# EDGAR Filing Document

**Accession Number:** 0000926243
**File Stem:** 0001410368-25-037763
**Filing Date:** 2025-12
**Character Count:** 164058
**Document Hash:** 641c593d87b29522ddc42cdd207aea4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-037763.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0001410368-25-037763

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMMERCE FUNDS
- **CENTRAL INDEX KEY:** 0000926243

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08598
- **FILM NUMBER:** 251573990

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 WALNUT ST
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121
- **BUSINESS PHONE:** 8006212550

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 219525
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121

## Series and Classes Contracts Data

### The National Tax-Free Intermediate Bond Fund (Series ID: S000010032)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027733 | Shares       | CFNLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** COMMERCE FUNDS

- **b. Investment Company Act file number:** 811-08598

- **c. CIK number of Registrant:** 0000926243

- **d. LEI of Registrant:** 5493008VDCPHK1O3IK55

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

  - **Street Address 1:** 1000 Walnut Street, Suite 1580

  - **City:** KANSAS CITY

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64106-1809

  - **Telephone number:** 1-800-995-6365

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

- **a. Name of Series:** The National Tax-Free Intermediate Bond Fund

- **b. EDGAR series identifier (if any):** S000010032

- **c. LEI of Series:** 54930084WLX06EKQAJ19

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $370615464.96

**Total Liabilities:** $17029656.22

**Net Assets:** $353585808.74

**Delayed Delivery Securities:** $15864074.85

**Cash Not Reported:** $19548.02

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -644.15000000 | **1-Year:** -12809.19000000 | **5-Year:** -72498.65000000 | **10-Year:** -113643.13000000 | **30-Year:** -8561.91000000

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

- **3-Month:** -3.36000000 | **1-Year:** -247.74000000 | **5-Year:** -318.26000000 | **10-Year:** -43.27000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027733 | 0.83%                | 1.64%                | 1.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-249595.26              | $2220656.81                                |
| Month 2  | $-609902.42              | $5608559.19                                |
| Month 3  | $229278.31               | $2749336.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adams & Weld Counties School District No 27J Brighton/CO                         | ADAMS & WELD CNTYS CO SCH DIST #27J BRIGHTON                 | CUSIP: 005518WY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2081483.81   | 0.59%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County Communication Center Authority                                      | ADAMS CNTY CO COMMUNICATIONS CENTER AUTH COPS                | CUSIP: 005602AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $557712.38    | 0.16%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH                                                                 | AKRON OH                                                     | CUSIP: 010033R42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545798.53    | 0.15%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH                                                                 | AKRON OH COPS                                                | CUSIP: 010047EV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $969291.55    | 0.27%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 01030RQS4<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    530000 | PA      | $533556.41    | 0.15%             | 2035-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 01030RQT2<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    545000 | PA      | $549170.50    | 0.16%             | 2035-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 01030RQU9<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    560000 | PA      | $565432.06    | 0.16%             | 2036-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 01030RQV7<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    450000 | PA      | $454414.19    | 0.13%             | 2036-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 01030RQW5<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    590000 | PA      | $595547.06    | 0.17%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 01030RQX3<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    505000 | PA      | $509502.43    | 0.14%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RLD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80104.69     | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RVE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040850.50   | 0.29%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD | CUSIP: 04052FDM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2234601.58   | 0.63%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806H37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038684.60   | 0.29%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806NT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $491836.46    | 0.14%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1320293.52   | 0.37%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091986.00   | 0.31%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398EQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900950.00   | 0.54%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398HH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1398963.63   | 0.40%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Redevelopment Authority                                                     | AVON IN REDEV AUTH LEASE RENT                                | CUSIP: 05408FAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1030888.60   | 0.29%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Avon Redevelopment Authority                                                     | AVON IN REDEV AUTH LEASE RENT                                | CUSIP: 05408FAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1072858.40   | 0.30%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Avon Redevelopment Authority                                                     | AVON IN REDEV AUTH LEASE RENT                                | CUSIP: 05408FAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1063602.44   | 0.30%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Benton AR Municipal Light & Water Works                                  | BENTON AR PUBLIC UTILITY REVENUE                             | CUSIP: 082766LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243105.53    | 0.07%             | 2027-09-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Berwick Area School District                                                     | BERWICK PA AREA SCH DIST                                     | CUSIP: 086187NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $338515.45    | 0.10%             | 2034-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Bondurant IA                                                             | BONDURANT IA                                                 | CUSIP: 098041PC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $659040.66    | 0.19%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bondurant IA                                                             | BONDURANT IA                                                 | CUSIP: 098041PD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $687569.34    | 0.19%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bondurant IA                                                             | BONDURANT IA                                                 | CUSIP: 098041PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $720290.69    | 0.20%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bondurant IA                                                             | BONDURANT IA                                                 | CUSIP: 098041PG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $458210.28    | 0.13%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boulder Valley School District No Re-2 Boulder                                   | BOULDER VLY CO SCH DIST #RE-2 BOULDER                        | CUSIP: 101547UW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3751251.00   | 1.06%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                     | BROWARD CNTY FL PORT FACS REVENUE                            | CUSIP: 11506KEB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $658060.62    | 0.19%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brownsburg 1999 School Building Corp                                             | BROWNSBURG IN 1999 SCH BLDG CORP                             | CUSIP: 116083XY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1221686.63   | 0.35%             | 2042-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brownsville TX Utilities System Revenue                                  | BROWNSVILLE TX UTILITY SYS REVENUE                           | CUSIP: 1164753K8<br>LEI: 549300ZLUVMJ8K0OEK50 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525439.35    | 0.15%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Technical School Authority                                          | BUCKS CNTY PA TECH SCH AUTH                                  | CUSIP: 118655BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $474419.31    | 0.13%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bullitt County School District Finance Corp                                      | BULLITT CNTY KY SCH DIST FIN CORP SCH BLDG REVENUE           | CUSIP: 120280D58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1967127.09   | 0.56%             | 2039-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc                                    | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $568290.20    | 0.16%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc                                    | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RCE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563459.05    | 0.16%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc                                    | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $838127.70    | 0.24%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc                                    | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $792835.54    | 0.22%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centre County Hospital Authority                                                 | CENTRE CNTY PA HOSP AUTH                                     | CUSIP: 156273GR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019665.10   | 0.29%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                          | CHATTANOOGA TN HLTH EDUCTNL & HSG FAC BRD                    | CUSIP: 162409AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558564.85    | 0.16%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                          | CHATTANOOGA TN HLTH EDUCTNL & HSG FAC BRD                    | CUSIP: 162409AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $883551.12    | 0.25%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester County School Authority                                                  | CHESTER CNTY PA SCH AUTH SCH LEASE REVENUE                   | CUSIP: 165618EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $823990.73    | 0.23%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County School Authority                                                  | CHESTER CNTY PA SCH AUTH SCH LEASE REVENUE                   | CUSIP: 165618EN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544580.60    | 0.15%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562TX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109570.10   | 0.31%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562TY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113671.20   | 0.31%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675934M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081791.20   | 0.31%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chisholm Creek Utility Authority                                                 | CHISHOLM CREEK KS UTILITY AUTH WTR & WSTWTR FACS REVENUE     | CUSIP: 170123EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110963.50   | 0.31%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taylorville Community Unit School District No 3                                  | CHRISTIAN CNTY IL CMNTY UNIT SCH DIST #3                     | CUSIP: 170628GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $1002741.26   | 0.28%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taylorville Community Unit School District No 3                                  | CHRISTIAN CNTY IL CMNTY UNIT SCH DIST #3                     | CUSIP: 170628GT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $766840.91    | 0.22%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taylorville Community Unit School District No 3                                  | CHRISTIAN CNTY IL CMNTY UNIT SCH DIST #3                     | CUSIP: 170628GU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $673767.24    | 0.19%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taylorville Community Unit School District No 3                                  | CHRISTIAN CNTY IL CMNTY UNIT SCH DIST #3                     | CUSIP: 170628GV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $862425.19    | 0.24%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taylorville Community Unit School District No 3                                  | CHRISTIAN CNTY IL CMNTY UNIT SCH DIST #3                     | CUSIP: 170628GW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $913492.31    | 0.26%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taylorville Community Unit School District No 3                                  | CHRISTIAN CNTY IL CMNTY UNIT SCH DIST #3                     | CUSIP: 170628GX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $960541.93    | 0.27%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarion County Industrial Development Authority                                  | CLARION CNTY PA INDL DEV AUTH LEASE REV                      | CUSIP: 18052JAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $583202.20    | 0.16%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarion County Industrial Development Authority                                  | CLARION CNTY PA INDL DEV AUTH LEASE REV                      | CUSIP: 18052JAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $618291.48    | 0.17%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarion County Industrial Development Authority                                  | CLARION CNTY PA INDL DEV AUTH LEASE REV                      | CUSIP: 18052JAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $652205.07    | 0.18%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarion County Industrial Development Authority                                  | CLARION CNTY PA INDL DEV AUTH LEASE REV                      | CUSIP: 18052JAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $520534.21    | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clay SD                                                                | CLAY CNTY SD                                                 | CUSIP: 183543AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092689.50   | 0.31%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145SM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1320529.51   | 0.37%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145SN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $955855.60    | 0.27%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145SP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1073190.20   | 0.30%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                      | COATESVILLE PA AREA SCH DIST                                 | CUSIP: 190684QW3<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097484.90   | 0.31%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                      | COATESVILLE PA AREA SCH DIST                                 | CUSIP: 190684QX1<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086730.70   | 0.31%             | 2041-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                         | COBB CNTY GA DEV AUTH LEASE REVENUE                          | CUSIP: 19078VAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3047380.80   | 0.86%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collin County Municipal Utility District No 2                                    | COLLIN CNTY TX MUNI UTILITY DIST #2                          | CUSIP: 19474PHK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1691293.40   | 0.48%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                   | CUSIP: 196480FR3<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.07%             | 2025-11-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648A7J8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1775854.45   | 0.50%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $338628.51    | 0.10%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $468579.51    | 0.13%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $474035.90    | 0.13%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $409508.21    | 0.12%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775C8A5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    765000 | PA      | $764520.88    | 0.22%             | 2025-11-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775C8B3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495793.00    | 0.14%             | 2026-05-15      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CCZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106741.30   | 0.31%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4217519.25   | 1.19%             | 2038-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                          | DAYTON-MONTGOMERY CNTY OH PORT AUTH DEV REVENUE              | CUSIP: 23981MAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $310703.17    | 0.09%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                      | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CM8<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    610000 | PA      | $635290.60    | 0.18%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                      | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CQ9<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    675000 | PA      | $654658.27    | 0.19%             | 2033-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182TK2<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $553121.70    | 0.16%             | 2041-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Village of Elk Grove Village IL                                                  | ELK GROVE VLG IL                                             | CUSIP: 287299LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $538928.88    | 0.15%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence County School District No 3                                             | FLORENCE CNTY SC SCH DIST #3 SPL OBLIG                       | CUSIP: 34015QAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564214.75    | 0.16%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence County School District No 3                                             | FLORENCE CNTY SC SCH DIST #3 SPL OBLIG                       | CUSIP: 34015QAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $643351.60    | 0.18%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence County School District No 3                                             | FLORENCE CNTY SC SCH DIST #3 SPL OBLIG                       | CUSIP: 34015QAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $675791.90    | 0.19%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence County School District No 3                                             | FLORENCE CNTY SC SCH DIST #3 SPL OBLIG                       | CUSIP: 34015QAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $703791.08    | 0.20%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence County School District No 3                                             | FLORENCE CNTY SC SCH DIST #3 SPL OBLIG                       | CUSIP: 34015QAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1463070.96   | 0.41%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MSX0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    535000 | PA      | $520904.89    | 0.15%             | 2027-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MSY8<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    495000 | PA      | $479578.42    | 0.14%             | 2028-01-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MSZ5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    515000 | PA      | $496796.40    | 0.14%             | 2028-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MTA9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    520000 | PA      | $499384.96    | 0.14%             | 2029-01-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| City of Forrest City AR Sales & Use Tax Revenue                                  | FORREST CITY AR SALES & USE TAX                              | CUSIP: 346461AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $672362.78    | 0.19%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | FULTON CNTY GA DEV AUTH                                      | CUSIP: 3599006Y8<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006775.20   | 0.28%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | GAINESVILLE & HALL CNTY GA HOSP AUTH                         | CUSIP: 362762PQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1705548.97   | 0.48%             | 2039-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority                                    | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550743.15    | 0.16%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority                                    | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546752.35    | 0.15%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority                                    | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538979.45    | 0.15%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Governors State University                                                       | GOVERNORS IL ST UNIV UNIV FACS SYS REVENUE                   | CUSIP: 38378RCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $813289.49    | 0.23%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Governors State University                                                       | GOVERNORS IL ST UNIV UNIV FACS SYS REVENUE                   | CUSIP: 38378RCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $856336.71    | 0.24%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Blanc Community Schools                                                    | GRAND BLANC MI CMNTY SCHS                                    | CUSIP: 385244LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495803.65    | 0.14%             | 2026-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| County of Grand CO                                                               | GRAND CNTY CO COPS                                           | CUSIP: 385301AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $557068.35    | 0.16%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Grand CO                                                               | GRAND CNTY CO COPS                                           | CUSIP: 385301AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $905066.36    | 0.26%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Grand CO                                                               | GRAND CNTY CO COPS                                           | CUSIP: 385301AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $566918.36    | 0.16%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Grand CO                                                               | GRAND CNTY CO COPS                                           | CUSIP: 385301AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $680136.45    | 0.19%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Public Schools                                                      | GRAND RAPIDS MI PUBLIC SCHS                                  | CUSIP: 386280SG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $994062.39    | 0.28%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Public Schools                                                      | GRAND RAPIDS MI PUBLIC SCHS                                  | CUSIP: 386280SH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $846385.95    | 0.24%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Public Schools                                                      | GRAND RAPIDS MI PUBLIC SCHS                                  | CUSIP: 386280SK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $859593.58    | 0.24%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Traverse County Hospital Finance Authority                                 | GRAND TRAVERSE CNTY MI HOSP FIN AUTH                         | CUSIP: 386523GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $468688.11    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Traverse County Hospital Finance Authority                                 | GRAND TRAVERSE CNTY MI HOSP FIN AUTH                         | CUSIP: 386523HK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $399899.73    | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 3922743Y0<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2017620.71   | 0.57%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE          | CUSIP: 396649EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525853.10    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE          | CUSIP: 396649EM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $626819.58    | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE          | CUSIP: 396649EN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522043.80    | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Greenville TX Electric System Revenue                                    | GREENVILLE TX ELEC UTILITY SYS REVENUE                       | CUSIP: 396706HF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038415.80   | 0.29%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Griffith Redevelopment Authority                                                 | GRIFFITH IN REDEV AUTH LEASE RENT REVENUE                    | CUSIP: 398346CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $564027.05    | 0.16%             | 2033-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Griffith Redevelopment Authority                                                 | GRIFFITH IN REDEV AUTH LEASE RENT REVENUE                    | CUSIP: 398346DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $564027.05    | 0.16%             | 2033-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                 | CUSIP: 402682CV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $334861.35    | 0.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                 | CUSIP: 402682CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $366295.70    | 0.10%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                 | CUSIP: 402682CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $420219.41    | 0.12%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                 | CUSIP: 402682CY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $556914.55    | 0.16%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Harrisburg Redevelopment Authority/TX                                            | HARRISBURG REDEV AUTH TX TAX INCREMENT CONTRACT REVENUE      | CUSIP: 414832AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $561536.20    | 0.16%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 105                                  | HARRIS CNTY TX MUNI UTILITY DIST #105                        | CUSIP: 414942VS8<br>LEI: 549300YRGJX0S2AMLW69 | Long             | DBT              | MUN               | US        |    970000 | PA      | $997844.82    | 0.28%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hazard KY                                                                | HAZARD KY HLTHCARE REVENUE                                   | CUSIP: 421381AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1815809.26   | 0.51%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hazard KY                                                                | HAZARD KY HLTHCARE REVENUE                                   | CUSIP: 421381AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $925107.86    | 0.26%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hazard KY                                                                | HAZARD KY HLTHCARE REVENUE                                   | CUSIP: 421381AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1385907.02   | 0.39%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hewitt TX                                                                | HEWITT TX                                                    | CUSIP: 428230WJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1171042.62   | 0.33%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hidalgo TX                                                             | HIDALGO CNTY TX                                              | CUSIP: 429326V24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1213906.03   | 0.34%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hobart Building Corp                                                             | HOBART IN BLDG CORP                                          | CUSIP: 433747FE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $658359.54    | 0.19%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hobart Building Corp                                                             | HOBART IN BLDG CORP                                          | CUSIP: 433747FF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $485814.60    | 0.14%             | 2037-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070072.10   | 0.30%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $975876.12    | 0.28%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1320457.80   | 0.37%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $568763.45    | 0.16%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564618.10    | 0.16%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $559916.35    | 0.16%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FTU9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    750000 | PA      | $800315.10    | 0.23%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH EDUCTNL FACS REVENUE                        | CUSIP: 45470EEC5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1570222.63   | 0.44%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH EDUCTNL FACS REVENUE                        | CUSIP: 45470EED3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1631377.41   | 0.46%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH EDUCTNL FACS REVENUE                        | CUSIP: 45470EEE1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1289678.28   | 0.36%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471ATR3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    830000 | PA      | $850479.01    | 0.24%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471ATS1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    700000 | PA      | $716051.21    | 0.20%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471ATW2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700967.12    | 0.20%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                         | CUSIP: 45471CDD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116464.10   | 0.32%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                         | CUSIP: 45471CDE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1574506.51   | 0.45%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ingham County Building Authority                                                 | INGHAM CNTY MI BLDG AUTH                                     | CUSIP: 457003KZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1356612.69   | 0.38%             | 2031-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                          | CUSIP: 462590PR5<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    825000 | PA      | $894491.32    | 0.25%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                          | CUSIP: 462590PS3<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    815000 | PA      | $881289.66    | 0.25%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                          | CUSIP: 462590PT1<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    635000 | PA      | $683010.76    | 0.19%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IPS Multi-School Building Corp                                                   | IPS MULTI-SCH BLDG CORP IN                                   | CUSIP: 46263RRL1<br>LEI: 549300BHLK1DUJUYPM91 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1876946.44   | 0.53%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IPS Multi-School Building Corp                                                   | IPS MULTI-SCH BLDG CORP IN                                   | CUSIP: 46263RSC0<br>LEI: 549300BHLK1DUJUYPM91 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1302941.16   | 0.37%             | 2040-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                               | ISLE OF WIGHT CNTY VA ECON DEV AUTH                          | CUSIP: 464637AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072643.20   | 0.30%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FVN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $775838.18    | 0.22%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FVP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $946649.85    | 0.27%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FYC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $933217.37    | 0.26%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Laredo TX                                                                | LAREDO TX                                                    | CUSIP: 516824NM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1867287.61   | 0.53%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leflore County Public Facility Authority                                         | LEFLORE CNTY OK PUBLIC FAC AUTH EDU FAC LEASE REVENUE        | CUSIP: 52464GAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1384955.15   | 0.39%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Logan KS                                                               | LOGAN CNTY KS                                                | CUSIP: 540737BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1653756.06   | 0.47%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CJ60<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    800000 | PA      | $830962.32    | 0.24%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Correctional Facilities Corp                                           | LOUISIANA ST CORRNL FACS CORP LEASE REVENUE                  | CUSIP: 546458EA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $780950.30    | 0.22%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Correctional Facilities Corp                                           | LOUISIANA ST CORRNL FACS CORP LEASE REVENUE                  | CUSIP: 546458EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $606832.32    | 0.17%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mahoning County Career & Technical Center Board of Education                     | MAHONING CNTY OH CAREER & TECH CENTER BRD EDU CTFS           | CUSIP: 56005LDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $630540.04    | 0.18%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mahoning County Career & Technical Center Board of Education                     | MAHONING CNTY OH CAREER & TECH CENTER BRD EDU CTFS           | CUSIP: 56005LDE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500305.05    | 0.14%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 56042RYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1164274.72   | 0.33%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FNV3<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    835000 | PA      | $834511.44    | 0.24%             | 2025-11-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/29 FIXED 2.15                           | Maine State Housing Authority                                | CUSIP: 56052FQJ7<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    840000 | PA      | $800702.28    | 0.23%             | 2029-11-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/30 FIXED 2.25                           | Maine State Housing Authority                                | CUSIP: 56052FQK4<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    870000 | PA      | $823621.87    | 0.23%             | 2030-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/31 FIXED 2.35                           | Maine State Housing Authority                                | CUSIP: 56052FQL2<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    905000 | PA      | $844643.92    | 0.24%             | 2031-11-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FX91<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1921650.88   | 0.54%             | 2037-11-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Martinsville Redevelopment Authority                                             | MARTINSVILLE IN REDEV AUTH LEASE RENT REVENUE                | CUSIP: 57369KAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $557152.38    | 0.16%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Martinsville Redevelopment Authority                                             | MARTINSVILLE IN REDEV AUTH LEASE RENT REVENUE                | CUSIP: 57369KAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $382602.16    | 0.11%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RUB3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    550000 | PA      | $561114.18    | 0.16%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GFK6<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    960000 | PA      | $849974.59    | 0.24%             | 2032-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GFL4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    710000 | PA      | $628096.39    | 0.18%             | 2032-12-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| McClain County Economic Development Authority                                    | MCCLAIN CNTY OK ECON DEV AUTH EDUCTNL FACS LEASE REVENUE     | CUSIP: 57947PEC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052317.00   | 0.58%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Metrocare Services                                                        | METROCARE SERVICES TX REVENUE                                | CUSIP: 59164FAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $568485.15    | 0.16%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Metrocare Services                                                        | METROCARE SERVICES TX REVENUE                                | CUSIP: 59164FAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $569878.65    | 0.16%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Metrocare Services                                                        | METROCARE SERVICES TX REVENUE                                | CUSIP: 59164FAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $591916.08    | 0.17%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Metrocare Services                                                        | METROCARE SERVICES TX REVENUE                                | CUSIP: 59164FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $653140.86    | 0.18%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TMN0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5051203.50   | 1.43%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MZ73<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    470000 | PA      | $460271.66    | 0.13%             | 2028-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MZ81<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    410000 | PA      | $400025.60    | 0.11%             | 2028-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| City of Middletown OH                                                            | MIDDLETOWN OH                                                | CUSIP: 597129DM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100076.49    | 0.03%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Middletown OH                                                            | MIDDLETOWN OH                                                | CUSIP: 597129DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115049.15    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547874.50    | 0.15%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GAY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $556398.40    | 0.16%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GAZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $663223.92    | 0.19%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GBA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $771310.89    | 0.22%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Milwaukee WI Airport Revenue                                           | MILWAUKEE CNTY WI ARPT REVENUE                               | CUSIP: 602248NF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1118255.74   | 0.32%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Milwaukee WI Airport Revenue                                           | MILWAUKEE CNTY WI ARPT REVENUE                               | CUSIP: 602248NG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $1046847.97   | 0.30%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Milwaukee WI Airport Revenue                                           | MILWAUKEE CNTY WI ARPT REVENUE                               | CUSIP: 602248NH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1140035.08   | 0.32%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Milwaukee WI Airport Revenue                                           | MILWAUKEE CNTY WI ARPT REVENUE                               | CUSIP: 602248NJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1144072.05   | 0.32%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Milwaukee WI Airport Revenue                                           | MILWAUKEE CNTY WI ARPT REVENUE                               | CUSIP: 602248NK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $788159.05    | 0.22%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Milwaukee WI Airport Revenue                                           | MILWAUKEE CNTY WI ARPT REVENUE                               | CUSIP: 602248NL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558163.65    | 0.16%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366P42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2215400.60   | 0.63%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366U95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2658521.53   | 0.75%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                | MINNESOTA ST HGR EDU FACS AUTH REVENUE                       | CUSIP: 60416HV27<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1275358.83   | 0.36%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416S3K4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    230000 | PA      | $226210.22    | 0.06%             | 2026-07-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRC4<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300810.15    | 0.09%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRD2<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401090.28    | 0.11%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRE0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501785.55    | 0.14%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRF7<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    400000 | PA      | $402199.00    | 0.11%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QZD5<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    720000 | PA      | $660764.16    | 0.19%             | 2030-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QZE3<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    690000 | PA      | $628040.83    | 0.18%             | 2030-12-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QZF0<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906104.60    | 0.26%             | 2031-06-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKL7<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    850000 | PA      | $867793.56    | 0.25%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKM5<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1875851.07   | 0.53%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKN3<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    810000 | PA      | $836593.03    | 0.24%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AGN6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001250.10   | 0.85%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GLX5<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1191434.05   | 0.34%             | 2036-05-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Mitchell School District No 17-2                                                 | MITCHELL SD SCH DIST #17-2                                   | CUSIP: 606687KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1941459.60   | 0.55%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monessen School District                                                         | MONESSEN PA SCH DIST                                         | CUSIP: 609269HU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $737439.78    | 0.21%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monessen School District                                                         | MONESSEN PA SCH DIST                                         | CUSIP: 609269HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $880718.14    | 0.25%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monessen School District                                                         | MONESSEN PA SCH DIST                                         | CUSIP: 609269HZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $917116.86    | 0.26%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery & Bond Counties Community Unit School District No 3 Hillsboro         | MONTGOMERY & BOND CNTYS IL CMNTY UNIT SCH DIST #3            | CUSIP: 613001FU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2713952.57   | 0.77%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HJR4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2693749.46   | 0.76%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Murray County Educational Facilities Authority                                   | MURRAY CNTY EDUCTNL FACS AUTH OK EDUCTNL FACS LEASE REVENUE  | CUSIP: 627035AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2721453.92   | 0.77%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080XZ9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3038555.24   | 0.86%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080YA3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094430.20   | 0.31%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201QZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $704981.46    | 0.20%             | 2031-03-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201RB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $472898.97    | 0.13%             | 2032-03-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201RC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $529996.31    | 0.15%             | 2032-09-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| County of Nez Perce ID                                                           | NEZ PERCE CNTY ID ANNUAL APPROP COPS                         | CUSIP: 65344YAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126987.10   | 0.32%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 658207UX1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    585000 | PA      | $587857.43    | 0.17%             | 2029-01-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| North Muskegon Public Schools                                                    | NORTH MUSKEGON MI PUBLIC SCHS                                | CUSIP: 661224KK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $488988.47    | 0.14%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Muskegon Public Schools                                                    | NORTH MUSKEGON MI PUBLIC SCHS                                | CUSIP: 661224KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $227052.50    | 0.06%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Muskegon Public Schools                                                    | NORTH MUSKEGON MI PUBLIC SCHS                                | CUSIP: 661224KM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $350239.87    | 0.10%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Muskegon Public Schools                                                    | NORTH MUSKEGON MI PUBLIC SCHS                                | CUSIP: 661224KN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $626617.96    | 0.18%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Higher Education Authority Inc                                       | N TEXAS HGR EDU AUTH INC EDU LOAN REVENUE                    | CUSIP: 66286UAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074181.80   | 0.30%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton Municipal Utility District                                           | NORTHAMPTON TX MUNI UTILITY DIST                             | CUSIP: 663662XT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $572657.90    | 0.16%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton Municipal Utility District                                           | NORTHAMPTON TX MUNI UTILITY DIST                             | CUSIP: 663662XU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $603733.01    | 0.17%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton Municipal Utility District                                           | NORTHAMPTON TX MUNI UTILITY DIST                             | CUSIP: 663662XV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $608036.21    | 0.17%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northampton Municipal Utility District                                           | NORTHAMPTON TX MUNI UTILITY DIST                             | CUSIP: 663662XW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $633500.81    | 0.18%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northampton Municipal Utility District                                           | NORTHAMPTON TX MUNI UTILITY DIST                             | CUSIP: 663662XX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $660453.53    | 0.19%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                        | CUSIP: 67756UBS6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $587008.50    | 0.17%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                           | OKLAHOMA ST CAPITOL IMPT AUTHST FACS REVENUE                 | CUSIP: 679088MN1<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25865.27     | 0.01%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Oswego IL                                                             | OSWEGO IL                                                    | CUSIP: 688664RB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1702035.20   | 0.48%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Ouachita Parish School District                                             | OUACHITA PARISH LA EAST OUACHITA SCH DIST                    | CUSIP: 689861SF0<br>LEI: 549300BMHC0SO61IJP44 | Long             | DBT              | MUN               | US        |    595000 | PA      | $695480.86    | 0.20%             | 2036-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| East Ouachita Parish School District                                             | OUACHITA PARISH LA EAST OUACHITA SCH DIST                    | CUSIP: 689861SH6<br>LEI: 549300BMHC0SO61IJP44 | Long             | DBT              | MUN               | US        |    600000 | PA      | $689440.26    | 0.19%             | 2038-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| East Ouachita Parish School District                                             | OUACHITA PARISH LA EAST OUACHITA SCH DIST                    | CUSIP: 689861SJ2<br>LEI: 549300BMHC0SO61IJP44 | Long             | DBT              | MUN               | US        |    600000 | PA      | $683290.02    | 0.19%             | 2039-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Special Care Facilities Financing Authority of the City of Pell City Alabama     | PELL CITY AL SPL CARE FACS FING AUTH REVENUE                 | CUSIP: 705888CB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2431635.28   | 0.69%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503593.70    | 0.14%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $534365.16    | 0.15%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $539586.71    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $558689.64    | 0.16%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $447594.83    | 0.13%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QET6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    795000 | PA      | $753237.38    | 0.21%             | 2030-10-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TCY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $463219.24    | 0.13%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092242G3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    335000 | PA      | $330273.18    | 0.09%             | 2026-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092242K4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    350000 | PA      | $334401.17    | 0.09%             | 2029-12-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| City of Pensacola FL Airport Revenue                                             | PENSACOLA FL ARPT REVENUE                                    | CUSIP: 709427EV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $847376.63    | 0.24%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Pensacola FL Airport Revenue                                             | PENSACOLA FL ARPT REVENUE                                    | CUSIP: 709427EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $734001.52    | 0.21%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Pensacola FL Airport Revenue                                             | PENSACOLA FL ARPT REVENUE                                    | CUSIP: 709427EX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $835431.15    | 0.24%             | 2038-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Pensacola FL Airport Revenue                                             | PENSACOLA FL ARPT REVENUE                                    | CUSIP: 709427EY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $829875.90    | 0.23%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Pensacola FL Airport Revenue                                             | PENSACOLA FL ARPT REVENUE                                    | CUSIP: 709427EZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1235580.64   | 0.35%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pittsburgh School District                                                       | PITTSBURGH PA SCH DIST                                       | CUSIP: 725277VA2<br>LEI: 549300DCE2NGMJO6P377 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1871069.48   | 0.53%             | 2040-09-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304XW4<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    800000 | PA      | $873672.16    | 0.25%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304XX2<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1895955.43   | 0.54%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polaris Career Center                                                            | POLARIS CAREER CTR OH COPS                                   | CUSIP: 73105VBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564739.75    | 0.16%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polaris Career Center                                                            | POLARIS CAREER CTR OH COPS                                   | CUSIP: 73105VBJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549572.25    | 0.16%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polaris Career Center                                                            | POLARIS CAREER CTR OH COPS                                   | CUSIP: 73105VBK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544933.00    | 0.15%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Freeport TX                                                                 | PORT FREEPORT TX SENIOR LIEN REVENUE                         | CUSIP: 73412PEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1784518.88   | 0.50%             | 2034-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Port Freeport TX                                                                 | PORT FREEPORT TX SENIOR LIEN REVENUE                         | CUSIP: 73412PEN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1695241.16   | 0.48%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE                   | CUSIP: 734195DT4<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2595015.56   | 0.73%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389ZZ4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522642.95   | 0.43%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT SEATTLE WA SPL FAC REVENUE                              | CUSIP: 735397CM1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    900000 | PA      | $900099.00    | 0.25%             | 2026-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564DR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215318.20    | 0.06%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564DS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330381.71    | 0.09%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Providence Public Building Authority                                             | PROVIDENCE RI PUBLIC BLDGS AUTH REVENUE                      | CUSIP: 74381MDH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1222524.38   | 0.35%             | 2040-09-15      | Fixed         | 5.25%                 | 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        |   3000000 | PA      | $3189192.00   | 0.90%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFJ8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520876.75    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFK5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049920.60   | 0.30%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFL3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    700000 | PA      | $738204.04    | 0.21%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFM1<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059959.10   | 0.30%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PGJ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1170363.99   | 0.33%             | 2029-07-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Racine Unified School District                                                   | RACINE WI UNIF SCH DIST                                      | CUSIP: 750046TG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1403017.78   | 0.40%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Racine Unified School District                                                   | RACINE WI UNIF SCH DIST                                      | CUSIP: 750046TH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $985063.68    | 0.28%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rapides Parish School District No 52 Pineville                                   | RAPIDES PARISH LA SCH DIST #52 PINEVILLE                     | CUSIP: 753585FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $755946.25    | 0.21%             | 2036-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rapides Parish School District No 52 Pineville                                   | RAPIDES PARISH LA SCH DIST #52 PINEVILLE                     | CUSIP: 753585FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $566892.40    | 0.16%             | 2037-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND HLTH & EDUCTNL BLDG CORP PUBLIC SCHS REVENUE    | CUSIP: 76219MAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1496401.70   | 0.42%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221RU84<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1847163.29   | 0.52%             | 2032-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WNE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $783636.46    | 0.22%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323DH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $804558.00    | 0.23%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323DJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539360.90    | 0.15%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323DK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $810462.68    | 0.23%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $506558.89    | 0.14%             | 2034-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $524268.46    | 0.15%             | 2035-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $542653.44    | 0.15%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $560595.95    | 0.16%             | 2037-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Clair County School District No 118 Belleville                                | SAINT CLAIR CNTY IL SCH DIST #118 BELLEVILLE                 | CUSIP: 788448JY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131355.50   | 0.32%             | 2037-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St Johns County School Board                                                     | SAINT JOHNS CNTY FL SCH BRD COPS                             | CUSIP: 790409HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1306735.80   | 0.37%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576GM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516441.70    | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sarpy County Hospital Authority No 1                                             | SARPY CNTY NE HOSP AUTH #1 HLTH FACS REVENUE                 | CUSIP: 80372PAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $28291.56     | 0.01%             | 2046-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Public School District                                             | SHELBY CNTY KY BRD OF EDU                                    | CUSIP: 821601BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2351094.66   | 0.66%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shelbyville Redevelopment Authority                                              | SHELBYVILLE IN REDEV AUTH LEASE RENTAL REVENUE               | CUSIP: 82222NBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $502060.94    | 0.14%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shikellamy School District                                                       | SHIKELLAMY PA SCH DIST                                       | CUSIP: 824512RW9<br>LEI: 549300ON6LIU6GE57M97 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1852360.04   | 0.52%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Shikellamy School District                                                       | SHIKELLAMY PA SCH DIST                                       | CUSIP: 824512RX7<br>LEI: 549300ON6LIU6GE57M97 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1504329.74   | 0.43%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254346F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563626.50    | 0.16%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254346G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558726.25    | 0.16%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254346H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $914174.42    | 0.26%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031H22<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2260966.40   | 0.64%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NMY2<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    225000 | PA      | $234642.51    | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NMZ9<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    225000 | PA      | $238522.86    | 0.07%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNA3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    400000 | PA      | $430691.48    | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNB1<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    375000 | PA      | $409507.31    | 0.12%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNC9<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    325000 | PA      | $329259.00    | 0.09%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NND7<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    325000 | PA      | $328115.32    | 0.09%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNE5<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301708.68    | 0.09%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5384462.50   | 1.52%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Overtown Park West Community Redevelopment Agency                      | S E OVERTOWN PARK W CMNTY REDEV AGY FL TAX                   | CUSIP: 841466AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $966152.76    | 0.27%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Overtown Park West Community Redevelopment Agency                      | S E OVERTOWN PARK W CMNTY REDEV AGY FL TAX                   | CUSIP: 841466AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $857538.66    | 0.24%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Overtown Park West Community Redevelopment Agency                      | S E OVERTOWN PARK W CMNTY REDEV AGY FL TAX                   | CUSIP: 841466AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $559806.35    | 0.16%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100    | STARK KNOX & MARSHALL CNTYS IL CMNTY UNIT SCH DIST #100      | CUSIP: 855354DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $872472.58    | 0.25%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund                       | State Street Institutional US Government Money Market Fund   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | EC               | RF                | US        |  14645302 | NS      | $14645301.78  | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Valley School District                                                     | STEEL VLY PA SCH DIST ALLEGHENY CNTY                         | CUSIP: 858151MP5<br>LEI: 549300BYA5FSMYFPGP34 | Long             | DBT              | MUN               | US        |    850000 | PA      | $936072.36    | 0.26%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Steel Valley School District                                                     | STEEL VLY PA SCH DIST ALLEGHENY CNTY                         | CUSIP: 858151MQ3<br>LEI: 549300BYA5FSMYFPGP34 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1861735.12   | 0.53%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Steel Valley School District                                                     | STEEL VLY PA SCH DIST ALLEGHENY CNTY                         | CUSIP: 858151MR1<br>LEI: 549300BYA5FSMYFPGP34 | Long             | DBT              | MUN               | US        |    650000 | PA      | $707912.27    | 0.20%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Steel Valley School District                                                     | STEEL VLY PA SCH DIST ALLEGHENY CNTY                         | CUSIP: 858151MS9<br>LEI: 549300BYA5FSMYFPGP34 | Long             | DBT              | MUN               | US        |    840000 | PA      | $904522.42    | 0.26%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Steel Valley School District                                                     | STEEL VLY PA SCH DIST ALLEGHENY CNTY                         | CUSIP: 858151MT7<br>LEI: 549300BYA5FSMYFPGP34 | Long             | DBT              | MUN               | US        |    885000 | PA      | $942242.95    | 0.27%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunman-Dearborn High School Building Corp                                        | SUNMAN DEARBORN IN HIGH SCH BLDG CORP                        | CUSIP: 867420DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103059.30   | 0.31%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 880461FX1<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125016.41    | 0.04%             | 2038-01-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Thornton Development Authority                                                   | THORNTON CO DEV AUTH TAX INCR                                | CUSIP: 885277FA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1615634.98   | 0.46%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Thornton Development Authority                                                   | THORNTON CO DEV AUTH TAX INCR                                | CUSIP: 885277FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1678957.53   | 0.47%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Thornton Development Authority                                                   | THORNTON CO DEV AUTH TAX INCR                                | CUSIP: 885277FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1803127.94   | 0.51%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                               | TOLEDO-LUCAS CNTY OH PORT AUTH DEV REVENUE                   | CUSIP: 889251HK3<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |    345000 | PA      | $311924.68    | 0.09%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Tomorrow River School District                                                   | TOMORROW RIVER WI SCH DIST                                   | CUSIP: 890083DR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1939656.57   | 0.55%             | 2041-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Home Finance Authority                                              | TULSA CNTY OK HOME FIN AUTH                                  | CUSIP: 899517JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1463280.66   | 0.41%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union NJ                                                               | UNION CNTY NJ                                                | CUSIP: 90634PKQ1<br>LEI: 5493007ESG9QHLUW6165 | Long             | DBT              | MUN               | US        |    600000 | PA      | $592466.70    | 0.17%             | 2027-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| University of Toledo                                                             | UNIV OF TOLEDO OH                                            | CUSIP: 915138MR9<br>LEI: 549300530V11GF5PZA78 | Long             | DBT              | MUN               | US        |    700000 | PA      | $704015.13    | 0.20%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Upper Mohawk Valley Memorial Auditorium Authority                                | UPPER MOHAWK VLY NY MEMORIAL AUDITORIUM AUTH REVENUE         | CUSIP: 916087AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $802272.08    | 0.23%             | 2032-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Upper Mohawk Valley Memorial Auditorium Authority                                | UPPER MOHAWK VLY NY MEMORIAL AUDITORIUM AUTH REVENUE         | CUSIP: 916087AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $817777.50    | 0.23%             | 2033-12-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Upper Mohawk Valley Memorial Auditorium Authority                                | UPPER MOHAWK VLY NY MEMORIAL AUDITORIUM AUTH REVENUE         | CUSIP: 916087AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $834618.86    | 0.24%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CLV4<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $403445.88    | 0.11%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CLW2<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    780000 | PA      | $795882.20    | 0.23%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CMM3<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $417214.20    | 0.12%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CMN1<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    455000 | PA      | $482544.93    | 0.14%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CMP6<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    475000 | PA      | $509170.74    | 0.14%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 10                                     | VLG CDD #10 FL SPL ASSMNT REVENUE                            | CUSIP: 92707CAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2689549.38   | 0.76%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 10                                     | VLG CDD #10 FL SPL ASSMNT REVENUE                            | CUSIP: 92707CBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1268148.97   | 0.36%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vinton-Tecumseh School Building Corp                                             | VINTON-TECUMSEH IN SCH BLDG CORP                             | CUSIP: 927557MT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519258.65    | 0.15%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vinton-Tecumseh School Building Corp                                             | VINTON-TECUMSEH IN SCH BLDG CORP                             | CUSIP: 927557MU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518677.60    | 0.15%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WMR2<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2570570.75   | 0.73%             | 2048-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                              | WARREN CNTY MS COPS                                          | CUSIP: 935019AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1164559.60   | 0.33%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                              | WARREN CNTY MS COPS                                          | CUSIP: 935019AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1151655.00   | 0.33%             | 2040-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HUV5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158801.27    | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                             | CUSIP: 93978TTD1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    290000 | PA      | $290100.69    | 0.08%             | 2030-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514SU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2404419.36   | 0.68%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514SX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2379373.33   | 0.67%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514UD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2629833.68   | 0.74%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $529240.66    | 0.15%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412173.16    | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504110.35    | 0.14%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Weslaco TX                                                               | WESLACO TX                                                   | CUSIP: 950868XK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $744639.48    | 0.21%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Weslaco TX                                                               | WESLACO TX                                                   | CUSIP: 950868XL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $731854.80    | 0.21%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Weslaco TX                                                               | WESLACO TX                                                   | CUSIP: 950868XM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $726454.67    | 0.21%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Westchester IL                                                        | WESTCHESTER IL                                               | CUSIP: 957399EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1848699.45   | 0.52%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westfield High School Building Corp                                              | WESTFIELD IN HIGH SCH 1995 BLDG CORP                         | CUSIP: 96009AEB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $753317.63    | 0.21%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Whitestown Redevelopment Authority                                               | WHITESTOWN IN REDEV AUTH LEASE RENTAL REVENUE                | CUSIP: 966100EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1628313.54   | 0.46%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Whitestown Redevelopment Authority                                               | WHITESTOWN IN REDEV AUTH LEASE RENTAL REVENUE                | CUSIP: 966100EF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1668704.08   | 0.47%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Winnebago IL                                                           | WINNEBAGO CNTY IL                                            | CUSIP: 974450M62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $958041.05    | 0.27%             | 2028-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Winnebago IL                                                           | WINNEBAGO CNTY IL                                            | CUSIP: 974450M70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1033879.39   | 0.29%             | 2029-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $731967.18    | 0.21%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $729196.02    | 0.21%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $751117.04    | 0.21%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YORK PA YOR 11/26 FIXED 5                                                        | City of York PA                                              | CUSIP: 986812SG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $645609.15    | 0.18%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Youngstown State University                                                      | YOUNGSTOWN OH ST UNIV                                        | CUSIP: 987720FM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $566800.23    | 0.16%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Youngstown State University                                                      | YOUNGSTOWN OH ST UNIV                                        | CUSIP: 987720FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $592710.82    | 0.17%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Youngstown State University                                                      | YOUNGSTOWN OH ST UNIV                                        | CUSIP: 987720FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1192311.17   | 0.34%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-14

**Name of Applicant:** COMMERCE FUNDS

**Signature:** Bill Schuetter

**Name of Signer:** Bill Schuetter

**Title:** President