# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001752724-25-179511
**Filing Date:** 2025-7
**Character Count:** 193709
**Document Hash:** becb2ab666293f0a45a224253f86520c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179511.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179511

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20251130

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 251151318

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

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

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

## Series and Classes Contracts Data

### AB Tax-Aware Intermediate Municipal ETF (Series ID: S000082569)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000245885 | AB Tax-Aware Intermediate Municipal ETF | TAFM            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

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

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

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

- **b. EDGAR series identifier (if any):** S000082569

- **c. LEI of Series:** 2549007AIWCBHH687761

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $289421722.54

**Total Liabilities:** $3357047.82

**Net Assets:** $286064674.72

**Delayed Delivery Securities:** $3288403.00

**Cash Not Reported:** $49558.72

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -613.09000000 | **1-Year:** -6995.88000000 | **5-Year:** -38473.29000000 | **10-Year:** -106705.23000000 | **30-Year:** -31431.48000000

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

- **3-Month:** -68.56000000 | **1-Year:** -865.82000000 | **5-Year:** -3299.86000000 | **10-Year:** -10272.57000000 | **30-Year:** -3768.11000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245885 | -1.60%               | -0.42%               | -0.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9496.03                 | $-3539234.81                               |
| Month 2  | $-11366.81               | $-1107839.51                               |
| Month 3  | $-15319.98               | $-1493488.17                               |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond Unhedged

- **Index Identifier:** LMBITR:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI CHRT SCH REVENUE                                                                                                | CUSIP: 744396KH4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $429453.45    | 0.15%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                      | NEW ORLEANS LA AVIATION BRD                                                                                                        | CUSIP: 64763HMM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045023.70   | 0.37%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97305.72     | 0.03%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105890.40   | 0.74%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                       | CUSIP: 45200FZT9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    655000 | PA      | $655000.00    | 0.23%             | 2043-08-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                     | OKLAHOMA ST TURNPIKE AUTH                                                                                                          | CUSIP: 679111E59<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041854.60   | 0.36%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $883291.60    | 0.31%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    750000 | PA      | $793528.58    | 0.28%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FBA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992091.20    | 0.35%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                           | GUILFORD CNTY NC                                                                                                                   | CUSIP: 401784H22<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1141789.00   | 0.40%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | WASHINGTON ST HSG FIN COMMISSION                                                                                                   | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    298796 | PA      | $275205.33    | 0.10%             | 2050-03-20      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                              | PITTSBURGH PA WTR & SWR AUTH                                                                                                       | CUSIP: 725304VA4<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019656.70   | 0.36%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023950.10   | 0.36%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                   | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                           | CUSIP: 11861MAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104460.34    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                 | CMFA SPL FIN AGY VII CA ESSENTIAL HSG REVENUE                                                                                      | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $65040.18     | 0.02%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                             | SAINT CLOUD MN HLTH CARE REVENUE                                                                                                   | CUSIP: 78916VEH9<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088652.30   | 0.38%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065005.10   | 0.37%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                       | CUSIP: 45203HE81<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $922445.60    | 0.32%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE                                                                       | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    750000 | PA      | $783764.85    | 0.27%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2290000 | OU      | $-9835.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A3J4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    330000 | PA      | $346414.27    | 0.12%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                                                                                                    | CUSIP: 70914P4H2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $189282.44    | 0.07%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE                                                                       | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504142.10    | 0.18%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH STHRN TRANSMISSION SYSTE                                                                       | CUSIP: 842469BE7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033097.90   | 0.36%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31EU6   IRS USD R F  4.08750 IS31EU6 CCPOIS / Short: SS31EU6   IRS USD P V 00MSOFR IS31EV7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1600000 | OU      | $32933.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CDQ8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910891.10    | 0.32%             | 2044-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                              | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275EW9<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536279.40    | 0.19%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896YJ8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1492050.15   | 0.52%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1604988.12   | 0.56%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL SPL OBLIG                                                                                                       | CUSIP: 59333N5G4<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025204.70   | 0.36%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                        | CUSIP: 452153KY4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041316.50   | 0.36%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS2Y9Y5   IRS USD R V 00MSOFR IS2Y9Z6 CCPOIS / Short: BS2Y9Y5   IRS USD P F  3.30384 IS2Y9Y5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    200000 | OU      | $10535.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                         | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                                                                                        | CUSIP: 594698QU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924078.80    | 0.32%             | 2048-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837032BX8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2162443.29   | 0.76%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue             | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE                                                                              | CUSIP: 592643BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1333380.59   | 0.47%             | 2041-10-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                        | WEST VIRGINIA ST HOSP FIN AUTH                                                                                                     | CUSIP: 956622V76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026290.40   | 0.36%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BDX3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    460000 | PA      | $474602.70    | 0.17%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Florida Tourism Oversight District                                      | CENTRL FLORIDA TOURISM OVERSIGHT DIST                                                                                              | CUSIP: 153480AV0<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035646.70   | 0.36%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484703.15    | 0.17%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211585.94    | 0.07%             | 2054-04-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                   | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                           | CUSIP: 11861MBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $82016.37     | 0.03%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JTD0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054936.80   | 0.37%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                    | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE                                                                                   | CUSIP: 39160CBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032246.20   | 0.36%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227VM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030946.80   | 0.36%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                                                                                           | CUSIP: 542691JX9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014612.20   | 0.35%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   3000000 | OU      | $18508.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XGK2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    855000 | PA      | $890104.16    | 0.31%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                               | VENICE FL                                                                                                                          | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94381.68     | 0.03%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647HN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262486.63    | 0.09%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155338.86    | 0.05%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS34449   IRS USD R V 00MSOFR IS34450 CCPOIS / Short: BS34449   IRS USD P F  3.74700 IS34449 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1000000 | OU      | $10138.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028067.90   | 0.36%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                  | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $865244.10    | 0.30%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                         | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                                                                          | CUSIP: 041807JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $894590.20    | 0.31%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS346M1   IRS USD R V 00MSOFR IS346N2 CCPOIS / Short: BS346M1   IRS USD P F  3.60300 IS346M1 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1000000 | OU      | $21881.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE                                                                               | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1544830.09   | 0.54%             | 2054-07-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                             | SAINT CLOUD MN HLTH CARE REVENUE                                                                                                   | CUSIP: 78916VEQ9<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508040.60    | 0.18%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                              | PALM BEACH CNTY FL EDUCTNL FACS AUTH                                                                                               | CUSIP: 696506AW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $247694.20    | 0.09%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX                                                                        | CUSIP: 896032AX7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512325.55    | 0.18%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                               | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE                                                                              | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $147088.90    | 0.05%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VTR5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202925.62    | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                           | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                      | CUSIP: 140427CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497761.20    | 0.17%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS32G14   IRS USD R F  3.96650 IS32G14 CCPOIS / Short: SS32G14   IRS USD P V 00MSOFR IS32G25 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1700000 | OU      | $23593.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS30555   IRS USD R V 00MSOFR IS30566 CCPOIS / Short: BS30555   IRS USD P F  3.71900 IS30555 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    900000 | OU      | $12744.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                        | CUSIP: 64966SJS6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057007.50   | 0.37%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                                        | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99339.56     | 0.03%             | 2051-01-01      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFX9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020003.00   | 0.36%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1566000 | OU      | $12150.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                      | STAMFORD CT HSG AUTH                                                                                                               | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299720.61    | 0.10%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                          | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                                                                                        | CUSIP: 85732GTZ3<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.52%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                              | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   2088338 | NS      | $2088337.64   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3332393.28   | 1.16%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675936A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258278.83    | 0.09%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99424.97     | 0.03%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $44395.08     | 0.02%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243008.93    | 0.08%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                               | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295E47<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.70%             | 2060-03-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                            | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RDH1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1055000.00   | 0.37%             | 2038-02-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                        | WEST VIRGINIA ST HOSP FIN AUTH                                                                                                     | CUSIP: 956622P40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.21%             | 2034-06-01      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                               | LIBERTY DEV CORP NY REVENUE                                                                                                        | CUSIP: 531127CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128927.30   | 0.39%             | 2037-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP                                                                                                            | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    350000 | PA      | $342397.69    | 0.12%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                     | KENTON CNTY KY ARPT BRD                                                                                                            | CUSIP: 491026VW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2014761.14   | 0.70%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                               | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                                                                                   | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1528827.30   | 0.53%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                             | COLUMBUS OH REGL ARPT AUTH REVENUE                                                                                                 | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2017983.26   | 0.71%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Town of Vail CO                                                                 | VAIL CO COPS                                                                                                                       | CUSIP: 91878DAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3127438.20   | 1.09%             | 2064-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                              | CUSIP: 575579Q83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042598.70   | 0.36%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                 | Long: BS34A07   CDS USD R V 03MEVENT IS34A18 CCPCDX / Short: BS34A07   CDS USD P F  5.00000 IS34A07 CCPCDX                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    550000 | OU      | $-39568.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                  | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93794.76     | 0.03%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                         | CAPITAL TRUST AUTH FL CHRTR SCH REVENUE                                                                                            | CUSIP: 14054YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $134359.32    | 0.05%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    750000 | PA      | $771120.00    | 0.27%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH STUDENT HSG REVENUE                                                                                            | CUSIP: 45471FAV3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886957.30    | 0.31%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                               | CUSIP: 64990F6J8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2377847.04   | 0.83%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                                       | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248832.15    | 0.09%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                  | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC LEASE REVENUE                                                                                 | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400019.60    | 0.14%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                     | CUSIP: 63607WAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     99379 | PA      | $89412.76     | 0.03%             | 2039-08-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS2Z186   IRS USD R V 00MSOFR IS2Z197 CCPOIS / Short: BS2Z186   IRS USD P F  3.23100 IS2Z186 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    400000 | OU      | $22950.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                          | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE                                                                               | CUSIP: 896035DE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1082487.30   | 0.38%             | 2054-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                 | CUSIP: 19648FSV7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $211829.90    | 0.07%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                 | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE                                                                                    | CUSIP: 30382VAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923597.80    | 0.32%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS341Q0   IRS USD R V 00MSOFR IS341R1 CCPOIS / Short: BS341Q0   IRS USD P F  3.84250 IS341Q0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2700000 | OU      | $6390.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500633.60    | 0.18%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1300000 | OU      | $26049.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                               | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1370000.00   | 0.48%             | 2048-03-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U7L9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108860.00    | 0.04%             | 2067-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 8371516L8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505869.15    | 0.18%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                     | WASHINGTON ST HLTH CARE FACS AUTH                                                                                                  | CUSIP: 93978HXH3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994877.70    | 0.35%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969449.20    | 0.34%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518357.15    | 0.18%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue             | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE                                                                              | CUSIP: 592643BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060818.50   | 0.37%             | 2044-10-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                     | KENTON CNTY KY ARPT BRD                                                                                                            | CUSIP: 491026WH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358442.95    | 0.13%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                          | CUSIP: 13032UU71<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003605.30   | 0.35%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005486.60   | 0.35%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                         | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                 | CUSIP: 12008ETQ9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    555000 | PA      | $590653.59    | 0.21%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pocono Mountains Industrial Park Authority                                      | POCONO MOUNTAINS PA INDL PARK AUTH HOSP REVENUE                                                                                    | CUSIP: 73043PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1131489.33   | 0.40%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                              | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU                                                                       | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003443.70   | 0.35%             | 2027-09-15      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                             | COLUMBUS OH REGL ARPT AUTH REVENUE                                                                                                 | CUSIP: 199546CY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1854033.48   | 0.65%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100585.27    | 0.04%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358W5N0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    900000 | PA      | $883866.42    | 0.31%             | 2037-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hoboken NJ                                                              | HOBOKEN NJ                                                                                                                         | CUSIP: 434110XP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007751.30   | 0.35%             | 2026-03-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Savannah Economic Development Authority                                         | SAVANNAH GA ECON DEV AUTH                                                                                                          | CUSIP: 80483CQG9<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963561.20    | 0.34%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031083.80   | 0.36%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Federal Way WA                                                          | FEDERAL WAY WA                                                                                                                     | CUSIP: 314031JN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026394.80   | 0.36%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2864388.18   | 1.00%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS331T0   IRS USD R V 00MSOFR IS331U1 CCPOIS / Short: BS331T0   IRS USD P F  3.87000 IS331T0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1350000 | OU      | $1309.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                 | ONONDAGA NY CIVIC DEV CORP                                                                                                         | CUSIP: 682832LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060497.20   | 0.37%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                      | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZA7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102534.19    | 0.04%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                    | RENO-TAHOE NV ARPT AUTH ARPT REVENUE                                                                                               | CUSIP: 759874CJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305372.16    | 0.11%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DISTRICT OF COLUMBIA REVENUE                                                                                                       | CUSIP: 254839RX3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.56%             | 2038-08-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                     | OKLAHOMA ST TURNPIKE AUTH                                                                                                          | CUSIP: 679111F74<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059928.70   | 0.37%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS2ZLG4   IRS USD R V 00MSOFR IS2ZLH5 CCPOIS / Short: BS2ZLG4   IRS USD P F  3.31400 IS2ZLG4 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    700000 | OU      | $34438.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                       | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                   | CUSIP: 57421CGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $810000.00    | 0.28%             | 2048-06-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                                                                             | CUSIP: 592247K66<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    150000 | PA      | $96065.51     | 0.03%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE                                                                         | CUSIP: 928103AX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917550.60    | 0.32%             | 2044-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                      | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516497.00    | 0.18%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lauderdale County Agriculture Center Authority                                  | LAUDERDALE CNTY AL AGRICULTURE CENTER AUTH SPL TAX                                                                                 | CUSIP: 518481CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024536.40   | 0.36%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                   | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE                                                                                     | CUSIP: 69651ABW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $723507.75    | 0.25%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1075228.55   | 0.38%             | 2052-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                         | HAWAII ST ARPTS SYS REVENUE                                                                                                        | CUSIP: 419794H54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991089.30    | 0.35%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 626207Z72<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    700000 | PA      | $678821.29    | 0.24%             | 2063-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                       | CUSIP: 04052FFE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972163.30    | 0.34%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                                                                                      | CUSIP: 13063EDM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211576.88    | 0.07%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                         | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE                                                                         | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95138.17     | 0.03%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31F25   IRS USD R F  4.09150 IS31F25 CCPOIS / Short: SS31F25   IRS USD P V 00MSOFR IS31F36 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    800000 | OU      | $16235.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                     | VANCOUVER WA HSG AUTH                                                                                                              | CUSIP: 921626PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953057.30    | 0.33%             | 2038-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mid-Bay Bridge Authority                                                        | FLORIDA ST MID-BAY BRIDGE AUTH                                                                                                     | CUSIP: 342814DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999986.60    | 0.35%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                | TAMPA FL HOSP REVENUE                                                                                                              | CUSIP: 875161CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $354700.80    | 0.12%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                                                                                                   | CUSIP: 57582TCM2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047389.20   | 0.37%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262292.18    | 0.09%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                       | CUSIP: 04052FFD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148372.32    | 0.05%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE                                                                                   | CUSIP: 873816AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $243954.11    | 0.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                                                                                             | CUSIP: 74443DHH7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953375.30    | 0.33%             | 2047-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2410000 | OU      | $-5749.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XGM8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1306459.89   | 0.46%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | UNIV OF MASSACHUSETTS MA BLDGAUTH PROJ REVENUE                                                                                     | CUSIP: 914440QV7<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038143.20   | 0.71%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                               | QUINCY MA                                                                                                                          | CUSIP: 748508H43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029889.70   | 0.36%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896YE9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1015725.07   | 0.36%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS34364   IRS USD R F  3.65950 IS34364 CCPOIS / Short: SS34364   IRS USD P V 00MSOFR IS34375 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  13100000 | OU      | $-55310.40    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS2VUP4   IRS USD R F  4.14950 IS2VUP4 CCPOIS / Short: SS2VUP4   IRS USD P V 00MSOFR IS2VUQ5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1950000 | OU      | $47406.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                       | ORANGE CNTY FL HLTH FACS AUTH REVENUE                                                                                              | CUSIP: 68450LJL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507082.85    | 0.18%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31945   IRS USD R F  3.89800 IS31945 CCPOIS / Short: SS31945   IRS USD P V 00MSOFR IS31956 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    700000 | OU      | $6072.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 7353892S6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007357.60   | 0.35%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 70917TRU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281482.88   | 0.45%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182QV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991023.90    | 0.35%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                            | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1154878.71   | 0.40%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                                              | JEFFERSON CNTY OH PORT AUTH ECECON DEV REVENUE                                                                                     | CUSIP: 473318AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $71850.58     | 0.03%             | 2051-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                          | NEW ORLEANS LA                                                                                                                     | CUSIP: 64763FG94<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031205.80   | 0.36%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                                                                                 | CUSIP: 97671VCS2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011365.10   | 0.35%             | 2045-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE                                                                                     | CUSIP: 04052TDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949728.20    | 0.33%             | 2055-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                                     | SAVANNAH GA HOSP AUTH                                                                                                              | CUSIP: 804833FC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $469436.35    | 0.16%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                                      | CUSIP: 452252MT3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2256404.82   | 0.79%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE                                                                                    | CUSIP: 13049YDP3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520106.15    | 0.18%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                   | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                      | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030397.70   | 0.36%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2357615.03   | 0.82%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                              | CUSIP: 544495V84<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3107886.71   | 1.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                          | CENTER CITY MN HLTH CARE FACSREVENUE                                                                                               | CUSIP: 151452CQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $162248.42    | 0.06%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                           | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE                                                                                     | CUSIP: 14043FAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150982.41    | 0.05%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS34BQ0   IRS USD R V 00MSOFR IS34BR1 CCPOIS / Short: BS34BQ0   IRS USD P F  3.82400 IS34BQ0 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5700000 | OU      | $20478.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                            | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RNN7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.35%             | 2041-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389J33<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987722.70    | 0.35%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | LOUISIANA ST GAS & FUELS TAX REVENUE                                                                                               | CUSIP: 546475WN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213994.42    | 0.07%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $531847.55    | 0.19%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1568000 | OU      | $7381.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FBU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030366.90   | 0.36%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                        | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037913.00   | 0.36%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                             | CUSIP: 472682ZP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102572.79    | 0.04%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                            | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                           | CUSIP: 19645URF3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99755.36     | 0.03%             | 2044-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                                                                                         | CUSIP: 4387012C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $160966.08    | 0.06%             | 2045-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                      | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1356857.19   | 0.47%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                      | MAINE ST FIN AUTH SOL WST DISP REVENUE                                                                                             | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $584194.02    | 0.20%             | 2047-12-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                                                                                       | CUSIP: 40064RFW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $395566.90    | 0.14%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS33TV8   IRS USD R F  3.82550 IS33TV8 CCPOIS / Short: SS33TV8   IRS USD P V 00MSOFR IS33TW9 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2980000 | OU      | $16827.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                         | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                                 | CUSIP: 59335KES2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1079480.68   | 0.38%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                        | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024492.80   | 0.36%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 59333MW68<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016027.20   | 0.36%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DX84<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1187860.62   | 0.42%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                               | CUSIP: 45471CCR7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101332.25    | 0.04%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                         | HAWAII ST ARPTS SYS REVENUE                                                                                                        | CUSIP: 419794K92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027630.30   | 0.36%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    944000 | PA      | $937069.44    | 0.33%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                            | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE                                                                                   | CUSIP: 92774NBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108750.60    | 0.04%             | 2059-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                            | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052695.80   | 0.37%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $427277.72    | 0.15%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL Airport System Revenue                                  | PALM BEACH CNTY FL ARPT SYS REVENUE                                                                                                | CUSIP: 696499FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310632.87    | 0.11%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                           | OYSTER BAY NY                                                                                                                      | CUSIP: 692160VD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007545.80   | 0.35%             | 2026-03-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aledo Independent School District                                               | ALEDO TX INDEP SCH DIST                                                                                                            | CUSIP: 014464ZF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038790.50   | 0.36%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS32937   IRS USD R F  4.21200 IS32937 CCPOIS / Short: SS32937   IRS USD P V 00MSOFR IS32948 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1700000 | OU      | $48661.45     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                       | CUSIP: 928104PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $885122.40    | 0.31%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1214201.03   | 0.42%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                                                                                                    | CUSIP: 70914PZ88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004802.10   | 0.35%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH LEASE REVENUE                                                                                                    | CUSIP: 63610FBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $890196.58    | 0.31%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                              | PITTSBURGH PA WTR & SWR AUTH                                                                                                       | CUSIP: 725304TT6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004422.30   | 0.35%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                    | MONROE CNTY NY INDL DEV CORP REVENUE                                                                                               | CUSIP: 61075TXU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $135037.71    | 0.05%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 646136EW7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    100000 | PA      | $71990.03     | 0.03%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE                                                                             | CUSIP: 83703EMR3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000258.10   | 0.35%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                               | TOBACCO SETTLEMENT FING CORP NJ                                                                                                    | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $901188.34    | 0.32%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                    | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE                                                                           | CUSIP: 160853LL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    570000 | PA      | $570000.00    | 0.20%             | 2044-01-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 7352402R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $430753.60    | 0.15%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837032BR1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053795.50   | 0.37%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227VL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039522.50   | 0.36%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                       | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                   | CUSIP: 57421CGC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450000.00    | 0.16%             | 2046-06-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                                                                                 | CUSIP: 97671VCM5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     95000 | PA      | $92952.41     | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $315402.76    | 0.11%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                            | CUSIP: 592190QW5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    465000 | PA      | $489654.49    | 0.17%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675934G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523376.05    | 0.18%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Woodbury MN                                                             | WOODBURY MN CHRT SCH LEASE REVENUE                                                                                                 | CUSIP: 979134AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $462550.75    | 0.16%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board                             | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU                                                                       | CUSIP: 82170LAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94703.81     | 0.03%             | 2056-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA TAX INCR REVENUE                                                                                                  | CUSIP: 254840EC1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98239.04     | 0.03%             | 2034-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                                                                                              | CUSIP: 400653JE2<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018353.80   | 0.36%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445E70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2122523.00   | 0.74%             | 2038-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU                                                                       | CUSIP: 88283KCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106301.07    | 0.04%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                                      | UNIV OK REVENUES                                                                                                                   | CUSIP: 91476PZR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $920541.77    | 0.32%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                             | CUSIP: 472682ZK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263221.48    | 0.09%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                       | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                   | CUSIP: 574217V28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.21%             | 2041-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                                                                                        | CUSIP: 56678PAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $227839.53    | 0.08%             | 2042-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                   | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE                                                                                    | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005450.10   | 0.35%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                                                                            | CUSIP: 45203PAA2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96691.48     | 0.03%             | 2043-12-01      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                      | DELAWARE VLY PA REGL FIN AUTH                                                                                                      | CUSIP: 246579LZ7<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.17%             | 2059-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444453A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515387.75    | 0.18%             | 2045-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647LC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $369219.59    | 0.13%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financial Authority                       | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                                                                                 | CUSIP: 34073TNE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156596.73    | 0.05%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    165714 | PA      | $99428.57     | 0.03%             | 2043-11-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97710BDK5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.17%             | 2033-12-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                        | CUSIP: 64966G4P4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3725000.00   | 1.30%             | 2038-04-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                                            | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                       | CUSIP: 11023PAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $69648.21     | 0.02%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                           | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                      | CUSIP: 140427CR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935675.30    | 0.33%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                                                                                        | CUSIP: 25477GYL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042065.80   | 0.36%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                                                                                              | CUSIP: 592112XX9<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1394652.75   | 0.49%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                                                                                                     | CUSIP: 91514AJV8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066272.50   | 0.37%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                              | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275EG4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1160522.83   | 0.41%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584XU74<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501836.20    | 0.18%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | LOS ANGELES CA WSTWTR SYS REVENUE                                                                                                  | CUSIP: 53945CMD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024906.70   | 0.36%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                     | CUSIP: 13013FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $80457.29     | 0.03%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                                                                                               | CUSIP: 7178933W9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041243.40   | 0.36%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                        | LANCASTER OH PORT AUTH GAS REVENUE                                                                                                 | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044562.00   | 0.37%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                       | PHILADELPHIA PA GAS WKS REVENUE                                                                                                    | CUSIP: 71783MCP8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086075.40   | 0.38%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                                                                                             | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005656.50   | 0.35%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                    | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                               | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233526.15    | 0.08%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                      | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505XM3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121003.96    | 0.04%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE                                                                              | CUSIP: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    395000 | PA      | $394552.62    | 0.14%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                | SAINT JOHN THE BAPTIST PARISH LA REVENUE                                                                                           | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489898.30    | 0.17%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                      | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                       | CUSIP: 42934ABP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303595.14    | 0.11%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE                                                                                   | CUSIP: 13057GAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952052.00    | 0.33%             | 2055-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                        | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                                                                                           | CUSIP: 59259N8Q9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    570000 | PA      | $570000.00    | 0.20%             | 2031-11-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                              | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE                                                                                    | CUSIP: 57422JBY3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1062158.08   | 0.37%             | 2047-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31X32   IRS USD R F  4.14600 IS31X32 CCPOIS / Short: SS31X32   IRS USD P V 00MSOFR IS31X43 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1190000 | OU      | $29126.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 837151XY0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987137.70    | 0.35%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS33VZ6   IRS USD R F  3.77550 IS33VZ6 CCPOIS / Short: SS33VZ6   IRS USD P V 00MSOFR IS33W08 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   7960000 | OU      | $-7303.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                        | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $48809.17     | 0.02%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $125819.38    | 0.04%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                       | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                  | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074068.30   | 0.38%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                                                                                                 | CUSIP: 650036AH9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970588.30    | 0.34%             | 2038-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                               | NEVADA DEPT OF BUSINESS & INDUSTRY NV REVENUE                                                                                      | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $190750.76    | 0.07%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                             | GULFPORT MS HOSP FAC REVENUE                                                                                                       | CUSIP: 402682CU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $766260.78    | 0.27%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DS64<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    400000 | PA      | $403022.76    | 0.14%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001571.70   | 0.35%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                                                                                       | CUSIP: 797661WX9<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |    300000 | PA      | $299806.35    | 0.10%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31GG6   IRS USD R F  4.12500 IS31GG6 CCPOIS / Short: SS31GG6   IRS USD P V 00MSOFR IS31GH7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    390000 | OU      | $8957.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DWL9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535434.15    | 0.19%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JJU3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1122387.40   | 0.39%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI EDU REVENUE                                                                                                     | CUSIP: 74442EMQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $488321.55    | 0.17%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP                                                                                                            | CUSIP: 34062AAC5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947230.80    | 0.33%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                            | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                  | CUSIP: 73360CAQ7<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94575.72     | 0.03%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1991722.20   | 0.70%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                              | DETROIT MI                                                                                                                         | CUSIP: 2510936E5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269786.83    | 0.09%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                                                                                               | CUSIP: 207758XZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006810.30   | 0.35%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DNT2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983468.90    | 0.34%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                          | M-S-R CA ENERGY AUTH GAS REVENUE                                                                                                   | CUSIP: 55374SAH3<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1176953.90   | 0.41%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APJ0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    425000 | PA      | $303844.15    | 0.11%             | 2033-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                         | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                         | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102325.18    | 0.04%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PF59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023999.50   | 0.36%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                             | ARIZONA ST HLTH FACS AUTH                                                                                                          | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $335000.00    | 0.12%             | 2046-01-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS344E9   IRS USD R V 00MSOFR IS344F0 CCPOIS / Short: BS344E9   IRS USD P F  3.74300 IS344E9 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5700000 | OU      | $59546.73     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                          | HILLSBOROUGH CNTY FL AVIATION AUTH                                                                                                 | CUSIP: 432308W83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308862.87    | 0.11%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                                            | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                       | CUSIP: 11023PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $477742.02    | 0.17%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                      | NEW ORLEANS LA AVIATION BRD                                                                                                        | CUSIP: 64763HMS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014018.00   | 0.35%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                        | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1135373.08   | 0.40%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DWU9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1296417.63   | 0.45%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                       | CUSIP: 74528LAD3<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110664.72    | 0.04%             | 2046-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A5C7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1960884.03   | 0.69%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BEW4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002035.20   | 0.35%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048709.80   | 0.37%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Hancock County Redevelopment Authority                                          | HANCOCK CNTY IN REDEV AUTH REDEV DIST LEASE RENT                                                                                   | CUSIP: 40985AAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1251245.08   | 0.44%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                           | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                  | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94675.67     | 0.03%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                                                                              | CUSIP: 93878YAV1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    400000 | PA      | $403708.60    | 0.14%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                                                                                                  | CUSIP: 79625GDQ3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1319676.88   | 0.46%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218613.50    | 0.08%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CBH0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1304718.50   | 0.46%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                                                                                                     | CUSIP: 795576MC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2054857.60   | 0.72%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: SS31E40   IRS USD R F  4.03600 IS31E40 CCPOIS / Short: SS31E40   IRS USD P V 00MSOFR IS31E51 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1500000 | OU      | $26048.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                                                                                                   | CUSIP: 57582TCN0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2607427.50   | 0.91%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                | REGL TRANSPRTN DIST CO COPS                                                                                                        | CUSIP: 75913TLL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1631991.75   | 0.57%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                                                                                       | CUSIP: 59447T5Q2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1378369.44   | 0.48%             | 2025-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250CX0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    100000 | PA      | $70097.84     | 0.02%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                     | WASHINGTON ST HLTH CARE FACS AUTH                                                                                                  | CUSIP: 93978HZR9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919373.90    | 0.32%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                       | CUSIP: 646140FS7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2244285.04   | 0.78%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE                                                                       | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    400000 | PA      | $412517.16    | 0.14%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                           | LOUISIANA PUB FACS AUTH REVENUE                                                                                                    | CUSIP: 546399SX5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101788.43    | 0.04%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                                  | ADAMS CNTY PA GEN AUTH CLG REVENUE                                                                                                 | CUSIP: 00611PBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $655614.70    | 0.23%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DBV3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001929.00   | 0.35%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                                                                                       | CUSIP: 64985TGA3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025596.30   | 0.36%             | 2047-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                                                                                      | CUSIP: 93974EHL3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    750000 | PA      | $751165.88    | 0.26%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                         | MONTGOMERY CNTY OH HOSP REVENUE                                                                                                    | CUSIP: 613520LQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280000.00    | 0.10%             | 2045-11-15      | Floating      | 3.05%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1566000 | OU      | $8627.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994920.40    | 0.35%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                            | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RPQ8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.12%             | 2039-01-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily ML Certificates                                         | Freddie Mac Multifamily                                                                                                            | CUSIP: 3137HC2E1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     99581 | PA      | $100691.02    | 0.04%             | 2041-08-25      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| King & Snohomish Counties School District No 417 Northshore                     | KING & SNOHOMISH CNTYS WA SCHDIST #417 NORTHSHORE                                                                                  | CUSIP: 494656Z61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106635.90    | 0.04%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                             | GULFPORT MS HOSP FAC REVENUE                                                                                                       | CUSIP: 402682DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $918894.78    | 0.32%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1086134.94   | 0.38%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                        | CUSIP: 70868YAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312790.08    | 0.11%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                       | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993018.70    | 0.35%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JTQ1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025910.60   | 0.36%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   3100000 | OU      | $6860.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968677.10    | 0.34%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Green Lake Township Economic Development Corp                                   | GREEN LAKE TWP MI ECON DEV CORP                                                                                                    | CUSIP: 393096AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.24%             | 2034-06-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA INDL DEV AUTH HOSP REVENUE                                                                                                 | CUSIP: 04052EAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260000.00    | 0.09%             | 2048-02-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH REVENUE                                                                                               | CUSIP: 54811GK74<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081675.80   | 0.38%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                                                                                        | CUSIP: 574193PD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003173.60   | 0.35%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 2025 Loan Holding - 1                                                           | 2025 LOAN HOLDING - 1                                                                                                              | CUSIP: 90223AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.35%             | 2026-05-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250EW0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892434.80    | 0.31%             | 2042-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                       | CUSIP: 45204EM39<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.35%             | 2037-11-15      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026722.30   | 0.36%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 64613CEW4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1084832.52   | 0.38%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207024.02    | 0.07%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                        | CUSIP: 4521526X4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98762.67     | 0.03%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                              | WHITING IN ENVRNMNTL FACS REVENUE                                                                                                  | CUSIP: 96634RAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996946.30    | 0.35%             | 2044-06-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602RMU6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055651.70   | 0.37%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512550.45    | 0.18%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    400000 | PA      | $391988.32    | 0.14%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                                | RALEIGH DURHAM NC ARPT AUTH ARPT REVENUE                                                                                           | CUSIP: 751073JW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1226073.47   | 0.43%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                        | Long: BS305N3   IRS USD R V 00MSOFR IS305O4 CCPOIS / Short: BS305N3   IRS USD P F  3.74700 IS305N3 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    960000 | OU      | $11316.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                      | MARYLAND ST STADIUM AUTH REVENUE                                                                                                   | CUSIP: 574296BS7<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    445000 | PA      | $461107.31    | 0.16%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                | LEE CNTY FL ARPT REVENUE                                                                                                           | CUSIP: 523470HV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019014.80   | 0.36%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wolf Creek Infrastructure Financing District No 1                               | WOLF CREEK INFRASTRUCTURE FING DIST #1 UT SPL ASSMNT                                                                               | CUSIP: 977695AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196379.10    | 0.07%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                            | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1055912.45   | 0.37%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PMF5<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375364.95    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                               | DALLAS TX                                                                                                                          | CUSIP: 235219YQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106766.20   | 0.39%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528U7K1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1627955.68   | 0.57%             | 2067-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                       | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305563.44    | 0.11%             | 2042-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051666.00   | 0.37%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE                                                                                | CUSIP: 591745V35<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001564.60   | 0.35%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                          | CUSIP: 13032UYT9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2991003.30   | 1.05%             | 2054-08-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Georgetown TX Utility System Revenue                                    | GEORGETOWN TX UTILITY SYS REVENUE                                                                                                  | CUSIP: 373064X90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1576085.20   | 0.55%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532MP6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515401.80    | 0.18%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152115.12    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUB FIN AUTH WI TAX INCREMENT REVNUE                                                                                               | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98314.88     | 0.03%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516642.05    | 0.18%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                                           | CUSIP: 64972GZP2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900104.80    | 0.31%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1073893.45   | 0.38%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                       | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                                                                                    | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550899.80   | 0.54%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                                                                                        | CUSIP: 65829QBT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.35%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The             | PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE                                                                                       | CUSIP: 71885DDC3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992360.80    | 0.35%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                       | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209030.44    | 0.07%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                                                                                               | CUSIP: 717893ZM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001032.40   | 0.35%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                                                                                     | CUSIP: 40065FDZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $272462.86    | 0.10%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                        | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $449477.55    | 0.16%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                                                                                            | CUSIP: 04780MC80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1337564.63   | 0.47%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                       | MICHIGAN ST HOSP FIN AUTH                                                                                                          | CUSIP: 59465HXD3<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2560947.25   | 0.90%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller