# EDGAR Filing Document

**Accession Number:** 0001562565
**File Stem:** 0000035402-25-002970
**Filing Date:** 2025-12
**Character Count:** 283989
**Document Hash:** 612b68c907f954c3d657b4d4b734b45e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-002970.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000035402-25-002970

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Merrimack Street Trust
- **CENTRAL INDEX KEY:** 0001562565

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22796
- **FILM NUMBER:** 251599913

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Municipal Bond Opportunities ETF (Series ID: S000089370)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000255892 | Fidelity Municipal Bond Opportunities ETF | FMUB            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Municipal Bond Opportunities ETF**

**October 31, 2025**

MCP-NPRT3-1225

1.9917216.100 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 96.1%** | &nbsp;&nbsp;**Municipal Securities - 96.1%** | &nbsp;&nbsp;**Municipal Securities - 96.1%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Alabama - 5.4%  |  |  |
| Education - 0.6% |  |  |
| Alabama St University Rev Series 2025, 5% 9/1/2028 (Assured Guaranty Inc Insured)  | 475000 | 500538 |
| Homewood Ala Edl Bldg Auth Lease Rev (Samford University Proj.) Series 2024 A, 5.5% 10/1/2049  | 200000 | 204812 |
|  |  | 705350 |
| Electric Utilities - 0.0% |  |  |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) Series 2007 A, 3.375% tender 6/1/2034 (b) | 100000 | 100959 |
| General Obligations - 4.4% |  |  |
| Black Belt Energy Gas District 5% tender 12/1/2055 (BP PLC Guaranteed) (b) | 675000 | 730975 |
| Black Belt Energy Gas District 5.25% tender 2/1/2053 (Morgan Stanley Guaranteed) (b) | 630000 | 671638 |
| Black Belt Energy Gas District Series 2022 E, 5% tender 5/1/2053 (Canadian Imperial Bank of Commerce/New York NY Guaranteed) (b) | 65000 | 68389 |
| Black Belt Energy Gas District Series 2023 D 1, 5.5% tender 6/1/2049 (Goldman Sachs Group Inc/The Guaranteed) (b) | 545000 | 578428 |
| Black Belt Energy Gas District Series 2024 C, 5% tender 5/1/2055 (Pacific Life Insurance Co Guaranteed) (b) | 600000 | 651735 |
| Black Belt Energy Gas District Series 2024A, 5.25% tender 5/1/2055 (Athene Annuity And Life Company Guaranteed) (b) | 100000 | 109743 |
| Black Belt Energy Gas District Series 2025 B, 5% 10/1/2035 (Forethought Life Insurance Co Guaranteed)  | 360000 | 374869 |
| Energy Southeast Ala Coop Dist Energy Supply Rev Series 2025A, 5% 11/1/2035 (Goldman Sachs Group Inc/The Guaranteed)  | 95000 | 102288 |
| Lower Ala Gas Dist Gas Proj Rev Series 2025 A, 5% 12/1/2033 (Equitable Financial Life Global Funding Guaranteed)  | 675000 | 718043 |
| Southeast Energy Auth Coop Dist Ala Commodity Supply Rev Series 2023 B, 5% tender 1/1/2054 (Liquidity Facility Royal Bank of Canada), (Royal Bank of Canada Guaranteed) (b) | 380000 | 405168 |
| Southeast Energy Authority A Cooperative District 5.25% tender 3/1/2055 (Athene Annuity And Life Company Guaranteed) (b) | 310000 | 333878 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% tender 10/1/2055 (Pacific Life Insurance Co Guaranteed) (b) | 435000 | 472454 |
| Southeast Energy Authority A Cooperative District Series 2025D, 5% 9/1/2035 (New York Life Insurance Co Guaranteed)  | 650000 | 720072 |
|  |  | 5937680 |
| Water & Sewer - 0.4% |  |  |
| Jefferson Cnty AL Swr Rev 5% 10/1/2038  | 500000 | 546566 |
| TOTAL ALABAMA |  | 7290555 |
| Arizona - 1.0%  |  |  |
| Education - 0.1% |  |  |
| Phoenix AZ Indl Dev Auth Student Hsg Rev (Downtown Phoenix Stud Hsg II LLC Proj.) 5% 7/1/2031  | 75000 | 78095 |
| University AZ Univ Revs Series 2016, 3% 6/1/2034  | 50000 | 49080 |
|  |  | 127175 |
| Electric Utilities - 0.1% |  |  |
| Coconino Cnty AZ Poll Ctl Corp (Nevada Power Co Proj.) Series 2017 B, 3.75% tender 3/1/2039 (b) | 100000 | 100123 |
| General Obligations - 0.3% |  |  |
| Industrial Development Authority of the City of Phoenix Arizona/The (Guam Govt Proj.) Series 2014, 5.375% 2/1/2041  | 100000 | 93442 |
| Industrial Development Authority of the City of Phoenix Arizona/The Series 2014, 5.125% 2/1/2034 (Guam Govt Guaranteed)  | 100000 | 98110 |
| Salt Verde Finl Corp Gas Rev AZ 5% 12/1/2037 (Citigroup Inc Guaranteed)  | 260000 | 284499 |
|  |  | 476051 |
| Housing - 0.4% |  |  |
| Arizona Indl Dev Auth Rev (Lihtc Cert 2019-2 Proj.) Series 2 Class A, 3.625% 5/20/2033  | 78626 | 79147 |
| Maricopa Cnty AZ Ida Mfh Auth Series 2025, 2.81% tender 5/1/2048 (b) | 375000 | 370479 |
|  |  | 449626 |
| Industrial Development - 0.1% |  |  |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) Series 2005, 3.8% tender 12/1/2035 (b) | 125000 | 125496 |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) Series 2007, 4.1% tender 12/1/2037 (b)(c) | 55000 | 55103 |
|  |  | 180599 |
| TOTAL ARIZONA |  | 1333574 |
| Arkansas - 1.0%  |  |  |
| General Obligations - 1.0% |  |  |
| Nettleton Ark Spl Sch Dist Craighead Cnty 2% 12/1/2039  | 280000 | 209528 |
| Pea Ridge Ark Sch Dist No 109 2% 2/1/2035  | 205000 | 175970 |
| Pea Ridge Ark Sch Dist No 109 2% 2/1/2039  | 220000 | 168322 |
| Pea Ridge Ark Sch Dist No 109 2% 2/1/2043  | 1115000 | 734347 |
|  |  | 1288167 |
| Health Care - 0.0% |  |  |
| Arkansas St Dev Fin Auth Hosp Rev (Washington Regl Med Center Proj.) Series 2024, 5% 2/1/2029  | 20000 | 20856 |
| TOTAL ARKANSAS |  | 1309023 |
| California - 4.3%  |  |  |
| Education - 0.1% |  |  |
| California Mun Fin Auth Rev (University of LA Verne Proj.) Series A, 3.5% 6/1/2034  | 50000 | 48868 |
| California Mun Fin Auth Rev (University of LA Verne Proj.) Series A, 3.75% 6/1/2037  | 40000 | 38879 |
|  |  | 87747 |
| General Obligations - 1.2% |  |  |
| California Community Choice Financing Authority 5% tender 1/1/2055 (Athene Annuity And Life Company Guaranteed) (b) | 140000 | 148687 |
| California Community Choice Financing Authority Series 2025C, 5% 4/1/2029 (American General Life Insurance Co Guaranteed)  | 500000 | 527648 |
| California Community Choice Financing Authority Series 2025D, 5% tender 10/1/2055 (Forethought Life Insurance Co Guaranteed) (b) | 605000 | 645439 |
| Elk Grove Calif Uni Sch Dist Ctfs Partn (Elk Grove CA Uni Sch Dist Proj.) 3% 2/1/2034  | 50000 | 49807 |
| Los Angeles Unified School District/CA Series 2016B, 2% 7/1/2029  | 10000 | 9614 |
| Los Angeles Unified School District/CA Series 2020 C, 3% 7/1/2035  | 5000 | 4930 |
| Poway CA Unified Sch Dist 0% 8/1/2038 (d) | 60000 | 38666 |
| San Diego CA Uni Sch Dist 0% 7/1/2031 (d) | 10000 | 8527 |
| San Mateo Cnty Calif Cmnty Col Dist Gen. Oblig. Series 2018, 5% 9/1/2038  | 5000 | 5398 |
| State of California Gen. Oblig. 4% 11/1/2037  | 50000 | 51805 |
| State of California Gen. Oblig. Series CU, 4.75% 12/1/2042  | 250000 | 262520 |
|  |  | 1753041 |
| Housing - 0.5% |  |  |
| California Hsg Fin Agy Mun Ctfs (Lihtc 2021-1 CA Proj.) Series 1 Class A, 3.5% 11/20/2035  | 557157 | 553849 |
| California Hsg Fin Agy Mun Ctfs (Lihtc 2023-1 CA Proj.) Series 1 Class A, 4.375% 9/20/2036  | 97770 | 101073 |
|  |  | 654922 |
| Other - 0.0% |  |  |
| California Infrastructure & Economic Development Bank (Los Angeles County Museum Of Art Proj.) 1.2% tender 12/1/2050 (b) | 15000 | 13880 |
| Resource Recovery - 0.4% |  |  |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2023A, 4.375% tender 9/1/2053 (b)(c) | 500000 | 522640 |
| Tobacco Bonds - 0.0% |  |  |
| Golden State Tobacco Securitization Corp. Tobacco Settlement Series 2021 B 2, 0% 6/1/2066 (d) | 500000 | 52956 |
| Transportation - 1.7% |  |  |
| Alameda Corridor CA Tran Auth Rev Series 2024A, 0% 10/1/2052 (Assured Guaranty Inc Insured) (d) | 100000 | 28127 |
| California Mun Fn Auth Rev (Linxs Apm Project Proj.) Series 2018 A, 5% 12/31/2028 (c) | 40000 | 41364 |
| Los Angeles CA Dept Arpts Rev Series 2018 C, 5% 5/15/2033 (c) | 15000 | 15566 |
| Los Angeles CA Dept Arpts Rev Series 2019 A, 5% 5/15/2035 (c) | 10000 | 10575 |
| Los Angeles CA Dept Arpts Rev Series 2022 H, 5.5% 5/15/2036 (c) | 715000 | 803224 |
| Sacramento Cnty CA Arpt Sys Rv Series 2025D, 5.25% 7/1/2044 (Assured Guaranty Inc Insured) (c) | 500000 | 534145 |
| San Diego Cnty CA Reg Arpt Auth Arpt Rev Series 2025 B, 5.25% 7/1/2039 (c) | 350000 | 395735 |
| San Francisco CA City & County Airports Commission International Airport Revenue Series 2023 C, 5.5% 5/1/2037 (c) | 250000 | 282836 |
| San Francisco CA City & County Airports Commission International Airport Revenue Series 2024 A, 5.25% 5/1/2049 (c) | 100000 | 104748 |
|  |  | 2216320 |
| Water & Sewer - 0.4% |  |  |
| Los Angeles CA Dep Wtr & Pwr Wtrwks Rev 5% 1/1/2030  | 500000 | 540579 |
| TOTAL CALIFORNIA |  | 5842085 |
| Colorado - 1.6%  |  |  |
| Health Care - 0.0% |  |  |
| Colorado Health Facilities Authority (CommonSpirit Health Proj.) Series 2019 A 2, 5% 8/1/2037  | 50000 | 52442 |
| Special Tax - 0.7% |  |  |
| Independence Metropolitan District No 3 Series 2024 A, 5.375% 12/1/2054  | 500000 | 501331 |
| Village Met Dist Colo Series 2025A, 5.75% 12/1/2055  | 500000 | 504101 |
|  |  | 1005432 |
| Transportation - 0.9% |  |  |
| Denver CO City & Cnty Arpt Series 2018 A, 4% 12/1/2043 (c) | 210000 | 195400 |
| Denver CO City & Cnty Arpt Series 2018 A, 5% 12/1/2027 (c) | 90000 | 93590 |
| Denver CO City & Cnty Arpt Series 2018 A, 5% 12/1/2036 (c) | 780000 | 875584 |
|  |  | 1164574 |
| TOTAL COLORADO |  | 2222448 |
| Connecticut - 2.3%  |  |  |
| Education - 0.1% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Trinity College,Ct Proj.) 5% 6/1/2040  | 30000 | 31641 |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2010A 3, 2.95% tender 7/1/2049 (b) | 45000 | 44923 |
|  |  | 76564 |
| General Obligations - 0.3% |  |  |
| Connecticut St Gen. Oblig. Series 2016 A, 5% 3/15/2026  | 50000 | 50411 |
| Connecticut St Gen. Oblig. Series 2021 A, 3% 1/15/2036  | 20000 | 19482 |
| New Haven CT Gen. Oblig. Series 2024, 5% 8/1/2032 (Assured Guaranty Inc Insured)  | 80000 | 90615 |
| Stamford CT Gen. Oblig. Series 2016, 4% 8/1/2026  | 5000 | 5004 |
| West Haven CT Gen. Oblig. Series 2024, 5% 2/15/2038 (Build America Mutual Assurance Co Insured)  | 100000 | 111475 |
| West Haven CT Gen. Oblig. Series 2024, 5% 2/15/2039 (Build America Mutual Assurance Co Insured)  | 100000 | 110570 |
| West Haven CT Gen. Oblig. Series 2024, 5% 2/15/2040 (Build America Mutual Assurance Co Insured)  | 100000 | 109546 |
|  |  | 497103 |
| Health Care - 0.7% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Hartford HealthCare Corp Proj.) 4% 7/1/2036  | 5000 | 5043 |
| Connecticut St Health & Edl Facs Auth Revenue (Hartford HealthCare Corp Proj.) 5% 7/1/2032  | 5000 | 5363 |
| Connecticut St Health & Edl Facs Auth Revenue (Nuvance Health Proj.) Series 2019 A, 4% 7/1/2034  | 375000 | 381553 |
| Connecticut St Health & Edl Facs Auth Revenue (Nuvance Health Proj.) Series 2019 A, 5% 7/1/2026  | 500000 | 504919 |
|  |  | 896878 |
| Housing - 0.2% |  |  |
| Connecticut St Hsg Fin Auth Hsg Mtg Fin Prog (CT Hsg Mortgage Proj.) Series 2023 A, 5.25% 11/15/2053  | 240000 | 254051 |
| Special Tax - 1.0% |  |  |
| Connecticut St Spl Tax Oblig Series 2024A 2, 5% 7/1/2032  | 1025000 | 1175830 |
| Steelpoint Harbor CT Infrastructure Impt Dist Spl Oblig Rev Series 2021, 4% 4/1/2051 (e) | 100000 | 85752 |
| Steelpoint Harbor CT Infrastructure Impt Dist Spl Oblig Rev Series 2024, 5.625% 4/1/2044 (e) | 100000 | 104470 |
|  |  | 1366052 |
| TOTAL CONNECTICUT |  | 3090648 |
| District Of Columbia - 0.3%  |  |  |
| Education - 0.0% |  |  |
| District Columbia Univ Rev (Georgetown Univ, DC Proj.) Series 2017, 5% 4/1/2033  | 40000 | 41004 |
| General Obligations - 0.1% |  |  |
| District Columbia Gen. Oblig. Series 2016 A, 3% 6/1/2041  | 145000 | 125439 |
| Health Care - 0.2% |  |  |
| District Columbia Hosp Rev (Childrens National Med Ctr, DC Proj.) Series 2015, 4% 7/15/2040  | 270000 | 267000 |
| TOTAL DISTRICT OF COLUMBIA |  | 433443 |
| District Of Columbia,Virginia - 1.1%  |  |  |
| Transportation - 1.1% |  |  |
| Metropolitan Wash DC Arpts Ath Series 2021 A, 4% 10/1/2040 (c) | 175000 | 171376 |
| Metropolitan Wash DC Arpts Ath Series 2021 A, 5% 10/1/2026 (c) | 200000 | 203506 |
| Metropolitan Wash DC Arpts Ath Series 2025A, 5% 10/1/2029 (c) | 1000000 | 1074783 |
|  |  | 1449665 |
| TOTAL DISTRICT OF COLUMBIA,VIRGINIA |  | 1449665 |
| Florida - 5.0%  |  |  |
| Education - 0.3% |  |  |
| Florida Dev Fin Corp Student Hsg Rev (The Henry Stud Hsg Proj.) Series 2024A 1, 5.25% 6/1/2059 (e) | 100000 | 95817 |
| Florida Higher Edl Facs Fing Auth Rev (FL Institute of Technology Proj.) Series 2019, 5% 10/1/2034  | 30000 | 31281 |
| Florida Higher Edl Facs Fing Auth Rev (Rollins College, FL Proj.) Series 2016 A, 3% 12/1/2046  | 40000 | 30333 |
| Florida Higher Edl Facs Fing Auth Rev (Rollins College, FL Proj.) Series 2020 A, 3% 12/1/2048  | 320000 | 232512 |
|  |  | 389943 |
| Electric Utilities - 0.1% |  |  |
| Florida St Mun Pwr Agy Rev Series 2021 A, 3% 10/1/2032  | 100000 | 99212 |
| General Obligations - 0.3% |  |  |
| Miami-Dade Cnty Fla Seaport Rev (Miami-Dade Cnty Fla Proj.) Series SUB 2021 B2, 4% 10/1/2043  | 460000 | 454590 |
| Health Care - 1.4% |  |  |
| Halifax Hosp Med Ctr FL Hosp Series 2016, 3.75% 6/1/2041  | 95000 | 86124 |
| Hillsborough Cnty Fla Indl Dev (Tampa General Hospital, FL Proj.) Series 2020A, 3.5% 8/1/2055  | 235000 | 180030 |
| Palm Beach Cnty FL Health Facs (Lifespace Proj.) Series 2023C, 7.625% 5/15/2058  | 50000 | 55636 |
| South Miami FL Hlth Fcs Hsp Rv (Baptist Health Sys Of So Fl Proj.) Series 2025B, 5% tender 8/15/2065 (b) | 1000000 | 1092623 |
| Tallahassee FL Health Facs Rev (Tallahassee Mem Hlthcare FL Proj.) Series 2015A, 4% 12/1/2035  | 500000 | 489859 |
|  |  | 1904272 |
| Housing - 0.4% |  |  |
| Fla Hsg Fin Corp Multifamily Mtg Rev Series 2023 C, 5% tender 12/1/2026 (b) | 15000 | 15019 |
| Florida Housing Finance Corp (FL Homeownership Mortgage Proj.) Series 2025 5, 6.25% 7/1/2056  | 500000 | 559754 |
|  |  | 574773 |
| Resource Recovery - 0.4% |  |  |
| Florida Dev Fin Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2025A, 3.4% tender 9/1/2050 (b)(c) | 500000 | 502166 |
| Special Tax - 0.6% |  |  |
| Seminole County School District Sales Tax Revenue Series 2025, 5% 10/1/2032 (Assured Guaranty Inc Insured)  | 750000 | 858595 |
| Transportation - 1.4% |  |  |
| Florida Dev Fin Corp Rev (Brightline FL Proj.) Series 2024, 5.25% 7/1/2053 (Assured Guaranty Inc Insured) (c) | 500000 | 498152 |
| Florida St Mid Bay Bridge Auth Series 2025, 5% 10/1/2030 (Assured Guaranty Inc Insured)  | 930000 | 1018380 |
| Orlando-Orange County Expressway Authority (Central Florida Expressway Authority Proj.) Series 2017, 3% 7/1/2034  | 395000 | 388160 |
|  |  | 1904692 |
| Water & Sewer - 0.1% |  |  |
| JEA FL Wtr & Swr Sys Rev Series 2024A, 5% 10/1/2028  | 50000 | 53384 |
| JEA FL Wtr & Swr Sys Rev Series 2024A, 5% 10/1/2030  | 50000 | 55569 |
|  |  | 108953 |
| TOTAL FLORIDA |  | 6797196 |
| Georgia - 4.4%  |  |  |
| Electric Utilities - 0.2% |  |  |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FOURTH 1994, 3.8% tender 10/1/2032 (b) | 340000 | 341156 |
| Burke Cnty GA Dev Auth Pcr (Oglethorpe Pwr Corp Proj.) Series 2017 E, 3.6% tender 11/1/2045 (b) | 105000 | 106588 |
|  |  | 447744 |
| General Obligations - 2.6% |  |  |
| Main Street Natural Gas Inc 5% tender 6/1/2053 (Citigroup Inc Guaranteed) (b) | 200000 | 212029 |
| Main Street Natural Gas Inc 5% tender 6/1/2055 (Toronto Dominion Bank Guaranteed) (b) | 500000 | 547613 |
| Main Street Natural Gas Inc Series 2022A, 4% tender 9/1/2052 (Citigroup Inc Guaranteed) (b) | 200000 | 205588 |
| Main Street Natural Gas Inc Series 2023B, 5% tender 7/1/2053 (Royal Bank of Canada Guaranteed) (b) | 250000 | 267933 |
| Main Street Natural Gas Inc Series 2023C, 5% tender 9/1/2053 (Royal Bank of Canada Guaranteed) (b) | 55000 | 58840 |
| Main Street Natural Gas Inc Series 2024D, 5% tender 4/1/2054 (Toronto Dominion Bank Guaranteed) (b) | 45000 | 48834 |
| Main Street Natural Gas Inc Series 2024E, 5% tender 5/1/2055 (Citigroup Inc Guaranteed) (b) | 2000000 | 2172004 |
|  |  | 3512841 |
| Health Care - 0.3% |  |  |
| Fulton Cnty GA Dev Auth Rev (Piedmont Hosp Og Proj.) Series 2019 A, 3% 7/1/2044  | 440000 | 346231 |
| Industrial Development - 0.4% |  |  |
| Savannah Georgia Convention Center Authority (Savannah Convention Hotel Proj.) Series 2025B, 6% 6/1/2050 (e) | 535000 | 532212 |
| Other - 0.9% |  |  |
| Fayette Cnty GA Dev Auth Rev (United States Soccer Fed Proj.) Series 2024, 5% 10/1/2028  | 325000 | 340940 |
| Fayette Cnty GA Dev Auth Rev (United States Soccer Fed Proj.) Series 2024, 5% 10/1/2029  | 375000 | 399573 |
| Fayette Cnty GA Dev Auth Rev (United States Soccer Fed Proj.) Series 2024, 5% 10/1/2030  | 400000 | 432473 |
|  |  | 1172986 |
| TOTAL GEORGIA |  | 6012014 |
| Hawaii - 1.0%  |  |  |
| General Obligations - 0.0% |  |  |
| Honolulu HI City & Cnty Gen. Oblig. Series 2020F, 5% 7/1/2034  | 5000 | 5494 |
| Housing - 0.2% |  |  |
| Honolulu HI City & Cnty Mfr Series 2023, 5% tender 6/1/2027 (b) | 340000 | 343481 |
| Transportation - 0.4% |  |  |
| Hawaii St Arpts Sys Rev 5% 7/1/2042 (c) | 500000 | 532017 |
| Water & Sewer - 0.4% |  |  |
| Honolulu HI Cty & Cnty Wastewtr Sys Rev Series B, 5% 7/1/2027  | 500000 | 507122 |
| TOTAL HAWAII |  | 1388114 |
| Illinois - 11.5%  |  |  |
| Education - 0.5% |  |  |
| Illinois Fin Auth Rev (Depaul Univ, IL Proj.) Series 2016 A, 3% 10/1/2037  | 155000 | 142536 |
| Illinois Finance Authority (Board of Trustees of the University of Illinois/The Proj.) Series 2019A, 5% 10/1/2038  | 350000 | 366959 |
| Illinois Finance Authority Rev (Bradley University Proj.) Series 2021 A, 4% 8/1/2037  | 100000 | 94289 |
|  |  | 603784 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Railsplitter Tobacco Settlement Auth Settlement Rev Series 2017, 5% 6/1/2026 (Escrowed to Maturity)  | 5000 | 5063 |
| General Obligations - 3.8% |  |  |
| Chicago IL Brd Ed Series 2025 A, 6.25% 12/1/2050  | 1000000 | 1045354 |
| Chicago IL Brd Ed Series 2025 B, 5.25% 12/1/2031 (f) | 650000 | 680302 |
| Chicago IL Brd Ed Series D, 5% 12/1/2031  | 100000 | 101106 |
| Chicago IL Gen. Oblig. Series 2017, 6% 1/1/2038  | 10000 | 10208 |
| Chicago IL Gen. Oblig. Series 2024 B, 5% 1/1/2041  | 500000 | 502441 |
| Chicago IL Gen. Oblig. Series 2025E, 6% 1/1/2045  | 500000 | 533556 |
| Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2028  | 25000 | 25979 |
| Illinois St Gen. Oblig. Series 2022A, 5% 3/1/2036  | 40000 | 43511 |
| Illinois St Gen. Oblig. Series JUNE 2016, 3.5% 6/1/2029  | 500000 | 500685 |
| Illinois St Gen. Oblig. Series MARCH 2021 A, 5% 3/1/2030  | 120000 | 130026 |
| Illinois St Gen. Oblig. Series MAY 2023 B, 5% 5/1/2037  | 500000 | 541048 |
| Illinois St Gen. Oblig. Series MAY 2023 B, 5.25% 5/1/2038  | 320000 | 348386 |
| Illinois St Gen. Oblig. Series MAY 2023D, 4% 7/1/2037  | 310000 | 309630 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2035  | 50000 | 56244 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2037  | 50000 | 55229 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5.25% 5/1/2042  | 75000 | 80686 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5.25% 5/1/2049  | 25000 | 25952 |
| Schaumburg IL Gen. Oblig. Series 2023, 4% 12/1/2030  | 100000 | 105763 |
|  |  | 5096106 |
| Health Care - 1.7% |  |  |
| Illinois Fin Auth Rev (Advocate Aurora Health Inc Proj.) Series 2014, 4% 8/1/2038  | 1005000 | 989504 |
| Illinois Fin Auth Rev (Memorial Health Sys Ill Rev Proj.) Series 2019, 5% 4/1/2035  | 15000 | 15811 |
| Illinois Fin Auth Rev (Mercy Alliance Inc Proj.) Series 2016, 4% 12/1/2040  | 195000 | 191785 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) 3.125% 5/15/2037  | 35000 | 31844 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2015 A, 5% 11/15/2025  | 60000 | 60026 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2016, 3.25% 5/15/2039  | 205000 | 181505 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2016, 4% 5/15/2035  | 10000 | 10001 |
| Illinois Fin Auth Rev (Riverside Health System, IL Proj.) Series 2016, 3.25% 11/15/2045  | 540000 | 436546 |
| Illinois Fin Auth Rev (Southern Ill Hlthcare Ent Inc Proj.) Series 2017 C, 5% 3/1/2026  | 15000 | 15066 |
| Illinois Fin Auth Rev (University of Chicago Hosps,Il Proj.) Series B, 4% 8/15/2041  | 15000 | 14450 |
| Illinois Fin Auth Rev (University of Chicago Hosps,Il Proj.) Series B, 5% 8/15/2035  | 10000 | 10217 |
| Illinois Finance Authority Rev (Endeavor Health Proj.) Series 2020A, 3.25% 8/15/2049  | 500000 | 400750 |
|  |  | 2357505 |
| Housing - 0.0% |  |  |
| Illinois Housing Dev Auth Series 2019 D, 2.7% 10/1/2034 (IL Hsg Revenue Bonds 3/1/2016 Guaranteed)  | 115000 | 106175 |
| Special Tax - 1.1% |  |  |
| Chicago IL Brd Ed Series 2022 B, 4% 12/1/2041  | 100000 | 84991 |
| Illinois St Sales Tax Rev Series SEPTEMBER 2016 A, 3% 6/15/2033  | 115000 | 108403 |
| Illinois St Sales Tax Rev Series SEPTEMBER 2016 A, 3% 6/15/2034  | 220000 | 204363 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 12/15/2033 (National Public Finance Guarantee Corporation Insured) (d) | 20000 | 15027 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 12/15/2038 (National Public Finance Guarantee Corporation Insured) (d) | 15000 | 8799 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2041 (d) | 300000 | 152227 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2046 (Assured Guaranty Inc Insured) (d) | 100000 | 38364 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 5% 12/15/2028  | 300000 | 311291 |
| Sales Tax Securitization Corp 3% 1/1/2027  | 264000 | 264290 |
| Sales Tax Securitization Corp Series 2024 A, 5% 1/1/2037  | 300000 | 339221 |
|  |  | 1526976 |
| Transportation - 2.8% |  |  |
| Chicago IL Midway Arpt Rev Series 2023A, 5.5% 1/1/2036 (Build America Mutual Assurance Co Insured) (c) | 490000 | 556597 |
| Chicago IL Midway Arpt Rev Series 2025 A, 5% 1/1/2030 (c) | 1000000 | 1070052 |
| Chicago IL Midway Arpt Rev Series A, 5% 1/1/2029 (c) | 20000 | 20062 |
| Chicago IL O'Hare Intl Arpt Rev Series 2018 B, 4% 1/1/2044  | 865000 | 815284 |
| Chicago IL O'Hare Intl Arpt Rev Series 2018A, 4% 1/1/2043 (c) | 630000 | 590511 |
| Chicago IL O'Hare Intl Arpt Rev Series 2024 A, 5% 1/1/2036 (c) | 20000 | 21980 |
| Chicago IL O'Hare Intl Arpt Rev Series 2024 A, 5.25% 1/1/2041 (c) | 50000 | 54046 |
| Chicago IL O'Hare Intl Arpt Rev Series 2024C, 5.25% 1/1/2042 (c) | 130000 | 140216 |
| Illinois Finance Authority (Centerpoint Term Rr Proj.) Series 2012, 4.8% tender 12/1/2043 (b)(c)(e) | 500000 | 516664 |
| Illinois St Toll Hwy Auth Hwy Rev Series 2020 A, 5% 1/1/2045  | 20000 | 20702 |
|  |  | 3806114 |
| Water & Sewer - 1.6% |  |  |
| Chicago IL Wtr Rev 5% 11/1/2035  | 475000 | 535650 |
| Illinois Fin Auth Rev (IL Wtr State Rev Fund Proj.) Series 2019, 5.25% 7/1/2035  | 1475000 | 1597049 |
|  |  | 2132699 |
| TOTAL ILLINOIS |  | 15634422 |
| Indiana - 0.9%  |  |  |
| Education - 0.8% |  |  |
| Indiana Fin Auth Edl Facs Rev (Butler University Proj.) Series 2021, 4% 2/1/2030  | 10000 | 10346 |
| Indiana Fin Auth Edl Facs Rev (Depauw University Proj.) Series 2022A, 5% 7/1/2030  | 500000 | 529741 |
| Indiana Fin Auth Edl Facs Rev (Depauw University Proj.) Series 2022A, 5% 7/1/2031  | 500000 | 534989 |
|  |  | 1075076 |
| Health Care - 0.1% |  |  |
| Indiana Fin Auth Health Sys Rev (Indiana University Health Proj.) Series 2025D 3, 5% tender 10/1/2059 (b) | 145000 | 165023 |
| TOTAL INDIANA |  | 1240099 |
| Iowa - 1.0%  |  |  |
| Education - 0.8% |  |  |
| Iowa Higher Ed Ln Auth Rev (Dubuque University IA Proj.) Series 2025, 5% 10/1/2045  | 375000 | 368337 |
| Iowa Student Ln Liquidity Corp (Iowa Student Ln 10/1/19 Proj.) 5% 12/1/2033 (c) | 670000 | 725805 |
|  |  | 1094142 |
| General Obligations - 0.0% |  |  |
| City of Des Moines IA Gen. Oblig. Series 2020 A, 2% 6/1/2031  | 10000 | 9222 |
| Housing - 0.2% |  |  |
| Iowa Fin Auth Single Family Mtg Rev (IA Single Family Mortgage Proj.) Series 2023 A, 5.25% 7/1/2053  | 225000 | 234908 |
| TOTAL IOWA |  | 1338272 |
| Kansas - 0.5%  |  |  |
| Special Tax - 0.5% |  |  |
| Garden City KS Sales Tax Rev Series 2025, 4% 6/1/2029 (e) | 700000 | 693305 |
| Kentucky - 1.8%  |  |  |
| Electric Utilities - 0.1% |  |  |
| Trimble Cnty KY Environmental Facs Rev (Kentucky Utilities Co Proj.) 4.7% tender 6/1/2054 (b)(c) | 100000 | 100735 |
| General Obligations - 0.8% |  |  |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev 5% tender 5/1/2055 (Goldman Sachs Group Inc/The Guaranteed) (b) | 80000 | 85010 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2020 A, 4% tender 12/1/2050 (BP PLC Guaranteed) (b) | 95000 | 95695 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024 A1, 5% 2/1/2029 (Morgan Stanley Guaranteed)  | 400000 | 419142 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024 A1, 5% 8/1/2028 (Morgan Stanley Guaranteed)  | 490000 | 509808 |
|  |  | 1109655 |
| Health Care - 0.9% |  |  |
| Ashland KY Med Ctr Rev (Royal Blue Health Proj.) 4% 2/1/2033  | 200000 | 200848 |
| Ashland KY Med Ctr Rev (Royal Blue Health Proj.) Series 2016 A, 4% 2/1/2036  | 350000 | 350064 |
| Kentucky Econ Dev Fin Auth Hosp Sys Rev (Owensboro KY Hosp Rev Proj.) Series 2017 A, 5.25% 6/1/2041  | 200000 | 201847 |
| Louisville & Jefferson Cnty KY Metro Govt Health Sys Rev (Norton Healthcare Inc Proj.) 5% tender 10/1/2047 (b) | 350000 | 355284 |
| Louisville & Jefferson Cnty KY Metro Govt Health Sys Rev (Norton Healthcare Inc Proj.) Series 2020A, 3% 10/1/2043  | 90000 | 70871 |
|  |  | 1178914 |
| Special Tax - 0.0% |  |  |
| Louisville & Jefferson Cnty Visitors & Conv Comm Rev Series 2016, 3.125% 6/1/2046 (Assured Guaranty Inc Insured)  | 20000 | 16041 |
| TOTAL KENTUCKY |  | 2405345 |
| Louisiana - 0.8%  |  |  |
| Health Care - 0.0% |  |  |
| Louisiana Pub Fac Auth Hsp Rev (Franciscan Missionaries Proj.) Series 2017 A, 3.75% 7/1/2047  | 25000 | 21194 |
| Louisiana Pub Fac Auth Hsp Rev (Louisiana Childrens Hospital Proj.) Series 2020 A, 3% 6/1/2050 (Assured Guaranty Inc Insured)  | 65000 | 47017 |
|  |  | 68211 |
| Industrial Development - 0.2% |  |  |
| St John Baptist Parish LA Rev (Conocophillips Inc Proj.) 4.05% tender 6/1/2037 (b) | 260000 | 261898 |
| Transportation - 0.6% |  |  |
| New Orleans LA Aviation Board 5% 1/1/2032 (c) | 85000 | 86250 |
| New Orleans LA Aviation Board 5% 1/1/2034 (c) | 175000 | 177296 |
| New Orleans LA Aviation Board 5% 1/1/2038 (c) | 60000 | 60482 |
| New Orleans LA Aviation Board 5.25% 1/1/2041 (c) | 405000 | 438652 |
|  |  | 762680 |
| TOTAL LOUISIANA |  | 1092789 |
| Maryland - 0.8%  |  |  |
| Education - 0.6% |  |  |
| Maryland Health & Higher Educational Facilities Authority (MD Inst College of Art Proj.) Series 2024, 5.25% 6/1/2044  | 150000 | 150931 |
| Maryland Health & Higher Educational Facilities Authority (Stevenson University Proj.) Series 2021 A, 5% 6/1/2031  | 315000 | 337269 |
| Maryland Health & Higher Educational Facilities Authority (Stevenson University Proj.) Series 2021 A, 5% 6/1/2033  | 360000 | 382504 |
|  |  | 870704 |
| Health Care - 0.1% |  |  |
| Maryland St Hlth & HI Ed Facs (Mercy Medical Center, MD Proj.) 4% 7/1/2042  | 100000 | 95646 |
| Water & Sewer - 0.1% |  |  |
| Baltimore MD Proj Rev (Baltimore Wtr Util Rev Proj.) Series 2020 A, 4% 7/1/2045  | 100000 | 94324 |
| TOTAL MARYLAND |  | 1060674 |
| Massachusetts - 1.6%  |  |  |
| Education - 0.0% |  |  |
| Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2020 B, 5% 7/1/2026 (c) | 100000 | 101049 |
| Massachusetts St Dev Fin Agy Rev (Lesley College Proj.) Series 2016, 5% 7/1/2028  | 30000 | 30249 |
|  |  | 131298 |
| General Obligations - 0.0% |  |  |
| Amesbury Mass Series 2020, 2% 6/1/2034  | 25000 | 22280 |
| Worcester MA Gen. Oblig. Series 2021, 2% 2/15/2035 (Assured Guaranty Inc Insured)  | 60000 | 52613 |
|  |  | 74893 |
| Health Care - 0.9% |  |  |
| Massachusetts Dev Fin Agy Sr Living Rev (Care Communities LLC Proj.) Series 2025 A 1, 6.5% 7/15/2060 (e) | 375000 | 374839 |
| Massachusetts Development Finance Agency (Beth Israel Lahey Health Proj.) Series 2019 K, 5% 7/1/2035  | 15000 | 15867 |
| Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) Series 2021 G, 4% 7/1/2046  | 510000 | 451803 |
| Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) Series 2016Q, 4% 7/1/2041  | 305000 | 291704 |
|  |  | 1134213 |
| Housing - 0.3% |  |  |
| Massachusetts St Hsg Fin Agy (Housing Bond Resolution 12/10/02 Proj.) Series 2018A, 3.7% 12/1/2038  | 370000 | 367149 |
| Transportation - 0.4% |  |  |
| Massachusetts St Port Auth Rev 5% 7/1/2039 (c) | 450000 | 474988 |
| Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2034 (c) | 30000 | 31702 |
|  |  | 506690 |
| TOTAL MASSACHUSETTS |  | 2214243 |
| Michigan - 3.6%  |  |  |
| Electric Utilities - 0.4% |  |  |
| Michigan Finance Authority (Public Lighting Auth of Detroit Proj.) 5% 7/1/2044 (Build America Mutual Assurance Co Insured)  | 500000 | 529967 |
| General Obligations - 0.1% |  |  |
| Detroit MI Gen. Oblig. Series 2021A, 5% 4/1/2038  | 100000 | 105489 |
| Rochester MI Cmnty Sch Dist Series 2019 II, 3% 5/1/2031  | 5000 | 5005 |
|  |  | 110494 |
| Housing - 0.0% |  |  |
| Michigan Hsg Dev Auth Rent Hsg Rev (Rental Hsg Rev Bonds 11/15/1990 Proj.) Series 2021 A, 2.45% 10/1/2046  | 30000 | 20808 |
| Transportation - 2.3% |  |  |
| Wayne Cnty Mich Arpt Auth Rev Series 2025 B, 5% 12/1/2032 (c) | 510000 | 565808 |
| Wayne Cnty Mich Arpt Auth Rev Series 2025 B, 5% 12/1/2033 (c) | 515000 | 575394 |
| Wayne Cnty Mich Arpt Auth Rev Series 2025 B, 5.5% 12/1/2044 (c) | 815000 | 894630 |
| Wayne Cnty Mich Arpt Auth Rev Series 2025 F, 5% 12/1/2029 (c)(f) | 1000000 | 1068664 |
|  |  | 3104496 |
| Water & Sewer - 0.8% |  |  |
| Great Lakes Wtr Auth Mich Wtr Supply Sys Rev Series 2025 B, 5% 7/1/2031  | 1000000 | 1124215 |
| TOTAL MICHIGAN |  | 4889980 |
| Minnesota - 0.7%  |  |  |
| Education - 0.3% |  |  |
| Minnesota Higher Ed Facs Auth Rev (St Catherine University Proj.) Series 2018A, 5% 10/1/2033  | 150000 | 154695 |
| Minnesota Higher Ed Facs Auth Rev (St Catherine University Proj.) Series 2023, 4.25% 10/1/2038  | 300000 | 292672 |
|  |  | 447367 |
| Health Care - 0.4% |  |  |
| Minneapolis MN Health Care Sys Rev (Allina Health System Proj.) Series 2023A, 5% tender 11/15/2052 (b) | 315000 | 330707 |
| Minnesota Agric & Ec Dev Brd (Healthpartners Oblig Group Pj Proj.) Series 2024, 5.25% 1/1/2054  | 100000 | 104071 |
| St Cloud Minn Health Care Rv (Centracare Health System Proj.) Series 2016A, 3% 5/1/2032  | 15000 | 14776 |
|  |  | 449554 |
| TOTAL MINNESOTA |  | 896921 |
| Mississippi - 0.0%  |  |  |
| Education - 0.0% |  |  |
| Jackson St Univ Edl Bldg Corp MS Rev Series 2021 A, 1.4% 3/1/2034 (Build America Mutual Assurance Co Insured) (b) | 100000 | 86351 |
| Missouri - 1.0%  |  |  |
| Housing - 0.4% |  |  |
| Missouri St Hsg Dev Com Sf Mtg (MO Hsg First Place Loan Prog 5/1/15 Proj.) Series 2023 E, 6.5% 5/1/2054  | 85000 | 95067 |
| Missouri St Hsg Dev Commn Single Family Mtg Rev (MO Hsg First Place Loan Prog 5/1/15 Proj.) Series 2025F, 5% 11/1/2050  | 500000 | 508557 |
|  |  | 603624 |
| Industrial Development - 0.6% |  |  |
| Missouri Development Finance Board (Procter & Gamble Co/The Proj.) 5.2% 3/15/2029 (c) | 675000 | 717032 |
| TOTAL MISSOURI |  | 1320656 |
| Montana - 0.6%  |  |  |
| Health Care - 0.4% |  |  |
| Montana Facility Fin Auth Rev (Benefis Health System Proj.) Series 2025 B, 5% tender 2/15/2065 (b) | 500000 | 537542 |
| Housing - 0.2% |  |  |
| Montana St Brd Hsg Single Family Mtg Series 2025B, 6% 12/1/2055  | 265000 | 293195 |
| TOTAL MONTANA |  | 830737 |
| Nebraska - 0.9%  |  |  |
| General Obligations - 0.5% |  |  |
| Central Plains Energy Proj NE Gas Proj Rev Series 2023 A 1, 5% tender 5/1/2054 (Bank of Montreal Guaranteed) (b) | 135000 | 144732 |
| Central Plains Energy Proj NE Gas Proj Rev Series 2025A SUB A 1, 5% tender 8/1/2055 (Royal Bank of Canada Guaranteed) (b) | 500000 | 540044 |
|  |  | 684776 |
| Housing - 0.4% |  |  |
| Nebraska Invt Fin Auth Single Family Hsg Rev Series 2025E, 6.25% 9/1/2055  | 500000 | 558622 |
| TOTAL NEBRASKA |  | 1243398 |
| Nevada - 0.0%  |  |  |
| General Obligations - 0.0% |  |  |
| Nevada St Gen. Oblig. Series 2024A, 3% 5/1/2040  | 85000 | 76597 |
| New Hampshire - 1.0%  |  |  |
| Education - 0.0% |  |  |
| New Hampshire Health and Education Facilities Authority Act (New Hampshire Higher Ed Ln Proj.) Series 2023 B, 5.5% 11/1/2027 (c) | 20000 | 20765 |
| General Obligations - 0.9% |  |  |
| Nashua NH Gen. Oblig. 2% 8/1/2037  | 425000 | 344507 |
| Nashua NH Gen. Oblig. 2% 8/1/2038  | 430000 | 339459 |
| Nashua NH Gen. Oblig. 2.25% 8/1/2043  | 650000 | 454810 |
|  |  | 1138776 |
| Housing - 0.1% |  |  |
| National Fin Auth NH Hosp Rev (Lihtc 2023-2 Us Proj.) Series 2 Class A, 3.875% 1/20/2038  | 97313 | 93852 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) Series 2023 4, 3.625% 4/1/2026  | 10000 | 10006 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) Series 2023 4, 3.7% 1/1/2027  | 35000 | 35149 |
|  |  | 139007 |
| TOTAL NEW HAMPSHIRE |  | 1298548 |
| New Jersey - 2.7%  |  |  |
| Education - 0.8% |  |  |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2025 (c) | 655000 | 655871 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023A, 5% 12/1/2030 (c) | 300000 | 321063 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 B, 5% 12/1/2031 (c) | 85000 | 91939 |
|  |  | 1068873 |
| Electric Utilities - 0.3% |  |  |
| New Jersey Eda Wtr Facs Rev (New Jersey American Wtr Co Inc Proj.) 3.75% tender 11/1/2034 (b)(c) | 340000 | 344142 |
| General Obligations - 0.8% |  |  |
| Essex Cnty NJ 2% 8/15/2033  | 450000 | 401475 |
| New Jersey St Gen. Oblig. 2.375% 6/1/2036  | 80000 | 69529 |
| New Jersey Trans Trust Fund Auth 0% 12/15/2031 (Financial Guaranty Ins CO Insured) (d) | 15000 | 12490 |
| New Jersey Trans Trust Fund Auth 0% 12/15/2034 (d) | 80000 | 59410 |
| New Jersey Trans Trust Fund Auth 5% 6/15/2032  | 100000 | 113583 |
| New Jersey Trans Trust Fund Auth 5% 6/15/2038  | 35000 | 37702 |
| New Jersey Trans Trust Fund Auth 5.25% 6/15/2050  | 100000 | 106335 |
| New Jersey Trans Trust Fund Auth 5.25% 6/15/2055  | 215000 | 227096 |
| New Jersey Trans Trust Fund Auth Series 2019 BB, 3.25% 6/15/2039  | 155000 | 144074 |
|  |  | 1171694 |
| Housing - 0.4% |  |  |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2026 (c) | 500000 | 508386 |
| Special Tax - 0.0% |  |  |
| NJ Eda Motor Vehicle Series 2017A, 4% 7/1/2034  | 10000 | 10097 |
| Tobacco Bonds - 0.4% |  |  |
| Tobacco Settlement Fin Corp NJ Series 2018B, 5% 6/1/2046  | 495000 | 481951 |
| Transportation - 0.0% |  |  |
| New Jersey Turnpike Authority 5% 1/1/2028  | 65000 | 68231 |
| TOTAL NEW JERSEY |  | 3653374 |
| New York - 3.2%  |  |  |
| Electric Utilities - 0.3% |  |  |
| Long Island Pwr Auth NY Elec 5% 9/1/2034  | 5000 | 5470 |
| Long Island Pwr Auth NY Elec Series 2024B, 3% tender 9/1/2049 (b) | 250000 | 253604 |
| Long Island Pwr Auth NY Elec Series 2024B, 3% tender 9/1/2049 (b) | 170000 | 168416 |
|  |  | 427490 |
| General Obligations - 0.5% |  |  |
| City of New York NY Gen. Oblig. Series 2018 C, 3% 8/1/2033  | 160000 | 160011 |
| New York Energy Finance Development Corp Series 2025, 5% tender 7/1/2056 (Athene Annuity And Life Company Guaranteed) (b) | 265000 | 284873 |
| New York St Dorm Auth Revs Non St Supported Debt (St Lawrence Lewis Boces Proj.) Series 2020 A, 4% 8/15/2042  | 250000 | 244238 |
|  |  | 689122 |
| Health Care - 0.6% |  |  |
| Genesee County Funding Corp/The (Rochester General Hospital,Ny Proj.) 5% 12/1/2030  | 250000 | 270588 |
| New York NY City Health & Hosp Series 2025A, 5% 2/15/2033  | 500000 | 579006 |
|  |  | 849594 |
| Housing - 0.4% |  |  |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2024 A2, 3.625% tender 11/1/2063 (b) | 110000 | 110906 |
| New York St Hsg Fin Agy Series 2023 C2, 3.8% tender 11/1/2062 (b) | 370000 | 370114 |
| New York St Hsg Fin Agy Series 2023 E 2, 3.8% tender 11/1/2063 (b) | 35000 | 35010 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 J, 3.05% 11/1/2049  | 15000 | 11535 |
|  |  | 527565 |
| Special Tax - 1.2% |  |  |
| New York NY City Transitional Fin Auth Rev 3% 11/1/2039  | 510000 | 461091 |
| New York NY City Transitional Fin Auth Rev Series 2016, 3.125% 8/1/2031  | 230000 | 230037 |
| New York State Urban Development Corp (New York State Pit Proj.) 4% 3/15/2037  | 5000 | 5078 |
| New York Urban Dev Corp Sales Tax Rev (New York State Sales Tax Rev Proj.) Series 2019 A, 3% 3/15/2049  | 1000000 | 752552 |
|  |  | 1448758 |
| Tobacco Bonds - 0.1% |  |  |
| Suffolk Tobacco Asset Securitization Corp NY Tobacco Settlement Series 2021B1, 4% 6/1/2050  | 185000 | 168298 |
| Transportation - 0.1% |  |  |
| Metropolitan Transn Auth NY Rv 4% 11/15/2047  | 15000 | 13782 |
| New York Transportation Development Corp (Delta Air Lines 1991 Series J Pass Through Trust Proj.) Series 2020, 4% 10/1/2030 (c) | 20000 | 20382 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2028 (c) | 20000 | 21051 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2034 (c) | 35000 | 37790 |
| New York Transportation Development Corp (Jfk Intl Terminal 6 Proj.) 5.5% 12/31/2054 (c) | 100000 | 102936 |
|  |  | 195941 |
| TOTAL NEW YORK |  | 4306768 |
| North Carolina - 1.4%  |  |  |
| Education - 0.4% |  |  |
| North Carolina St Ed Assistance Auth Rev Series 2023A, 5.5% 6/1/2028 (c) | 550000 | 576055 |
| Housing - 0.6% |  |  |
| North Carolina Hsg Fin Agy (NC Homeownership Proj.) Series 59 A, 6.25% 1/1/2057 (f) | 700000 | 798775 |
| Transportation - 0.4% |  |  |
| Charlotte NC Arpt Rev Series 2025B, 5.25% 7/1/2044 (c) | 500000 | 537409 |
| TOTAL NORTH CAROLINA |  | 1912239 |
| North Dakota - 0.5%  |  |  |
| Health Care - 0.4% |  |  |
| Grand Forks ND Health Care Sys Rev (Altru Health System Proj.) 4% 12/1/2046  | 60000 | 52075 |
| Grand Forks ND Health Care Sys Rev (Altru Health System Proj.) 5% 12/1/2028  | 500000 | 520169 |
|  |  | 572244 |
| Housing - 0.1% |  |  |
| North Dakota St Hsg Fin Agy (ND Single Family Hsg Proj.) Series 2023 F, 6.25% 1/1/2054  | 95000 | 102898 |
| TOTAL NORTH DAKOTA |  | 675142 |
| Ohio - 2.4%  |  |  |
| Education - 0.3% |  |  |
| Ohio St Higher Ed Fac Comm (Kenyon College, OH Proj.) 5% 7/1/2035  | 30000 | 32289 |
| Ohio St Higher Ed Fac Comm (Xavier Univ, OH Proj.) 5% 5/1/2045  | 200000 | 202757 |
| Ohio St Higher Ed Fac Comm (Xavier Univ, OH Proj.) 5.25% 5/1/2054  | 100000 | 101977 |
| Ohio St Higher Ed Fac Comm (Xavier Univ, OH Proj.) Series 2015C, 3.75% 5/1/2038  | 5000 | 4853 |
|  |  | 341876 |
| Electric Utilities - 0.6% |  |  |
| American Mun Pwr Rev Series 2016A, 3% 2/15/2036  | 10000 | 9213 |
| American Mun Pwr Rev Series 2023A, 5% 2/15/2028  | 500000 | 525458 |
| Ohio St Air Quality Dev Auth (American Electric Power Co Inc Proj.) Series 2005B, 3.7% 7/1/2028 (c) | 225000 | 224981 |
|  |  | 759652 |
| Escrowed/Pre-Refunded - 0.1% |  |  |
| Akron Bath Copley Hsp Dist OH Series 2020, 5% 11/15/2031 (Pre-refunded to 11/15/2030 at 100)  | 100000 | 110375 |
| Akron Bath Copley Hsp Dist OH Series 2020, 5% 11/15/2032 (Pre-refunded to 11/15/2030 at 100)  | 15000 | 16556 |
|  |  | 126931 |
| Health Care - 1.1% |  |  |
| Hamilton Cnty Ohio Health Care Rev (Life Enriching Communities Proj.) Series 2025, 5.5% 1/1/2040  | 425000 | 455498 |
| Montgomery Cnty OH Hosp Rev (Kettering Med Ctr Inc, OH Proj.) Series 2021, 5% 8/1/2032  | 25000 | 27362 |
| Muskingum Cnty OH Hosp Facs (Genesis Healthcare Proj.) Series 2013, 5% 2/15/2048  | 200000 | 189849 |
| Ohio St Hosp Rev (University Hosp Hlth Sys, OH Proj.) Series 2020 A, 5% 1/15/2036  | 305000 | 321582 |
| Ohio St Hosp Rev (University Hosp Hlth Sys, OH Proj.) Series 2021 A, 3% 1/15/2046  | 120000 | 90689 |
| Ohio St Hsg Fin Agy Res Mtg Rev (Cleveland Clinic Foundation/The Proj.) Series 2017A, 3.25% 1/1/2037  | 445000 | 430506 |
|  |  | 1515486 |
| Other - 0.0% |  |  |
| Cuyahoga Cnty OH Econ Dev Rev (Cleveland Orchestra Proj.) Series 2019, 5% 1/1/2034  | 5000 | 5322 |
| Tobacco Bonds - 0.2% |  |  |
| Buckeye OH Tobacco Settlement Fing Auth Series 2020A 2 CL 1, 3% 6/1/2048  | 400000 | 283352 |
| Water & Sewer - 0.1% |  |  |
| Northeast OH Regl Swr Wstwtr Rev Series 2019, 3% 11/15/2038  | 200000 | 180114 |
| TOTAL OHIO |  | 3212733 |
| Oklahoma - 0.0%  |  |  |
| Housing - 0.0% |  |  |
| Oklahoma Hsg Fin Agy Single Family Mtg Rev (OK Sf Mtge Rev Bonds 10/1/18 Proj.) Series 2023D, 6.5% 9/1/2054  | 95000 | 106378 |
| Oregon - 0.8%  |  |  |
| General Obligations - 0.6% |  |  |
| Redmond or Gen. Oblig. Series 2025 A, 5% 6/1/2040 (c) | 780000 | 831820 |
| Health Care - 0.0% |  |  |
| Medford OR Hosp Facs Auth Rev (Asante Health System Proj.) Series 2020 A, 5% 8/15/2036  | 10000 | 10666 |
| Housing - 0.0% |  |  |
| Oregon St Hsg & Cmnty Svcs Dpt (OR Single Family Hsg Proj.) Series 2019A, 2.65% 7/1/2039  | 10000 | 8851 |
| Transportation - 0.2% |  |  |
| Port of Portland Arpt Rev 5% 7/1/2030 (c) | 225000 | 245277 |
| TOTAL OREGON |  | 1096614 |
| Pennsylvania - 4.3%  |  |  |
| Education - 0.3% |  |  |
| Lycoming Cnty PA Auth College Rev (Pennsylvania College of Technology Proj.) Series 2016, 3% 10/1/2037  | 465000 | 419644 |
| General Obligations - 1.4% |  |  |
| Pennsylvania St Gen. Oblig. Series 2025 A, 5% 8/15/2031  | 1000000 | 1130085 |
| Pennsylvania St Gen. Oblig. Series FIRST 2020, 3% 5/1/2036  | 310000 | 289760 |
| Pennsylvania St Gen. Oblig. Series FIRST 2021, 3% 5/15/2034  | 40000 | 38373 |
| Philadelphia PA Gen. Oblig. Series 2025 C, 5% 8/1/2030  | 330000 | 364455 |
|  |  | 1822673 |
| Health Care - 2.1% |  |  |
| Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series 2018 A, 3.375% 11/15/2031  | 10000 | 10057 |
| Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) 5% 7/15/2028  | 580000 | 586512 |
| Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) 5% 7/15/2029  | 220000 | 222619 |
| Geisinger Auth PA Hlth Sys Rev (Kaiser Permanente Hlth System Proj.) Series 2017 A 2, 5% 2/15/2031  | 10000 | 10256 |
| Geisinger Auth PA Hlth Sys Rev (Kaiser Permanente Hlth System Proj.) Series 2020 B, 5% tender 4/1/2043 (b) | 50000 | 50770 |
| Lancaster Cnty PA Hosp Aut Rev (Masonic Villages of The Grand Lodge of Pennsylvania Proj.) Series 2025 A, 5% 11/1/2027  | 1160000 | 1200926 |
| Northampton Cnty PA Gen Purp Auth Hosp Rev (St Lukes Hospital & Health Ntw Proj.) Series 2016 A, 3% 8/15/2032  | 100000 | 97959 |
| Pennslyvania Dev Fing Auth Rev (UPMC Proj.) Series 2016, 4% 3/15/2041  | 630000 | 613122 |
|  |  | 2792221 |
| Transportation - 0.5% |  |  |
| Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2021 A, 4% 1/1/2039 (c) | 270000 | 267931 |
| Pennsylvania Turnpike Commission Series 2021 B, 5% 12/1/2033  | 25000 | 28083 |
| Pennsylvania Turnpike Commission Series A 1, 5% 12/1/2027  | 5000 | 5008 |
| Pennsylvania Turnpike Commission Series THIRD 2025 SUB 2, 5% tender 12/1/2045 (b) | 500000 | 567111 |
|  |  | 868133 |
| TOTAL PENNSYLVANIA |  | 5902671 |
| Puerto Rico - 0.5%  |  |  |
| General Obligations - 0.5% |  |  |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033 (d) | 500000 | 360679 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 4% 7/1/2033  | 14000 | 13840 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 4% 7/1/2037  | 250000 | 239232 |
|  |  | 613751 |
| Special Tax - 0.0% |  |  |
| Puerto Rico Sales Tax Fing Corp Sales Tax Rev Series A 1, 0% 7/1/2031 (d) | 24000 | 19627 |
| TOTAL PUERTO RICO |  | 633378 |
| Rhode Island - 1.0%  |  |  |
| Education - 1.0% |  |  |
| Rhode Island St Student Ln 5% 12/1/2028 (c) | 1200000 | 1256571 |
| Rhode Island St Student Ln Series 2024 A, 5% 12/1/2028 (c) | 55000 | 57592 |
|  |  | 1314163 |
| TOTAL RHODE ISLAND |  | 1314163 |
| South Carolina - 1.6%  |  |  |
| Electric Utilities - 0.8% |  |  |
| South Carolina St Svc Auth Rev 5% 12/1/2030  | 700000 | 773417 |
| South Carolina St Svc Auth Rev Series 2024 A, 5% 12/1/2039  | 95000 | 104332 |
| South Carolina St Svc Auth Rev Series 2024 A, 5.25% 12/1/2049  | 30000 | 31726 |
| South Carolina St Svc Auth Rev Series 2024 A, 5.5% 12/1/2054  | 40000 | 42935 |
| South Carolina St Svc Auth Rev Series 2024B, 4.125% 12/1/2044  | 10000 | 9526 |
| South Carolina St Svc Auth Rev Series 2024B, 5% 12/1/2046  | 15000 | 15627 |
| South Carolina St Svc Auth Rev Series 2024B, 5.25% 12/1/2054  | 110000 | 115622 |
|  |  | 1093185 |
| Health Care - 0.2% |  |  |
| Ctsc Jobs-Eco Dev Aut (Beaufort Mem Hosp Proj.) Series 2024, 5.75% 11/15/2054  | 200000 | 207356 |
| Housing - 0.6% |  |  |
| South Carolina Hsg Fin Dev Aut (SC Mortgage Proj.) Series 2025 C, 5% 1/1/2031  | 340000 | 373465 |
| South Carolina Hsg Fin Dev Aut (SC Mortgage Proj.) Series 2025 C, 5% 7/1/2031  | 350000 | 386801 |
|  |  | 760266 |
| Transportation - 0.0% |  |  |
| Charleston Cnty SC Arpt Dist Series 2024A, 5.25% 7/1/2049 (c) | 110000 | 115059 |
| TOTAL SOUTH CAROLINA |  | 2175866 |
| South Dakota - 1.1%  |  |  |
| Health Care - 0.4% |  |  |
| South Dakota St Hlth & Edl Fac (Sanford Health, Sd Proj.) 5% tender 11/1/2051 (b) | 500000 | 549949 |
| Housing - 0.7% |  |  |
| South Dakota Housing Development Authority (SD Mortgage Proj.) Series 2023G, 6.25% 5/1/2055  | 90000 | 97239 |
| South Dakota Hsg Dev Aut Series 2025E, 6.25% 5/1/2056  | 690000 | 788055 |
|  |  | 885294 |
| TOTAL SOUTH DAKOTA |  | 1435243 |
| Tennessee - 1.4%  |  |  |
| Electric Utilities - 0.1% |  |  |
| Metro Gov Nashville & Davidson Cnty Elec Rev Series 2024 A, 5.25% 5/15/2049  | 100000 | 107136 |
| Metro Gov Nashville & Davidson Cnty Elec Rev Series 2024 B, 5% 5/15/2027  | 100000 | 103597 |
|  |  | 210733 |
| General Obligations - 0.7% |  |  |
| Metropolitan Govt Nashville & Davidson Cnty TN Gen. Oblig. Series 2021 C, 3% 1/1/2035  | 350000 | 342455 |
| Tennessee Engy Acq Crp Gas Rev Series 2025A, 5% 12/1/2035 (Pacific Life Insurance Co Guaranteed)  | 450000 | 489768 |
|  |  | 832223 |
| Health Care - 0.6% |  |  |
| Chatanooga TN Health Ed & Hsg Fac Brd Rev (CommonSpirit Health Proj.) Series 2019A 1, 3.25% 8/1/2044  | 340000 | 282947 |
| Shelby Cnty TN Hlth Edl & Hsg Facs (Methodist Le Bonheur Health Proj.) Series 2017A, 3.375% 5/1/2032  | 5000 | 4992 |
| Shelby County Health Educational & Housing Facilities Board (Baptist Memorial Hlth Car Corp Proj.) Series 2025 B, 5% tender 9/1/2044 (b) | 500000 | 538483 |
|  |  | 826422 |
| Housing - 0.0% |  |  |
| Tennessee Housing Development Agency Series 2019 4, 2.9% 7/1/2039  | 15000 | 13009 |
| Transportation - 0.0% |  |  |
| Memphis-Shelby Cnty TN Arpt Auth Series 2018, 5% 7/1/2038 (c) | 5000 | 5084 |
| TOTAL TENNESSEE |  | 1887471 |
| Texas - 12.3%  |  |  |
| Education - 1.5% |  |  |
| Brazos Tex Higher Ed Auth Inc Student Loan Prog Rev 5% 4/1/2029 (c) | 350000 | 365418 |
| Houston TX Higher Ed Fin Corp Univ Rev (Houston Baptist University Proj.) 5.125% 10/1/2051  | 725000 | 686992 |
| North Tex Higher Ed Auth Inc Tex Ed Ln Rev Series 2025A, 5% 6/1/2030 (c) | 500000 | 526948 |
| Red Riv Ed Fin Corp Tex Higher Ed Rev (Houston Baptist University Proj.) Series 2017, 4.5% 10/1/2036  | 330000 | 330251 |
| Southwest Hrg Ed Auth Tex Rev (Southern Methodist Univ, TX Proj.) 5% 10/1/2039  | 5000 | 5106 |
| University Houston TX Univ Rev Series 2017 C, 3.125% 2/15/2036  | 50000 | 49055 |
|  |  | 1963770 |
| Electric Utilities - 1.6% |  |  |
| Lower Colorado River Authority (Lcra Transmission Services Corp Proj.) 5% 5/15/2034  | 5000 | 5340 |
| Lower Colorado River Authority Series 2025 A, 5% 5/15/2028  | 1000000 | 1056109 |
| San Antonio TX Elec & Gas Rev Series 2024C, 5.5% 2/1/2049  | 500000 | 548536 |
| San Antonio TX Elec & Gas Rev Series 2025A, 3.2% tender 2/1/2055 (b)(f) | 500000 | 499507 |
|  |  | 2109492 |
| General Obligations - 1.7% |  |  |
| City of Waco TX Gen. Oblig. Series 2020, 2.375% 2/1/2040  | 40000 | 31432 |
| Dallas TX ISD 5% 2/15/2030 (Permanent Sch Fund of Texas Guaranteed)  | 75000 | 82371 |
| Prosper Tex Indpt Sch Dist Series 2025, 5% 2/15/2032 (Permanent Sch Fund of Texas Guaranteed)  | 400000 | 452828 |
| Prosper Tex Indpt Sch Dist Series 2025, 5% 2/15/2033 (Permanent Sch Fund of Texas Guaranteed)  | 600000 | 690425 |
| South Buda Wtr Ctl & Impt Dist No 1 Tex Gen. Oblig. Series 2020, 2.5% 8/1/2050 (Assured Guaranty Inc Insured)  | 500000 | 323080 |
| Texas State Gen. Oblig. Series 2017, 3% 8/1/2034 (c) | 675000 | 640466 |
|  |  | 2220602 |
| Health Care - 0.1% |  |  |
| New Hope Cultural Ed Facs Fin Corp Tex Cap Impt Rev (Childrens Med Ctr of Dallas Proj.) Series 2017A, 4% 8/15/2040  | 265000 | 256414 |
| Housing - 0.4% |  |  |
| Houston Tex Fin Corp Multifamilty Hsg Rev 5% tender 8/1/2041 (b) | 25000 | 25319 |
| Texas Dept Hsg & Cmnty Affrs Res Mtg Rev 5.1% 7/1/2050  | 500000 | 515582 |
|  |  | 540901 |
| Industrial Development - 0.7% |  |  |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 4.05% 4/1/2040 VRDN (b) | 900000 | 900000 |
| Special Tax - 0.2% |  |  |
| Fort Worth Tex Spl Tax Rev (Will Rogers Memorial Ctr Proj.) Series 2025, 5% 3/1/2027  | 400000 | 412145 |
| Transportation - 3.2% |  |  |
| City of Houston TX Airport System Revenue Series 2020 A, 4% 7/1/2047 (c) | 475000 | 426015 |
| Dallas Fort Worth International Airport Series 2025 A 1, 5% 11/1/2026 (c) | 1990000 | 2024472 |
| Dallas Fort Worth International Airport Series 2025 A 1, 5.25% 11/1/2040 (c) | 500000 | 552478 |
| Fort Bend Grand Parkway Toll Road Authority Series 2021 A, 3% 3/1/2037  | 580000 | 556542 |
| Grand Parkway Transportation Corp (Grand Parkway Trans Corp Tela Proj.) Series 2023, 5% tender 10/1/2052 (b) | 145000 | 150799 |
| North TX Twy Auth Rev Series 2024A, 5% 1/1/2041  | 650000 | 706273 |
|  |  | 4416579 |
| Water & Sewer - 2.9% |  |  |
| City of Georgetown TX Series 2025, 5% 8/15/2026  | 350000 | 355906 |
| City of Georgetown TX Series 2025, 5% 8/15/2027  | 500000 | 519663 |
| City of Georgetown TX Series 2025, 5% 8/15/2028  | 600000 | 637147 |
| City of Georgetown TX Series 2025, 5.25% 8/15/2050  | 570000 | 601246 |
| Garland TX Wtr & Swr Rev Series 2025, 5% 3/1/2031  | 330000 | 366451 |
| Garland TX Wtr & Swr Rev Series 2025, 5% 3/1/2044  | 645000 | 680935 |
| Texas Wtr Dev Brd 3% 10/15/2038  | 250000 | 231090 |
| Texas Wtr Dev Brd 5% 8/1/2035  | 5000 | 5372 |
| Upper Trinty TX Rgl Wtr Dst Rv Series 2025, 5% 8/1/2028 (Build America Mutual Assurance Co Insured)  | 500000 | 529839 |
|  |  | 3927649 |
| TOTAL TEXAS |  | 16747552 |
| Utah - 1.5%  |  |  |
| Housing - 0.4% |  |  |
| UT Hsg Corp Multifamily Rev Series 2025, 3% tender 9/1/2045 (b) | 500000 | 498240 |
| Utah Hsg Corp Series 2021E(G2), 2% 4/21/2051  | 9822 | 7883 |
|  |  | 506123 |
| Special Tax - 0.8% |  |  |
| Mida Mountain Village Public Infrastructure District Series 2024 2, 6% 6/15/2054 (e) | 500000 | 514643 |
| Point Phase 1 Public Infrastructure District No 1 Series 2025A1, 5.125% 3/1/2035  | 500000 | 522320 |
|  |  | 1036963 |
| Transportation - 0.3% |  |  |
| Salt Lake City UT Arpt Rev Series 2023A, 5.25% 7/1/2038 (c) | 270000 | 297292 |
| Salt Lake City UT Arpt Rev Series 2023A, 5.25% 7/1/2040 (c) | 150000 | 162384 |
|  |  | 459676 |
| TOTAL UTAH |  | 2002762 |
| Virgin Islands - 0.6%  |  |  |
| Transportation - 0.6% |  |  |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2027  | 800000 | 822138 |
| Virginia - 1.0%  |  |  |
| Education - 0.4% |  |  |
| Salem Economic Development Authority (Roanoke College Proj.) Series 2025, 6% 4/1/2050  | 550000 | 578753 |
| Health Care - 0.4% |  |  |
| Fairfax Cnty VA Indl Dev Auth Health Care Rev (Inova Health System Proj.) Series 2022, 4% 5/15/2042  | 495000 | 493341 |
| Housing - 0.0% |  |  |
| Fairfax Cnty VA Redev & Hsg Auth Multi-Family Hsg Rev 5% tender 1/1/2045 (b) | 20000 | 20597 |
| Transportation - 0.2% |  |  |
| Virginia Small Business Fing Auth Rev (95 Express Lanes LLC Proj.) Series 2022, 4% 1/1/2039 (c) | 100000 | 98214 |
| Virginia Small Business Fing Auth Rev (95 Express Lanes LLC Proj.) Series 2022, 4% 1/1/2040 (c) | 35000 | 33570 |
| Virginia Small Business Fing Auth Rev (95 Express Lanes LLC Proj.) Series 2022, 5% 7/1/2038 (c) | 185000 | 193742 |
|  |  | 325526 |
| TOTAL VIRGINIA |  | 1418217 |
| Washington - 3.1%  |  |  |
| Education - 0.3% |  |  |
| Washington St Higher Ed Facs (Whitman College Proj.) Series 2017, 4% 1/1/2047  | 310000 | 282450 |
| Washington St Higher Ed Facs (Whitman College Proj.) Series 2024, 4% 1/1/2043  | 25000 | 23902 |
| Washington St Hsg Fin Commn Nonprofit Rev (Seattle Academy Arts Sciences Proj.) Series 2023, 5% 7/1/2028 (e) | 155000 | 160376 |
|  |  | 466728 |
| Electric Utilities - 0.2% |  |  |
| Tacoma WA Elec Sys Rev Series 2025A, 5% 1/1/2045  | 200000 | 213255 |
| General Obligations - 0.8% |  |  |
| King Cnty Wash Hsg Auth Rev Series 2018, 3.25% 5/1/2033 (King County WA Guaranteed)  | 1000000 | 1002214 |
| State of Washington Gen. Oblig. Series 2024 D, 5% 6/1/2032  | 50000 | 57297 |
| State of Washington Gen. Oblig. Series R 2021A, 5% 6/1/2038  | 15000 | 16153 |
|  |  | 1075664 |
| Health Care - 0.5% |  |  |
| Washington St Health Care Facs Auth Rev (CommonSpirit Health Proj.) 5% 8/15/2027  | 75000 | 77379 |
| Washington St Health Care Facs Auth Rev (CommonSpirit Health Proj.) Series 2019 A 1, 5% 8/1/2036  | 10000 | 10496 |
| Washington St Health Care Facs Auth Rev (Multicare Health System, WA Proj.) Series 2017B, 5% 8/15/2030  | 15000 | 15599 |
| Washington St Health Care Facs Auth Rev (Overlake Hospital Med Ctr, WA Proj.) 5% 7/1/2027  | 150000 | 153331 |
| Washington St Health Care Facs Auth Rev (Overlake Hospital Med Ctr, WA Proj.) 5% 7/1/2036  | 155000 | 157987 |
| Washington St Health Care Facs Auth Rev (Overlake Hospital Med Ctr, WA Proj.) Series 2017 A, 4% 7/1/2042  | 10000 | 9444 |
| Washington St Health Care Facs Auth Rev (Providence Health Systems Proj.) 4.25% 10/1/2040  | 275000 | 274999 |
| Washington St Health Care Facs Auth Rev (Providence Health Systems Proj.) Series 2018 B, 5% 10/1/2031  | 25000 | 26415 |
| Washington St Health Care Facs Auth Rev (Providence Health Systems Proj.) Series 2018 B, 5% 10/1/2033  | 15000 | 15763 |
|  |  | 741413 |
| Housing - 0.0% |  |  |
| Washington St Hsg Fin Commn Multifamily Hsg Rev Series 2023, 5% tender 12/1/2043 (b) | 45000 | 45448 |
| Transportation - 1.3% |  |  |
| Port Seattle WA Rev Series 2018A, 5% 5/1/2037 (c) | 5000 | 5074 |
| Port Seattle WA Rev Series 2019, 5% 4/1/2035 (c) | 30000 | 31584 |
| Port Seattle WA Rev Series 2019, 5% 4/1/2036 (c) | 5000 | 5244 |
| Port Seattle WA Rev Series 2024B, 5% 7/1/2037 (c) | 995000 | 1105487 |
| Port Seattle WA Rev Series C, 5% 5/1/2031 (c) | 500000 | 514421 |
|  |  | 1661810 |
| TOTAL WASHINGTON |  | 4204318 |
| West Virginia - 0.8%  |  |  |
| Electric Utilities - 0.0% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2015A, 3.375% tender 3/1/2040 (b) | 15000 | 15153 |
| Health Care - 0.8% |  |  |
| Monongalia Cty W VA Bld Cm Rev (Vandalia Health Proj.) Series 2015, 5% 7/1/2029  | 220000 | 220134 |
| West Virginia St Hosp Fin Auth Hosp Rev (Cabell-Huntington Hsp, WV Proj.) Series 2018 A, 5% 1/1/2043  | 70000 | 65782 |
| West Virginia St Hosp Fin Auth Hosp Rev (West Virginia United Health Sy Stem Proj.) Series 2016A, 3% 6/1/2033  | 520000 | 506905 |
| West Virginia St Hosp Fin Auth Hosp Rev (West Virginia United Health Sy Stem Proj.) Series 2016A, 3.25% 6/1/2039  | 290000 | 259524 |
| West Virginia St Hosp Fin Auth Hosp Rev (West Virginia United Health Sy Stem Proj.) Series 2025 B, 5% tender 6/1/2055 (b) | 30000 | 32874 |
|  |  | 1085219 |
| TOTAL WEST VIRGINIA |  | 1100372 |
| Wisconsin - 1.8%  |  |  |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Wisconsin St Health & Edl Facs Auth Rev Series 2013 B 2, 4% 11/15/2043 (Pre-refunded to 11/15/2028 at 100)  | 5000 | 5223 |
| General Obligations - 0.3% |  |  |
| Howard Suamico WI Scd 2% 3/1/2038  | 15000 | 11747 |
| Madison WI Met Sch Dist Series 2025A, 5% 3/1/2045  | 300000 | 321342 |
| Milwaukee WI Gen. Oblig. Series 2017, 5% 4/1/2026  | 5000 | 5038 |
| Westosha Cent High Sch Dist Wis 2% 3/1/2035  | 90000 | 75632 |
| Westosha Cent High Sch Dist Wis 2% 3/1/2036  | 60000 | 48976 |
|  |  | 462735 |
| Health Care - 1.4% |  |  |
| Public Fin Auth WI Hosp Rev (Renown Regional Medical Center Proj.) 3% 6/1/2045  | 255000 | 196122 |
| Public Fin Auth WI Hosp Rev (Renown Regional Medical Center Proj.) 4% 6/1/2045  | 100000 | 93388 |
| Public Fin Auth WI Hosp Rev (Renown Regional Medical Center Proj.) Series 2015A, 4.25% 6/1/2041  | 300000 | 293933 |
| Wisconsin Health & Educational Facilities Authority (Ascension Health Credit Group Proj.) Series 2016 A, 4% 11/15/2039  | 360000 | 350982 |
| Wisconsin Health & Educational Facilities Authority (Prohealth Care Inc Proj.) Series 2015, 3.15% 8/15/2027  | 80000 | 79361 |
| Wisconsin Health & Educational Facilities Authority (Sanford Health, SD Proj.) Series 2016 A, 3.5% 2/15/2046  | 240000 | 194888 |
| Wisconsin St Health & Edl Facs Auth Rev (Ascension Health Credit Group Proj.) Series 2013 B 2, 4% 11/15/2043  | 50000 | 47582 |
| Wisconsin St Health & Edl Facs Auth Rev (Aspirus Wausau Hospital Inc Proj.) Series 2021, 3% 8/15/2051  | 720000 | 528606 |
| Wisconsin St Health & Edl Facs Auth Rev (Gundersen Clinic - LA Crosse Proj.) Series 2021 A, 3% 10/15/2039  | 135000 | 116632 |
|  |  | 1901494 |
| Housing - 0.0% |  |  |
| Wisconsin Hsg & Eda Hsg Rev (Wi Mhsg Rev 2007 Proj.) Series 2023 E, 3.875% tender 11/1/2054 (b) | 40000 | 40015 |
| Industrial Development - 0.1% |  |  |
| Public Fin Auth WI Revenue (Mclemore Hotel Proj.) Series 2021 A, 4.5% 6/1/2056 (e) | 115000 | 83950 |
| TOTAL WISCONSIN |  | 2493417 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $127,223,963) |  | <br> **130591918** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 3.7%** | &nbsp;&nbsp;**Money Market Funds - 3.7%** | &nbsp;&nbsp;**Money Market Funds - 3.7%** | &nbsp;&nbsp;**Money Market Funds - 3.7%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Municipal Cash Central Fund (g)(h)<br>(Cost $5,061,438)<br>| 3.44 | 5060426 | **5061438** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.8%**<br> (Cost $132,285,401)<br>| <br>**135653356** |
| **NET OTHER ASSETS (LIABILITIES) - 0.2%**  | **270982** |
| **NET ASSETS - 100.0%** | **135924338** |

---

**Security Type Abbreviations**

VRDN - VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(c) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(d) Zero coupon bond which is issued at a discount.

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,162,028 or 2.3% of net assets.

(f) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(g) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.

(h) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 4001785 | 61261321 | 60201668 | 219782 | - | - | 5061438 | 5060426 | 0.2% |
| Total | 4001785 | 61261321 | 60201668 | 219782 | - | - | 5061438 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Merrimack Street Trust

- **b. Investment Company Act file number:** 811-22796

- **c. CIK number of Registrant:** 0001562565

- **d. LEI of Registrant:** 549300782HVYOIE6CE74

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Municipal Bond Opportunities ETF

- **b. EDGAR series identifier (if any):** S000089370

- **c. LEI of Series:** 2549008RHPG06XPPE919

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

- **a. Date of fiscal year-end:** 2026-01-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $137350530.04

**Total Liabilities:** $3470735.70

**Net Assets:** $133879794.34

**Delayed Delivery Securities:** $3053594.50

**Cash Not Reported:** $99975.85

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 5201.74466268 | **1-Year:** 18787.87440014 | **5-Year:** 32576.43812054 | **10-Year:** 17621.08037195 | **30-Year:** 2334.70681048

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

- **3-Month:** 444.62308510 | **1-Year:** 1500.22070480 | **5-Year:** 2722.36847590 | **10-Year:** 1833.06413330 | **30-Year:** 491.63081850

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255892 | 0.90%                | 2.05%                | 1.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74781.16                | $505068.27                                 |
| Month 2  | $64.83                   | $2083425.50                                |
| Month 3  | $60.98                   | $885147.14                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MINNESOTA AGRIC and EC DEV BRD                                                     | MN AG and EC DEV 5.25% 1/1/2054                                                   | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104070.69    | 0.08%             | 2054-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 5/1/2055 MT                                                    | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2172003.20   | 1.62%             | 2055-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UPPER TRINTY TX RGL WTR DST RV                                                     | UPPER TRINITY T 5% 8/1/2028                                                       | CUSIP: 916672Y85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529838.55    | 0.40%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RED RIV ED FIN CORP TEX HIGHER ED REV                                              | RED RIV ED FIN 4.50% 10/1/2036                                                    | CUSIP: 756870AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330250.57    | 0.25%             | 2036-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSON ST UNIV EDL BLDG CORP MS REV                                               | JACKSON ST UNIV/SBAM 1.4% 3/1/2034                                                | CUSIP: 468714FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $86351.90     | 0.06%             | 2034-03-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH REV                                              | VA ST SBFA 5% 7/1/2038 @                                                          | CUSIP: 928104PP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $193741.56    | 0.14%             | 2038-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.375% MT                                                           | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100958.51    | 0.08%             | 2034-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2035                                                                 | CUSIP: 452153JS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56244.11     | 0.04%             | 2035-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST ALA COOP DISTENERGY SUPPLY REV                                    | ENERGY SOUTHEAS 5% 11/1/2035                                                      | CUSIP: 292723CU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $102288.43    | 0.08%             | 2035-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PEA RIDGE ARK SCH DIST NO 109                                                      | PEA R AR 704537 2% 2/1/2035                                                       | CUSIP: 704537ZU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $175970.36    | 0.13%             | 2035-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY GA DEV AUTH REV                                                       | FAYET GA 31222P 5% 10/1/2028                                                      | CUSIP: 31222PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $340939.69    | 0.25%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNI SCH DIST                                                        | LA CA USD 3% 7/1/2035                                                             | CUSIP: 544647DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4930.07      | 0.00%             | 2035-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2030                                                       | CUSIP: 93978HTH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15598.72     | 0.01%             | 2030-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVS NONST SUPPORTED DEBT                                    | NEW YORK DORM 4% 8/15/2042                                                        | CUSIP: 64990GX49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244237.28    | 0.18%             | 2042-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 5% 8/15/2035                                                      | CUSIP: 45204ENZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10217.37     | 0.01%             | 2035-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2038@                                                      | CUSIP: 64763HJH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60482.39     | 0.05%             | 2038-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 7/1/2037 @                                                        | CUSIP: 7353892J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1105486.79   | 0.83%             | 2037-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.5% 6/1/2049 MT                                                   | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    545000 | PA      | $578427.90    | 0.43%             | 2049-06-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HOWARD SUAMICO WI SCD                                                              | HOWARD SUAMICO 2% 3/1/2038                                                        | CUSIP: 442841MW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $11746.82     | 0.01%             | 2038-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | STATE OF ILLINO 5% 3/1/2030                                                       | CUSIP: 452153AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $130025.98    | 0.10%             | 2030-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5% 12/1/2027 @                                                     | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93590.18     | 0.07%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STEEL PT INFRASTRUCTURE IMPT DIST CONN SPL OBLIG REV                               | STEEL PT INFRAS 5.625% 4/1/2044                                                   | CUSIP: 85814YAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104470.33    | 0.08%             | 2044-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                                  | CHICAGO IL BOE 5% 12/1/2031                                                       | CUSIP: 167505SX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101106.65    | 0.08%             | 2031-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 3.25% 6/15/2039                                                         | CUSIP: 6461365L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $144073.86    | 0.11%             | 2039-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 4% 10/1/2030@                                                       | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20382.85     | 0.02%             | 2030-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 7/1/2036                                                        | CUSIP: 93978HTX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $157986.93    | 0.12%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH LEASE REVENUES AUTH                                       | PHOENIX AZ IDAL 5.125% 2/1/2034                                                   | CUSIP: 71885MAQ5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98110.08     | 0.07%             | 2034-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | MET PIER and EXPO/NATL 0% 12/15/33                                                | CUSIP: 592247K33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $15026.80     | 0.01%             | 2033-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MADISON WI MET SCH DIST                                                            | MADISON WI MSD 5% 3/1/2045                                                        | CUSIP: 558495RC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $321342.24    | 0.24%             | 2045-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUFFOLK TOB ASSET SECURITIZATION CORP NY TOB SETTLEMENT ASSET-BKD                  | SUFFOLK TOB NY 4% 6/1/2050                                                        | CUSIP: 864809CC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $168297.90    | 0.13%             | 2050-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2033 @                                                        | CUSIP: 544445FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15566.32     | 0.01%             | 2033-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE URBAN DEVELOPMENT CORP                                              | NY STATE UR D 4% 3/15/2037                                                        | CUSIP: 650036BY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5078.34      | 0.00%             | 2037-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 5.50% 12/31/2054 @                                                  | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102935.64    | 0.08%             | 2054-12-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HIGHER ED FACS                                                       | WA HI ED 4% 1/1/2043                                                              | CUSIP: 9397816S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23901.84     | 0.02%             | 2043-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                          | JEFF AL W+S 5% 10/1/2038                                                          | CUSIP: 472682ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546566.00    | 0.41%             | 2038-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                                | PR ST 4% 7/1/2037                                                                 | CUSIP: 74514L3M7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239232.25    | 0.18%             | 2037-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIFIED SCH DIST                                                          | POWAY CALIF UNI SCH DIST CAP APPREC-SCH FACS IMPT                                 | CUSIP: 738850RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $38666.16     | 0.03%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                       | LIPA NY 5% 9/1/2034                                                               | CUSIP: 542691DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5469.50      | 0.00%             | 2034-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% MT                                                             | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $547613.30    | 0.41%             | 2055-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRE CNTY PA HOSP AUTH REV                                                       | CENTRE CNTY PA 3.375% 11/15/2031                                                  | CUSIP: 156273GW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10058.37     | 0.01%             | 2031-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 5% 7/1/2035Q                                                         | CUSIP: 67756DUH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32288.99     | 0.02%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY AZ UNIV REVS                                                            | UNIV AZ 3% 6/1/2034                                                               | CUSIP: 040484NU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49080.51     | 0.04%             | 2034-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                        | NYC TFA (PIT) 3.125% 8/1/2031                                                     | CUSIP: 64971WVV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230037.47    | 0.17%             | 2031-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                           | SAN DIEGO ARPT 5.25% 7/1/39@                                                      | CUSIP: 79739GSW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $395734.61    | 0.30%             | 2039-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST ED ASSISTANCE AUTH REV                                           | NC ED ASSIST 5.50% 6/1/2028 @                                                     | CUSIP: 658262GQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $576055.15    | 0.43%             | 2028-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 7/1/2032                                                        | CUSIP: 20775DEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5362.97      | 0.00%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                                          | IL SALES TAX 3% 6/15/2034                                                         | CUSIP: 452227KF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $204362.36    | 0.15%             | 2034-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP STUDENT HSG REV                                               | FLORIDA DEV FNI 5.25% 6/1/2059                                                    | CUSIP: 34062AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95817.39     | 0.07%             | 2059-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTANA FACILITY FIN AUTH REV                                                      | MT ST FAC FIN 5% 2/15/2065                                                        | CUSIP: 61204KPV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537541.95    | 0.40%             | 2065-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 4% 8/1/2037                                                        | CUSIP: 45204FNG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94288.70     | 0.07%             | 2037-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST HRG ED AUTH TEX REV                                                      | SW HGR ED TX 5% 10/1/2039                                                         | CUSIP: 845040MC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5106.33      | 0.00%             | 2039-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEVADA ST                                                                          | NV ST 3% 5/1/2040                                                                 | CUSIP: 641462UZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $76598.46     | 0.06%             | 2040-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX UTIL SYS REV                                                        | GEORGETOWN TX U 5% 8/15/2028                                                      | CUSIP: 373064Y65<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |    600000 | PA      | $637145.88    | 0.48%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                                                                         | REDMOND OR 5% 6/1/2040@                                                           | CUSIP: 757657ZL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $831819.53    | 0.62%             | 2040-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.8% MT                                                              | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $341156.07    | 0.25%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY GA DEV AUTH REV                                                       | FAYET GA 31222P 5% 10/1/2030                                                      | CUSIP: 31222PAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432473.28    | 0.32%             | 2030-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 10/1/2035                                                       | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    360000 | PA      | $374869.08    | 0.28%             | 2035-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                              | CHARLOTTE NC AP 5.25% 7/1/2044@                                                   | CUSIP: 161036YE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537408.75    | 0.40%             | 2044-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                      | ST JOHN BAP REV 4.05% MT                                                          | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $261897.74    | 0.20%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 5.25% MT                        | CUSIP: 84136HBT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $333878.00    | 0.25%             | 2055-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH STUDENT HSG REV                                           | PHOENIX IDA STU 5% 7/1/2031                                                       | CUSIP: 71885DDV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78095.27     | 0.06%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                         | CTR PLN ENG GAS 5% MT                                                             | CUSIP: 154871CW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144732.10    | 0.11%             | 2054-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA HSG FIN DEV AUT                                                     | SC HSG DEV AUT 5% 7/1/2031                                                        | CUSIP: 83712GAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $386800.54    | 0.29%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                      | PA TPK 5% 12/1/2027                                                               | CUSIP: 709224ML0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5008.16      | 0.00%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HALIFAX HOSP MED CTR FL HOSP                                                       | HALIFAX FL HOSP 3.75% 6/1/2041                                                    | CUSIP: 405815LH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $86124.10     | 0.06%             | 2041-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 3.75% 5/1/2038                                                       | CUSIP: 67756DDT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4853.01      | 0.00%             | 2038-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NASHUA NH                                                                          | NASHUA N H (OLD 2% 8/1/2037                                                       | CUSIP: 631298FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $344506.70    | 0.26%             | 2037-08-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MUSKINGUM CNTY OH HOSP FACS                                                        | MUSKINGUM CNTY OH 5% 2/15/48                                                      | CUSIP: 628077CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $189849.00    | 0.14%             | 2048-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 3% 5/1/2036                                                                 | CUSIP: 70914PS52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $289760.07    | 0.22%             | 2036-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP                                                                      | UTAH HSG CORP 2% 4/21/2051                                                        | CUSIP: 91743PDP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      9822 | PA      | $7883.02      | 0.01%             | 2051-04-21      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% 4/1/2029                                                        | CUSIP: 13013JGT7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527647.55    | 0.39%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH REV                                                        | CA ST MFA REV 3.50% 6/1/2034                                                      | CUSIP: 13048T2P7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48868.22     | 0.04%             | 2034-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                           | MASS DEVEL FIN 4% 7/1/2046                                                        | CUSIP: 57584YG94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $451803.44    | 0.34%             | 2046-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 4% 11/15/2043                                                      | CUSIP: 97712JPN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5222.99      | 0.00%             | 2043-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% MT                                                             | CUSIP: 74440DEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85009.94     | 0.06%             | 2055-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TALLAHASSEE FL HEALTH FACS REV                                                     | TALAHASSEE HLTH 4% 12/1/35                                                        | CUSIP: 874485CQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489858.55    | 0.37%             | 2035-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SHELBY CO TN HLTH EDL and HSG FACS                                                 | SHELBY TN HLT 3.375% 5/1/2032                                                     | CUSIP: 821697S42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4992.19      | 0.00%             | 2032-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| STEEL PT INFRASTRUCTURE IMPT DIST CONN SPL OBLIG REV                               | STEEL PT INFRAS 4% 4/1/2051                                                       | CUSIP: 85814YAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85751.65     | 0.06%             | 2051-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FORT BEND TEX GRAND PKWY TOLL RD AUTH LTD CONTRACT TAX TOLL RD REV                 | FORT BEND TX G 3% 3/1/2037                                                        | CUSIP: 346832CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $556541.78    | 0.42%             | 2037-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| IOWA HIGHER ED LN AUTH REV                                                         | IA HI ED 5% 10/1/2045                                                             | CUSIP: 46247DBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $368336.63    | 0.28%             | 2045-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OH REGL SWR WSTWTR R                                                     | NE OH REG SWR 3% 11/15/2038                                                       | CUSIP: 663903HV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $180113.52    | 0.13%             | 2038-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | MET PIER and EXPO 0% 6/15/2046                                                    | CUSIP: 592248BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $38364.45     | 0.03%             | 2046-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                               | AMERICAN MUN OH 3% 2/15/2036                                                      | CUSIP: 02765ULN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9212.72      | 0.01%             | 2036-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                         | LOUIS/JEFF HLTH 5% MT                                                             | CUSIP: 54659LCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355284.30    | 0.27%             | 2047-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 05/01/31@                                                         | CUSIP: 735389ZT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514420.90    | 0.38%             | 2031-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TN                                   | MET NASH TN 3% 1/1/2035                                                           | CUSIP: 592112VA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $342454.67    | 0.26%             | 2035-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                      | HONOLULU HI MFR 5% 12/1/2026 MT                                                   | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $343481.46    | 0.26%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY HSP DIST OH                                                      | AKRON BATH HSP 5% 11/15/2031                                                      | CUSIP: 009730PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110375.32    | 0.08%             | 2031-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 5% 5/1/2045                                                          | CUSIP: 67756DT30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202756.52    | 0.15%             | 2045-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                      | NJ ST HMFA MF1 5% 11/1/2026 @                                                     | CUSIP: 646108Z29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508385.85    | 0.38%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                    | PHILA PA 5% 8/1/2030                                                              | CUSIP: 717813C56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $364454.61    | 0.27%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5.50% 5/15/2036 @                                                     | CUSIP: 544445E54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $803224.14    | 0.60%             | 2036-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV EDA SLD WAST 3.375% MT                                                         | CUSIP: 95648VBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15152.59     | 0.01%             | 2040-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORPILL                                                   | SALES TAX SECUR 3% 1/1/2027                                                       | CUSIP: 79467BEP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    264000 | PA      | $264290.61    | 0.20%             | 2027-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL and HSG FAC BRD HEALTH CARE REV                        | SHELBY CNT TEN 5% 9/1/2044 MT                                                     | CUSIP: 821691AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538482.10    | 0.40%             | 2044-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                      | PA TPK 5% MT                                                                      | CUSIP: 709225RH1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $567111.10    | 0.42%             | 2045-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH REV                                                     | MA PORT 5% 7/1/2039                                                               | CUSIP: 575896YF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $474987.60    | 0.35%             | 2039-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD                                                                  | TX WTR 3% 10/15/2038                                                              | CUSIP: 8828544R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $231090.45    | 0.17%             | 2038-10-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2032@                                                      | CUSIP: 64763HHB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86250.17     | 0.06%             | 2032-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 4% 1/1/2043 @                                                       | CUSIP: 167593L42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $590510.40    | 0.44%             | 2043-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DUBOIS PA HOSP AUTH HOSP REV                                                       | DUBOIS PA HSP 5% 07/01/28                                                         | CUSIP: 263804BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $586511.54    | 0.44%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                         | PROSPER TX ISD 5% 2/15/2033                                                       | CUSIP: 7436005M6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $690425.16    | 0.52%             | 2033-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                                  | CHICAGO IL BOE 6.25% 12/1/2050                                                    | CUSIP: 167505ZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045353.90   | 0.78%             | 2050-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV                                       | GREAT LAKES WTR 5% 7/1/2031                                                       | CUSIP: 39081JHU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124215.30   | 0.84%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5.50% 5/1/2037 @                                                    | CUSIP: 79766DVR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $282835.75    | 0.21%             | 2037-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST DEV FIN BRD SOLID WASTE DISP REV                                       | MISSOURI ST DEV FIN BRD SOLID WASTE DISP REV PROCTER and GAMBLE PAPER PRODS@      | CUSIP: 60636LAA7<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    675000 | PA      | $717031.31    | 0.54%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH REV                                              | VA ST SBFA 4% 1/1/2040 @                                                          | CUSIP: 928104PS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $33570.78     | 0.03%             | 2040-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN PWR AGY REV                                                         | FL MUNI PWR 3% 10/1/2032                                                          | CUSIP: 342816R80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99212.32     | 0.07%             | 2032-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2030@                                                       | CUSIP: 167562UP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070052.30   | 0.80%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORPILL                                                   | SALES TAX SECUR 5% 1/1/2037                                                       | CUSIP: 79467BJB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $339220.50    | 0.25%             | 2037-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HIGHER ED FACS                                                       | WA HI ED 4% 1/1/2047                                                              | CUSIP: 939781U57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $282449.99    | 0.21%             | 2047-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 5.25% 1/1/2041@                                                     | CUSIP: 1675934M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54046.27     | 0.04%             | 2041-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H | MINNESOTA ST HI 5% 10/1/2033                                                      | CUSIP: 60416JBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154695.32    | 0.12%             | 2033-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HEALTH CARE SYS REV                                                 | GRD FORKS ND HL 5% 12/1/2028                                                      | CUSIP: 38546WCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520169.15    | 0.39%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 5% 12/1/2028 @                                                      | CUSIP: 650116DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21050.56     | 0.02%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                     | CT ST 3% 01/15/36                                                                 | CUSIP: 20772KMA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19482.41     | 0.01%             | 2036-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HOSP REV                                                        | MONTGMRY OH HSP 5% 8/1/2032                                                       | CUSIP: 613520MW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27362.40     | 0.02%             | 2032-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 4.125% 12/1/2044                                                       | CUSIP: 8371514U0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9526.43      | 0.01%             | 2044-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H | MINNESOTA ST HI 4.25% 10/1/2038                                                   | CUSIP: 60416JGT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $292672.08    | 0.22%             | 2038-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH and HIGHER EDUCATIONAL FACILITIES AUTHORITY                        | MARYLAND HEALTH 5% 6/1/2033                                                       | CUSIP: 57421CBZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $382504.14    | 0.29%             | 2033-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.25% 11/1/2045 MT                                                   | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106589.14    | 0.08%             | 2045-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                   | OHIO ST HOSP RE 5% 1/15/2036                                                      | CUSIP: 67756CEA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $321582.36    | 0.24%             | 2036-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 4% 11/15/2043                                                      | CUSIP: 97712JPP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47581.87     | 0.04%             | 2043-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HEALTH CARE SYS REV                                                 | GRD FORKS ND HL 4% 12/1/2046                                                      | CUSIP: 38546WDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $52074.99     | 0.04%             | 2046-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2029@                                                     | CUSIP: 9445142H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068663.50   | 0.80%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV                                         | NORTHAMPTON CN 3% 8/15/2032                                                       | CUSIP: 66353RBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97958.53     | 0.07%             | 2032-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5.25% 12/1/2054                                                        | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115621.74    | 0.09%             | 2054-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TEX SPL TAX REV                                                         | FORT WRTH TEX 5% 3/1/2027                                                         | CUSIP: 349507DC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412144.92    | 0.31%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 4% 7/1/2036                                                        | CUSIP: 20775DEZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5042.81      | 0.00%             | 2036-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                         | CHICAGO IL 6% 1/1/2045                                                            | CUSIP: 167486W70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533556.15    | 0.40%             | 2045-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SALT VERDE FINL CORP GAS REV AZ                                                    | SALT VERDE AZ FINL CORP SR GASGUARANTOR CITIGROUP                                 | CUSIP: 79575EAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $284498.58    | 0.21%             | 2037-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE(PACIFIC LIFE IN) 5% 7/1/31MT 55                                    | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    600000 | PA      | $651735.00    | 0.49%             | 2055-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV                           | SOUTHEAST ENRG 5% MT                                                              | CUSIP: 84136GAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $405167.93    | 0.30%             | 2054-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH REV                                              | VA ST SBFA 4% 1/1/2039 @                                                          | CUSIP: 928104PQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98213.56     | 0.07%             | 2039-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST UNIVERSITY REV                                                          | AL ST UNIV REV 5% 9/1/2028                                                        | CUSIP: 010632PZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $500538.04    | 0.37%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 6/1/2032                                                                 | CUSIP: 93974EW51<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $57296.51     | 0.04%             | 2032-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GENESEE COUNTY FUNDING CORP/THE                                                    | GENESEE COUNT 5% 12/1/2030                                                        | CUSIP: 371669AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270588.13    | 0.20%             | 2030-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                         | PROSPER TX ISD 5% 2/15/2032                                                       | CUSIP: 7436005L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $452827.88    | 0.34%             | 2032-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                              | NORTH TX TOLL 5% 1/1/2041                                                         | CUSIP: 66285WR32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $706273.23    | 0.53%             | 2041-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                               | AMERICAN MUN OH 5% 2/15/2028                                                      | CUSIP: 02765URP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525457.80    | 0.39%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 4% 7/1/2034                                                        | CUSIP: 20775DCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $381552.71    | 0.28%             | 2034-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                     | GEISINGER PA 5% 4/1/2043 MT                                                       | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50769.55     | 0.04%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                      | W HAVEN CT 5% 2/15/2038                                                           | CUSIP: 953140Y53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111474.59    | 0.08%             | 2038-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5.25% 7/1/2040 @                                                       | CUSIP: 795576LX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162384.54    | 0.12%             | 2040-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN 5% 12/1/2025 @                                                       | CUSIP: 646080VS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $655871.41    | 0.49%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR HOSP FACS AUTH                                                          | MEDFORD OR HFA 5% 8/15/2036                                                       | CUSIP: 584283GV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10666.49     | 0.01%             | 2036-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                      | W HAVEN CT 5% 2/15/2039                                                           | CUSIP: 953140Y61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110569.59    | 0.08%             | 2039-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH RENTHSG REV                                               | MICHIGAN ST HS 2.45% 10/1/2046                                                    | CUSIP: 59465PAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $20808.28     | 0.02%             | 2046-10-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5.25% 1/1/2041 @                                                  | CUSIP: 64763HMN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $438652.06    | 0.33%             | 2041-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                       | MILWAUKEE 5% 4/1/2026                                                             | CUSIP: 602366WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5038.32      | 0.00%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                          | SD HDA 6.25% 5/1/2055                                                             | CUSIP: 83756C6Z3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |     90000 | PA      | $97238.68     | 0.07%             | 2055-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA ARPT SYS RV                                                     | SAC CNTY ARPT 5.25% 7/1/2044 @                                                    | CUSIP: 786107VU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534145.00    | 0.40%             | 2044-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 4% 12/1/2043 @                                                     | CUSIP: 249182LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $195400.32    | 0.15%             | 2043-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH EDL FACS REV                                                      | INDIANA FIN AU 5% 7/1/2030                                                        | CUSIP: 45470ECL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529740.85    | 0.40%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HOUSING DEV AUTH                                                          | IL HDA 2.7% 10/1/2034                                                             | CUSIP: 45201Y4S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $106175.03    | 0.08%             | 2034-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH ECON DEV REV                                                      | CUYAHOGA OH EDR 5% 1/1/2034                                                       | CUSIP: 232263KJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5322.64      | 0.00%             | 2034-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COM SF MTG                                                     | MO ST HSG 6.50% 5/1/2054                                                          | CUSIP: 60637B7E4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $95067.07     | 0.07%             | 2054-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5.25% 7/1/2038 @                                                       | CUSIP: 795576LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $297291.90    | 0.22%             | 2038-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 4/1/2036 @                                                        | CUSIP: 735389H68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5243.61      | 0.00%             | 2036-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LYCOMING CNTY PA AUTH COLLEGE REV                                                  | LYCOMING PA COL 3% 10/1/2037                                                      | CUSIP: 550802JV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $419644.41    | 0.31%             | 2037-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSLYVANIA DEV FING AUTH REV                                                     | PA EDFA 4% 3/15/2041                                                              | CUSIP: 70869PLT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $613121.99    | 0.46%             | 2041-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FINANCE DEVELOPMENT CORP                                           | NEW YORK ENERGY FINANCE DEVELOPMENT CORP 5% MT                                    | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |    265000 | PA      | $284873.33    | 0.21%             | 2056-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY GA DEV AUTH REV                                                       | FAYET GA 31222P 5% 10/1/2029                                                      | CUSIP: 31222PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $399572.78    | 0.30%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 7/1/2027                                                        | CUSIP: 93978HUG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153331.02    | 0.11%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CTSC JOBS-ECO DEV AUT                                                              | CTSC JOBS-ECO D 5.75% 11/15/2054                                                  | CUSIP: 83704HAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207355.84    | 0.15%             | 2054-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 3% 5/15/2034                                                                | CUSIP: 70914PU83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38372.72     | 0.03%             | 2034-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX HIGHER ED FIN CORPUNIV REV                                             | HOUSTON TX HIG 5.125% 10/1/2051                                                   | CUSIP: 44237QAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $686992.24    | 0.51%             | 2051-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                                | PR ST 4% 7/1/2033                                                                 | CUSIP: 74514L3K1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     14000 | PA      | $13840.21     | 0.01%             | 2033-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                                  | CHICAGO IL BOE 4% 12/1/2041                                                       | CUSIP: 167505YL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $84991.31     | 0.06%             | 2041-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                        | ND ST HSG FIN 6.25% 1/1/2054                                                      | CUSIP: 6589095M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $102898.18    | 0.08%             | 2054-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                         | RI STUD LN 5% 12/1/2028@                                                          | CUSIP: 762323CX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57592.82     | 0.04%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2032 @                                                    | CUSIP: 944514T24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $565809.05    | 0.42%             | 2032-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2033 @                                                    | CUSIP: 944514T32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $575393.54    | 0.43%             | 2033-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 5% 03/01/26                                                       | CUSIP: 45204EYS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15065.64     | 0.01%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN NONPROFIT REV                                          | WA ST HFC NFP 5% 7/1/2028                                                         | CUSIP: 93978LGK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $160376.07    | 0.12%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% MT                                                             | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212029.16    | 0.16%             | 2053-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                      | CA ST 4% 11/1/2037                                                                | CUSIP: 13063DXB9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51804.59     | 0.04%             | 2037-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV                                 | CALIFORNIA INFR 1.2% MT                                                           | CUSIP: 13034AN30<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     15000 | PA      | $13881.10     | 0.01%             | 2050-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                          | HOUSTON TX MF 5% 8/1/2041                                                         | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25319.21     | 0.02%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AU HWY RV                                                     | ILL ST TOLL 5% 1/1/45                                                             | CUSIP: 452252PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20702.01     | 0.02%             | 2045-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDL FACS FING AUTH REV                                              | FL HR EDL FACS 3% 12/1/2048                                                       | CUSIP: 34073TNP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $232512.45    | 0.17%             | 2048-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WORCESTER MA                                                                       | WORCESTER MA 2% 2/15/2035                                                         | CUSIP: 981306ZB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $52612.81     | 0.04%             | 2035-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH and HIGHER EDUCATIONAL FACILITIES AUTHORITY                        | MARYLAND HEALTH 5.25% 6/1/2044                                                    | CUSIP: 57421CFZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150931.13    | 0.11%             | 2044-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                         | CHICAGO IL 5% 1/1/2041                                                            | CUSIP: 167486U31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502440.60    | 0.38%             | 2041-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 4/1/2035 @                                                        | CUSIP: 735389H50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31583.78     | 0.02%             | 2035-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C                                | CUSIP: 735220AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.67%             | 2040-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5.50% 12/1/2054                                                        | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42934.71     | 0.03%             | 2054-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 11/1/2028                                                                | CUSIP: 452152Q20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25980.13     | 0.02%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GARLAND TX WTR and SWR REV                                                         | GARLAND TX WTR and 5% 3/1/2044                                                    | CUSIP: 366168TZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $680934.56    | 0.51%             | 2044-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                         | MICHIGN FIN AUT 5% 7/1/2044                                                       | CUSIP: 59447UAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529966.65    | 0.40%             | 2044-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVT FIN AUTH SINGLE FAMILY HSG REV                                       | NEBRASKA INVT F 6.25% 9/1/2055                                                    | CUSIP: 63968XDX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558622.45    | 0.42%             | 2055-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 3% 10/1/2037                                                      | CUSIP: 45204EHX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $142536.23    | 0.11%             | 2037-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV                                      | PR SALES TAX 0% 7/1/2031                                                          | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     24000 | PA      | $19627.01     | 0.01%             | 2031-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                       | LIPA NY 3% MT                                                                     | CUSIP: 542691KA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253604.13    | 0.19%             | 2049-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECON DEV FIN AUTH HOSP SYS REV                                            | KY EDFA HOSP 5.25% 6/1/2041                                                       | CUSIP: 49126KKE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201847.00    | 0.15%             | 2041-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5% 6/15/2032                                                            | CUSIP: 64613CFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113583.42    | 0.08%             | 2032-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                         | CHICAGO IL 6% 1/1/2038                                                            | CUSIP: 167486ZY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10208.38     | 0.01%             | 2038-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% MT                                                              | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    140000 | PA      | $148687.66    | 0.11%             | 2055-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% MT                                                             | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $267932.90    | 0.20%             | 2053-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV                                         | GRAND PARKWAY T 5% 10/1/2052                                                      | CUSIP: 38611TDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $150799.42    | 0.11%             | 2052-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNI SCH DIST                                                          | SAN DIEG CA USD 0% 7/1/2031                                                       | CUSIP: 797355Q31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $8526.94      | 0.01%             | 2031-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 10/1/33                                                         | CUSIP: 93978HUY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15762.68     | 0.01%             | 2033-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUT                                                           | SOUTH DAKOTA 6.25% 5/1/2056                                                       | CUSIP: 83756LDX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $788054.73    | 0.59%             | 2056-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 4% 7/1/2037                                                                 | CUSIP: 452153GN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $309629.61    | 0.23%             | 2037-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PEA RIDGE ARK SCH DIST NO 109                                                      | PEA R AR 704537 2% 2/1/2043                                                       | CUSIP: 704537ZE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $734345.80    | 0.55%             | 2043-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDA WTR FACS REV                                                        | NJ EDA WTR 3.75% 06/1/2028 MT@                                                    | CUSIP: 645780FT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $344142.42    | 0.26%             | 2034-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV                                     | TENNESSEE HSG D 2.90% 7/1/2039                                                    | CUSIP: 880461G69<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |     15000 | PA      | $13009.04     | 0.01%             | 2039-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV HOSP 3.25% 6/1/2039                                                            | CUSIP: 956622L77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $259524.36    | 0.19%             | 2039-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 3% 8/15/2051                                                       | CUSIP: 97712JDN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $528605.14    | 0.39%             | 2051-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY SINGLE FAMILY MTG REV                                         | OK HSG FIN AGY 6.50% 9/1/2054                                                     | CUSIP: 67886MD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $106378.09    | 0.08%             | 2054-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED CAP APPREC-MCCORMICK-A I=MBIA | CUSIP: 592247L57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $8798.91      | 0.01%             | 2038-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GARDEN CITY KS SALES TAX REV                                                       | CITY OF GARDEN CITY KS 4% 6/1/2029                                                | CUSIP: 36508AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $693304.85    | 0.52%             | 2029-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 12/01/55 MT                                                        | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    675000 | PA      | $730975.05    | 0.55%             | 2055-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNI SCH DIST                                                        | LA CA USD 2% 7/1/2029                                                             | CUSIP: 5446464X7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9613.45      | 0.01%             | 2029-07-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                                        | CHATANOOGA HLTH 3.25% 8/1/2044                                                    | CUSIP: 162410EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $282947.49    | 0.21%             | 2044-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| JEA FLA WTR and SWR SYS REV                                                        | JEA FL WTSW 5% 10/1/2028                                                          | CUSIP: 46615SEY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53383.74     | 0.04%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | SAN ANTONIO E and G 5.50% 2/1/2049                                                | CUSIP: 79625GLA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548536.05    | 0.41%             | 2049-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUN CTFS                                                    | CALIFORNIA HG 3.50% 11/20/2035                                                    | CUSIP: 13033DAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    557157 | PA      | $553849.23    | 0.41%             | 2035-11-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                    | WA HFC MF 5% MT                                                                   | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45448.74     | 0.03%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH MIAMI FL HLTH FCS HSP RV                                                     | BAPTIST HEALTH SOFL B PUT 5% 8/15/30 MT                                           | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092622.70   | 0.82%             | 2065-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO GOV NASH and DAVID ELEC REV                                                  | MET GOVT TN ELE 5.25% 5/15/2049                                                   | CUSIP: 592030R93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107135.78    | 0.08%             | 2049-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                                                       | MA HFA 3.7% 12/1/2038                                                             | CUSIP: 57586NZ61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $367148.93    | 0.27%             | 2038-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                         | LCRA TX 5% 5/15/2028                                                              | CUSIP: 54811GQ45<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056109.30   | 0.79%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDL FACS FING AUTH REV                                              | FL HR EDL FACS 5% 10/1/2034                                                       | CUSIP: 34073TMZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31280.71     | 0.02%             | 2034-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUBOIS PA HOSP AUTH HOSP REV                                                       | DUBOIS PA HSP 5% 07/01/29                                                         | CUSIP: 263804BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $222619.06    | 0.17%             | 2029-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5.25% 5/1/2042                                                              | CUSIP: 452153JZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80685.51     | 0.06%             | 2042-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH LEASE REVENUES AUTH                                       | PHOENIX AZ IDAL 5.375% 2/1/2041                                                   | CUSIP: 71885MAR3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    100000 | PA      | $93441.50     | 0.07%             | 2041-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                                    | CUSIP: 592647JV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203505.62    | 0.15%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5.25% 12/1/2049                                                        | CUSIP: 8371514E6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31725.87     | 0.02%             | 2049-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 5% 12/1/2034 @                                                      | CUSIP: 650116FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37789.64     | 0.03%             | 2034-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5.50% 1/1/2036 @                                                   | CUSIP: 167562RY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $556596.78    | 0.42%             | 2036-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                     | CHANDLER AZ IDR 4.1% MT                                                           | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55102.76     | 0.04%             | 2037-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                                          | IL SALES TAX 3% 6/15/2033                                                         | CUSIP: 452227KE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $108403.30    | 0.08%             | 2033-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                                    | LOWER ALA GAS D 5% 12/1/2033                                                      | CUSIP: 547804AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $718043.20    | 0.54%             | 2033-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV HOSP 3% 6/1/2033                                                               | CUSIP: 956622L36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $506905.36    | 0.38%             | 2033-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CHARLESTON CNTY SC ARPT DIST                                                       | CHARLSTN SC ARP 5.25% 7/1/2049                                                    | CUSIP: 160070EJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115059.54    | 0.09%             | 2049-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV                               | GOLDEN ST TOBAC 0% 6/1/2066                                                       | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $52955.80     | 0.04%             | 2066-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 7/1/2026                                                        | CUSIP: 20775DCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504919.10    | 0.38%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 4% 7/1/2042                                                        | CUSIP: 93978HUA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9444.70      | 0.01%             | 2042-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2027                                                       | CUSIP: 93978HSF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77378.50     | 0.06%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD                                                                  | TX WTR 5% 8/1/2035                                                                | CUSIP: 882854U83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5371.55      | 0.00%             | 2035-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ EDA MOTOR VEHICLE                                                               | NJ EDA MTR VEH 4% 7/1/2034                                                        | CUSIP: 64578JBF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10098.18     | 0.01%             | 2034-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2034@                                                      | CUSIP: 64763HHD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177295.58    | 0.13%             | 2034-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS_HFA 3.8% MT                                                                   | CUSIP: 64987JH38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $370113.55    | 0.28%             | 2062-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 5.25% 1/1/2042 @                                                    | CUSIP: 1675936A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $140216.38    | 0.10%             | 2042-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                     | COCONINO AZ PC 3.75% MT                                                           | CUSIP: 191855BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100122.75    | 0.07%             | 2039-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                          | WISCONSIN ST HT 4% 11/15/2039                                                     | CUSIP: 97712DQR0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    360000 | PA      | $350981.50    | 0.26%             | 2039-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN 5% 12/1/2030 @                                                       | CUSIP: 646080WW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $321062.55    | 0.24%             | 2030-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                          | WISCONSIN ST HT 3.50% 2/15/2046                                                   | CUSIP: 97712DUE4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    240000 | PA      | $194888.23    | 0.15%             | 2046-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 4% MT                                                             | CUSIP: 74440DCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95695.12     | 0.07%             | 2050-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GEORGIA CONVENTION CENTER AUTHORITY                                       | SAVANNAH GEORGI 6% 6/1/2050                                                       | CUSIP: 804828AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $532211.90    | 0.40%             | 2050-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 3.125% 5/15/2037                                                  | CUSIP: 45204EME5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $31843.85     | 0.02%             | 2037-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HOMEWOOD ALA EDL BLDG AUTH LEASE REV                                               | HOMEWOOD ALA ED 5.50% 10/1/2049                                                   | CUSIP: 43788VAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204812.46    | 0.15%             | 2049-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 4% 10/1/2040 @                                                    | CUSIP: 592647KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $171376.73    | 0.13%             | 2040-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2035 @                                                        | CUSIP: 544445JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10574.97     | 0.01%             | 2035-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5% 12/1/2030                                                           | CUSIP: 8371516B0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $773417.19    | 0.58%             | 2030-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH TPK REV                                                     | NJ TPK 5% 1/1/2028                                                                | CUSIP: 646140FN8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68231.27     | 0.05%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REV                                                        | PUBLIC FIN WIS(RENOWN MED CTR) 4% 6/1/45                                          | CUSIP: 74442CDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93388.01     | 0.07%             | 2045-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 4% 12/1/2040                                                      | CUSIP: 45204EBY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $191785.09    | 0.14%             | 2040-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA DEV AUTH REV                                                        | FULTON CNY GA 3% 7/1/2044                                                         | CUSIP: 36005FGD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $346231.03    | 0.26%             | 2044-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA UNIV REV                                                         | DC WA UNIV REV 5% 4/1/2033                                                        | CUSIP: 25484JCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41005.13     | 0.03%             | 2033-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH REV                                                     | MA PORT 5% 7/1/2034 @                                                             | CUSIP: 575896TG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31702.16     | 0.02%             | 2034-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 8/1/2028                                                       | CUSIP: 74440DDU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $509807.22    | 0.38%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2032                                                          | CUSIP: 645021DQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90614.82     | 0.07%             | 2032-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 4.375% MT @                                                          | CUSIP: 13048RAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522639.50    | 0.39%             | 2053-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ                                                                      | ESSEX CO NJ 2% 8/15/2033                                                          | CUSIP: 296804Y35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $401474.84    | 0.30%             | 2033-08-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% MT                                                              | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68388.59     | 0.05%             | 2053-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                       | LIPA NY 3% MT                                                                     | CUSIP: 542691KB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $168416.48    | 0.13%             | 2049-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH REV                                                        | KING WA MHSG 3.25% 5/1/33                                                         | CUSIP: 494762LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002213.90   | 0.75%             | 2033-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 5% 8/15/2031                                                                | CUSIP: 70914P4R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130084.80   | 0.84%             | 2031-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA SEAPORT REV                                                    | MIAMI DADE FL 4% 10/1/2043                                                        | CUSIP: 59335KDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $454589.85    | 0.34%             | 2043-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WVU HEALTH PUT B 5% 6/1/33 MT                                                     | CUSIP: 956622Z23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32873.63     | 0.02%             | 2055-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/29@                                                         | CUSIP: 167562QG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20061.84     | 0.01%             | 2029-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 3% 10/15/2039                                                      | CUSIP: 97712JBU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $116632.29    | 0.09%             | 2039-10-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 3/1/2036                                                                 | CUSIP: 452153CX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43510.75     | 0.03%             | 2036-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                             | NEW HAMPSHIRE H 5.50% 11/1/2027 @                                                 | CUSIP: 64461XHW8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20765.01     | 0.02%             | 2027-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CTY W VA BLD CM REV                                                     | MONONGALIA CTY 5% 7/1/2029                                                        | CUSIP: 610218BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220134.05    | 0.16%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH EDL FACS REV                                                      | INDIANA FIN AU 5% 7/1/2031                                                        | CUSIP: 45470ECM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534988.50    | 0.40%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP WTR and PWR WTRWKS REV                                          | LA DWAP CA WTR 5% 1/1/2030                                                        | CUSIP: 544525Y93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540579.30    | 0.40%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FAC AUTH HSP REV                                                     | LA PFA HOSP 3% 6/1/2050                                                           | CUSIP: 546395V50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $47016.89     | 0.04%             | 2050-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                                  | CHICAGO IL BOE 5.25% 12/1/2031                                                    | CUSIP: 167505ZS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $680301.90    | 0.51%             | 2031-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5% 6/15/2038                                                            | CUSIP: 6461367D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37701.92     | 0.03%             | 2038-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2029 @                                                    | CUSIP: 592647NL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074782.80   | 0.80%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL FLA EXPWY AUTH SR LIEN REV                                                 | CENTRAL FL 3% 7/1/2034                                                            | CUSIP: 153476CV6<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |    395000 | PA      | $388160.50    | 0.29%             | 2034-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE(MO) 5.25% 6/1/29MT 53                                              | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    630000 | PA      | $671638.15    | 0.50%             | 2053-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FN AUTH REV                                                         | CALIFORNIA MN A 5% 12/31/2028 @                                                   | CUSIP: 13048VBL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41364.24     | 0.03%             | 2028-12-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                        | NYC TFA (PIT) 3% 11/1/2039                                                        | CUSIP: 64971XSB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $461090.54    | 0.34%             | 2039-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | MET PIER and EXPO 0% 6/15/2041 Q                                                  | CUSIP: 592250EU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $152227.47    | 0.11%             | 2041-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JEA FLA WTR and SWR SYS REV                                                        | JEA FL WTSW 5% 10/1/2030                                                          | CUSIP: 46615SFA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55569.02     | 0.04%             | 2030-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP TR FD CAP APPREC-TRANSN SYS-SER C FSA                                   | CUSIP: 646136EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $59410.20     | 0.04%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX UTIL SYS REV                                                        | GEORGETOWN TX U 5% 8/15/2026                                                      | CUSIP: 373064Y40<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |    350000 | PA      | $355906.04    | 0.27%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 6/1/2038                                                                 | CUSIP: 93974EDP8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16153.00     | 0.01%             | 2038-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEV FIN AGY SR LIVING REV                                            | MA DEV FIN AG 6.50% 7/15/2060                                                     | CUSIP: 57563WAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $374838.56    | 0.28%             | 2060-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SINGLE FAMILY MTG REV                                                | IA MTG 5.25% 7/1/2053                                                             | CUSIP: 4624674Q1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $234908.53    | 0.18%             | 2053-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REV                                                            | HI ARPT 5% 7/1/2042@                                                              | CUSIP: 419794L26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532017.00    | 0.40%             | 2042-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WASHINGTON ST HLTH CARE FACS A PROVIDENCE HLTH and SVCS-SER A                     | CUSIP: 93978HGC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $274998.65    | 0.21%             | 2040-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53                                               | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58839.67     | 0.04%             | 2053-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                       | CONNECTICUT S 5.25% 11/15/2053                                                    | CUSIP: 20775HYY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $254050.61    | 0.19%             | 2053-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG SINGLE FAMILY MTG                                               | MONTANA ST 6% 12/1/2055                                                           | CUSIP: 61212WD77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $293194.62    | 0.22%             | 2055-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG and CMNTY SVCS DPT                                                   | OR ST HSG 2.65% 7/1/2039                                                          | CUSIP: 686087E94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $8850.85      | 0.01%             | 2039-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                          | PORTLND OR ARPT 5% 7/1/2030 @                                                     | CUSIP: 7352402C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $245276.69    | 0.18%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UT HSG CORP MULTIFAMILY REV                                                        | UT HSG MF 3% MT                                                                   | CUSIP: 917434DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498239.75    | 0.37%             | 2045-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FLA INDL DEV                                                     | HILLSBR FL IDA 3.50% 8/1/2055                                                     | CUSIP: 43233AFE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $180030.42    | 0.13%             | 2055-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                               | CITY HSG DEV CO 3.05% 11/1/2049                                                   | CUSIP: 64972ELD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $11534.89     | 0.01%             | 2049-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 6/1/2040                                                        | CUSIP: 20775DHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31640.99     | 0.02%             | 2040-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 3.25% 8/15/2049                                                    | CUSIP: 45204FBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $400750.45    | 0.30%             | 2049-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY MED CTR REV                                                             | ASHLAND KY MED 4% 2/1/2036                                                        | CUSIP: 044293BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350064.16    | 0.26%             | 2036-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INCSTUDENT LN PROG REV                                   | BRAZOS TEX HIGH 5% 4/1/2029@                                                      | CUSIP: 10623ACV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365418.27    | 0.27%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 4/1/2038                                                            | CUSIP: 2510934Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105488.95    | 0.08%             | 2038-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 2.95% MT                                                           | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44923.22     | 0.03%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                               | FL MHSG 5% MT                                                                     | CUSIP: 34074HGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15018.96     | 0.01%             | 2026-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                       | COLORADO HEALTH 5% 8/1/2037                                                       | CUSIP: 19648FKP8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52442.43     | 0.04%             | 2037-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2037                                                                 | CUSIP: 452153JU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55228.80     | 0.04%             | 2037-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS HFA 3.8% MT                                                                   | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35010.92     | 0.03%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                     | ALLEG PA ARPT 4% 1/1/2039 @                                                       | CUSIP: 01728LFE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $267930.75    | 0.20%             | 2039-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA HSG FIN DEV AUT                                                     | SC HSG DEV AUT 5% 1/1/2031                                                        | CUSIP: 83712GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $373465.66    | 0.28%             | 2031-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                     | CT ST 5% 3/15/2026                                                                | CUSIP: 20772JV66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50410.51     | 0.04%             | 2026-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH HOSP REV                                                  | AR ST HOSP REV 5% 2/1/2029                                                        | CUSIP: 04109FCE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20856.49     | 0.02%             | 2029-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NASHUA NH                                                                          | NASHUA N H 2.25% 8/1/2043                                                         | CUSIP: 631298FH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $454810.40    | 0.34%             | 2043-08-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTH TEX HIGHER ED AUTH INC TEX ED LN REV                                         | NORTH TEXAS LN 5% 6/1/2030@                                                       | CUSIP: 66286UAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526948.10    | 0.39%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                         | CTR PLN ENG GAS 5% MT                                                             | CUSIP: 154872AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540043.25    | 0.40%             | 2055-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MET DIST NO 3 COLO                                                    | INDEPENDENCE ME 5.375% 12/1/2054                                                  | CUSIP: 453625AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501330.70    | 0.37%             | 2054-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                     | MA ED LN AUTH 5% 7/1/2026 @                                                       | CUSIP: 57563RRJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101049.36    | 0.08%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP REV                                                           | FL ST DFC(BRIGHTLINE FL)/AGM 5.25% 7/1/53@                                        | CUSIP: 340618DV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498151.75    | 0.37%             | 2053-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                      | NJ ST 2.375% 6/1/2036                                                             | CUSIP: 646039XK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $69528.82     | 0.05%             | 2036-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5.25% 5/1/2049                                                              | CUSIP: 452153KG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25952.79     | 0.02%             | 2049-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                     | GEISINGER PA 5% 2/15/2031                                                         | CUSIP: 368497JB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10256.10     | 0.01%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                            | HOUSTON TX ARPT 4% 7/1/2047 @                                                     | CUSIP: 442349EC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $426014.91    | 0.32%             | 2047-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH REV                                                        | CA ST MFA REV 3.75% 6/1/2037                                                      | CUSIP: 13048T2S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38879.16     | 0.03%             | 2037-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HOSP REV                                                         | DC WASH HOSP 4% 7/15/2040                                                         | CUSIP: 254764KA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $266999.68    | 0.20%             | 2040-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                      | WI HSG EDA 3.875% MT                                                              | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40015.38     | 0.03%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENGY ACQ CRP GAS REV                                                     | TENN ENERGY ACQ 5% 12/1/2035                                                      | CUSIP: 880443JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $489768.21    | 0.37%             | 2035-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WACO TX                                                                            | WACO TEX 2.375% 2/1/2040                                                          | CUSIP: 929831QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $31431.88     | 0.02%             | 2040-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                          | WISCONSIN ST HT 3.15% 8/15/2027                                                   | CUSIP: 97712DKG0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     80000 | PA      | $79361.10     | 0.06%             | 2027-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH and HIGHER EDUCATIONAL FACILITIES AUTHORITY                        | MARYLAND HEALTH 5% 6/1/2031                                                       | CUSIP: 57421CBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $337269.02    | 0.25%             | 2031-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA INDL DEV AUTHHEALTH CARE REV                                       | FAIRFAX CNY VA 4% 5/15/42                                                         | CUSIP: 30382VAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $493341.21    | 0.37%             | 2042-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                         | RI STUD LN 5% 12/1/2028 @                                                         | CUSIP: 762315RG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1256570.52   | 0.94%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TN ARPT AU                                                     | MEMPH-SHELBY TN 5% 7/1/2038 @                                                     | CUSIP: 586111NB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5084.23      | 0.00%             | 2038-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TX ST DEPT HSG and CMNTY AFFRS MTG                                                 | TX R-MRB 5.10% 7/1/2050                                                           | CUSIP: 882750P30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515582.15    | 0.39%             | 2050-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT                               | MIDA MOUNTAIN 6% 6/15/2054                                                        | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514642.60    | 0.38%             | 2054-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 5% 4/1/2035                                                       | CUSIP: 45204ET81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15811.20     | 0.01%             | 2035-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5% 12/1/2036 @                                                     | CUSIP: 249182LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $875583.23    | 0.65%             | 2036-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN HEALTH CARE S                                                     | MINNEAPOLS MN 5% MT                                                               | CUSIP: 60374VEW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $330707.38    | 0.25%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT                                                                        | STAMFORD CT 4% 8/1/2026                                                           | CUSIP: 852634KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5004.82      | 0.00%             | 2026-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                      | PA TPK 5% 12/1/2033                                                               | CUSIP: 709225DN3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28082.87     | 0.02%             | 2033-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 0% I=FGIC 12/15/2031                                                    | CUSIP: 646136EU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $12490.39     | 0.01%             | 2031-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY                                                          | HONOLULU HI 5% 7/1/2034                                                           | CUSIP: 438687MU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5494.10      | 0.00%             | 2034-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CTY and CNTY WASTEWTR SYS REV                                          | HONOLULU WSTWTR 5% 7/1/2027                                                       | CUSIP: 438701K37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507121.60    | 0.38%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | SAN ANTONIO E and G 3.2% MT                                                       | CUSIP: 79625GNF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499506.95    | 0.37%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 4% 11/15/2047                                                       | CUSIP: 59261AH75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $13782.33     | 0.01%             | 2047-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 4% 9/1/2052                                                       | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205587.96    | 0.15%             | 2052-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                           | MASS DEVEL FIN 5% 7/1/2035                                                        | CUSIP: 57584YTE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15866.72     | 0.01%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                     | CHANDLER AZ IDR 3.80% 12/1/2037 MT                                                | CUSIP: 158862CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125496.30    | 0.09%             | 2035-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUT REV                                                     | LANCASTER H AUT 5% 11/1/2027                                                      | CUSIP: 514045Y31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1200926.42   | 0.90%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OHIO HEALTH CAREREV                                                  | HAMILTON CN 5.50% 1/1/2040                                                        | CUSIP: 40727RDB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $455498.21    | 0.34%             | 2040-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5% 12/1/2039                                                           | CUSIP: 8371513Y3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     95000 | PA      | $104332.41    | 0.08%             | 2039-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5.25% 6/15/2055                                                         | CUSIP: 64613CGK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $227094.59    | 0.17%             | 2055-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5.50% 12/1/2044 @                                                 | CUSIP: 944514U63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $894630.23    | 0.67%             | 2044-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REV ACTING                                                        | OH HOSP DA 3.25% 1/1/2037                                                         | CUSIP: 677561KP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $430505.42    | 0.32%             | 2037-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H MUN CTFS                                                     | NATIONAL FIN A 3.875% 1/20/2038                                                   | CUSIP: 63607WAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     97313 | PA      | $93851.31     | 0.07%             | 2038-01-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% MT                                                             | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48834.33     | 0.04%             | 2054-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.625% 4/1/2026                                                     | CUSIP: 64469MRK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10006.13     | 0.01%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% MT                                                             | CUSIP: 84136HAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $472454.28    | 0.35%             | 2055-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 3.70% 7/1/2028 @                                                      | CUSIP: 677525WW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $224980.99    | 0.17%             | 2028-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 4% 8/15/41                                                        | CUSIP: 45204ENW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14449.50     | 0.01%             | 2041-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 3.25% 5/15/2039                                                   | CUSIP: 45204EMD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $181504.89    | 0.14%             | 2039-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                              | IL FIN(ADVOCATE AURORA) 4% 8/1/38                                                 | CUSIP: 45203HE81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $989502.60    | 0.74%             | 2038-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SALEM ECONOMIC DEVELOPMENT AUTHORITY                                               | SALEM ECONOMIC 6% 4/1/2050                                                        | CUSIP: 794565BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $578752.52    | 0.43%             | 2050-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                       | Fidelity Municipal Cash Central Fund                                              | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   5060426 | NS      | $5061437.65   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                              | BALT MD WTR 4% 7/1/2045                                                           | CUSIP: 05922KK81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94323.76     | 0.07%             | 2045-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| POINT PHASE 1 PUBLIC INFRASTRUCTURE DISTRICT NO 1                                  | POINT PHASE 1 PUBLIC INFRASTRUCTURE DISTRICT NO 1 5.125% 3/1/2035                 | CUSIP: 73058EAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522319.70    | 0.39%             | 2035-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTR REV                                                                 | CHICAGO WTR 5% 11/1/2035                                                          | CUSIP: 167736Y84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $535650.52    | 0.40%             | 2035-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TACOMA WA ELEC SYS REV                                                             | TACOMA WA ELEC 5% 1/1/2045                                                        | CUSIP: 873519QZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213254.76    | 0.16%             | 2045-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NASHUA NH                                                                          | NASHUA N H (OLD 2% 8/1/2038                                                       | CUSIP: 631298FC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $339458.77    | 0.25%             | 2038-08-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                     | NJ TOBACCO 5% 6/1/2046                                                            | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $481950.76    | 0.36%             | 2046-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% MT                                                              | CUSIP: 13013JGR1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    605000 | PA      | $645438.68    | 0.48%             | 2055-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN HEALTH CARE RV                                                       | ST CLOUD_MN HLT 3% 5/1/2032                                                       | CUSIP: 78916VDT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14775.97     | 0.01%             | 2032-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOB SETTLEMENT FING AUTH                                                | BUCKEYE TOBAC 3% 6/1/2048                                                         | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $283352.16    | 0.21%             | 2048-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                       | CT SPEC TAX 5% 7/1/2032                                                           | CUSIP: 207758T94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1175830.29   | 0.88%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                     | IOWASTUD LIQUID 5% 12/1/2033                                                      | CUSIP: 462590PR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $725804.70    | 0.54%             | 2033-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SCHAUMBURG IL                                                                      | SCHAUMBURG IL 4% 12/1/2030                                                        | CUSIP: 806347PX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105762.75    | 0.08%             | 2030-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | MET PIER and EXPO 5% 12/15/2028                                                   | CUSIP: 592250FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311290.05    | 0.23%             | 2028-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH EDL FACS REV                                                      | INDIANA FIN AU 4% 2/1/2030                                                        | CUSIP: 45470EAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10346.21     | 0.01%             | 2030-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                  | DC WA 3% 6/1/2041                                                                 | CUSIP: 25476FRU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $125438.57    | 0.09%             | 2041-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY MED CTR REV                                                             | ASHLAND KY MED 4% 2/1/2033                                                        | CUSIP: 044293BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200847.76    | 0.15%             | 2033-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                                         | PUB FIN AUTH W 4.50% 6/1/2056                                                     | CUSIP: 74442PSG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $83950.00     | 0.06%             | 2056-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 9/1/2035                                                       | CUSIP: 84136HCP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $720071.63    | 0.54%             | 2035-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5% 12/1/2046                                                           | CUSIP: 8371514W6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15626.50     | 0.01%             | 2046-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY SD SALES TAX REV                                                     | SEMINOLE COUNTY 5% 10/1/2032                                                      | CUSIP: 816696AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $858594.75    | 0.64%             | 2032-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 4% 5/15/2035                                                      | CUSIP: 45204EMB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10002.21     | 0.01%             | 2035-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                            | RAILSPLITTER IL 5% 6/1/26                                                         | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5062.56      | 0.00%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REV                                                        | PUBLIC FIN WIS 4.25% 6/1/2041                                                     | CUSIP: 74442CAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293932.98    | 0.22%             | 2041-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DES MOINES IOWA                                                                    | DES MOINES IOW 2% 6/1/2031                                                        | CUSIP: 25009XPY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9222.63      | 0.01%             | 2031-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 0% 5/1/2055                                                        | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109743.15    | 0.08%             | 2055-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                              | IL FIN 5% 11/15/25                                                                | CUSIP: 45203H4T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60026.38     | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH and HI ED FACS                                                    | MD HEFA 4% 7/1/2042                                                               | CUSIP: 574218B85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95645.65     | 0.07%             | 2042-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                         | NC HSG 6.25% 1/1/2057                                                             | CUSIP: 65821FLA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $798775.18    | 0.60%             | 2057-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ELK GROVE CALIF UNI SCH DIST CTFS PARTN                                            | ELK G CA 287286 3% 2/1/2034                                                       | CUSIP: 287286BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49806.90     | 0.04%             | 2034-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH REV                                                          | ARIZONA INDL DE 3.625% 5/20/2033                                                  | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     78626 | PA      | $79146.70     | 0.06%             | 2033-05-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 5/1/2037 @                                                        | CUSIP: 735389D88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5074.61      | 0.00%             | 2037-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5.25% 6/15/2050                                                         | CUSIP: 64613CGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106335.17    | 0.08%             | 2050-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                   | OHIO ST HOSP RE 3% 1/15/2046                                                      | CUSIP: 67756CFE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $90688.60     | 0.07%             | 2046-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                   | MA DFA 5% 7/1/2028                                                                | CUSIP: 57584XVH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30249.06     | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GARLAND TX WTR and SWR REV                                                         | GARLAND TX WTR and 5% 3/1/2031                                                    | CUSIP: 366168TL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $366451.50    | 0.27%             | 2031-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                                | PR ST 0% 7/1/2033                                                                 | CUSIP: 74514L3R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $360678.15    | 0.27%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDL FACS FING AUTH REV                                              | FL HR EDL FACS 3% 12/1/2046                                                       | CUSIP: 34073TJE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $30332.78     | 0.02%             | 2046-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5.25% 5/1/2049 @                                                    | CUSIP: 79766DWX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104748.06    | 0.08%             | 2049-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRAN A CA RV                                                      | ACTA CA RV 0% 10/1/2052                                                           | CUSIP: 010869MH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $28126.75     | 0.02%             | 2052-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 2/1/2029                                                       | CUSIP: 74440DDV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419142.40    | 0.31%             | 2029-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID BAY BRIDGE AUTH                                                     | FL MID BAY BRDG 5% 10/1/2030                                                      | CUSIP: 342814EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $1018379.85   | 0.76%             | 2030-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HEALTH FACS                                                     | PALM BCH HLTH 7.625% 5/15/2058                                                    | CUSIP: 696507VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55635.66     | 0.04%             | 2058-05-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                         | ILLINOIS FINANC 4.8% MT@                                                          | CUSIP: 45203PAE4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516664.05    | 0.39%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 3.50% 6/1/2029                                                              | CUSIP: 452152D65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500685.10    | 0.37%             | 2029-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA HOUSING FINANCE CORP                                                       | FLORIDA HOUSING 6.25% 7/1/2056                                                    | CUSIP: 34074NFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $559753.85    | 0.42%             | 2056-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2037                                                                 | CUSIP: 452153FD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541047.80    | 0.40%             | 2037-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                         | ILLINOIS FINANC 5% 10/1/2038                                                      | CUSIP: 452017AP1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    350000 | PA      | $366959.22    | 0.27%             | 2038-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                             | TRIMBLE CNTY KY 0% 6/1/2054 @                                                     | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100734.52    | 0.08%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN EEV CORP STSALES TAX REV                                         | NEW YORK ST URB(NY ST SALES TAX) 3% 3/15/49                                       | CUSIP: 64985TAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $752551.60    | 0.56%             | 2049-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY HEALTH and HOSP                                                   | NY CITY HHC 5% 2/15/2033                                                          | CUSIP: 649674LL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $579005.85    | 0.43%             | 2033-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX UTIL SYS REV                                                        | GEORGETOWN TX U 5.25% 8/15/2050                                                   | CUSIP: 3730642G8<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |    570000 | PA      | $601246.20    | 0.45%             | 2050-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP                              | VIRGIN ILSD TRI 5% 9/1/2027                                                       | CUSIP: 927686AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $822137.76    | 0.61%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VILLAGE MET DIST COLO                                                              | VILLAGE MET DIS 5.75% 12/1/2055                                                   | CUSIP: 92708CAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504100.80    | 0.38%             | 2055-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DALLAS TX ISD                                                                      | DALLAS TX ISD 5% 2/15/2030                                                        | CUSIP: 235308U76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82371.02     | 0.06%             | 2030-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CNTY CALIF CMNTY COL DIST                                                | SAN MATEO CA CC 5% 9/1/2038                                                       | CUSIP: 799038NH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5398.21      | 0.00%             | 2038-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN 5% 12/1/2031@                                                        | CUSIP: 646080XY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91938.78     | 0.07%             | 2031-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH and EDL FAC                                                   | SD HLTH 5% MT                                                                     | CUSIP: 83755VW83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549949.15    | 0.41%             | 2051-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.70% 1/1/2027                                                      | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35149.30     | 0.03%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 4% 1/1/2044                                                         | CUSIP: 167593M41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $815283.26    | 0.61%             | 2044-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP SOLID WASTE DISP REV                                          | FLORIDA DEV FIN 3.40% 9/1/2050 @                                                  | CUSIP: 34061XAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502166.45    | 0.38%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REV                                                        | PUBLIC FIN WIS(RENOWN MED CTR) 3% 6/1/45                                          | CUSIP: 74442CDD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $196121.83    | 0.15%             | 2045-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA MFH AUTH                                                      | MARICOPA IDA MF 2.81% 5/1/2048 MT                                                 | CUSIP: 566823UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $370479.23    | 0.28%             | 2048-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                      | W HAVEN CT 5% 2/15/2040                                                           | CUSIP: 953140Y79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109546.51    | 0.08%             | 2040-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROCH MI COMM SCH REF GO                                                            | ROCHEST MI CSD 3% 5/1/2031                                                        | CUSIP: 771537WG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5004.68      | 0.00%             | 2031-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                         | LCRA TX 5% 5/15/2034                                                              | CUSIP: 54811BST9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5339.86      | 0.00%             | 2034-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX UTIL SYS REV                                                        | GEORGETOWN TX U 5% 8/15/2027                                                      | CUSIP: 373064Y57<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519663.15    | 0.39%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 5.25% 5/1/2054                                                       | CUSIP: 67756DS80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101977.26    | 0.08%             | 2054-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                  | NY NY CITY HS 3.625% MT                                                           | CUSIP: 64972KCN3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110905.85    | 0.08%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 10/1/31                                                         | CUSIP: 93978HUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26415.34     | 0.02%             | 2031-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUN CTFS                                                    | CALIFORNIA HG 4.375% 9/20/2036                                                    | CUSIP: 13033DAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     97770 | PA      | $101072.64    | 0.08%             | 2036-09-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NETTLETON ARK SPL SCH DIST CRAIGHEAD CNTY                                          | NETTL AR 641161 2% 12/1/2039                                                      | CUSIP: 641161D43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $209528.17    | 0.16%             | 2039-12-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 5% 1/1/2036@                                                        | CUSIP: 1675934G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21980.41     | 0.02%             | 2036-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 3.25% 11/15/2045                                                  | CUSIP: 45204ELJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $436545.56    | 0.33%             | 2045-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                     | DFW ARPT 5.25% 11/1/2040 @                                                        | CUSIP: 23503CGB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552478.20    | 0.41%             | 2040-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTOSHA CENT HIGH SCH DIST WIS                                                    | WESTO WI 961205 2% 3/1/2036                                                       | CUSIP: 961205EG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $48975.54     | 0.04%             | 2036-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| AMESBURY MASS                                                                      | AMESBURY MASS 2% 6/1/2034                                                         | CUSIP: 031069XA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $22280.15     | 0.02%             | 2034-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFF CNTY KY VI and CO                                              | LOU and JEF CNTY KY 3.125% 6/1/2046                                               | CUSIP: 546604FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $16041.63     | 0.01%             | 2046-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/1/2036                                                        | CUSIP: 93978HVP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10496.48     | 0.01%             | 2036-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                   | MASSACHUSETT MA 4% 7/1/2041                                                       | CUSIP: 57584XJB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $291704.01    | 0.22%             | 2041-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH SYS REV                                                    | IN FIN HSR 5% MT                                                                  | CUSIP: 45470YGF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $165023.67    | 0.12%             | 2059-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV                                    | MISSOUR ST HS 5% 11/1/2050                                                        | CUSIP: 60637GME6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508557.20    | 0.38%             | 2050-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTOSHA CENT HIGH SCH DIST WIS                                                    | WESTO WI 961205 2% 3/1/2035                                                       | CUSIP: 961205EF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $75632.38     | 0.06%             | 2035-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                     | DFW ARPT 5% 11/1/2026 @                                                           | CUSIP: 23503CFM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2024471.58   | 1.51%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                         | LOUIS/JEFF HLTH 3% 10/1/2043                                                      | CUSIP: 54659LCB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $70870.90     | 0.05%             | 2043-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV HOSP 5% 1/1/2043                                                               | CUSIP: 956622S47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $65781.52     | 0.05%             | 2043-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 5.25% 7/1/2035                                                    | CUSIP: 45204EY28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1597048.88   | 1.19%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH BUDA WTR CTL and IMPT DISTNO 1 TEX                                           | SOUTH TX 836809 2.50% 8/1/2050                                                    | CUSIP: 836809MJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $323080.10    | 0.24%             | 2050-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FAC AUTH HSP REV                                                     | LA PFA HOSP 3.75% 7/1/2047                                                        | CUSIP: 546395N91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $21193.96     | 0.02%             | 2047-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5.25% 5/1/2038                                                              | CUSIP: 452153FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $348385.54    | 0.26%             | 2038-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                      | CA ST 4.75% 12/1/2042                                                             | CUSIP: 13063DZ27<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262520.05    | 0.20%             | 2042-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FINCORP TEX HOSP REV                                     | NEW HOPE CULTU(CHILDRENS MED D) 4% 8/15/40                                        | CUSIP: 645424AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $256414.45    | 0.19%             | 2040-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY HSP DIST OH                                                      | AKRON BATH HSP 5% 11/15/2032                                                      | CUSIP: 009730PP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16556.30     | 0.01%             | 2032-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA REDEV and HSG AUTH MULTI-FAMILY HSG REV                            | FAIRFAX C VA 5% 1/1/2045 MT                                                       | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20597.28     | 0.02%             | 2045-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                        | TX ST 3% 8/1/2034 @                                                               | CUSIP: 882724EP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $640465.85    | 0.48%             | 2034-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| METRO GOV NASH and DAVID ELEC REV                                                  | MET GOVT TN ELE 5% 5/15/2027                                                      | CUSIP: 592030S43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103597.54    | 0.08%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY HOUSTON TX UNIV REV                                                     | UNIV HOUSTON 3.125% 2/15/2036                                                     | CUSIP: 914302FB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49054.63     | 0.04%             | 2036-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                   | NYC NY 3% 8/1/2033                                                                | CUSIP: 64966MTB5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160011.42    | 0.12%             | 2033-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PEA RIDGE ARK SCH DIST NO 109                                                      | PEA R AR 704537 2% 2/1/2039                                                       | CUSIP: 704537ZY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $168321.80    | 0.13%             | 2039-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer