# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002071691-26-012338
**Filing Date:** 2026-5
**Character Count:** 479379
**Document Hash:** d96f055920a3ff4fce7ac219620cde7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-012338.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002071691-26-012338

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN FUNDS
- **CENTRAL INDEX KEY:** 0000916620

**ORGANIZATION NAME:**
- **EIN:** 391777365
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08236
- **FILM NUMBER:** 261029159

**BUSINESS ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 800-595-9111

**MAIL ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### Northern Trust Short-Term Tax-Exempt Bond ETF (Series ID: S000093501)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000261789 | Northern Trust Short-Term Tax-Exempt Bond ETF | TAXS            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Funds

- **b. Investment Company Act file number:** 811-08236

- **c. CIK number of Registrant:** 0000916620

- **d. LEI of Registrant:** 5493004ZY1PEJR3C0A81

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

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 800-595-9111

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

- **a. Name of Series:** Northern Trust Short-Term Tax-Exempt Bond ETF

- **b. EDGAR series identifier (if any):** S000093501

- **c. LEI of Series:** 254900T3TGI3PM8D9Z41

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

- **a. Date of fiscal year-end:** 2026-12-31

- **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:** $84342049.20

**Total Liabilities:** $8150.12

**Net Assets:** $84333899.08

**Cash Not Reported:** $49042.61

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 343.00000000 | **1-Year:** 4811.00000000 | **5-Year:** 10220.00000000 | **10-Year:** 147.00000000 | **30-Year:** 1389.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261789 | 0.60%                | 0.43%                | -0.68%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $107.42                  | $273570.47                                 |
| Month 2  | $0.00                    | $174571.87                                 |
| Month 3  | $2639.55                 | $-744065.24                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| County of Baltimore MD                                                     | County of Baltimore, Series 2019                                                        | CUSIP: 05914FZ60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10461.69     | 0.01%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                    | County of Montgomery, Series 2020B                                                      | CUSIP: 61334PCR2<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90877.39     | 0.11%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | Austin Independent School District, Series 2022B                                        | CUSIP: 052430UR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $137215.51    | 0.16%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                  | University of Connecticut, Series 2023A                                                 | CUSIP: 9142334P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16388.01     | 0.02%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | Las Vegas Valley Water District, Series 2021C                                           | CUSIP: 517845MF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92856.91     | 0.11%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                       | School District of Broward County, Series 2016A                                         | CUSIP: 115065YY4<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60359.08     | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                            | City of Houston, Series 2020C                                                           | CUSIP: 44244CZU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65585.93     | 0.08%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                          | City of Dallas, Series 2024A                                                            | CUSIP: 235219WC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85205.48     | 0.10%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | State of Georgia, Series 2016C                                                          | CUSIP: 3733843N4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60383.83     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                             | Sales Tax Securitization Corp., Series 2017A                                            | CUSIP: 79467BAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31019.21     | 0.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2019A                                                      | CUSIP: 25477GNX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92088.72     | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                | Kentucky Turnpike Authority, Series 2022A                                               | CUSIP: 491552R72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59950.85     | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | State of Maryland, Series A2                                                            | CUSIP: 574193RR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $206046.07    | 0.24%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | Metropolitan Government of Nashville & Davidson County, Series 2018                     | CUSIP: 592112TC0<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115723.45    | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2019-1                                             | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75534.93     | 0.09%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | State of West Virginia, Series 2019A                                                    | CUSIP: 956553F55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $165913.40    | 0.20%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | County of King, Series 2018B                                                            | CUSIP: 495290AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $147575.71    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2018A                                                   | CUSIP: 6582563Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10512.54     | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2020A                                                        | CUSIP: 60412ATF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $221988.90    | 0.26%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2019A                                                      | CUSIP: 20772KFX2<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64249.67     | 0.08%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                    | City of Phoenix Civic Improvement Corp., Series 2023                                    | CUSIP: 71883PLW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15815.06     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2019A                                                         | CUSIP: 4521525F4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50632.87     | 0.06%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gregory-Portland Independent School District/TX                            | Gregory-Portland Independent School District, Series 2025                               | CUSIP: 397586TE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91886.63     | 0.11%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | Illinois State Toll Highway Authority, Series 2018A                                     | CUSIP: 452252NC9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    155000 | PA      | $157914.74    | 0.19%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | State of Florida, Series 2021A                                                          | CUSIP: 34115PAE5<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75472.20     | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Authority                                                  | Alabama State Highway Authority, Series 2025                                            | CUSIP: 010559AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219160.26    | 0.26%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma (The)                                               | University of Oklahoma (The), Series 2025A                                              | CUSIP: 91476PE20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21064.26     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                     | County of Baltimore, Series 2024A                                                       | CUSIP: 05914GJV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87642.19     | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2025B                                                | CUSIP: 45204FD51<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10531.68     | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler County Unified School District No. 385 Andover                      | Butler County Unified School District No. 385, Series 2017                              | CUSIP: 12343ECQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25420.17     | 0.03%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | County of Wake, Series 2021                                                             | CUSIP: 930876FA0<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41862.09     | 0.05%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2024D                                      | CUSIP: 1675936L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26950.61     | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | Metropolitan Government of Nashville & Davidson County, Series 2017                     | CUSIP: 592112SJ6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105595.72    | 0.13%             | 2026-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                              | Alabama Federal Aid Highway Finance Authority, Series 2025B                             | CUSIP: 010268DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106099.77    | 0.13%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus GA                                                        | City of Columbus, Series 2022                                                           | CUSIP: 199108GP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10658.96     | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 1J Portland                           | Multnomah County School District No. 1J, Series 2020                                    | CUSIP: 625517KX4<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |     70000 | PA      | $75197.12     | 0.09%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collin County Community College District                                   | Collin County Community College District, Series 2018                                   | CUSIP: 194741GR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86218.27     | 0.10%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2018B                                                      | CUSIP: 25476FWU8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    140000 | PA      | $146806.60    | 0.17%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                    | Permanent University Fund - University of Texas System, Series 2023                     | CUSIP: 8821177L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65456.33     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                   | County of Mecklenburg, Series 2022                                                      | CUSIP: 584002YP8<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82388.51     | 0.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                            | California Community Choice Financing Authority, Series 2026D                           | CUSIP: 13013JHN9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     35000 | PA      | $37079.30     | 0.04%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                              | Main Street Natural Gas, Inc., Series 2023B                                             | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131067.30    | 0.16%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | City & County of Honolulu, Series 2020B                                                 | CUSIP: 438687MC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21361.51     | 0.03%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                               | Metropolitan Atlanta Rapid Transit Authority, Series 2015C                              | CUSIP: 591745X66<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155931.21    | 0.18%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2025A                                                             | CUSIP: 677524ET3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    125000 | PA      | $136924.18    | 0.16%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                               | State of Oregon, Series B                                                               | CUSIP: 68607DTB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55857.54     | 0.07%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wise County Industrial Development Authority                               | Wise County Industrial Development Authority, Series 2009A                              | CUSIP: 977228AG0<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    140000 | PA      | $139083.32    | 0.16%             | 2040-10-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | California State Public Works Board, Series D                                           | CUSIP: 13068LN43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10347.37     | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue      | State of Florida, Series 2019A                                                          | CUSIP: 343137EP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31615.90     | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2019A                                                        | CUSIP: 546417CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117517.08    | 0.14%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2024B                                              | CUSIP: 1810594N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30866.87     | 0.04%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                               | State of Kansas, Series 2024A                                                           | CUSIP: 485424SW6<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27395.03     | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                              | Main Street Natural Gas, Inc., Series 2022A                                             | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121179.65    | 0.14%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Rosemount-Apple Valley-Eagan Independent School District No. 196           | Rosemount-Apple Valley-Eagan Independent School District No. 196, Series 2023A          | CUSIP: 777594ZK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11016.36     | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2023B                                                     | CUSIP: 93974EE28<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71102.40     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | California State Public Works Board, Series 2023C                                       | CUSIP: 13068XHC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21166.18     | 0.03%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                     | Oklahoma Capitol Improvement Authority, Series 2024A                                    | CUSIP: 679088MV3<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60020.11     | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                                             | Delaware River & Bay Authority, Series 2019                                             | CUSIP: 246317GK1<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79643.20     | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                      | County of Harris, Series 2022A                                                          | CUSIP: 41423PCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136226.92    | 0.16%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2017-1                                                       | CUSIP: 97705MGS8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71813.60     | 0.09%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                 | Intermountain Power Agency, Series 2023A                                                | CUSIP: 45884AE25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105141.78    | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series 2018A                                                       | CUSIP: 93974DN53<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85708.50     | 0.10%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2025B                                                         | CUSIP: 452153NQ8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10772.50     | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | State of Oregon, Series 2024A                                                           | CUSIP: 68609UKJ3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128419.19    | 0.15%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2022B                                                        | CUSIP: 60412AYV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $183211.96    | 0.22%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | Wisconsin Department of Transportation, Series 2017-1                                   | CUSIP: 977123Q68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $149275.77    | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | State of West Virginia, Series 2018A                                                    | CUSIP: 956553ZD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42024.18     | 0.05%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                     | Lewisville Independent School District, Series 2020                                     | CUSIP: 52882PEG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96276.53     | 0.11%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                      | University of Houston, Series 2022A                                                     | CUSIP: 914302JY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64927.23     | 0.08%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                         | Anaheim Public Financing Authority, Series 2019A                                        | CUSIP: 03255LHJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48695.22     | 0.06%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                         | Metropolitan Water District of Southern California, Series 2022B                        | CUSIP: 59266TUX7<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25038.93     | 0.03%             | 2026-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                     | County of Baltimore, Series 2019                                                        | CUSIP: 05914FZ86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122559.10    | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                     | Permanent University Fund - University of Texas System, Series 2006B                    | CUSIP: 915115X87<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    175000 | PA      | $176218.28    | 0.21%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Intermediate Tax-Free Fund                                        | City of Houston, Series 2017B                                                           | CUSIP: 44244CNG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25918.41     | 0.03%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                   | Metropolitan Pier & Exposition Authority, Series 2024B                                  | CUSIP: 592250FJ8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20135.29     | 0.02%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | Austin Independent School District, Series 2020                                         | CUSIP: 052430RR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64567.43     | 0.08%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | State of Wisconsin, Series 2017-2                                                       | CUSIP: 977123U48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $215945.12    | 0.26%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2023A                                            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159090.47    | 0.19%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Buildings Commission, Series B                                | CUSIP: 49151FNK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81110.05     | 0.10%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho State Building Authority                                             | Idaho State Building Authority, Series 2024A                                            | CUSIP: 451446AD0<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52612.62     | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                        | County of Harris, Series 2022A                                                          | CUSIP: 414005N20<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100935.05    | 0.12%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                       | County of Miami-Dade, Series 2024B                                                      | CUSIP: 59334DPB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21908.76     | 0.03%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                        | State of New Jersey, Series 2020A                                                       | CUSIP: 646039YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $198756.69    | 0.24%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | State of California, Series 2020                                                        | CUSIP: 13063EKZ8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21116.38     | 0.03%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2025B                                              | CUSIP: 1810596N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128611.98    | 0.15%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                | Alabama Public School and College Authority, Series 2020A                               | CUSIP: 010609FF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62259.04     | 0.07%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                        | State of Illinois, Series 2021C                                                         | CUSIP: 452227SE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64995.49     | 0.08%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                           | Port Authority of Houston of Harris County Texas, Series 2020A2                         | CUSIP: 7342606G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16099.94     | 0.02%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | Triborough Bridge & Tunnel Authority, Series 2023A                                      | CUSIP: 89602RJE6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11033.95     | 0.01%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                      | County of Harris, Series 2018A                                                          | CUSIP: 41423PAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $114718.04    | 0.14%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series 2017D                                                       | CUSIP: 93974DE95<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30595.60     | 0.04%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | Ohio Water Development Authority, Series 2019                                           | CUSIP: 67765QGT7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    245000 | PA      | $264153.51    | 0.31%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2021A                                                             | CUSIP: 6775227G3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16117.02     | 0.02%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                     | State of Georgia, Series 2020                                                           | CUSIP: 37358MEJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $159519.66    | 0.19%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                         | City of Houston, Series 2025                                                            | CUSIP: 442332FH0<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69100.79     | 0.08%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                              | State of Utah, Series 2020                                                              | CUSIP: 917542WP3<br>LEI: 254900RWV9NSVUZONC07 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159821.96    | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | City of Atlanta, Series 2004                                                            | CUSIP: 047870EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105143.09    | 0.12%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Winston-Salem NC Water & Sewer System Revenue                      | City of Winston-Salem, Series 2020A                                                     | CUSIP: 975700PF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10940.88     | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2018F                                                      | CUSIP: 20772KEP0<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10593.50     | 0.01%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | State of Delaware, Series 2019                                                          | CUSIP: 246381NJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25864.03     | 0.03%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | New York State Dormitory Authority, Series 2023A                                        | CUSIP: 65000BYM4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16553.27     | 0.02%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2020-1                                                       | CUSIP: 97705MPV1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     75000 | PA      | $80427.53     | 0.10%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                | Rhode Island Commerce Corp., Series 2020A                                               | CUSIP: 762232BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83775.58     | 0.10%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2018D                                                     | CUSIP: 93974DY44<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50416.77     | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                             | Florida Municipal Power Agency, Series 2016A                                            | CUSIP: 342816J30<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202275.00    | 0.24%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2021-1                                                         | CUSIP: 64966QVY3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10481.06     | 0.01%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                             | Nebraska Public Power District, Series 2023A                                            | CUSIP: 63968A7W9<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20820.73     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chattanooga TN Electric Revenue                                    | City of Chattanooga, Series 2025                                                        | CUSIP: 162393GU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27386.30     | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                | Rhode Island Commerce Corp., Series 2016B                                               | CUSIP: 762232AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80350.58     | 0.10%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2023B                                                  | CUSIP: 1966325F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16516.57     | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | Illinois State Toll Highway Authority, Series 2019B                                     | CUSIP: 452252NT2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152820.72    | 0.18%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                   | University of Washington, Series 2024A                                                  | CUSIP: 91523NYA8<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115225.80    | 0.14%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | State of Maryland, Series 2017A                                                         | CUSIP: 574193PP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10327.54     | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                       | School Board of Broward County, Series 2020A                                            | CUSIP: 115065C28<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16237.43     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Registration Fee Revenue                  | Pennsylvania Turnpike Commission, Series 2005A                                          | CUSIP: 709222EM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $111179.49    | 0.13%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2018A                                                         | CUSIP: 452152X30<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77890.22     | 0.09%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                           | St. John Baptist Parish, Series 2017C                                                   | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    100000 | PA      | $100845.76    | 0.12%             | 2037-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                      | Fort Bend Independent School District, Series 2018                                      | CUSIP: 346843NB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61806.65     | 0.07%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                      | City of Chicago, Series 2017-2                                                          | CUSIP: 167736P27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51616.53     | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                | Kentucky Turnpike Authority, Series B                                                   | CUSIP: 491552R23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51488.48     | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2024D1                             | CUSIP: 64972JCY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43855.85     | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                           | State of New Mexico, Series 2022B                                                       | CUSIP: 6473104N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $155472.65    | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | State of West Virginia, Series 2018B                                                    | CUSIP: 956553A35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47207.25     | 0.06%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No. Re-1 Douglas & Elbert Counties          | Douglas County School District No. Re1, Series 2019                                     | CUSIP: 258885N57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20835.83     | 0.02%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | Triborough Bridge & Tunnel Authority, Series 2002F                                      | CUSIP: 89602RHE8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55137.09     | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County Water & Sewerage Authority                                 | Gwinnett County Water & Sewerage Authority, Series 2019                                 | CUSIP: 403760KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51659.67     | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2018A                                             | CUSIP: 882854G97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104728.29    | 0.12%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                    | County of Miami-Dade, Series 2016A                                                      | CUSIP: 59333FSM3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45243.65     | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                 | Great Lakes Water Authority, Series 2018B                                               | CUSIP: 39081HBZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10721.61     | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Alexandria VA                                                      | City of Alexandria, Series 2023                                                         | CUSIP: 015303DK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75976.43     | 0.09%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue   | City of Indianapolis, Series 2018A                                                      | CUSIP: 455412BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52696.45     | 0.06%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Tourism Oversight District                                 | Central Florida Tourism Oversight District, Series 2017A                                | CUSIP: 758449RJ3<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66585.84     | 0.08%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                             | Lower Colorado River Authority, Series 2023                                             | CUSIP: 54811BZZ7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90599.39     | 0.11%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                 | Orange County School Board, Series 2016C                                                | CUSIP: 684517RX5<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216775.47    | 0.26%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                    | City of Philadelphia, Series 2021A                                                      | CUSIP: 717813YR4<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     90000 | PA      | $97780.80     | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                        | County of Harris, Series 2007C                                                          | CUSIP: 4140043Z2<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    185000 | PA      | $204040.26    | 0.24%             | 2030-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                               | Metropolitan Atlanta Rapid Transit Authority, Series 2015C                              | CUSIP: 591745X82<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95562.50     | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                               | State of Oregon, Series A                                                               | CUSIP: 68607DSW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71091.41     | 0.08%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | State of California, Series 2019                                                        | CUSIP: 13063DPG7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10507.07     | 0.01%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                       | State of Michigan, Series 2020B                                                         | CUSIP: 594695Z27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75762.61     | 0.09%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2020B                                                      | CUSIP: 25477GSE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116429.19    | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                         | State of Tennessee, Series 2021A                                                        | CUSIP: 880541C70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126865.89    | 0.15%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collin County Community College District                                   | Collin County Community College District, Series 2020A                                  | CUSIP: 194741HF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186639.08    | 0.22%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                   | State of Connecticut, Series 2021D                                                      | CUSIP: 207758G31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27451.73     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | Austin Independent School District, Series 2020                                         | CUSIP: 052430RS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109361.03    | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | Board of Regents of the University of Texas System, Series 2016H                        | CUSIP: 91514AFK6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55505.83     | 0.07%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2019-1                                                            | CUSIP: 677581HJ2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38549.60     | 0.05%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                            | California Community Choice Financing Authority, Series 2023F                           | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    135000 | PA      | $146819.57    | 0.17%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | Metropolitan Government of Nashville & Davidson County, Series 2024A                    | CUSIP: 592112XF8<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26065.70     | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                         | City of Chicago, Series 2020A                                                           | CUSIP: 167486F87<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35339.27     | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                              | State of Iowa, Series 2019A                                                             | CUSIP: 46257TER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91132.93     | 0.11%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2026F1                             | CUSIP: 64972JB23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31946.65     | 0.04%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2018C                                                          | CUSIP: 64966MSY6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72799.34     | 0.09%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                  | North East Independent School District, Series 2007                                     | CUSIP: 6591542Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78680.10     | 0.09%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2019A                                                      | CUSIP: 25477GPA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59132.90     | 0.07%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | Austin Independent School District, Series B                                            | CUSIP: 052430MK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75627.67     | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2021A                                       | CUSIP: 92778VKU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54224.44     | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2019                                              | CUSIP: 882854U26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75344.92     | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cabarrus NC                                                      | County of Cabarrus, Series 2024A                                                        | CUSIP: 12677RDW4<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68622.90     | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                                | Ohio State University (The), Series 2021A                                               | CUSIP: 677632L82<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27431.12     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                             | Indiana Municipal Power Agency, Series 2017A                                            | CUSIP: 454898VH7<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57089.97     | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri (The)                               | Curators of the University of Missouri (The), Series 2024                               | CUSIP: 231266MU8<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16187.59     | 0.02%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                  | Private Colleges & Universities Authority, Series 2019A                                 | CUSIP: 74265LR59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112772.69    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | County of Wake, Series 2023A                                                            | CUSIP: 930864GH0<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21852.02     | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2024D                                                        | CUSIP: 60412AS61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10332.07     | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                        | County of Howard, Series 2017D                                                          | CUSIP: 44256PKN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15693.86     | 0.02%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                             | Sales Tax Securitization Corp., Series 2021A                                            | CUSIP: 79467BEC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81371.64     | 0.10%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                            | City of Gainesville, Series 2017A                                                       | CUSIP: 362848UB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56860.58     | 0.07%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2024E                                                        | CUSIP: 546417KF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64683.70     | 0.08%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2021-1                                                | CUSIP: 45505MJJ6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    110000 | PA      | $116260.51    | 0.14%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | Ohio Water Development Authority, Series 2019A                                          | CUSIP: 677660UZ3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    265000 | PA      | $283034.31    | 0.34%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 401 Highline                               | King County School District No. 401 Highline, Series 2017                               | CUSIP: 495033EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50848.91     | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                         | Aldine Independent School District, Series 2017A                                        | CUSIP: 014393XC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66430.68     | 0.08%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2024A                                       | CUSIP: 92778VNX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10660.18     | 0.01%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue            | Arizona Transportation Board Highway, Series 2023                                       | CUSIP: 040654YK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118264.78    | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2017-2                                         | CUSIP: 709224ZQ5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    155000 | PA      | $160811.17    | 0.19%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boulder Larimer & Weld Counties St Vrain Valley School District Re1J       | Boulder Larimer & Weld Counties, Series 2024                                            | CUSIP: 101565L31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10854.51     | 0.01%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                         | City of Philadelphia, Series 2017B                                                      | CUSIP: 717893E72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10365.65     | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2018V                                                             | CUSIP: 677522C36<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    245000 | PA      | $256710.27    | 0.30%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                    | City of Philadelphia, Series 2017                                                       | CUSIP: 717813TB5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56730.28     | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                          | Philadelphia Authority for Industrial Development, Series 2019                          | CUSIP: 71781QFC7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    110000 | PA      | $116121.05    | 0.14%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                               | Mississippi Development Bank, Series 2024A                                              | CUSIP: 60534XWR3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15930.04     | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                         | Dallas Independent School District, Series 2023                                         | CUSIP: 235308K69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49475.16     | 0.06%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                        | State of New Mexico, Series 2023                                                        | CUSIP: 647293SU4<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42273.39     | 0.05%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                         | Southeastern Pennsylvania Transportation Authority, Series 2017                         | CUSIP: 842039DV8<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25670.36     | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2021-1                                             | CUSIP: 70914PU42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108871.48    | 0.13%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sales Tax Revenue                                    | County of Hamilton, Series 2016A                                                        | CUSIP: 407287MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $122002.87    | 0.14%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2017-3                                                       | CUSIP: 97705MKN4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126851.26    | 0.15%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | County of Clark, Series 2017                                                            | CUSIP: 180848SS3<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    110000 | PA      | $113218.18    | 0.13%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | County of Wake, Series 2025A                                                            | CUSIP: 930864JN4<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     85000 | PA      | $91064.14     | 0.11%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                            | City of Gainesville, Series 2017A                                                       | CUSIP: 362848UC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77422.12     | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2020B                                      | CUSIP: 167593Q88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10617.02     | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                          | State of Michigan, Series 2018                                                          | CUSIP: 594612EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69623.31     | 0.08%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2008J10                                                        | CUSIP: 64966QRA0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10313.26     | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2023B                                                  | CUSIP: 1966325E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15946.51     | 0.02%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 405 Bellevue                               | King County School District No. 405, Series 2016                                        | CUSIP: 495098YT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $157586.36    | 0.19%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2019A                                       | CUSIP: 92778VGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42477.77     | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue      | State of Florida, Series 2022A                                                          | CUSIP: 343137MV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60382.31     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                 | Metropolitan Water Reclamation District of Greater Chicago, Series 2016A                | CUSIP: 167560SW2<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101485.10    | 0.12%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2024B                                                         | CUSIP: 452153LQ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32347.78     | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2022A                                                        | CUSIP: 604146GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $265917.13    | 0.32%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                             | Florida Department of Environmental Protection, Series 2016A                            | CUSIP: 34160WZL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100623.77    | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                           | Kentucky Public Energy Authority, Series 2025A                                          | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    175000 | PA      | $185199.12    | 0.22%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | State of Mississippi, Series 2016B                                                      | CUSIP: 605581HP5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76261.49     | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2017-2                                                       | CUSIP: 97705MJJ5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152221.52    | 0.18%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County School District                                               | Henry County School District, Series 2016                                               | CUSIP: 426362LY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100826.47    | 0.12%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | State of California, Series 2022                                                        | CUSIP: 13063D2C1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43982.54     | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                          | Hampton Roads Sanitation District, Series 2016A                                         | CUSIP: 409327HH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105888.27    | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2024A                                                          | CUSIP: 64966Q5S5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10322.59     | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                   | City of Portland, Series 2023A                                                          | CUSIP: 736742E86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11004.67     | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                  | North East Independent School District, Series 2007                                     | CUSIP: 6591543B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27764.58     | 0.03%             | 2031-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Harris County Regional Water Authority                               | County of North Harris, Series 2016                                                     | CUSIP: 65956NGQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71109.91     | 0.08%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | Salt River Project Agricultural Improvement & Power District, Series 2019A              | CUSIP: 79574CDQ3<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     95000 | PA      | $103128.76    | 0.12%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | State of Oregon, Series 2019A                                                           | CUSIP: 68609TLD8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    145000 | PA      | $155130.31    | 0.18%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | State of Delaware, Series 2020A                                                         | CUSIP: 246381PL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93823.90     | 0.11%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                         | Montgomery County Industrial Development Authority, Series 2023A                        | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |     65000 | PA      | $66364.20     | 0.08%             | 2053-04-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No. 233 Olathe                      | Johnson County Unified School District No. 233, Series 2022A                            | CUSIP: 478718Z77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43727.37     | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                             | State of Texas, Series 2018A                                                            | CUSIP: 882724JD0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77760.58     | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Buildings Commission                                          | CUSIP: 49151FTE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $265680.32    | 0.32%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                          | County of King, Series 2019                                                             | CUSIP: 49474FVQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53238.59     | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2020                                                       | CUSIP: 25483VWR1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    160000 | PA      | $172957.89    | 0.21%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | New Jersey Transportation Trust Fund Authority, Series 2016A1                           | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135626.28    | 0.16%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                         | Illinois Municipal Electric Agency, Series 2025A                                        | CUSIP: 452024JH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98838.95     | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                     | Iowa Finance Authority, Series 2020A                                                    | CUSIP: 46246K7G1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56841.06     | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2020C                                                  | CUSIP: 196632W41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31204.65     | 0.04%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                         | Virginia Public Building Authority, Series 2022A                                        | CUSIP: 928173AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10554.57     | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                 | Pennsylvania Turnpike Commission, Series A                                              | CUSIP: 709221UD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71083.92     | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund         | Ohio Water Development Authority, Series 2023A                                          | CUSIP: 67766WG55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11012.51     | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                          | City of Dallas, Series 2024C                                                            | CUSIP: 235219YK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117460.89    | 0.14%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | New York State Dormitory Authority, Series 2018A                                        | CUSIP: 64990GAV4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    155000 | PA      | $156909.43    | 0.19%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                         | Port of Seattle, Series 2022A                                                           | CUSIP: 735389S82<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    125000 | PA      | $134420.15    | 0.16%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2020C                                                      | CUSIP: 25477GST3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64286.70     | 0.08%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | Salt River Project Agricultural Improvement & Power District, Series 2021A              | CUSIP: 79574CEY5<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10653.47     | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | California State Public Works Board, Series 2017B                                       | CUSIP: 13068XJB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20704.10     | 0.02%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                          | South Carolina Transportation Infrastructure Bank, Series 2016A                         | CUSIP: 837152UD7<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |     80000 | PA      | $79778.94     | 0.09%             | 2029-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2024C                                                     | CUSIP: 93974EY91<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121000.24    | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2021-2                                                         | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |    200000 | PA      | $200000.00    | 0.24%             | 2042-04-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2021A                                       | CUSIP: 92778VKV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22025.11     | 0.03%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                | Alabama Public School and College Authority, Series 2020A                               | CUSIP: 010609FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63565.08     | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue         | Trinity River Authority, Series 2019                                                    | CUSIP: 89658HWU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193275.50    | 0.23%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2019A                                              | CUSIP: 181059F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92369.79     | 0.11%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                          | County of Cook, Series 2016A                                                            | CUSIP: 213185KG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55846.57     | 0.07%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | State of Delaware, Series 2025                                                          | CUSIP: 246381UL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218503.96    | 0.26%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                 | City of Austin, Series 2025                                                             | CUSIP: 052414WR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71056.51     | 0.08%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2017E                                       | CUSIP: 92778VFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57251.79     | 0.07%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                          | Palm Beach County School District, Series 2018C                                         | CUSIP: 696550G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $215893.35    | 0.26%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                       | Central Florida Expressway Authority, Series 2021                                       | CUSIP: 153476GM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $100029.64    | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                       | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016A                     | CUSIP: 603827WV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10163.76     | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2023                                                         | CUSIP: 604140XJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21890.02     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2025F                                            | CUSIP: 09182TGR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212054.80    | 0.25%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | Metropolitan Transportation Authority, Series 2018B                                     | CUSIP: 59261AWX1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    130000 | PA      | $131968.56    | 0.16%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | Triborough Bridge & Tunnel Authority, Series 2026A1                                     | CUSIP: 89602HJC2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     90000 | PA      | $93916.54     | 0.11%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                             | Tennergy Corp., Series 2024A                                                            | CUSIP: 880397CJ1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110071.42    | 0.13%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2018A                                                      | CUSIP: 20772KAW9<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36684.18     | 0.04%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2020C                                                      | CUSIP: 20772KKS7<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10409.95     | 0.01%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                | Rhode Island Commerce Corp., Series 2016B                                               | CUSIP: 762232AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155679.24    | 0.18%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                          | Southeast Energy Authority A Cooperative District, Series 2025F                         | CUSIP: 84136JAE9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265890.38    | 0.32%             | 2030-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | City of Columbus, Series 2017A                                                          | CUSIP: 199492TN9<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30382.48     | 0.04%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                              | Texas State University System, Series 2017A                                             | CUSIP: 88278PYH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $214728.91    | 0.25%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2023B                                                     | CUSIP: 93974ED60<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75468.40     | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | New Mexico Finance Authority, Series 2021A                                              | CUSIP: 64711RMP8<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    135000 | PA      | $147568.68    | 0.17%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | New York City Transitional Finance Authority, Series 2023S1A                            | CUSIP: 64972H6X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32913.17     | 0.04%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                      | City of San Antonio, Series 2016                                                        | CUSIP: 7962535N8<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20146.05     | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | New York State Dormitory Authority, Series 2024A                                        | CUSIP: 65000BW95<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22071.02     | 0.03%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2016A                                                          | CUSIP: 29270CR23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100611.88    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                      | City of Chicago, Series 2017-2                                                          | CUSIP: 167736N94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25909.34     | 0.03%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                        | State of Illinois, Series 2025A                                                         | CUSIP: 452227UY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $136357.65    | 0.16%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2024-1                                                       | CUSIP: 97705MJ22<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110286.60    | 0.13%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2022D1                             | CUSIP: 64971XN38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10384.42     | 0.01%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Maui HI                                                          | County of Maui, Series 2025                                                             | CUSIP: 577286BA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $51298.10     | 0.06%             | 2030-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue            | Arizona Department of Transportation State Highway Fund, Series 2023                    | CUSIP: 040654YG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75472.20     | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                          | Southeast Energy Authority A Cooperative District, Series 2022A1                        | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    280000 | PA      | $298011.17    | 0.35%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                             | Lower Colorado River Authority, Series 2023                                             | CUSIP: 54811BZY0<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     85000 | PA      | $88964.60     | 0.11%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | State of Oregon, Series 2023A                                                           | CUSIP: 68609UBV6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     85000 | PA      | $89336.29     | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                  | Central Texas Regional Mobility Authority, Series 2021D                                 | CUSIP: 155498NA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10891.45     | 0.01%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                              | State of Florida, Series 2019A                                                          | CUSIP: 34160DAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61780.89     | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                               | State of Kansas, Series 2017A                                                           | CUSIP: 485424RF4<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15507.89     | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2022-1                                             | CUSIP: 70914PX64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101243.27    | 0.12%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | Salt River Project, Series 2016A                                                        | CUSIP: 79574CBU6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71230.52     | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series V                                                                 | CUSIP: 677522B94<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21019.05     | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                            | San Diego Public Facilities Financing Authority, Series 2016B                           | CUSIP: 79730CGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65559.95     | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series C                                  | CUSIP: 64971WU65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153719.04    | 0.18%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | Commonwealth of Massachusetts, Series 2018B                                             | CUSIP: 57582RRY4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10438.89     | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                             | State of Maine, Series 2020B                                                            | CUSIP: 56052AE51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $198464.76    | 0.24%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                            | Indianapolis Local Public Improvement Bond Bank, Series 2025D                           | CUSIP: 45528VHD4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10606.06     | 0.01%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                              | State of Iowa, Series 2016A                                                             | CUSIP: 46257TED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15038.17     | 0.02%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nebo School District                                                       | Nebo School District, Series 2022                                                       | CUSIP: 639557XK8<br>LEI: 549300QJS89I60PFG061 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125787.00    | 0.15%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                           | State of Florida, Series 2017A                                                          | CUSIP: 341507S28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $97950.44     | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No. 81 Spokane                              | Spokane County School District No. 81, Series 2021                                      | CUSIP: 848712RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78396.32     | 0.09%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                         | City of Houston, Series 2019A                                                           | CUSIP: 4423315B6<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90135.84     | 0.11%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                          | Michigan State Building Authority, Series 2025I                                         | CUSIP: 594615MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21778.20     | 0.03%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garland Independent School District                                        | Garland Independent School District, Series 2023A                                       | CUSIP: 366155Y78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $97666.71     | 0.12%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                      | Tennessee State School Bond Authority, Series B                                         | CUSIP: 880558KB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76084.03     | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                       | Missouri Joint Municipal Electric Utility Commission, Series 2024                       | CUSIP: 606092PT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32646.62     | 0.04%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                       | County of Loudoun, Series 2023A                                                         | CUSIP: 54589TMX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15620.41     | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | State of Hawaii, Series FN                                                              | CUSIP: 419792SH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10359.83     | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                  | Central Texas Regional Mobility Authority, Series 2021D                                 | CUSIP: 155498MY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $163933.69    | 0.19%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                    | Energy Southeast A Cooperative District, Series 2023A1                                  | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161310.71    | 0.19%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                     | University of Colorado, Series 2025B                                                    | CUSIP: 91417NKX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38220.74     | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                        | Los Angeles Unified School District, Series 2021RYRR                                    | CUSIP: 544647EK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $103124.67    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha NE                                                           | City of Omaha, Series 2004                                                              | CUSIP: 681712PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92479.46     | 0.11%             | 2027-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                              | Main Street Natural Gas, Inc., Series 2019C                                             | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80222.25     | 0.10%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                     | State of Georgia, Series 2020                                                           | CUSIP: 37358MEK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52534.72     | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                          | CUSIP: 246419BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75248.15     | 0.09%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                  | New Jersey Economic Development Authority, Series 2020A                                 | CUSIP: 64577XAS5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     85000 | PA      | $91555.39     | 0.11%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | County of King, Series 2016B                                                            | CUSIP: 4952894J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50105.11     | 0.06%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No. 500 Kansas City               | Wyandotte County Unified School District No. 500, Series A                              | CUSIP: 982696QY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $217479.44    | 0.26%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2017                                                 | CUSIP: 45204EXW3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81389.14     | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | Commonwealth of Massachusetts, Series 2024A                                             | CUSIP: 57582R5E2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26097.24     | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                            | Indianapolis Local Public Improvement Bond Bank, Series 2025D                           | CUSIP: 45528VHB8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101857.51    | 0.12%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2017B                                                   | CUSIP: 65829QCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61545.25     | 0.07%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                    | City of Phoenix Civic Improvement Corp., Series 2017D                                   | CUSIP: 71883MMP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20582.88     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                          | CUSIP: 246428K21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $123670.25    | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | Municipal Electric Authority of Georgia, Series 2024                                    | CUSIP: 62620HJF0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41691.81     | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                          | State of Colorado, Series 2018M                                                         | CUSIP: 19668QKF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10437.84     | 0.01%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority State Revolving Fund                 | State of Minnesota, Series 2023A                                                        | CUSIP: 604115DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $125195.65    | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | Illinois State Toll Highway Authority, Series 2024A                                     | CUSIP: 452252QH5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58395.11     | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                  | City of Houston, Series 2018B                                                           | CUSIP: 442349BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110263.92    | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corpus Christi Independent School District                                 | Corpus Christi Independent School District, Series 2019                                 | CUSIP: 2201476P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $153103.64    | 0.18%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                | State of Nevada, Series 2018                                                            | CUSIP: 641480JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110248.45    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | County of Clark, Series 2024                                                            | CUSIP: 181000TU4<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26335.95     | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                              | Central Plains Energy Project, Series 2023A1                                            | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42306.89     | 0.05%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                      | University of Houston, Series 2020A                                                     | CUSIP: 914302FX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102104.11    | 0.12%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2020B                                                         | CUSIP: 4521526Q9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    115000 | PA      | $116251.48    | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | New Jersey Transportation Trust Fund Authority, Series 2022AA                           | CUSIP: 64613CAM0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     80000 | PA      | $85698.10     | 0.10%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                    | City of Jacksonville, Series 2024                                                       | CUSIP: 469487VN9<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81892.03     | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | State of Maryland, Series 2020                                                          | CUSIP: 574204P80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10603.79     | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | State of Mississippi, Series 2016B                                                      | CUSIP: 605581HR1<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    155000 | PA      | $157489.22    | 0.19%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2024C                                   | CUSIP: 544532LZ5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25710.83     | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue | Metropolitan Government of Nashville & Davidson County, Series 2024B                    | CUSIP: 592030S68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10712.81     | 0.01%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                        | County of Harris, Series 2007C                                                          | CUSIP: 4140043Y5<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     80000 | PA      | $86677.56     | 0.10%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                         | City of Seattle, Series 2020A                                                           | CUSIP: 812643UL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $139209.64    | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                        | State of Illinois, Series 2021A                                                         | CUSIP: 452227RP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20665.22     | 0.02%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                       | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016A                     | CUSIP: 603827WT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25420.76     | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                             | State of Texas, Series 2018A                                                            | CUSIP: 882724JC2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     90000 | PA      | $91127.95     | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                      | County of Harris, Series 2022A                                                          | CUSIP: 41423PCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82633.25     | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                  | North East Independent School District, Series 2025                                     | CUSIP: 659155QN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $222053.35    | 0.26%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                      | County of Hamilton, Series 2018A                                                        | CUSIP: 4073246N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57699.71     | 0.07%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                  | Michigan State University, Series 2023A                                                 | CUSIP: 594712XJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10563.61     | 0.01%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | Las Vegas Valley Water District, Series 2021C                                           | CUSIP: 517845MB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70299.32     | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2025B                                                             | CUSIP: 677523KA9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43958.98     | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2025A                                   | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    155000 | PA      | $160506.58    | 0.19%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series A1                                                     | CUSIP: 196632YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51889.16     | 0.06%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                           | Kentucky Public Energy Authority, Series 2019C                                          | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10091.52     | 0.01%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | Florida State of Education, Series 2024A                                                | CUSIP: 34153QXM3<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     90000 | PA      | $98386.04     | 0.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2020A                                       | CUSIP: 92778VJH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10660.18     | 0.01%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Green Bay Area Public School District                                      | Green Bay Area Public School District                                                   | CUSIP: 392643WC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $194578.03    | 0.23%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                     | Permanent University Fund - University of Texas System, Series 2022A                    | CUSIP: 9151158J1<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105666.13    | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | Ohio Water Development Authority, Series 2019A                                          | CUSIP: 677660UW0<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31241.32     | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp. of Los Angeles                                 | Municipal Improvement Corp. of Los Angeles, Series 2021C                                | CUSIP: 5445873R7<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44124.23     | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                       | School District of Broward County, Series 2019A                                         | CUSIP: 115065B52<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61637.92     | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                   | San Antonio Water System, Series 2020A                                                  | CUSIP: 79642GHC9<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110163.68    | 0.13%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                      | Fort Bend Independent School District, Series 2025A                                     | CUSIP: 346843WT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105977.87    | 0.13%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                         | City of Seattle, Series 2022A                                                           | CUSIP: 812627LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51083.85     | 0.06%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV Passenger Facility Charge Revenue                       | County of Clark, Series 2019E                                                           | CUSIP: 181006HN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $209316.90    | 0.25%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | Las Vegas Valley Water District, Series 2021C                                           | CUSIP: 517845MD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $142141.81    | 0.17%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                          | Plano Independent School District, Series 2025                                          | CUSIP: 727199D81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $132850.00    | 0.16%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah (The)                                                   | University of Utah (The), Series 2022B                                                  | CUSIP: 915183Y50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30995.80     | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund         | Ohio Water Development Authority, Series 2017A                                          | CUSIP: 67766WXT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25727.61     | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2022D                                      | CUSIP: 1675932U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10914.15     | 0.01%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bexar County Hospital District                                             | Bexar County Hospital District Ltd., Series 2019                                        | CUSIP: 088365HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20773.19     | 0.02%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | State of Maryland, Series 2016                                                          | CUSIP: 574204E90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10211.15     | 0.01%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                        | State of Illinois, Series 2022-1                                                        | CUSIP: 452226Q48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26007.58     | 0.03%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                     | County of Harris, Series 2024A                                                          | CUSIP: 413890GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41417.75     | 0.05%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2019A                                                        | CUSIP: 60412AQT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67158.44     | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | City of Atlanta, Series 2017A                                                           | CUSIP: 047870NT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10390.28     | 0.01%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                               | County of Prince George's, Series 2020B                                                 | CUSIP: 7417016W1<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10358.70     | 0.01%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Trustees of the University of Illinois (The)                      | Board of Trustees of the University of Illinois (The), Series 2021A                     | CUSIP: 9143535N3<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15670.76     | 0.02%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | City & County of Honolulu, Series 2023D                                                 | CUSIP: 438687YH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10475.30     | 0.01%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | City & County of Honolulu, Series 2023D                                                 | CUSIP: 438687YK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10875.69     | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                       | Central Florida Expressway Authority, Series 2016B                                      | CUSIP: 153476BY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110420.06    | 0.13%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2022A                                                 | CUSIP: 45506EEZ2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10959.87     | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                         | City of Houston, Series 2016B                                                           | CUSIP: 44244CGM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86222.02     | 0.10%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                              | State of Utah, Series 2018                                                              | CUSIP: 917542VF6<br>LEI: 254900RWV9NSVUZONC07 | Long             | DBT              | MUN               | US        |    130000 | PA      | $134021.17    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2020                                                 | CUSIP: 45204FFE0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     65000 | PA      | $67026.86     | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                          | CUSIP: 246419BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27286.09     | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                     | Utah State Transit Authority                                                            | CUSIP: 917567CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220069.70    | 0.26%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | California State Public Works Board, Series 2021B                                       | CUSIP: 13068XBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21827.69     | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2019                                                 | CUSIP: 45204EX29<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    165000 | PA      | $176622.88    | 0.21%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | City of Atlanta, Series 2018C                                                           | CUSIP: 047870RF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20780.55     | 0.02%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                  | Dallas Area Rapid Transit, Series 2007                                                  | CUSIP: 235241EZ5<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49791.25     | 0.06%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue           | Washington Metropolitan Area Transit Authority, Series 2023A                            | CUSIP: 93878YCW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90647.17     | 0.11%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2019-1                                                            | CUSIP: 677581HF0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26036.25     | 0.03%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | City of Atlanta, Series 2024                                                            | CUSIP: 047870ST8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32943.43     | 0.04%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2022A                                                        | CUSIP: 60412AXX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10332.07     | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                          | County of Cook, Series 2021A                                                            | CUSIP: 213185LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116626.88    | 0.14%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund         | Ohio Water Development Authority, Series 2020A                                          | CUSIP: 67766WYL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85921.05     | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                   | University of Washington, Series 2025A                                                  | CUSIP: 91523NZU3<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    125000 | PA      | $135941.94    | 0.16%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | State of Florida, Series 2017C                                                          | CUSIP: 34153QLJ3<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72090.25     | 0.09%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                    | Great Lakes Water Authority, Series 2018A                                               | CUSIP: 39081JBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84056.06     | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                       | State of Michigan, Series 2020B                                                         | CUSIP: 594695Z35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $170515.33    | 0.20%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV Passenger Facility Charge Revenue                       | County of Clark, Series 2019E                                                           | CUSIP: 181006HL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20593.38     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                | Rhode Island Commerce Corp., Series 2016B                                               | CUSIP: 762232AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50228.40     | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                     | State of New Hampshire, Series 2025B                                                    | CUSIP: 64468FCX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136983.58    | 0.16%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2018C                                                          | CUSIP: 64966MSX8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156162.78    | 0.19%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                            | State of Alaska, Series 2024A                                                           | CUSIP: 0117705L4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59168.57     | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                          | Philadelphia Authority for Industrial Development, Series 2019                          | CUSIP: 71781QFE3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168969.64    | 0.20%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2021A                                                         | CUSIP: 452153BU2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16200.80     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                    | Maryland State Transportation Authority, Series 2020                                    | CUSIP: 574300MB2<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32801.33     | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2018A                                   | CUSIP: 5444954J0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41380.07     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2025C                                   | CUSIP: 544532QE7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21378.70     | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                             | Lower Colorado River Authority, Series 2019                                             | CUSIP: 54811BSP7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53072.19     | 0.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2021A                                                  | CUSIP: 196632Z48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $93593.90     | 0.11%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2021A                              | CUSIP: 64971XRR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21927.92     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                       | State of Michigan, Series 2023                                                          | CUSIP: 5946953Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22001.98     | 0.03%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                      | Northside Independent School District, Series 2018                                      | CUSIP: 66702RTL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87640.80     | 0.10%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2017A                                                          | CUSIP: 29270CU52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123528.00    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | New Mexico Finance Authority, Series 2021A                                              | CUSIP: 64711RMN3<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16123.25     | 0.02%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | Triborough Bridge & Tunnel Authority, Series 2023C                                      | CUSIP: 89602HFW2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11015.62     | 0.01%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lincoln NE Electric System Revenue                                 | City of Lincoln, Series 2018                                                            | CUSIP: 534272J75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10196.92     | 0.01%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2019C                                                      | CUSIP: 25477GQB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $220420.67    | 0.26%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Buildings Commission, Series A                                | CUSIP: 49151F3U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $103771.91    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2017A                                                          | CUSIP: 29270CV93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41176.00     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2015                                                 | CUSIP: 45203H2A9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15913.25     | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Building Commission, Series 2024B                             | CUSIP: 49151F3D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49252.55     | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                 | Delaware Valley Regional Financing Authority, Series 1998A                              | CUSIP: 246579ER3<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68850.52     | 0.08%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | Commonwealth of Massachusetts, Series 2024B                                             | CUSIP: 57582R6N1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22054.84     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2021A                                                        | CUSIP: 546417ER3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38655.81     | 0.05%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                             | Washington Metropolitan Area Transit Authority, Series 2017A1                           | CUSIP: 938782EQ8<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    255000 | PA      | $262336.48    | 0.31%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2024A                                   | CUSIP: 544532JZ8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69045.91     | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2020B                                      | CUSIP: 167593Q96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37730.85     | 0.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2020                                                 | CUSIP: 45204FFK6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    140000 | PA      | $151447.62    | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                         | Virginia Public Building Authority, Series 2021A1                                       | CUSIP: 9281727W9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71134.82     | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                         | City of Chicago, Series 2023B                                                           | CUSIP: 167727C87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10725.29     | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                             | Lamar Consolidated Independent School District, Series 2024A                            | CUSIP: 513174Q70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261475.33    | 0.31%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri (The)                               | Curators of the University of Missouri (The), Series 2020B                              | CUSIP: 231266MK0<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |     85000 | PA      | $93193.68     | 0.11%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2025A                                                      | CUSIP: 25477GXT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128672.65    | 0.15%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2025                                              | CUSIP: 88285AHW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57099.86     | 0.07%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                            | City of Port St. Lucie, Series 2007                                                     | CUSIP: 735352LS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98606.79     | 0.12%             | 2027-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                          | City of Charlotte, Series 2020                                                          | CUSIP: 161045QK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43805.91     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                             | Sales Tax Securitization Corp., Series 2020A                                            | CUSIP: 79467BCS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $218686.28    | 0.26%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | State of Delaware, Series 2021                                                          | CUSIP: 246381QU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110545.35    | 0.13%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No. 23J Tigard-Tualatin    | Washington & Clackamas Counties School District No. 23J, Series 2017                    | CUSIP: 938395RM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15413.18     | 0.02%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                   | County of Mecklenburg, Series 2025                                                      | CUSIP: 58400CBR7<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |    145000 | PA      | $159889.25    | 0.19%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | State of Florida, Series 2022B                                                          | CUSIP: 34153QWF9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16391.47     | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2022                                              | CUSIP: 88285AAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64821.50     | 0.08%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2023D1                                           | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    140000 | PA      | $147199.47    | 0.17%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                       | School District of Broward County, Series 2016A                                         | CUSIP: 115065YZ1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216286.71    | 0.26%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | New Mexico Finance Authority, Series 2021A                                              | CUSIP: 64711RML7<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100513.09    | 0.12%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams & Arapahoe Counties Joint School District 28J Aurora                 | Adams & Arapahoe Counties Joint School District 28J, Series 2021A                       | CUSIP: 0054823S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10632.77     | 0.01%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                       | School District of Broward County, Series 2016A                                         | CUSIP: 115065YX6<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    230000 | PA      | $231376.48    | 0.27%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2024A                                                        | CUSIP: 60412AL76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71246.43     | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | District of Columbia, Series 2024A                                                      | CUSIP: 254845TP5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     75000 | PA      | $80896.36     | 0.10%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri (The)                               | Curators of the University of Missouri (The), Series 2024                               | CUSIP: 231266MS3<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20771.68     | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                | School Board of Duval County, Series 2025A                                              | CUSIP: 267169HP8<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53543.54     | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                    | Great Lakes Water Authority, Series D                                                   | CUSIP: 39081JAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80477.37     | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                          | Michigan State Building Authority, Series 2020I                                         | CUSIP: 594615HE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $150424.39    | 0.18%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                | Rhode Island Commerce Corp., Series 2020A                                               | CUSIP: 762232BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $167869.09    | 0.20%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                | Development Authority of Burke County (The), Series 2017E                               | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |     90000 | PA      | $91160.33     | 0.11%             | 2045-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2020                                                 | CUSIP: 45204FFL4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    140000 | PA      | $152660.91    | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | Salt River Project, Series 2017A                                                        | CUSIP: 79574CCP6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20817.00     | 0.02%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                               | County of Prince George's, Series 2019A                                                 | CUSIP: 7417015N2<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48288.75     | 0.06%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2022A1                             | CUSIP: 64971XB64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36345.46     | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                          | State of Colorado, Series 2020A                                                         | CUSIP: 196711RY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15933.36     | 0.02%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | Metropolitan Transportation Authority, Series A2                                        | CUSIP: 59261ADN4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71060.00     | 0.08%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2023B                                       | CUSIP: 92778VNE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16518.83     | 0.02%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                         | Aldine Independent School District, Series 2024B                                        | CUSIP: 014393B27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $70487.20     | 0.08%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | State of Mississippi, Series 2017A                                                      | CUSIP: 605581JK4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    120000 | PA      | $124470.92    | 0.15%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bi-State Development Agency of the Missouri-Illinois Metropolitan District | Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Series 2019 | CUSIP: 088632BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106220.46    | 0.13%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2019B                                                        | CUSIP: 97705MPF6<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112996.95    | 0.13%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2020B1                                                         | CUSIP: 64966QEY2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10351.45     | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2025E                                            | CUSIP: 09182TFW2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115218.28    | 0.14%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                           | Kentucky Public Energy Authority, Series 2024A                                          | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    130000 | PA      | $136282.03    | 0.16%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                         | State of Tennessee, Series 2021A                                                        | CUSIP: 880541D38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71589.60     | 0.08%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                | Rhode Island Commerce Corp., Series 2020A                                               | CUSIP: 762232BQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15999.49     | 0.02%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2017A                                                      | CUSIP: 25476FUC0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10256.56     | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams 12 Five Star Schools                                                 | Adams 12 Five Star Schools, Series 2016B                                                | CUSIP: 006449GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40718.36     | 0.05%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                           | New York State Thruway Authority, Series 2025A                                          | CUSIP: 650028C92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33212.24     | 0.04%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | New Jersey Transportation Trust Fund Authority, Series 2019A                            | CUSIP: 6461366D8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10404.27     | 0.01%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                         | Conroe Independent School District, Series 2025                                         | CUSIP: 2084185U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38547.72     | 0.05%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | State of Delaware, Series 2021                                                          | CUSIP: 246381QQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91840.70     | 0.11%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                   | Massachusetts Development Finance Agency, Series 2016A                                  | CUSIP: 57584XXV8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125904.84    | 0.15%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No. 1J                                           | Hillsboro School District No. 1J, Series 2017                                           | CUSIP: 939307HZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36006.24     | 0.04%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                   | State of Connecticut, Series 2018A                                                      | CUSIP: 207758XJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10400.13     | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | City of Atlanta, Series 2018C                                                           | CUSIP: 047870RD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25975.69     | 0.03%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2020B                                                         | CUSIP: 4521526T3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69255.30     | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2019A                                                             | CUSIP: 677522H98<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54627.97     | 0.06%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecos Barstow Toyah Independent School District                            | Pecos Barstow Toyah Independent School District, Series 2023                            | CUSIP: 705227HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127653.05    | 0.15%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2024B                                              | CUSIP: 1810594P8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $215208.00    | 0.26%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | New Jersey Transportation Trust Fund Authority, Series 2023AA                           | CUSIP: 64613CCZ9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15075.40     | 0.02%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Financing Authority                                        | Sacramento City Financing Authority, Series E                                           | CUSIP: 785849VC1<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10893.43     | 0.01%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                        | State of Illinois, Series 2025A                                                         | CUSIP: 452227UZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69445.82     | 0.08%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                        | State of New Mexico, Series 2025                                                        | CUSIP: 647293TD1<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58744.15     | 0.07%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2022A                                       | CUSIP: 92778VLT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $88100.43     | 0.10%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | State of Maryland, Series 2022C                                                         | CUSIP: 574193UZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41570.47     | 0.05%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2018                                              | CUSIP: 882854D41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25781.64     | 0.03%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2024B                                                         | CUSIP: 452153JJ9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20465.70     | 0.02%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                         | City of Denton, Series 2023                                                             | CUSIP: 249002LL8<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |     75000 | PA      | $80791.36     | 0.10%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2018B                                                         | CUSIP: 4521523B5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    145000 | PA      | $151881.09    | 0.18%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Building Commission, Series 2025A                             | CUSIP: 49151F4Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10673.99     | 0.01%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                     | County of Clark, Series 2019B                                                           | CUSIP: 18085PRK2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42107.86     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                          | South Carolina Transportation Infrastructure Bank, Series 2019A                         | CUSIP: 837152VH7<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    135000 | PA      | $136712.18    | 0.16%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2020                                              | CUSIP: 8828543A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113017.38    | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                             | Sales Tax Securitization Corp., Series 2020A                                            | CUSIP: 79467BCU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $142349.85    | 0.17%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2017E                                       | CUSIP: 92778VFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67721.86     | 0.08%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Corrections Institution Finance Authority                          | Alabama Corrections Institution Finance Authority, Series 2022A                         | CUSIP: 010507BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68193.73     | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                    | Dallas Fort Worth International Airport, Series 2020A                                   | CUSIP: 2350365D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52941.32     | 0.06%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | District of Columbia, Series 2024A                                                      | CUSIP: 254845TQ3<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65752.90     | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                        | County of Harris, Series 2016A                                                          | CUSIP: 414005WG9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115945.16    | 0.14%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                    | City of Philadelphia, Series 2025C                                                      | CUSIP: 717813B99<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105821.94    | 0.13%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                     | Utah Transit Authority, Series 2025                                                     | CUSIP: 917567JD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49549.13     | 0.06%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                            | City of Houston, Series 2002C                                                           | CUSIP: 44244CZS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52931.27     | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                            | California Community Choice Financing Authority, Series 2023D                           | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15686.22     | 0.02%             | 2054-05-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | State of Maryland, Series 2020                                                          | CUSIP: 574204P64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81006.62     | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2022D                                      | CUSIP: 1675932T8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21560.49     | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho State Building Authority                                             | Idaho State Building Authority, Series 2024A                                            | CUSIP: 451446AC2<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |    255000 | PA      | $262346.19    | 0.31%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                          | County of Cook, Series 2016A                                                            | CUSIP: 213185KP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65919.54     | 0.08%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | State of West Virginia, Series 2018A                                                    | CUSIP: 956553ZC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $136662.34    | 0.16%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2017                                           | CUSIP: 709224A33<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25963.86     | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                  | New Jersey Economic Development Authority, Series B                                     | CUSIP: 64577BE26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    115000 | PA      | $116629.26    | 0.14%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series A2                                             | CUSIP: 709224ZH5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31136.42     | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                   | County of Mecklenburg, Series 2019                                                      | CUSIP: 584002WY1<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53476.53     | 0.06%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2025A                                                     | CUSIP: 93974E4L7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75283.19     | 0.09%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | Florida State of Education, Series 2025A                                                | CUSIP: 34153QYF7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    170000 | PA      | $175076.32    | 0.21%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2021A                                                         | CUSIP: 452153AH2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52832.31     | 0.06%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | Salt River Project Agricultural Improvement & Power District, Series 2024A              | CUSIP: 79574CFV0<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10855.66     | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series 2018A                                                       | CUSIP: 93974DN95<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77337.13     | 0.09%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 412 Shoreline                              | King County School District No. 412, Series 2021A                                       | CUSIP: 495242P37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $217133.08    | 0.26%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | State of Maryland, Series 2021B                                                         | CUSIP: 574204T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15960.33     | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2022A                                                          | CUSIP: 29270C4N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131707.83    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | State of Hawaii, Series 2017FN                                                          | CUSIP: 419792SF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70891.30     | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                           | State of Alabama, Series 2016C                                                          | CUSIP: 010411BR6<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15120.38     | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Building Commission, Series A                                 | CUSIP: 49151FT91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21739.92     | 0.03%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2021-2                                                       | CUSIP: 97705MSW6<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     85000 | PA      | $89279.63     | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                          | County of King, Series 2017                                                             | CUSIP: 49474FSD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67010.59     | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                  | State of Florida, Series 2018A                                                          | CUSIP: 34160PEC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74209.72     | 0.09%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma State University                                                  | Oklahoma State University, Series 2020A                                                 | CUSIP: 679191HG4<br>LEI: 254900M845UI413F1O58 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21839.31     | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2024C                                              | CUSIP: 1810595J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10288.96     | 0.01%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                             | State of Maine, Series 2020B                                                            | CUSIP: 56052AE44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $199837.42    | 0.24%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2016C                                                 | CUSIP: 45470RCX2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214247.76    | 0.25%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                              | State of Utah, Series 2020                                                              | CUSIP: 917542WL2<br>LEI: 254900RWV9NSVUZONC07 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216348.18    | 0.26%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                     | Permanent University Fund - University of Texas System, Series 2025A                    | CUSIP: 915130BU1<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    150000 | PA      | $163766.87    | 0.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | New York City Municipal Water Finance Authority, Series 2022DD                          | CUSIP: 64972GZW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |    150000 | PA      | $150000.00    | 0.18%             | 2033-06-15      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| City of Tallahassee FL Energy System Revenue                               | City of Tallahassee, Series 2024                                                        | CUSIP: 874476LM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32956.50     | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | County of Clark, Series 2018A                                                           | CUSIP: 180848WY5<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    120000 | PA      | $126094.14    | 0.15%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue    | County of Harris, Series 2018                                                           | CUSIP: 41422EHY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62363.53     | 0.07%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2024A                                                          | CUSIP: 29270C5N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109177.91    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2023E1                             | CUSIP: 64971X4S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21927.92     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2016E                                                      | CUSIP: 20772J3V2<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70947.80     | 0.08%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                        | Houston Independent School District, Series 2017                                        | CUSIP: 442403MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76611.47     | 0.09%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                              | Alabama Federal Aid Highway Finance Authority, Series 2025B                             | CUSIP: 010268DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21917.77     | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2020                                              | CUSIP: 8828542Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79244.99     | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                        | State of New Mexico, Series 2025                                                        | CUSIP: 647293TE9<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |     55000 | PA      | $63861.90     | 0.08%             | 2030-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                    | South Carolina Public Service Authority, Series 2026C                                   | CUSIP: 83715BBB2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109307.28    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2022A                                                  | CUSIP: 1966322Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10631.00     | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                               | State of Kansas, Series 2017A                                                           | CUSIP: 485424RH0<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    135000 | PA      | $139248.21    | 0.17%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2019C                                       | CUSIP: 92778VHX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10660.18     | 0.01%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sales Tax Revenue                                    | County of Hamilton, Series 2016A                                                        | CUSIP: 407287MC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $161204.15    | 0.19%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                         | City of Atlanta, Series 2022A1                                                          | CUSIP: 047772H92<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33009.84     | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                              | Central Plains Energy Project, Series 2022-1                                            | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |     70000 | PA      | $73107.36     | 0.09%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                              | San Francisco Bay Area Rapid Transit District, Series 2020C1                            | CUSIP: 797661ZG3<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26202.38     | 0.03%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2024B                                                         | CUSIP: 452153JM2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21466.40     | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                          | Palm Beach County School District, Series 2022B                                         | CUSIP: 696550J60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63146.00     | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                           | University of North Texas System, Series 2025A                                          | CUSIP: 914729XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27124.91     | 0.03%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                        | Colorado Bridge & Tunnel Enterprise, Series 2024B                                       | CUSIP: 19633WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60652.60     | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2017B                                                     | CUSIP: 93974DXU7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105817.38    | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                            | Anaheim Housing & Public Improvements Authority, Series 2022A                           | CUSIP: 032556MD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103657.11    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2020                                                 | CUSIP: 45204FFC4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55347.67     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                             | State of Maine, Series 2020B                                                            | CUSIP: 56052AE69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81833.47     | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaufort County School District/SC                                         | Beaufort County School District, Series 2025B                                           | CUSIP: 073900U59<br>LEI: 549300B1H1V9F55UPU08 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57507.70     | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                  | City of Houston, Series 2020B                                                           | CUSIP: 442349EF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110438.90    | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                 | Southern California Public Power Authority, Series 2019-1                               | CUSIP: 84247PKZ3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159336.71    | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                | Oklahoma Turnpike Authority, Series 2020A                                               | CUSIP: 679111A95<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10409.14     | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund         | Ohio Water Development Authority, Series 2024D                                          | CUSIP: 67766WQ54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $195095.61    | 0.23%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                      | City of San Antonio, Series 2019                                                        | CUSIP: 79625GBD4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     95000 | PA      | $96188.57     | 0.11%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | State of Wisconsin, Series 2017-2                                                       | CUSIP: 977123U22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154696.17    | 0.18%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                  | Dallas Area Rapid Transit, Series 2007                                                  | CUSIP: 235241EY8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81594.33     | 0.10%             | 2029-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC Combined Enterprise System Revenue                      | City of Raleigh, Series 2023                                                            | CUSIP: 751100MY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131821.61    | 0.16%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | State of Maryland, Series 2025C                                                         | CUSIP: 574204Y80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16485.30     | 0.02%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | City of Atlanta, Series 2017A                                                           | CUSIP: 047870PA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25975.69     | 0.03%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                 | City & County of Denver, Series 2023                                                    | CUSIP: 249183YN8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10418.78     | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | City of Columbus, Series 2023A                                                          | CUSIP: 1994922N8<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10572.38     | 0.01%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                      | University of Houston, Series 2022A                                                     | CUSIP: 914302JX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132997.00    | 0.16%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2016                                          | CUSIP: 246428D29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115691.20    | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                               | County of Prince George's, Series 2020A                                                 | CUSIP: 7417016H4<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |     60000 | PA      | $63159.53     | 0.07%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                      | City of Fort Worth, Series 2025                                                         | CUSIP: 349426KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $194341.48    | 0.23%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                   | County of Mecklenburg, Series 2019                                                      | CUSIP: 584002WZ8<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74725.14     | 0.09%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                   | City of Portland, Series 2025A                                                          | CUSIP: 736742H75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10977.49     | 0.01%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | County of King, Series 2016B                                                            | CUSIP: 4952894F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10060.10     | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                               | State of Oregon, Series 2024                                                            | CUSIP: 68606UAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27270.92     | 0.03%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                        | City of Austin, Series 2017                                                             | CUSIP: 052477M94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5180.37      | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of North Slope AK                                                  | Borough of North Slope, Series 2025                                                     | CUSIP: 662523X61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52601.41     | 0.06%             | 2028-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                    | Great Lakes Water Authority, Series 2024A                                               | CUSIP: 39081JGU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $194711.48    | 0.23%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2017C                                              | CUSIP: 181059YJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31111.77     | 0.04%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | Wisconsin Department of Transportation, Series 2017-1                                   | CUSIP: 977123Q43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110698.13    | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | New York State Dormitory Authority, Series 2016A                                        | CUSIP: 64990CDS7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75430.54     | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2017D                                                         | CUSIP: 452152Q53<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75195.73     | 0.09%             | 2026-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2016A3                                         | CUSIP: 709224RD3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     85000 | PA      | $86189.91     | 0.10%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                   | City of Portland, Series 2019A                                                          | CUSIP: 736742ZT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73260.00     | 0.09%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2018C                                                          | CUSIP: 29270C2F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128788.33    | 0.15%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series E-2017A                                                     | CUSIP: 93974DXC7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105817.38    | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | Los Angeles Department of Water & Power, Series 2025A                                   | CUSIP: 544525Y93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21183.86     | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                         | State of Tennessee, Series 2023A                                                        | CUSIP: 880541H42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $174816.14    | 0.21%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | New Mexico Finance Authority, Series 2025C                                              | CUSIP: 64711PTA8<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72925.39     | 0.09%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                              | North Texas Tollway Authority, Series 2025A                                             | CUSIP: 66285WT55<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     80000 | PA      | $84916.53     | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                    | County of Miami-Dade, Series 2025A                                                      | CUSIP: 59333FQ94<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    185000 | PA      | $186131.52    | 0.22%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                           | Canadian County Educational Facilities Authority, Series 2017                           | CUSIP: 135521CP5<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19852.69     | 0.02%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Lincoln NE Electric System Revenue                                 | City of Lincoln, Series 2018                                                            | CUSIP: 534272J59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35763.33     | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                        | City of Akron, Series 2022                                                              | CUSIP: 010056MM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25222.99     | 0.03%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2024A                                       | CUSIP: 92778VNV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $132711.96    | 0.16%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                         | City of Seattle, Series 2017C                                                           | CUSIP: 812643PU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108484.92    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                     | West Virginia Commissioner of Highways, Series 2017A                                    | CUSIP: 95649ACM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20650.84     | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2026B                                            | CUSIP: 09182TGX9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52771.65     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2025A                                                             | CUSIP: 677524ES5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     75000 | PA      | $80893.75     | 0.10%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                               | State of Kansas, Series 2018A                                                           | CUSIP: 485424SE6<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15534.86     | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                | Omaha Public Power District, Series 2018A                                               | CUSIP: 682001GE6<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52229.21     | 0.06%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2019B                                                         | CUSIP: 4521525K3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53141.59     | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                    | South Carolina Public Service Authority, Series 2025B                                   | CUSIP: 8371515Y1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57164.84     | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                            | California Community Choice Financing Authority, Series 2023G                           | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    210000 | PA      | $221573.48    | 0.26%             | 2054-11-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Minneapolis Special School District No. 1                                  | Minneapolis Special School District No. 1, Series 2022C                                 | CUSIP: 603792VN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74597.51     | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue      | State of Florida, Series 2019A                                                          | CUSIP: 343137EN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115979.81    | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                          | New Hampshire Municipal Bond Bank, Series 2025B                                         | CUSIP: 64465QTG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5470.88      | 0.01%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                      | City of San Antonio, Series 2015B                                                       | CUSIP: 79625GEA7<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10468.31     | 0.01%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2022C                                                      | CUSIP: 25477GVL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27451.80     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | Las Vegas Valley Water District, Series 2021A                                           | CUSIP: 517845LD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72041.14     | 0.09%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                    | Georgia Ports Authority, Series 2022                                                    | CUSIP: 373586HD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21869.24     | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                   | City of San Antonio, Series 2023A                                                       | CUSIP: 79642GPU0<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    190000 | PA      | $195335.18    | 0.23%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2024B                                                          | CUSIP: 29270C6D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $168586.02    | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2018B                                                      | CUSIP: 25476FWQ7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80329.74     | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                | Kentucky Turnpike Authority Economic Development Road, Series 2024A                     | CUSIP: 491552W50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80460.47     | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                         | Aldine Independent School District, Series 2024B                                        | CUSIP: 014393A85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78414.50     | 0.09%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2017-1                                                       | CUSIP: 97705MGR0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71890.07     | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                    | Permanent University Fund - University of Texas System, Series 2023                     | CUSIP: 8821177K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53643.54     | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | State of Georgia, Series 2018A                                                          | CUSIP: 373385CP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $100078.55    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                | State of Nevada, Series 2016                                                            | CUSIP: 641480HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40161.24     | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee Meadows Water Authority                                            | Truckee Meadows Water Authority, Series 2017                                            | CUSIP: 897825HF5<br>LEI: 549300GC367BYY1WT202 | Long             | DBT              | MUN               | US        |    155000 | PA      | $159382.89    | 0.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2023A                                                        | CUSIP: 546417FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27577.84     | 0.03%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                          | Cleveland County Educational Facilities Authority, Series 2021                          | CUSIP: 18604TEC8<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15338.03     | 0.02%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2017B2                                         | CUSIP: 709224XA2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35129.50     | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | Triborough Bridge & Tunnel Authority, Series 2023A                                      | CUSIP: 89602RHZ1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15619.39     | 0.02%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series A1                                                     | CUSIP: 196632ZA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15547.34     | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2025H1                             | CUSIP: 64972JSN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27409.91     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                           | Canadian County Education Facilities Authority, Series 2017                             | CUSIP: 135521CM2<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |    190000 | PA      | $191589.77    | 0.23%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                  | County of Anne Arundel, Series 2021                                                     | CUSIP: 03588HW77<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53565.64     | 0.06%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                          | City & County of Denver, Series 2023A                                                   | CUSIP: 249182TV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10932.24     | 0.01%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Harris County Regional Water Authority                               | County of North Harris, Series 2016                                                     | CUSIP: 65956NGS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81197.04     | 0.10%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2021                                                    | CUSIP: 658268EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26154.71     | 0.03%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                       | County of Miami-Dade, Series 2017B                                                      | CUSIP: 59334DKB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103353.01    | 0.12%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2023B1                             | CUSIP: 64971XZ84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15576.63     | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | City & County of Honolulu, Series D                                                     | CUSIP: 438687BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85904.52     | 0.10%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue           | Washington Metropolitan Area Transit Authority, Series 2020A                            | CUSIP: 93878YAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67054.68     | 0.08%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                           | City of Seattle, Series 2021                                                            | CUSIP: 812631PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107741.60    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2020D                                                     | CUSIP: 93974EHM1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60374.72     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2019A                                   | CUSIP: 5444956H2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15741.10     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                        | Los Angeles Unified School District, Series 2020C                                       | CUSIP: 544647CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54276.14     | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                           | Virginia Public School Authority, Series 2025B                                          | CUSIP: 92818HK34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115966.29    | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2020                                                       | CUSIP: 25483VWP5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72708.66     | 0.09%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                    | South Carolina Public Service Authority, Series 2025B                                   | CUSIP: 8371515X3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50803.92     | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                 | Pennsylvania Turnpike Commission, Series 2016A                                          | CUSIP: 709221UG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $142152.44    | 0.17%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | Port Authority of New York & New Jersey, Series 243                                     | CUSIP: 73358XKW1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22138.87     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                   | Arlington Independent School District, Series 2020                                      | CUSIP: 0418264S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57545.18     | 0.07%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                   | County of Mecklenburg, Series 2021                                                      | CUSIP: 584002XU8<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10895.14     | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                  | Michigan State University, Series 2023A                                                 | CUSIP: 594712XN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $93122.52     | 0.11%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2021                                              | CUSIP: 8828546S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $216602.98    | 0.26%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County Reorganized School District No. 7                           | Jackson County Reorganized School District No. 7, Series 2020                           | CUSIP: 467520XP2<br>LEI: 549300HKYX7HMV5CWZ34 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5174.79      | 0.01%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                        | Idaho Housing & Finance Association, Series 2021A                                       | CUSIP: 45129WPX2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10700.26     | 0.01%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                   | University of Washington, Series 2024A                                                  | CUSIP: 91523NYB6<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74805.65     | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund         | Ohio Water Development Authority, Series 2024D                                          | CUSIP: 67766WQ70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71581.29     | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2022B                                                        | CUSIP: 60412AYW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82207.42     | 0.10%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2022A                                                   | CUSIP: 65829QEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10715.06     | 0.01%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                               | Mississippi Development Bank, Series A                                                  | CUSIP: 60534WBZ0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50376.30     | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2018D                                   | CUSIP: 5444955R1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36576.57     | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Laredo TX                                                          | City of Laredo, Series 2025                                                             | CUSIP: 516824SU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91894.48     | 0.11%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                             | Washington Metropolitan Area Transit Authority, Series 2017A1                           | CUSIP: 938782ER6<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35959.21     | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                        | City of Houston, Series 2017                                                            | CUSIP: 442403RV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $193824.57    | 0.23%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                            | State of Alaska, Series 2025A                                                           | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70583.47     | 0.08%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2021A                                                         | CUSIP: 452153BQ1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126804.74    | 0.15%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2022B                                                        | CUSIP: 60412AYU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52854.50     | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | County of Clark, Series 2017                                                            | CUSIP: 180848SR5<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     85000 | PA      | $87496.71     | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | Las Vegas Valley Water District, Series 2022C                                           | CUSIP: 517845PG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57909.63     | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp. of Los Angeles                                 | Municipal Improvement Corp. of Los Angeles, Series 2016B                                | CUSIP: 544587G69<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126704.39    | 0.15%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2019C                                                      | CUSIP: 25477GPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55683.52     | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                   | University of Washington, Series 2025A                                                  | CUSIP: 91523NZS8<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    135000 | PA      | $141413.49    | 0.17%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2019                                                 | CUSIP: 45204EX37<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32078.06     | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                     | Lewisville Independent School District, Series 2020                                     | CUSIP: 52882PEC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $166524.29    | 0.20%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                      | County of Guilford, Series 2024                                                         | CUSIP: 401784T86<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22138.55     | 0.03%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | State of West Virginia, Series 2019A                                                    | CUSIP: 956553E98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26294.40     | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee Meadows Water Authority                                            | Truckee Meadows Water Authority, Series 2017                                            | CUSIP: 897825HD0<br>LEI: 549300GC367BYY1WT202 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123587.99    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                             | Florida Department of Environmental Protection, Series 2018A                            | CUSIP: 34160WB94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91350.66     | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2019E                                                 | CUSIP: 45506D5L5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81669.57     | 0.10%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | Illinois State Toll Highway Authority, Series 2019C                                     | CUSIP: 452252PF0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    110000 | PA      | $116790.21    | 0.14%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2020A                                                      | CUSIP: 25477GRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $94275.99     | 0.11%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2019B                                   | CUSIP: 5444957G3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62964.40     | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                        | Pennsylvania State University, Series B                                                 | CUSIP: 709235XS9<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60303.25     | 0.07%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 3 Puyallup                               | Pierce County School District No. 3, Series 2017                                        | CUSIP: 720390ZJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66916.85     | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                 | Metropolitan Water Reclamation District of Greater Chicago, Series 2021D                | CUSIP: 167560VX6<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10962.34     | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                          | CUSIP: 246419BL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $141478.08    | 0.17%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2017                                                 | CUSIP: 45204EXR4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216359.08    | 0.26%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2023E                                                        | CUSIP: 60412AJ46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71246.43     | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | Illinois State Toll Highway Authority, Series 2024A                                     | CUSIP: 452252QK8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21903.60     | 0.03%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                    | Great Lakes Water Authority, Series 2024A                                               | CUSIP: 39081JGT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $262881.31    | 0.31%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | Board of Regents of the University of Texas System, Series 2016D                        | CUSIP: 91514AEA9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100919.69    | 0.12%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                 | Denver City & County School District No. 1, Series 2018A                                | CUSIP: 249174WH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10480.38     | 0.01%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                      | County of Harris, Series 2021                                                           | CUSIP: 41423PBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158171.30    | 0.19%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                               | Mississippi Development Bank, Series 2024A                                              | CUSIP: 60534XWT9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54735.73     | 0.06%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Madison WI                                                         | City of Madison, Series 2025D                                                           | CUSIP: 55844RE42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50608.64     | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                      | City of San Antonio, Series 2019                                                        | CUSIP: 79625GBF9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    210000 | PA      | $215630.33    | 0.26%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | State of Georgia, Series 2017C                                                          | CUSIP: 373385BH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56704.49     | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | State of Delaware, Series 2019                                                          | CUSIP: 246381NF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10444.33     | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hurst-Euless-Bedford Independent School District                           | Hurst-Euless-Bedford Independent School District, Series 2024                           | CUSIP: 447819JV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $190891.80    | 0.23%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                       | Central Florida Expressway Authority, Series 2016B                                      | CUSIP: 153476BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85324.59     | 0.10%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                | Duval County Public Schools, Series 2022A                                               | CUSIP: 267169HD5<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |    285000 | PA      | $310176.59    | 0.37%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | State of Maryland, Series 2019-1                                                        | CUSIP: 574193RD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20961.39     | 0.02%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                 | Pennsylvania Turnpike Commission, Series 2016A                                          | CUSIP: 709221UF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25396.14     | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                            | California Community Choice Financing Authority, Series 2022A1                          | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121462.97    | 0.14%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County College District                                            | Tarrant County College District, Series 2020                                            | CUSIP: 87638KBW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77509.84     | 0.09%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | State of West Virginia, Series 2019A                                                    | CUSIP: 956553F48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96467.66     | 0.11%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                     | County of Clark, Series 2024B                                                           | CUSIP: 18085PTA2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10734.20     | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | Las Vegas Valley Water District, Series 2021A                                           | CUSIP: 517845LF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10734.77     | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2022C                                                     | CUSIP: 93974EVW3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106950.98    | 0.13%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 412 Shoreline                              | King County School District No. 412, Series 2021A                                       | CUSIP: 495242P45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76750.19     | 0.09%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lincoln NE Electric System Revenue                                 | City of Lincoln Electric System, Series 2018                                            | CUSIP: 534272J42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90904.26     | 0.11%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                          | City of Dallas, Series 2019A                                                            | CUSIP: 235219PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $100935.37    | 0.12%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 401 Highline                               | King County School District No. 401, Series 2017                                        | CUSIP: 495033EG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60939.85     | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | District of Columbia, Series 2024A                                                      | CUSIP: 254845TN0<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    280000 | PA      | $296556.60    | 0.35%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                       | Northern California Energy Authority, Series 2024                                       | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47926.54     | 0.06%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue           | Washington Metropolitan Area Transit Authority, Series 2021A                            | CUSIP: 93878YBD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $76108.94     | 0.09%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2017C                                                             | CUSIP: 677523AK8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10566.00     | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                 | Virginia Commonwealth Transportation Board, Series 2024                                 | CUSIP: 927793X95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179874.64    | 0.21%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                         | City of Houston, Series 2017A                                                           | CUSIP: 442331U44<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81715.09     | 0.10%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                             | Sales Tax Securitization Corp., Series 2021A                                            | CUSIP: 79467BEE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52722.17     | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                            | Indianapolis Local Public Improvement Bond Bank, Series 2019A                           | CUSIP: 45528UYT2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    105000 | PA      | $109258.37    | 0.13%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2024-1                                             | CUSIP: 70914P3G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20547.03     | 0.02%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | City & County of Honolulu, Series 2019A                                                 | CUSIP: 438687GM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116115.80    | 0.14%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | Board of Regents of the University of Texas System, Series 2020C                        | CUSIP: 91514AKA2<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    110000 | PA      | $116225.75    | 0.14%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                 | Intermountain Power Agency, Series 2023A                                                | CUSIP: 45884AE33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10699.69     | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                              | Main Street Natural Gas, Inc., Series 2023C                                             | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210266.96    | 0.25%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2019A                                                        | CUSIP: 546417CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15969.28     | 0.02%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2021A                                                        | CUSIP: 60412AWG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10352.32     | 0.01%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                             | Empire State Development Corp., Series 2023B                                            | CUSIP: 650036GZ3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10910.41     | 0.01%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | Metropolitan Government of Nashville & Davidson County, Series 2024A                    | CUSIP: 592112XH4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54200.02     | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                         | Southeastern Pennsylvania Transportation Authority, Series 2017                         | CUSIP: 842039DW6<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35842.53     | 0.04%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2023-1                                         | CUSIP: 709225GS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    115000 | PA      | $125540.43    | 0.15%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                             | American Municipal Power, Inc., Series 2017A                                            | CUSIP: 02765UNQ3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41715.05     | 0.05%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                    | Maryland State Transportation Authority, Series 2024A                                   | CUSIP: 574300PE3<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10747.46     | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                            | State of Nevada, Series 2019A                                                           | CUSIP: 641462FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32145.19     | 0.04%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Registration Fee Revenue                  | Pennsylvania Turnpike Commission, Series 2005A                                          | CUSIP: 709222EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26443.24     | 0.03%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                      | Fort Bend Independent School District, Series 2019B                                     | CUSIP: 346843PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $172511.91    | 0.20%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2006                                                          | CUSIP: 452151YE7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48976.13     | 0.06%             | 2030-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp. for Pickens School District             | SCAGO Educational Facilities Corp. for Pickens School District, Series 2025             | CUSIP: 80585TCT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16391.38     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2017-3                                         | CUSIP: 709224B81<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56992.14     | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                            | State of Nevada, Series 2023A                                                           | CUSIP: 641462RV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71876.78     | 0.09%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series D                                                          | CUSIP: 25476FSQ2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155638.88    | 0.18%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                           | Canadian County Educational Facilities Authority, Series 2017                           | CUSIP: 135521CN0<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |    155000 | PA      | $156412.93    | 0.19%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 10 Tacoma                                | Pierce County School District No. 10, Series 2024                                       | CUSIP: 720424E22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72768.07     | 0.09%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                | New Jersey Educational Facilities Authority, Series 2016B                               | CUSIP: 646066SG6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65281.31     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series 2025A                                                       | CUSIP: 93974E2K1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27383.15     | 0.03%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                    | City of Jacksonville, Series 2023B                                                      | CUSIP: 469487VG4<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50628.89     | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                      | Fort Bend Independent School District, Series 2018                                      | CUSIP: 346843NC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56581.00     | 0.07%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2022C1                                           | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    170000 | PA      | $178342.22    | 0.21%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | State of Hawaii, Series FG                                                              | CUSIP: 419792LH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131655.26    | 0.16%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2022A                                          | CUSIP: 709225FE1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27394.39     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                        | State of New Mexico, Series 2021                                                        | CUSIP: 647293SL4<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26188.26     | 0.03%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2017B                                                   | CUSIP: 65829QCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15401.03     | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                    | City of Phoenix Civic Improvement Corp., Series 2016                                    | CUSIP: 71883RPD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20127.11     | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                         | City of Seattle, Series 2021A                                                           | CUSIP: 812627KD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52077.22     | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                           | Hillsborough County School Board, Series 2020A                                          | CUSIP: 43232VVB4<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10271.74     | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                           | University of North Texas System, Series 2017A                                          | CUSIP: 914729RT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15346.27     | 0.02%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | Metropolitan Transportation Authority, Series 2024A                                     | CUSIP: 59261AY43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38391.70     | 0.05%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                             | Texas Public Finance Authority, Series 2019                                             | CUSIP: 882669BE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95304.89     | 0.11%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                              | State of Florida, Series 2018                                                           | CUSIP: 34160KAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $168230.78    | 0.20%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                             | Florida Municipal Power Agency, Series 2017A                                            | CUSIP: 342816N92<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    160000 | PA      | $161821.41    | 0.19%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | State of Maryland, Series 2017                                                          | CUSIP: 574204H63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31048.45     | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                         | Tennessee Energy Acquisition Corp., Series 2023A1                                       | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    185000 | PA      | $190820.06    | 0.23%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2016                                                          | CUSIP: 452152D65<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100024.83    | 0.12%             | 2029-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                    | County of Montgomery, Series 2019A                                                      | CUSIP: 61334PBC6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76162.97     | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | State of Florida, Series 2023A                                                          | CUSIP: 34153QWY8<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61791.64     | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund         | Ohio Water Development Authority, Series 2023C                                          | CUSIP: 67766WL91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27531.27     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                 | Denver City & County School District No. 1, Series 2025B                                | CUSIP: 249174ZG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76261.49     | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2016                                                          | CUSIP: 452152G88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61080.92     | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                  | New Jersey Economic Development Authority, Series 2019LLL                               | CUSIP: 64577B7D0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53513.59     | 0.06%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | Florida State of Education, Series 2024B                                                | CUSIP: 34153QXW1<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     75000 | PA      | $78964.43     | 0.09%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gilbert Water Resource Municipal Property Corp.                            | Gilbert Water Resource Municipal Property Corp., Series 2022                            | CUSIP: 37530ABR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10554.36     | 0.01%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2025B                                                         | CUSIP: 452153NP0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16084.49     | 0.02%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                       | County of Fairfax, Series 2021A                                                         | CUSIP: 30382AKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130999.45    | 0.16%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | Board of Regents of the University of Texas System, Series 2024A                        | CUSIP: 91514ALK9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70643.78     | 0.08%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                 | Intermountain Power Agency, Series 2023A                                                | CUSIP: 45884AD83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100622.00    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                          | Michigan State Building Authority, Series 2016I                                         | CUSIP: 594615FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20243.98     | 0.02%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                      | County of Hamilton, Series 2018A                                                        | CUSIP: 4073246P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26203.85     | 0.03%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2022A                                                  | CUSIP: 1966322Z5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16516.57     | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                   | County of Mecklenburg, Series 2025B                                                     | CUSIP: 584002A33<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21354.28     | 0.03%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No. 210-Phoenix                 | Maricopa County High School District No. 210, Series 2024A                              | CUSIP: 567505RT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90568.92     | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | State of Mississippi, Series 2016B                                                      | CUSIP: 605581HZ3<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101673.30    | 0.12%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnson KS                                                       | County of Johnson, Series 2018A                                                         | CUSIP: 47844PKP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77566.85     | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | Metropolitan Transportation Authority, Series 2016D                                     | CUSIP: 59261AJM0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121531.40    | 0.14%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | State of Georgia, Series 2022C                                                          | CUSIP: 373385LR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75294.53     | 0.09%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                        | City of Akron, Series 2022                                                              | CUSIP: 010056MP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15496.92     | 0.02%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                             | Sales Tax Securitization Corp., Series 2017A                                            | CUSIP: 79467BAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72434.87     | 0.09%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                          | City of Austin, Series 2024                                                             | CUSIP: 052397Q33<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141472.21    | 0.17%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Special Health Care District                               | Maricopa County Special Health Care District, Series 2018C                              | CUSIP: 56756TAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36676.77     | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | State of Mississippi, Series 2016B                                                      | CUSIP: 605581HU4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106756.97    | 0.13%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | Florida State of Education, Series 2021A                                                | CUSIP: 34153QUN4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     80000 | PA      | $87454.26     | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | State of West Virginia, Series 2018B                                                    | CUSIP: 956553ZZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15430.38     | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                          | Michigan State Building Authority, Series 2020I                                         | CUSIP: 594615HJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82304.46     | 0.10%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2023B                                                      | CUSIP: 25476FA99<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56615.97     | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | Port Authority of New York & New Jersey, Series 205                                     | CUSIP: 73358WM84<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10369.92     | 0.01%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                             | Washington Metropolitan Area Transit Authority, Series A1                               | CUSIP: 938782EN5<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60373.20     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No. 81 Spokane                              | Spokane County School District No. 81 Spokane, Series 2021                              | CUSIP: 848712RL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217521.99    | 0.26%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2025A                                                | CUSIP: 45204FA54<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32939.36     | 0.04%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission                                            | Texas Transportation Commission, Series 2024                                            | CUSIP: 882830BM3<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    215000 | PA      | $220399.66    | 0.26%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Insurance Assistance Interlocal Agency, Inc.                       | Florida Insurance Assistance Interlocal Agency, Inc., Series 2023A1                     | CUSIP: 34074EAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156401.98    | 0.19%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | County of Clark, Series 2018B                                                           | CUSIP: 180848XW8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79472.28     | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                        | State of Illinois, Series 2021C                                                         | CUSIP: 452227SD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21367.95     | 0.03%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2022A                                                   | CUSIP: 65829QEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54528.71     | 0.06%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                        | County of Howard, Series 2017D                                                          | CUSIP: 44256PKP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26130.32     | 0.03%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | City of Columbus, Series 2018A                                                          | CUSIP: 199492WA3<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26436.54     | 0.03%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Independent School District No. 89 Oklahoma City           | Oklahoma County Independent School District No. 89 Oklahoma City, Series 2023A          | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150146.34    | 0.18%             | 2026-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                         | Conroe Independent School District, Series 2024                                         | CUSIP: 2084184G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156941.40    | 0.19%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                    | City of Philadelphia, Series 2019B                                                      | CUSIP: 717813XB0<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81555.46     | 0.10%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System Revenue                | Tarrant Regional Water District, Series 2024                                            | CUSIP: 876443VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54154.19     | 0.06%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County Reorganized School District No. 7                           | Jackson County Reorganized School District No. 7, Series 2020                           | CUSIP: 467520XQ0<br>LEI: 549300HKYX7HMV5CWZ34 | Long             | DBT              | MUN               | US        |    115000 | PA      | $119094.30    | 0.14%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                     | County of Clark, Series 2024A                                                           | CUSIP: 18085PTC8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    180000 | PA      | $181082.70    | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                    | County of Montgomery, Series 2024B                                                      | CUSIP: 61334PGY3<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20867.32     | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                               | Metropolitan Atlanta Rapid Transit Authority, Series 2007A                              | CUSIP: 591745B86<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26532.14     | 0.03%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                   | University of California, Series 2025CD                                                 | CUSIP: 91412HWB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218486.24    | 0.26%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2018B                                                      | CUSIP: 20772KBR9<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205169.90    | 0.24%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2022A                                                          | CUSIP: 29270C4M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90550.69     | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District/GA                                          | Douglas County School District, Series 2025                                             | CUSIP: 259030RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $136305.77    | 0.16%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue    | Metropolitan Transit Authority of Harris County, Series 2016A                           | CUSIP: 41422EFT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30398.56     | 0.04%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2016C                                                 | CUSIP: 45470RCW4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     70000 | PA      | $73534.99     | 0.09%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | State of Georgia, Series 2016E                                                          | CUSIP: 3733846V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55910.39     | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2025D                                                     | CUSIP: 93974FAB9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126041.91    | 0.15%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                           | Kentucky Public Energy Authority, Series 2022A1                                         | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    210000 | PA      | $212328.29    | 0.25%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                        | Colorado Bridge & Tunnel Enterprise, Series 2024B                                       | CUSIP: 19633WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10640.76     | 0.01%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2024-1                                                       | CUSIP: 97705MJ30<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     70000 | PA      | $75065.69     | 0.09%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                       | Missouri Joint Municipal Electric Utility Commission, Series 2025                       | CUSIP: 606092QA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $142747.08    | 0.17%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2021-1                                                | CUSIP: 45505MJL1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    300000 | PA      | $327581.37    | 0.39%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | Salt River Project Agricultural Improvement & Power District, Series 2020A              | CUSIP: 79574CEM1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20863.77     | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2021A                                                          | CUSIP: 29270C4E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95581.29     | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                            | State of Nevada, Series 2025A                                                           | CUSIP: 641462WJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $187318.57    | 0.22%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2019                                                    | CUSIP: 658268EA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $176126.92    | 0.21%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2021B                                                         | CUSIP: 452153BC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     95000 | PA      | $96882.18     | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | Los Angeles Department of Water & Power, Series 2018A                                   | CUSIP: 544525WT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10352.77     | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                               | Metropolitan Atlanta Rapid Transit Authority, Series 2023B                              | CUSIP: 591746AV4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71157.18     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                   | Lancaster Port Authority, Series 2024A                                                  | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157862.19    | 0.19%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority, Series 2025G1                             | CUSIP: 64972JQN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27409.91     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                          | State of Colorado, Series 2020A                                                         | CUSIP: 196711SA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27446.10     | 0.03%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2023A                                                             | CUSIP: 677523GM8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120581.40    | 0.14%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2017-3                                                       | CUSIP: 97705MKQ7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20518.17     | 0.02%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2021-1                                                | CUSIP: 45505MJK3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161329.49    | 0.19%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | Metropolitan Transportation Authority, Series 2016D                                     | CUSIP: 59261AJQ1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85983.52     | 0.10%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue           | Washington Metropolitan Area Transit Authority, Series 2021A                            | CUSIP: 93878YBB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73653.42     | 0.09%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | County of King, Series 2016B                                                            | CUSIP: 4952894E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $216348.18    | 0.26%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                             | Lower Colorado River Authority, Series 2023A                                            | CUSIP: 54811BF55<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    185000 | PA      | $197186.91    | 0.23%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC Combined Enterprise System Revenue                      | City of Raleigh, Series 2023                                                            | CUSIP: 751100MW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10585.50     | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2021                                                    | CUSIP: 658268ER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33030.48     | 0.04%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2016A                                                          | CUSIP: 29270CQ73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85533.75     | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2016                                                          | CUSIP: 452152H38<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65476.15     | 0.08%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2017B                                                        | CUSIP: 546417BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10359.08     | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | Illinois State Toll Highway Authority, Series 2019B                                     | CUSIP: 452252NU9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36505.46     | 0.04%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                        | City of St. Louis Airport, Series 2005                                                  | CUSIP: 791638VJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33208.07     | 0.04%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series 2021B                                                             | CUSIP: 6775227X6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120653.27    | 0.14%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                          | CUSIP: 246419BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10560.90     | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                               | Metropolitan Atlanta Rapid Transit Authority, Series 2024B                              | CUSIP: 591746BF8<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65683.55     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2018A                                                         | CUSIP: 4521522N0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62689.22     | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2024A                                   | CUSIP: 544532JX3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    110000 | PA      | $113127.63    | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                               | State of Kansas, Series 2025A                                                           | CUSIP: 485424TQ8<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82185.10     | 0.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                          | Southeast Energy Authority A Cooperative District, Series 2022B1                        | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    105000 | PA      | $108782.85    | 0.13%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                              | Texas State University System, Series 2017A                                             | CUSIP: 88278PYJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $112386.14    | 0.13%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                | Connecticut State Health & Educational Facilities Authority, Series 2025B1              | CUSIP: 20775DZS4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54375.09     | 0.06%             | 2064-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                               | County of DeKalb, Series 2006B                                                          | CUSIP: 240523UJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10138.63     | 0.01%             | 2026-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                    | City of Phoenix Civic Improvement Corp., Series 2017D                                   | CUSIP: 71883MMM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10307.58     | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission                                            | Texas Transportation Commission, Series 2024                                            | CUSIP: 882830BN1<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68167.18     | 0.08%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                          | City of Dallas, Series 2017                                                             | CUSIP: 235219MX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $112228.31    | 0.13%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                    | City of Phoenix Civic Improvement Corp., Series 2017D                                   | CUSIP: 71883MMK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75453.02     | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                         | Rhode Island Health and Educational Building Corp., Series 2017A                        | CUSIP: 762197VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61815.83     | 0.07%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus GA                                                        | City of Columbus, Series 2022                                                           | CUSIP: 199108GM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106997.40    | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2020B                                                        | CUSIP: 97705MTU9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117644.59    | 0.14%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | Commonwealth of Massachusetts, Series 2019E                                             | CUSIP: 57582RYL4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30063.13     | 0.04%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                             | Lamar Consolidated Independent School District, Series 2024A                            | CUSIP: 513174Q88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $127882.80    | 0.15%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue         | Trinity River Authority, Series 2018                                                    | CUSIP: 89658HVZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105229.71    | 0.12%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2017C                                                 | CUSIP: 45506DJ48<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72964.15     | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2025B                                                  | CUSIP: 1966328H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38538.66     | 0.05%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                      | Louisiana Public Facilities Authority, Series 2016A                                     | CUSIP: 5463986E3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10144.21     | 0.01%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                  | City of Atlanta, Series 2020A                                                           | CUSIP: 04780MXA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68469.08     | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                          | Long Beach Bond Finance Authority, Series 2007A                                         | CUSIP: 54241AAW3<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108947.62    | 0.13%             | 2030-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                  | City of Houston, Series 2018D                                                           | CUSIP: 442349CT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52567.53     | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | State of Maryland, Series 2024A1                                                        | CUSIP: 574193WH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16096.94     | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | State of Wisconsin, Series 2017-2                                                       | CUSIP: 977123U55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $118144.95    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series 2022D                                                       | CUSIP: 93974EWQ5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    120000 | PA      | $125222.34    | 0.15%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                            | State of Louisiana, Series 2025B                                                        | CUSIP: 546475XC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10507.86     | 0.01%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2018B                                              | CUSIP: 181059A97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10515.54     | 0.01%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                              | State of Utah, Series 2017                                                              | CUSIP: 917542UK6<br>LEI: 254900RWV9NSVUZONC07 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85533.00     | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | City & County of Honolulu, Series 2025F                                                 | CUSIP: 438687Q57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $147607.21    | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV Passenger Facility Charge Revenue                       | County of Clark, Series 2019E                                                           | CUSIP: 181006HK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60360.90     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trust for Cultural Resources of The City of New York (The)                 | Trust for Cultural Resources of The City of New York (The), Series 2016E1               | CUSIP: 649717TA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15120.64     | 0.02%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | Board of Regents of the University of Texas System, Series 2025A                        | CUSIP: 91514AMS1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141287.57    | 0.17%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                   | Arizona Board of Regents, Series 2025A                                                  | CUSIP: 040484F93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107032.64    | 0.13%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                     | City of San Antonio, Series 2019                                                        | CUSIP: 79623PCU7<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56826.37     | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | Commonwealth of Massachusetts, Series 2017E                                             | CUSIP: 57582RQX7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20797.36     | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                       | City of Colorado Springs, Series 2025B                                                  | CUSIP: 1966328E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20803.10     | 0.02%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                             | Sales Tax Securitization Corp., Series 2017A                                            | CUSIP: 79467BAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66114.46     | 0.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                              | State of Florida, Series 2018                                                           | CUSIP: 34160KAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52547.26     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | Metropolitan Government of Nashville & Davidson County, Series 2022A                    | CUSIP: 592112VN3<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    160000 | PA      | $164098.46    | 0.19%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | County of Clark, Series 2018A                                                           | CUSIP: 180848WX7<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42085.03     | 0.05%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                          | San Diego Unified School District, Series 2022F2                                        | CUSIP: 797356FK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59884.23     | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2019A                                                      | CUSIP: 25476FXD5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141872.19    | 0.17%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hurst-Euless-Bedford Independent School District                           | Hurst-Euless-Bedford Independent School District, Series 2024                           | CUSIP: 447819JT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65578.57     | 0.08%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2019A                                                 | CUSIP: 45506DV77<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61252.18     | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue           | Washington Metropolitan Area Transit Authority, Series 2021A                            | CUSIP: 93878YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176258.39    | 0.21%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | City & County of Honolulu, Series 2021E                                                 | CUSIP: 438687TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92089.54     | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Independent School District                                   | Ector County Independent School District, Series 2024A                                  | CUSIP: 279263RK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $227011.16    | 0.27%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2019                                                 | CUSIP: 45204EW38<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140884.98    | 0.17%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | State of Mississippi, Series 2017A                                                      | CUSIP: 605581JM0<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    130000 | PA      | $134557.22    | 0.16%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                       | Central Florida Expressway Authority, Series 2021                                       | CUSIP: 153476GK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181087.25    | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2016E                                                      | CUSIP: 20772J3W0<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25317.80     | 0.03%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                | Kentucky Turnpike Authority, Series 2024A                                               | CUSIP: 491552W68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27250.39     | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue   | City of Indianapolis, Series 2016B                                                      | CUSIP: 455412AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75867.14     | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                       | School Board of Broward County, Series 2016A                                            | CUSIP: 115065ZA5<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    235000 | PA      | $236406.40    | 0.28%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2018B                                              | CUSIP: 181059B21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58072.64     | 0.07%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2025A                                                          | CUSIP: 29270C6W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61818.40     | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                           | Florida State of Education, Series 2016B                                                | CUSIP: 341507Q87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100624.53    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chattanooga TN Electric Revenue                                    | City of Chattanooga, Series 2025                                                        | CUSIP: 162393GS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10573.43     | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2024C                                                      | CUSIP: 25476FH43<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     90000 | PA      | $91513.19     | 0.11%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                          | Michigan State Building Authority, Series 2020I                                         | CUSIP: 594615HF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $99653.67     | 0.12%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2018A                                   | CUSIP: 5444954G6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    160000 | PA      | $165684.21    | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County School District R-1                                       | Jefferson County School District R-1, Series 2018                                       | CUSIP: 472736X51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15913.53     | 0.02%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia, Series 2019C                                                      | CUSIP: 25477GPZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80844.24     | 0.10%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | State of Maryland, Series 2022B                                                         | CUSIP: 574204U92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113809.61    | 0.13%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                             | Lower Colorado River Authority, Series 2019                                             | CUSIP: 54811BSN2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69181.61     | 0.08%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                             | Central Puget Sound Regional Transit Authority, Series 2021S1                           | CUSIP: 155048DU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $173237.44    | 0.21%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2019A                                                      | CUSIP: 25476FXG8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     95000 | PA      | $101597.68    | 0.12%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2024B                                                         | CUSIP: 452153LP2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21474.23     | 0.03%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC                                                         | City of Raleigh, Series 2024                                                            | CUSIP: 751120FX9<br>LEI: 549300I7RPBIIRI16112 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16439.56     | 0.02%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | California State Public Works Board, Series 2021B                                       | CUSIP: 13068XBE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16086.43     | 0.02%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | State of Hawaii, Series FN                                                              | CUSIP: 419792SJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82806.77     | 0.10%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                    | Washington Suburban Sanitary Commission, Series 2017                                    | CUSIP: 940157P79<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15436.26     | 0.02%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                  | City of Houston, Series 2018B                                                           | CUSIP: 442349BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $221298.25    | 0.26%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                           | City of Seattle, Series 2022                                                            | CUSIP: 812631QW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56937.75     | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2023                                                         | CUSIP: 54641CBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10919.22     | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho State Building Authority                                             | Idaho State Building Authority, Series 2024A                                            | CUSIP: 451446AE8<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |    190000 | PA      | $204020.50    | 0.24%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenville County School District                                          | Greenville County School District, Series 2023                                          | CUSIP: 396066JF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36424.27     | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2018A                                                   | CUSIP: 6582563N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10531.19     | 0.01%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                   | Arizona Board of Regents, Series 2016                                                   | CUSIP: 040484NP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95378.38     | 0.11%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2025E                                            | CUSIP: 09182TFV4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155614.79    | 0.18%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                      | University of Houston, Series 2022A                                                     | CUSIP: 914302JW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93809.82     | 0.11%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                      | Fort Bend Independent School District, Series 2019B                                     | CUSIP: 346843PT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $88516.99     | 0.10%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                          | CUSIP: 246428J98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $216083.80    | 0.26%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | District of Columbia, Series 2024A                                                      | CUSIP: 254845TL4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81018.22     | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                       | County of Miami-Dade, Series 2021                                                       | CUSIP: 59334DMV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95209.61     | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                        | Los Angeles Unified School District, Series 2016B                                       | CUSIP: 5446464V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130880.10    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Building Commission                                           | CUSIP: 49151FYZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41888.08     | 0.05%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2024D                                      | CUSIP: 1675936J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10405.47     | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                         | Virginia Public Building Authority, Series 2021A1                                       | CUSIP: 9281727V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134548.65    | 0.16%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                     | Hampton Roads Transportation Accountability Commission, Series 2023A                    | CUSIP: 409328BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25744.85     | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Auburn School District No. 408 of King & Pierce Counties                   | Auburn School District No. 408 of King & Pierce Counties, Series 2018                   | CUSIP: 494619EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25476.04     | 0.03%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2020                                                       | CUSIP: 25483VWN0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106695.25    | 0.13%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                    | City of Jacksonville, Series 2022A                                                      | CUSIP: 469487TB8<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75943.34     | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                   | University of California, Series 2018                                                   | CUSIP: 91412HAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20664.34     | 0.02%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | Wisconsin Department of Transportation, Series 2017-2                                   | CUSIP: 977123T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120761.59    | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | County of King, Series 2018B                                                            | CUSIP: 495290AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77319.91     | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                          | City of Charlotte, Series 2018                                                          | CUSIP: 161045NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10535.64     | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                     | West Virginia Commissioner of Highways, Series 2017A                                    | CUSIP: 95649ACN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $165100.82    | 0.20%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Power Generation Agency                                             | Public Power Generation Agency, Series 2024A                                            | CUSIP: 744434FB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48446.22     | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                | Omaha Public Power District, Series 2025A                                               | CUSIP: 682001NR9<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27564.73     | 0.03%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2024B                                                          | CUSIP: 29270C6B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100611.88    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                             | Washington Metropolitan Area Transit Authority, Series 2017B                            | CUSIP: 938782FH7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25719.26     | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                         | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021                         | CUSIP: 88256HBE7<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157387.79    | 0.19%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                 | City of Austin, Series 2023                                                             | CUSIP: 052414VA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52918.23     | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Building Commission                                           | CUSIP: 49151FTD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $107400.32    | 0.13%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2022D                                                      | CUSIP: 20772KRU5<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60350.88     | 0.07%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2023-1                                             | CUSIP: 70914P2D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109361.98    | 0.13%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                   | City of Portland, Series 2023A                                                          | CUSIP: 736742E52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20834.22     | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2018A2                                         | CUSIP: 709224J34<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31792.64     | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL                                                     | County of Jefferson, Series 2017                                                        | CUSIP: 472628QU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60626.66     | 0.07%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Trustees of the University of Illinois (The)                      | Board of Trustees of the University of Illinois (The), Series 2021A                     | CUSIP: 9143535M5<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61458.29     | 0.07%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                    | Dallas Fort Worth International Airport, Series 2020B                                   | CUSIP: 2350365V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58235.45     | 0.07%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | City of Columbus, Series 2021A                                                          | CUSIP: 199492H44<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26758.88     | 0.03%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                               | Metropolitan Atlanta Rapid Transit Authority, Series 2015C                              | CUSIP: 591745X58<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65405.78     | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma (The)                                               | University of Oklahoma (The), Series 2025A                                              | CUSIP: 91476PE46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32564.88     | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                     | Iowa Finance Authority, Series 2017                                                     | CUSIP: 46246K4B5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10334.74     | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                        | City of Austin, Series 2016                                                             | CUSIP: 052477M78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15217.03     | 0.02%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                   | County of Mecklenburg, Series 2019                                                      | CUSIP: 584002WX3<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |    190000 | PA      | $198954.21    | 0.24%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County             | Sports & Exhibition Authority of Pittsburgh & Allegheny County, Series 2020             | CUSIP: 724799BS9<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16014.06     | 0.02%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No. 500 Kansas City               | Wyandotte County Unified School District No. 500, Series A                              | CUSIP: 982696QX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65448.60     | 0.08%             | 2037-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                             | Black Belt Energy Gas District, Series 2023B                                            | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    175000 | PA      | $186784.45    | 0.22%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                         | Southeastern Pennsylvania Transportation Authority, Series 2022                         | CUSIP: 842039EX3<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |    255000 | PA      | $262105.09    | 0.31%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                  | City of Houston, Series 2018B                                                           | CUSIP: 442349BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $125922.72    | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2023-1                                             | CUSIP: 70914P2Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43744.79     | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | State of Hawaii, Series 2018FT                                                          | CUSIP: 419792WH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26056.63     | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | State of Hawaii, Series 2018FT                                                          | CUSIP: 419792WG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10433.64     | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2023A                                   | CUSIP: 544532GM0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10622.45     | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hurst-Euless-Bedford Independent School District                           | Hurst-Euless-Bedford Independent School District, Series 2024                           | CUSIP: 447819JU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59099.55     | 0.07%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecos Barstow Toyah Independent School District                            | Pecos Barstow Toyah Independent School District, Series 2023                            | CUSIP: 705227HE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78089.27     | 0.09%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                     | Lewisville Independent School District, Series 2020                                     | CUSIP: 52882PEF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $156050.71    | 0.19%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                          | City of Charlotte, Series 2022A                                                         | CUSIP: 161045RJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $209903.95    | 0.25%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp. of Los Angeles                                 | Municipal Improvement Corp. of Los Angeles, Series 2016B                                | CUSIP: 544587G51<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76096.35     | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | New Mexico Finance Authority, Series 2018A                                              | CUSIP: 64711RMC7<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     80000 | PA      | $84267.05     | 0.10%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                          | Southeast Energy Authority A Cooperative District, Series 2025E                         | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    175000 | PA      | $185686.94    | 0.22%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                      | City of Chicago, Series 2024A                                                           | CUSIP: 167736Y27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $165454.73    | 0.20%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2024                                                          | CUSIP: 452153KL2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81448.93     | 0.10%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series T                                                                 | CUSIP: 677522RB2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72746.36     | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                | Omaha Public Power District, Series 2019A                                               | CUSIP: 682001GR7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10592.15     | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                             | Lower Colorado River Authority, Series 2025A                                            | CUSIP: 54811GQ37<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    175000 | PA      | $179619.30    | 0.21%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebo School District                                                       | Nebo School District, Series 2022                                                       | CUSIP: 639557XL6<br>LEI: 549300QJS89I60PFG061 | Long             | DBT              | MUN               | US        |     80000 | PA      | $82484.58     | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cabarrus NC                                                      | County of Cabarrus, Series 2024A                                                        | CUSIP: 12677RDX2<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10761.24     | 0.01%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                           | State of New Mexico, Series 2021A                                                       | CUSIP: 6473103U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87207.95     | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                         | City of Philadelphia, Series 2019B                                                      | CUSIP: 717893N31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15545.56     | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2019C                                       | CUSIP: 92778VHW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47023.43     | 0.06%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | Board of Regents of the University of Texas System, Series 2014B                        | CUSIP: 91514ABL8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    180000 | PA      | $181655.44    | 0.22%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | District of Columbia, Series 2021D                                                      | CUSIP: 25476FYC6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81033.42     | 0.10%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2022A                                                        | CUSIP: 60412AYA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $147973.35    | 0.18%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                 | Denver City & County School District No. 1, Series 2017                                 | CUSIP: 249174VF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86359.82     | 0.10%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas County Utility & Reclamation District                               | Dallas County Utility & Reclamation District, Series 2016                               | CUSIP: 234839PK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35694.02     | 0.04%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                | Alabama Public School and College Authority, Series 2020A                               | CUSIP: 010609FH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32385.85     | 0.04%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No. 210-Phoenix                 | Maricopa County Union High School District No. 210, Series 2025B                        | CUSIP: 567505SP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27357.61     | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                  | City of Houston, Series 2023B                                                           | CUSIP: 442349HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $94581.22     | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                         | City of Houston, Series 2017B                                                           | CUSIP: 44244CMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $111660.23    | 0.13%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                  | Ohio Turnpike & Infrastructure Commission, Series 2022A                                 | CUSIP: 67760HNT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16489.57     | 0.02%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                         | City of Houston, Series 2017A                                                           | CUSIP: 442331U69<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    115000 | PA      | $117243.51    | 0.14%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                         | Dallas Independent School District, Series 2021A                                        | CUSIP: 235308C92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $99396.22     | 0.12%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                          | Philadelphia Authority for Industrial Development, Series 2019                          | CUSIP: 71781QFD5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161168.51    | 0.19%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | New York City Transitional Finance Authority, Series 2019S3A                            | CUSIP: 64972HX72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10565.81     | 0.01%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2025D                                      | CUSIP: 167591BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16371.23     | 0.02%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Water System Revenue                                    | City of Seattle, Series 2025                                                            | CUSIP: 812728ZL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128419.19    | 0.15%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | Austin Independent School District, Series 2021                                         | CUSIP: 052430SM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $103892.98    | 0.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                          | CUSIP: 246428J80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72217.85     | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pueblo School District No. 60                                              | Pueblo School District No. 60, Series 2020                                              | CUSIP: 744873GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162265.34    | 0.19%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | County of Wake, Series 2021                                                             | CUSIP: 930876FC6<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54378.43     | 0.06%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho State Building Authority                                             | Idaho State Building Authority, Series 2024A                                            | CUSIP: 451446AF5<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |    135000 | PA      | $147311.38    | 0.17%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                  | North East Independent School District, Series 2025                                     | CUSIP: 659155QM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196625.38    | 0.23%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2022B                                                         | CUSIP: 452153DZ9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117201.27    | 0.14%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2025B                                                      | CUSIP: 20772KB81<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15603.15     | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | State of Florida, Series 2017B                                                          | CUSIP: 34153QKQ8<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25680.80     | 0.03%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                          | South Carolina Transportation Infrastructure Bank, Series 2021B                         | CUSIP: 837152WB9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60346.82     | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                      | City of Chicago, Series 2024A                                                           | CUSIP: 167736Y35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10815.19     | 0.01%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2024A                                             | CUSIP: 88285AEY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $159050.49    | 0.19%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2021A                                                         | CUSIP: 452153BR9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     90000 | PA      | $93123.12     | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | State of Ohio, Series U                                                                 | CUSIP: 677522RN6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31528.58     | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                              | North Texas Tollway Authority, Series 2021B                                             | CUSIP: 66285WF43<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38195.65     | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                              | Kentucky State Property & Building Commission, Series 2024B                             | CUSIP: 49151F3C2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10783.91     | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                        | City of Austin, Series 2017                                                             | CUSIP: 052477N44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98582.16     | 0.12%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                             | Indiana Municipal Power Agency, Series 2017A                                            | CUSIP: 454898VF1<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10391.69     | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comal Independent School District                                          | Comal Independent School District, Series 2024                                          | CUSIP: 1998207P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81302.63     | 0.10%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2022D                                                        | CUSIP: 60412AA45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137012.36    | 0.16%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Northern Funds

**Signature:** Randal Rein

**Name of Signer:** Randal Rein

**Title:** Treasurer and PFO