# EDGAR Filing Document

**Accession Number:** 0000751656
**File Stem:** 0002071691-26-011437
**Filing Date:** 2026-5
**Character Count:** 105577
**Document Hash:** fc9cc636df56a5259f1ba88601452ee1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-011437.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0002071691-26-011437

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS MUNICIPAL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000751656

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04096
- **FILM NUMBER:** 261018863

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE MUNICIPAL BOND TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19890410

## Series and Classes Contracts Data

### MFS Georgia Municipal Bond Fund (Series ID: S000002532)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006983 | A            | MMGAX           |
| C000006984 | B            | MBGAX           |
| C000169768 | I            | MGATX           |
| C000194246 | R6           | MPGOX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Municipal Series Trust

- **b. Investment Company Act file number:** 811-04096

- **c. CIK number of Registrant:** 0000751656

- **d. LEI of Registrant:** 5493001Q9KE7H84Z5340

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Georgia Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000002532

- **c. LEI of Series:** D6T6CE9XSLIZ37D0OB07

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $127039236.08

**Total Liabilities:** $2642687.83

**Net Assets:** $124396548.25

**Delayed Delivery Securities:** $2052320.00

**Cash Not Reported:** $0.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -147.65528700 | **1-Year:** -3248.29260240 | **5-Year:** -16728.07278720 | **10-Year:** -49547.51670430 | **30-Year:** -20295.55331020

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

- **3-Month:** -46.25034220 | **1-Year:** -526.31352590 | **5-Year:** -1680.77217380 | **10-Year:** -3256.98709230 | **30-Year:** -1604.48874330

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194246 | 0.41%                | 1.58%                | -2.19%               |
| Class ID C000006983 | 0.37%                | 1.54%                | -2.18%               |
| Class ID C000006984 | 0.41%                | 1.47%                | -2.33%               |
| Class ID C000169768 | 0.40%                | 1.58%                | -2.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-256.33                 | $145582.62                                 |
| Month 2  | $-15531.36               | $1663418.90                                |
| Month 3  | $-18761.93               | $-3191413.76                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005GAS2<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016944.60   | 0.82%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                                              | Metropolitan Atlanta Rapid Transit Authority, Series 2025A                                                | CUSIP: 591746BZ4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059827.40   | 0.85%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Knightdale NC                                                                                     | Town of Knightdale, Series 2025                                                                           | CUSIP: 49906YAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $529610.13    | 0.43%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                         | Territory of Guam                                                                                         | CUSIP: 40065HDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    100000 | PA      | $100494.09    | 0.08%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FCS2<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    500000 | PA      | $448704.90    | 0.36%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cedartown Polk County Hospital Authority                                                                  | Cedartown Polk County Hospital Authority                                                                  | CUSIP: 150759AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503118.85    | 0.40%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005GAW3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    750000 | PA      | $757669.43    | 0.61%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miller County School District                                                                             | Miller County School District, Series 2026                                                                | CUSIP: 600454BL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265633.70    | 0.21%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                                                  | Development Authority of Rockdale County                                                                  | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143748.53    | 0.12%             | 2038-01-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Town of Knightdale NC                                                                                     | Town of Knightdale, Series 2025                                                                           | CUSIP: 49906YAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $634847.79    | 0.51%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                                                       | Dalton Whitfield County Joint Development Authority                                                       | CUSIP: 235641AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $219946.05    | 0.18%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    326000 | PA      | $270970.29    | 0.22%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528NAU1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |     60000 | PA      | $60043.49     | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brunswick MD                                                                                      | City of Brunswick                                                                                         | CUSIP: 117250AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      9000 | PA      | $9125.78      | 0.01%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio                                                                  | MFS Institutional Money Market Portfolio, Class A                                                         | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |   5735611 | NS      | $5735611.10   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Maryland Community Development Administration                                                             | Maryland Community Development Administration                                                             | CUSIP: 57419TT76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $192105.48    | 0.15%             | 2046-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                                                 | Private Colleges & Universities Authority                                                                 | CUSIP: 74265LG85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350119.11    | 0.28%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                                               | New York City Industrial Development Agency                                                               | CUSIP: 64972PAL8<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175113.54    | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                                                      | Port of Beaumont Navigation District                                                                      | CUSIP: 73360CAM6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    130000 | PA      | $92433.94     | 0.07%             | 2041-01-01      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                                              | County of DeKalb                                                                                          | CUSIP: 240523A75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022788.70   | 0.82%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta                                                                                           | CUSIP: 04780MF79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000907.70   | 0.80%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                                           | DeKalb County Housing Authority, Series 2023A                                                             | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006146.80   | 0.81%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water & Sewer Authority                                                                     | Walton County Water & Sewer Authority                                                                     | CUSIP: 93342PFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022681.10   | 0.82%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                                           | DeKalb County Housing Authority, Series 2024                                                              | CUSIP: 240471PH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987858.00    | 0.79%             | 2034-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                  | Massachusetts Development Finance Agency                                                                  | CUSIP: 57584YL64<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $405242.30    | 0.33%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                                         | Iowa Student Loan Liquidity Corp.                                                                         | CUSIP: 462590MS6<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4874.44      | 0.00%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |      6000 | PA      | $5391.22      | 0.00%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Georgia Municipal Association, Inc.                                                                       | Georgia Municipal Association, Inc.                                                                       | CUSIP: 373293DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $873067.00    | 0.70%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2025 C                                                        | CUSIP: 37353PRH4<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017194.00   | 0.82%             | 2045-12-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Augusta Development Authority                                                                             | Augusta Development Authority, Series 2023                                                                | CUSIP: 05115CBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $788272.50    | 0.63%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 6262074F8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129375.70    | 0.10%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                                              | County of DeKalb, Series 2025A                                                                            | CUSIP: 240523F47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $719922.70    | 0.58%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cherokee County Water & Sewer Authority/GA                                                                | Cherokee County Water & Sewer Authority                                                                   | CUSIP: 164243WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909723.90    | 0.73%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cartersville GA Water & Sewer Revenue                                                             | City of Cartersville, Series 2026                                                                         | CUSIP: 146501RW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042098.00   | 0.84%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                                                                                  | Village of Bridgeview                                                                                     | CUSIP: 108555GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $205341.71    | 0.17%             | 2036-12-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Jefferson Public Building Authority                                                                       | Jefferson Public Building Authority, Series 2025                                                          | CUSIP: 47407RMD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036997.90   | 0.83%             | 2050-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County Water Authority                                                                              | Henry County Water Authority, Series 2025                                                                 | CUSIP: 426368AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005846.30   | 0.81%             | 2044-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2024C                                                         | CUSIP: 37353PPH6<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    750000 | PA      | $729570.23    | 0.59%             | 2049-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2023 B                                                        | CUSIP: 37353PLT4<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    685000 | PA      | $704203.15    | 0.57%             | 2038-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Municipal Gas Authority of Georgia                                                                        | Municipal Gas Authority of Georgia, Series 2025                                                           | CUSIP: 373295LY8<br>LEI: DZK31GUXG7KOG1CHBL95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007489.10   | 0.81%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta GA Department of Aviation                                                                 | CUSIP: 04780MVW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017841.60   | 0.82%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brunswick MD                                                                                      | City of Brunswick                                                                                         | CUSIP: 117250AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9990.40      | 0.01%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                                                | Development Authority of Cobb County (The), Series 2025                                                   | CUSIP: 19078VFP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959550.90    | 0.77%             | 2056-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                                                               | Savannah Hospital Authority                                                                               | CUSIP: 804833FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928775.90    | 0.75%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority, Series VV                                                           | CUSIP: 74526YGW9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     10000 | PA      | $9953.70      | 0.01%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 37353PBM0<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    405000 | PA      | $364337.19    | 0.29%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                                   | Energy Southeast A Cooperative District                                                                   | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    715000 | PA      | $768914.36    | 0.62%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rome Building Authority                                                                                   | Rome Building Authority, Series 2023                                                                      | CUSIP: 776000AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059899.30   | 0.85%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     24000 | PA      | $23906.30     | 0.02%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                              | Savannah Georgia Convention Center Authority, Series 2025B                                                | CUSIP: 804828AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247123.30    | 0.20%             | 2061-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2024 A                                                        | CUSIP: 37353PMF3<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976584.70    | 0.79%             | 2049-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                                                                    | Carroll City-County Hospital Authority                                                                    | CUSIP: 144709MB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $758193.23    | 0.61%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                                             | Doylestown Hospital Authority, Series 2019A                                                               | CUSIP: 261333HE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15171.81     | 0.01%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                                              | Chicago Board of Education Dedicated Capital Improvement Tax, Series 2016                                 | CUSIP: 167510AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $440627.29    | 0.35%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                                             | Maryland Community Development Administration                                                             | CUSIP: 57419TT68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $596348.51    | 0.48%             | 2043-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                  | New Hampshire Business Finance Authority                                                                  | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    313510 | PA      | $315285.62    | 0.25%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Miller County School District                                                                             | Miller County School District, Series 2026                                                                | CUSIP: 600454BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $364553.85    | 0.29%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FGC3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    400000 | PA      | $388576.40    | 0.31%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                 | Golden State Tobacco Securitization Corp.                                                                 | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $219305.74    | 0.18%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| City of Springfield GA Water and Sewer Fund                                                               | City of Springfield, Series 2025                                                                          | CUSIP: 850501CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528125.70    | 0.42%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 3599006Z5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500584.75    | 0.40%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                               | Virginia Small Business Financing Authority                                                               | CUSIP: 928105BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $468937.48    | 0.38%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 37353PKP3<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000159.30   | 0.80%             | 2038-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                              | Savannah Georgia Convention Center Authority, Series 2025C                                                | CUSIP: 804828AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002028.60   | 0.81%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 37353PDC0<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $898280.10    | 0.72%             | 2044-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Bibb County Development Authority                                                                         | Bibb County Development Authority                                                                         | CUSIP: 08869FFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939531.00    | 0.76%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                                              | Gainesville & Hall County Hospital Authority                                                              | CUSIP: 362762LU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007623.80   | 0.81%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Little Rock School District                                                                               | Little Rock School District                                                                               | CUSIP: 5374282N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $697128.74    | 0.56%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Hart GA                                                                                         | County of Hart                                                                                            | CUSIP: 416049AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990935.00    | 0.80%             | 2052-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FBW4<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    660000 | PA      | $673599.43    | 0.54%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority                                                             | Georgia Higher Education Facilities Authority, Series 2026B                                               | CUSIP: 373511LL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $518856.87    | 0.42%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois                                                                                         | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     85000 | PA      | $88078.44     | 0.07%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                                                 | Private Colleges & Universities Authority, Series A                                                       | CUSIP: 74265LK31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $681668.63    | 0.55%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                              | Savannah Georgia Convention Center Authority, Series 2025A                                                | CUSIP: 804828AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483528.50    | 0.39%             | 2061-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Columbus GA Water & Sewerage Revenue                                                              | City of Columbus, Series 2026                                                                             | CUSIP: 199144YB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035971.20   | 0.83%             | 2051-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cartersville GA                                                                                   | City of Cartersville                                                                                      | CUSIP: 146441CV0<br>LEI: 549300BU50U4TH5CTS53 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $720577.00    | 0.58%             | 2040-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Albany-Dougherty County Hospital Authority                                                                | Albany-Dougherty County Hospital Authority                                                                | CUSIP: 012170FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035818.20   | 0.83%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                                         | Iowa Student Loan Liquidity Corp.                                                                         | CUSIP: 462590MT4<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    130000 | PA      | $101187.31    | 0.08%             | 2044-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Savannah Economic Development Authority                                                                   | Savannah Economic Development Authority, Series 2026 A                                                    | CUSIP: 80483CRJ2<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031550.20   | 0.83%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                                               | Atlanta Urban Residential Finance Authority, Series 2025 A                                                | CUSIP: 04785VBZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1113081.53   | 0.89%             | 2043-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois                                                                                         | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    180000 | PA      | $189664.38    | 0.15%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority                                                                      | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    200000 | PA      | $132750.00    | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                                              | Metropolitan Atlanta Rapid Transit Authority                                                              | CUSIP: 591746AM4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094014.00   | 0.88%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spalding County Water & Sewer Facilities Authority                                                        | Spalding County Water & Sewer Facilities Authority, Series 2025                                           | CUSIP: 846378EF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $685340.64    | 0.55%             | 2056-06-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                                                      | Fayette County Development Authority, Series 2024                                                         | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003589.20   | 0.81%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     85068 | PA      | $83813.69     | 0.07%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cartersville GA Water & Sewer Revenue                                                             | City of Cartersville, Series 2026                                                                         | CUSIP: 146501RX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038500.80   | 0.83%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority                                                                                  | CUSIP: 74446EAA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    245000 | PA      | $178850.00    | 0.14%             | 2027-08-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                                                 | Maryland Health & Higher Educational Facilities Authority, Series 2025A                                   | CUSIP: 57421CHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773477.33    | 0.62%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta, Series 2023 C                                                                            | CUSIP: 04780MQ51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499625.80    | 0.40%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                                             | City of Atlanta, Series 2024                                                                              | CUSIP: 047870TF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976064.70    | 0.78%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bibb County Development Authority                                                                         | Bibb County Development Authority                                                                         | CUSIP: 08869FFR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $559784.62    | 0.45%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Authority/GA                                                                       | Douglas County Housing Authority, Series 2025A                                                            | CUSIP: 259028AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043958.40   | 0.84%             | 2044-02-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                 | New York Transportation Development Corp., Series 2024                                                    | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502271.30    | 0.40%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                                                   | Port Authority of New York & New Jersey                                                                   | CUSIP: 73358W5U4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $851463.80    | 0.68%             | 2055-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                                                   | Georgia Ports Authority                                                                                   | CUSIP: 373586HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917733.40    | 0.74%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | CUSIP: 235586CG7<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500366.70    | 0.40%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FGE9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $879144.80    | 0.71%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2025                                                                     | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    450000 | PA      | $459216.09    | 0.37%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                                                | Chicago Board of Education                                                                                | CUSIP: 167505YC4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    370000 | PA      | $295575.50    | 0.24%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                            | Buckeye Tobacco Settlement Financing Authority                                                            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $286252.37    | 0.23%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Senoia Building & Facilities Authority                                                            | City of Senoia Building & Facilities Authority, Series 2025                                               | CUSIP: 81724FAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956765.50    | 0.77%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                    | North Carolina Medical Care Commission                                                                    | CUSIP: 65821DXK2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    720000 | PA      | $672126.55    | 0.54%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                                               | George L Smith II Congress Center Authority                                                               | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1028772.63   | 0.83%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2024 A                                                        | CUSIP: 37353PMG1<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977637.50    | 0.79%             | 2054-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Clemson University                                                                                        | Clemson University                                                                                        | CUSIP: 185630A42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $740760.70    | 0.60%             | 2048-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Cartersville GA Water & Sewer Revenue                                                             | City of Cartersville                                                                                      | CUSIP: 146501QU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498667.70    | 0.40%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    578000 | PA      | $533666.30    | 0.43%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    155000 | PA      | $156778.76    | 0.13%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lawrenceville Housing Authority                                                                           | Lawrenceville Housing Authority, Series 2024A                                                             | CUSIP: 520628AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $978037.92    | 0.79%             | 2042-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                       | Atlanta Development Authority (The)                                                                       | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $248261.09    | 0.20%             | 2048-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 745272FP4<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |     40000 | PA      | $40052.02     | 0.03%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Urban Redevelopment Agency of Dacula                                                                      | Urban Redevelopment Agency of Dacula, Series 2024                                                         | CUSIP: 23346RAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926261.00    | 0.74%             | 2050-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FCT0<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011311.70   | 0.81%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority, Series VV                                                           | CUSIP: 74526YGU3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     70000 | PA      | $70610.86     | 0.06%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia, Series 2020                                                      | CUSIP: 6262075A8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062729.70   | 0.85%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County Hospital Authority/GA                                                                   | Washington County Hospital Authority                                                                      | CUSIP: 937590DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959468.10    | 0.77%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 373539K87<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1395477.40   | 1.12%             | 2041-12-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                                                     | Columbia County Hospital Authority                                                                        | CUSIP: 197479AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067382.10   | 0.86%             | 2053-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Griffin Housing Authority                                                                                 | Griffin Housing Authority, Series 2025 A                                                                  | CUSIP: 398194AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054314.20   | 0.85%             | 2044-09-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc.                                                                             | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $788501.10    | 0.63%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville GA Water & Sewerage Revenue                                                           | City of Gainesville, Series 2024                                                                          | CUSIP: 363010ZJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423879.16    | 0.34%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                      | District of Columbia                                                                                      | CUSIP: 25483VUW2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    250000 | PA      | $213084.03    | 0.17%             | 2049-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                          | Kentucky Public Energy Authority, Series 2025B                                                            | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    520000 | PA      | $524786.29    | 0.42%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moultrie-Colquitt Counties Development Authority GA                                                       | Moultrie-Colquitt Counties Development Authority                                                          | CUSIP: 620272BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $878188.44    | 0.71%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    316000 | PA      | $242802.99    | 0.20%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority                                                             | Georgia Higher Education Facilities Authority, Series 2026B                                               | CUSIP: 373511LM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $525264.89    | 0.42%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macon Water Authority                                                                                     | Macon Water Authority, Series 2024                                                                        | CUSIP: 555758KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024473.30   | 0.82%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     35711 | PA      | $34479.89     | 0.03%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 62620HGP1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022887.80   | 0.82%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 62620HGQ9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010818.10   | 0.81%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commerce School District                                                                                  | Commerce School District, Series 2025                                                                     | CUSIP: 200635BJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563621.95    | 0.45%             | 2047-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                               | Virginia Small Business Financing Authority                                                               | CUSIP: 928104NZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $300966.68    | 0.24%             | 2041-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Development Authority                                                           | Gainesville & Hall County Development Authority                                                           | CUSIP: 362763AQ7<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504355.65    | 0.41%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    145000 | PA      | $50805.87     | 0.04%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     48553 | PA      | $44931.86     | 0.04%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                                                 | Private Colleges & Universities Authority, Series 2025 A                                                  | CUSIP: 74265L3N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $814601.70    | 0.65%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    196000 | PA      | $193159.57    | 0.16%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    125000 | PA      | $125076.94    | 0.10%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                                                       | Dalton Whitfield County Joint Development Authority, Series 2024 B                                        | CUSIP: 235641BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $893044.00    | 0.72%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rome Building Authority                                                                                   | Rome Building Authority, Series 2023                                                                      | CUSIP: 776000AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066619.50   | 0.86%             | 2043-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                                           | Allegheny County Hospital Development Authority                                                           | CUSIP: 01728A3Z7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    210000 | PA      | $190356.33    | 0.15%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dahlonega Downtown Development Authority                                                                  | Dahlonega Downtown Development Authority                                                                  | CUSIP: 23378RFM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015536.90   | 0.82%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                                                   | Georgia Ports Authority                                                                                   | CUSIP: 373586HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941472.70    | 0.76%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    627000 | PA      | $596055.73    | 0.48%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc., Series 2025 A                                                              | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534711.10    | 0.43%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                                                     | Columbia County Hospital Authority                                                                        | CUSIP: 197479AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027857.90   | 0.83%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                       | Atlanta Development Authority (The), Series 2024A-1                                                       | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508622.20    | 0.41%             | 2034-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                                                 | Private Colleges & Universities Authority                                                                 | CUSIP: 74265L2K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025410.00   | 0.82%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                                              | Chicago Board of Education Dedicated Capital Improvement Tax                                              | CUSIP: 167510BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $193553.53    | 0.16%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Americus-Sumter Payroll Development Authority                                                             | Americus-Sumter Payroll Development Authority                                                             | CUSIP: 03069XCN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496621.40    | 0.40%             | 2035-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rockdale County Public Facilities Authority                                                               | Rockdale County Public Facilities Authority, Series 2024                                                  | CUSIP: 77302EAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017394.60   | 0.82%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                         | Territory of Guam                                                                                         | CUSIP: 40065HDU1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |     35000 | PA      | $35203.16     | 0.03%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                         | Territory of Guam                                                                                         | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |     90000 | PA      | $85628.45     | 0.07%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield GA Water and Sewer Fund                                                               | City of Springfield, Series 2025                                                                          | CUSIP: 850501CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039599.90   | 0.84%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton County Residential Care Facilities for the Elderly Authority                                       | Fulton County Residential Care Facilities for the Elderly Authority                                       | CUSIP: 360059AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500109.45    | 0.40%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                                               | Glynn-Brunswick Memorial Hospital Authority                                                               | CUSIP: 380037FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400377.96    | 0.32%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                                                                    | Coweta County Water & Sewage Authority, Series 2024                                                       | CUSIP: 223663MP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027135.20   | 0.83%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County, Series 2026                                                      | CUSIP: 36005FPD1<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034396.60   | 0.83%             | 2051-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 626207Z23<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    750000 | PA      | $769388.55    | 0.62%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                                                           | Cobb-Marietta Coliseum & Exhibit Hall Authority, Series 2025                                              | CUSIP: 190760JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076619.50   | 0.87%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                                                     | Toll Road Investors Partnership II LP                                                                     | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    186577 | PA      | $64135.92     | 0.05%             | 2043-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc., Series 2025B                                                               | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049789.50   | 0.84%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority, Series RR                                                           | CUSIP: 74526QDH2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    490000 | PA      | $490076.69    | 0.39%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     59571 | PA      | $43232.62     | 0.03%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                                                | Development Authority of Cobb County (The)                                                                | CUSIP: 190778JU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $390180.10    | 0.31%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond County Hospital Authority                                                                        | Richmond County Hospital Authority                                                                        | CUSIP: 764603BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000225.80   | 0.80%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Classic Center Authority for Clarke County                                                                | Classic Center Authority for Clarke County, Series 2023A                                                  | CUSIP: 18274ABU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025706.40   | 0.82%             | 2043-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta, Series 2024B                                                                             | CUSIP: 04780MX87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040287.10   | 0.84%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Gwinnett County                                                                  | Development Authority of Gwinnett County                                                                  | CUSIP: 403720FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013229.40   | 0.81%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                                                       | DeKalb County Development Authority, Series 2024A                                                         | CUSIP: 240463KD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457178.55    | 0.37%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                                               | Atlanta Urban Residential Finance Authority, Series 2024A                                                 | CUSIP: 04785WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038786.40   | 0.84%             | 2043-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                                              | Metropolitan Atlanta Rapid Transit Authority                                                              | CUSIP: 5917457Q1<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $854853.00    | 0.69%             | 2040-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                                              | Chicago Board of Education Dedicated Capital Improvement Tax                                              | CUSIP: 167510BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70840.16     | 0.06%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 62620HEM0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913984.00    | 0.73%             | 2063-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                                        | New York State Dormitory Authority                                                                        | CUSIP: 65000BNG9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $441635.25    | 0.36%             | 2052-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Savannah Housing Authority                                                                                | Savannah Housing Authority, Series BDS 2025A                                                              | CUSIP: 80483HAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $508940.49    | 0.41%             | 2042-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                                                            | Minnesota Municipal Gas Agency, Series 2026A                                                              | CUSIP: 60406XAJ0<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |    820000 | PA      | $844870.44    | 0.68%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority                                                                      | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21531.86     | 0.02%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     83000 | PA      | $81797.16     | 0.07%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                                        | Matching Fund Special Purpose Securitization Corp.                                                        | CUSIP: 57665NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |     45000 | PA      | $45233.10     | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia, Series 2024                                                      | CUSIP: 62620HJZ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028941.60   | 0.83%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     82000 | PA      | $76357.45     | 0.06%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Griffin GA Public Utility Revenue                                                                 | City of Griffin, Series 2025                                                                              | CUSIP: 398192ET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029280.10   | 0.83%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | CUSIP: 235586CF9<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500848.85    | 0.40%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Hotel Development Financing Corp.                                                          | Virgin Islands Hotel Development Financing Corp., Series 2025A-1                                          | CUSIP: 92766AAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    325000 | PA      | $315805.56    | 0.25%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     46290 | PA      | $46205.19     | 0.04%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miller County School District                                                                             | Miller County School District, Series 2026                                                                | CUSIP: 600454BM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263570.13    | 0.21%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                                                       | Dalton Whitfield County Joint Development Authority, Series 2024 B                                        | CUSIP: 235641BF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $470101.68    | 0.38%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                                           | DeKalb County Housing Authority, Series 2024                                                              | CUSIP: 240471PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988348.30    | 0.79%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roswell GA                                                                                        | City of Roswell                                                                                           | CUSIP: 778535GM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $475467.05    | 0.38%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    585000 | PA      | $618816.39    | 0.50%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    171495 | PA      | $147171.54    | 0.12%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                                                        | New York Liberty Development Corp.                                                                        | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280007.67    | 0.23%             | 2044-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Upper Oconee Basin Water Authority                                                                        | Upper Oconee Basin Water Authority, Series 2024                                                           | CUSIP: 916281DH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038109.40   | 0.83%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                                               | George L Smith II Congress Center Authority, Series 2021B                                                 | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $920763.50    | 0.74%             | 2054-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    178303 | PA      | $119462.74    | 0.10%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    150816 | PA      | $164655.21    | 0.13%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** MFS Municipal Series Trust

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer