# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0001752724-23-041974
**Filing Date:** 2023-2
**Character Count:** 55290
**Document Hash:** f9b4f21fb1a56870d42d6e4b73c46afd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041974.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041974

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204
- **IRS NUMBER:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 23672242

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Municipal Opportunities Fund (Series ID: S000055877)

| Class ID   | Class Name                                                              | Ticker Symbol   |
|:---|:---|:---|
| C000176020 | Segall Bryant & Hamill Municipal Opportunities Fund-Retail Class        | WTTAX           |
| C000176021 | Segall Bryant & Hamill Municipal Opportunities Fund-Institutional Class | WITAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** SBH MUNICIPAL OPPORTUNITIES

- **b. EDGAR series identifier (if any):** S000055877

- **c. LEI of Series:** 5493006SDZ7HG2FYRE78

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $230109980.43

**Total Liabilities:** $18304927.11

**Net Assets:** $211805053.32

**Cash Not Reported:** $12169732.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 369.79022000 | **1-Year:** 9781.67015600 | **5-Year:** 20816.68718900 | **10-Year:** 18321.50625100 | **30-Year:** 9013.85151300

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

- **3-Month:** 3.43440700 | **1-Year:** 309.09666600 | **5-Year:** 0.00000000 | **10-Year:** 862.86224200 | **30-Year:** 2878.59870400

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176020 | -0.40%               | 2.17%                | 0.37%                |
| Class ID C000176021 | -0.49%               | 2.29%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5001971.52             | $3384829.37                                |
| Month 2  | $-2526413.59             | $7490964.38                                |
| Month 3  | $-59891.54               | $275895.92                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HIDALGO CNTY TEX REGL MOBILITY AUTH                    | HIDALGO CNTY TEX 0.000 Due 12/1/2051                                               | CUSIP: 42934AAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $770436.00    | 0.36%             | 2051-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE             | UTAH TELECOMM OPEN INFRA SALES TAX 5.25% Due 6/1/2035                              | CUSIP: 91756SAN3<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $566445.45    | 0.27%             | 2035-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY                                | DENVER COLO CITY & CNTY ARPT 5%, Due 11/15/2025                                    | CUSIP: 249182ST4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091601.40   | 0.99%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROBLA CALIF SCH DIST                                   | ROBLA CALIF SCH DIST GO 0% Due 08/01/2036                                          | CUSIP: 771027GR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $420102.75    | 0.20%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST HARRIS CNTY TEX MUN UTIL DIST NO 5                | West Harris County Texas Municipal District #5 3.3750%, Due 09/01/2027             | CUSIP: 953082EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $101708.80    | 0.05%             | 2027-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| COLORADO HIGH PERFORMANCE TRAN ENTERPRISE              | CO High Performance Transportation Enter Enterprise Revenue                        | CUSIP: 19648DAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750515.48    | 0.35%             | 2044-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHAMBERS CNTY TEX IMPT DIST NO 1                       | Chambers County Texas Impt Dist #1 2.0%, Due 09/01/2028                            | CUSIP: 157792MR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1343432.11   | 0.63%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL MIDWAY ARPT                                | CHICAGO ILL MIDWAY ARPT REV SECOND LIEN 5%, Due 1/1/2023                           | CUSIP: 167562PD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1740000.00   | 0.82%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                              | MISSOURI ST HSG DEV COMMN SINGLE FAMILY 3.8%, Due 11/1/2048                        | CUSIP: 60637BRG7<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2284128.76   | 1.08%             | 2048-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD ARPT MODERNIZATION CORP                     | Lower CO River TX Authority Transmission 4.0%, DUE 05/15/2042                      | CUSIP: 54714CBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $442181.82    | 0.21%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                    | Public Fin Auth WI Eductnl FAC Rev 5.625% Due 06/01/2050                           | CUSIP: 74443DGD7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $4478763.55   | 2.11%             | 2050-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX                                        | SAN ANTONIO TEX ELEC & GAS REV VAR Due 12/1/2045                                   | CUSIP: 79625GDH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1554824.64   | 0.73%             | 2045-12-01      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY                                | UTAH INFRASTRUCTURE AGY TELE 4.0%, Due 10/15/2029                                  | CUSIP: 917467BU5<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    600000 | PA      | $580823.34    | 0.27%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH                      | Virginia Small Business Financing Authority 4.2%, due 7/1/2050                     | CUSIP: 928104MD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7451628.00   | 3.52%             | 2050-07-01      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SUNFIELD MUN UTIL DIST NO 3 TEX                        | SUNFIELD MUN UTIL 3.000%, Due 09/01/2034                                           | CUSIP: 867342HP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $474961.11    | 0.22%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHLAKE TEX MUN MGMT DIST NO 1                       | NORTHLAKE TEX MUN MGMT DIST NO1 UNLTD 5.5%, Due 03/01/2029                         | CUSIP: 66649TEH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $325783.22    | 0.15%             | 2029-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY ARIZ INDL DEV AUTH                         | LA PAZ CNTY INDL DEV AUTHARPT FACS 7.125% Due 11/15/2045                           | CUSIP: 50376GAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $719963.30    | 0.34%             | 2045-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                           | Ohio State Air Quality Dev Authority FLTR, Due 09/01/2030                          | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2988070.80   | 1.41%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y                                   | LONG IS PWR AUTH N Y ELEC SYS REV .85%, Due 9/1/2050                               | CUSIP: 542691DM9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931968.70    | 0.44%             | 2050-09-01      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH                                | BARTOW CNTY GA DEV 1.800%, Due 09/01/2029                                          | CUSIP: 069643BL7<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3479766.03   | 1.64%             | 2029-09-01      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO                              | REGIONAL TRANSN DIST 4.000%, Due 06/01/2040                                        | CUSIP: 75913TJU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19597.36     | 0.01%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHLAKE TEX MUN MGMT DIST NO 1                       | NORTHLAKE TEX MUN MGMT DIST NO1 UNLTD 5.25%, Due 03/01/2032                        | CUSIP: 66649TFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $629300.70    | 0.30%             | 2032-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TEX REGL MOBILITY AUTH                    | HIDALGO CNTY TEX 0.000% Due 12/01/2054                                             | CUSIP: 42934ABC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $270378.81    | 0.13%             | 2054-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HARRIS-WALLER CNTY MUN UTIL DIST NO 3 TEX              | HARRIS-WALLER CNTY MUN UTIL DIST NO 3 TX 6%, Due 9/1/2031                          | CUSIP: 414642LL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1516724.16   | 0.72%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY                                | UTAH INFRASTRUCTURE AGY TELECOMMUNICATION 3%, Due 10/15/2024                       | CUSIP: 917467BP6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $488136.65    | 0.23%             | 2024-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID-BAY BRIDGE AUTH                         | Mid-Bay Bridge Authority 5%, due 10/1/2035                                         | CUSIP: 342814DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1193741.81   | 0.56%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OHIO                                          | COLUMBUS OHIO SWR REV SEW SYS VAR VAR Due 06/01/2032                               | CUSIP: 199561FU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1110000.00   | 0.52%             | 2032-06-01      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE             | UTAH TELECOMM OPEN INFRA SALES TAX 5.25%, Due 6/1/2034                             | CUSIP: 91756SAM5<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $573519.80    | 0.27%             | 2034-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY                                    | NEW YORK ST MTG AGY HOMEOWNER 1.65%, Due 4/1/2030                                  | CUSIP: 64988YKA4<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    775000 | PA      | $642526.54    | 0.30%             | 2030-04-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| DENVER COLO URBAN RENEWAL AUTH                         | Denver Colorado Urban Renewal Authority Tax Incr 9th & Co Urban Redevelopment Area | CUSIP: 249301FX5<br>LEI: 54930040L61W75KRAG79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007601.20   | 0.95%             | 2039-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| TEXAS TRANSN COMMN                                     | TEXAS TRANSN COMMN GO MOBILITY 0.65%, Due 10/01/2041                               | CUSIP: 882830BJ0<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    685000 | PA      | $623456.52    | 0.29%             | 2041-10-01      | Variable      | 0.65%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH                              | GEORGIA ST HSG & FIN AUTH REV SINGLE FAM 3.8%, Due 12/1/2037                       | CUSIP: 373539K79<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1122714.75   | 0.53%             | 2037-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH                   | PENNSYLVANIA ST 3.000% Due 05/01/2037                                              | CUSIP: 70917SXU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $12072.53     | 0.01%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRAVIS CNTY TEX MUN UTIL DIST NO 21                    | Travis County TX Municipal Utility District No. 21 3.50%, DUE 09/01/2033           | CUSIP: 89440LAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $194180.20    | 0.09%             | 2033-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RENDEZVOUS RESIDENTIAL MET DIST COLO                   | RENDEZVOUS RESIDENTIAL 2.350% Due 12/01/2033                                       | CUSIP: 75969DAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $389641.36    | 0.18%             | 2033-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST HOUSTON TEX REDEV AUTH                       | Southwest Houston TX Redevelopment Authority 4.00%, DUE 09/01/2040                 | CUSIP: 845045BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1332711.23   | 0.63%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY           | California County California 4.0%, Due 06/01/2034                                  | CUSIP: 13016NES9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $146898.53    | 0.07%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE             | UTAH TELECOMM OPEN INFRA SALES TAX 5.25%, Due 6/1/2033                             | CUSIP: 91756SAL7<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $579193.75    | 0.27%             | 2033-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DENVER COLO HEALTH & HOSP AUTH                         | Denver Health & Hospital Authority 4.9%, due 12/1/2024                             | CUSIP: 24918EDK3<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    410000 | PA      | $399754.63    | 0.19%             | 2024-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH PUB HOSP DIST NO 1                      | KING CNTY WASH PUB HOSP DIST NO 001 LTD TAX? 5.0%, Due 12/01/2035                  | CUSIP: 494782LG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $722307.44    | 0.34%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH                                    | INDIANA ST FIN AUTH ENVIRONMENTAL REV 3.75%, Due 06/01/2031                        | CUSIP: 455054BH8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5815443.05   | 2.75%             | 2031-06-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| KAUFMAN CNTY TEX MUN UTIL DIST NO 5                    | KAUFMAN CNTY TEX MUN UTIL 3.000%, Due 03/01/2034                                   | CUSIP: 48618LKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $511242.14    | 0.24%             | 2034-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PEFA INC IOWA                                          | BURKE CNTY GA DEV 2.200%, Due 10/01/2032                                           | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |    595000 | PA      | $609195.81    | 0.29%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNFIELD MUN UTIL DIST NO 3 TEX                        | SUNFIELD MUN UTIL 3.000%, Due 09/01/2036                                           | CUSIP: 867342HR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $476179.56    | 0.22%             | 2036-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TEX REGL MOBILITY AUTH                    | HIDALGO CNTY TEX 0.000% Due 12/01/2056                                             | CUSIP: 42934ABE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18105000 | PA      | $2674733.12   | 1.26%             | 2056-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH                            | Southern California Public Power Authority 5.000%, Due 11/01/2033                  | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536656.60    | 0.25%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HIGH PLAINS MET DIST COLO                              | High Plains Metropolitan District 5%, due 12/1/2035                                | CUSIP: 42970NAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $317932.83    | 0.15%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV ARPT DEPT OF AVIATION                   | CLARK CNTY NEV ARPT REV REF TAX JET AVIATION 5%, Due 07/01/2023                    | CUSIP: 18085PSW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6038695.80   | 2.85%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH                                         | BRECKENRIDGE COLO CTFS PARTN COPS 5% Due 12/1/2042                                 | CUSIP: 49474FUP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 1.89%             | 2046-01-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| KAUFMAN CNTY TEX MUN UTIL DIST NO 5                    | KAUFMAN CNTY TEX MUN UTIL 3.000%, Due 03/01/2035                                   | CUSIP: 48618LKF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $403376.76    | 0.19%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COMWLTH UNIV                                  | VIRGINIA COMWLTH 4.585% Due 05/01/48                                               | CUSIP: 92778RFC6<br>LEI: 54930081U4ULRPR3MK80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1647223.60   | 0.78%             | 2048-05-01      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                            | WASHINGTON ST HSG FIN COMMN 3%, Due 12/1/2031                                      | CUSIP: 93978TUF4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1264307.32   | 0.60%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH                    | San Diego County Regional Airport Authority 5.594% Due 07/01/2043                  | CUSIP: 79742GAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5135000 | PA      | $4986342.26   | 2.35%             | 2043-07-01      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                        | TRIBOROUGH BRDG & TUNL AUTH NY PAYROLL TAX 2%, Due 5/15/2045                       | CUSIP: 89602HAD9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    700000 | PA      | $639171.12    | 0.30%             | 2045-05-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                            | HOU TEX HOTEL OCC TAX 2021 3.000% Due 9/1/2032                                     | CUSIP: 44237NLQ3<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472553.10    | 0.22%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH                    | PENNSYLVANIA ECONOMIC DEV FINGAUTH SOLID WASTE VAR Due 06/01/2041                  | CUSIP: 708692BT4<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971965.10    | 0.46%             | 2041-06-01      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH                                         | KING CNTY WASH SWR REV JR LIEN VAR Due 01/01/2032                                  | CUSIP: 495290BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3547669.73   | 1.67%             | 2032-01-01      | Variable      | 0.62%                 | No            |                  2 | On Loan: No      |
| NORTHGLENN COLO URBAN RENEWAL AUTH                     | Northglenn Urban Renewal Authority 4.0%, Due 12/01/2035                            | CUSIP: 66644KAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $496087.04    | 0.23%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH                                 | BURKE CNTY GA DEV AUTH POLLUTNCTL VAR Due 10/1/2032                                | CUSIP: 121342PX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $517303.59    | 0.24%             | 2032-10-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                           | U.S. Treasury Bill 0.000%, Due 09/07/2023                                          | CUSIP: 912796YH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9699654.90   | 4.58%             | 2023-09-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA INDL DEV AUTH                           | LEHIGH CNTY PA INDL DEV AUTH POLLUTN CTL REV 2.625%, Due 2/15/2027                 | CUSIP: 524808BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3876490.80   | 1.83%             | 2027-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY                                | UTAH INFRA AGY TELECO REVE BDS 2021 4.000%, Due 10/15/2036                         | CUSIP: 917467CB6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    200000 | PA      | $179187.24    | 0.08%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN AGY                          | DC HSG FIN AGY MULTI FAMILY 3.0%, Due 09/01/2028                                   | CUSIP: 254768XD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3551749.24   | 1.68%             | 2028-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE CMNTY DEV DIST NO 7 FLA                        | VILLAGE CMNTY DEV DIST 4.000%. Due 05/01/2036                                      | CUSIP: 92707VAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1015812.55   | 0.48%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT GTR CINCINNATI DEV AUTH OHIO                      | Port Greater Cincinnati Ohio Development Auth 5.250%, Due 12/01/2035               | CUSIP: 734195AS9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924723.50    | 0.44%             | 2035-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                | New York State Housing Finance Agency 3.1%, Due 05/01/2062                         | CUSIP: 64987JVN8<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   7350000 | PA      | $7184658.08   | 3.39%             | 2062-05-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH                                 | BURKE CNTY GA DEV AUTH POLLUTNCTL Floating Rate, Due 01/01/2040                    | CUSIP: 121342NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3463056.30   | 1.64%             | 2040-01-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| NORTHGLENN COLO URBAN RENEWAL AUTH                     | Northglenn Urban Renewal Authority 4.0%, Due 12/01/2034                            | CUSIP: 66644KAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $382484.60    | 0.18%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUNFIELD MUN UTIL DIST NO 3 TEX                        | SUNFIELD MUN UTIL 3.000%, Due 09/01/2035                                           | CUSIP: 867342HQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $477382.71    | 0.23%             | 2035-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TEX REGL MOBILITY AUTH                    | HIDALGO CNTY TEX 0.000% Due 12/1/2050                                              | CUSIP: 42934AAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1088001.50   | 0.51%             | 2050-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN HEALTH EDL & HSG FAC BRD                  | MEMPHIS TN HEALTH EDL & HSG FAC BRD MULTIFAMILY .25%, Due 12/1/2023                | CUSIP: 586169FS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997220.10    | 0.47%             | 2023-12-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY                                | DENVER COLO CITY & CNTY ARPT 5.25%, Due 11/15/2026                                 | CUSIP: 249182SU1<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3731760.55   | 1.76%             | 2026-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                               | MINNESOTA ST HSG FIN AGY RESIDENTIAL 1.85%, Due 7/1/2032                           | CUSIP: 60416TGQ5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    470000 | PA      | $386294.36    | 0.18%             | 2032-07-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Ipmi 3 Llc                                             | IPMI 3 LLC 3.900%, Due 12/01/2028                                                  | CUSIP: 44988XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9000000 | PA      | $7794741.42   | 3.68%             | 2028-12-01      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bills                           | U.S. Treasury Bill 0.000%, Due 5/18/2023                                           | CUSIP: 912796W47<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6880958.00   | 3.25%             | 2023-05-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ADMINISTRATORS OF THE TULANE EDL FD LA                 | Administrators of the Tulane Educational Fund 5%, due 10/1/2047                    | CUSIP: 007110AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $154446.46    | 0.07%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENDEZVOUS RESIDENTIAL MET DIST COLO                   | RENDEZVOUS RESIDENTIAL 2.250% Due 12/01/2031                                       | CUSIP: 75969DAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $448438.48    | 0.21%             | 2031-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ CIVIC IMPT CORP                           | Phoenix Arizona Civic IMPT Corp Rental Car Fac Rev 5.00% Due 07/01/2039            | CUSIP: 718846BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2649592.75   | 1.25%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAMBERS CNTY TEX IMPT DIST NO 1                       | Chambers County Texas Impt Dist #1 2.0%, Due 09/01/2029                            | CUSIP: 157792MS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1324847.49   | 0.63%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FLA UTILS COMMN                                | ORLANDO FLA UTILS COMMN UTIL VAR Due 10/1/2046                                     | CUSIP: 686507JQ8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $957229.20    | 0.45%             | 2046-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| HAMILTON OHIO                                          | HAMILTON OHIO VARIOUS GO PURP LTD TAX 4%, Due 12/28/23                             | CUSIP: 407756P66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3178066.67   | 1.50%             | 2023-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY                                | UTAH INFRASTRUCTURE 4.000% Due 10/15/2038                                          | CUSIP: 917467CC4<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $1817936.52   | 0.86%             | 2038-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                      | Colorado Education & Cultural Facilities Authorized Revenue                        | CUSIP: 19645RA76<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |     50000 | PA      | $46007.46     | 0.02%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN                              | PENNSYLVANIA ST TPK COMMN TPK REV 6.375%, Due 12/1/2038                            | CUSIP: 709223XW6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    725000 | PA      | $818958.41    | 0.39%             | 2038-12-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| NORTHLAKE TEX MUN MGMT DIST NO 1                       | NORTHLAKE TEX MUN MGMT DIST NO1 UNLTD 5.5%, Due 03/01/2028                         | CUSIP: 66649TEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $300831.25    | 0.14%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JEA FLA                                                | JEA FLA WTR & SWR SYS REV VAR Due 10/1/2038                                        | CUSIP: 46613PVX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.71%             | 2038-10-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| TRAVIS CNTY TEX MUN UTIL DIST NO 21                    | Travis County TX Municipal Utility District No. 21 3.0%, Due 09/01/2027            | CUSIP: 89440LAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94438.28     | 0.04%             | 2027-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                    | PUBLIC FIN AUTH WIS AIR CAR 2021 2.012% Due 7/1/2025                               | CUSIP: 74442PRU1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $980137.79    | 0.46%             | 2025-07-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX MUN UTIL DIST NO 500                   | HARRIS CNTY TEX MUN 3.000%, Due 12/01/2034                                         | CUSIP: 41422PSD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $335186.89    | 0.16%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y                                   | Long Island Power Authority 1.50% Due 09/01/2051                                   | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4074202.60   | 1.92%             | 2026-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| SUNFIELD MUN UTIL DIST NO 3 TEX                        | SUNFIELD MUN UTIL 3.000%, Due 09/01/2037                                           | CUSIP: 867342HS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $474652.70    | 0.22%             | 2037-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WHITING IND                                            | City of Whiting IN 5%, Due 11/01/2047                                              | CUSIP: 96634RAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10625000 | PA      | $10772213.63  | 5.09%             | 2047-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY                                | UTAH INFRASTRUCTURE AGY TELECOMMUNICATION 5.000%, Due 10/15/2046                   | CUSIP: 917467CJ9<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3166041.45   | 1.49%             | 2046-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH | LOUISIANA LOC GOVT ENVIRONMENTAL FACS VAR Due 12/1/2046                            | CUSIP: 54628CG22<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500026.25   | 0.71%             | 2046-12-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH                                 | BURKE CNTY GA DEV 2.200%, Due 10/01/2032                                           | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1562636.95   | 0.74%             | 2032-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| PHARR TEX                                              | Pharr Texax Intl Toll Bridge System Revenue 4.00 % Due 08/15/2033                  | CUSIP: 717194AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5121.43      | 0.00%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                         | EW YORK N Y CITY HSG DEV CORPMULTIFAMILY 3.4%, Due 11/1/2062                       | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2498517.00   | 1.18%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH                            | Southern California Power Auth Natural Gas Variable, Due 11/01/2038                | CUSIP: 842471AZ7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   5550000 | PA      | $4770782.78   | 2.25%             | 2038-11-01      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY                                | UTAH INFRASTRUCTURE AGY TELECOMMUNICATION 5.000%, Due 10/15/2037                   | CUSIP: 917467CH3<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1211686.80   | 0.57%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEPT                        | OREGON ST HSG & CMNTY SVCS DEPT VAR Due 7/1/2039                                   | CUSIP: 686087UK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8105000 | PA      | $8105000.00   | 3.83%             | 2039-07-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| KAUFMAN CNTY TEX MUN UTIL DIST NO 4                    | Kaufman County Municipal Utility District No 4 4.000%, Due 03/01/2034              | CUSIP: 48619DJJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $568064.97    | 0.27%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                | NEW YORK ST HSG FIN AGY REV AFFORDABLE 1.8%, Due 11/1/2030                         | CUSIP: 64987D6B5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    560000 | PA      | $468848.24    | 0.22%             | 2030-11-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TEX REGL MOBILITY AUTH                    | HIDALGO CNTY TEX 0.000% Due 12/01/2052                                             | CUSIP: 42934ABA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6630000 | PA      | $1285819.55   | 0.61%             | 2052-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH                      | VIRGINIA SMALL BUSIN 5.000% Due 12/31/2057                                         | CUSIP: 928104QL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $396453.56    | 0.19%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST ECONOMIC DEV FIN AUTH                    | WASHINGTON ST ECONOMIC DEV FINAUTH VAR Due 12/1/2042                               | CUSIP: 93975YAN1<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8990397.90   | 4.24%             | 2042-12-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FLA AVIATION AUTH                    | HILLSBOROUGH CNTY FLA AVIATIONAUTH 5%, Due 10/1/2040                               | CUSIP: 432308L93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2038020.14   | 0.96%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH                      | VIRGINIA SMALL BUSINESS FING AUTH ENVIRO VAR Due 11/1/2052                         | CUSIP: 92810RAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2491109.25   | 1.18%             | 2052-11-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                | NY ST HSG FIN AGY REV AFFORDABLE 1%, Due 10/31/2061                                | CUSIP: 64987JRB9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    700000 | PA      | $631405.88    | 0.30%             | 2061-05-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                              | Colorado Health Facilities Authority 5%, due 1/1/2023                              | CUSIP: 19648AXU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50000.00     | 0.02%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY ARIZ INDL DEV AUTH                         | LA PAZ CNTY INDL DEV AUTHARPT FACS 7.000% Due 11/15/2038                           | CUSIP: 50376GAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1566022.82   | 0.74%             | 2038-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CHAMBERS CNTY TEX IMPT DIST NO 1                       | Chambers County Texas Impt Dist #1 2.0%, Due 09/01/2027                            | CUSIP: 157792MQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1363677.73   | 0.64%             | 2027-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                | NEW YORK ST HSG FIN AGY REV AFFORDABLE 1.95%, Due 5/1/2032                         | CUSIP: 64987D6E9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2014388.96   | 0.95%             | 2032-05-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| DENVER COLO URBAN RENEWAL AUTH                         | Denver Colorado Urban Renewal Authority Tax Incr 9th & Co Urban Redevelopment Area | CUSIP: 249301FY3<br>LEI: 54930040L61W75KRAG79 | Long             | DBT              | MUN               | US        |    900000 | PA      | $902221.38    | 0.43%             | 2039-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV       | MARYLAND ST CMNTY 1.0500% Due 3/1/2029                                             | CUSIP: 57419TPU9<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |    500000 | PA      | $424697.35    | 0.20%             | 2029-03-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH                               | ARIZONA HEALTH FACS AUTH VAR Due 1/1/46                                            | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 2.36%             | 2046-01-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                      | Illinois Finance Authority 5%, due 2/15/2045                                       | CUSIP: 45204EPQ5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102839.25    | 0.05%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

**Name of Applicant:** SBH Municipal Bond Fund

**Signature:** Jennifer L. Leamer

**Name of Signer:** Jennifer L. Leamer

**Title:** Assistant Treasurer