# EDGAR Filing Document

**Accession Number:** 0000797923
**File Stem:** 0000940400-25-002951
**Filing Date:** 2025-9
**Character Count:** 160261
**Document Hash:** 0b5b3c3f21baf43449a36edf0791f7cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002951.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000940400-25-002951

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Opportunistic Municipal Securities Fund
- **CENTRAL INDEX KEY:** 0000797923

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04764
- **FILM NUMBER:** 251350033

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS MUNICIPAL BOND OPPORTUNITY FUND
- **DATE OF NAME CHANGE:** 20081201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS PREMIER MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 19970605

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PREMIER MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BNY Mellon Opportunistic Municipal Securities Fund (Series ID: S000000090)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000000131 | Class A      | PTEBX           |
| C000000133 | Class C      | DMBCX           |
| C000001400 | Class Z      | DMBZX           |
| C000173299 | Class Y      | DMBYX           |
| C000173300 | Class I      | DMBVX           |

## Nport-Ex

BNY Mellon Opportunistic Municipal Securities Fund

STATEMENT OF INVESTMENTS

July 31, 2025 (Unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Value ($) |
| **Bonds and Notes — .4%** | **Bonds and Notes — .4%** | **Bonds and Notes — .4%** | **Bonds and Notes — .4%** | **Bonds and Notes — .4%** |
| **Collateralized Municipal-Backed Securities — .4%** | **Collateralized Municipal-Backed Securities — .4%** | **Collateralized Municipal-Backed Securities — .4%** | **Collateralized Municipal-Backed Securities — .4%** | **Collateralized Municipal-Backed Securities — .4%** |
| Arizona Industrial Development Authority, Revenue Bonds, Ser. 2019-2 | 3.63 | 5/20/2033 | 830540 | 799477 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds (Sustainable <br> Certificates) Ser. A<br>| 3.50 | 12/20/2035 | 936349 | 880042 |
| &nbsp;&nbsp;&nbsp; **Total Bonds and Notes** <br>(cost $1,952,977)<br>|  |  |  | **1679519** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Long-Term Municipal Investments — 100.3%** | **Long-Term Municipal Investments — 100.3%** | **Long-Term Municipal Investments — 100.3%** | **Long-Term Municipal Investments — 100.3%** | **Long-Term Municipal Investments — 100.3%** |
| **Alabama — 3.5%** | **Alabama — 3.5%** | **Alabama — 3.5%** | **Alabama — 3.5%** | **Alabama — 3.5%** |
| &nbsp;&nbsp;&nbsp; Baldwin County Industrial Development Authority, Revenue Bonds (Novelis <br> Corporation Project) Ser. A<sup>(a),(b)</sup> <br>| 5.00 | 6/1/2032 | 1000000 | 998697 |
| Birmingham-Jefferson Civic Center Authority, Special Tax Bonds, Ser. B | 5.00 | 7/1/2043 | 2300000 | 2285519 |
| Black Belt Energy Gas District, Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 11/1/2034 | 1850000 | 1947362 |
| Black Belt Energy Gas District, Revenue Bonds, Refunding, Ser. D1<sup>(a)</sup> <br>| 4.00 | 6/1/2027 | 1000000 | 1010566 |
| Jefferson County, Revenue Bonds, Refunding | 5.50 | 10/1/2053 | 4250000 | 4318821 |
| &nbsp;&nbsp;&nbsp; Mobile County Industrial Development Authority, Revenue Bonds (Calvert LLC <br> Project) Ser. B<br>| 4.75 | 12/1/2054 | 1000000 | 874546 |
| &nbsp;&nbsp;&nbsp; Selma Industrial Development Board, Revenue Bonds, Refunding (International <br> Paper Co.) Ser. A<br>| 4.20 | 5/1/2034 | 1500000 | 1497269 |
| University of Alabama at Birmingham, Revenue Bonds (Board of Trustees) Ser. B | 4.00 | 10/1/2035 | 2000000 | 2005451 |
|  |  |  |  | **14938231** |
| **Arizona — 3.8%** | **Arizona — 3.8%** | **Arizona — 3.8%** | **Arizona — 3.8%** | **Arizona — 3.8%** |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Sustainable Bond) <br> (Equitable School Revolving Fund Obligated Group) Ser. A<br>| 4.00 | 11/1/2038 | 3065000 | 2817194 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Sustainable Bond) <br> (Equitable School Revolving Fund Obligated Group) Ser. A<br>| 5.25 | 11/1/2048 | 2000000 | 1966361 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds, Refunding (BASIS <br> Schools Projects) Ser. A<sup>(b)</sup> <br>| 5.38 | 7/1/2050 | 2500000 | 2385608 |
| &nbsp;&nbsp;&nbsp; Glendale Industrial Development Authority, Revenue Bonds, Refunding (Sun <br> Health Services Obligated Group) Ser. A<br>| 5.00 | 11/15/2054 | 1500000 | 1380714 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial Development Authority, Revenue Bonds (Harmony Public <br> Schools) Ser. A<sup>(b)</sup> <br>| 5.00 | 2/15/2046 | 2000000 | 1806190 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial Development Authority, Revenue Bonds (Harmony Public <br> Schools) Ser. A<br>| 5.00 | 2/15/2048 | 1000000 | 888864 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds (Banner <br> Health Obligated Group) Ser. A<br>| 5.00 | 1/1/2041 | 1175000 | 1188421 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds (Benjamin <br> Franklin Charter School Obligated Group)<sup>(b)</sup> <br>| 6.00 | 7/1/2038 | 2750000 | 2806499 |
| &nbsp;&nbsp;&nbsp; The Phoenix Arizona Industrial Development Authority, Revenue Bonds, <br> Refunding (BASIS Schools Projects) Ser. A<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 1000000 | 921981 |
|  |  |  |  | **16161832** |
| **Arkansas — 1.1%** | **Arkansas — 1.1%** | **Arkansas — 1.1%** | **Arkansas — 1.1%** | **Arkansas — 1.1%** |
| &nbsp;&nbsp;&nbsp; Arkansas Development Finance Authority, Revenue Bonds (Sustainable Bond) <br> (U.S. Steel Corp.)<br>| 5.70 | 5/1/2053 | 4800000 | **4818761** |
| **California — 5.6%** | **California — 5.6%** | **California — 5.6%** | **California — 5.6%** | **California — 5.6%** |
| &nbsp;&nbsp;&nbsp; Alameda Corridor Transportation Authority, Revenue Bonds (Insured; Assured <br> Guaranty Municipal Corp.) Ser. C<br>| 5.00 | 10/1/2052 | 2500000 | 2504477 |
| California, GO, Refunding | 5.25 | 9/1/2047 | 1000000 | 1041457 |
| California Community Choice Financing Authority, Revenue Bonds Ser. D<sup>(a)</sup> <br>| 5.00 | 7/1/2034 | 2500000 | 2605816 |

---

**3**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **California — 5.6% (continued)** | **California — 5.6% (continued)** | **California — 5.6% (continued)** | **California — 5.6% (continued)** | **California — 5.6% (continued)** |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority, Revenue Bonds (Sustainable <br> Bond) (Clean Energy Project) Ser. D<sup>(a)</sup> <br>| 5.00 | 9/1/2032 | 1000000 | 1064712 |
| &nbsp;&nbsp;&nbsp; California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. <br> A<br>| 4.00 | 6/1/2040 | 400000 | 364709 |
| &nbsp;&nbsp;&nbsp; California Health Facilities Financing Authority, Revenue Bonds, Refunding <br> (Providence St. Joseph Health Obligated Group) Ser. C<sup>(a)</sup> <br>| 5.25 | 10/1/2035 | 1000000 | 1098284 |
| California Housing Finance Agency, Revenue Bonds, | 3.50 | 11/20/2035 | 1399302 | 1306428 |
| California Municipal Finance Authority, Revenue Bonds (United Airlines Project) | 4.00 | 7/15/2029 | 3675000 | 3612943 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, Revenue Bonds, Refunding (HumanGood <br> California Obligated Group) Ser. A<br>| 5.00 | 10/1/2044 | 1000000 | 967862 |
| California Municipal Finance Authority, Revenue Bonds, Refunding, Ser. A<sup>(b)</sup> <br>| 5.38 | 11/1/2045 | 775000 | 766781 |
| California Municipal Finance Authority, Revenue Bonds, Refunding, Ser. A<sup>(b)</sup> <br>| 5.63 | 11/1/2054 | 500000 | 494296 |
| California University, Revenue Bonds, Refunding, Ser. B2<sup>(a)</sup> <br>| 0.55 | 11/1/2026 | 1000000 | 964628 |
| Los Angeles Department of Water & Power, Revenue Bonds, Refunding, Ser. E | 5.00 | 7/1/2034 | 2175000 | 2419650 |
| San Diego County Regional Airport Authority, Revenue Bonds Ser. B | 5.50 | 7/1/2055 | 1000000 | 1032875 |
| San Diego County Regional Airport Authority, Revenue Bonds, Ser. B | 4.00 | 7/1/2046 | 1750000 | 1505307 |
| &nbsp;&nbsp;&nbsp; Southern California Public Power Authority, Revenue Bonds (Insured; Build <br> America Mutual) Ser. 1<br>| 5.25 | 7/1/2050 | 2000000 | 2055450 |
|  |  |  |  | **23805675** |
| **Colorado — 2.7%** | **Colorado — 2.7%** | **Colorado — 2.7%** | **Colorado — 2.7%** | **Colorado — 2.7%** |
| &nbsp;&nbsp;&nbsp; Canyons Metropolitan District No. 5, GO, Refunding (Insured; Build America <br> Mutual) Ser. A<br>| 5.00 | 12/1/2040 | 600000 | 618532 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority, Revenue Bonds (Covenant Retirement <br> Communities)<br>| 5.00 | 12/1/2043 | 2955000 | 2853827 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority, Revenue Bonds, Refunding (Intermountain <br> Healthcare Obligated Group) Ser. A<br>| 4.00 | 5/15/2052 | 2000000 | 1678903 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority, Revenue Bonds, Refunding (School Health <br> System) Ser. A<br>| 4.00 | 1/1/2036 | 2000000 | 1984835 |
| Denver City & County Airport System, Revenue Bonds, Refunding, Ser. A | 5.50 | 11/15/2053 | 3000000 | 3071961 |
| &nbsp;&nbsp;&nbsp; Regional Transportation District, Revenue Bonds, Refunding (Denver Transit <br> Partners) Ser. A<br>| 5.00 | 1/15/2031 | 950000 | 1014657 |
|  |  |  |  | **11222715** |
| **Connecticut — .2%** | **Connecticut — .2%** | **Connecticut — .2%** | **Connecticut — .2%** | **Connecticut — .2%** |
| &nbsp;&nbsp;&nbsp; Connecticut Health & Educational Facilities Authority, Revenue Bonds, Refunding <br> (Fairfield University) Ser. T<br>| 4.00 | 7/1/2055 | 1000000 | **798347** |
| **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** |
| &nbsp;&nbsp;&nbsp; Delaware Economic Development Authority, Revenue Bonds (ACTS Retirement-<br> Life Communities Obligated Group) Ser. B<br>| 5.25 | 11/15/2053 | 1000000 | **960949** |
| **District of Columbia — 2.3%** | **District of Columbia — 2.3%** | **District of Columbia — 2.3%** | **District of Columbia — 2.3%** | **District of Columbia — 2.3%** |
| District of Columbia, Revenue Bonds, Ser. A | 5.50 | 7/1/2047 | 3000000 | 3121447 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Revenue Bonds, Refunding (The Catholic University Of <br> America) Ser. A<br>| 5.75 | 10/1/2055 | 1000000 | 1024396 |
| Metropolitan Washington Airports Authority, Revenue Bonds, Refunding | 5.00 | 10/1/2035 | 1500000 | 1525383 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority, Revenue Bonds, Refunding <br> (Dulles Metrorail) Ser. B<br>| 4.00 | 10/1/2049 | 2500000 | 2074357 |
| Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 10/1/2035 | 1000000 | 1006552 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority, Revenue Bonds (Sustainable <br> Bond) Ser. A<br>| 4.13 | 7/15/2047 | 1000000 | 884390 |
|  |  |  |  | **9636525** |
| **Florida — 4.8%** | **Florida — 4.8%** | **Florida — 4.8%** | **Florida — 4.8%** | **Florida — 4.8%** |
| Broward County Airport System, Revenue Bonds | 5.00 | 10/1/2037 | 1560000 | 1569426 |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **Florida — 4.8% (continued)** | **Florida — 4.8% (continued)** | **Florida — 4.8% (continued)** | **Florida — 4.8% (continued)** | **Florida — 4.8% (continued)** |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., Revenue Bonds, Refunding (Insured; Assured <br> Guaranty Municipal Corp.)<br>| 5.25 | 7/1/2053 | 2410000 | 2307727 |
| Florida Local Government Finance Commission, Revenue Bonds Ser. A<sup>(b)</sup> <br>| 5.50 | 6/15/2040 | 2300000 | 2295960 |
| Florida Municipal Power Agency, Revenue Bonds, Ser. A | 3.00 | 10/1/2032 | 1000000 | 954874 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Aviation Authority, Revenue Bonds (Tampa International <br> Airport)<br>| 5.00 | 10/1/2034 | 1000000 | 1053386 |
| Jacksonville, Revenue Bonds, Refunding (Brooks Rehabilitation Project) | 4.00 | 11/1/2045 | 1500000 | 1271319 |
| Miami Beach Redevelopment Agency, Tax Allocation Bonds, Refunding | 5.00 | 2/1/2033 | 1000000 | 1000379 |
| Miami Beach Stormwater, Revenue Bonds, Refunding | 5.00 | 9/1/2047 | 2500000 | 2519961 |
| Mid-Bay Bridge Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 10/1/2040 | 1000000 | 1003494 |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, Revenue Bonds (Orlando Health <br> Obligated Group) Ser. A<br>| 5.00 | 10/1/2053 | 2000000 | 1946614 |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health Facilities Authority, Revenue Bonds, Refunding (Baptist <br> Health South Florida Obligated Group)<br>| 4.00 | 8/15/2049 | 3305000 | 2693086 |
| Village Community Development District No. 15, Special Assessment Bonds<sup>(b)</sup> <br>| 5.25 | 5/1/2054 | 1500000 | 1448281 |
|  |  |  |  | **20064507** |
| **Georgia — 2.6%** | **Georgia — 2.6%** | **Georgia — 2.6%** | **Georgia — 2.6%** | **Georgia — 2.6%** |
| &nbsp;&nbsp;&nbsp; Georgia Municipal Electric Authority, Revenue Bonds (Plant Vogtle Units <br> 3&4 Project)<br>| 5.00 | 1/1/2037 | 1100000 | 1130088 |
| &nbsp;&nbsp;&nbsp; Georgia Municipal Electric Authority, Revenue Bonds (Plant Vogtle Units <br> 3&4 Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A<br>| 5.00 | 7/1/2055 | 1000000 | 994819 |
| &nbsp;&nbsp;&nbsp; Georgia Municipal Electric Authority, Revenue Bonds, Refunding (Insured; Build <br> America Mutual) Ser. A<br>| 5.25 | 1/1/2054 | 1995000 | 2035417 |
| Georgia Ports Authority, Revenue Bonds | 4.00 | 7/1/2052 | 1250000 | 1066365 |
| Main Street Natural Gas, Inc., Revenue Bonds, Ser. B<sup>(a)</sup> <br>| 5.00 | 6/1/2029 | 2000000 | 2087250 |
| Main Street Natural Gas, Inc., Revenue Bonds, Ser. C<sup>(a)</sup> <br>| 4.00 | 9/1/2026 | 1250000 | 1252943 |
| Main Street Natural Gas, Inc., Revenue Bonds, Ser. E<sup>(a)</sup> <br>| 5.00 | 12/1/2032 | 2500000 | 2626029 |
|  |  |  |  | **11192911** |
| **Illinois — 6.6%** | **Illinois — 6.6%** | **Illinois — 6.6%** | **Illinois — 6.6%** | **Illinois — 6.6%** |
| Chicago, GO Ser. A | 6.00 | 1/1/2050 | 1000000 | 1022426 |
| Chicago, GO (Housing And Economic Development Projects) Ser. F | 6.00 | 1/1/2055 | 1500000 | 1529418 |
| Chicago, GO, Ser. A | 5.00 | 1/1/2045 | 1500000 | 1410674 |
| Chicago Board of Education, GO, Ser. A | 6.00 | 12/1/2049 | 1000000 | 1022338 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, GO, Refunding (Insured; Assured Guaranty Municipal <br> Corp.) Ser. A<br>| 5.00 | 12/1/2033 | 1000000 | 1023286 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, GO, Refunding (Insured; Assured Guaranty Municipal <br> Corp.) Ser. C<br>| 5.00 | 12/1/2030 | 1500000 | 1560819 |
| Chicago Board of Education, Revenue Bonds | 5.00 | 4/1/2042 | 1000000 | 986659 |
| Chicago O'Hare International Airport, Revenue Bonds, Ser. A | 5.50 | 1/1/2055 | 1500000 | 1512543 |
| Chicago Park District, GO, Refunding, Ser. C | 5.00 | 1/1/2039 | 1150000 | 1193177 |
| &nbsp;&nbsp;&nbsp; Chicago Wastewater, Revenue Bonds, Refunding (Insured; Build America Mutual) <br> Ser. A<br>| 5.00 | 1/1/2044 | 1500000 | 1523146 |
| Chicago Waterworks, Revenue Bonds, Refunding, Ser. A | 5.00 | 11/1/2039 | 1750000 | 1826263 |
| Illinois, GO, Refunding, Ser. D | 4.00 | 7/1/2037 | 1750000 | 1651363 |
| Illinois, Revenue Bonds, Ser. C | 5.00 | 6/15/2045 | 2000000 | 2001652 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Revenue Bonds, Refunding (OSF Healthcare System <br> Obligated Group) Ser. A<br>| 5.00 | 11/15/2045 | 665000 | 644512 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Revenue Bonds, Refunding (The University of Chicago) <br> Ser. A<br>| 4.00 | 4/1/2050 | 3760000 | 3143747 |
| &nbsp;&nbsp;&nbsp; Illinois Housing Development Authority, Revenue Bonds (Sustainable Bond) <br> (Insured; GNMA, FNMA, FHLMC) Ser. A<br>| 3.00 | 4/1/2051 | 1185000 | 1172982 |

---

**5**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **Illinois — 6.6% (continued)** | **Illinois — 6.6% (continued)** | **Illinois — 6.6% (continued)** | **Illinois — 6.6% (continued)** | **Illinois — 6.6% (continued)** |
| &nbsp;&nbsp;&nbsp; Metropolitan Water Reclamation District of Greater Chicago, GO (Sustainable <br> Bond) Ser. A<br>| 5.00 | 12/1/2044 | 1000000 | 1030186 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University, Revenue Bonds, Refunding (Insured; Build America <br> Mutual) Ser. B<br>| 4.00 | 4/1/2040 | 1475000 | 1329672 |
| Sales Tax Securitization Corp., Revenue Bonds, Refunding, Ser. A | 4.00 | 1/1/2038 | 1000000 | 945782 |
| Sales Tax Securitization Corp., Revenue Bonds, Refunding, Ser. A | 4.00 | 1/1/2039 | 1350000 | 1251710 |
|  |  |  |  | **27782355** |
| **Indiana — .5%** | **Indiana — .5%** | **Indiana — .5%** | **Indiana — .5%** | **Indiana — .5%** |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, Revenue Bonds, Refunding (CWA Authority Project) <br> Ser. 1<br>| 4.00 | 10/1/2036 | 1980000 | **1986003** |
| **Iowa — 2.0%** | **Iowa — 2.0%** | **Iowa — 2.0%** | **Iowa — 2.0%** | **Iowa — 2.0%** |
| Iowa Finance Authority, Revenue Bonds, Refunding (Iowa Fertilizer Co. Project)<sup>(c)</sup> <br>| 5.00 | 12/1/2032 | 1000000 | 1129353 |
| &nbsp;&nbsp;&nbsp; Iowa Finance Authority, Revenue Bonds, Refunding (Lifespace Communities <br> Obligated Group) Ser. B<br>| 7.25 | 5/15/2038 | 2000000 | 2243134 |
| Iowa Student Loan Liquidity Corp., Revenue Bonds, Ser. B | 5.00 | 12/1/2030 | 1500000 | 1579098 |
| Iowa Tobacco Settlement Authority, Revenue Bonds, Refunding, Ser. A2 | 4.00 | 6/1/2049 | 2000000 | 1650329 |
| PEFA, Inc., Revenue Bonds (Gas Project)<sup>(a)</sup> <br>| 5.00 | 9/1/2026 | 2000000 | 2021114 |
|  |  |  |  | **8623028** |
| **Kentucky — 1.1%** | **Kentucky — 1.1%** | **Kentucky — 1.1%** | **Kentucky — 1.1%** | **Kentucky — 1.1%** |
| Kentucky Public Energy Authority, Revenue Bonds, Refunding, Ser. A1<sup>(a)</sup> <br>| 5.25 | 2/1/2032 | 4500000 | **4826649** |
| **Louisiana — 2.2%** | **Louisiana — 2.2%** | **Louisiana — 2.2%** | **Louisiana — 2.2%** | **Louisiana — 2.2%** |
| Ernest N. Morial New Orleans Exhibition Hall Authority, Special Tax Bonds | 5.50 | 7/15/2054 | 2000000 | 2053610 |
| Louisiana Public Facilities Authority, Revenue Bonds (Calcasieu Bridge Partners) | 5.50 | 9/1/2059 | 2500000 | 2490927 |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities Authority, Revenue Bonds, Refunding (Ochsner Clinic <br> Foundation Obligated Group) Ser. A<br>| 5.50 | 5/15/2050 | 1335000 | 1362922 |
| &nbsp;&nbsp;&nbsp; New Orleans Aviation Board, Revenue Bonds, Refunding (Insured; Assured <br> Guaranty Municipal Corp.)<br>| 5.00 | 1/1/2036 | 1135000 | 1159358 |
| &nbsp;&nbsp;&nbsp; New Orleans Aviation Board, Revenue Bonds (Parking Facilities Corp.) (Insured; <br> Assured Guaranty Municipal Corp.)<br>| 5.00 | 10/1/2048 | 1100000 | 1090764 |
| St. John the Baptist Parish, Revenue Bonds, Refunding (Marathon Oil Corp.)<sup>(a)</sup> <br>| 2.20 | 7/1/2026 | 1000000 | 991904 |
|  |  |  |  | **9149485** |
| **Maine — .4%** | **Maine — .4%** | **Maine — .4%** | **Maine — .4%** | **Maine — .4%** |
| Finance Authority of Maine, Revenue Bonds | 5.50 | 7/1/2050 | 1750000 | **1799446** |
| **Maryland — .8%** | **Maryland — .8%** | **Maryland — .8%** | **Maryland — .8%** | **Maryland — .8%** |
| &nbsp;&nbsp;&nbsp; Maryland Economic Development Corp., Revenue Bonds (Sustainable Bond) <br> (Purple Line Transit Partners) Ser. B<br>| 5.25 | 6/30/2055 | 2490000 | 2335501 |
| Maryland Stadium Authority, Revenue Bonds | 4.00 | 6/1/2049 | 1150000 | 989197 |
|  |  |  |  | **3324698** |
| **Massachusetts — 2.1%** | **Massachusetts — 2.1%** | **Massachusetts — 2.1%** | **Massachusetts — 2.1%** | **Massachusetts — 2.1%** |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Revenue Bonds (Brown University) <br> Ser. A<br>| 5.50 | 8/15/2050 | 1500000 | 1503031 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Boston <br> College) Ser. W<br>| 5.00 | 7/1/2055 | 2250000 | 2254543 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk <br> University)<br>| 5.00 | 7/1/2027 | 1750000 | 1784619 |
| Massachusetts Development Finance Agency, Revenue Bonds, Refunding, Ser. G | 5.25 | 11/1/2051 | 1000000 | 1011581 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Revenue Bonds, Refunding <br> (Sustainable Bond) (Boston Medical Center)<br>| 4.38 | 7/1/2052 | 1000000 | 846795 |
| Massachusetts Housing Finance Agency, Revenue Bonds, Ser. B | 4.50 | 6/1/2056 | 1500000 | 1330727 |
|  |  |  |  | **8731296** |

---

**6**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **Michigan — 4.2%** | **Michigan — 4.2%** | **Michigan — 4.2%** | **Michigan — 4.2%** | **Michigan — 4.2%** |
| &nbsp;&nbsp;&nbsp; Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding <br> (Catalyst Development Project)<br>| 5.00 | 7/1/2042 | 1500000 | 1533116 |
| &nbsp;&nbsp;&nbsp; Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding <br> (Catalyst Development Project)<br>| 5.00 | 7/1/2048 | 2885000 | 2866428 |
| Great Lakes Water Authority, Revenue Bonds, Ser. B | 5.00 | 7/1/2046 | 795000 | 787722 |
| Great Lakes Water Authority, Revenue Bonds, Ser. D | 5.50 | 7/1/2050 | 1500000 | 1566913 |
| Karegnondi Water Authority, Revenue Bonds, Refunding | 5.00 | 11/1/2041 | 1000000 | 1008791 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, Revenue Bonds (Henry Ford Health System Obligated <br> Group) Ser. A<br>| 4.00 | 11/15/2050 | 1665000 | 1388232 |
| Michigan Finance Authority, Revenue Bonds, Refunding (Beaumont-Spectrum) | 4.00 | 4/15/2042 | 1425000 | 1316480 |
| Michigan Finance Authority, Revenue Bonds (Sustainable Bond) (Henry Ford) | 4.38 | 2/28/2054 | 1000000 | 874448 |
| Michigan Strategic Fund, Revenue Bonds (I-75 Improvement Project) | 5.00 | 6/30/2033 | 3900000 | 3983782 |
| Michigan Trunk Line, Revenue Bonds (State Trunk Line Fund Bond) | 4.00 | 11/15/2046 | 1050000 | 933018 |
| Pontiac School District, GO (Insured; Qualified School Board Loan Fund) | 4.00 | 5/1/2045 | 1800000 | 1616429 |
|  |  |  |  | **17875359** |
| **Minnesota — 1.2%** | **Minnesota — 1.2%** | **Minnesota — 1.2%** | **Minnesota — 1.2%** | **Minnesota — 1.2%** |
| Minneapolis-St. Paul Metropolitan Airports Commission, Revenue Bonds, Ser. A | 4.00 | 1/1/2054 | 2500000 | 2075847 |
| &nbsp;&nbsp;&nbsp; Minnesota Agricultural & Economic Development Board, Revenue Bonds <br> (HealthPartners Obligated Group)<br>| 5.25 | 1/1/2054 | 2000000 | 1999541 |
| Woodbury, Revenue Bonds, Refunding (Math & Science Academy)<sup>(b)</sup> <br>| 5.50 | 6/1/2063 | 1000000 | 883333 |
|  |  |  |  | **4958721** |
| **Missouri — .2%** | **Missouri — .2%** | **Missouri — .2%** | **Missouri — .2%** | **Missouri — .2%** |
| &nbsp;&nbsp;&nbsp; Missouri Health & Educational Facilities Authority, Revenue Bonds, Refunding <br> (Lutheran Senior Services Obligated Group) Ser. A<br>| 5.25 | 2/1/2054 | 1000000 | **937460** |
| **Nevada — 1.8%** | **Nevada — 1.8%** | **Nevada — 1.8%** | **Nevada — 1.8%** | **Nevada — 1.8%** |
| Clark County, GO, Ser. A | 5.00 | 6/1/2043 | 5000000 | 5047561 |
| Clark County School District, GO, Ser. A | 5.00 | 6/15/2039 | 1500000 | 1561931 |
| Reno, Revenue Bonds, Refunding (Reno Transportation Rail Access Project) | 5.00 | 6/1/2048 | 920000 | 919618 |
|  |  |  |  | **7529110** |
| **New Hampshire — .8%** | **New Hampshire — .8%** | **New Hampshire — .8%** | **New Hampshire — .8%** | **New Hampshire — .8%** |
| New Hampshire Business Finance Authority, Revenue Bonds Ser. A | 5.50 | 6/1/2050 | 1000000 | 1012704 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, Revenue Bonds (The Wildflower <br> Project)<sup>(b),(d)</sup> <br>| 0.00 | 12/15/2033 | 1500000 | 908479 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, Revenue Bonds (University of Nevada <br> Reno Project) (Insured; Build America Mutual) Ser. A<br>| 4.00 | 12/1/2040 | 515000 | 488578 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, Revenue Bonds (University of Nevada <br> Reno Project) (Insured; Build America Mutual) Ser. A<br>| 4.13 | 12/1/2043 | 1000000 | 921508 |
|  |  |  |  | **3331269** |
| **New Jersey — 1.4%** | **New Jersey — 1.4%** | **New Jersey — 1.4%** | **New Jersey — 1.4%** | **New Jersey — 1.4%** |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Revenue Bonds (Repauno Port & <br> Rail Terminal Project)<sup>(b)</sup> <br>| 6.38 | 1/1/2035 | 1595000 | 1620972 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. BB | 5.25 | 6/15/2050 | 1500000 | 1528133 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. <br> AA<br>| 5.00 | 6/15/2042 | 1500000 | 1536745 |
| New Jersey Turnpike Authority, Revenue Bonds, Ser. B | 4.13 | 1/1/2054 | 700000 | 601247 |
| Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | 5.25 | 6/1/2046 | 620000 | 616071 |
|  |  |  |  | **5903168** |
| **New York — 10.8%** | **New York — 10.8%** | **New York — 10.8%** | **New York — 10.8%** | **New York — 10.8%** |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Revenue Bonds, Refunding (Sustainable <br> Bond) Ser. C1<br>| 5.00 | 11/15/2050 | 2850000 | 2761042 |
| New York City, GO, Ser. F1 | 4.00 | 3/1/2047 | 200000 | 173432 |
| New York City Municipal Water Finance Authority, Revenue Bonds, Ser. CC1 | 4.25 | 6/15/2054 | 1255000 | 1110318 |

---

**7**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **New York — 10.8% (continued)** | **New York — 10.8% (continued)** | **New York — 10.8% (continued)** | **New York — 10.8% (continued)** | **New York — 10.8% (continued)** |
| New York Energy Finance Development Corp., Revenue Bonds<sup>(a)</sup> <br>| 5.00 | 12/1/2033 | 1000000 | 1043060 |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World <br> Trade Center Project) Ser. 1<sup>(b)</sup> <br>| 5.00 | 11/15/2044 | 2000000 | 1917369 |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp., Revenue Bonds, Refunding (Goldman Sachs <br> Headquarters)<br>| 5.25 | 10/1/2035 | 1000000 | 1119292 |
| New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | 4.38 | 10/1/2045 | 2500000 | 2171013 |
| New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | 5.00 | 1/1/2032 | 1500000 | 1526124 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (Insured; Assured <br> Guaranty Municipal Corp.)<br>| 6.00 | 6/30/2055 | 3500000 | 3671212 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (JFK International <br> Airport Terminal)<br>| 5.00 | 12/1/2040 | 2000000 | 1997211 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport <br> Terminal B Redevelopment Project) Ser. A<br>| 5.00 | 7/1/2046 | 1350000 | 1285318 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (Sustainable Bond) <br> (JFK International Airport Terminal One Project) (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 5.00 | 6/30/2054 | 2745000 | 2599650 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (Sustainable Bond) <br> (JFK International Airport Terminal One Project) (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 5.13 | 6/30/2060 | 390000 | 370666 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts, (Series 2023-XF1639) (New York State Urban <br> Development Corp., Revenue Bonds, Ser. A) Non-Recourse, Underlying Coupon <br> Rate 5.00%<sup>(b),(e),(f)</sup> <br>| 13.44 | 3/15/2053 | 10000000 | 10048996 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A1 | 5.25 | 5/15/2059 | 5000000 | 5107821 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority, Revenue Bonds, (MTA Bridges & Tunnels) <br> Ser. A<br>| 5.25 | 5/15/2057 | 2500000 | 2535545 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. C | 5.25 | 5/15/2052 | 5000000 | 5111808 |
| &nbsp;&nbsp;&nbsp; Westchester County Local Development Corp., Revenue Bonds, Refunding <br> (Purchase Senior Learning Community Obligated Group)<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 1000000 | 889361 |
|  |  |  |  | **45439238** |
| **North Carolina — 1.0%** | **North Carolina — 1.0%** | **North Carolina — 1.0%** | **North Carolina — 1.0%** | **North Carolina — 1.0%** |
| &nbsp;&nbsp;&nbsp; Charlotte Airport, Revenue Bonds, Refunding (Charlotte Douglas International) <br> Ser. B<br>| 5.00 | 7/1/2038 | 1000000 | 1032390 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, Revenue Bonds (Carolina Meadows <br> Obligated Group)<br>| 5.25 | 12/1/2049 | 2145000 | 2054331 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, Revenue Bonds (Twin Lakes <br> Community) Ser. A<br>| 5.00 | 1/1/2038 | 1000000 | 1001789 |
|  |  |  |  | **4088510** |
| **North Dakota — .3%** | **North Dakota — .3%** | **North Dakota — .3%** | **North Dakota — .3%** | **North Dakota — .3%** |
| &nbsp;&nbsp;&nbsp; University of North Dakota, COP (Insured; Assured Guaranty Municipal Corp.) Ser. <br> A<br>| 4.00 | 6/1/2046 | 1470000 | **1295792** |
| **Ohio — 3.4%** | **Ohio — 3.4%** | **Ohio — 3.4%** | **Ohio — 3.4%** | **Ohio — 3.4%** |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. <br> A2<br>| 4.00 | 6/1/2048 | 7335000 | 5930042 |
| Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth System) | 5.25 | 2/15/2047 | 1000000 | 944804 |
| Hamilton County Sewer System, Revenue Bonds, Ser. A | 5.00 | 12/1/2049 | 3350000 | 3374682 |
| University of Cincinnati, Revenue Bonds Ser. A | 5.25 | 6/1/2049 | 3000000 | 3076719 |
| Warren County, Revenue Bonds, Refunding (Otterbein Homes Obligated Group) | 5.00 | 7/1/2054 | 1000000 | 924977 |
|  |  |  |  | **14251224** |
| **Oklahoma — .2%** | **Oklahoma — .2%** | **Oklahoma — .2%** | **Oklahoma — .2%** | **Oklahoma — .2%** |
| &nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority, Revenue Bonds (OU Medicine Project) <br> Ser. B<br>| 5.50 | 8/15/2057 | 1000000 | **942231** |
| **Oregon — 1.5%** | **Oregon — 1.5%** | **Oregon — 1.5%** | **Oregon — 1.5%** | **Oregon — 1.5%** |
| Port of Portland, Revenue Bonds, Refunding, Ser. 28 | 4.00 | 7/1/2047 | 2250000 | 1905017 |

---

**8**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **Oregon — 1.5% (continued)** | **Oregon — 1.5% (continued)** | **Oregon — 1.5% (continued)** | **Oregon — 1.5% (continued)** | **Oregon — 1.5% (continued)** |
| Port of Portland, Revenue Bonds, Refunding, Ser. 29 | 5.50 | 7/1/2048 | 1150000 | 1178292 |
| Port of Portland, Revenue Bonds, Refunding (Sustainable Bond) Ser. 29 | 5.50 | 7/1/2053 | 3250000 | 3316595 |
|  |  |  |  | **6399904** |
| **Pennsylvania — 5.4%** | **Pennsylvania — 5.4%** | **Pennsylvania — 5.4%** | **Pennsylvania — 5.4%** | **Pennsylvania — 5.4%** |
| &nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development Authority, Revenue <br> Bonds (City Center Project)<sup>(b)</sup> <br>| 5.00 | 5/1/2033 | 2750000 | 2807951 |
| &nbsp;&nbsp;&nbsp; Chester County Health & Education Facilities Authority, Revenue Bonds (Main Line <br> Health System Obligated Group) Ser. A<br>| 4.00 | 9/1/2050 | 2500000 | 2047768 |
| &nbsp;&nbsp;&nbsp; Luzerne County Industrial Development Authority, Revenue Bonds, Refunding <br> (Pennsylvania-American Water Co.)<sup>(a)</sup> <br>| 2.45 | 12/3/2029 | 1750000 | 1550329 |
| &nbsp;&nbsp;&nbsp; Montgomery County Industrial Development Authority, Revenue Bonds, Refunding <br> (ACTS Retirement-Life Communities Obligated Group)<br>| 5.00 | 11/15/2036 | 3500000 | 3522238 |
| Pennsylvania Higher Education Assistance Agency, Revenue Bonds, Ser. A | 5.00 | 6/1/2029 | 1400000 | 1466415 |
| Pennsylvania Turnpike Commission, Revenue Bonds, Refunding | 5.00 | 12/1/2043 | 1500000 | 1544053 |
| Pennsylvania Turnpike Commission Oil Franchise, Revenue Bonds, Ser. B | 5.25 | 12/1/2048 | 3000000 | 3011709 |
| &nbsp;&nbsp;&nbsp; Philadelphia Authority for Industrial Development, Revenue Bonds, (Rebuild <br> Project)<br>| 5.00 | 5/1/2039 | 2650000 | 2796552 |
| Philadelphia Gas Works Co., Revenue Bonds, Refunding, Ser. A | 5.00 | 8/1/2039 | 2000000 | 2113649 |
| &nbsp;&nbsp;&nbsp; Philadelphia Water & Wastewater, Revenue Bonds, Refunding (Insured; Assured <br> Guaranty Municipal Corp.) Ser. B<br>| 4.50 | 9/1/2048 | 1000000 | 947752 |
| The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A | 5.00 | 9/1/2038 | 1000000 | 1021934 |
|  |  |  |  | **22830350** |
| **Rhode Island — .3%** | **Rhode Island — .3%** | **Rhode Island — .3%** | **Rhode Island — .3%** | **Rhode Island — .3%** |
| &nbsp;&nbsp;&nbsp; Rhode Island Health & Educational Building Corp., Revenue Bonds (Lifespan <br> Obligated Group)<br>| 5.25 | 5/15/2054 | 1250000 | **1206375** |
| **South Carolina — 1.6%** | **South Carolina — 1.6%** | **South Carolina — 1.6%** | **South Carolina — 1.6%** | **South Carolina — 1.6%** |
| Piedmont Municipal Power Agency, Revenue Bonds, Refunding, Ser. D | 4.00 | 1/1/2033 | 3000000 | 3030227 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Revenue Bonds, Refunding (Santee <br> Cooper) Ser. A<br>| 4.00 | 12/1/2055 | 2000000 | 1624278 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Revenue Bonds, Refunding (Santee <br> Cooper) Ser. B<br>| 5.25 | 12/1/2054 | 2000000 | 2012746 |
|  |  |  |  | **6667251** |
| **Tennessee — 1.4%** | **Tennessee — 1.4%** | **Tennessee — 1.4%** | **Tennessee — 1.4%** | **Tennessee — 1.4%** |
| &nbsp;&nbsp;&nbsp; Knox County Health Educational & Housing Facility Board, Revenue Bonds, <br> Refunding (East Tennessee Children's Hospital)<br>| 4.00 | 11/15/2048 | 1010000 | 825933 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County Health & Educational <br> Facilities Board, Revenue Bonds (Belmont University)<br>| 5.25 | 5/1/2048 | 1750000 | 1753984 |
| Tennergy Corp., Revenue Bonds, Ser. A<sup>(a)</sup> <br>| 4.00 | 9/1/2028 | 2000000 | 2011130 |
| The Metropolitan Nashville Airport Authority, Revenue Bonds, Ser. B | 5.50 | 7/1/2052 | 1500000 | 1530282 |
|  |  |  |  | **6121329** |
| **Texas — 10.8%** | **Texas — 10.8%** | **Texas — 10.8%** | **Texas — 10.8%** | **Texas — 10.8%** |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp., Revenue Bonds (BASIS Texas Charter <br> Schools)<sup>(b)</sup> <br>| 4.88 | 6/15/2059 | 500000 | 439503 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp., Revenue Bonds (International Leadership <br> of Texas) Ser. D<br>| 5.75 | 8/15/2033 | 3000000 | 3003581 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp., Revenue Bonds, Refunding (IDEA Public <br> Schools) (Insured; Permanent School Fund Guarantee Program)<br>| 4.00 | 8/15/2054 | 1000000 | 827351 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp., Revenue Bonds, Refunding (Insured; <br> Permanent School Fund Guarantee Program)<br>| 5.00 | 8/15/2042 | 2000000 | 2038775 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp., Revenue Bonds, Refunding (Insured; <br> Permanent School Fund Guarantee Program) Ser. A<br>| 5.25 | 2/15/2049 | 2550000 | 2599047 |
| Dallas Area Rapid Transit, Revenue Bonds, Refunding, Ser. B | 4.00 | 12/1/2051 | 1925000 | 1599124 |

---

**9**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **Texas — 10.8% (continued)** | **Texas — 10.8% (continued)** | **Texas — 10.8% (continued)** | **Texas — 10.8% (continued)** | **Texas — 10.8% (continued)** |
| Dallas Fort Worth International Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 11/1/2040 | 2500000 | 2607456 |
| &nbsp;&nbsp;&nbsp; El Paso County Hospital District, GO (El Paso County) (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 5.50 | 2/15/2050 | 1500000 | 1550185 |
| Garland Electric Utility System, Revenue Bonds, Refunding | 5.00 | 3/1/2044 | 1500000 | 1508874 |
| &nbsp;&nbsp;&nbsp; Georgetown Utility System, Revenue Bonds (Insured; Assured Guaranty Municipal <br> Corp.)<br>| 5.25 | 8/15/2052 | 3000000 | 3045071 |
| Houston Airport System, Revenue Bonds (United Airlines) Ser. B | 5.50 | 7/15/2037 | 2000000 | 2081697 |
| Houston Airport System, Revenue Bonds (United Airlines) Ser. C | 5.00 | 7/15/2028 | 1000000 | 1005188 |
| Lamar Consolidated Independent School District, GO | 4.00 | 2/15/2053 | 1225000 | 1033712 |
| Love Field Airport Modernization Corp., Revenue Bonds | 5.00 | 11/1/2034 | 3500000 | 3502922 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority, Revenue Bonds, Refunding (LCRA Transmission <br> Services Corp.) Ser. A<br>| 4.00 | 5/15/2049 | 1000000 | 816095 |
| Lubbock Electric Light & Power System, Revenue Bonds | 5.00 | 4/15/2048 | 1045000 | 1046708 |
| &nbsp;&nbsp;&nbsp; Mission Economic Development Corp., Revenue Bonds, Refunding (Natgasoline <br> Project)<sup>(b)</sup> <br>| 4.63 | 10/1/2031 | 4175000 | 4176255 |
| Plano Independent School District, GO | 5.00 | 2/15/2043 | 1000000 | 1024841 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds <br> (CHRISTUS Health Obligated Group) Ser. A<sup>(a)</sup> <br>| 5.00 | 7/1/2032 | 1500000 | 1622868 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds, <br> Refunding (Cook Children's Medical Center)<br>| 5.00 | 12/1/2043 | 1000000 | 1020699 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds, Ser. B<sup>(a)</sup> <br>| 5.50 | 1/1/2034 | 2000000 | 2173208 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Power Agency, Revenue Bonds, Refunding (Insured; Build <br> America Mutual)<br>| 5.50 | 9/1/2050 | 1700000 | 1762221 |
| University of Texas System Board of Regents, Revenue Bonds, Refunding, Ser. A | 4.13 | 8/15/2054 | 5000000 | 4280359 |
| &nbsp;&nbsp;&nbsp; Waxahachie Independent School District, GO (Insured; Permanent School Fund <br> Guarantee Program)<br>| 4.25 | 2/15/2053 | 1000000 | 887173 |
|  |  |  |  | **45652913** |
| **U.S. Related — 1.6%** | **U.S. Related — 1.6%** | **U.S. Related — 1.6%** | **U.S. Related — 1.6%** | **U.S. Related — 1.6%** |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2027 | 4500000 | 4639110 |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2029 | 2000000 | 2118144 |
|  |  |  |  | **6757254** |
| **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** |
| &nbsp;&nbsp;&nbsp; Downtown Revitalization Public Infrastructure District, Revenue Bonds (Insured; <br> Assured Guaranty Municipal Corp.) Ser. B<br>| 5.50 | 6/1/2055 | 1000000 | 1040506 |
| Mida Cormont Public Infrastructure District, GO, Ser. A1<sup>(b)</sup> <br>| 6.25 | 6/1/2055 | 1000000 | 1020495 |
| Salt Lake City Airport, Revenue Bonds, Ser. A | 5.00 | 7/1/2034 | 2000000 | 2027300 |
| Utah Telecommunication Open Infrastructure Agency, Revenue Bonds, Refunding | 5.50 | 6/1/2040 | 1200000 | 1291538 |
|  |  |  |  | **5379839** |
| **Virginia — .6%** | **Virginia — .6%** | **Virginia — .6%** | **Virginia — .6%** | **Virginia — .6%** |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority, Revenue Bonds, Refunding (I-<br> 495 HOT Lanes Project)<br>| 5.00 | 12/31/2052 | 1500000 | 1406759 |
| &nbsp;&nbsp;&nbsp; Williamsburg Economic Development Authority, Revenue Bonds (William & Mary <br> Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A<br>| 4.13 | 7/1/2058 | 1250000 | 1080852 |
|  |  |  |  | **2487611** |
| **Washington — 3.2%** | **Washington — 3.2%** | **Washington — 3.2%** | **Washington — 3.2%** | **Washington — 3.2%** |
| Kitsap County School District No. 100, GO (Insured; School Board Guaranty) Ser. C | 5.25 | 12/1/2047 | 1000000 | 1040214 |
| Port of Seattle, Revenue Bonds, Refunding (Intermediate Lien) Ser. B | 5.25 | 7/1/2042 | 2500000 | 2554593 |
| Port of Seattle, Revenue Bonds, Refunding, Ser. B | 4.00 | 8/1/2047 | 1500000 | 1240089 |
| Tacoma Electric System, Revenue Bonds, Refunding (Sustainable Bond) Ser. A | 5.00 | 1/1/2054 | 1250000 | 1254966 |
| Washington, GO, Ser. B | 5.00 | 2/1/2043 | 2710000 | 2781776 |
| Washington Convention Center Public Facilities District, Revenue Bonds | 5.00 | 7/1/2058 | 2450000 | 2305759 |

---

**10**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** | **Long-Term Municipal Investments — 100.3% (continued)** |
| **Washington — 3.2% (continued)** | **Washington — 3.2% (continued)** | **Washington — 3.2% (continued)** | **Washington — 3.2% (continued)** | **Washington — 3.2% (continued)** |
| &nbsp;&nbsp;&nbsp; Washington Convention Center Public Facilities District, Revenue Bonds <br> (Sustainable Bond) Ser. B<br>| 4.00 | 7/1/2058 | 2000000 | 1501168 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds, Refunding (Seattle <br> Academy of Arts & Sciences)<sup>(b)</sup> <br>| 6.38 | 7/1/2063 | 700000 | 741912 |
|  |  |  |  | **13420477** |
| **West Virginia — 1.3%** | **West Virginia — 1.3%** | **West Virginia — 1.3%** | **West Virginia — 1.3%** | **West Virginia — 1.3%** |
| &nbsp;&nbsp;&nbsp; West Virginia Economic Development Authority, Revenue Bonds (Commercial <br> Metals Company Project)<sup>(a)</sup> <br>| 4.63 | 5/15/2032 | 2135000 | 2082029 |
| &nbsp;&nbsp;&nbsp; West Virginia Hospital Finance Authority, Revenue Bonds (West Virginia <br> University Health System Obligated Group) Ser. A<br>| 5.50 | 6/1/2050 | 3500000 | 3595166 |
|  |  |  |  | **5677195** |
| **Wisconsin — 3.5%** | **Wisconsin — 3.5%** | **Wisconsin — 3.5%** | **Wisconsin — 3.5%** | **Wisconsin — 3.5%** |
| Public Finance Authority, Revenue Bonds | 6.50 | 6/30/2060 | 1500000 | 1578155 |
| Public Finance Authority, Revenue Bonds (Cone Health) Ser. A | 5.00 | 10/1/2052 | 1500000 | 1456748 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds (KSU Bixby Real Estate Foundation LLC <br> Project) Ser. B<br>| 5.50 | 6/15/2055 | 750000 | 734501 |
| Public Finance Authority, Revenue Bonds, Ser. 1 | 5.75 | 7/1/2062 | 2226782 | 2215358 |
| Public Finance Authority, Revenue Bonds, Refunding (Kahala Nui Project) | 5.00 | 11/15/2041 | 715000 | 722407 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Lindenwood Education <br> System) Ser. A<sup>(b)</sup> <br>| 5.50 | 6/1/2040 | 1500000 | 1513886 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Sustainable Bond) (Duke <br> Energy Progress) Ser. B<sup>(a)</sup> <br>| 4.00 | 10/1/2030 | 2855000 | 2903157 |
| Sheboygan Area School District, GO | 3.00 | 3/1/2043 | 1000000 | 780052 |
| West Allis West Milwaukee School District, GO, Ser. W | 3.00 | 4/1/2038 | 1000000 | 870022 |
| Wisconsin Hospitals & Clinics, Revenue Bonds (Sustainable Bond) Ser. A | 4.25 | 4/1/2052 | 1000000 | 865308 |
| Wisconsin Hospitals & Clinics, Revenue Bonds (Sustainable Bond) Ser. A | 5.00 | 4/1/2049 | 1000000 | 992892 |
|  |  |  |  | **14632486** |
| &nbsp;&nbsp;&nbsp; **Total Long-Term Municipal Investments** <br>(cost $444,143,104)<br>|  |  |  | **423608479** |
| **Total Investments** (cost $446,096,081) | **Total Investments** (cost $446,096,081) |  | **100.7%** | **425287998** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** |  | **(.7%)** | **(3138865)** |
| **Net Assets**  | **Net Assets**  | **Net Assets**  | **100.0%** | **422149133** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *COP—Certificate of Participation* |
| *FHLMC—Federal Home Loan Mortgage Corporation* |
| *FNMA—Federal National Mortgage Association* |
| *GNMA—Government National Mortgage Association* |
| *GO—Government Obligation* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> *These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.*

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from* *registration, normally to qualified institutional buyers. At July 31, 2025, these securities amounted to $40,892,805 or 9.7% of net assets.* 

<sup>(c)</sup> *These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities* *which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.* 

<sup>(d)</sup> *Security issued with a zero coupon. Income is recognized through the accretion of discount.*

<sup>(e)</sup> *The Variable Rate is determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by* *reference to one or more financial indices.* 

<sup>(f)</sup> *Collateral for floating rate borrowings. The coupon rate given represents the current interest rate for the inverse floating rate security.*

*See notes to statement of investments.*

**11**

------

Statement of Investments

BNY Mellon Opportunistic Municipal Securities Fund

July 31, 2025 (Unaudited)

The following is a summary of the inputs used as of July 31, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup> <br>|  |  |  |  |
| Collateralized Municipal-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1679519 | &nbsp;&nbsp; — | &nbsp;&nbsp; **1679519** |
| Municipal Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 423608479 | &nbsp;&nbsp; — | &nbsp;&nbsp; **423608479** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **425287998** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **425287998** |
| **Liabilities ($)** |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| Inverse Floater Notes<sup>††</sup> <br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (7500000) | &nbsp;&nbsp; — | &nbsp;&nbsp; **(7500000)** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(7500000)** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(7500000)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Statement of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Certain of the fund's liabilities are held at carrying amount, which approximates fair value for financial reporting purposes.* |

---

**12**

------

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed 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, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The fund's Board of Trustees (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in municipal securities are valued each business day by an independent pricing service (the "Service") approved by the Board. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Municipal investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Service is engaged under the general oversight of the Board. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

**Inverse Floater Securities:** The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust (the "Inverse Floater Trust"). The Inverse Floater Trust typically issues two variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One of these variable rate securities pays interest based on a short-term floating rate set by a remarketing agent at predetermined intervals ("Trust Certificates"). A residual interest tax-exempt

**13**

------

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the "Liquidity Provider") that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust ("Liquidation Shortfall"). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At July 31, 2025, accumulated net unrealized depreciation on investments was $20,808,083, consisting of $1,815,464 gross unrealized appreciation and $22,623,547 gross unrealized depreciation.

At July 31, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**14**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon Opportunistic Municipal Securities Fund

- **b. Investment Company Act file number:** 811-04764

- **c. CIK number of Registrant:** 0000797923

- **d. LEI of Registrant:** 54930076T2E57T3RHK59

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon Opportunistic Municipal Securities Fund

- **b. EDGAR series identifier (if any):** S000000090

- **c. LEI of Series:** 54930076T2E57T3RHK59

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $431905795.60

**Total Liabilities:** $10474323.11

**Net Assets:** $421431472.49

**Cash Not Reported:** $1948725.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 63.00104000 | **1-Year:** 4968.54484000 | **5-Year:** 36952.23904000 | **10-Year:** 314477.62382000 | **30-Year:** 36581.32221000

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

- **3-Month:** 0.00000000 | **1-Year:** 1592.86507000 | **5-Year:** 5505.32081000 | **10-Year:** 10249.60792000 | **30-Year:** 509.13448000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000133 | -0.62%               | 0.46%                | -0.79%               |
| Class ID C000001400 | -0.54%               | 0.53%                | -0.72%               |
| Class ID C000173300 | -0.61%               | 0.63%                | -0.71%               |
| Class ID C000173299 | -0.52%               | 0.55%                | -0.70%               |
| Class ID C000000131 | -0.55%               | 0.53%                | -0.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-357406.99              | $-3412496.22                               |
| Month 2  | $-783797.79              | $1933174.73                                |
| Month 3  | $-1303453.61             | $-3017980.95                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNIV HOSPS & CLINICS AUTH WI   | University of Wisconsin Hospitals & Clinics                                      | CUSIP: 915260FT5<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $865307.80    | 0.21%             | 2052-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU | Louisiana Public Facilities Authority                                            | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2490926.50   | 0.59%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                        | CUSIP: 4423487W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005187.70   | 0.24%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR | Southern California Public Power Authority                                       | CUSIP: 842469DJ4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055450.00   | 0.49%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HLTHCARE SY | Public Finance Authority                                                         | CUSIP: 74447GAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1456748.10   | 0.35%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA           | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HGQ9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994818.90    | 0.24%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP | California Municipal Finance Authority                                           | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3612942.48   | 0.86%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIEDMONT SC MUNI PWR AGY ELEC  | Piedmont Municipal Power Agency                                                  | CUSIP: 720175A24<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3030226.80   | 0.72%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV                  | County of Clark NV                                                               | CUSIP: 180848XH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5047561.50   | 1.20%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TRUNK LINE         | State of Michigan Trunk Line Revenue                                             | CUSIP: 5946953A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $933018.03    | 0.22%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT | California Housing Finance Agency                                                | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | ABS-MBS          | MUN               | US        |   1399302 | PA      | $1306428.45   | 0.31%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC | Public Finance Authority                                                         | CUSIP: 74443DLU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513886.25   | 0.36%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CEX2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1536745.05   | 0.36%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA HLTH & EDU FAC | Chester County Health and Education Facilities Authority                         | CUSIP: 16557HFM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2047767.50   | 0.49%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528133.10   | 0.36%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTHERN IL UNIV REVENUES      | Northern Illinois University                                                     | CUSIP: 665245YS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1329671.79   | 0.32%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966QVV9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $173432.32    | 0.04%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE       | District of Columbia                                                             | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024396.30   | 0.24%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE   | Tennergy Corp/TN                                                                 | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011129.60   | 0.48%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OH HLTH CARE FACS  | County of Warren OH                                                              | CUSIP: 93515PEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924977.10    | 0.22%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064712.30   | 0.25%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION& | Texas Municipal Gas Acquisition & Supply Corp IV                                 | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2173208.60   | 0.52%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DS90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041456.70   | 0.25%             | 2047-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                               | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022426.00   | 0.24%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN | Illinois Housing Development Authority                                           | CUSIP: 45201Y8H3<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1172981.97   | 0.28%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                       | CUSIP: 167505UJ3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023285.50   | 0.24%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU | Louisiana Public Facilities Authority                                            | CUSIP: 546399UM6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1362922.19   | 0.32%             | 2050-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp                                                | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $616070.69    | 0.15%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE TX INDEP SCH DIST   | Waxahachie Independent School District                                           | CUSIP: 944097ZJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $887173.00    | 0.21%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                           | CUSIP: 13048V3G1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494295.85    | 0.12%             | 2054-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                        | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081696.60   | 0.49%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FLM4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1984835.00   | 0.47%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                       | CUSIP: 167505VW3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560819.15   | 0.37%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA | Iowa Finance Authority                                                           | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129353.20   | 0.27%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PONTIAC CITY MI CITY SCH DIST  | Pontiac School District                                                          | CUSIP: 732538HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1616429.16   | 0.38%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM JEFFERSON AL CIVIC  | Birmingham-Jefferson Civic Center Authority                                      | CUSIP: 091156NG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2335204.64   | 0.55%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E | La Paz County Industrial Development Authority                                   | CUSIP: 50376FAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $888864.00    | 0.21%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447TUJ0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1388232.21   | 0.33%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH T | Detroit Downtown Development Authority                                           | CUSIP: 251135HT9<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533115.80   | 0.36%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP        | Florida Development Finance Corp                                                 | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2307727.31   | 0.55%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID-BAY BRIDGE AUTH | Mid-Bay Bridge Authority                                                         | CUSIP: 342814DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003493.60   | 0.24%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                      | CUSIP: 79739GNV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1505307.48   | 0.36%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE      | City of Chicago IL Waterworks Revenue                                            | CUSIP: 167736Z42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1826263.25   | 0.43%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH SENI | Glendale Industrial Development Authority                                        | CUSIP: 378287AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1380714.15   | 0.33%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | CUSIP: 896035BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535544.50   | 0.60%             | 2057-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION | Metropolitan Water Reclamation District of Greater Chicago                       | CUSIP: 167560XH9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030186.10   | 0.24%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REVEN | County of Hamilton OH Sewer System Revenue                                       | CUSIP: 407288G78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3374682.47   | 0.80%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp  | Empire State Development Corp (TOBs)                                             | CUSIP: 64985TEV9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10048995.00  | 2.38%             | 2053-03-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $827351.00    | 0.20%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND STADIUM AUTH BUILT TO | Maryland Stadium Authority                                                       | CUSIP: 574294CT9<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $989197.46    | 0.23%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUNI PWR AGY        | Florida Municipal Power Agency                                                   | CUSIP: 342816R80<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954873.80    | 0.23%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566912.60   | 0.37%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TN HLTH EDUCTNL & HS | Knox County Health Educational & Housing Facility Board                          | CUSIP: 499527DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $825932.75    | 0.20%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL REDEV AGY       | Miami Beach Redevelopment Agency                                                 | CUSIP: 593237FM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000379.40   | 0.24%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R | Village Community Development District No 15                                     | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1448280.90   | 0.34%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997211.20   | 0.47%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2626029.25   | 0.62%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA      | Municipal Electric Authority of Georgia                                          | CUSIP: 626207Y81<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1130088.30   | 0.27%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE | Washington State Convention Center Public Facilities District                    | CUSIP: 93976AEL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1501168.40   | 0.36%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE      | City of Charlotte NC Airport Revenue                                             | CUSIP: 161036UJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032389.60   | 0.24%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945782.10    | 0.22%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252942.50   | 0.30%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES | Board of Regents of the University of Texas System                               | CUSIP: 91514AMF9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4280359.00   | 1.02%             | 2054-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE       | Iowa Finance Authority                                                           | CUSIP: 46247SFE9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2243133.20   | 0.53%             | 2038-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TX UTILITY SYS REVE | City of Georgetown TX Utility System Revenue                                     | CUSIP: 373064Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3045071.40   | 0.72%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN | County of Broward FL Airport System Revenue                                      | CUSIP: 114894XS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1569426.14   | 0.37%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635H4C0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937459.50    | 0.22%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503031.35   | 0.36%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUBLIC INFRASTRUC | Mida Cormont Public Infrastructure District                                      | CUSIP: 59561JAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020494.90   | 0.24%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development | Arizona Industrial Development Authority                                         | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    830540 | PA      | $799477.15    | 0.19%             | 2033-05-20      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH T | Detroit Downtown Development Authority                                           | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2866427.81   | 0.68%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986659.20    | 0.23%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MODERNIZATI | Love Field Airport Modernization Corp                                            | CUSIP: 54714CAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3502921.80   | 0.83%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KITSAP CNTY WA SCH DIST #100-C | Kitsap County School District No 100-C Bremerton                                 | CUSIP: 498044JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040214.30   | 0.25%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV  | Westchester County Local Development Corp                                        | CUSIP: 95737TET9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889361.30    | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST      | El Paso County Hospital District                                                 | CUSIP: 283590JX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550184.90   | 0.37%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU | Public Finance Authority                                                         | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578155.25   | 0.37%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                         | CUSIP: 04052BAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2385608.00   | 0.57%             | 2050-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592029CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1753984.05   | 0.42%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921980.60    | 0.22%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45203H5F5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    665000 | PA      | $644511.75    | 0.15%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY DEV CORP NY REVENUE    | New York Liberty Development Corp                                                | CUSIP: 531127AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119291.50   | 0.27%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMSBURG VA ECON DEV AUTH  | Williamsburg Economic Development Authority                                      | CUSIP: 969671AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1080851.63   | 0.26%             | 2058-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                               | CUSIP: 735389W20<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1240089.15   | 0.29%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAREGNONDI WTR AUTH MI         | Karegnondi Water Authority                                                       | CUSIP: 48563UBZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008791.10   | 0.24%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                           | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967862.30    | 0.23%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                         | CUSIP: 74442PK46<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    715000 | PA      | $722406.83    | 0.17%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3003580.80   | 0.71%             | 2033-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452153GN3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1651362.48   | 0.39%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2599650.05   | 0.62%             | 2054-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDLD | Philadelphia Authority for Industrial Development                                | CUSIP: 71783DDC6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2796552.16   | 0.66%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2761042.38   | 0.66%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2171013.25   | 0.52%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A | South Carolina Public Service Authority                                          | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012746.00   | 0.48%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PEFA INC IA GAS PROJ REVENUE   | PEFA Inc                                                                         | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021114.20   | 0.48%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S | Mobile County Industrial Development Authority                                   | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874546.10    | 0.21%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIV OF ALABAMA AT BIRMINGHAM  | University of Alabama at Birmingham                                              | CUSIP: 914745EH3<br>LEI: 5493002DHWB7OKWT0415 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005451.00   | 0.48%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN | Port of Portland OR Airport Revenue                                              | CUSIP: 7352403K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3316595.43   | 0.79%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S | Dallas Area Rapid Transit                                                        | CUSIP: 235241WS1<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1599124.26   | 0.38%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POOLED CHRT | Public Finance Authority                                                         | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2226781 | PA      | $2215357.79   | 0.53%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO | Arizona Industrial Development Authority                                         | CUSIP: 04052FCN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3065000 | PA      | $2817193.52   | 0.67%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2599046.96   | 0.62%             | 2049-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH  | Parish of St John the Baptist LA                                                 | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991904.10    | 0.24%             | 2037-06-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE  | County of Cuyahoga OH                                                            | CUSIP: 2322655S3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944803.50    | 0.22%             | 2047-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JGR1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2605816.25   | 0.62%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH | Maricopa County Industrial Development Authority                                 | CUSIP: 56682HCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1188421.44   | 0.28%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R | City of Philadelphia PA Water & Wastewater Revenue                               | CUSIP: 7178932X8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947752.20    | 0.22%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65820YQH2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001789.40   | 0.24%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                      | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |    936349 | PA      | $880041.64    | 0.21%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PLANO TX INDEP SCH DIST        | Plano Independent School District                                                | CUSIP: 727199D24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024840.70   | 0.24%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH              | Finance Authority of Maine                                                       | CUSIP: 56042BCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1799445.73   | 0.43%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                      | CUSIP: 79739GTE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032874.70   | 0.25%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FGS7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $2853826.71   | 0.68%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                      | CUSIP: 93978LGR1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    700000 | PA      | $741911.59    | 0.18%             | 2063-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UTAH ST TELECOMMUNICATION OPEN | Utah Telecommunication Open Infrastructure Agency                                | CUSIP: 91756SAQ6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1291537.44   | 0.31%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E | La Paz County Industrial Development Authority                                   | CUSIP: 50376FAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1806190.20   | 0.43%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY | Iowa Student Loan Liquidity Corp                                                 | CUSIP: 462590NJ5<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579097.85   | 0.37%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1285317.59   | 0.30%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV | City of Woodbury MN                                                              | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $883333.20    | 0.21%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                               | CUSIP: 167486X79<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529418.45   | 0.36%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DHW5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $798346.90    | 0.19%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU | New Jersey Turnpike Authority                                                    | CUSIP: 646140FY4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    700000 | PA      | $601247.50    | 0.14%             | 2054-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST #5 CO         | Canyons Metropolitan District No 5                                               | CUSIP: 139071BA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $618532.02    | 0.15%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH | West Virginia Economic Development Authority                                     | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2082029.37   | 0.49%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH  | Orange County Health Facilities Authority                                        | CUSIP: 68450LHL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1946614.40   | 0.46%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST LOCAL GOVT FIN COMM | Florida Local Government Finance Commission                                      | CUSIP: 34077EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2295960.05   | 0.54%             | 2040-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ERNEST N MORIAL-NEW ORLEANS LA | Ernest N Morial New Orleans Exhibition Hall Authority                            | CUSIP: 295852KY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053610.00   | 0.49%             | 2054-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM | Arkansas Development Finance Authority                                           | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4818760.80   | 1.14%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010565.90   | 0.24%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LUBBOCK TX ELEC LIGHT & PWR SY | City of Lubbock TX Electric Light & Power System Revenue                         | CUSIP: 549203WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1046708.47   | 0.25%             | 2048-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGL CO TRANSPRTN DIST PRIV AC | Regional Transportation District                                                 | CUSIP: 759151BJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1014657.29   | 0.24%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A | South Carolina Public Service Authority                                          | CUSIP: 837151A25<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1624278.60   | 0.39%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHEBOYGAN WI AREA SCH DIST     | Sheboygan Area School District                                                   | CUSIP: 821023PT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780052.20    | 0.19%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                               | CUSIP: 7353892P2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2554592.50   | 0.61%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TACOMA WA ELEC SYS REVENUE     | City of Tacoma WA Electric System Revenue                                        | CUSIP: 873519QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254965.50   | 0.30%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45204FAD7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3143747.28   | 0.75%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE   | New Hampshire Business Finance Authority                                         | CUSIP: 63607YCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012703.60   | 0.24%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087249.40   | 0.50%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION | City of Chicago IL Wastewater Transmission Revenue                               | CUSIP: 167727J80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523146.05   | 0.36%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Y81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3595165.70   | 0.85%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3522238.30   | 0.84%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                               | CUSIP: 167486T25<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1410673.80   | 0.33%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2806499.30   | 0.67%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAMAR TX CONSOL INDEP SCH DIST | Lamar Consolidated Independent School District                                   | CUSIP: 513174H96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1033712.09   | 0.25%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL STORMWTR REVENU | City of Miami Beach FL Stormwater Revenue                                        | CUSIP: 59324PEC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2519961.25   | 0.60%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T | Lower Colorado River Authority                                                   | CUSIP: 54811BUA7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $816095.40    | 0.19%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH DO | New Jersey Economic Development Authority                                        | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1620971.86   | 0.38%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145WJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038775.00   | 0.48%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CA CORRIDOR TRANSPRTN  | Alameda Corridor Transportation Authority                                        | CUSIP: 010869JS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504476.75   | 0.59%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO NV SALES TAX REVENUE      | City of Reno NV                                                                  | CUSIP: 759861DS3<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    920000 | PA      | $919618.02    | 0.22%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH ACT 38 FA | Michigan Finance Authority                                                       | CUSIP: 59447NBD7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874448.10    | 0.21%             | 2054-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL PARK DIST           | Chicago Park District                                                            | CUSIP: 1676153X9<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1193177.10   | 0.28%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION  | Hillsborough County Aviation Authority                                           | CUSIP: 432308N67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053385.80   | 0.25%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447T3V3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1316480.12   | 0.31%             | 2042-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57584Y4U0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $846795.40    | 0.20%             | 2052-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNIV OF NORTH DAKOTA COPS      | University of North Dakota                                                       | CUSIP: 914724CQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1295791.92   | 0.31%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH          | Georgia Ports Authority                                                          | CUSIP: 373586HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1066365.25   | 0.25%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                             | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512543.30   | 0.36%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WEST ALLIS WEST MILWAUKEE WI S | West Allis West Milwaukee School District                                        | CUSIP: 951164KC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870022.20    | 0.21%             | 2038-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE  | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227VR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001651.80   | 0.47%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU | Philadelphia Gas Works Co                                                        | CUSIP: 71783MCY9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2113649.40   | 0.50%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D | Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2074357.25   | 0.49%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1947361.99   | 0.46%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC | California County Tobacco Securitization Agency                                  | CUSIP: 13016NEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $364709.00    | 0.09%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH LEASE REVENU | New Hampshire Business Finance Authority                                         | CUSIP: 63610FBK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921507.70    | 0.22%             | 2043-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4639109.40   | 1.10%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FVJ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1678903.00   | 0.40%             | 2052-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH IN WSTWTR UTI | Indiana Finance Authority                                                        | CUSIP: 45505MJS6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1986002.77   | 0.47%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH RETM | Delaware State Economic Development Authority                                    | CUSIP: 246371AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960948.90    | 0.23%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BRD SP | New Orleans Aviation Board                                                       | CUSIP: 64763KAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1090763.52   | 0.26%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1035433.76   | 0.25%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT | Washington Metropolitan Area Transit Authority Dedicated Revenue                 | CUSIP: 93878YCS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $884389.70    | 0.21%             | 2047-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL HLTH CARE FACS | City of Jacksonville FL                                                          | CUSIP: 469400EL5<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1271318.55   | 0.30%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST       | School District of Philadelphia/The                                              | CUSIP: 717883VF6<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021933.60   | 0.24%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3671212.30   | 0.87%             | 2055-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIV HOSPS & CLINICS AUTH WI   | University of Wisconsin Hospitals & Clinics                                      | CUSIP: 915260FS7<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992891.60    | 0.24%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QTF6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020698.70   | 0.24%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $370666.14    | 0.09%             | 2060-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | CUSIP: 896035DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5107821.00   | 1.21%             | 2059-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST         | Clark County School District                                                     | CUSIP: 1810592Q8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561930.50   | 0.37%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP   | New York Energy Finance Development Corp                                         | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043060.30   | 0.25%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                 | CUSIP: 13032U4R6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098284.20   | 0.26%             | 2050-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT  | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7335000 | PA      | $5930041.63   | 1.41%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57584XL66<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1784619.38   | 0.42%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                                 | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4826649.15   | 1.15%             | 2054-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| LUZERNE CNTY PA INDL DEV AUTH  | Luzerne County Industrial Development Authority                                  | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1550328.68   | 0.37%             | 2039-12-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP PRIV | Maryland Economic Development Corp                                               | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2335500.48   | 0.55%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57585BHQ4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011580.70   | 0.24%             | 2051-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI | Dallas Fort Worth International Airport                                          | CUSIP: 23503CBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2607456.00   | 0.62%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC | Pennsylvania Higher Education Assistance Agency                                  | CUSIP: 70878CAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1466415.44   | 0.35%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $439503.10    | 0.10%             | 2059-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006552.30   | 0.24%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65820YTF3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2054331.28   | 0.49%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $908479.20    | 0.22%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GARLAND TX ELEC UTILITY SYS RE | City of Garland TX Electric Utility System Revenue                               | CUSIP: 366133NA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508873.70   | 0.36%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CINCINNATI OH RECPTS   | University of Cincinnati                                                         | CUSIP: 9141197P1<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3076719.30   | 0.73%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT | Allentown Neighborhood Improvement Zone Development Authority                    | CUSIP: 018444BB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2807950.48   | 0.67%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE | District of Columbia Income Tax Revenue                                          | CUSIP: 25477GUV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3121446.60   | 0.74%             | 2047-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                           | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $766781.44    | 0.18%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638THC0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1622867.85   | 0.39%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                       | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022337.90   | 0.24%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS | Oklahoma Development Finance Authority                                           | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942230.90    | 0.22%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH  | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998697.20    | 0.24%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57585BHM3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2254542.53   | 0.53%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L | New York Liberty Development Corp                                                | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1917369.20   | 0.45%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BRD GU | New Orleans Aviation Board                                                       | CUSIP: 64763XAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1159358.35   | 0.28%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE     | California State University                                                      | CUSIP: 13077C4K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964627.50    | 0.23%             | 2049-11-01      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526123.85   | 0.36%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1251710.15   | 0.30%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB | Iowa Tobacco Settlement Authority                                                | CUSIP: 888805CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1650329.20   | 0.39%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP REVEN | Mission Economic Development Corp                                                | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4176255.42   | 0.99%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HDR5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5111807.50   | 1.21%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN | Virginia Small Business Financing Authority                                      | CUSIP: 928104QK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1406759.10   | 0.33%             | 2052-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG | Public Finance Authority                                                         | CUSIP: 74439YFZ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $734501.10    | 0.17%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power                                          | CUSIP: 544532NS9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2419649.66   | 0.57%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC | Downtown Revitalization Public Infrastructure District                           | CUSIP: 26118TBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040506.40   | 0.25%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576FT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027300.00   | 0.48%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN | Port of Portland OR Airport Revenue                                              | CUSIP: 7352402R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1905016.73   | 0.45%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI PWR AGY REVENUE  | Texas Municipal Power Agency                                                     | CUSIP: 882555C86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1762221.02   | 0.42%             | 2050-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H | Massachusetts Housing Finance Agency                                             | CUSIP: 57586P7M2<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1330726.80   | 0.32%             | 2056-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225MT0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544053.05   | 0.37%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1206374.50   | 0.29%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A | Palm Beach County Health Facilities Authority                                    | CUSIP: 69651ABM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3305000 | PA      | $2693086.19   | 0.64%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182QX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3071961.00   | 0.73%             | 2053-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974EZC3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2781775.98   | 0.66%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | CUSIP: 709221VL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011709.30   | 0.71%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SELMA AL INDL DEV BRD REVENUE  | Selma Industrial Development Board                                               | CUSIP: 81647PAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497269.10   | 0.36%             | 2034-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST AGRIC & ECON DEVB | Minnesota Agricultural & Economic Development Board                              | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999540.80   | 0.47%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190QZ8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530282.30   | 0.36%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GH80<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1110317.83   | 0.26%             | 2054-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE | Washington State Convention Center Public Facilities District                    | CUSIP: 93976ABJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2305759.44   | 0.55%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO | Arizona Industrial Development Authority                                         | CUSIP: 04052FEL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1966361.20   | 0.47%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1525383.15   | 0.36%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POLL CONTRO | Public Finance Authority                                                         | CUSIP: 74447HAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2903157.28   | 0.69%             | 2046-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD | Michigan Strategic Fund                                                          | CUSIP: 594698QP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3983781.36   | 0.95%             | 2033-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission                             | CUSIP: 603827N44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2075847.50   | 0.49%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN | Port of Portland OR Airport Revenue                                              | CUSIP: 7352403J0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1178292.19   | 0.28%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118144.20   | 0.50%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA           | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HJZ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2035417.30   | 0.48%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH LEASE REVENU | New Hampshire Business Finance Authority                                         | CUSIP: 63610FBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $488578.29    | 0.12%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE  | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4318820.68   | 1.02%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** BNY Mellon Opportunistic Municipal Securities Fund

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer