |  | 570 | 461039 |
| Mohegan Tribal Finance Authority, RB, 7.00%, 02/01/45<sup>(b)</sup> |  | 2430 | 2429693 |
| Stamford Housing Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 6.50%, 10/01/55 |  | 375 | 375233 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 6.25%, 10/01/60 |  | 260 | 251538 |
|  |  |  | 4269056 |
| **Delaware — 0.3%** | **Delaware — 0.3%** | **Delaware — 0.3%** | **Delaware — 0.3%** |
| &nbsp;&nbsp;&nbsp; Affordable Housing Opportunities Trust, RB, Series AH-01, <br> Class B, 6.88%, 05/01/39<sup>(b)</sup><br>|  | 663 | 617315 |
| Town of Bridgeville |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Tax Bonds, 5.25%, 07/01/44<sup>(b)</sup> |  | 100 | 98349 |
| &nbsp;&nbsp;&nbsp; Special Tax Bonds, 5.63%, 07/01/53<sup>(b)</sup> |  | 100 | 98508 |
| Town of Milton |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Tax Bonds, 5.70%, 09/01/44<sup>(b)</sup> |  | 150 | 149809 |
| &nbsp;&nbsp;&nbsp; Special Tax Bonds, 5.95%, 09/01/53<sup>(b)</sup> |  | 300 | 301325 |
|  |  |  | 1265306 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** |
| District of Columbia, Refunding RB, 5.00%, 06/01/46 | USD  | 580 | $543563 |
| District of Columbia Tobacco Settlement Financing Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 0.00%, 06/15/46<sup>(d)</sup> |  | 625 | 157455 |
| &nbsp;&nbsp;&nbsp; RB, Series B, 0.00%, 06/15/46<sup>(d)</sup> |  | 10325 | 2440620 |
| &nbsp;&nbsp;&nbsp; RB, Series C, 0.00%, 06/15/55<sup>(d)</sup> |  | 17300 | 1817745 |
|  |  |  | 4959383 |
| **Florida — 13.2%** | **Florida — 13.2%** | **Florida — 13.2%** | **Florida — 13.2%** |
| &nbsp;&nbsp;&nbsp; Alachua County Housing Finance Authority, RB, Series A, <br> 6.30%, 07/01/55<sup>(b)(c)</sup><br>|  | 250 | 251626 |
| &nbsp;&nbsp;&nbsp; Antillia Community Development District, Special <br> Assessment RB, 5.88%, 05/01/54<br>|  | 220 | 221567 |
| &nbsp;&nbsp;&nbsp; Arbors Community Development District, Special <br> Assessment RB, 5.50%, 05/01/55<sup>(b)</sup><br>|  | 1000 | 928880 |
| &nbsp;&nbsp;&nbsp; Bella Collina Community Development District, Special <br> Assessment RB, 5.30%, 05/01/55<br>|  | 155 | 142156 |
| &nbsp;&nbsp;&nbsp; Berry Bay II Community Development District, Special <br> Assessment RB, 5.45%, 05/01/54<br>|  | 225 | 217082 |
| Brevard County Health Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 11/15/26<sup>(b)</sup> |  | 475 | 474648 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 11/15/28<sup>(b)</sup> |  | 510 | 507644 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 11/15/30<sup>(b)</sup> |  | 555 | 537014 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 11/15/34<sup>(b)</sup> |  | 650 | 600668 |
| Buckhead Trails Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.60%, 05/01/44 |  | 350 | 340115 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, Series 2022, 5.75%, 05/01/52 |  | 210 | 212365 |
| Capital Projects Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 6.63%, 06/15/59<sup>(b)</sup> |  | 145 | 144648 |
| &nbsp;&nbsp;&nbsp; RB, Series 1, 9.00%, 06/15/42<sup>(b)</sup> |  | 115 | 115003 |
| &nbsp;&nbsp;&nbsp; RB, Series 1, 7.50%, 06/15/65<sup>(b)</sup> |  | 925 | 927740 |
| &nbsp;&nbsp;&nbsp; Capital Region Community Development District, Special <br> Assessment Refunding RB, Series A-2, 4.60%, <br> 05/01/31<br>|  | 345 | 342909 |
| Capital Trust Agency, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 01/01/55<sup>(b)</sup> |  | 1570 | 1282759 |
| &nbsp;&nbsp;&nbsp; RB, 4.88%, 06/15/56<sup>(b)</sup> |  | 1335 | 1044144 |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 07/01/61<sup>(b)(d)</sup> |  | 7255 | 558585 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 06/15/49<sup>(b)</sup> |  | 100 | 86743 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.75%, 06/01/54<sup>(b)</sup> |  | 420 | 311176 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 12/15/54 |  | 285 | 247835 |
| Capital Trust Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 07/01/44<sup>(b)</sup> |  | 200 | 184215 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.25%, 07/01/54<sup>(b)</sup> |  | 350 | 314658 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 4.75%, 06/15/40<sup>(b)</sup> |  | 135 | 127403 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.13%, 06/15/50<sup>(b)</sup> |  | 125 | 115339 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.25%, 06/15/59<sup>(b)</sup> |  | 170 | 154611 |
| &nbsp;&nbsp;&nbsp; Celebration Pointe Community Development District No. 1, <br> Special Assessment RB, 5.13%, 05/01/45<sup>(e)(f)</sup><br>|  | 235 | 176250 |
| Coastal Ridge Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.75%, 05/01/45 |  | 600 | 603809 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.00%, 05/01/55 |  | 465 | 464176 |
| &nbsp;&nbsp;&nbsp; Coral Creek Community Development District, Special <br> Assessment RB, 5.75%, 05/01/54<br>|  | 140 | 140444 |
| &nbsp;&nbsp;&nbsp; County of Lee Airport Revenue, RB, AMT, 5.25%, <br> 10/01/49<br>|  | 2145 | 2147907 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Seaport Department, Refunding <br> RB, AMT, Series A, 5.25%, 10/01/52<br>|  | 460 | 456851 |
| County of Osceola Transportation Revenue |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A-2, 0.00%, 10/01/46<sup>(d)</sup> |  | 935 | 305613 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A-2, 0.00%, 10/01/47<sup>(d)</sup> |  | 900 | 263042 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A-2, 0.00%, 10/01/48<sup>(d)</sup> |  | 635 | 185279 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A-2, 0.00%, 10/01/49<sup>(d)</sup> |  | 525 | 143708 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** | **Florida (continued)** | **Florida (continued)** |
| &nbsp;&nbsp;&nbsp; Crossings Community Development District, Special <br> Assessment RB, 5.60%, 05/01/54<br>| USD  | 145 | $142885 |
| &nbsp;&nbsp;&nbsp; Crosswinds East Community Development District, <br> Special Assessment RB, 5.75%, 05/01/54<br>|  | 105 | 105116 |
| Curiosity Creek Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.40%, 05/01/44<sup>(b)</sup> |  | 110 | 109254 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.70%, 05/01/55<sup>(b)</sup> |  | 180 | 172953 |
| Cypress Creek Reserve Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 05/01/45<sup>(g)</sup> |  | 200 | 200953 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 05/01/56<sup>(g)</sup> |  | 300 | 300451 |
| &nbsp;&nbsp;&nbsp; Darby Community Development District, Special <br> Assessment RB, Series 2, 5.88%, 05/01/35<br>|  | 600 | 601572 |
| Escambia County Health Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 08/15/45 |  | 3060 | 2552365 |
| &nbsp;&nbsp;&nbsp; Refunding RB, (AGM), 3.00%, 08/15/50 |  | 2500 | 1721978 |
| Florida Development Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 06/01/55<sup>(b)</sup> |  | 645 | 582689 |
| &nbsp;&nbsp;&nbsp; RB, 5.13%, 06/15/55<sup>(b)</sup> |  | 2490 | 2029037 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.13%, 06/15/44<sup>(b)</sup> |  | 45 | 45006 |
| &nbsp;&nbsp;&nbsp; RB, Series C, 5.75%, 12/15/56<sup>(b)</sup> |  | 370 | 288272 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 6.13%, 07/01/32<sup>(b)(c)</sup> |  | 1375 | 1390660 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A, 4.38%, 10/01/54<sup>(b)(c)</sup> |  | 680 | 676019 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A, 10.00%, 07/15/59<sup>(b)(c)</sup> |  | 2330 | 2377421 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 06/01/46<sup>(b)</sup> |  | 300 | 235444 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 4.50%, 12/15/56<sup>(b)</sup> |  | 1085 | 724663 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 12.00%, 07/15/32<sup>(b)(c)</sup> |  | 1610 | 1731049 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, (AGM), 5.00%, 07/01/44 |  | 1960 | 1917261 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, (AGM), 5.25%, 07/01/47 |  | 500 | 500927 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, (AGM), 5.25%, 07/01/53 |  | 1100 | 1092237 |
| &nbsp;&nbsp;&nbsp; Gardens at Hammock Beach Community Development <br> District, Special Assessment RB, Series 2, 5.88%, <br> 05/01/55<br>|  | 710 | 694303 |
| &nbsp;&nbsp;&nbsp; Gas Worx Community Development District, Special <br> Assessment RB, 5.75%, 05/01/45<sup>(b)</sup><br>|  | 450 | 450622 |
| &nbsp;&nbsp;&nbsp; Golden Gem Community Development District, Special <br> Assessment RB, 6.00%, 05/01/55<br>|  | 1185 | 1189816 |
| Grand Oaks Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.25%, 05/01/40 |  | 210 | 188235 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.50%, 05/01/52 |  | 235 | 198810 |
| Greenbriar Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.65%, 05/01/45 |  | 185 | 186221 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.88%, 05/01/54 |  | 220 | 216942 |
| Hammock Oaks Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.85%, 05/01/44 |  | 265 | 267582 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.55%, 05/01/45<sup>(b)</sup> |  | 220 | 217004 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.75%, 05/01/55<sup>(b)</sup> |  | 335 | 321590 |
| &nbsp;&nbsp;&nbsp; Harbor Bay Community Development District, Special <br> Assessment Refunding RB, Series A-2, 3.70%, <br> 05/01/33<br>|  | 370 | 342596 |
| &nbsp;&nbsp;&nbsp; Hillcrest Preserve Community Development District, <br> Special Assessment RB, 5.30%, 05/01/54<sup>(b)</sup><br>|  | 270 | 254799 |
| &nbsp;&nbsp;&nbsp; Hobe-St. Lucie Conservancy District, Special Assessment <br> RB, 5.88%, 05/01/55<br>|  | 165 | 163698 |
| Ibis Landing Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 06/15/45<sup>(g)</sup> |  | 100 | 100390 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 06/15/55<sup>(g)</sup> |  | 125 | 123803 |
| &nbsp;&nbsp;&nbsp; Kings Creek I Community Development District, Special <br> Assessment RB, 6.00%, 05/01/55<br>|  | 430 | 425833 |
| Lakes of Sarasota Community Development District 2 |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, Series A, 5.50%, 05/01/45 |  | 630 | 599174 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, Series A, 5.70%, 05/01/55 |  | 765 | 696649 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** | **Florida (continued)** | **Florida (continued)** |
| Lakewood Ranch Stewardship District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 3.25%, 05/01/29 | USD  | 225 | $219051 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.75%, 05/01/29 |  | 180 | 181421 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.88%, 05/01/35 |  | 150 | 149822 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.40%, 05/01/39 |  | 520 | 478898 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.30%, 05/01/39 |  | 205 | 205631 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.30%, 05/01/44 |  | 100 | 98824 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.45%, 05/01/48 |  | 365 | 360342 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.55%, 05/01/54 |  | 105 | 102822 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.50%, 05/01/55 |  | 765 | 738742 |
| Lee County IDA, RB, Series B-1, 4.75%, 11/15/29 |  | 260 | 261572 |
| Lowery Hills Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 05/01/45<sup>(b)</sup> |  | 160 | 156929 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.85%, 05/01/55<sup>(b)</sup> |  | 220 | 210401 |
| LT Ranch Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.50%, 05/01/44 |  | 205 | 206419 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.85%, 05/01/54 |  | 150 | 151522 |
| &nbsp;&nbsp;&nbsp; LTC Ranch West Residential Community Development <br> District, Special Assessment RB, 5.70%, 05/01/44<br>|  | 115 | 112605 |
| Malabar Springs Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.20%, 05/01/44 |  | 165 | 161130 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.50%, 05/01/54 |  | 250 | 242961 |
| &nbsp;&nbsp;&nbsp; Marion Ranch Community Development District, Special <br> Assessment RB, 5.95%, 05/01/54<br>|  | 285 | 288177 |
| &nbsp;&nbsp;&nbsp; Newfield Community Development District, Special <br> Assessment RB, 5.90%, 05/01/56<br>|  | 805 | 798417 |
| &nbsp;&nbsp;&nbsp; Normandy Community Development District, Special <br> Assessment RB, 5.55%, 05/01/54<sup>(b)</sup><br>|  | 415 | 406236 |
| North AR-1 Pasco Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, Series A, 5.75%, 05/01/44 |  | 85 | 87065 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, Series A, 6.00%, 05/01/54 |  | 90 | 91849 |
| Orange County Health Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 08/01/35 |  | 250 | 250276 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 4.50%, 10/01/56 |  | 5145 | 4669023 |
| &nbsp;&nbsp;&nbsp; Parker Road Community Development District, Special <br> Assessment Refunding RB, 3.38%, 05/01/30<br>|  | 335 | 325325 |
| &nbsp;&nbsp;&nbsp; Parrish Lakes Community Development District, Special <br> Assessment RB, 5.80%, 05/01/54<br>|  | 465 | 449250 |
| Parrish Plantation Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.80%, 05/01/44 |  | 120 | 123333 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.05%, 05/01/54 |  | 230 | 235514 |
| &nbsp;&nbsp;&nbsp; Pioneer Ranch Community Development District, Special <br> Assessment RB, 5.30%, 05/01/55<br>|  | 1000 | 897907 |
| &nbsp;&nbsp;&nbsp; Poitras East Community Development District, Special <br> Assessment RB, 5.00%, 05/01/43<br>|  | 355 | 339847 |
| Portico Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, Series 2, 3.25%, 05/01/31 |  | 100 | 94642 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, Series 2, 4.00%, 05/01/50 |  | 425 | 333579 |
| &nbsp;&nbsp;&nbsp; Preserve at South Branch Community Development <br> District, Special Assessment RB, 3.50%, 11/01/30<br>|  | 200 | 194883 |
| Reflection Bay Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 05/01/45 |  | 125 | 125237 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.88%, 05/01/55 |  | 205 | 201985 |
| &nbsp;&nbsp;&nbsp; Sandridge Community Development District, Special <br> Assessment RB, Series A1, 4.00%, 05/01/51<br>|  | 130 | 106970 |
| Seminole County IDA, Refunding RB, 5.75%, 11/15/54 |  | 595 | 530620 |
| &nbsp;&nbsp;&nbsp; Seminole Palms Community Development District, Special <br> Assessment RB, 5.50%, 05/01/55<sup>(b)</sup><br>|  | 270 | 261701 |
| &nbsp;&nbsp;&nbsp; Shadowlawn Community Development District, Special <br> Assessment RB, 5.85%, 05/01/54<br>|  | 920 | 879921 |
| &nbsp;&nbsp;&nbsp; Solaeris Community Development District, Special <br> Assessment RB, 05/01/45<sup>(b)(g)</sup><br>|  | 720 | 716978 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** | **Florida (continued)** | **Florida (continued)** |
| &nbsp;&nbsp;&nbsp; Southern Groves Community Development District No. 5, <br> Special Assessment Refunding RB, 3.60%, 05/01/34<br>| USD  | 365 | $330844 |
| Tolomato Community Development District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.80%, 05/01/44 |  | 600 | 545786 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.13%, 05/01/54 |  | 605 | 533786 |
| Tradition Community Development District No. 9 |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.40%, 05/01/45 |  | 160 | 155717 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.65%, 05/01/56 |  | 225 | 214283 |
| &nbsp;&nbsp;&nbsp; Trout Creek Community Development District, Special <br> Assessment RB, 5.00%, 05/01/28<br>|  | 135 | 136596 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 15, Special <br> Assessment RB, 5.25%, 05/01/54<sup>(b)</sup><br>|  | 440 | 429049 |
| &nbsp;&nbsp;&nbsp; Volusia County Educational Facility Authority, RB, 5.25%, <br> 06/01/49<br>|  | 705 | 699742 |
| West Villages Improvement District |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.75%, 05/01/39 |  | 190 | 182273 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.00%, 05/01/50 |  | 290 | 270122 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 05/01/54 |  | 220 | 216807 |
| &nbsp;&nbsp;&nbsp; Westside Community Development District, Special <br> Assessment Refunding RB, 3.75%, 05/01/29<sup>(b)</sup><br>|  | 605 | 596267 |
| &nbsp;&nbsp;&nbsp; Westside Haines City Community Development District, <br> Special Assessment RB, 6.00%, 05/01/54<br>|  | 165 | 162769 |
| &nbsp;&nbsp;&nbsp; Windward at Lakewood Ranch Community Development <br> District, Special Assessment RB, 4.25%, 05/01/52<br>|  | 165 | 133015 |
|  |  |  | 62469774 |
| **Georgia — 0.4%** | **Georgia — 0.4%** | **Georgia — 0.4%** | **Georgia — 0.4%** |
| Atlanta Development Authority (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; TA, Series A-1, 5.00%, 04/01/34<sup>(b)</sup> |  | 470 | 462261 |
| &nbsp;&nbsp;&nbsp; TA, Series A-2, 5.50%, 04/01/39<sup>(b)</sup> |  | 720 | 714636 |
| &nbsp;&nbsp;&nbsp; Development Authority of Cobb County (The), RB, <br> Series A, 6.38%, 06/15/58<sup>(b)</sup><br>|  | 145 | 141277 |
| &nbsp;&nbsp;&nbsp; East Point Business & IDA, RB, Series A, 5.25%, <br> 06/15/62<sup>(b)</sup><br>|  | 150 | 101250 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia, RB, 5.00%, <br> 07/01/52<br>|  | 645 | 638650 |
|  |  |  | 2058074 |
| **Illinois — 3.7%** | **Illinois — 3.7%** | **Illinois — 3.7%** | **Illinois — 3.7%** |
| Chicago Board of Education |  |  |  |
| &nbsp;&nbsp;&nbsp; GO, Series A, 5.00%, 12/01/42 |  | 1500 | 1379581 |
| &nbsp;&nbsp;&nbsp; GO, Series A, 7.00%, 12/01/46<sup>(b)</sup> |  | 250 | 259191 |
| &nbsp;&nbsp;&nbsp; GO, Series D, 5.00%, 12/01/46 |  | 1620 | 1512146 |
| &nbsp;&nbsp;&nbsp; GO, Series D, 5.00%, 12/01/46 |  | 685 | 639569 |
| &nbsp;&nbsp;&nbsp; GO, Refunding, Series B, 4.00%, 12/01/41 |  | 930 | 799890 |
| &nbsp;&nbsp;&nbsp; GO, Refunding, Series C, 5.00%, 12/01/34 |  | 625 | 627221 |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, <br> Refunding RB, Series A, 5.00%, 12/01/49<br>|  | 3000 | 2998792 |
| City of Chicago, GO, Series A, 6.00%, 01/01/50 |  | 1640 | 1690497 |
| City of Marion Sales Tax Revenue |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 6.38%, 06/01/45 |  | 600 | 585524 |
| &nbsp;&nbsp;&nbsp; RB, 6.63%, 06/01/55 |  | 1120 | 1094154 |
| County of Cook, RB, 6.50%, 01/01/45 |  | 1125 | 1142067 |
| Illinois Finance Authority, Refunding RB, 6.13%, 02/01/45 |  | 150 | 150014 |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority, RB, Series A, 4.00%, <br> 01/01/46<br>|  | 2000 | 1773556 |
| Metropolitan Pier & Exposition Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.50%, 06/15/53 |  | 390 | 390295 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/57 |  | 660 | 628586 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 06/15/50 |  | 1895 | 1573050 |
| Village of Lincolnwood Il, RB, Series B, 5.75%, 12/01/43<sup>(b)</sup> |  | 265 | 268153 |
|  |  |  | 17512286 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Indiana — 0.5%** | **Indiana — 0.5%** | **Indiana — 0.5%** | **Indiana — 0.5%** |
| City of Valparaiso, Refunding RB, AMT, 4.50%, 01/01/34<sup>(b)</sup> | USD  | 175 | $179367 |
| Indiana Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A, 6.75%, 05/01/39 |  | 640 | 703958 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.25%, 03/01/50 |  | 475 | 462872 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.38%, 03/01/55 |  | 555 | 541200 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, RB, <br> Series E, 6.00%, 03/01/53<br>|  | 400 | 416167 |
|  |  |  | 2303564 |
| **Iowa — 0.6%** | **Iowa — 0.6%** | **Iowa — 0.6%** | **Iowa — 0.6%** |
| Iowa Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.13%, 05/15/59 |  | 725 | 676683 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series E, 4.00%, 08/15/46 |  | 570 | 493066 |
| &nbsp;&nbsp;&nbsp; Iowa Student Loan Liquidity Corp., Refunding RB, AMT, <br> 3.50%, 12/01/44<br>|  | 2000 | 1522728 |
|  |  |  | 2692477 |
| **Kentucky — 0.9%** | **Kentucky — 0.9%** | **Kentucky — 0.9%** | **Kentucky — 0.9%** |
| City of Henderson, RB, AMT, 4.70%, 01/01/52<sup>(b)</sup> |  | 1895 | 1714590 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority, RB, Series C, 4.00%, <br> 02/01/50<sup>(c)</sup><br>|  | 2310 | 2321205 |
|  |  |  | 4035795 |
| **Louisiana — 0.9%** | **Louisiana — 0.9%** | **Louisiana — 0.9%** | **Louisiana — 0.9%** |
| Louisiana Public Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 6.00%, 06/15/59<sup>(b)</sup> |  | 480 | 473878 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.25%, 06/01/60<sup>(b)</sup> |  | 1225 | 936763 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.50%, 06/01/62<sup>(b)</sup> |  | 150 | 138347 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.50%, 09/01/59 |  | 1335 | 1355081 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series R2, 6.50%, 10/01/53<sup>(b)(c)</sup> |  | 505 | 534783 |
| Parish of St. James, RB, Series 2, 6.35%, 07/01/40<sup>(b)</sup> |  | 950 | 1010026 |
|  |  |  | 4448878 |
| **Maine — 0.6%** | **Maine — 0.6%** | **Maine — 0.6%** | **Maine — 0.6%** |
| Finance Authority of Maine |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series B, 9.50%, 06/01/32 |  | 150 | 151361 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 8.50%, 06/01/35 |  | 600 | 501917 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A, 8.50%, 06/01/32 |  | 150 | 150147 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 4.63%, 12/01/47<sup>(b)(c)</sup> |  | 400 | 388644 |
| &nbsp;&nbsp;&nbsp; Maine Health & Higher Educational Facilities Authority, <br> Refunding RB, 4.00%, 07/01/37<sup>(b)</sup><br>|  | 2100 | 1857256 |
|  |  |  | 3049325 |
| **Maryland — 1.6%** | **Maryland — 1.6%** | **Maryland — 1.6%** | **Maryland — 1.6%** |
| City of Baltimore |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 4.88%, 06/01/42 |  | 170 | 166875 |
| &nbsp;&nbsp;&nbsp; Refunding TA, 3.20%, 06/01/30<sup>(b)</sup> |  | 200 | 188736 |
| &nbsp;&nbsp;&nbsp; Refunding TA, 3.25%, 06/01/31<sup>(b)</sup> |  | 225 | 210043 |
| &nbsp;&nbsp;&nbsp; Refunding TA, 3.30%, 06/01/32<sup>(b)</sup> |  | 500 | 461539 |
| &nbsp;&nbsp;&nbsp; Refunding TA, 3.35%, 06/01/33<sup>(b)</sup> |  | 540 | 493879 |
| &nbsp;&nbsp;&nbsp; Refunding TA, 3.40%, 06/01/34<sup>(b)</sup> |  | 570 | 515879 |
| &nbsp;&nbsp;&nbsp; Refunding TA, 3.45%, 06/01/35<sup>(b)</sup> |  | 610 | 547694 |
| &nbsp;&nbsp;&nbsp; Maryland Community Development Administration, RB, <br> Series 1, (FNMA COL), 4.35%, 02/01/44<br>|  | 2500 | 2315944 |
| Maryland EDC, RB, AMT, 5.25%, 06/30/47 |  | 570 | 569103 |
| &nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority, <br> RB, 7.00%, 03/01/55<sup>(b)</sup><br>|  | 1940 | 1965988 |
|  |  |  | 7435680 |
| **Massachusetts — 0.8%** | **Massachusetts — 0.8%** | **Massachusetts — 0.8%** | **Massachusetts — 0.8%** |
| Massachusetts Development Finance Agency |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 01/01/48 |  | 1000 | 999949 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 10/01/54 |  | 710 | 602311 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 01/01/47 |  | 500 | 483357 |
| &nbsp;&nbsp;&nbsp; RB, Series N, 5.00%, 07/01/44 |  | 500 | 480627 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 10/01/57<sup>(b)</sup> |  | 500 | 458885 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Massachusetts (continued)** | **Massachusetts (continued)** | **Massachusetts (continued)** | **Massachusetts (continued)** |
| Massachusetts HFA |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Series A, 4.45%, 12/01/42 | USD  | 310 | $287425 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Series A, 4.50%, 12/01/47 |  | 490 | 455398 |
|  |  |  | 3767952 |
| **Michigan — 0.3%** | **Michigan — 0.3%** | **Michigan — 0.3%** | **Michigan — 0.3%** |
| Michigan Strategic Fund |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 11/15/42 |  | 210 | 200934 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.00%, 10/01/61<sup>(c)</sup> |  | 1200 | 1195724 |
|  |  |  | 1396658 |
| **Minnesota — 0.7%** | **Minnesota — 0.7%** | **Minnesota — 0.7%** | **Minnesota — 0.7%** |
| City of Deephaven, Refunding RB, 5.25%, 07/01/37 |  | 605 | 605101 |
| City of Eagan, RB, Series A, 6.38%, 02/01/55<sup>(b)</sup> |  | 100 | 91380 |
| City of Forest Lake, Refunding RB, 5.00%, 07/01/56 |  | 2140 | 1690788 |
| &nbsp;&nbsp;&nbsp; Housing & Redevelopment Authority of the City of St. Paul, <br> RB, Series A, 5.50%, 07/01/38<sup>(b)</sup><br>|  | 240 | 241828 |
| &nbsp;&nbsp;&nbsp; Minnesota HFA, RB, Series M, (GNMA/FNMA/FHLMC <br> COL), 6.00%, 01/01/53<br>|  | 600 | 636560 |
|  |  |  | 3265657 |
| **Missouri — 0.3%** | **Missouri — 0.3%** | **Missouri — 0.3%** | **Missouri — 0.3%** |
| City of St. Louis IDA (The) |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 4.38%, 11/15/35 |  | 215 | 197746 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.75%, 06/15/54 |  | 585 | 576614 |
| Kansas City IDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A-1, 5.00%, 06/01/46<sup>(b)</sup> |  | 290 | 269107 |
| &nbsp;&nbsp;&nbsp; RB, Series A-1, 5.00%, 06/01/54<sup>(b)</sup> |  | 185 | 165215 |
| &nbsp;&nbsp;&nbsp; RB, Series C, 7.50%, 11/15/46<sup>(e)(f)</sup> |  | 64 | 49901 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 2.00%, 11/15/46<sup>(e)(f)</sup> |  | 52 | 2387 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 11/15/46<sup>(e)(f)</sup> |  | 116 | 77370 |
| &nbsp;&nbsp;&nbsp; Kansas City Land Clearance Redevelopment Authority, TA, <br> 5.00%, 02/01/40<sup>(b)</sup><br>|  | 260 | 253790 |
|  |  |  | 1592130 |
| **Nebraska — 0.1%** | **Nebraska — 0.1%** | **Nebraska — 0.1%** | **Nebraska — 0.1%** |
| &nbsp;&nbsp;&nbsp; Douglas County Hospital Authority No. 3, Refunding RB, <br> 5.00%, 11/01/45<br>|  | 500 | 484690 |
| **Nevada — 0.1%** | **Nevada — 0.1%** | **Nevada — 0.1%** | **Nevada — 0.1%** |
| City of Las Vegas Special Improvement District No. 613 |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.25%, 12/01/47 |  | 110 | 105734 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.50%, 12/01/53 |  | 100 | 97448 |
| Tahoe-Douglas Visitors Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 07/01/40 |  | 215 | 217186 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 07/01/45 |  | 280 | 279608 |
|  |  |  | 699976 |
| **New Hampshire — 3.4%** | **New Hampshire — 3.4%** | **New Hampshire — 3.4%** | **New Hampshire — 3.4%** |
| New Hampshire Business Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.38%, 12/01/31<sup>(b)</sup> |  | 1245 | 1240862 |
| &nbsp;&nbsp;&nbsp; RB, 5.95%, 12/01/31<sup>(b)</sup> |  | 395 | 399002 |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 04/01/32<sup>(b)(d)</sup> |  | 550 | 366540 |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 12/15/33<sup>(b)(d)</sup> |  | 4735 | 2828862 |
| &nbsp;&nbsp;&nbsp; RB, 5.88%, 12/15/33<sup>(b)</sup> |  | 1240 | 1244346 |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 12/01/35<sup>(b)</sup> |  | 4950 | 4876883 |
| &nbsp;&nbsp;&nbsp; RB, 5.38%, 12/15/35<sup>(b)</sup> |  | 1710 | 1710492 |
| &nbsp;&nbsp;&nbsp; RB, Series 2024-1, Class A, 4.25%, 07/20/41 |  | 616 | 571810 |
| &nbsp;&nbsp;&nbsp; RB, Series 2025-1, Class B, 5.75%, 04/28/42 |  | 770 | 773203 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.13%, 08/15/40 |  | 320 | 282880 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.15%, 10/20/40<sup>(c)</sup> |  | 1080 | 1041131 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.25%, 08/15/46 |  | 365 | 301778 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.50%, 08/15/55 |  | 755 | 608551 |
|  |  |  | 16246340 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey — 2.3%** | **New Jersey — 2.3%** | **New Jersey — 2.3%** | **New Jersey — 2.3%** |
| New Jersey EDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 11/01/54<sup>(b)</sup> | USD  | 945 | $797221 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 6.50%, 04/01/31 |  | 65 | 67222 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 6.38%, 01/01/35<sup>(b)</sup> |  | 1330 | 1347919 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 6.00%, 08/01/49<sup>(b)</sup> |  | 250 | 250022 |
| &nbsp;&nbsp;&nbsp; New Jersey Health Care Facilities Financing Authority, RB, <br> 4.00%, 07/01/51<br>|  | 1065 | 935640 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance <br> Authority<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series B, 4.25%, 12/01/45 |  | 275 | 266088 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Series C, 4.25%, 12/01/50 |  | 1540 | 1281834 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Sub-Series C, 3.63%, 12/01/49 |  | 820 | 609502 |
| New Jersey Transportation Trust Fund Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series AA, 5.25%, 06/15/41 |  | 205 | 205023 |
| &nbsp;&nbsp;&nbsp; RB, Series AA, 4.00%, 06/15/45 |  | 3000 | 2636379 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, Sub-<br> Series B, 5.00%, 06/01/46<br>|  | 2410 | 2316808 |
|  |  |  | 10713658 |
| **New York — 6.0%** | **New York — 6.0%** | **New York — 6.0%** | **New York — 6.0%** |
| Build NYC Resource Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.13%, 07/01/43 |  | 385 | 424554 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.38%, 07/01/53 |  | 705 | 764380 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 5.00%, 01/01/35<sup>(b)</sup> |  | 485 | 485049 |
| County of Cattaraugus, RB, 5.00%, 05/01/44 |  | 195 | 191256 |
| &nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp., RB, 5.00%, <br> 07/01/44<br>|  | 500 | 485131 |
| &nbsp;&nbsp;&nbsp; Huntington Local Development Corp., RB, Series A, <br> 5.25%, 07/01/56<br>|  | 125 | 103893 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, RB, Series B, <br> 3.00%, 11/15/25<br>|  | 165 | 164770 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp., RB, <br> Series C-1, 4.20%, 11/01/44<br>|  | 1000 | 920707 |
| &nbsp;&nbsp;&nbsp; New York Counties Tobacco Trust IV, Refunding RB, <br> Series A, 5.00%, 06/01/42<br>|  | 915 | 781458 |
| &nbsp;&nbsp;&nbsp; New York Counties Tobacco Trust VI, Refunding RB, <br> Series 2B, 5.00%, 06/01/51<br>|  | 835 | 711190 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series A, 3.00%, 03/15/51<br>|  | 800 | 546044 |
| New York State Thruway Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 4.00%, 03/15/49 |  | 3690 | 3215809 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series B, 4.00%, 01/01/45 |  | 1190 | 1064562 |
| New York Transportation Development Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.63%, 04/01/40 |  | 500 | 513965 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.00%, 04/30/53 |  | 640 | 509920 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 6.00%, 06/30/54 |  | 7000 | 7231756 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.50%, 06/30/60 |  | 5000 | 5001096 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 5.38%, 08/01/36 |  | 865 | 877186 |
| Suffolk Regional Off-Track Betting Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 12/01/34 |  | 405 | 417476 |
| &nbsp;&nbsp;&nbsp; RB, 5.75%, 12/01/44 |  | 700 | 720965 |
| &nbsp;&nbsp;&nbsp; RB, 6.00%, 12/01/53 |  | 1000 | 1023444 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Sales Tax Revenue, <br> RB, Series A, 4.25%, 05/15/58<br>|  | 200 | 177113 |
| Westchester County Local Development Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 07/01/41<sup>(b)</sup> |  | 510 | 486715 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 07/01/56<sup>(b)</sup> |  | 560 | 491799 |
| Westchester Tobacco Asset Securitization Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Sub-Series C, 4.00%, 06/01/42 |  | 670 | 546665 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Sub-Series C, 5.13%, 06/01/51 |  | 500 | 428933 |
|  |  |  | 28285836 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **North Carolina — 0.2%** | **North Carolina — 0.2%** | **North Carolina — 0.2%** | **North Carolina — 0.2%** |
| &nbsp;&nbsp;&nbsp; North Carolina HFA, RB, (GNMA/FNMA/FHLMC), 6.00%, <br> 07/01/53<br>| USD  | 735 | $782871 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, Refunding RB, <br> Series A, 5.25%, 01/01/41<br>|  | 230 | 218603 |
|  |  |  | 1001474 |
| **North Dakota — 0.1%** | **North Dakota — 0.1%** | **North Dakota — 0.1%** | **North Dakota — 0.1%** |
| &nbsp;&nbsp;&nbsp; City of Grand Forks, RB, Series A, (AGM), 5.00%, <br> 12/01/53<br>|  | 350 | 346870 |
| **Ohio — 3.4%** | **Ohio — 3.4%** | **Ohio — 3.4%** | **Ohio — 3.4%** |
| Buckeye Tobacco Settlement Financing Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series B-2, 5.00%, 06/01/55 |  | 8470 | 7194551 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series B-3, 0.00%, 06/01/57<sup>(d)</sup> |  | 14410 | 1352616 |
| Cleveland-Cuyahoga County Port Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.38%, 01/01/39<sup>(b)</sup> |  | 145 | 143103 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.88%, 01/01/49<sup>(b)</sup> |  | 330 | 319104 |
| County of Hamilton |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 01/01/46 |  | 190 | 184184 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 4.00%, 08/15/50 |  | 915 | 781474 |
| County of Hardin |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 05/01/30 |  | 140 | 137402 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.25%, 05/01/40 |  | 145 | 134886 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.50%, 05/01/50 |  | 670 | 605341 |
| &nbsp;&nbsp;&nbsp; Hickory Chase Community Authority, Refunding RB, <br> 5.00%, 12/01/40<sup>(b)</sup><br>|  | 765 | 725675 |
| &nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority, RB, AMT, 4.50%, <br> 01/15/48<sup>(b)</sup><br>|  | 4715 | 4230501 |
| State of Ohio, RB, AMT, Series P-3, 5.00%, 06/30/53 |  | 370 | 349540 |
|  |  |  | 16158377 |
| **Oklahoma — 1.4%** | **Oklahoma — 1.4%** | **Oklahoma — 1.4%** | **Oklahoma — 1.4%** |
| Oklahoma Development Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 7.25%, 09/01/51<sup>(b)</sup> |  | 3290 | 3196268 |
| &nbsp;&nbsp;&nbsp; RB, Series B, 5.50%, 08/15/52 |  | 580 | 571654 |
| &nbsp;&nbsp;&nbsp; Tulsa Authority for Economic Opportunity, TA, 4.38%, <br> 12/01/41<sup>(b)</sup><br>|  | 235 | 219414 |
| &nbsp;&nbsp;&nbsp; Tulsa County Industrial Authority, Refunding RB, 5.25%, <br> 11/15/45<br>|  | 965 | 954123 |
| &nbsp;&nbsp;&nbsp; Tulsa Municipal Airport Trust Trustees, Refunding RB, <br> AMT, 6.25%, 12/01/40<br>|  | 1755 | 1890531 |
|  |  |  | 6831990 |
| **Oregon — 1.8%** | **Oregon — 1.8%** | **Oregon — 1.8%** | **Oregon — 1.8%** |
| &nbsp;&nbsp;&nbsp; Clackamas County Hospital Facility Authority, Refunding <br> RB, Series A, 5.25%, 11/15/50<br>|  | 200 | 185949 |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, Series A, (School Bond Guaranty), <br> 0.00%, 06/15/38<sup>(d)</sup><br>|  | 275 | 144273 |
| Oregon State Facilities Authority, RB, 5.25%, 06/15/55<sup>(b)</sup> |  | 305 | 261116 |
| Port of Morrow, GO, Series A, 5.15%, 10/01/26<sup>(b)</sup> |  | 3515 | 3529178 |
| &nbsp;&nbsp;&nbsp; Salem Hospital Facility Authority, Refunding RB, 4.00%, <br> 05/15/49<br>|  | 5000 | 4198415 |
| &nbsp;&nbsp;&nbsp; Yamhill County Hospital Authority, Refunding RB, 5.00%, <br> 11/15/36<br>|  | 300 | 275124 |
|  |  |  | 8594055 |
| **Pennsylvania — 2.9%** | **Pennsylvania — 2.9%** | **Pennsylvania — 2.9%** | **Pennsylvania — 2.9%** |
| Allegheny Community Broadband, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 7.75%, 09/01/45<sup>(b)</sup> |  | 160 | 155940 |
| &nbsp;&nbsp;&nbsp; RB, 8.00%, 09/01/51<sup>(b)</sup> |  | 185 | 181432 |
| &nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.25%, 05/01/32<sup>(b)</sup> |  | 100 | 102479 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.25%, 05/01/42<sup>(b)</sup> |  | 100 | 96775 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Pennsylvania (continued)** | **Pennsylvania (continued)** | **Pennsylvania (continued)** | **Pennsylvania (continued)** |
| &nbsp;&nbsp;&nbsp; Beaver County IDA, Refunding RB, Series B, 3.75%, <br> 10/01/47<br>| USD  | 1380 | $1106320 |
| Doylestown Hospital Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 07/01/31<sup>(b)</sup> |  | 125 | 134576 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.38%, 07/01/39<sup>(b)</sup> |  | 290 | 314068 |
| &nbsp;&nbsp;&nbsp; Geisinger Authority, Refunding RB, Series 1, 4.00%, <br> 02/15/47<br>|  | 3200 | 2751188 |
| &nbsp;&nbsp;&nbsp; Montgomery County Higher Education & Health Authority, <br> Refunding RB, 4.00%, 09/01/49<br>|  | 1135 | 948138 |
| Montgomery County IDA, RB, 5.00%, 11/15/45 |  | 875 | 845950 |
| Pennsylvania Economic Development Financing Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.75%, 06/30/48 |  | 490 | 505138 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.25%, 06/30/53 |  | 770 | 765205 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series B, 5.25%, 12/01/38<sup>(c)</sup> |  | 455 | 458240 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series C, 5.25%, 12/01/37<sup>(c)</sup> |  | 795 | 800661 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 5.50%, 11/01/44 |  | 500 | 499987 |
| Pennsylvania Higher Education Assistance Agency |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series 1A, 4.75%, 06/01/46 |  | 885 | 870704 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series B, 3.00%, 06/01/47 |  | 1010 | 681733 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Sub-Series 1C, 5.00%, 06/01/51 |  | 165 | 151097 |
| Philadelphia Authority for Industrial Development |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 11/01/52 |  | 235 | 236773 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.00%, 07/01/49 |  | 2000 | 1739751 |
| &nbsp;&nbsp;&nbsp; School District of Philadelphia (The), GO, Series A, 5.50%, <br> 09/01/48<br>|  | 265 | 275174 |
|  |  |  | 13621329 |
| **Puerto Rico — 6.9%** | **Puerto Rico — 6.9%** | **Puerto Rico — 6.9%** | **Puerto Rico — 6.9%** |
| Children's Trust Fund, RB, Series A, 0.00%, 05/15/57<sup>(d)</sup> |  | 17040 | 856135 |
| Commonwealth of Puerto Rico |  |  |  |
| &nbsp;&nbsp;&nbsp; GO, Series A, 0.00%, 07/01/33<sup>(d)</sup> |  | 537 | 370048 |
| &nbsp;&nbsp;&nbsp; GO, Series A1, 5.63%, 07/01/29 |  | 1049 | 1118199 |
| &nbsp;&nbsp;&nbsp; GO, Series A1, 5.75%, 07/01/31 |  | 440 | 483527 |
| &nbsp;&nbsp;&nbsp; GO, Series A1, 4.00%, 07/01/33 |  | 418 | 411156 |
| &nbsp;&nbsp;&nbsp; GO, Series A1, 4.00%, 07/01/35 |  | 375 | 362454 |
| &nbsp;&nbsp;&nbsp; GO, Series A1, 4.00%, 07/01/37 |  | 322 | 305908 |
| &nbsp;&nbsp;&nbsp; GO, Series A1, 4.00%, 07/01/41 |  | 438 | 389986 |
| &nbsp;&nbsp;&nbsp; GO, Series A1, 4.00%, 07/01/46 |  | 455 | 387620 |
| &nbsp;&nbsp;&nbsp; GO, Sub-Series CW, 0.00%, 11/01/43<sup>(c)(e)(f)</sup> |  | 2153 | 1323866 |
| &nbsp;&nbsp;&nbsp; GO, Sub-Series CW/PRIFA, 0.00%, 11/01/51<sup>(c)(e)(f)</sup> |  | 14563 | 7703844 |
| Puerto Rico Electric Power Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 07/01/29<sup>(e)(f)</sup> |  | 385 | 185762 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 7.00%, 07/01/33<sup>(e)(f)</sup> |  | 1795 | 866087 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.75%, 07/01/36<sup>(e)(f)</sup> |  | 775 | 373937 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 07/01/42<sup>(e)(f)</sup> |  | 325 | 156812 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 7.00%, 07/01/43<sup>(e)(f)</sup> |  | 175 | 84437 |
| &nbsp;&nbsp;&nbsp; RB, Series A-1, 10.00%, 07/01/19<sup>(e)(f)</sup> |  | 42 | 20270 |
| &nbsp;&nbsp;&nbsp; RB, Series A-2, 10.00%, 07/01/19<sup>(e)(f)</sup> |  | 212 | 102262 |
| &nbsp;&nbsp;&nbsp; RB, Series A-3, 10.00%, 07/01/19<sup>(e)(f)</sup> |  | 177 | 85411 |
| &nbsp;&nbsp;&nbsp; RB, Series B-3, 10.00%, 07/01/19<sup>(e)(f)</sup> |  | 177 | 85411 |
| &nbsp;&nbsp;&nbsp; RB, Series C-1, 5.40%, 01/01/18<sup>(e)(f)</sup> |  | 486 | 234662 |
| &nbsp;&nbsp;&nbsp; RB, Series C-2, 5.40%, 07/01/18<sup>(e)(f)</sup> |  | 486 | 234701 |
| &nbsp;&nbsp;&nbsp; RB, Series C-3, 5.40%, 01/01/20<sup>(e)(f)</sup> |  | 49 | 23725 |
| &nbsp;&nbsp;&nbsp; RB, Series C-4, 5.40%, 07/01/20<sup>(e)(f)</sup> |  | 49 | 23725 |
| &nbsp;&nbsp;&nbsp; RB, Series CCC, 5.25%, 07/01/26<sup>(e)(f)</sup> |  | 125 | 60313 |
| &nbsp;&nbsp;&nbsp; RB, Series CCC, 5.00%, 07/01/27<sup>(e)(f)</sup> |  | 545 | 262962 |
| &nbsp;&nbsp;&nbsp; RB, Series CCC, 5.25%, 07/01/28<sup>(e)(f)</sup> |  | 70 | 33775 |
| &nbsp;&nbsp;&nbsp; RB, Series D-1, 7.50%, 01/01/20<sup>(e)(f)</sup> |  | 426 | 205351 |
| &nbsp;&nbsp;&nbsp; RB, Series D-2, 7.50%, 01/01/20<sup>(e)(f)</sup> |  | 840 | 405467 |
| &nbsp;&nbsp;&nbsp; RB, Series D-4, 7.50%, 07/01/20<sup>(e)(f)</sup> |  | 145 | 69961 |
| &nbsp;&nbsp;&nbsp; RB, Series TT, 5.00%, 07/01/18<sup>(e)(f)</sup> |  | 160 | 77200 |
| &nbsp;&nbsp;&nbsp; RB, Series TT, 5.00%, 07/01/25<sup>(e)(f)</sup> |  | 45 | 21713 |
| &nbsp;&nbsp;&nbsp; RB, Series TT, 5.00%, 07/01/26<sup>(e)(f)</sup> |  | 190 | 91675 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Puerto Rico (continued)** | **Puerto Rico (continued)** | **Puerto Rico (continued)** | **Puerto Rico (continued)** |
| Puerto Rico Electric Power Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series TT, 5.00%, 07/01/32<sup>(e)(f)</sup> | USD  | 395 | $190587 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.50%, 07/01/17<sup>(e)(f)</sup> |  | 110 | 53075 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.50%, 07/01/18<sup>(e)(f)</sup> |  | 95 | 45838 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.50%, 07/01/19<sup>(e)(f)</sup> |  | 70 | 33775 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.38%, 07/01/22<sup>(e)(f)</sup> |  | 940 | 453550 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.38%, 07/01/24<sup>(e)(f)</sup> |  | 65 | 31363 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.00%, 07/01/28<sup>(e)(f)</sup> |  | 165 | 79612 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.25%, 07/01/33<sup>(e)(f)</sup> |  | 75 | 36188 |
| &nbsp;&nbsp;&nbsp; RB, Series WW, 5.50%, 07/01/38<sup>(e)(f)</sup> |  | 220 | 106150 |
| &nbsp;&nbsp;&nbsp; RB, Series XX, 5.25%, 07/01/27<sup>(e)(f)</sup> |  | 50 | 24125 |
| &nbsp;&nbsp;&nbsp; RB, Series XX, 5.25%, 07/01/35<sup>(e)(f)</sup> |  | 30 | 14475 |
| &nbsp;&nbsp;&nbsp; RB, Series XX, 5.75%, 07/01/36<sup>(e)(f)</sup> |  | 600 | 289500 |
| &nbsp;&nbsp;&nbsp; RB, Series XX, 5.25%, 07/01/40<sup>(e)(f)</sup> |  | 2320 | 1119400 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series AAA, 5.25%, 07/01/22<sup>(e)(f)</sup> |  | 160 | 77200 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series AAA, 5.25%, 07/01/28<sup>(e)(f)</sup> |  | 265 | 127862 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series AAA, 5.25%, 07/01/29<sup>(e)(f)</sup> |  | 40 | 19300 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series DDD, 5.00%, 07/01/19<sup>(e)(f)</sup> |  | 895 | 431837 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series UU, 0.00%, 07/01/17<sup>(c)(e)(f)</sup> |  | 30 | 14475 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series UU, 0.00%, 07/01/18<sup>(c)(e)(f)</sup> |  | 30 | 14475 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series UU, 0.00%, 07/01/20<sup>(c)(e)(f)</sup> |  | 250 | 120625 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series UU, 3.95%, 07/01/31<sup>(c)(e)(f)</sup> |  | 300 | 144750 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series ZZ, 5.00%, 07/01/17<sup>(e)(f)</sup> |  | 70 | 33775 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series ZZ, 5.25%, 07/01/19<sup>(e)(f)</sup> |  | 235 | 113387 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series ZZ, 5.25%, 07/01/23<sup>(e)(f)</sup> |  | 930 | 448725 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series ZZ, 5.25%, 07/01/24<sup>(e)(f)</sup> |  | 150 | 72375 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series ZZ, 5.00%, 07/01/28<sup>(e)(f)</sup> |  | 75 | 36188 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Industrial Tourist Educational Medical & <br> Environmental Control Facilities Financing Authority<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A-1, 6.75%, 01/01/45 |  | 165 | 184090 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A-2, 6.50%, 01/01/42 |  | 110 | 122463 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series A-2, 6.75%, 01/01/45 |  | 165 | 184034 |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A-1, 0.00%, 07/01/33<sup>(d)</sup> |  | 496 | 355369 |
| &nbsp;&nbsp;&nbsp; RB, Series A-1, 0.00%, 07/01/46<sup>(d)</sup> |  | 4361 | 1389869 |
| &nbsp;&nbsp;&nbsp; RB, Series A-1, 4.75%, 07/01/53 |  | 3377 | 3086422 |
| &nbsp;&nbsp;&nbsp; RB, Series A-2, 4.54%, 07/01/53 |  | 317 | 276972 |
| &nbsp;&nbsp;&nbsp; RB, Series A-2, 4.78%, 07/01/58 |  | 6146 | 5575550 |
| &nbsp;&nbsp;&nbsp; RB, Series B-1, 0.00%, 07/01/46<sup>(d)</sup> |  | 477 | 152076 |
|  |  |  | 32877819 |
| **Rhode Island — 0.1%** | **Rhode Island — 0.1%** | **Rhode Island — 0.1%** | **Rhode Island — 0.1%** |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., RB, Series A, 0.00%, <br> 06/01/52<sup>(d)</sup><br>|  | 1715 | 306356 |
| **South Carolina — 0.8%** | **South Carolina — 0.8%** | **South Carolina — 0.8%** | **South Carolina — 0.8%** |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, RB, Series A1, <br> 5.25%, 10/01/54<sup>(c)</sup><br>|  | 1880 | 1993121 |
| South Carolina Jobs EDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 6.75%, 12/01/60<sup>(b)</sup> |  | 1315 | 1277158 |
| &nbsp;&nbsp;&nbsp; RB, 7.50%, 08/15/62<sup>(b)</sup> |  | 325 | 294833 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Refunding RB, <br> Series B, 4.00%, 12/01/56<br>|  | 200 | 163863 |
|  |  |  | 3728975 |
| **Tennessee — 1.2%** | **Tennessee — 1.2%** | **Tennessee — 1.2%** | **Tennessee — 1.2%** |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Facilities Board, Refunding RB, <br> 4.00%, 10/01/49<br>|  | 220 | 178246 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> IDB, Special Assessment RB, 0.00%, 06/01/43<sup>(b)(d)</sup><br>|  | 655 | 272016 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Sports Authority, RB, Series A, (AGM), 5.25%, 07/01/48<br>|  | 935 | 967496 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Tennessee (continued)** | **Tennessee (continued)** | **Tennessee (continued)** | **Tennessee (continued)** |
| Tennergy Corp., RB, Series A, 5.50%, 10/01/53<sup>(c)</sup> | USD  | 2320 | $2467683 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., RB, Series A, 5.00%, <br> 05/01/52<sup>(c)</sup><br>|  | 1750 | 1839105 |
|  |  |  | 5724546 |
| **Texas — 6.2%** | **Texas — 6.2%** | **Texas — 6.2%** | **Texas — 6.2%** |
| &nbsp;&nbsp;&nbsp; Angelina & Neches River Authority, RB, AMT, 7.50%, <br> 12/01/45<sup>(b)(e)(f)</sup><br>|  | 510 | 50750 |
| Arlington Higher Education Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.63%, 08/15/54<sup>(b)</sup> |  | 1305 | 989522 |
| &nbsp;&nbsp;&nbsp; RB, 7.88%, 11/01/62<sup>(b)</sup> |  | 280 | 283093 |
| &nbsp;&nbsp;&nbsp; Beaumont Housing Authority, RB, Series A, 6.50%, <br> 07/01/55<sup>(b)</sup><br>|  | 345 | 335157 |
| City of Anna, Special Assessment RB, 5.75%, 09/15/54<sup>(b)</sup> |  | 315 | 312289 |
| City of Bastrop |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.38%, 09/01/45<sup>(b)</sup> |  | 110 | 107951 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 09/01/55<sup>(b)</sup> |  | 220 | 212720 |
| City of Buda |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.00%, 09/01/55<sup>(b)</sup> |  | 345 | 335606 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.75%, 09/01/55<sup>(b)</sup> |  | 685 | 658396 |
| City of Celina |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.38%, 09/01/45<sup>(b)</sup> |  | 110 | 106814 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.50%, 09/01/45<sup>(b)</sup> |  | 100 | 97589 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.50%, 09/01/54<sup>(b)</sup> |  | 450 | 428812 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 09/01/55<sup>(b)</sup> |  | 110 | 103556 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 09/01/55<sup>(b)</sup> |  | 190 | 180557 |
| City of Corpus Christi |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.38%, 09/15/31 |  | 100 | 98966 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.13%, 09/15/44 |  | 152 | 144559 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.50%, 09/15/54 |  | 227 | 216903 |
| City of Crandall |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.25%, 09/15/45<sup>(b)</sup> |  | 100 | 95441 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.50%, 09/15/55<sup>(b)</sup> |  | 225 | 211552 |
| City of Fate, Special Assessment RB, 5.75%, 08/15/54<sup>(b)</sup> |  | 100 | 96830 |
| &nbsp;&nbsp;&nbsp; City of Friendswood, Special Assessment RB, 7.00%, <br> 09/15/54<br>|  | 657 | 656023 |
| City of Houston Airport System Revenue |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.00%, 07/01/41 |  | 700 | 605083 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series B, 5.50%, 07/15/39 |  | 410 | 423370 |
| &nbsp;&nbsp;&nbsp; RB, AMT, Series B-1, 5.00%, 07/15/30 |  | 395 | 394627 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 5.00%, 07/01/29 |  | 1500 | 1500204 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Series C, 5.00%, 07/15/27 |  | 1410 | 1415726 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Sub-Series A, 4.00%, 07/01/41 |  | 3590 | 3238491 |
| City of Lavon, Special Assessment RB, 5.50%, 09/15/54<sup>(b)</sup> |  | 750 | 717396 |
| &nbsp;&nbsp;&nbsp; City of Oak Point, Special Assessment RB, 5.25%, <br> 09/15/54<sup>(b)</sup><br>|  | 305 | 280311 |
| City of Pilot Point |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.38%, 09/15/55<sup>(b)</sup> |  | 105 | 104741 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.38%, 09/15/55<sup>(b)</sup> |  | 100 | 99900 |
| City of Princeton |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 4.38%, 09/01/31<sup>(b)</sup> |  | 50 | 50143 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.00%, 09/01/44<sup>(b)</sup> |  | 100 | 98688 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.13%, 09/01/44<sup>(b)</sup> |  | 100 | 97676 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.38%, 09/01/45<sup>(b)</sup> |  | 95 | 93464 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.38%, 09/01/45<sup>(b)</sup> |  | 110 | 107748 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.25%, 09/01/54<sup>(b)</sup> |  | 150 | 145125 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.38%, 09/01/54<sup>(b)</sup> |  | 172 | 163970 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 09/01/55<sup>(b)</sup> |  | 155 | 150483 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.63%, 09/01/55<sup>(b)</sup> |  | 150 | 144855 |
| &nbsp;&nbsp;&nbsp; City of San Antonio Airport System, RB, AMT, 5.00%, <br> 07/01/45<br>|  | 500 | 467791 |
| City of Seagoville, Special Assessment RB, 09/15/54<sup>(b)(g)</sup> |  | 245 | 254305 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** | **Texas (continued)** | **Texas (continued)** |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp., RB, Series A, <br> 6.00%, 06/15/54<sup>(b)</sup><br>| USD  | 100 | $91713 |
| &nbsp;&nbsp;&nbsp; Club Municipal Management District No. 1, Special <br> Assessment RB, 5.38%, 09/01/55<sup>(b)</sup><br>|  | 180 | 170361 |
| County of Denton |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.88%, 12/31/45<sup>(b)</sup> |  | 440 | 440461 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 6.13%, 12/31/55<sup>(b)</sup> |  | 635 | 637398 |
| &nbsp;&nbsp;&nbsp; County of Hays, Special Assessment RB, 7.00%, <br> 09/15/45<br>|  | 200 | 200646 |
| &nbsp;&nbsp;&nbsp; Del Valle ISD, GO, (Permanent School Fund GTD), 4.00%, <br> 06/15/47<br>|  | 1335 | 1189896 |
| Fort Bend County IDC, RB, Series B, 4.75%, 11/01/42 |  | 1465 | 1342880 |
| New Hope Cultural Education Facilities Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 08/15/51<sup>(b)</sup> |  | 250 | 230054 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.75%, 10/01/52 |  | 800 | 800491 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 01/01/55 |  | 200 | 171665 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.50%, 10/01/55 |  | 140 | 140172 |
| &nbsp;&nbsp;&nbsp; New Hope Higher Education Finance Corp., RB, Series A, <br> 5.75%, 06/15/51<sup>(b)</sup><br>|  | 1175 | 997049 |
| &nbsp;&nbsp;&nbsp; Newark Higher Education Finance Corp., RB, Series A, <br> 5.50%, 08/15/35<sup>(b)</sup><br>|  | 300 | 300358 |
| Port of Beaumont Navigation District |  |  |  |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 3.63%, 01/01/35<sup>(b)</sup> |  | 690 | 618322 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, 4.00%, 01/01/50<sup>(b)</sup> |  | 1975 | 1514541 |
| &nbsp;&nbsp;&nbsp; Texas Community Housing & EDC, RB, Series A1, 6.25%, <br> 01/01/65<sup>(b)</sup><br>|  | 1350 | 1242505 |
| Texas Private Activity Bond Surface Transportation Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.00%, 06/30/58 |  | 315 | 301104 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 5.50%, 12/31/58 |  | 1050 | 1073698 |
| &nbsp;&nbsp;&nbsp; Texas Transportation Commission State Highway <br> 249 System<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 08/01/40<sup>(d)</sup> |  | 1000 | 478074 |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 08/01/42<sup>(d)</sup> |  | 655 | 276617 |
| Texas Water Development Board, RB, 4.00%, 10/15/45 |  | 1295 | 1167730 |
|  |  |  | 29662918 |
| **Utah — 1.2%** | **Utah — 1.2%** | **Utah — 1.2%** | **Utah — 1.2%** |
| &nbsp;&nbsp;&nbsp; Black Desert Public Infrastructure District, Special <br> Assessment RB, 5.63%, 12/01/53<sup>(b)</sup><br>|  | 390 | 387043 |
| &nbsp;&nbsp;&nbsp; MIDA Mountain Veterans Program Public Infrastructure <br> District, TA, 5.20%, 06/01/54<sup>(b)</sup><br>|  | 800 | 740499 |
| Mida Mountain Village Public Infrastructure District |  |  |  |
| &nbsp;&nbsp;&nbsp; TA, Series 1, 5.13%, 06/15/54<sup>(b)</sup> |  | 710 | 656315 |
| &nbsp;&nbsp;&nbsp; TA, Series 2, 5.75%, 06/15/44<sup>(b)</sup> |  | 500 | 502676 |
| &nbsp;&nbsp;&nbsp; SkyRidge Pegasus Infrastructure Financing District, <br> Special Assessment RB, 5.25%, 12/01/44<sup>(b)</sup><br>|  | 1140 | 1065571 |
| Utah Charter School Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 06/15/52<sup>(b)</sup> |  | 285 | 234863 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 10/15/44 |  | 1615 | 1615074 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 06/15/55<sup>(b)</sup> |  | 230 | 199631 |
| Utah Infrastructure Agency |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 5.50%, 10/15/44 |  | 120 | 124074 |
| &nbsp;&nbsp;&nbsp; RB, 5.50%, 10/15/48 |  | 115 | 117246 |
| &nbsp;&nbsp;&nbsp; Wood Ranch Public Infrastructure District, Special <br> Assessment RB, 5.63%, 12/01/53<sup>(b)</sup><br>|  | 130 | 125423 |
|  |  |  | 5768415 |
| **Vermont — 0.4%** | **Vermont — 0.4%** | **Vermont — 0.4%** | **Vermont — 0.4%** |
| East Central Vermont Telecommunications District |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.75%, 12/01/40<sup>(b)</sup> |  | 695 | 606703 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 4.50%, 12/01/44<sup>(b)</sup> |  | 705 | 573188 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.88%, 12/01/46<sup>(b)</sup> |  | 785 | 823023 |
|  |  |  | 2002914 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Virginia — 0.5%** | **Virginia — 0.5%** | **Virginia — 0.5%** | **Virginia — 0.5%** |
| Ballston Quarter Community Development Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; TA, Series A, 5.50%, 03/01/46 | USD  | 92 | $91213 |
| &nbsp;&nbsp;&nbsp; TA, Series A, 0.00%, 03/01/59 |  | 220 | 187907 |
| &nbsp;&nbsp;&nbsp; Hampton Roads Transportation Accountability <br> Commission, RB, Series A, 4.00%, 07/01/55<br>|  | 285 | 241582 |
| James City County EDA |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.88%, 12/01/58 |  | 345 | 368047 |
| &nbsp;&nbsp;&nbsp; RB, Series C3, 5.25%, 12/01/27 |  | 250 | 250277 |
| Lower Magnolia Green Community Development Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.00%, 03/01/35<sup>(b)</sup> |  | 230 | 228118 |
| &nbsp;&nbsp;&nbsp; Special Assessment RB, 5.00%, 03/01/45<sup>(b)</sup> |  | 85 | 79614 |
| Norfolk Redevelopment & Housing Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 4.00%, 01/01/29 |  | 205 | 198100 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 01/01/49 |  | 365 | 315267 |
| Virginia Beach Development Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 7.00%, 09/01/53 |  | 360 | 393212 |
| &nbsp;&nbsp;&nbsp; RB, Series B3, 5.38%, 09/01/29 |  | 235 | 237511 |
|  |  |  | 2590848 |
| **Washington — 0.9%** | **Washington — 0.9%** | **Washington — 0.9%** | **Washington — 0.9%** |
| &nbsp;&nbsp;&nbsp; King County Public Hospital District No. 4, GO, Refunding, <br> 5.00%, 12/01/30<br>|  | 200 | 199056 |
| Washington State Housing Finance Commission |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 6.00%, 07/01/59<sup>(b)</sup> |  | 100 | 100020 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 07/01/50<sup>(b)</sup> |  | 310 | 274711 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.75%, 01/01/53<sup>(b)</sup> |  | 200 | 181223 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.88%, 01/01/59<sup>(b)</sup> |  | 160 | 144930 |
| &nbsp;&nbsp;&nbsp; RB, Series B2, 3.95%, 07/01/29<sup>(b)</sup> |  | 775 | 775409 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 01/01/26<sup>(b)</sup> |  | 190 | 190345 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.00%, 01/01/43<sup>(b)</sup> |  | 1935 | 1786170 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 6.00%, 01/01/45<sup>(b)</sup> |  | 210 | 210057 |
| &nbsp;&nbsp;&nbsp; Refunding RB, Series A, 5.00%, 07/01/48 |  | 190 | 186424 |
|  |  |  | 4048345 |
| **West Virginia — 0.3%** | **West Virginia — 0.3%** | **West Virginia — 0.3%** | **West Virginia — 0.3%** |
| City of Martinsburg, RB, Series A-1, 4.63%, 12/01/43 |  | 430 | 355178 |
| &nbsp;&nbsp;&nbsp; Morgantown Utility Board, Inc., RB, Series B, 4.00%, <br> 12/01/48<br>|  | 1215 | 1030682 |
|  |  |  | 1385860 |
| **Wisconsin — 6.9%** | **Wisconsin — 6.9%** | **Wisconsin — 6.9%** | **Wisconsin — 6.9%** |
| Public Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 6.25%, 10/01/31<sup>(b)(e)(f)</sup> |  | 195 | 16575 |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 12/15/32<sup>(b)(d)</sup> |  | 1206 | 754913 |
| &nbsp;&nbsp;&nbsp; RB, 5.50%, 12/15/32<sup>(b)</sup> |  | 1620 | 1571183 |
| &nbsp;&nbsp;&nbsp; RB, 5.75%, 12/15/33<sup>(b)</sup> |  | 3305 | 3222490 |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 01/01/35<sup>(b)(d)</sup> |  | 1030 | 570120 |
| &nbsp;&nbsp;&nbsp; RB, 4.50%, 01/01/35<sup>(b)</sup> |  | 650 | 618889 |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 12/15/38<sup>(b)(d)</sup> |  | 795 | 357728 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/41<sup>(b)</sup> |  | 210 | 167041 |
| &nbsp;&nbsp;&nbsp; RB, 6.85%, 11/01/46<sup>(b)(e)(f)</sup> |  | 275 | 137500 |
| &nbsp;&nbsp;&nbsp; RB, 7.00%, 11/01/46<sup>(b)(e)(f)</sup> |  | 155 | 77500 |
| &nbsp;&nbsp;&nbsp; RB, 5.38%, 07/15/47<sup>(b)</sup> |  | 335 | 324172 |
| &nbsp;&nbsp;&nbsp; RB, 7.00%, 10/01/47<sup>(b)(e)(f)</sup> |  | 195 | 16575 |
| &nbsp;&nbsp;&nbsp; RB, 5.63%, 06/15/49<sup>(b)</sup> |  | 1395 | 1287885 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/51<sup>(b)</sup> |  | 195 | 148363 |
| &nbsp;&nbsp;&nbsp; RB, 5.25%, 12/01/51<sup>(b)</sup> |  | 1060 | 703227 |
| &nbsp;&nbsp;&nbsp; RB, 5.75%, 12/01/54<sup>(b)</sup> |  | 1015 | 1008595 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/55<sup>(b)</sup> |  | 550 | 380087 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/55<sup>(b)</sup> |  | 2750 | 2117629 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 07/01/55<sup>(b)</sup> |  | 880 | 772536 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 01/01/56<sup>(b)</sup> |  | 875 | 697384 |
| &nbsp;&nbsp;&nbsp; RB, 4.75%, 06/15/56<sup>(b)</sup> |  | 440 | 342797 |
| &nbsp;&nbsp;&nbsp; RB, 5.00%, 06/15/56<sup>(b)</sup> |  | 145 | 107381 |

---

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Wisconsin (continued)** | **Wisconsin (continued)** | **Wisconsin (continued)** | **Wisconsin (continued)** |
| Public Finance Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, 0.00%, 01/01/60<sup>(b)(d)</sup> | USD  | 19530 | $1365826 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 7.75%, 07/01/43<sup>(b)</sup> |  | 1920 | 1950936 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 12/15/44<sup>(b)</sup> |  | 120 | 109366 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.63%, 06/15/49<sup>(b)</sup> |  | 840 | 761416 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.00%, 12/15/54<sup>(b)</sup> |  | 350 | 299511 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 7.50%, 07/01/59<sup>(b)</sup> |  | 2020 | 2231531 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 6.45%, 04/01/60<sup>(b)</sup> |  | 345 | 321731 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 01/01/61<sup>(b)(g)</sup> |  | 1715 | 1756314 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 07/01/65<sup>(b)(c)(g)</sup> |  | 720 | 701193 |
| &nbsp;&nbsp;&nbsp; RB, Series A-4, 5.50%, 11/15/32<sup>(b)</sup> |  | 1750 | 1698214 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.00%, 09/30/51 |  | 2025 | 1592035 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.25%, 07/01/54 |  | 560 | 451567 |
| &nbsp;&nbsp;&nbsp; RB, AMT, 4.00%, 03/31/56 |  | 680 | 525773 |
| &nbsp;&nbsp;&nbsp; Refunding RB, 5.25%, 05/15/52<sup>(b)</sup> |  | 1135 | 1064205 |
| &nbsp;&nbsp;&nbsp; Refunding RB, AMT, Series B, 5.00%, 07/01/42 |  | 750 | 721782 |
| Wisconsin Health & Educational Facilities Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.50%, 08/15/44 |  | 1305 | 1336476 |
| &nbsp;&nbsp;&nbsp; RB, Series A, 5.75%, 08/15/54 |  | 350 | 355126 |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & EDA, RB, Series A, 4.55%, <br> 07/01/37<br>|  | 165 | 165677 |
|  |  |  | 32809249 |
| **Wyoming — 0.1%** | **Wyoming — 0.1%** | **Wyoming — 0.1%** | **Wyoming — 0.1%** |
| &nbsp;&nbsp;&nbsp; University of Wyoming, RB, Series C, (AGM), 4.00%, <br> 06/01/51<br>|  | 775 | 678823 |
| **Total Municipal Bonds — 94.3%** <br>**(Cost: $475,457,794)** | **Total Municipal Bonds — 94.3%** <br>**(Cost: $475,457,794)** | **Total Municipal Bonds — 94.3%** <br>**(Cost: $475,457,794)** | 447985455 |
| **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(h)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(h)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(h)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(h)</sup> |
| **Alabama — 1.1%** | **Alabama — 1.1%** | **Alabama — 1.1%** | **Alabama — 1.1%** |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, RB, Series C-1, 5.25%, <br> 02/01/53<br>|  | 5095 | 5345177 |
| **District of Columbia — 1.1%** | **District of Columbia — 1.1%** | **District of Columbia — 1.1%** | **District of Columbia — 1.1%** |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Secured Revenue, <br> Refunding RB, Series A, 5.00%, 06/01/50<br>|  | 5000 | 5122524 |
| **Massachusetts — 2.0%** | **Massachusetts — 2.0%** | **Massachusetts — 2.0%** | **Massachusetts — 2.0%** |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GO, Series I, 5.00%, <br> 12/01/54<br>|  | 9450 | 9594673 |
| **New York — 3.6%** | **New York — 3.6%** | **New York — 3.6%** | **New York — 3.6%** |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp., RB, Series D-<br> 1-B, 4.25%, 11/01/45<br>|  | 1000 | 920379 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Revenue, <br> RB, Sub-Series H-1, 5.00%, 11/01/50<br>|  | 7500 | 7645747 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series A, 5.00%, 03/15/54<br>|  | 4365 | 4436874 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, RB, AMT, <br> Series 221, 4.00%, 07/15/55<br>|  | 5015 | 4229716 |
|  |  |  | 17232716 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Texas — 1.1%** | **Texas — 1.1%** | **Texas — 1.1%** | **Texas — 1.1%** |
| Sabine-Neches Navigation District, GO, 5.25%, 02/15/52 | USD  | 5000 | $5066638 |
| **Total Municipal Bonds Transferred to Tender Option Bond Trusts —** <br> **8.9%** <br>**(Cost: $43,658,126)** | **Total Municipal Bonds Transferred to Tender Option Bond Trusts —** <br> **8.9%** <br>**(Cost: $43,658,126)** | **Total Municipal Bonds Transferred to Tender Option Bond Trusts —** <br> **8.9%** <br>**(Cost: $43,658,126)** | 42361728 |
| **Total Long-Term Investments — 103.4%** <br>**(Cost: $519,364,391)** | **Total Long-Term Investments — 103.4%** <br>**(Cost: $519,364,391)** | **Total Long-Term Investments — 103.4%** <br>**(Cost: $519,364,391)** | 491104272 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Georgia — 1.0%** | **Georgia — 1.0%** | **Georgia — 1.0%** | **Georgia — 1.0%** |
| &nbsp;&nbsp;&nbsp; Roswell Development Authority, RB, Series A, VRDN, <br> (Truist Bank LOC), 3.90%, 07/01/25<sup>(i)</sup><br>|  | 4900 | 4900000 |
| **New York — 2.0%** | **New York — 2.0%** | **New York — 2.0%** | **New York — 2.0%** |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, RB, <br> VRDN, (JPMorgan Chase Bank NA SBPA), 4.00%, <br> 07/01/25<sup>(i)</sup><br>|  | 7850 | 7850000 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Sub-Series A4, VRDN, <br> (Barclays Bank plc SBPA), 3.90%, 07/01/25<sup>(i)</sup><br>|  | 1600 | 1600000 |
|  |  |  | 9450000 |
| **Total Short-Term Securities — 3.0%** <br>**(Cost: $14,350,000)** | **Total Short-Term Securities — 3.0%** <br>**(Cost: $14,350,000)** | **Total Short-Term Securities — 3.0%** <br>**(Cost: $14,350,000)** | 14350000 |
| **Total Investments — 106.4%** <br>**(Cost: $533,714,391)** | **Total Investments — 106.4%** <br>**(Cost: $533,714,391)** | **Total Investments — 106.4%** <br>**(Cost: $533,714,391)** | 505454272 |
| **Liabilities in Excess of Other Assets — (0.1)%** | **Liabilities in Excess of Other Assets — (0.1)%** | **Liabilities in Excess of Other Assets — (0.1)%** | (648534)<br>|
| **Liability for TOB Trust Certificates,** <br>**Including Interest Expense and Fees Payable — (6.3)%** | **Liability for TOB Trust Certificates,** <br>**Including Interest Expense and Fees Payable — (6.3)%** | **Liability for TOB Trust Certificates,** <br>**Including Interest Expense and Fees Payable — (6.3)%** | (29702003)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $475103735 |

---

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

<sup>(a)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

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

<sup>(e)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(f)</sup> Non-income producing security.

<sup>(g)</sup> When-issued security.

<sup>(h)</sup> Represents bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. 

<sup>(i)</sup> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. 

**Fair Value Hierarchy as of Period End**

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

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

------

Schedule of Investments (unaudited) (continued)

June 30, 2025

**BATS: Series E Portfolio**

**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 that may not have a secondary market and/or may have 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;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $501049 | &nbsp;&nbsp; $501049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds  | &nbsp;&nbsp; — | &nbsp;&nbsp; 256040 | &nbsp;&nbsp; — | &nbsp;&nbsp; 256040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 447985455 | &nbsp;&nbsp; — | &nbsp;&nbsp; 447985455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp; 42361728 | &nbsp;&nbsp; — | &nbsp;&nbsp; 42361728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 14350000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14350000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unfunded Commitments<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1240131 | &nbsp;&nbsp; 1240131 |
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp; $504953223 | &nbsp;&nbsp; $1741180 | &nbsp;&nbsp; $506694403 |

---

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

<sup>(a)</sup> Unfunded commitments are valued at the unrealized appreciation (depreciation) on the commitment.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, TOB Trust Certificates of $29,425,000 are categorized as Level 2 within the fair value hierarchy.

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AMT | Alternative Minimum Tax |
| COL | Collateralized |
| EDA | Economic Development Authority |
| EDC | Economic Development Corp. |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GTD | Guaranteed |
| HFA | Housing Finance Agency |
| IDA | Industrial Development Authority |
| IDB | Industrial Development Board |
| IDC | Industrial Development Corp. |
| ISD | Independent School District |
| LOC | Letter of Credit |
| RB | Revenue Bonds |
| SBPA | Stand-By Bond Purchase Agreements |
| TA | Tax Allocation |
| VRDN | Variable Rate Demand Note  |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Allocation Target Shares

- **b. Investment Company Act file number:** 811-21457

- **c. CIK number of Registrant:** 0001221845

- **d. LEI of Registrant:** 549300R5YFYF3PL2MC94

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BATS: Series E Portfolio

- **b. EDGAR series identifier (if any):** S000046220

- **c. LEI of Series:** 549300NDUFCM60JJ4W37

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $512741315.84

**Total Liabilities:** $35378032.01

**Net Assets:** $477363283.83

**Delayed Delivery Securities:** $4391424.90

**Cash Not Reported:** $99268.68

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 42688.35000000 | **1-Year:** 2057.38000000 | **5-Year:** 28778.16000000 | **10-Year:** 27903.72000000 | **30-Year:** 102274.86000000

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

- **3-Month:** 6755.34000000 | **1-Year:** 4805.78000000 | **5-Year:** 29682.12000000 | **10-Year:** 72294.35000000 | **30-Year:** 182113.97000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144517 | -1.96%               | -0.08%               | 0.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1111518.89             | $-11272210.35                              |
| Month 2  | $-472288.47              | $-1604811.29                               |
| Month 3  | $-925370.47              | $1996894.38                                |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CROSSWINDS EAST CDD FL SPL ASS               | Crosswinds East Community Development District                                   | CUSIP: 22769LAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105116.31    | 0.02%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE               | Public Finance Authority                                                         | CUSIP: 74442EML1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    345000 | PA      | $321730.71    | 0.07%             | 2060-04-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU               | Louisiana Public Facilities Authority                                            | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1355080.71   | 0.28%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIVER AUTH I               | Angelina & Neches River Authority                                                | CUSIP: 03469KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $50750.10     | 0.01%             | 2045-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IBIS LANDING CDD FL SPL ASSMNT               | Ibis Landing Community Development District                                      | CUSIP: 451075AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $123802.53    | 0.03%             | 2055-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEU5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    220000 | PA      | $106150.00    | 0.02%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250BM5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    390000 | PA      | $390294.69    | 0.08%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM               | Arkansas Development Finance Authority                                           | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990794.53   | 0.42%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S               | Mobile County Industrial Development Authority                                   | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970000 | PA      | $3625125.63   | 0.76%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH               | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2321205.10   | 0.49%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783U53<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    200000 | PA      | $181222.93    | 0.04%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BUDA TX SPL ASSMNT REVENUE                   | City of Buda TX                                                                  | CUSIP: 118829AF7<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |    685000 | PA      | $658395.68    | 0.14%             | 2055-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEQ4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     95000 | PA      | $45837.50     | 0.01%             | 2018-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SC               | New Jersey Economic Development Authority                                        | CUSIP: 645912DN3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250022.16    | 0.05%             | 2049-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU               | Louisiana Public Facilities Authority                                            | CUSIP: 546399PJ9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    150000 | PA      | $138346.95    | 0.03%             | 2062-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                       | City of Baltimore MD                                                             | CUSIP: 05923TCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $188735.86    | 0.04%             | 2030-06-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461367J4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2636379.09   | 0.55%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA TOBACCO SETTL               | District of Columbia Tobacco Settlement Financing Corp                           | CUSIP: 254842BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17300000 | PA      | $1817744.32   | 0.38%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R               | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885FFG7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    570000 | PA      | $533233.41    | 0.11%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YAE5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    211943 | PA      | $102262.50    | 0.02%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH                | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1201362.66   | 0.25%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFJ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    425597 | PA      | $205350.55    | 0.04%             | 2020-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HLTH FACS AUTH               | Brevard County Health Facilities Authority                                       | CUSIP: 107416PJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $537013.95    | 0.11%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                | Texas Transportation Commission State Highway 249 System                         | CUSIP: 88283NAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $276616.77    | 0.06%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E               | La Paz County Industrial Development Authority                                   | CUSIP: 50376HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $266844.99    | 0.06%             | 2048-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                 | Capital Trust Agency Inc                                                         | CUSIP: 14052WDR5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   7255000 | PA      | $558585.31    | 0.12%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH SENI               | Glendale Industrial Development Authority                                        | CUSIP: 378287BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $257241.55    | 0.05%             | 2056-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                        | Chicago Board of Education                                                       | CUSIP: 167505YL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    930000 | PA      | $799890.39    | 0.17%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA REDEV & HSG AUTH RE               | Norfolk Redevelopment & Housing Authority                                        | CUSIP: 655909CM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $315266.83    | 0.07%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING               | Suffolk Regional Off-Track Betting Corp                                          | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023443.99   | 0.21%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TIMBERHP BY GO LAB INC                       | TIMBERHP BY GO LAB INC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74672 | NS      | $501049.12    | 0.10%             |  |  |  | No            |                  3 | On Loan: No      |
| KINGS CREEK I CDD FL SPL ASSMN               | Kings Creek I Community Development District                                     | CUSIP: 495879AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $425833.26    | 0.09%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORTICO FL CDD SPL ASSMNT REVE               | Portico Community Development District                                           | CUSIP: 73641TAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94642.20     | 0.02%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH INDL                | Arkansas Development Finance Authority                                           | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $960587.54    | 0.20%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV               | Colorado Health Facilities Authority                                             | CUSIP: 19648FTG9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    270000 | PA      | $204986.55    | 0.04%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMMOCK OAKS CDD FL ASSMNT                   | Hammock Oaks Community Development District                                      | CUSIP: 40834PAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $321589.55    | 0.07%             | 2055-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                    | CUSIP: 8828544U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1167729.73   | 0.24%             | 2045-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH S               | Kansas City Industrial Development Authority                                     | CUSIP: 48504LAG8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |     64037 | PA      | $49900.73     | 0.01%             | 2046-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV                | Westchester County Local Development Corp                                        | CUSIP: 95737TEU6<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    560000 | PA      | $491798.66    | 0.10%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    440283 | PA      | $483526.85    | 0.10%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                               | CUSIP: 64990FA53<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    800000 | PA      | $546043.52    | 0.11%             | 2051-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EC               | New Jersey Economic Development Authority                                        | CUSIP: 64577HMN8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     65000 | PA      | $67221.97     | 0.01%             | 2031-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FRIENDSWOOD TX SPL ASSMNT REVE               | City of Friendswood TX                                                           | CUSIP: 358591AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    657000 | PA      | $656023.26    | 0.14%             | 2054-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $102822.25    | 0.02%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YCA1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    895000 | PA      | $431837.50    | 0.09%             | 2019-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                 | Massachusetts Housing Finance Agency                                             | CUSIP: 57586NS51<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    490000 | PA      | $455397.60    | 0.10%             | 2047-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97675.93     | 0.02%             | 2044-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GRAND OAKS CDD FL SPL ASSMNT R               | Grand Oaks Community Development District                                        | CUSIP: 38611CAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $198809.84    | 0.04%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFM2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    144996 | PA      | $69960.57     | 0.01%             | 2020-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC               | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041YP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $178245.72    | 0.04%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                | Metropolitan Transportation Authority                                            | CUSIP: 59259YMQ9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    165000 | PA      | $164769.93    | 0.03%             | 2025-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX SPL ASSMNT REVENUE               | City of Crandall TX                                                              | CUSIP: 224384AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $211551.52    | 0.04%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX INDL DEV COR               | Fort Bend County Industrial Development Corp                                     | CUSIP: 346786AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1342880.30   | 0.28%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HSG FIN AUTH M               | Alachua County Housing Finance Authority                                         | CUSIP: 01068LAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251625.84    | 0.05%             | 2055-07-01      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                | Capital Trust Authority                                                          | CUSIP: 14054WBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $314657.62    | 0.07%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2152628 | PA      | $1323866.06   | 0.28%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MIDAS MOUNTAIN VETERANS PROGRA               | MIDA Mountain Veterans Program Public Infrastructure District                    | CUSIP: 59561SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $740498.72    | 0.16%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU               | Louisiana Public Facilities Authority                                            | CUSIP: 546399KY1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $936763.31    | 0.20%             | 2060-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400DB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $150483.29    | 0.03%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                | Capital Trust Authority                                                          | CUSIP: 14054WBP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $127403.35    | 0.03%             | 2040-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR               | Tulsa County Industrial Authority                                                | CUSIP: 899530BA6<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    965000 | PA      | $954122.55    | 0.20%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAYS CNTY TX SPL ASSMNT REVENU               | County of Hays TX                                                                | CUSIP: 420894AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200646.51    | 0.04%             | 2045-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REVENU               | City of San Antonio TX Airport System                                            | CUSIP: 796242TC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467790.60    | 0.10%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HLTH FACS AUTH               | Brevard County Health Facilities Authority                                       | CUSIP: 107416PE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $474648.33    | 0.10%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE HLTH & HGR EDUCTNL FACS                | Maine Health & Higher Educational Facilities Authority                           | CUSIP: 56042R8P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1857256.55   | 0.39%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MALABAR SPRINGS CDD FL SPL ASS               | Malabar Springs Community Development District                                   | CUSIP: 560881AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242961.10    | 0.05%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                        | Chicago Board of Education                                                       | CUSIP: 167505SM9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    625000 | PA      | $627221.58    | 0.13%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BLY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $245290.44    | 0.05%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority | New York City Transitional Finance Authority (TOBs)                              | CUSIP: 64972JTG3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7645747.38   | 1.60%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE               | Maryland Community Development Administration                                    | CUSIP: 20364NCJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2315943.91   | 0.49%             | 2044-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $1119400.00   | 0.23%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOLAERIS CDD FL SPL ASSMNT                   | Solaeris Community Development District                                          | CUSIP: 83409XAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $716978.10    | 0.15%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PH32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1008594.92   | 0.21%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVIATION STATION NORTH MET DIS               | Aviation Station North Metropolitan District No 2                                | CUSIP: 05369KAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $456428.57    | 0.10%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NY LOCAL DEV CORP R               | Huntington Local Development Corp                                                | CUSIP: 446490AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $103893.12    | 0.02%             | 2056-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORTICO FL CDD SPL ASSMNT REVE               | Portico Community Development District                                           | CUSIP: 73641TAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $333579.02    | 0.07%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDZ5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    265000 | PA      | $127862.50    | 0.03%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST               | Tulsa Municipal Airport Trust Trustees/OK                                        | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1890530.88   | 0.40%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports                                       | CUSIP: 544445C80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517693.48   | 0.32%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LANTERNS MET DIST #2 CO                      | Lanterns Metropolitan District No 2                                              | CUSIP: 51654DAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $367971.10    | 0.08%             | 2050-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE WTR & SANTN DIST                | Elbert County Independence Water & Sanitation District                           | CUSIP: 45380AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500623.17    | 0.10%             | 2033-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO               | Utah Infrastructure Agency                                                       | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    120000 | PA      | $124074.45    | 0.03%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UHF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140172.01    | 0.03%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEK7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    486347 | PA      | $234662.43    | 0.05%             | 2018-01-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA REDEV & HSG AUTH RE               | Norfolk Redevelopment & Housing Authority                                        | CUSIP: 655909CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $198100.11    | 0.04%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RSDL CMNTY DEV                | LTC Ranch West Residential Community Development District                        | CUSIP: 50218SAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $112605.02    | 0.02%             | 2044-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HSG OPPORTUNITIES T               | Affordable Housing Opportunities Trust Series AH-01                              | CUSIP: 00826SAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    662781 | PA      | $617314.89    | 0.13%             | 2039-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD 2 CAPITA               | Lakes of Sarasota Community Development District 2                               | CUSIP: 51207BAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $599174.35    | 0.13%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH                          | Atlanta Development Authority/The                                                | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $714635.87    | 0.15%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV               | Build NYC Resource Corp                                                          | CUSIP: 12008EVC7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    705000 | PA      | $764379.81    | 0.16%             | 2053-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEL5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     49170 | PA      | $23724.53     | 0.00%             | 2020-01-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                | Capital Trust Authority                                                          | CUSIP: 14054WBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $154611.05    | 0.03%             | 2059-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH HOLLY MET DIST CO                      | North Holly Metropolitan District                                                | CUSIP: 659890AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478599.24    | 0.10%             | 2048-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO               | Utah Infrastructure Agency                                                       | CUSIP: 917467DC3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    115000 | PA      | $117246.39    | 0.02%             | 2048-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PTF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1592034.82   | 0.33%             | 2051-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                | Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | CUSIP: 896035CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $177113.10    | 0.04%             | 2058-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM               | North Carolina Medical Care Commission                                           | CUSIP: 65820YSU1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    230000 | PA      | $218603.23    | 0.05%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                | Sierra Vista Industrial Development Authority                                    | CUSIP: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $394681.46    | 0.08%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                  | Indiana Finance Authority                                                        | CUSIP: 45506EPA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    555000 | PA      | $541199.86    | 0.11%             | 2055-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST                     | School District of Philadelphia/The                                              | CUSIP: 717883A77<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    265000 | PA      | $275174.58    | 0.06%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFR1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     42010 | PA      | $20269.83     | 0.00%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH               | Seminole County Industrial Development Authority                                 | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $530620.32    | 0.11%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DYW6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    775000 | PA      | $751552.81    | 0.16%             | 2054-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                | Capital Trust Authority                                                          | CUSIP: 14054WBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $184215.09    | 0.04%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUDA TX SPL ASSMNT REVENUE                   | City of Buda TX                                                                  | CUSIP: 118829AC4<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |    345000 | PA      | $335605.78    | 0.07%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS CMNTY HSG & ECON DEV COR               | Texas Community Housing & Economic Development Corp                              | CUSIP: 88231CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1242504.79   | 0.26%             | 2065-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL FAC REV               | Public Finance Authority                                                         | CUSIP: 74446DAJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    560000 | PA      | $451566.74    | 0.09%             | 2054-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126055.33    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC               | Capital Projects Finance Authority/FL                                            | CUSIP: 14043RAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $927739.60    | 0.19%             | 2065-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1048615 | PA      | $1118198.55   | 0.23%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH CH               | New Jersey Economic Development Authority                                        | CUSIP: 64578QAC4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    945000 | PA      | $797220.90    | 0.17%             | 2054-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALISADE CO MET DIST #2 LIMITE               | Palisade Metropolitan District No 2                                              | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $923617.27    | 0.19%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BEAVER CNTY PA INDL DEV AUTH                 | Beaver County Industrial Development Authority                                   | CUSIP: 074876HP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1106319.97   | 0.23%             | 2047-10-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| TAHOE-DOUGLAS VISITORS AUTH NV               | Tahoe-Douglas Visitors Authority                                                 | CUSIP: 873816AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $217185.84    | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149821.95    | 0.03%             | 2035-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRADITION CDD #9 FL SPL ASSMNT               | Tradition Community Development District No 9                                    | CUSIP: 89269NAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $214283.45    | 0.04%             | 2056-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396FT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    880000 | PA      | $772536.23    | 0.16%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Finance Authority                   | National Finance Authority Affordable Housing Certificates Series 2024-1         | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1080000 | PA      | $1041130.56   | 0.22%             | 2040-10-20      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU               | Volusia County Educational Facility Authority                                    | CUSIP: 928836NY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $699742.51    | 0.15%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFD2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    775000 | PA      | $373937.50    | 0.08%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD               | Virginia Beach Development Authority                                             | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $393211.83    | 0.08%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH               | California Municipal Finance Authority                                           | CUSIP: 130486AJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149205.63    | 0.03%             | 2044-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION C               | Tennessee Energy Acquisition Corp                                                | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1839104.84   | 0.39%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARION RANCH CDD FL SPL ASSMNT               | Marion Ranch Community Development District                                      | CUSIP: 570001AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $288177.03    | 0.06%             | 2054-05-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST #1 CO SPL RE               | Baseline Metropolitan District No 1                                              | CUSIP: 069826AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $530086.44    | 0.11%             | 2054-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH EDU               | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72177MRY5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    180000 | PA      | $155526.98    | 0.03%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GEISINGER PA AUTH HLTH SYS REV               | Geisinger Authority                                                              | CUSIP: 368497HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2751187.99   | 0.58%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP PRIV               | Maryland Economic Development Corp                                               | CUSIP: 57422JBY3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    570000 | PA      | $569103.07    | 0.12%             | 2047-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE               | City of Valparaiso IN                                                            | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179367.31    | 0.04%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $183150.66    | 0.04%             | 2047-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DOYLESTOWN PA HOSP AUTH                      | Doylestown Hospital Authority                                                    | CUSIP: 261333HJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $314067.82    | 0.07%             | 2039-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI MF HSG REVE               | Public Finance Authority                                                         | CUSIP: 74441XJH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    720000 | PA      | $701192.50    | 0.15%             | 2065-07-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| NORTH AR-1 PASCO CDD FL CAPITA               | North AR-1 Pasco Community Development District                                  | CUSIP: 65725AAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91848.72     | 0.02%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396GB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    875000 | PA      | $697384.19    | 0.15%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $738742.05    | 0.15%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GREENBRIAR CDD FL SPL ASSMNT R               | Greenbriar Community Development District                                        | CUSIP: 39364TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $216941.67    | 0.05%             | 2054-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| YAMHILL CNTY OR HOSP AUTH                    | Yamhill County Hospital Authority                                                | CUSIP: 98464UAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $275124.02    | 0.06%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMBER CREEK MET DIST CO                      | Amber Creek Metropolitan District                                                | CUSIP: 02320AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914415.74    | 0.19%             | 2047-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                                | CUSIP: 717901CA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1739750.67   | 0.36%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POITRAS EAST CDD FL SPL ASSMNT               | Poitras East Community Development District                                      | CUSIP: 73086BAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $339847.04    | 0.07%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLCREST PRESERVE CDD FL SPL                | Hillcrest Preserve Community Development District                                | CUSIP: 43153EAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $254798.53    | 0.05%             | 2054-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDM4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    150000 | PA      | $72375.00     | 0.02%             | 2024-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN               | City of Celina TX                                                                | CUSIP: 15114CKQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97588.95     | 0.02%             | 2045-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANDRIDGE CMNTY DEV DIST FL SP               | Sandridge Community Development District                                         | CUSIP: 80007LAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $106970.15    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MILTON DE SPL OBLIG                          | Town of Milton DE                                                                | CUSIP: 601792AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149808.84    | 0.03%             | 2044-09-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                       | City of Baltimore MD                                                             | CUSIP: 05923TCR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $547693.60    | 0.11%             | 2035-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDT9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    125000 | PA      | $60312.50     | 0.01%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                       | City of Baltimore MD                                                             | CUSIP: 05923TDA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $166875.03    | 0.03%             | 2042-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE               | County of Osceola FL Transportation Revenue                                      | CUSIP: 688031FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $263042.20    | 0.06%             | 2047-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEVILLE DE SPL OBLIG                     | Town of Bridgeville DE                                                           | CUSIP: 108588AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98349.44     | 0.02%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE               | City of Pilot Point TX                                                           | CUSIP: 721614BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $104741.09    | 0.02%             | 2055-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX SPL ASSMNT R               | City of Corpus Christi TX                                                        | CUSIP: 220233AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    227000 | PA      | $216902.56    | 0.05%             | 2054-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FATE TX SPL ASSESSMENT REVENUE               | City of Fate TX                                                                  | CUSIP: 31189RCR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96830.42     | 0.02%             | 2054-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD FING AUTH T               | California Statewide Financing Authority                                         | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85006.61     | 0.02%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PDD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    155000 | PA      | $77500.00     | 0.02%             | 2046-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                | Orange County Health Facilities Authority                                        | CUSIP: 68450LJR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5145000 | PA      | $4669023.12   | 0.98%             | 2056-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA               | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JJE4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    350000 | PA      | $355126.13    | 0.07%             | 2054-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CROSSINGS CDD FL SPL ASSMNT                  | Crossings Community Development District                                         | CUSIP: 22766NAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $142884.93    | 0.03%             | 2054-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY INDL DEV AUTH EX               | Maricopa County Industrial Development Authority                                 | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5970000 | PA      | $5121228.08   | 1.07%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL ARPT REVENUE                     | County of Lee FL Airport Revenue                                                 | CUSIP: 523470HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2147907.41   | 0.45%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XKU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.34%             | 2039-08-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PD28<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1698214.30   | 0.36%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN               | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080VG3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1281833.58   | 0.27%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH               | Maricopa County Industrial Development Authority                                 | CUSIP: 56678RAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $239824.55    | 0.05%             | 2051-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    795000 | PA      | $357727.95    | 0.07%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                        | Chicago Board of Education                                                       | CUSIP: 167505WC6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    685000 | PA      | $639569.26    | 0.13%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAVON TX SPL ASSMT REVENUE                   | City of Lavon TX                                                                 | CUSIP: 51946PCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $717396.41    | 0.15%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC               | Pennsylvania Higher Education Assistance Agency                                  | CUSIP: 70878CAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $681733.12    | 0.14%             | 2047-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396GZ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    145000 | PA      | $107380.70    | 0.02%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOBE ST LUCIE CONSERVANCY DIST               | Hobe-St Lucie Conservancy District                                               | CUSIP: 434043AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $163697.62    | 0.03%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HGR EDU & H               | Montgomery County Higher Education and Health Authority                          | CUSIP: 613603YZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $948138.66    | 0.20%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                         | CUSIP: 57583UN79<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $480626.95    | 0.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                         | Stamford Housing Authority                                                       | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375233.06    | 0.08%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH               | Lee County Industrial Development Authority/FL                                   | CUSIP: 52349EER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $261571.72    | 0.05%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP               | California Municipal Finance Authority                                           | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2442407.42   | 0.51%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH EDU               | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72177MUQ8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    625000 | PA      | $475755.17    | 0.10%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARBORS CDD FL CAPITAL IMPT REV               | Arbors Community Development District                                            | CUSIP: 03879SAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928879.62    | 0.19%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                        | Chicago Board of Education                                                       | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1512146.26   | 0.32%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PA70<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1950936.33   | 0.41%             | 2043-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX SPL ASSMNT R               | City of Corpus Christi TX                                                        | CUSIP: 220233AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    152000 | PA      | $144559.14    | 0.03%             | 2044-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX SPL ASSMNT R               | City of Corpus Christi TX                                                        | CUSIP: 220233AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98965.68     | 0.02%             | 2031-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BASTROP TX SPL ASSMNT REVENUE                | City of Bastrop TX                                                               | CUSIP: 070341AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $212720.52    | 0.04%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU               | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645UTU8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3241135.60   | 0.68%             | 2059-02-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDJ1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    160000 | PA      | $77200.00     | 0.02%             | 2022-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    496000 | PA      | $355369.17    | 0.07%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST PRIVATE ACTIVITY REVEN               | State of Ohio                                                                    | CUSIP: 67759YAQ0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    370000 | PA      | $349540.05    | 0.07%             | 2053-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGANTOWN WV COMB UTILITY SYS               | Morgantown Utility Board Inc                                                     | CUSIP: 61759CDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1030681.74   | 0.22%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144855.22    | 0.03%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV               | Colorado Health Facilities Authority                                             | CUSIP: 19648FTF1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $213039.91    | 0.04%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA TOBACCO SETTL               | District of Columbia Tobacco Settlement Financing Corp                           | CUSIP: 254842BC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10325000 | PA      | $2440620.20   | 0.51%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WATERS EDGE MET DIST #2 CO                   | Waters' Edge Metropolitan District No 2                                          | CUSIP: 94184VAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $496006.62    | 0.10%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH                          | Atlanta Development Authority/The                                                | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $462261.42    | 0.10%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $360342.40    | 0.08%             | 2048-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ROSWELL GA DEV AUTH REVENUE                  | Roswell Development Authority                                                    | CUSIP: 77853AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4900000.00   | 1.03%             | 2047-04-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396FX5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $380087.17    | 0.08%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                        | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $605082.79    | 0.13%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                | Capital Trust Authority                                                          | CUSIP: 14054WBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $115338.68    | 0.02%             | 2050-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783SQ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    210000 | PA      | $210056.99    | 0.04%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOWERY HILLS CDD FL SPL ASSMNT               | Lowery Hills Community Development District                                      | CUSIP: 548652AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $156929.39    | 0.03%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &               | California Infrastructure & Economic Development Bank                            | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  19770000 | PA      | $18733216.81  | 3.92%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                | Commonwealth of Massachusetts (TOBs)                                             | CUSIP: 57582TCE0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   9450000 | PA      | $9594672.93   | 2.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKHEAD TRAILS CDD FL SPL ASS               | Buckhead Trails Community Development District                                   | CUSIP: 11836UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $212365.19    | 0.04%             | 2052-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP               | New York Transportation Development Corp                                         | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7231755.91   | 1.51%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED               | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91712.82     | 0.02%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC               | Hampton Roads Transportation Accountability Commission                           | CUSIP: 409328AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $241582.25    | 0.05%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                  | Indiana Finance Authority                                                        | CUSIP: 45506ENZ2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    475000 | PA      | $462872.34    | 0.10%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REDTAIL RIDGE MET DIST CO                    | Redtail Ridge Metropolitan District                                              | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3999000 | PA      | $2401141.66   | 0.50%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTERRA CO MET DIST #1 SPL RE               | Centerra Metropolitan District No 1                                              | CUSIP: 15200XAG8<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    155000 | PA      | $140424.94    | 0.03%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VLG PUBLIC INFRA               | Mida Mountain Village Public Infrastructure District                             | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $656314.59    | 0.14%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN               | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4735000 | PA      | $2828861.58   | 0.59%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PPS8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  19530000 | PA      | $1365825.94   | 0.29%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                      | Florida Development Finance Corp                                                 | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500926.97    | 0.10%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE               | City of Pilot Point TX                                                           | CUSIP: 721614AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99899.86     | 0.02%             | 2055-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH                            | Finance Authority of Maine                                                       | CUSIP: 56042BCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151360.87    | 0.03%             | 2032-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HLTH FACS AUTH               | Brevard County Health Facilities Authority                                       | CUSIP: 107416PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $600667.95    | 0.13%             | 2034-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOOVER AL INDL DEV BRD ENVNMNT               | Hoover Industrial Development Board                                              | CUSIP: 439241AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1428418.53   | 0.30%             | 2050-11-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| BASTROP TX SPL ASSMNT REVENUE                | City of Bastrop TX                                                               | CUSIP: 070341AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $107950.59    | 0.02%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499986.92    | 0.10%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $606824.90    | 0.13%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL               | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 5742186N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1965987.49   | 0.41%             | 2055-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    455430 | PA      | $387620.05    | 0.08%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANNA TX SPL ASSMNT REVENUE                   | City of Anna TX                                                                  | CUSIP: 035713AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $312289.20    | 0.07%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PEW1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    195000 | PA      | $16575.00     | 0.00%             | 2047-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UGG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800490.84    | 0.17%             | 2052-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MARION IL SALES TAX REVENUE                  | City of Marion IL Sales Tax Revenue                                              | CUSIP: 569498AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1094153.66   | 0.23%             | 2055-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                         | Stamford Housing Authority                                                       | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $251537.96    | 0.05%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                        | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500204.51   | 0.31%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                 | Massachusetts Housing Finance Agency                                             | CUSIP: 57586NS44<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    310000 | PA      | $287425.26    | 0.06%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV               | Colorado Health Facilities Authority                                             | CUSIP: 19648FTH7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    420000 | PA      | $303475.70    | 0.06%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA               | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JJD6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1336476.24   | 0.28%             | 2044-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    375143 | PA      | $362453.88    | 0.08%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA               | California School Finance Authority                                              | CUSIP: 13059TCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $296633.61    | 0.06%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE HOSP AUTH #3                 | Douglas County Hospital Authority No 3                                           | CUSIP: 259234CJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484689.98    | 0.10%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PDE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $137500.00    | 0.03%             | 2046-11-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE               | Public Finance Authority                                                         | CUSIP: 74442ELV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $299511.31    | 0.06%             | 2054-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F               | Capital Trust Agency Inc                                                         | CUSIP: 14054CBV0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $86743.00     | 0.02%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU               | Louisiana Public Facilities Authority                                            | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    480000 | PA      | $473878.23    | 0.10%             | 2059-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BERRY BAY II CDD FL SPL ASSMNT               | Berry Bay II Community Development District                                      | CUSIP: 08577DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $217081.78    | 0.05%             | 2054-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH               | Housing & Redevelopment Authority of The City of St Paul Minnesota               | CUSIP: 852297CH1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    240000 | PA      | $241828.18    | 0.05%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HARBOR BAY FL CDD CAPITAL IMPT               | Harbor Bay Community Development District                                        | CUSIP: 411466AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $342596.08    | 0.07%             | 2033-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YCS2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     45000 | PA      | $21712.50     | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTSIDE FL CDD SPL ASSMNT REV               | Westside Community Development District                                          | CUSIP: 96149TAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $596266.57    | 0.12%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    317000 | PA      | $276971.69    | 0.06%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| BELLA COLLINA CDD FL SPL ASSMN               | Bella Collina Community Development District                                     | CUSIP: 07819AAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $142156.32    | 0.03%             | 2055-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU               | Wisconsin Housing & Economic Development Authority                               | CUSIP: 97689REB6<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165677.02    | 0.03%             | 2037-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE               | Public Finance Authority                                                         | CUSIP: 74442EFW5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2117629.24   | 0.44%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    477000 | PA      | $152076.39    | 0.03%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV                | Westchester County Local Development Corp                                        | CUSIP: 95737TES1<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    510000 | PA      | $486714.67    | 0.10%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI               | Golden State Tobacco Securitization Corp                                         | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  38855000 | PA      | $4087615.47   | 0.86%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396CV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    335000 | PA      | $324171.90    | 0.07%             | 2047-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRADITION CDD #9 FL SPL ASSMNT               | Tradition Community Development District No 9                                    | CUSIP: 89269NAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $155716.56    | 0.03%             | 2045-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CYPRESS CREEK RESERVE CDD FL S               | Cypress Creek Reserve Community Development District                             | CUSIP: 23274FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200952.99    | 0.04%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN               | CSCDA Community Improvement Authority                                            | CUSIP: 126292AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $156069.72    | 0.03%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA DEV AUTH CHARTERS               | Development Authority of Cobb County/The                                         | CUSIP: 190779AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $141277.06    | 0.03%             | 2058-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TROUT CREEK CDD FL CAPITAL IMP               | Trout Creek Community Development District                                       | CUSIP: 897188AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136595.68    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT               | Allentown Neighborhood Improvement Zone Development Authority                    | CUSIP: 018444CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102478.87    | 0.02%             | 2032-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KCR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $219050.92    | 0.05%             | 2029-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SEAGOVILLE TX SPL ASSMNT REVEN               | City of Seagoville TX                                                            | CUSIP: 811829AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $254304.85    | 0.05%             | 2054-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE PALMS FL CDD SPL ASSM               | Seminole Palms Community Development District                                    | CUSIP: 816775AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $261700.72    | 0.05%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALLSTON QUARTER CMNTY DEV AUT               | Ballston Quarter Community Development Authority                                 | CUSIP: 058696AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $187907.48    | 0.04%             | 2059-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD FING AUTH T               | California Statewide Financing Authority                                         | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315024.51    | 0.07%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDV4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     50000 | PA      | $24125.00     | 0.01%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST                          | West Villages Improvement District                                               | CUSIP: 956454CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $216806.80    | 0.05%             | 2054-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT               | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | CUSIP: 74528LAC5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    165000 | PA      | $184033.78    | 0.04%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SKYRIDGE PEGASUS INFRASTRUCTUR               | SkyRidge Pegasus Infrastructure Financing District                               | CUSIP: 83089AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1065571.23   | 0.22%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JAMES CITY CNTY VA ECON DEV AU               | James City County Economic Development Authority                                 | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $368047.53    | 0.08%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| THE CHILDRENS TRUST FUND PR TO               | Children's Trust Fund                                                            | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17040000 | PA      | $856135.21    | 0.18%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH DO               | New Jersey Economic Development Authority                                        | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1347919.36   | 0.28%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $561568.08    | 0.12%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PP41<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1206000 | PA      | $754912.78    | 0.16%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BLZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $250196.39    | 0.05%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YAG0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    177018 | PA      | $85411.19     | 0.02%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CLUB MUNI MGMT DIST #1 TX SPL                | Club Municipal Management District No 1                                          | CUSIP: 18948PAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $170360.64    | 0.04%             | 2055-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH EDUCTNL F               | Illinois Finance Authority                                                       | CUSIP: 452029AD3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150013.73    | 0.03%             | 2045-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE                 | Tennergy Corp/TN                                                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2467683.70   | 0.52%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PPR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $570119.56    | 0.12%             | 2035-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                              | Tolomato Community Development District                                          | CUSIP: 889560FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $545785.58    | 0.11%             | 2044-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $800660.69    | 0.17%             | 2037-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A               | South Carolina Public Service Authority                                          | CUSIP: 837151RU5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $163863.48    | 0.03%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R               | Village Community Development District No 15                                     | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $429048.84    | 0.09%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $171664.79    | 0.04%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL                | Indiana Finance Authority                                                        | CUSIP: 455054BD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    640000 | PA      | $703957.42    | 0.15%             | 2039-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV               | Colorado Health Facilities Authority                                             | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123996.83    | 0.03%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                         | CUSIP: 57584YFK0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999949.19    | 0.21%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH                | Illinois State Toll Highway Authority                                            | CUSIP: 452252PY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1773555.60   | 0.37%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708686ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $458239.80    | 0.10%             | 2038-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC               | Metropolitan Government Nashville & Davidson County Sports Authority             | CUSIP: 592090JY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $967495.87    | 0.20%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY                | North Carolina Housing Finance Agency                                            | CUSIP: 658207T88<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    735000 | PA      | $782871.28    | 0.16%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ANTILLIA CDD FL SPL ASSMNT                   | Antillia Community Development District                                          | CUSIP: 03706FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $221566.82    | 0.05%             | 2054-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFE0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $866087.50    | 0.18%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I               | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    400000 | PA      | $416167.11    | 0.09%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER NY TOBACCO ASSET S               | Westchester Tobacco Asset Securitization Corp                                    | CUSIP: 957480BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $546664.58    | 0.11%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PPT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    650000 | PA      | $618888.80    | 0.13%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HLTH CARE SYS R               | City of Grand Forks ND                                                           | CUSIP: 38546WEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $346870.37    | 0.07%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST                          | West Villages Improvement District                                               | CUSIP: 956454BJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $182272.83    | 0.04%             | 2039-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTH RANGE MET DIST #3 CO                   | North Range Metropolitan District No 3                                           | CUSIP: 66176NAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483669.93    | 0.10%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S               | Mobile County Industrial Development Authority                                   | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5740000 | PA      | $5475683.76   | 1.15%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEJ0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     65000 | PA      | $31362.50     | 0.01%             | 2024-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN               | City of Celina TX                                                                | CUSIP: 15114CKU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $106814.00    | 0.02%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS NY TOBACCO TRUS               | New York Counties Tobacco Trust IV                                               | CUSIP: 62947YAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $781457.62    | 0.16%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FACS AUT               | Escambia County Health Facilities Authority                                      | CUSIP: 296110GE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1721978.00   | 0.36%             | 2050-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R               | Tobacco Settlement Financing Corp/RI                                             | CUSIP: 888809AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $306356.22    | 0.06%             | 2052-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV               | County of Hamilton OH                                                            | CUSIP: 407272Z97<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    915000 | PA      | $781474.24    | 0.16%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CMNTY BROADBAND INC                | Allegheny Community Broadband Inc                                                | CUSIP: 017276AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $155939.90    | 0.03%             | 2045-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400CM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98688.13     | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU               | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645UEP5<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97971.76     | 0.02%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN               | Florida Development Finance Corp                                                 | CUSIP: 34061UGX0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2029036.74   | 0.43%             | 2055-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                   | City of Chicago IL                                                               | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1690496.89   | 0.35%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOJOURN AT IDLEWILD MET DIST C               | Sojourn at Idlewild Metropolitan District                                        | CUSIP: 83408GAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495451.24    | 0.10%             | 2055-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT               | Utah Charter School Finance Authority                                            | CUSIP: 91754TKA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1615073.56   | 0.34%             | 2044-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOYLESTOWN PA HOSP AUTH                      | Doylestown Hospital Authority                                                    | CUSIP: 261333HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134575.98    | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District               | Black Belt Energy Gas District (TOBs)                                            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2890419.03   | 0.61%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                         | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $483357.35    | 0.10%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI ARPT FACS R               | Public Finance Authority                                                         | CUSIP: 74443CAC7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $721782.02    | 0.15%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    537288 | PA      | $370048.46    | 0.08%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEM3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    486426 | PA      | $234700.55    | 0.05%             | 2018-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DARBY CDD FL SPL ASSMNT REVENU               | Darby Community Development District                                             | CUSIP: 23705PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601572.51    | 0.13%             | 2035-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                | New York City Housing Development Corp                                           | CUSIP: 64972B8M0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $920707.24    | 0.19%             | 2044-11-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING               | Suffolk Regional Off-Track Betting Corp                                          | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $720964.75    | 0.15%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE               | County of Denton TX                                                              | CUSIP: 24880GAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $440461.14    | 0.09%             | 2045-12-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEL VALLE TX INDEP SCH DIST                  | Del Valle Independent School District TX                                         | CUSIP: 245505XT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1189896.46   | 0.25%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFP5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     30000 | PA      | $14475.00     | 0.00%             | 2018-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                       | City of Baltimore MD                                                             | CUSIP: 05923TCN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $461539.42    | 0.10%             | 2032-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST NO                | City of Las Vegas NV Special Improvement District No 613                         | CUSIP: 51779CAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $105733.96    | 0.02%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                | Sierra Vista Industrial Development Authority                                    | CUSIP: 82652UAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $370474.48    | 0.08%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205631.04    | 0.04%             | 2039-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PIONEER RANCH CDD FL SPL ASSMN               | Pioneer Ranch Community Development District                                     | CUSIP: 723846AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $897906.95    | 0.19%             | 2055-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N               | Tobacco Settlement Financing Corp                                                | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2316808.50   | 0.49%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINDWARD AT LAKEWOOD RANCH CDD               | Windward at Lakewood Ranch Community Development District                        | CUSIP: 97382EAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $133015.25    | 0.03%             | 2052-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH S               | Kansas City Industrial Development Authority                                     | CUSIP: 48504LAD5<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    116345 | PA      | $77370.42     | 0.02%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                | Black Belt Energy Gas District                                                   | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1098120.62   | 0.23%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HARDIN CNTY OH ECON DEV FACILI               | County of Hardin OH                                                              | CUSIP: 412003AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $137402.24    | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT               | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | CUSIP: 74528LAA9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    165000 | PA      | $184089.58    | 0.04%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC               | Capital Projects Finance Authority/FL                                            | CUSIP: 14043RAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115003.11    | 0.02%             | 2042-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MF AFFORD               | New Hampshire Business Finance Authority                                         | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    770000 | PA      | $773202.97    | 0.16%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GARDENS AT HAMMOCK BEACH CDD F               | Gardens at Hammock Beach Community Development District                          | CUSIP: 36549DAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $694302.99    | 0.15%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT               | Utah Charter School Finance Authority                                            | CUSIP: 91754TH30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $234863.07    | 0.05%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEN1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     49170 | PA      | $23724.53     | 0.00%             | 2020-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARION IL SALES TAX REVENUE                  | City of Marion IL Sales Tax Revenue                                              | CUSIP: 569498AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $585524.05    | 0.12%             | 2045-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN               | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $366539.76    | 0.08%             | 2032-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTHS               | Louisiana Public Facilities Authority                                            | CUSIP: 54640TAM1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    505000 | PA      | $534783.30    | 0.11%             | 2053-10-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6146000 | PA      | $5575549.52   | 1.17%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                | Texas Transportation Commission State Highway 249 System                         | CUSIP: 88283NAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $478074.23    | 0.10%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLD HILL NORTH BUSINESS IMPT                | Gold Hill North Business Improvement District                                    | CUSIP: 38061PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $466032.14    | 0.10%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8470000 | PA      | $7194551.33   | 1.51%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN               | Florida Development Finance Corp                                                 | CUSIP: 34061UJE9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $724663.31    | 0.15%             | 2056-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARTINSBURG WV MF HSG REVENUE                | City of Martinsburg WV                                                           | CUSIP: 573612AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $355178.16    | 0.07%             | 2043-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HARDIN CNTY OH ECON DEV FACILI               | County of Hardin OH                                                              | CUSIP: 412003AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $134885.47    | 0.03%             | 2040-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN               | City of Celina TX                                                                | CUSIP: 15114CJU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $428811.97    | 0.09%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                         | CUSIP: 57584YNC9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    710000 | PA      | $602310.46    | 0.13%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                 | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $608551.42    | 0.13%             | 2055-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN               | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080UP4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    820000 | PA      | $609501.82    | 0.13%             | 2049-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PEU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    195000 | PA      | $16575.00     | 0.00%             | 2031-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE EAST LLC                          | Brightline East LLC                                                              | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    346000 | PA      | $256040.00    | 0.05%             | 2030-01-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| INDEPENDENCE MET DIST #3 CO                  | Independence Metropolitan District No 3                                          | CUSIP: 453625AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502727.40    | 0.11%             | 2054-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    437920 | PA      | $389985.85    | 0.08%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN               | Florida Development Finance Corp                                                 | CUSIP: 34061UJG4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    370000 | PA      | $288272.29    | 0.06%             | 2056-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports                                       | CUSIP: 544445VD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3409090.88   | 0.71%             | 2051-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                 | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $301777.88    | 0.06%             | 2046-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDY8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     70000 | PA      | $33775.00     | 0.01%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS               | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    616174 | PA      | $571810.37    | 0.12%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN GEM CDD FL SPL ASSMNT R               | Golden Gem Community Development District                                        | CUSIP: 38105CAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1189815.69   | 0.25%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REFLECTION BAY CDD FL SPL ASSM               | Reflection Bay Community Development District                                    | CUSIP: 75865NAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $201985.26    | 0.04%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH F               | Industrial Development Authority of the City of St Louis Missouri/The            | CUSIP: 85236BAB8<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    215000 | PA      | $197746.28    | 0.04%             | 2035-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE               | Public Finance Authority                                                         | CUSIP: 74442ELU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    120000 | PA      | $109365.46    | 0.02%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFK6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    840347 | PA      | $405467.43    | 0.08%             | 2020-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CATTARAUGUS CNTY NY CAPITAL RE               | County of Cattaraugus NY                                                         | CUSIP: 14946TAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $191256.49    | 0.04%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN               | City of Celina TX                                                                | CUSIP: 15114CKV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $180556.79    | 0.04%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HAMMOCK OAKS CDD FL ASSMNT                   | Hammock Oaks Community Development District                                      | CUSIP: 40834PAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $267582.47    | 0.06%             | 2044-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN               | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080YB1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    275000 | PA      | $266088.12    | 0.06%             | 2045-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GREENBRIAR CDD FL SPL ASSMNT R               | Greenbriar Community Development District                                        | CUSIP: 39364TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186220.99    | 0.04%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY               | Iowa Student Loan Liquidity Corp                                                 | CUSIP: 462590MT4<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1522727.66   | 0.32%             | 2044-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH EDU               | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72177MRX7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    145000 | PA      | $136177.61    | 0.03%             | 2039-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BLP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $906779.32    | 0.19%             | 2055-01-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES                | Chicago Transit Authority Sales Tax Receipts Fund                                | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2998792.42   | 0.63%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE               | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031H97<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1277157.63   | 0.27%             | 2060-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS               | Florida Development Finance Corp                                                 | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1390659.68   | 0.29%             | 2032-07-01      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN               | CSCDA Community Improvement Authority                                            | CUSIP: 126292BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $358619.89    | 0.08%             | 2057-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH E               | Kansas City Industrial Development Authority                                     | CUSIP: 48502MAA1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    290000 | PA      | $269106.62    | 0.06%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783U61<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    160000 | PA      | $144930.52    | 0.03%             | 2059-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YER2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     70000 | PA      | $33775.00     | 0.01%             | 2019-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOWER MAGNOLIA GREEN VA CMNTY                | Lower Magnolia Green Community Development Authority                             | CUSIP: 548207AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $228118.11    | 0.05%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R               | LT Ranch Community Development District                                          | CUSIP: 54912EAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $206418.96    | 0.04%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MET DIST #3 CO                  | Independence Metropolitan District No 3                                          | CUSIP: 453625AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $642704.23    | 0.13%             | 2054-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181420.64    | 0.04%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRAND OAKS CDD FL SPL ASSMNT R               | Grand Oaks Community Development District                                        | CUSIP: 38611CAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $188235.20    | 0.04%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YCP8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    545000 | PA      | $262962.50    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PP66<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1756314.29   | 0.37%             | 2061-01-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MILTON DE SPL OBLIG                          | Town of Milton DE                                                                | CUSIP: 601792AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301325.41    | 0.06%             | 2053-09-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JAMES CITY CNTY VA ECON DEV AU               | James City County Economic Development Authority                                 | CUSIP: 47029WEK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250276.55    | 0.05%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                        | Chicago Board of Education                                                       | CUSIP: 167505PL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1379580.69   | 0.29%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY EXEMPT FACS REVEN               | City of Henderson KY                                                             | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1714589.56   | 0.36%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO LAND CLEARANCE                | Kansas City Land Clearance Redevelopment Authority                               | CUSIP: 48504MAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $253789.85    | 0.05%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI MENTAL HLTH               | Public Finance Authority                                                         | CUSIP: 74443XAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $703226.93    | 0.15%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN               | City of Celina TX                                                                | CUSIP: 15114CKR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $103556.45    | 0.02%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT               | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | CUSIP: 74528LAB7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    110000 | PA      | $122462.73    | 0.03%             | 2042-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REFLECTION BAY CDD FL SPL ASSM               | Reflection Bay Community Development District                                    | CUSIP: 75865NAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125237.50    | 0.03%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YCT0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    190000 | PA      | $91675.00     | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU               | Texas Private Activity Bond Surface Transportation Corp                          | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1073697.66   | 0.22%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN               | California Public Finance Authority                                              | CUSIP: 13057GAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2017745.59   | 0.42%             | 2059-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F               | Capital Trust Agency Inc                                                         | CUSIP: 14054CBR9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    420000 | PA      | $311176.45    | 0.07%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F               | Capital Trust Agency Inc                                                         | CUSIP: 14054CCB3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    285000 | PA      | $247835.04    | 0.05%             | 2054-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PD36<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2231530.70   | 0.47%             | 2059-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LORETTO HEIGHTS CMNTY AUTH CO                | Loretto Heights Community Authority                                              | CUSIP: 544084AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $429640.18    | 0.09%             | 2051-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD               | Virginia Beach Development Authority                                             | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $237510.55    | 0.05%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INLAND EMPIRE CA TOBACCO SECUR               | Inland Empire Tobacco Securitization Corp                                        | CUSIP: 45734TAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $1748639.39   | 0.37%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN               | CSCDA Community Improvement Authority                                            | CUSIP: 126292BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $168570.66    | 0.04%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS CREEK RESERVE CDD FL S               | Cypress Creek Reserve Community Development District                             | CUSIP: 23274FAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300451.13    | 0.06%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOWERY HILLS CDD FL SPL ASSMNT               | Lowery Hills Community Development District                                      | CUSIP: 548652AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $210401.23    | 0.04%             | 2055-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Sabine-Neches Navigation District            | Sabine-Neches Navigation District (TOBs)                                         | CUSIP: 78532EAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5066638.18   | 1.06%             | 2052-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL CT FIN AUTH                   | Mohegan Tribal Finance Authority                                                 | CUSIP: 608327AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2429693.73   | 0.51%             | 2045-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KCE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $478898.37    | 0.10%             | 2039-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WOOD RANCH PUB INFRASTRUCTURE                | Wood Ranch Public Infrastructure District                                        | CUSIP: 97850AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $125423.40    | 0.03%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                       | City of Baltimore MD                                                             | CUSIP: 05923TCM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $210043.47    | 0.04%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT               | Utah Charter School Finance Authority                                            | CUSIP: 91754TC76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $199630.57    | 0.04%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP               | New York Transportation Development Corp                                         | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001095.58   | 1.05%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    660000 | PA      | $628585.90    | 0.13%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136Y39<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    205000 | PA      | $205022.55    | 0.04%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEV3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    600000 | PA      | $289500.00    | 0.06%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH                            | Finance Authority of Maine                                                       | CUSIP: 56042BCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $501916.67    | 0.11%             | 2035-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YED3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     75000 | PA      | $36187.50     | 0.01%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $145124.67    | 0.03%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX SPL ASSMNT REVENUE               | City of Crandall TX                                                              | CUSIP: 224384AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95440.94     | 0.02%             | 2045-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E               | Ohio Air Quality Development Authority                                           | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4230500.94   | 0.89%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV               | Colorado Health Facilities Authority                                             | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    305000 | PA      | $308440.79    | 0.06%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BEAUMONT TX HSG AUTH RSDL DEV                | Beaumont Housing Authority                                                       | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $335157.45    | 0.07%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CORAL CREEK CDD FL SPL ASSMNT                | Coral Creek Community Development District                                       | CUSIP: 217766AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140444.15    | 0.03%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN               | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1244345.75   | 0.26%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                      | Florida Development Finance Corp                                                 | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1917260.63   | 0.40%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH               | Maricopa County Industrial Development Authority                                 | CUSIP: 56678RAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $252653.02    | 0.05%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEWARK HGR EDU FIN CORP TX EDU               | Newark Higher Education Finance Corp                                             | CUSIP: 650346BW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300358.04    | 0.06%             | 2035-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN               | Florida Development Finance Corp                                                 | CUSIP: 34061UBQ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45005.75     | 0.01%             | 2044-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE               | Salem Hospital Facility Authority                                                | CUSIP: 794458FX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4198415.38   | 0.88%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL MF HSG REVENUE                  | County of Cook IL                                                                | CUSIP: 213226AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1142066.83   | 0.24%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH S               | Kansas City Industrial Development Authority                                     | CUSIP: 48504LAE3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |     51924 | PA      | $2387.36      | 0.00%             | 2046-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EAST CENTRL VT TELECOMMUNICATI               | East Central Vermont Telecommunications District                                 | CUSIP: 271524AY6<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |    705000 | PA      | $573187.50    | 0.12%             | 2044-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EAST CENTRL VT TELECOMMUNICATI               | East Central Vermont Telecommunications District                                 | CUSIP: 271524AT7<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |    695000 | PA      | $606703.26    | 0.13%             | 2040-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    680000 | PA      | $525773.35    | 0.11%             | 2056-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO               | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1792425.33   | 0.38%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YBT1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    160000 | PA      | $77200.00     | 0.02%             | 2018-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM               | Arkansas Development Finance Authority                                           | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $354132.72    | 0.07%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TULSA OK AUTH ECON OPPTY TAX A               | Tulsa Authority for Economic Opportunity                                         | CUSIP: 899650AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $219414.25    | 0.05%             | 2041-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MN CHARTER SCH LEASE               | City of Deephaven MN                                                             | CUSIP: 24380HAQ5<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    605000 | PA      | $605101.27    | 0.13%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR               | Florida Development Finance Corp                                                 | CUSIP: 34061WAQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    645000 | PA      | $582688.65    | 0.12%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP               | New York Transportation Development Corp                                         | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513965.49    | 0.11%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MALABAR SPRINGS CDD FL SPL ASS               | Malabar Springs Community Development District                                   | CUSIP: 560881AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $161130.35    | 0.03%             | 2044-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                     | Iowa Finance Authority                                                           | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    725000 | PA      | $676683.17    | 0.14%             | 2059-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C               | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017557.83   | 0.21%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKHEAD TRAILS CDD FL SPL ASS               | Buckhead Trails Community Development District                                   | CUSIP: 11836UAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $340114.54    | 0.07%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST NO                | City of Las Vegas NV Special Improvement District No 613                         | CUSIP: 51779CAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97447.71     | 0.02%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN               | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1710491.71   | 0.36%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE               | County of Osceola FL Transportation Revenue                                      | CUSIP: 688031FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $185278.79    | 0.04%             | 2048-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                              | Tolomato Community Development District                                          | CUSIP: 889560FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $533785.84    | 0.11%             | 2054-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HAMMOCK OAKS CDD FL ASSMNT                   | Hammock Oaks Community Development District                                      | CUSIP: 40834PAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $217004.51    | 0.05%             | 2045-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV               | County of Miami-Dade Seaport Department                                          | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $456851.26    | 0.10%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN               | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $4876882.96   | 1.02%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCREEK MET DIST #2 CO                     | Westcreek Metropolitan District No 2                                             | CUSIP: 95752TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $462369.69    | 0.10%             | 2048-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442PD93<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1619834 | PA      | $1571183.08   | 0.33%             | 2032-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                      | Florida Development Finance Corp                                                 | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1731049.10   | 0.36%             | 2032-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                       | City of Baltimore MD                                                             | CUSIP: 05923TCP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $493878.56    | 0.10%             | 2033-06-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98823.90     | 0.02%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                        | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $423369.57    | 0.09%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDA0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    395000 | PA      | $190587.50    | 0.04%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YAA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    300000 | PA      | $144750.00    | 0.03%             | 2031-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                | Sierra Vista Industrial Development Authority                                    | CUSIP: 82652UAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $452505.81    | 0.09%             | 2064-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CREEKWALK MARKETPLACE BUSINESS               | Creekwalk Marketplace Business Improvement District                              | CUSIP: 225515AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1844949.39   | 0.39%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YBV6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     70000 | PA      | $33775.00     | 0.01%             | 2017-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783VW3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1786170.11   | 0.37%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST VRAIN LAKES MET DIST NO 4                 | St Vrain Lakes Metropolitan District No 4                                        | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $547081.75    | 0.11%             | 2054-09-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN               | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $399002.32    | 0.08%             | 2031-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                         | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HEL2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    645000 | PA      | $638649.55    | 0.13%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783U20<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100019.62    | 0.02%             | 2059-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY SOL               | Build NYC Resource Corp                                                          | CUSIP: 12008HAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    485000 | PA      | $485049.44    | 0.10%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3377000 | PA      | $3086421.66   | 0.65%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR               | Florida Development Finance Corp                                                 | CUSIP: 34061WBM5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $235444.38    | 0.05%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD               | Michigan Strategic Fund                                                          | CUSIP: 594698PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $200934.20    | 0.04%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                | Sierra Vista Industrial Development Authority                                    | CUSIP: 82652UAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46236.61     | 0.01%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER NY TOBACCO ASSET S               | Westchester Tobacco Asset Securitization Corp                                    | CUSIP: 957480BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $428932.95    | 0.09%             | 2051-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R               | LT Ranch Community Development District                                          | CUSIP: 54912EAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151522.17    | 0.03%             | 2054-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH SOL WST DISP               | Finance Authority of Maine                                                       | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $388643.89    | 0.08%             | 2047-12-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE               | Public Finance Authority                                                         | CUSIP: 74442EFA3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    840000 | PA      | $761415.60    | 0.16%             | 2049-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS MET DIST #1 CO                     | Highlands Metropolitan District No 1                                             | CUSIP: 43103RAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $467301.16    | 0.10%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH POR               | Cleveland-Cuyahoga County Port Authority                                         | CUSIP: 18610RCE2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    145000 | PA      | $143102.54    | 0.03%             | 2039-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YCX1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    165000 | PA      | $79612.50     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL               | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645RB42<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $462375.98    | 0.10%             | 2045-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE TX HGR EDU FIN CORP E               | New Hope Higher Education Finance Corp                                           | CUSIP: 645438AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $997048.89    | 0.21%             | 2051-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue      | District of Columbia Income Tax Revenue (TOBs)                                   | CUSIP: 25477GYN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5122523.88   | 1.07%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH E               | Kansas City Industrial Development Authority                                     | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    185000 | PA      | $165214.65    | 0.03%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP               | New York Transportation Development Corp                                         | CUSIP: 650110AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $509919.78    | 0.11%             | 2053-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTSIDE HAINES CITY CDD SPL A               | Westside Haines City Community Development District                              | CUSIP: 96150AAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $162769.32    | 0.03%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IBIS LANDING CDD FL SPL ASSMNT               | Ibis Landing Community Development District                                      | CUSIP: 451075AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100389.81    | 0.02%             | 2045-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YAF2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    177018 | PA      | $85411.19     | 0.02%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DENVER CO CONVENTION CENTER HO               | Denver Convention Center Hotel Authority                                         | CUSIP: 249189DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $940277.05    | 0.20%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORCHARD PARK PLACE SOUTH MET D               | Orchard Park Place South Metropolitan District                                   | CUSIP: 685655AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $949507.79    | 0.20%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                     | Minnesota Housing Finance Agency                                                 | CUSIP: 60416TYA0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    600000 | PA      | $636560.07    | 0.13%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                 | Capital Trust Agency Inc                                                         | CUSIP: 14052WDK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1282758.83   | 0.27%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                | New York City Municipal Water Finance Authority                                  | CUSIP: 64972F2J4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   7850000 | PA      | $7850000.00   | 1.64%             | 2044-06-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST #5 CO                       | Canyons Metropolitan District No 5                                               | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498597.70    | 0.10%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  14563122 | PA      | $7703844.31   | 1.61%             | 2051-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFG5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    175000 | PA      | $84437.50     | 0.02%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F               | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $935639.54    | 0.20%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                     | District of Columbia                                                             | CUSIP: 25483VQY3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    580000 | PA      | $543563.31    | 0.11%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST CENTRL VT TELECOMMUNICATI               | East Central Vermont Telecommunications District                                 | CUSIP: 271524BA7<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |    785000 | PA      | $823023.26    | 0.17%             | 2046-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HLTH FACS AUTH               | Brevard County Health Facilities Authority                                       | CUSIP: 107416PG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $507643.62    | 0.11%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBL               | California Housing Finance Agency                                                | CUSIP: 13034DAV6<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1577199.94   | 0.33%             | 2067-07-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $765204.95    | 0.16%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OAK POINT TX SPL ASSMNT REVENU               | City of Oak Point TX                                                             | CUSIP: 67176TBA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $280310.71    | 0.06%             | 2054-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BALLSTON QUARTER CMNTY DEV AUT               | Ballston Quarter Community Development Authority                                 | CUSIP: 058696AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     92000 | PA      | $91212.67     | 0.02%             | 2046-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                        | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1415725.76   | 0.30%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH T               | Industrial Development Authority of the City of St Louis Missouri/The            | CUSIP: 85237JAB0<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    585000 | PA      | $576613.97    | 0.12%             | 2054-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $93463.53     | 0.02%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NORMANDY CDD FL CAPITAL IMPT R               | Normandy Community Development District                                          | CUSIP: 65618HAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $406235.58    | 0.09%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU               | Texas Private Activity Bond Surface Transportation Corp                          | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $301103.56    | 0.06%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA               | City of Forest Lake MN                                                           | CUSIP: 345856AY4<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $1690787.92   | 0.35%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV               | Build NYC Resource Corp                                                          | CUSIP: 12008EVB9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    385000 | PA      | $424554.44    | 0.09%             | 2043-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396GY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    195000 | PA      | $148363.34    | 0.03%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HICKORY CHASE OH CMNTY AUTH IN               | Hickory Chase Community Authority                                                | CUSIP: 428861AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $725675.27    | 0.15%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    417505 | PA      | $411155.75    | 0.09%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250DN1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1573050.09   | 0.33%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Age               | California Housing Finance Agency                                                | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | ABS-MBS          | MUN               | US        |    924233 | PA      | $861337.61    | 0.18%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CELEBRATION POINTE CMNTY DEV D               | Celebration Pointe Community Development District No 1                           | CUSIP: 15102HAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $176250.00    | 0.04%             | 2045-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFW0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    235000 | PA      | $113387.50    | 0.02%             | 2019-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA TOBACCO SETTL               | District of Columbia Tobacco Settlement Financing Corp                           | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $157454.86    | 0.03%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN NY LOCAL DEV CO               | Hempstead Town Local Development Corp                                            | CUSIP: 424682GE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485131.42    | 0.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFN0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     30000 | PA      | $14475.00     | 0.00%             | 2017-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                        | CUSIP: 442349FW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3590000 | PA      | $3238491.31   | 0.68%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD 2 CAPITA               | Lakes of Sarasota Community Development District 2                               | CUSIP: 51207BAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $696648.84    | 0.15%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396EW8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1287885.39   | 0.27%             | 2049-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS               | Oklahoma Development Finance Authority                                           | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    580000 | PA      | $571654.31    | 0.12%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE                | Parish of St James LA                                                            | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1010025.72   | 0.21%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                        | Chicago Board of Education                                                       | CUSIP: 167505RM0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259190.85    | 0.05%             | 2046-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR SCH DIST #12               | Clackamas County School District No 12 North Clackamas                           | CUSIP: 179093HN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $144272.74    | 0.03%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HARDIN CNTY OH ECON DEV FACILI               | County of Hardin OH                                                              | CUSIP: 412003AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $605340.90    | 0.13%             | 2050-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                           | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    322089 | PA      | $305908.27    | 0.06%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK DESERT PUB INFRASTRUCTUR               | Black Desert Public Infrastructure District                                      | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $387042.81    | 0.08%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN               | CSCDA Community Improvement Authority                                            | CUSIP: 126292BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $824900.58    | 0.17%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE               | County of Osceola FL Transportation Revenue                                      | CUSIP: 688031FE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $143708.11    | 0.03%             | 2049-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                         | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $458885.00    | 0.10%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWFIELD CDD FL SPL ASSMNT REV               | Newfield Community Development District                                          | CUSIP: 65128AAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $798417.37    | 0.17%             | 2056-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CREEKWALK MARKETPLACE BUSINESS               | Creekwalk Marketplace Business Improvement District                              | CUSIP: 225515AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    513000 | PA      | $515486.97    | 0.11%             | 2054-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC               | Pennsylvania Higher Education Assistance Agency                                  | CUSIP: 70878CBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $151096.96    | 0.03%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                 | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $282880.37    | 0.06%             | 2040-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783Q74<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    190000 | PA      | $186423.76    | 0.04%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHLANDS CO MET DIST #1                    | Southlands Metropolitan District No 1                                            | CUSIP: 84454RAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250243.55    | 0.05%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER MAGNOLIA GREEN VA CMNTY                | Lower Magnolia Green Community Development Authority                             | CUSIP: 548207AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $79613.88     | 0.02%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE               | County of Osceola FL Transportation Revenue                                      | CUSIP: 688031FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $305612.54    | 0.06%             | 2046-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEF8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     30000 | PA      | $14475.00     | 0.00%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DHJ4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    570000 | PA      | $461038.90    | 0.10%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC               | Capital Projects Finance Authority/FL                                            | CUSIP: 14043FAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $144647.98    | 0.03%             | 2059-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400CR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    172000 | PA      | $163969.89    | 0.03%             | 2054-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HASTINGS CAMPUS HSG FIN AUTH C               | Hastings Campus Housing Finance Authority                                        | CUSIP: 418338AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $490238.64    | 0.10%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA PUBLIC HOSP DIST                | King County Public Hospital District No 4                                        | CUSIP: 494794FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199056.21    | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH               | Maricopa County Industrial Development Authority                                 | CUSIP: 56678PAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $221269.71    | 0.05%             | 2038-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YCY9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    385000 | PA      | $185762.50    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARRISH PLANTATION CMNTY DEV D               | Parrish Plantation Community Development District                                | CUSIP: 701830AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $235513.84    | 0.05%             | 2054-05-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FACS AUT               | Escambia County Health Facilities Authority                                      | CUSIP: 296110GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3060000 | PA      | $2552365.49   | 0.53%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT               | Clackamas County Hospital Facility Authority                                     | CUSIP: 179027YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185948.73    | 0.04%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD               | Michigan Strategic Fund                                                          | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1195724.21   | 0.25%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PARKER ROAD FL CDD CAPITAL IMP               | Parker Road Community Development District                                       | CUSIP: 701123AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $325324.66    | 0.07%             | 2030-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                | Arlington Higher Education Finance Corp                                          | CUSIP: 041806RX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $989522.38    | 0.21%             | 2054-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COASTAL RIDGE CDD FL SPL ASSMN               | Coastal Ridge Community Development District                                     | CUSIP: 19052TAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603808.91    | 0.13%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396FW7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    210000 | PA      | $167040.92    | 0.03%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY               | Patriots Energy Group Financing Agency                                           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1993121.43   | 0.42%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783VM5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    190000 | PA      | $190345.32    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3051748.11   | 0.64%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARRISH LAKES CDD CAPITAL IMPT               | Parrish Lakes Community Development District                                     | CUSIP: 70183FAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $449249.66    | 0.09%             | 2054-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14410000 | PA      | $1352616.28   | 0.28%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PRESERVE AT S BRANCH CDD FL SP               | Preserve at South Branch Community Development District                          | CUSIP: 74082PAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $194882.90    | 0.04%             | 2030-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YCW3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     75000 | PA      | $36187.50     | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F               | Capital Trust Agency Inc                                                         | CUSIP: 14054CEH8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1044143.62   | 0.22%             | 2056-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                      | Florida Development Finance Corp                                                 | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2377420.92   | 0.50%             | 2059-07-15      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN               | CSCDA Community Improvement Authority                                            | CUSIP: 126292BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $176839.14    | 0.04%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEA9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     40000 | PA      | $19300.00     | 0.00%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $505138.18    | 0.11%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RIVERPARK MET DIST CO LIMITED                | Riverpark Metropolitan District/Arapahoe County                                  | CUSIP: 76883BAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483659.29    | 0.10%             | 2042-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE               | Public Finance Authority                                                         | CUSIP: 744396HF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    440000 | PA      | $342797.20    | 0.07%             | 2056-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                | Arlington Higher Education Finance Corp                                          | CUSIP: 041807BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $283093.26    | 0.06%             | 2062-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority           | New York State Dormitory Authority (TOBs)                                        | CUSIP: 64990KHB2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4365000 | PA      | $4436874.20   | 0.93%             | 2054-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey      | Port Authority of New York & New Jersey (TOBs)                                   | CUSIP: 73358W5U4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5015000 | PA      | $4229715.77   | 0.89%             | 2055-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHADOWLAWN CDD FL SPL ASSMNT R               | Shadowlawn Community Development District                                        | CUSIP: 818820AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $879920.84    | 0.18%             | 2054-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                                | CUSIP: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    235000 | PA      | $236773.02    | 0.05%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EAGAN MN CHRTR SCH LEASE REVEN               | City of Eagan MN                                                                 | CUSIP: 26940AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91379.46     | 0.02%             | 2055-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH GEN R               | New York State Thruway Authority                                                 | CUSIP: 650010CJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1064562.19   | 0.22%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COASTAL RIDGE CDD FL SPL ASSMN               | Coastal Ridge Community Development District                                     | CUSIP: 19052TAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $464175.66    | 0.10%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400CP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50143.03     | 0.01%             | 2031-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                        | CUSIP: 4423487R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $394627.43    | 0.08%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT               | Allentown Neighborhood Improvement Zone Development Authority                    | CUSIP: 018444CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96774.83     | 0.02%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EAST PT GA BUSINESS & INDL DEV               | East Point Business & Industrial Development Authority                           | CUSIP: 274502AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $101250.00    | 0.02%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST                          | West Villages Improvement District                                               | CUSIP: 956454BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $270122.39    | 0.06%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH                     | Oklahoma Development Finance Authority                                           | CUSIP: 6789083V4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3196268.18   | 0.67%             | 2051-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH HLTH FACS REV               | Iowa Finance Authority                                                           | CUSIP: 462466FZ1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    570000 | PA      | $493065.79    | 0.10%             | 2046-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 93978LGG5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    310000 | PA      | $274710.75    | 0.06%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN               | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1240862.03   | 0.26%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH EDU               | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72177MTQ0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    295000 | PA      | $234090.89    | 0.05%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VLG PUBLIC INFRA               | Mida Mountain Village Public Infrastructure District                             | CUSIP: 59561UAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502676.24    | 0.11%             | 2044-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL REVENUE               | Public Finance Authority                                                         | CUSIP: 74447TAG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3305000 | PA      | $3222490.23   | 0.68%             | 2033-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CMNTY BROADBAND INC                | Allegheny Community Broadband Inc                                                | CUSIP: 017276AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $181431.67    | 0.04%             | 2051-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GAS WORX CDD FL SPL ASSMNT                   | Gas Worx Community Development District                                          | CUSIP: 367200AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450621.55    | 0.09%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEP6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    110000 | PA      | $53075.00     | 0.01%             | 2017-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp       | New York City Housing Development Corp (TOBs)                                    | CUSIP: 64972CMP5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $920379.03    | 0.19%             | 2045-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING               | Suffolk Regional Off-Track Betting Corp                                          | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $417475.80    | 0.09%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDG7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    325000 | PA      | $156812.50    | 0.03%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH PERSO               | New York State Thruway Authority                                                 | CUSIP: 650028ZB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3215809.44   | 0.67%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK               | Port of Beaumont Navigation District                                             | CUSIP: 73360CAD6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1514541.36   | 0.32%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE               | County of Denton TX                                                              | CUSIP: 24880GAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $637398.25    | 0.13%             | 2055-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC               | Pennsylvania Higher Education Assistance Agency                                  | CUSIP: 70878CBS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $870703.76    | 0.18%             | 2046-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LINCOLNWOOD IL TAX INCREMENT A               | Village of Lincolnwood Il                                                        | CUSIP: 53509AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $268152.78    | 0.06%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                      | Florida Development Finance Corp                                                 | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1092237.26   | 0.23%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH AR-1 PASCO CDD FL CAPITA               | North AR-1 Pasco Community Development District                                  | CUSIP: 65725AAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87065.42     | 0.02%             | 2044-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4361000 | PA      | $1389868.87   | 0.29%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS NY TOBACCO TRUS               | New York Counties Tobacco Trust VI                                               | CUSIP: 64945JAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $711189.81    | 0.15%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R               | Arizona Industrial Development Authority                                         | CUSIP: 04052BEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $173385.39    | 0.04%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CURIOSITY CREEK CDD FL CAPITAL               | Curiosity Creek Community Development District                                   | CUSIP: 23128SAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $109253.73    | 0.02%             | 2044-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE               | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704MCH7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    325000 | PA      | $294832.84    | 0.06%             | 2062-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU               | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61360PCM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $845950.40    | 0.18%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF WYOMING WY UNIV REVENU               | University of Wyoming                                                            | CUSIP: 915268J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $678823.00    | 0.14%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH                            | Finance Authority of Maine                                                       | CUSIP: 56042BCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150146.72    | 0.03%             | 2032-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OREGON ST FACS AUTH REVENUE                  | Oregon State Facilities Authority                                                | CUSIP: 68608JXL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $261116.58    | 0.05%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS               | Florida Development Finance Corp                                                 | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    680000 | PA      | $676019.20    | 0.14%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| PORT OF MORROW OR                            | Port of Morrow OR                                                                | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3529177.78   | 0.74%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP               | New York Transportation Development Corp                                         | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $877186.17    | 0.18%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PARRISH PLANTATION CMNTY DEV D               | Parrish Plantation Community Development District                                | CUSIP: 701830AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123332.95    | 0.03%             | 2044-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDL6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    930000 | PA      | $448725.00    | 0.09%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YEG6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    940000 | PA      | $453550.00    | 0.10%             | 2022-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN               | CSCDA Community Improvement Authority                                            | CUSIP: 126292AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $702951.62    | 0.15%             | 2056-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TAHOE-DOUGLAS VISITORS AUTH NV               | Tahoe-Douglas Visitors Authority                                                 | CUSIP: 873816AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $279608.07    | 0.06%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI               | Public Finance Authority                                                         | CUSIP: 74443UBC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1064204.69   | 0.22%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN GROVE CMNTY DEV DIST                | Southern Groves Community Development District No 5                              | CUSIP: 843021AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $330843.80    | 0.07%             | 2034-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District               | Black Belt Energy Gas District (TOBs)                                            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2454757.87   | 0.51%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                | Metropolitan Government Nashville & Davidson County Industrial Development Board | CUSIP: 59211SAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $272015.77    | 0.06%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                | Orange County Health Facilities Authority                                        | CUSIP: 68450LDT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250276.28    | 0.05%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK               | Port of Beaumont Navigation District                                             | CUSIP: 73360CAC8<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    690000 | PA      | $618321.80    | 0.13%             | 2035-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN               | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542QBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230053.94    | 0.05%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI               | Washington State Housing Finance Commission                                      | CUSIP: 939783U87<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    775000 | PA      | $775409.28    | 0.16%             | 2029-07-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CURIOSITY CREEK CDD FL CAPITAL               | Curiosity Creek Community Development District                                   | CUSIP: 23128SAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $172953.00    | 0.04%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL REGION FL CDD REVENUE                | Capital Region Community Development District                                    | CUSIP: 14044NBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $342909.00    | 0.07%             | 2031-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BRIDGEVILLE DE SPL OBLIG                     | Town of Bridgeville DE                                                           | CUSIP: 108588AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98507.56     | 0.02%             | 2053-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR               | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YFQ3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    250000 | PA      | $120625.00    | 0.03%             | 2020-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                       | City of Baltimore MD                                                             | CUSIP: 05923TCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $515879.22    | 0.11%             | 2034-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH POR               | Cleveland-Cuyahoga County Port Authority                                         | CUSIP: 18610RCG7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    330000 | PA      | $319104.40    | 0.07%             | 2049-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU               | City of Princeton TX                                                             | CUSIP: 742400DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $107747.98    | 0.02%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV               | County of Hamilton OH                                                            | CUSIP: 40727RBT4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    190000 | PA      | $184183.41    | 0.04%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANNING LEWIS RANCH MET DIST #               | Banning Lewis Ranch Metropolitan District No 8                                   | CUSIP: 06663CAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $423401.15    | 0.09%             | 2051-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** BlackRock Allocation Target Shares

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer