# EDGAR Filing Document

**Accession Number:** 0000894242
**File Stem:** 0001752724-25-157927
**Filing Date:** 2025-6
**Character Count:** 180315
**Document Hash:** 26e4183ee602cc899c5abe5b383b687f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157927.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157927

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC.
- **CENTRAL INDEX KEY:** 0000894242

**ORGANIZATION NAME:**
- **EIN:** 133690436
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07354
- **FILM NUMBER:** 251076998

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **STREET 2:** MUTUAL FUND DEPARTMENT
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 888-825-2257

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **STREET 2:** MUTUAL FUND DEPARTMENT
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.
- **DATE OF NAME CHANGE:** 20220525

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC.
- **DATE OF NAME CHANGE:** 20180130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.
- **DATE OF NAME CHANGE:** 20121009

## Nport-Ex

April 30, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)**<br>

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 3.9%** | **Alabama — 3.9%** |  |
| Black Belt Energy Gas District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54 | $760 | &nbsp;&nbsp; $799179 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/55 | 405 | &nbsp;&nbsp; 429601 |
| &nbsp;&nbsp;&nbsp; Series F, 5.50%, 11/01/53 | 735 | &nbsp;&nbsp; 768844 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, Refunding <br> RB, 5.25%, 10/01/49<br>| 1505 | &nbsp;&nbsp; 1513128 |
| &nbsp;&nbsp;&nbsp; Lower Alabama Gas District, RB, Series A, 5.00%, <br> 09/01/46<br>| 1265 | &nbsp;&nbsp; 1288082 |
| &nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Refunding RB, <br> Series B, 5.00%, 06/01/49<sup>(a)</sup><br>| 900 | &nbsp;&nbsp; 935025 |
| Southeast Energy Authority A Cooperative District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/56 | 1560 | &nbsp;&nbsp; 1598087 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.50%, 01/01/53 | 670 | &nbsp;&nbsp; 709991 |
|  |  | &nbsp;&nbsp; 8041937 |
| **Arizona — 3.6%** | **Arizona — 3.6%** |  |
| Arizona Industrial Development Authority, Refunding RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/52 | 215 | &nbsp;&nbsp; 197952 |
| &nbsp;&nbsp;&nbsp; Series G, 5.00%, 07/01/47 | 430 | &nbsp;&nbsp; 405200 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., ARB, Series B, <br> AMT, Junior Lien, 5.00%, 07/01/44<br>| 910 | &nbsp;&nbsp; 915076 |
| Salt Verde Financial Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/32 | 1035 | &nbsp;&nbsp; 1085278 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/37 | 4585 | &nbsp;&nbsp; 4764157 |
|  |  | &nbsp;&nbsp; 7367663 |
| **Arkansas — 1.1%** | **Arkansas — 1.1%** |  |
| Arkansas Development Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 4.50%, 09/01/49<sup>(b)</sup> | 1450 | &nbsp;&nbsp; 1277801 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 5.70%, 05/01/53 | 380 | &nbsp;&nbsp; 382348 |
| &nbsp;&nbsp;&nbsp; City of Benton Arkansas Sales & Use Tax, RB, (AGM), <br> 4.00%, 06/01/39<br>| 755 | &nbsp;&nbsp; 712907 |
|  |  | &nbsp;&nbsp; 2373056 |
| **California — 10.9%** | **California — 10.9%** |  |
| &nbsp;&nbsp;&nbsp; California Enterprise Development Authority, RB, 8.00%, <br> 11/15/62<sup>(b)</sup><br>| 335 | &nbsp;&nbsp; 326343 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, Series A, Class B, AMT, Sustainability <br> Bonds, 9.50%, 01/01/65<sup>(a)(b)</sup><br>| 1020 | &nbsp;&nbsp; 981029 |
| &nbsp;&nbsp;&nbsp; Hartnell Community College District, GO, Series D, <br> 7.00%, 08/01/34<sup>(c)</sup><br>| 2475 | &nbsp;&nbsp; 2655649 |
| &nbsp;&nbsp;&nbsp; Norwalk-La Mirada Unified School District, Refunding GO, <br> Series E, Election 2002, (AGC), 0.00%, 08/01/38<sup>(d)</sup><br>| 12000 | &nbsp;&nbsp; 6750347 |
| Palomar Community College District, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, Convertible, 6.20%, 08/01/39<sup>(c)</sup> | 4000 | &nbsp;&nbsp; 4681801 |
| &nbsp;&nbsp;&nbsp; Series B, Election 2006, 0.00%, 08/01/30<sup>(d)</sup> | 2270 | &nbsp;&nbsp; 1889374 |
| &nbsp;&nbsp;&nbsp; San Diego Community College District, GO, Election <br> 2002, 6.00%, 08/01/27<sup>(c)(e)</sup><br>| 4200 | &nbsp;&nbsp; 4471694 |
| &nbsp;&nbsp;&nbsp; San Diego County Regional Airport Authority, ARB, <br> Series B, AMT, Subordinate, 5.00%, 07/01/56<br>| 685 | &nbsp;&nbsp; 673160 |
|  |  | &nbsp;&nbsp; 22429397 |
| **Colorado — 0.8%** | **Colorado — 0.8%** |  |
| Colorado Health Facilities Authority, RB, 5.50%, 11/01/47 | 1550 | &nbsp;&nbsp; 1610972 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Connecticut — 0.1%** | **Connecticut — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities <br> Authority, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/48 | $130 | &nbsp;&nbsp; $134648 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/15/53 | 175 | &nbsp;&nbsp; 156272 |
|  |  | &nbsp;&nbsp; 290920 |
| **District of Columbia — 0.9%** | **District of Columbia — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Revenue, RB, Series A, <br> 5.25%, 05/01/48<br>| 380 | &nbsp;&nbsp; 400489 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Refunding GO, Series A, 5.25%, <br> 01/01/48<br>| 730 | &nbsp;&nbsp; 765841 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 10/01/49 | 380 | &nbsp;&nbsp; 386263 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.50%, 10/01/54 | 395 | &nbsp;&nbsp; 406986 |
|  |  | &nbsp;&nbsp; 1959579 |
| **Florida — 15.2%** | **Florida — 15.2%** |  |
| &nbsp;&nbsp;&nbsp; Brevard County Health Facilities Authority, Refunding RB, <br> Series A, 5.00%, 04/01/47<br>| 2725 | &nbsp;&nbsp; 2761817 |
| &nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc., RB, Series A, 5.00%, <br> 06/15/49<sup>(b)</sup><br>| 100 | &nbsp;&nbsp; 86599 |
| &nbsp;&nbsp;&nbsp; City of Gainesville Florida Utilities System Revenue, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/29<sup>(e)</sup> | 5 | &nbsp;&nbsp; 5391 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/47 | 1300 | &nbsp;&nbsp; 1310620 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue, <br> Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 10/01/44 | 475 | &nbsp;&nbsp; 477464 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.50%, 10/01/55 | 470 | &nbsp;&nbsp; 486629 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Water & Sewer System <br> Revenue, RB, 4.00%, 10/01/48<br>| 1350 | &nbsp;&nbsp; 1203917 |
| County of Miami-Dade Florida, RB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 10/01/32 | 5000 | &nbsp;&nbsp; 3765051 |
| &nbsp;&nbsp;&nbsp; 0.00%, 10/01/33 | 15375 | &nbsp;&nbsp; 11037619 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Seaport Department, Refunding <br> RB, Series A, AMT, 5.00%, 10/01/41<br>| 325 | &nbsp;&nbsp; 332335 |
| &nbsp;&nbsp;&nbsp; County of Osceola Florida Transportation Revenue, <br> Refunding RB, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/46 | 420 | &nbsp;&nbsp; 140439 |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/47 | 680 | &nbsp;&nbsp; 201562 |
| County of Pasco Florida, RB, (AGM), 5.75%, 09/01/54 | 165 | &nbsp;&nbsp; 175176 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., RB, 6.50%, <br> 06/30/57<sup>(b)(f)(g)</sup><br>| 171 | &nbsp;&nbsp; 45288 |
| Florida Development Finance Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.00%, 07/01/44 | 2090 | &nbsp;&nbsp; 2061437 |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.25%, 07/01/47 | 500 | &nbsp;&nbsp; 502055 |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation Authority, ARB, Sub-Series A, <br> AMT, 5.00%, 10/01/47<br>| 1130 | &nbsp;&nbsp; 1127485 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Aviation Authority, ARB, Class A, <br> AMT, 5.00%, 10/01/48<br>| 1840 | &nbsp;&nbsp; 1815146 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Industrial Development Authority, <br> Refunding RB, Series C, 4.13%, 11/15/51<br>| 460 | &nbsp;&nbsp; 416345 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, 6.30%, <br> 05/01/54<br>| 190 | &nbsp;&nbsp; 196763 |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB, Series A, <br> 5.00%, 10/01/53<br>| 1590 | &nbsp;&nbsp; 1616256 |
| Orange County Health Facilities Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.50%, 10/01/56 | 1050 | &nbsp;&nbsp; 997294 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, Refunding <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 10/01/56 | 380 | &nbsp;&nbsp; $388715 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SAB, <br> 5.25%, 05/01/54<sup>(b)</sup><br>| 195 | &nbsp;&nbsp; 195232 |
|  |  | &nbsp;&nbsp; 31346635 |
| **Georgia — 1.5%** | **Georgia — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; City of Atlanta Georgia Department of Aviation, Refunding <br> ARB, Series B, AMT, 5.00%, 07/01/52<br>| 480 | &nbsp;&nbsp; 480572 |
| &nbsp;&nbsp;&nbsp; East Point Business & Industrial Development Authority, <br> RB, Series A, 5.25%, 06/15/62<sup>(b)</sup><br>| 175 | &nbsp;&nbsp; 118125 |
| &nbsp;&nbsp;&nbsp; Gainesville & Hall County Hospital Authority, RB, Series A, <br> 4.00%, 02/15/51<br>| 780 | &nbsp;&nbsp; 660849 |
| Main Street Natural Gas, Inc., RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/49 | 205 | &nbsp;&nbsp; 206181 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/53<sup>(a)</sup> | 565 | &nbsp;&nbsp; 583483 |
| Municipal Electric Authority of Georgia, RB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.50%, 07/01/63 | 310 | &nbsp;&nbsp; 315665 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/59 | 770 | &nbsp;&nbsp; 767080 |
|  |  | &nbsp;&nbsp; 3131955 |
| **Hawaii — 1.7%** | **Hawaii — 1.7%** |  |
| State of Hawaii Airports System Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/49 | 1295 | &nbsp;&nbsp; 1329718 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/43 | 785 | &nbsp;&nbsp; 789481 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 07/01/51 | 710 | &nbsp;&nbsp; 722945 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.50%, 07/01/54 | 550 | &nbsp;&nbsp; 570694 |
|  |  | &nbsp;&nbsp; 3412838 |
| **Idaho — 0.1%** | **Idaho — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association, RB, S/F Housing, <br> Series A, (FHLMC, FNMA, GNMA), 4.60%, 01/01/49<br>| 265 | &nbsp;&nbsp; 256544 |
| **Illinois — 6.2%** | **Illinois — 6.2%** |  |
| Chicago Board of Education, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 12/01/35 | 1235 | &nbsp;&nbsp; 1235114 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 12/01/46 | 1635 | &nbsp;&nbsp; 1547067 |
| &nbsp;&nbsp;&nbsp; Series H, 5.00%, 12/01/36 | 375 | &nbsp;&nbsp; 353970 |
| Chicago Board of Education, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 12/01/34 | 370 | &nbsp;&nbsp; 370094 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 12/01/26 | 675 | &nbsp;&nbsp; 680441 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport, ARB, Senior Lien, <br> 4.50%, 01/01/56<br>| 2125 | &nbsp;&nbsp; 2004513 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport, Refunding ARB, <br> Series A, AMT, Senior Lien, 5.25%, 01/01/48<br>| 525 | &nbsp;&nbsp; 538725 |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, <br> Refunding RB, Series A, 2nd Lien, 5.00%, 12/01/57<br>| 620 | &nbsp;&nbsp; 621694 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Wastewater Transmission <br> Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%, <br> 01/01/53<br>| 695 | &nbsp;&nbsp; 719890 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Refunding RB, Series A, 5.00%, <br> 11/15/45<br>| 945 | &nbsp;&nbsp; 911024 |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority, RB, Series A, 4.00%, <br> 01/01/46<br>| 820 | &nbsp;&nbsp; 743685 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, RB, 5.00%, <br> 06/15/57<br>| 590 | &nbsp;&nbsp; 559959 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Illinois (continued)** | **Illinois (continued)** |  |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/39 | 1610 | &nbsp;&nbsp; $1693877 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 12/01/47 | 740 | &nbsp;&nbsp; 731184 |
|  |  | &nbsp;&nbsp; 12711237 |
| **Indiana — 1.0%** | **Indiana — 1.0%** |  |
| Indiana Finance Authority, RB, Series A, 5.00%, 10/01/53 | 680 | &nbsp;&nbsp; 693303 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, RB, <br> Series F1, Subordinate, (BAM), 5.00%, 03/01/53<br>| 1255 | &nbsp;&nbsp; 1277131 |
|  |  | &nbsp;&nbsp; 1970434 |
| **Kansas — 0.3%** | **Kansas — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Wyandotte County Unified School District No. 500 Kansas <br> City, GO, (BAM), 5.00%, 09/01/50<br>| 670 | &nbsp;&nbsp; 682795 |
| **Kentucky — 1.4%** | **Kentucky — 1.4%** |  |
| &nbsp;&nbsp;&nbsp; City of Henderson Kentucky, RB, Series A, AMT, 4.70%, <br> 01/01/52<sup>(b)</sup><br>| 135 | &nbsp;&nbsp; 122472 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Transportation Infrastructure Authority, <br> RB, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Convertible, 6.45%, 07/01/34 | 1000 | &nbsp;&nbsp; 1143021 |
| &nbsp;&nbsp;&nbsp; Convertible, 6.60%, 07/01/39 | 1395 | &nbsp;&nbsp; 1592850 |
|  |  | &nbsp;&nbsp; 2858343 |
| **Louisiana — 1.7%** | **Louisiana — 1.7%** |  |
| Louisiana Public Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/53 | 1340 | &nbsp;&nbsp; 1332562 |
| &nbsp;&nbsp;&nbsp; AMT, 5.50%, 09/01/59 | 1030 | &nbsp;&nbsp; 1052533 |
| &nbsp;&nbsp;&nbsp; Louisiana Stadium & Exposition District, Refunding RB, <br> Series A, 5.25%, 07/01/53<br>| 1115 | &nbsp;&nbsp; 1142890 |
|  |  | &nbsp;&nbsp; 3527985 |
| **Maryland — 0.3%** | **Maryland — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Maryland Economic Development Corp., RB, Class B, <br> AMT, Sustainability Bonds, 5.25%, 06/30/55<br>| 705 | &nbsp;&nbsp; 695187 |
| **Massachusetts — 1.2%** | **Massachusetts — 1.2%** |  |
| Massachusetts Development Finance Agency, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/42 | 900 | &nbsp;&nbsp; 902256 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/47 | 1010 | &nbsp;&nbsp; 959072 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Refunding <br> RB, 5.00%, 04/15/40<br>| 600 | &nbsp;&nbsp; 575595 |
|  |  | &nbsp;&nbsp; 2436923 |
| **Michigan — 2.7%** | **Michigan — 2.7%** |  |
| Michigan Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/50 | 1040 | &nbsp;&nbsp; 916998 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/50 | 295 | &nbsp;&nbsp; 247230 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.50%, 02/28/57 | 115 | &nbsp;&nbsp; 120500 |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series D, Sustainability Bonds, 5.10%, 12/01/37 | 1560 | &nbsp;&nbsp; 1637185 |
| &nbsp;&nbsp;&nbsp; Series D, Sustainability Bonds, 4.45%, 12/01/49 | 340 | &nbsp;&nbsp; 317266 |
| Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43 | 1705 | &nbsp;&nbsp; 1704998 |
| &nbsp;&nbsp;&nbsp; State of Michigan Trunk Line Revenue, RB, 5.00%, <br> 11/15/46<br>| 655 | &nbsp;&nbsp; 681296 |
|  |  | &nbsp;&nbsp; 5625473 |
| **Minnesota — 1.9%** | **Minnesota — 1.9%** |  |
| &nbsp;&nbsp;&nbsp; City of Spring Lake Park New Mexico, RB, 5.00%, <br> 06/15/39<br>| 1760 | &nbsp;&nbsp; 1661152 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Minnesota (continued)** | **Minnesota (continued)** |  |
| &nbsp;&nbsp;&nbsp; Housing & Redevelopment Authority of The City of St. <br> Paul Minnesota, RB, Series A, 5.50%, 07/01/52<sup>(b)</sup><br>| 305 | &nbsp;&nbsp; $280947 |
| &nbsp;&nbsp;&nbsp; Minneapolis-St. Paul Metropolitan Airports Commission, <br> ARB, AMT, 5.25%, 01/01/49<br>| 1055 | &nbsp;&nbsp; 1075249 |
| &nbsp;&nbsp;&nbsp; Minnesota Agricultural & Economic Development Board, <br> RB, 5.25%, 01/01/54<br>| 520 | &nbsp;&nbsp; 533985 |
| &nbsp;&nbsp;&nbsp; Minnesota Higher Education Facilities Authority, RB, <br> Series A, Sustainability Bonds, 5.00%, 10/01/47<br>| 390 | &nbsp;&nbsp; 394859 |
|  |  | &nbsp;&nbsp; 3946192 |
| **Missouri — 0.3%** | **Missouri — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Kansas City Industrial Development Authority, ARB, <br> Series B, AMT, 5.00%, 03/01/39<br>| 575 | &nbsp;&nbsp; 578738 |
| **Nebraska — 1.4%** | **Nebraska — 1.4%** |  |
| Omaha Public Power District, RB, Series C, 02/01/54<sup>(h)</sup> | 2775 | &nbsp;&nbsp; 2865609 |
| **Nevada — 0.1%** | **Nevada — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; State of Nevada Department of Business & Industry, RB, <br> Series A, 5.00%, 07/15/37<br>| 125 | &nbsp;&nbsp; 123283 |
| **New Hampshire — 0.5%** | **New Hampshire — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, <br> Series 2025-1, Class A1, 4.17%, 01/20/41<sup>(a)</sup><br>| 320 | &nbsp;&nbsp; 303614 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, RB, M/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Class B, 5.75%, 04/28/42 | 410 | &nbsp;&nbsp; 413202 |
| &nbsp;&nbsp;&nbsp; Series 2, Sustainability Bonds, 4.25%, 07/20/41 | 306 | &nbsp;&nbsp; 291633 |
|  |  | &nbsp;&nbsp; 1008449 |
| **New Jersey — 4.2%** | **New Jersey — 4.2%** |  |
| &nbsp;&nbsp;&nbsp; Camden County Improvement Authority, RB, Sustainability <br> Bonds, 6.00%, 06/15/62<br>| 165 | &nbsp;&nbsp; 169425 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, ARB, <br> Series B, AMT, 5.63%, 11/15/30<br>| 990 | &nbsp;&nbsp; 990378 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, RB, AMT, <br> (AGM), 5.13%, 07/01/42<br>| 300 | &nbsp;&nbsp; 300018 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance <br> Authority, Refunding RB, Series B, AMT, 4.00%, <br> 12/01/41<br>| 600 | &nbsp;&nbsp; 580215 |
| &nbsp;&nbsp;&nbsp; New Jersey Housing & Mortgage Finance Agency, RB, <br> S/F Housing, Series K, Sustainability Bonds, 4.55%, <br> 10/01/44<br>| 260 | &nbsp;&nbsp; 252538 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/45 | 1990 | &nbsp;&nbsp; 1982802 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/46 | 600 | &nbsp;&nbsp; 589541 |
| &nbsp;&nbsp;&nbsp; Series BB, 4.00%, 06/15/50 | 1200 | &nbsp;&nbsp; 1070523 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, CAB, <br> Series A, 0.00%, 12/15/35<sup>(d)</sup><br>| 1600 | &nbsp;&nbsp; 1034270 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, <br> Refunding RB, Series A, 5.25%, 06/15/42<br>| 190 | &nbsp;&nbsp; 200275 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series A, 5.25%, 06/01/46<br>| 1400 | &nbsp;&nbsp; 1406087 |
|  |  | &nbsp;&nbsp; 8576072 |
| **New York — 12.1%** | **New York — 12.1%** |  |
| City of New York, GO, Series - G-1, 5.25%, 02/01/53 | 175 | &nbsp;&nbsp; 184519 |
| &nbsp;&nbsp;&nbsp; Erie Tobacco Asset Securitization Corp., Refunding RB, <br> Series A, 5.00%, 06/01/45<br>| 1825 | &nbsp;&nbsp; 1634100 |
| Metropolitan Transportation Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 11/15/29 | 765 | &nbsp;&nbsp; 779133 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.00%, 11/15/56 | 320 | &nbsp;&nbsp; 310640 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 4.75%, 11/15/45 | 1700 | &nbsp;&nbsp; 1692639 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 5.00%, 11/15/50 | 550 | &nbsp;&nbsp; 552493 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Refunding <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 5.25%, 11/15/55 | 810 | &nbsp;&nbsp; $823768 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp., RB, M/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.70%, 08/01/54<br>| 810 | &nbsp;&nbsp; 782859 |
| &nbsp;&nbsp;&nbsp; Series E-1, Sustainability Bonds, 4.85%, 11/01/53 | 685 | &nbsp;&nbsp; 679232 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Series F-1, Subordinate, <br> 5.00%, 02/01/44<br>| 215 | &nbsp;&nbsp; 223628 |
| &nbsp;&nbsp;&nbsp; New York Counties Tobacco Trust IV, Refunding RB, <br> Series A, 6.25%, 06/01/41<sup>(b)</sup><br>| 1300 | &nbsp;&nbsp; 1299975 |
| &nbsp;&nbsp;&nbsp; New York Counties Tobacco Trust VI, Refunding RB, <br> Series C, 4.00%, 06/01/51<br>| 1000 | &nbsp;&nbsp; 767559 |
| New York Liberty Development Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (BAM-TCRS), 3.00%, <br> 11/15/51<br>| 1785 | &nbsp;&nbsp; 1185078 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 3.00%, 11/15/51 | 560 | &nbsp;&nbsp; 384618 |
| &nbsp;&nbsp;&nbsp; New York Power Authority, Refunding RB, Series A, <br> Sustainability Bonds, 4.00%, 11/15/55<br>| 205 | &nbsp;&nbsp; 181622 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series A, 4.00%, 03/15/54<br>| 605 | &nbsp;&nbsp; 533619 |
| New York Transportation Development Corp., ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/01/36 | 400 | &nbsp;&nbsp; 413816 |
| &nbsp;&nbsp;&nbsp; AMT, 5.63%, 04/01/40 | 420 | &nbsp;&nbsp; 435194 |
| New York Transportation Development Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 10/01/35 | 945 | &nbsp;&nbsp; 958202 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, (AGM), 5.00%, 06/30/49 | 1545 | &nbsp;&nbsp; 1532145 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 5.50%, 06/30/54 | 625 | &nbsp;&nbsp; 634309 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 5.50%, 06/30/60 | 2000 | &nbsp;&nbsp; 2016461 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Refunding <br> RB, Series A, AMT, Sustainability Bonds, 5.50%, <br> 12/31/60<br>| 1040 | &nbsp;&nbsp; 1050117 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, ARB, AMT, <br> 5.00%, 11/01/49<br>| 1330 | &nbsp;&nbsp; 1328953 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Sales Tax Revenue, <br> RB, Series A, 4.25%, 05/15/58<br>| 2105 | &nbsp;&nbsp; 1927450 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority, RB, Series A, <br> 5.00%, 11/15/49<br>| 1645 | &nbsp;&nbsp; 1679619 |
| &nbsp;&nbsp;&nbsp; Westchester Tobacco Asset Securitization Corp., <br> Refunding RB, Sub-Series C, 5.13%, 06/01/51<br>| 1160 | &nbsp;&nbsp; 1074430 |
|  |  | &nbsp;&nbsp; 25066178 |
| **North Carolina — 0.3%** | **North Carolina — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; North Carolina Housing Finance Agency, RB, S/F <br> Housing, Series 54-A, (FHLMC, FNMA, GNMA), <br> 4.70%, 07/01/50<br>| 455 | &nbsp;&nbsp; 447209 |
| &nbsp;&nbsp;&nbsp; University of North Carolina at Chapel Hill, RB, 5.00%, <br> 02/01/49<br>| 145 | &nbsp;&nbsp; 155597 |
|  |  | &nbsp;&nbsp; 602806 |
| **North Dakota — 0.4%** | **North Dakota — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; North Dakota Housing Finance Agency, RB, S/F Housing, <br> Series C, Sustainability Bonds, 4.75%, 07/01/49<br>| 820 | &nbsp;&nbsp; 806961 |
| **Ohio — 2.3%** | **Ohio — 2.3%** |  |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, <br> Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55<br>| 1795 | &nbsp;&nbsp; 1545356 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Ohio (continued)** | **Ohio (continued)** |  |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority, Refunding ARB, <br> AMT, 5.50%, 01/01/55<br>| 2110 | &nbsp;&nbsp; $2191867 |
| &nbsp;&nbsp;&nbsp; Ohio Housing Finance Agency, RB, S/F Housing, <br> Series B, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.65%, 09/01/49<br>| 1015 | &nbsp;&nbsp; 994407 |
|  |  | &nbsp;&nbsp; 4731630 |
| **Oklahoma — 0.1%** | **Oklahoma — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma Water Resources Board, RB, (OK CERF), <br> 4.00%, 04/01/48<br>| 315 | &nbsp;&nbsp; 287326 |
| **Pennsylvania — 6.0%** | **Pennsylvania — 6.0%** |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority, ARB, Series A, AMT, <br> 5.00%, 01/01/51<br>| 875 | &nbsp;&nbsp; 862834 |
| &nbsp;&nbsp;&nbsp; Allegheny County Hospital Development Authority, <br> Refunding RB, Series A, 5.00%, 04/01/47<br>| 1625 | &nbsp;&nbsp; 1598332 |
| &nbsp;&nbsp;&nbsp; Mckeesport Area School District, Refunding GO, (FGIC <br> SAW), 0.00%, 10/01/31<sup>(d)(i)</sup><br>| 500 | &nbsp;&nbsp; 390714 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/30/42 | 1585 | &nbsp;&nbsp; 1561040 |
| &nbsp;&nbsp;&nbsp; AMT, 5.50%, 06/30/41 | 810 | &nbsp;&nbsp; 839392 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 06/30/48 | 700 | &nbsp;&nbsp; 719923 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing Authority, <br> Refunding RB, AMT, 5.50%, 11/01/44<br>| 810 | &nbsp;&nbsp; 804843 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, RB, <br> 4.00%, 08/15/49<br>| 145 | &nbsp;&nbsp; 127049 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, <br> Refunding RB, Series B2, 5.50%, 11/01/54<br>| 720 | &nbsp;&nbsp; 745152 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F Housing, <br> Series 145A, Sustainability Bonds, 4.75%, 10/01/49<br>| 1780 | &nbsp;&nbsp; 1778620 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, Refunding RB, <br> S/F Housing, Series 142-A, Sustainability Bonds, <br> 5.00%, 10/01/50<br>| 370 | &nbsp;&nbsp; 372429 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission Oil Franchise Tax <br> Revenue, Refunding RB, Series A, 4.00%, 12/01/51<br>| 3030 | &nbsp;&nbsp; 2675349 |
|  |  | &nbsp;&nbsp; 12475677 |
| **Puerto Rico — 4.3%** | **Puerto Rico — 4.3%** |  |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.75%, 07/01/53 | 1593 | &nbsp;&nbsp; 1468068 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.00%, 07/01/58 | 5324 | &nbsp;&nbsp; 5059379 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.78%, 07/01/58 | 1459 | &nbsp;&nbsp; 1333165 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB, CAB, Series A-1, Restructured, 0.00%, <br> 07/01/46<sup>(d)</sup><br>| 3465 | &nbsp;&nbsp; 1110819 |
|  |  | &nbsp;&nbsp; 8971431 |
| **South Carolina — 3.0%** | **South Carolina — 3.0%** |  |
| &nbsp;&nbsp;&nbsp; Charleston County Airport District, ARB, Series A, AMT, <br> 5.25%, 07/01/54<br>| 355 | &nbsp;&nbsp; 363035 |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, RB, Series A1, <br> 5.25%, 10/01/54<sup>(a)</sup><br>| 520 | &nbsp;&nbsp; 551667 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/55<sup>(b)</sup> | 755 | &nbsp;&nbsp; 628693 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/50 | 1030 | &nbsp;&nbsp; 1099497 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/54 | 310 | &nbsp;&nbsp; 326392 |
| South Carolina Public Service Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 12/01/54 | 305 | &nbsp;&nbsp; 319669 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 12/01/55 | 2500 | &nbsp;&nbsp; 2051957 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **South Carolina (continued)** | **South Carolina (continued)** |  |
| South Carolina Public Service Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 12/01/50 | 325 | &nbsp;&nbsp; $332254 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/55 | 315 | &nbsp;&nbsp; 316773 |
| &nbsp;&nbsp;&nbsp; South Carolina State Housing Finance & Development <br> Authority, Refunding RB, S/F Housing, Series A, 4.95%, <br> 07/01/53<br>| 100 | &nbsp;&nbsp; 103380 |
|  |  | &nbsp;&nbsp; 6093317 |
| **Tennessee — 2.3%** | **Tennessee — 2.3%** |  |
| &nbsp;&nbsp;&nbsp; Knox County Health Educational & Housing Facility Board, <br> RB, Series A-1, (BAM), 5.50%, 07/01/59<br>| 135 | &nbsp;&nbsp; 143350 |
| &nbsp;&nbsp;&nbsp; Memphis-Shelby County Airport Authority, ARB, Series A, <br> AMT, 5.00%, 07/01/49<br>| 885 | &nbsp;&nbsp; 874813 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational cilities Board, RB, 5.25%, <br> 05/01/48<br>| 180 | &nbsp;&nbsp; 180448 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational cilities Board, Refunding RB, <br> Series A, 5.00%, 10/01/45<br>| 1000 | &nbsp;&nbsp; 941630 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Facs Board, Refunding RB, <br> 5.25%, 10/01/58<br>| 725 | &nbsp;&nbsp; 719219 |
| &nbsp;&nbsp;&nbsp; Metropolitan Nashville Airport Authority, ARB, Series B, <br> AMT, 5.00%, 07/01/52<br>| 910 | &nbsp;&nbsp; 906554 |
| Tennergy Corp., RB, Series A, 5.50%, 10/01/53<sup>(a)</sup> | 950 | &nbsp;&nbsp; 995273 |
|  |  | &nbsp;&nbsp; 4761287 |
| **Texas — 14.6%** | **Texas — 14.6%** |  |
| Arlington Higher Education Finance Corp., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/62 | 380 | &nbsp;&nbsp; 365003 |
| &nbsp;&nbsp;&nbsp; 7.88%, 11/01/62 | 330 | &nbsp;&nbsp; 334408 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Airport System Revenue, ARB, AMT, <br> 5.25%, 11/15/47<br>| 795 | &nbsp;&nbsp; 806591 |
| &nbsp;&nbsp;&nbsp; City of Galveston Texas Wharves & Terminal Revenue, <br> ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 1st Lien, 5.50%, 08/01/43 | 100 | &nbsp;&nbsp; 105064 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 1st Lien, 5.50%, 08/01/44 | 100 | &nbsp;&nbsp; 104564 |
| &nbsp;&nbsp;&nbsp; City of Garland Texas Electric Utility System Revenue, <br> Refunding RB, (AGM), 4.25%, 03/01/48<br>| 100 | &nbsp;&nbsp; 93439 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, ARB, <br> Series B, AMT, 5.50%, 07/15/37<br>| 310 | &nbsp;&nbsp; 311849 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, Refunding <br> RB, Sub-Series A, AMT, 4.00%, 07/01/40<br>| 475 | &nbsp;&nbsp; 435366 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District, Refunding GO, <br> Series A, (PSF), 4.00%, 08/15/49<br>| 315 | &nbsp;&nbsp; 287120 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp., <br> Refunding RB, 4.00%, 10/01/47<br>| 2175 | &nbsp;&nbsp; 1933218 |
| &nbsp;&nbsp;&nbsp; Harris County-Houston Sports Authority, Refunding RB, <br> Series A, Senior Lien, (AGM NPFGC), 0.00%, <br> 11/15/38<sup>(d)</sup><br>| 5000 | &nbsp;&nbsp; 2339410 |
| &nbsp;&nbsp;&nbsp; Humble Independent School District, GO, (PSF), 5.00%, <br> 02/15/47<br>| 4500 | &nbsp;&nbsp; 4643800 |
| &nbsp;&nbsp;&nbsp; Midland County Fresh Water Supply District No. 1, RB, <br> CAB, Series A, 0.00%, 09/15/27<sup>(d)(e)</sup><br>| 16780 | &nbsp;&nbsp; 8928383 |
| &nbsp;&nbsp;&nbsp; New Braunfels Independent School District, GO, (PSF), <br> 4.00%, 02/01/52<br>| 310 | &nbsp;&nbsp; 274539 |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority, Refunding RB, 4.25%, <br> 01/01/49<br>| 825 | &nbsp;&nbsp; 739074 |
| &nbsp;&nbsp;&nbsp; Permanent University Fund - Texas A&M University <br> System, Refunding RB, Series A, 5.00%, 07/01/54<br>| 570 | &nbsp;&nbsp; 591671 |
| &nbsp;&nbsp;&nbsp; Port Authority of Houston of Harris County Texas, ARB, <br> 1st Lien, 5.00%, 10/01/53<br>| 435 | &nbsp;&nbsp; 446563 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; Spring Branch Independent School District, GO, (PSF), <br> 4.00%, 02/01/48<br>| 405 | &nbsp;&nbsp; $366018 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., RB, Series A, 4.00%, 07/01/53<br>| 465 | &nbsp;&nbsp; 410693 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., Refunding RB, 5.00%, 10/01/49<br>| 100 | &nbsp;&nbsp; 98197 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp. III, <br> Refunding RB, 5.00%, 12/15/32<br>| 1315 | &nbsp;&nbsp; 1370115 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp., <br> RB, AMT, 5.00%, 06/30/58<br>| 1560 | &nbsp;&nbsp; 1528163 |
| &nbsp;&nbsp;&nbsp; Texas Transportation Commission State Highway <br> 249 System, RB, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/35 | 420 | &nbsp;&nbsp; 269170 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/36 | 235 | &nbsp;&nbsp; 143158 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/37 | 305 | &nbsp;&nbsp; 175751 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/38 | 315 | &nbsp;&nbsp; 171686 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/44 | 950 | &nbsp;&nbsp; 355369 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/45 | 1800 | &nbsp;&nbsp; 628926 |
| &nbsp;&nbsp;&nbsp; Texas Water Development Board, RB, Series A, 4.38%, <br> 10/15/59<br>| 1520 | &nbsp;&nbsp; 1433423 |
| &nbsp;&nbsp;&nbsp; University of Houston, Refunding RB, Series A, 5.00%, <br> 02/15/56<br>| 520 | &nbsp;&nbsp; 524076 |
|  |  | &nbsp;&nbsp; 30214807 |
| **Utah — 0.6%** | **Utah — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Black Desert Public Infrastructure District, SAB, 5.63%, <br> 12/01/53<sup>(b)</sup><br>| 120 | &nbsp;&nbsp; 116786 |
| &nbsp;&nbsp;&nbsp; City of Salt Lake City Utah Airport Revenue, ARB, <br> Series A, AMT, 5.00%, 07/01/51<br>| 425 | &nbsp;&nbsp; 422334 |
| Utah Charter School Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/37<sup>(b)</sup> | 205 | &nbsp;&nbsp; 196774 |
| &nbsp;&nbsp;&nbsp; (UT), 4.00%, 04/15/42 | 600 | &nbsp;&nbsp; 542094 |
|  |  | &nbsp;&nbsp; 1277988 |
| **Vermont — 0.1%** | **Vermont — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Vermont Student Assistance Corp., RB, Series A, AMT, <br> 4.25%, 06/15/32<br>| 285 | &nbsp;&nbsp; 276483 |
| **Virginia — 1.2%** | **Virginia — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Ballston Quarter Community Development Authority, TA, <br> Series A-1, 5.50%, 03/01/46<br>| 293 | &nbsp;&nbsp; 303316 |
| &nbsp;&nbsp;&nbsp; Ballston Quarter Community Development Authority, TA, <br> CAB, Series A-2, 7.13%, 03/01/59<sup>(c)</sup><br>| 702 | &nbsp;&nbsp; 583382 |
| &nbsp;&nbsp;&nbsp; Henrico County Economic Development Authority, RB, <br> 11/01/48<sup>(h)</sup><br>| 580 | &nbsp;&nbsp; 581398 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series B-1, 5.00%, 06/01/47<br>| 1030 | &nbsp;&nbsp; 910833 |
|  |  | &nbsp;&nbsp; 2378929 |
| **Washington — 1.2%** | **Washington — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Port of Seattle Washington, ARB, Series C, AMT, <br> Intermediate Lien, 5.00%, 05/01/42<br>| 625 | &nbsp;&nbsp; 625479 |
| &nbsp;&nbsp;&nbsp; Port of Seattle Washington, Refunding ARB, Series C, <br> AMT, Intermediate Lien, 5.00%, 08/01/46<br>| 1815 | &nbsp;&nbsp; 1803740 |
|  |  | &nbsp;&nbsp; 2429219 |
| **Wisconsin — 0.7%** | **Wisconsin — 0.7%** |  |
| Public Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/36<sup>(b)</sup> | 100 | &nbsp;&nbsp; 89342 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/51<sup>(b)</sup> | 320 | &nbsp;&nbsp; 242516 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Wisconsin (continued)** | **Wisconsin (continued)** |  |
| Public Finance Authority, RB (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/61<sup>(b)</sup> | 405 | &nbsp;&nbsp; $293249 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.75%, 07/01/49 | 835 | &nbsp;&nbsp; 859328 |
|  |  | &nbsp;&nbsp; 1484435 |
| **Total Municipal Bonds — 112.2%** <br>**(Cost: $225,998,892)** | **Total Municipal Bonds — 112.2%** <br>**(Cost: $225,998,892)** | &nbsp;&nbsp; 231686690 |
| **Municipal Bonds Transferred to Tender Option Bond Trusts** | **Municipal Bonds Transferred to Tender Option Bond Trusts** | **Municipal Bonds Transferred to Tender Option Bond Trusts** |
| **Alabama**<sup>(a)(j)</sup> **— 7.3%** | **Alabama**<sup>(a)(j)</sup> **— 7.3%** |  |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 10/01/54<sup>(k)</sup> | 3299 | &nbsp;&nbsp; 3524120 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.25%, 02/01/53 | 6771 | &nbsp;&nbsp; 7069714 |
| &nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, RB, Series B-1, <br> 5.75%, 04/01/54<br>| 4095 | &nbsp;&nbsp; 4466324 |
|  |  | &nbsp;&nbsp; 15060158 |
| **Arizona — 1.8%** | **Arizona — 1.8%** |  |
| &nbsp;&nbsp;&nbsp; Salt River Project Agricultural Improvement & Power <br> District, RB, Series B, 5.00%, 01/01/48<sup>(j)</sup><br>| 3610 | &nbsp;&nbsp; 3758952 |
| **Colorado — 1.6%** | **Colorado — 1.6%** |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System <br> Revenue, Refunding ARB, Series A, AMT, 5.50%, <br> 11/15/53<sup>(j)</sup><br>| 3196 | &nbsp;&nbsp; 3331662 |
| **District of Columbia**<sup>(j)</sup> **— 4.1%** | **District of Columbia**<sup>(j)</sup> **— 4.1%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Housing Finance Agency, RB, M/F <br> Housing, Series B-2, 4.10%, 09/01/39<br>| 2102 | &nbsp;&nbsp; 2027863 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB, Series A, AMT, 5.25%, <br> 10/01/49<br>| 2836 | &nbsp;&nbsp; 2882684 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding RB, Series A, 5.00%, 10/01/49<br>| 3556 | &nbsp;&nbsp; 3485584 |
|  |  | &nbsp;&nbsp; 8396131 |
| **Florida**<sup>(j)</sup> **— 3.6%** | **Florida**<sup>(j)</sup> **— 3.6%** |  |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation Authority, ARB, AMT, 5.25%, <br> 10/01/51<br>| 4898 | &nbsp;&nbsp; 4966078 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Aviation Authority, ARB, AMT, 5.00%, <br> 10/01/47<br>| 2460 | &nbsp;&nbsp; 2447766 |
|  |  | &nbsp;&nbsp; 7413844 |
| **Georgia**<sup>(j)</sup> **— 3.1%** | **Georgia**<sup>(j)</sup> **— 3.1%** |  |
| &nbsp;&nbsp;&nbsp; Georgia Housing & Finance Authority, RB, S/F Housing, <br> Series A, 4.65%, 12/01/50<br>| 3781 | &nbsp;&nbsp; 3729215 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., Refunding RB, Series E-1, <br> 5.00%, 12/01/53<sup>(a)(k)</sup><br>| 2476 | &nbsp;&nbsp; 2582507 |
|  |  | &nbsp;&nbsp; 6311722 |
| **Illinois**<sup>(j)</sup> **— 4.6%** | **Illinois**<sup>(j)</sup> **— 4.6%** |  |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, <br> Refunding RB, Series A, 5.00%, 12/01/49<sup>(k)</sup><br>| 3226 | &nbsp;&nbsp; 3273027 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Wastewater Transmission <br> Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%, <br> 01/01/58<br>| 4302 | &nbsp;&nbsp; 4459902 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Refunding RB, Series A, 5.00%, <br> 08/15/51<br>| 1711 | &nbsp;&nbsp; 1726238 |
|  |  | &nbsp;&nbsp; 9459167 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Massachusetts**<sup>(j)</sup> **— 2.3%** | **Massachusetts**<sup>(j)</sup> **— 2.3%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series D, 5.00%, <br> 10/01/52<br>| $2444 | &nbsp;&nbsp; $2516775 |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority, ARB, Series E, AMT, <br> 5.00%, 07/01/51<br>| 2151 | &nbsp;&nbsp; 2134366 |
|  |  | &nbsp;&nbsp; 4651141 |
| **Michigan — 1.0%** | **Michigan — 1.0%** |  |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, <br> Series A, 4.05%, 10/01/48<sup>(j)</sup><br>| 2148 | &nbsp;&nbsp; 1958986 |
| **Missouri — 0.9%** | **Missouri — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development Commission, RB, <br> Series E, (FHLMC, FNMA, GNMA), 4.60%, 11/01/49<sup>(j)</sup><br>| 2025 | &nbsp;&nbsp; 1948183 |
| **Nebraska — 2.8%** | **Nebraska — 2.8%** |  |
| &nbsp;&nbsp;&nbsp; Nebraska Investment Finance Authority, RB, S/F Housing, <br> Series E, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.80%, 09/01/54<sup>(j)</sup><br>| 1889 | &nbsp;&nbsp; 1883314 |
| Omaha Public Power District, RB, 5.50%, | 925 | &nbsp;&nbsp; 987607 |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District, Refunding RB, Series B, <br> 5.25%, 02/01/48<sup>(j)</sup><br>| 2820 | &nbsp;&nbsp; 2969987 |
|  |  | &nbsp;&nbsp; 5840908 |
| **New York**<sup>(j)</sup> **— 5.6%** | **New York**<sup>(j)</sup> **— 5.6%** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Dedicated Tax Fund, <br> Refunding RB, Series B-1, Sustainability Bonds, 5.00%, <br> 11/15/49<br>| 3268 | &nbsp;&nbsp; 3380575 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, RB, <br> Series AA, Class 1, Subordinate, 5.25%, 06/15/53<br>| 2440 | &nbsp;&nbsp; 2583622 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority, RB, <br> Series D, 5.25%, 05/01/48<br>| 2280 | &nbsp;&nbsp; 2423730 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series A, 4.00%, 03/15/47<br>| 1590 | &nbsp;&nbsp; 1457106 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority, RB, Series A, <br> 5.00%, 11/15/51<br>| 1740 | &nbsp;&nbsp; 1768259 |
|  |  | &nbsp;&nbsp; 11613292 |
| **Oregon — 0.9%** | **Oregon — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Port of Portland Oregon Airport Revenue, Refunding ARB, <br> Series 29, AMT, Sustainability Bonds, 5.50%, <br> 07/01/48<sup>(j)</sup><br>| 1830 | &nbsp;&nbsp; 1911332 |
| **Rhode Island — 1.5%** | **Rhode Island — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; Rhode Island Housing & Mortgage Finance Corp., RB, S/F <br> Housing, Series 82-A, Sustainability Bonds, (GNMA), <br> 4.60%, 10/01/49<sup>(j)</sup><br>| 3256 | &nbsp;&nbsp; 3138234 |
| **South Carolina — 2.0%** | **South Carolina — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, Refunding RB, <br> Series B-1, 5.25%, 02/01/54<sup>(a)(j)(k)</sup><br>| 3989 | &nbsp;&nbsp; 4213889 |
| **Tennessee — 2.0%** | **Tennessee — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., RB, Series A, <br> 5.00%, 05/01/52<sup>(a)(j)(k)</sup><br>| 3885 | &nbsp;&nbsp; 4042926 |
| **Texas**<sup>(j)</sup> **— 6.2%** | **Texas**<sup>(j)</sup> **— 6.2%** |  |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, Refunding <br> ARB, Series A, AMT, Subordinate Lien, (AGM), 5.25%, <br> 07/01/48<br>| 1280 | &nbsp;&nbsp; 1312992 |
| &nbsp;&nbsp;&nbsp; City of San Antonio Texas Electric & Gas Systems <br> Revenue, Refunding RB, Series A, 5.50%, 02/01/50<br>| 1410 | &nbsp;&nbsp; 1513056 |
| &nbsp;&nbsp;&nbsp; Crowley Independent School District, GO, 5.25%, <br> 02/01/53<br>| 1874 | &nbsp;&nbsp; 1947434 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; Denton Independent School District, GO, (PSF-GTD), <br> 5.00%, 08/15/48<br>| 3120 | &nbsp;&nbsp; $3229986 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., RB, 5.00%, 11/15/51<br>| 2251 | &nbsp;&nbsp; 2295227 |
| Texas Water Development Board, RB, 4.80%, 10/15/52 | 2475 | &nbsp;&nbsp; 2506323 |
|  |  | &nbsp;&nbsp; 12805018 |
| **Virginia — 1.2%** | **Virginia — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Hampton Roads Transportation Accountability <br> Commission, RB, Series A, 4.00%, 07/01/57<sup>(j)</sup><br>| 2840 | &nbsp;&nbsp; 2511765 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 52.5%** <br>**(Cost: $109,131,623)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 52.5%** <br>**(Cost: $109,131,623)** | &nbsp;&nbsp; 108367310 |
| **Total Long-Term Investments — 164.7%** <br>**(Cost: $335,130,515)** | **Total Long-Term Investments — 164.7%** <br>**(Cost: $335,130,515)** | &nbsp;&nbsp; 340054000 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.0%** | **Money Market Funds — 1.0%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 3.05%<sup>(l)(m)</sup><br>| 1988436 | &nbsp;&nbsp; 1988635 |
| **Total Short-Term Securities — 1.0%** <br>**(Cost: $1,988,635)** | **Total Short-Term Securities — 1.0%** <br>**(Cost: $1,988,635)** | &nbsp;&nbsp; 1988635 |
| **Total Investments — 165.7%** <br>**(Cost: $337,119,150)** | **Total Investments — 165.7%** <br>**(Cost: $337,119,150)** | &nbsp;&nbsp; 342042635 |
| **Liabilities in Excess of Other Assets — (0.7)%** | **Liabilities in Excess of Other Assets — (0.7)%** | &nbsp;&nbsp; (1340088)<br>|
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (32.2)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (32.2)%** | &nbsp;&nbsp; (66497227)<br>|
| **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(32.8)%** | **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(32.8)%** | &nbsp;&nbsp; (67800000)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $206405320 |

---

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

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(d)</sup> Zero-coupon bond.

<sup>(e)</sup> U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. 

<sup>(f)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(g)</sup> Non-income producing security.

<sup>(h)</sup> When-issued security.

<sup>(i)</sup> Security is collateralized by municipal bonds or U.S. Treasury obligations.

<sup>(j)</sup> Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. 

<sup>(k)</sup> All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between February 1, 2029 to May 1, 2052, is $14,320,185. 

<sup>(l)</sup> Affiliate of the Fund.

<sup>(m)</sup> Annualized 7-day yield as of period end.

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*04/30/25*<br>| *Shares* <br>*Held at* <br>*04/30/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares | $3462930 | $—<br> $(1474295 )<sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $1988635 | 1988436 | $72585 | $— |

---

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

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The 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). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $231686690 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $231686690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 108367310 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 108367310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 1988635 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1988635 |
|  | &nbsp;&nbsp; $1988635 | &nbsp;&nbsp;&nbsp;&nbsp; $340054000 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $342042635 |

---

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TOB Trust Certificates | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(66014354)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(66014354)<br>|
| &nbsp;&nbsp;&nbsp; VMTP Shares at Liquidation Value | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (67800000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (67800000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(133814354)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(133814354)<br>|

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGC | Assured Guaranty Corp. |
| AGM | Assured Guaranty Municipal Corp. |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Investment Quality Municipal Trust, Inc. (BKN)** 

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| BAM | Build America Mutual Assurance Co. |
| BAM-TCRS | &nbsp;&nbsp;&nbsp; Build America Mutual Assurance Co. - Transferable <br> Custodial Receipts<br>|
| CAB | Capital Appreciation Bonds |
| FGIC | Financial Guaranty Insurance Co. |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| M/F | Multi-Family |
| NPFGC | National Public Finance Guarantee Corp. |
| PSF | Permanent School Fund |
| PSF-GTD | Permanent School Fund Guaranteed |
| RB | Revenue Bonds |
| S/F | Single-Family |
| SAB | Special Assessment Bonds |
| SAW | State Aid Withholding |
| TA | Tax Allocation |
| UT | Unlimited Tax |

---

Schedule of Investments

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Investment Quality Municipal Trust, Inc.

- **b. Investment Company Act file number:** 811-07354

- **c. CIK number of Registrant:** 0000894242

- **d. LEI of Registrant:** HIQUII1IK2OOB2XHIJ72

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Investment Quality Municipal Trust, Inc.

- **c. LEI of Series:** HIQUII1IK2OOB2XHIJ72

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $356585414.00

**Total Liabilities:** $150203458.58

**Net Assets:** $206381955.42

**Delayed Delivery Securities:** $14880264.20

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 95041.64000000 | **1-Year:** 4615.10000000 | **5-Year:** 74143.71000000 | **10-Year:** 47765.36000000 | **30-Year:** 68313.76000000

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

- **3-Month:** 274.80000000 | **1-Year:** 105.37000000 | **5-Year:** 6564.00000000 | **10-Year:** 3415.51000000 | **30-Year:** 24885.98000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.12%                | -3.06%               | -2.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-187316.07              | $1957297.40                                |
| Month 2  | $-319609.70              | $-7093159.18                               |
| Month 3  | $-1825011.78             | $-3036387.05                               |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE              | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    705000 | PA      | $695186.46    | 0.34%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                 | BALLSTON QUARTER CMNTY DEV AUTH VA REVENUE                   | CUSIP: 058696AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    702000 | PA      | $583381.49    | 0.28%             | 2059-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $719922.81    | 0.35%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    319777 | PA      | $303614.03    | 0.15%             | 2041-01-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182QX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3195941 | PA      | $3331662.42   | 1.61%             | 2053-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016460.58   | 0.98%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3299057 | PA      | $3524120.23   | 1.71%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515T2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    325000 | PA      | $332254.23    | 0.16%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District                                               | PALOMAR CA CMNTY CLG DIST                                    | CUSIP: 697511BX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4681801.44   | 2.27%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE        | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $804842.83    | 0.39%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1598086.65   | 0.77%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $915075.71    | 0.44%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GNY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $673159.46    | 0.33%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Benton AR Sales & Use Tax                                                | BENTON AR SALES & USE TAX                                    | CUSIP: 082756BY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $712906.64    | 0.35%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KBC8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    685000 | PA      | $679231.81    | 0.33%             | 2053-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                      | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001KR2<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2969987.20   | 1.44%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389A24<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    625000 | PA      | $625478.51    | 0.30%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16780000 | PA      | $8928383.11   | 4.33%             | 2038-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DVR0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    175000 | PA      | $156271.65    | 0.08%             | 2053-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XCG4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    600000 | PA      | $575594.83    | 0.28%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH ACT 38 FACS SENIOR REVEUE               | CUSIP: 59447NBE5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    115000 | PA      | $120500.42    | 0.06%             | 2057-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | District of Columbia Housing Finance Agency                  | CUSIP: 254768SQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2101877 | PA      | $2027863.43   | 0.98%             | 2039-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568KE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105064.38    | 0.05%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    305000 | PA      | $319669.26    | 0.15%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                               | GARLAND TX ELEC UTILITY SYS REVENUE                          | CUSIP: 366133TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93439.23     | 0.05%             | 2048-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAH5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    315000 | PA      | $171686.22    | 0.08%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                        | SPRING BRANCH TX INDEP SCH DIST                              | CUSIP: 849476WT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $366018.47    | 0.18%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1545355.56   | 0.75%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3885000 | PA      | $4042925.64   | 1.96%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | BLACK DESERT PUB INFRASTRUCTURE DIST UT SPL ASSMNT           | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $116786.06    | 0.06%             | 2053-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1312991.80   | 0.64%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTS AUTH                           | CUSIP: 413893CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2339409.65   | 1.13%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SMF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $184519.22    | 0.09%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $311848.86    | 0.15%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                  | GAINESVILLE FL UTILITIES SYS REVENUE                         | CUSIP: 362848VL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1310620.13   | 0.64%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1561040.47   | 0.76%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $719219.39    | 0.35%             | 2058-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195231.94    | 0.09%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225944 | PA      | $3273027.10   | 1.59%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CFQ1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3758952.16   | 1.82%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Point Business & Industrial Development Authority                           | EAST PT GA BUSINESS & INDL DEV AUTHORITY REVENUE             | CUSIP: 274502AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $118125.00    | 0.06%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    405000 | PA      | $429601.64    | 0.21%             | 2055-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RFZ3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1679619.40   | 0.81%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $634308.86    | 0.31%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Agricultural & Economic Development Board                              | MINNESOTA ST AGRIC & ECON DEVBRD                             | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $533984.48    | 0.26%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAG7<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    305000 | PA      | $175750.89    | 0.09%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XU63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $223627.64    | 0.11%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515V7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    315000 | PA      | $316772.79    | 0.15%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    306239 | PA      | $291632.62    | 0.14%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1532144.64   | 0.74%             | 2049-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794A44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $789481.50    | 0.38%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 6589098A7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    820000 | PA      | $806960.78    | 0.39%             | 2049-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675934R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $538725.01    | 0.26%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2061437.10   | 1.00%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59260XCT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1593000 | PA      | $1468068.15   | 0.71%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413815.92    | 0.20%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647GP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3556205 | PA      | $3485584.04   | 1.69%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1050117.29   | 0.51%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 593340AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $486629.15    | 0.24%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5324000 | PA      | $5059378.83   | 2.45%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QWL3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1778619.97   | 0.86%             | 2049-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District                                               | PALOMAR CA CMNTY CLG DIST                                    | CUSIP: 697511BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $1889373.73   | 0.92%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGV9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    465000 | PA      | $410692.90    | 0.20%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712D2W5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103380.01    | 0.05%             | 2053-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   4095000 | PA      | $4466324.01   | 2.16%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1598332.16   | 0.77%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                               | NEW YORK CNTYS NY TOBACCO TRUST VI                           | CUSIP: 64945JAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $767559.20    | 0.37%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                   | CUSIP: 45204FQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710793 | PA      | $1726237.93   | 0.84%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $201561.93    | 0.10%             | 2047-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                          | KENTUCKY PUB TRANSPRTN INFRASTRUCTURE AUTH TOLL REVENUE      | CUSIP: 491397AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1592850.28   | 0.77%             | 2039-07-01      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                             | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272GR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4471694.22   | 2.17%             | 2033-08-01      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DVQ2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    130000 | PA      | $134647.97    | 0.07%             | 2048-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 6459182F9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300017.78    | 0.15%             | 2042-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080WP2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    600000 | PA      | $580215.41    | 0.28%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2475979 | PA      | $2582506.75   | 1.25%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365Q0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1070523.10   | 0.52%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $435365.81    | 0.21%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QSE0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2250622 | PA      | $2295226.62   | 1.11%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CBV0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $86598.68     | 0.04%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1185077.98   | 0.57%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                          | LOUISIANA STADIUM & EXPOSITION DIST LA                       | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1142889.89   | 0.55%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592029CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180447.86    | 0.09%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TUJ0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    295000 | PA      | $247229.82    | 0.12%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4500943 | PA      | $4699548.45   | 2.28%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528U7H8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1277131.11   | 0.62%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GK37<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2583622.16   | 1.25%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                          | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 8821178Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $591670.98    | 0.29%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398HV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $806590.62    | 0.39%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917S6Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $127048.57    | 0.06%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority                           | CUSIP: 64990FA38<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1457106.44   | 0.71%             | 2047-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    760000 | PA      | $799178.86    | 0.39%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 392275FK4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4897675 | PA      | $4966078.10   | 2.41%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE        | CUSIP: 852297CK4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    305000 | PA      | $280947.46    | 0.14%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                          | KENTUCKY PUB TRANSPRTN INFRASTRUCTURE AUTH TOLL REVENUE      | CUSIP: 491397AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143020.55   | 0.55%             | 2034-07-01      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727C46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $719890.13    | 0.35%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    670000 | PA      | $709990.93    | 0.34%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $570694.20    | 0.28%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SV9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    675000 | PA      | $680441.07    | 0.33%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367K1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    640000 | PA      | $650875.97    | 0.32%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $334407.69    | 0.16%             | 2062-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89341.42     | 0.04%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston County Airport District                                               | CHARLESTON CNTY SC ARPT DIST ARPT SYS REVENUE                | CUSIP: 160070EK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $363035.03    | 0.18%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1459000 | PA      | $1333165.03   | 0.65%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Westchester Tobacco Asset Securitization Corp                                    | WESTCHESTER NY TOBACCO ASSET SECURITIZATION                  | CUSIP: 957480BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1074430.08   | 0.52%             | 2051-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CJL9<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    285000 | PA      | $276483.16    | 0.13%             | 2032-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308P73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2447766.26   | 1.19%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                             | TOBACCO SETTLEMENT FING CORP VA                              | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $910833.41    | 0.44%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399RQ1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1332562.49   | 0.65%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                    | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1277800.67   | 0.62%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    735000 | PA      | $768843.86    | 0.37%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1528163.36   | 0.74%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                | CUSIP: 586111PN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $874812.77    | 0.42%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1513128.16   | 0.73%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502054.79    | 0.24%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151A25<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2051957.33   | 0.99%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794J37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $722944.75    | 0.35%             | 2051-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $384618.04    | 0.19%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    810000 | PA      | $823768.43    | 0.40%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | NEVADA DEPT OF BUSINESS & INDUSTRY NV                        | CUSIP: 641454AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $123283.43    | 0.06%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GJ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    405000 | PA      | $293249.39    | 0.14%             | 2061-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $959072.18    | 0.46%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   3989057 | PA      | $4213888.94   | 2.04%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1075249.14   | 0.52%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                              | CROWLEY TX INDEP SCH DIST                                    | CUSIP: 228130KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1874062 | PA      | $1947433.53   | 0.94%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505QP4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1235113.82   | 0.60%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1370114.49   | 0.66%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $386263.40    | 0.19%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBW1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    205000 | PA      | $206181.18    | 0.10%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041WB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941630.02    | 0.46%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE               | CUSIP: 63968M7H6<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   1889055 | PA      | $1883313.56   | 0.91%             | 2054-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JNN4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2423730.00   | 1.17%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJK0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98196.61     | 0.05%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SM9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    370000 | PA      | $370093.66    | 0.18%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hartnell Community College District/CA                                           | HARTNELL CA CMNTY CLG DIST                                   | CUSIP: 417123DM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2655649.21   | 1.29%             | 2034-08-01      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $862834.30    | 0.42%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $958202.40    | 0.46%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Henderson KY                                                             | HENDERSON KY EXEMPT FACS REVENUE                             | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    135000 | PA      | $122472.08    | 0.06%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $745151.88    | 0.36%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $388714.59    | 0.19%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59260XCS5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3268122 | PA      | $3380574.80   | 1.64%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1704997.53   | 0.83%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009QX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $1933218.10   | 0.94%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    950000 | PA      | $995273.14    | 0.48%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MF79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $480571.99    | 0.23%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1803740.45   | 0.87%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                               | NEW YORK CNTYS NY TOBACCO TRUST IV                           | CUSIP: 62947YAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1299974.91   | 0.63%             | 2041-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP REVENUE                        | CUSIP: 64966WJN8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    810000 | PA      | $782858.84    | 0.38%             | 2054-08-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AJP3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    765000 | PA      | $779132.59    | 0.38%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $839392.28    | 0.41%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203H5F5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    945000 | PA      | $911023.63    | 0.44%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    455000 | PA      | $426558.05    | 0.21%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613AJM5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    260000 | PA      | $252537.62    | 0.12%             | 2044-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of Spring Lake Park MN                                                      | SPRING LAKE PARK MN CHRT SCH LEASE REVENUE                   | CUSIP: 849824AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1661151.87   | 0.80%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CCW6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    190000 | PA      | $200275.33    | 0.10%             | 2042-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                               | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002MB9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3229986.00   | 1.57%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GWB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $400488.72    | 0.19%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1034269.65   | 0.50%             | 2035-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y47<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    600000 | PA      | $589540.88    | 0.29%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | GAINESVILLE & HALL CNTY GA HOSP AUTH                         | CUSIP: 362762QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $660849.21    | 0.32%             | 2051-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAQ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $628926.23    | 0.30%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $197952.01    | 0.10%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593Y55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2004512.69   | 0.97%             | 2056-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                   | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PUG6<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    315000 | PA      | $287325.99    | 0.14%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061ULD8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    170577 | PA      | $45288.23     | 0.02%             | 2057-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576KC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $422333.47    | 0.20%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION         | CUSIP: 409328BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2511764.76   | 1.22%             | 2057-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | UNIV OF HOUSTON TX UNIV REVENUES                             | CUSIP: 914302KP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $524075.63    | 0.25%             | 2056-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                        | CUSIP: 67756Q7Z4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $994406.51    | 0.48%             | 2049-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAP7<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    950000 | PA      | $355369.12    | 0.17%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE                  | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $382348.33    | 0.19%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654ZR9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    340000 | PA      | $317266.42    | 0.15%             | 2049-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No 500 Kansas City                      | WYANDOTTE CNTY KS UNIF SCH DIST #500                         | CUSIP: 982696SW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $682794.57    | 0.33%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                 | BALLSTON QUARTER CMNTY DEV AUTH VA REVENUE                   | CUSIP: 058696AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    293000 | PA      | $303316.27    | 0.15%             | 2046-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                                        | NORWALK-LA MIRADA CA UNIF SCH DIST                           | CUSIP: 669096RW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $6750347.04   | 3.27%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285ABJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2506323.09   | 1.21%             | 2052-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1052532.83   | 0.51%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NBB4<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    575000 | PA      | $578738.03    | 0.28%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $405199.81    | 0.20%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TLB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $542093.99    | 0.26%             | 2042-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority/The                                          | CAMDEN CNTY NJ IMPT AUTH SCH REVENUE                         | CUSIP: 13281PAD9<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    165000 | PA      | $169425.46    | 0.08%             | 2062-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN SF MTGE REVENUE                      | CUSIP: 45129Y5H5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    265000 | PA      | $256544.45    | 0.12%             | 2049-01-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    590000 | PA      | $559958.67    | 0.27%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190RA2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    910000 | PA      | $906554.04    | 0.44%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE        | CUSIP: 43233KAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $416345.20    | 0.20%             | 2051-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QTZ6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    370000 | PA      | $372429.11    | 0.18%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143350.18    | 0.07%             | 2059-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333NNC3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |  15375000 | PA      | $11037618.87  | 5.35%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153HT9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    740000 | PA      | $731184.39    | 0.35%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    990000 | PA      | $990378.11    | 0.48%             | 2030-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                       | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $413202.55    | 0.20%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAF9<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    235000 | PA      | $143157.85    | 0.07%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TVE0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $916997.66    | 0.44%             | 2050-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    565000 | PA      | $583483.03    | 0.28%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                             | CUSIP: 25476FA57<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    730000 | PA      | $765840.74    | 0.37%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   2736006 | NS      | $2736279.27   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    375000 | PA      | $353970.36    | 0.17%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031ZN6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    755000 | PA      | $628693.14    | 0.30%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YFK2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    680000 | PA      | $693302.47    | 0.34%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $406986.49    | 0.20%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221SBL4<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   3256207 | PA      | $3138234.37   | 1.52%             | 2049-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896YK5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2150957 | PA      | $2134366.39   | 1.03%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1099496.79   | 0.53%             | 2050-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308L85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1815145.57   | 0.88%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WYA8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    825000 | PA      | $739073.79    | 0.36%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352403J0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1911331.91   | 0.93%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 392274X43<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1127485.02   | 0.55%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $1110819.30   | 0.54%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Braunfels Independent School District                                        | NEW BRAUNFELS TX INDEP SCH DIST                              | CUSIP: 642543K84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $274538.74    | 0.13%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y54<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1331925.61   | 0.65%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104564.00    | 0.05%             | 2044-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                              | GEORGIA ST HSG & FIN AUTH REVENUE                            | CUSIP: 37353PPU7<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   3780945 | PA      | $3729215.42   | 1.81%             | 2050-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990F6W9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    605000 | PA      | $533619.21    | 0.26%             | 2054-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                   | LOWER AL GAS DIST GAS PROJ REVENUE                           | CUSIP: 547804AE4<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1288081.77   | 0.62%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $196763.39    | 0.10%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794K76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1329717.95   | 0.64%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $140438.60    | 0.07%             | 2046-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |    520000 | PA      | $551666.59    | 0.27%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1693877.43   | 0.82%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PDN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $621694.32    | 0.30%             | 2057-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582R4E3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2443795 | PA      | $2516774.65   | 1.22%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TUW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $196774.40    | 0.10%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    310000 | PA      | $326391.91    | 0.16%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285AGC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1433423.02   | 0.69%             | 2059-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1328952.72   | 0.64%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mckeesport Area School District                                                  | MCKEESPORT PA AREA SCH DIST                                  | CUSIP: 581408TC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $390713.85    | 0.19%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    550000 | PA      | $552492.48    | 0.27%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GH9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    320000 | PA      | $242516.38    | 0.12%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333NNB5<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3765051.25   | 1.82%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XD65<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    900000 | PA      | $902255.63    | 0.44%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WC6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1120508.99   | 0.54%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1406087.51   | 0.68%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp                                           | ERIE CNTY NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTL | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1634100.15   | 0.79%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1610972.24   | 0.78%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority                 | CUSIP: 59465M4M4<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2148514 | PA      | $1958986.09   | 0.95%             | 2048-10-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU | CUSIP: 709221VZ5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3030000 | PA      | $2675349.07   | 1.30%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                 | PORT HOUSTON TX AUTH                                         | CUSIP: 734262GW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $446563.35    | 0.22%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                                  | MINNESOTA ST HGR EDU FACS AUTH REVENUE                       | CUSIP: 60416JFK1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    390000 | PA      | $394859.11    | 0.19%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RCZ4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    335000 | PA      | $326342.73    | 0.16%             | 2062-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PF67<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    835000 | PA      | $859328.09    | 0.42%             | 2049-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GDE6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1948182.50   | 0.94%             | 2049-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                           | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2191867.45   | 1.06%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AHL4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    320000 | PA      | $310639.72    | 0.15%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                  | GAINESVILLE FL UTILITIES SYS REVENUE                         | CUSIP: 362848VJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5390.87      | 0.00%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KEY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $332335.26    | 0.16%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $981029.24    | 0.48%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $1927450.22   | 0.93%             | 2058-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1513056.34   | 0.73%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835940 | PA      | $2882684.00   | 1.40%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654SE6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1637185.09   | 0.79%             | 2037-12-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2370164.58   | 1.15%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | Triborough Bridge & Tunnel Authority                         | CUSIP: 89602RGP4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1768258.94   | 0.86%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HEN8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    310000 | PA      | $315664.56    | 0.15%             | 2063-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207X33<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    770000 | PA      | $767080.24    | 0.37%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DMR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1203917.34   | 0.58%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 6582077N9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    455000 | PA      | $447209.05    | 0.22%             | 2050-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX ALLOCATION          | CUSIP: 70252AAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175175.79    | 0.08%             | 2054-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946954P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $681296.10    | 0.33%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $435193.82    | 0.21%             | 2040-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                      | UNIV OF NORTH CAROLINA AT CHAPEL HILL NC HOSP REVENUE        | CUSIP: 914714CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $155596.74    | 0.08%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1692639.15   | 0.82%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    820000 | PA      | $743684.73    | 0.36%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $365003.17    | 0.18%             | 2062-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LJR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $997293.72    | 0.48%             | 2056-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1085277.80   | 0.53%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LHL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1616256.50   | 0.78%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAE2<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    420000 | PA      | $269169.75    | 0.13%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P4B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $477464.01    | 0.23%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Humble Independent School District                                               | HUMBLE TX INDEP SCH DIST                                     | CUSIP: 445047MG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4643800.38   | 2.25%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $287120.05    | 0.14%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                         | NEW YORK ST PWR AUTH REVENUE                                 | CUSIP: 64989KLF1<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    205000 | PA      | $181622.43    | 0.09%             | 2055-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   4585000 | PA      | $4764157.18   | 2.31%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4302662 | PA      | $4459901.70   | 2.16%             | 2058-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    900000 | PA      | $935025.37    | 0.45%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD CNTY FL HLTH FACS AUTH REVENUE                       | CUSIP: 107416QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2761817.18   | 1.34%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** BlackRock Investment Quality Municipal Trust, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer