# EDGAR Filing Document

**Accession Number:** 0000770116
**File Stem:** 0000770116-26-000007
**Filing Date:** 2026-4
**Character Count:** 147203
**Document Hash:** af150bc9f94dced2564e5cef23b46ce1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000770116-26-000007.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000770116-26-000007

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Intermediate Municipal Trust
- **CENTRAL INDEX KEY:** 0000770116

**ORGANIZATION NAME:**
- **EIN:** 251495199
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04314
- **FILM NUMBER:** 26886167

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERMEDIATE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20130122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERMEDIATE MUNICIPAL TRUST/
- **DATE OF NAME CHANGE:** 19930709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INTERMEDIATE MUNICIPAL TRUST/
- **DATE OF NAME CHANGE:** 19930709

## Series and Classes Contracts Data

### Federated Hermes Intermediate Municipal Fund (Series ID: S000009084)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024675 | Institutional Shares | FIMYX           |
| C000024676 | Class A Shares       | FIMTX           |

## Nport-Ex

Federated Hermes Intermediate Municipal Fund

Portfolio of Investments

February 28, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—97.0% |  |
|  | **Alabama—4.7%** |  |
| $1000000 | Alabama State Port Authority, Docks Facilities Revenue Bonds (Series 2017A), (Assured Guaranty, Inc. INS), <br> 5.000%, 10/1/2026<br>| &nbsp;&nbsp; $1012130 |
| &nbsp;&nbsp; 1000000 | Black Belt Energy Gas District, AL, Gas Project Revenue Bonds (Series 2025G), (Goldman Sachs Group, Inc. GTD), <br> 5.000%, 10/1/2035<br>| &nbsp;&nbsp; 1092598 |
| &nbsp;&nbsp; 1000000 | Black Belt Energy Gas District, AL, Gas Supply Revenue Bonds (Series 2025E), (BP PLC GTD), 5.000%, Mandatory <br> Tender 5/1/2035<br>| &nbsp;&nbsp; 1102950 |
| &nbsp;&nbsp; 1000000 | Energy Southeast, AL, Energy Supply Revenue Bonds (Series 2023A-1), (Morgan Stanley GTD), 5.500%, Mandatory <br> Tender 1/1/2031<br>| &nbsp;&nbsp; 1100858 |
| &nbsp;&nbsp; 1380000 | Jefferson County, AL Sewer System, Sewer Revenue Warrants (Series 2024), 5.000%, 10/1/2038 | &nbsp;&nbsp; 1538674 |
| &nbsp;&nbsp; 2500000 | Lower Alabama Gas District, Gas Project Revenue Bonds (Series 2016A), (Goldman Sachs Group, Inc. GTD), 5.000%, 9/1/2031 | &nbsp;&nbsp; 2718770 |
| &nbsp;&nbsp; 665000<br><sup>1</sup> <br>| The IDA of Baldwin County (Novelis Corporation), Solid Waste Disposal Revenue Bonds (Series 2025A), (Novelis Corporation <br> GTD), 5.000%, Mandatory Tender 6/1/2032<br>| &nbsp;&nbsp; 696048 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9262028 |
|  | **Arizona—2.5%** |  |
| &nbsp;&nbsp; 420000<br><sup>2</sup> <br>| Arizona Health Facilities Authority (Banner Health), (Series 2015B) FRNs, 2.130% (SIFMA 7-day +0.250%), Mandatory <br> Tender 11/4/2026<br>| &nbsp;&nbsp; 417199 |
| &nbsp;&nbsp; 1000000 | Arizona State IDA (Equitable School Revolving Fund), National Charter School Revolving Loan Fund Revenue Bonds <br> (Series 2019A), 5.000%, 11/1/2044<br>| &nbsp;&nbsp; 1026901 |
| &nbsp;&nbsp; 1000000 | Chandler, AZ IDA (Intel Corp.), Industrial Development Revenue Bonds (Series 2022), 5.000%, Mandatory Tender 9/1/2027 | &nbsp;&nbsp; 1020974 |
| &nbsp;&nbsp; 1000000 | Glendale, AZ Excise Tax Revenue, Subordinate Excise Tax Revenue Refunding Obligations (Series 2017), 5.000%, 7/1/2028 | &nbsp;&nbsp; 1038684 |
| &nbsp;&nbsp; 1000000 | Phoenix, AZ IDA (GreatHearts Arizona), Education Revenue Bonds (Series 2025A), 5.000%, 7/1/2035 | &nbsp;&nbsp; 1082595 |
| &nbsp;&nbsp; 375000<br><sup>1</sup> <br>| Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series 2022A), 6.750%, 11/15/2042 | &nbsp;&nbsp; 410306 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4996659 |
|  | **Arkansas—0.4%** |  |
| &nbsp;&nbsp; 750000 | Arkansas Development Finance Authority (Weyerhaeuser Co.), Resource Recovery Revenue Bonds (Series 2025), 3.875%, <br> Mandatory Tender 10/15/2032<br>| &nbsp;&nbsp; 754698 |
|  | **California—1.9%** |  |
| &nbsp;&nbsp; 1000000<br><sup>2</sup> <br>| Bay Area Toll Authority, CA, San Francisco Bay Area Toll Bridge Revenue Bonds (SIFMA Index Rate Bonds Series 2001A) <br> FRNs, 3.130% (SIFMA 7-day +1.250%), Mandatory Tender 4/1/2027<br>| &nbsp;&nbsp; 1001545 |
| &nbsp;&nbsp; 1000000 | California Community Choice Financing Authority (New York Life Insurance Co.), Clean Energy Project Revenue Bonds <br> (Series 2025G), (New York Life Insurance Co. GTD), 5.000%, 12/1/2035<br>| &nbsp;&nbsp; 1126165 |
| &nbsp;&nbsp; 1500000 | California State, UT GO Various Purpose Refunding Bonds (Series 2021), 4.000%, 10/1/2041 | &nbsp;&nbsp; 1550370 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3678080 |
|  | **Colorado—1.6%** |  |
| &nbsp;&nbsp; 700000 | Colorado State Health Facilities Authority (Intermountain Healthcare Obligated Group), Revenue Bonds (Series 2024A), <br> 5.000%, 5/15/2037<br>| &nbsp;&nbsp; 780107 |
| &nbsp;&nbsp; 750000 | Denver, CO City & County Department of Aviation, Airport System Subordinate Revenue Bonds (Series 2018A), <br> 5.000%, 12/1/2033<br>| &nbsp;&nbsp; 797609 |
| &nbsp;&nbsp; 1000000 | Douglas County, CO School District, Number Re1, UT GO Bonds (Series 2024), 5.000%, 12/15/2039 | &nbsp;&nbsp; 1152919 |
| &nbsp;&nbsp; 500000 | University of Colorado (The Regents of), University Enterprise Revenue Refunding Bonds (Series 2021C-3B), 2.000%, <br> Mandatory Tender 10/15/2026<br>| &nbsp;&nbsp; 497835 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3228470 |
|  | **Connecticut—2.7%** |  |
| &nbsp;&nbsp; 750000 | Connecticut State (Connecticut State Special Transportation Fund), Special Tax Obligation Bonds Transportation Infrastructure <br> Purposes (Series 2018B), 5.000%, 10/1/2033<br>| &nbsp;&nbsp; 798439 |
| &nbsp;&nbsp; 735000 | Connecticut State (Connecticut State Special Transportation Fund), Special Tax Obligation Bonds Transportation Infrastructure <br> Purposes (Series 2022A), (United States Treasury PRF), 5.000%, 7/1/2030<br>| &nbsp;&nbsp; 818582 |
| &nbsp;&nbsp; 265000 | Connecticut State (Connecticut State Special Transportation Fund), Special Tax Obligation Bonds Transportation Infrastructure <br> Purposes (Series 2022A), 5.000%, 7/1/2030<br>| &nbsp;&nbsp; 295948 |
| &nbsp;&nbsp; 1000000 | Connecticut State (Connecticut State Special Transportation Fund), Special Tax Obligation Bonds Transportation Infrastructure <br> Purposes (Series 2025A), 5.000%, 7/1/2044<br>| &nbsp;&nbsp; 1116981 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Connecticut—continued** |  |
| $1250000 | Connecticut State, UT GO Bonds (Series 2022B), 4.000%, 1/15/2038 | &nbsp;&nbsp; $1308031 |
| &nbsp;&nbsp; 1000000 | Stamford, CT Housing Authority (Mozaic Concierge Living), Entrance Fee Principal Redemption Bonds (Series 2025C), <br> 4.750%, 10/1/2032<br>| &nbsp;&nbsp; 1054176 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5392157 |
|  | **Delaware—0.3%** |  |
| &nbsp;&nbsp; 500000 | Delaware EDA (NRG Energy, Inc.), Refunding Revenue Bonds (Series 2020A), (NRG Energy, Inc. GTD), 4.000%, Mandatory <br> Tender 10/1/2035<br>| &nbsp;&nbsp; 515859 |
|  | **District of Columbia—1.8%** |  |
| &nbsp;&nbsp; 550000 | District of Columbia (Friendship Public Charter School, Inc.), Revenue Bonds (Series 2016A), 5.000%, 6/1/2036 | &nbsp;&nbsp; 551363 |
| &nbsp;&nbsp; 750000 | District of Columbia Water & Sewer Authority, Public Utility Subordinate Lien Revenue Refunding Bonds (Series 2024A), <br> 5.000%, 10/1/2027<br>| &nbsp;&nbsp; 784284 |
| &nbsp;&nbsp; 2195000 | District of Columbia, UT GO Bonds (Series 2021D), 4.000%, 2/1/2037 | &nbsp;&nbsp; 2299600 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3635247 |
|  | **Florida—5.6%** |  |
| &nbsp;&nbsp; 315000 | Atlantic Beach, FL Health Care Facilities (Fleet Landing Project, FL), Revenue & Refunding Bonds (Series 2013A), <br> 5.000%, 11/15/2028<br>| &nbsp;&nbsp; 315410 |
| &nbsp;&nbsp; 1100000 | Atlantic Beach, FL Health Care Facilities (Fleet Landing Project, FL), Revenue Bonds (Series 2018A), 5.000%, 11/15/2038 | &nbsp;&nbsp; 1128264 |
| &nbsp;&nbsp; 470000 | Broward County, FL Port Facilities, Revenue Bonds (Series 2022), (Assured Guaranty, Inc. INS), 5.000%, 9/1/2037 | &nbsp;&nbsp; 508867 |
| &nbsp;&nbsp; 1500000 | Central Florida Expressway Authority, Senior Lien Revenue Refunding Bonds (Series 2016B), 4.000%, 7/1/2030 | &nbsp;&nbsp; 1506805 |
| &nbsp;&nbsp; 1245000 | Collier County, FL IDA (NCH Healthcare System, Inc.), Revenue Bonds (Series 2024B), (Assured Guaranty, Inc. INS), 5.000%, <br> Mandatory Tender 10/1/2029<br>| &nbsp;&nbsp; 1333206 |
| &nbsp;&nbsp; 335000 | Florida Development Finance Corp. (GFL Solid Waste Southeast LLC), Solid Waste Disposal Revenue Bonds (Series 2024A), <br> (GFL Environmental, Inc. GTD), 4.375%, Mandatory Tender 10/1/2031<br>| &nbsp;&nbsp; 340074 |
| &nbsp;&nbsp; 1250000 | Lakeland, FL (Lakeland Regional Health System), Hospital Revenue Refunding Bonds (Series 2024), 5.000%, 11/15/2037 | &nbsp;&nbsp; 1431328 |
| &nbsp;&nbsp; 500000 | Lakes of Sarasota CDD 2, Capital Improvement Revenue Bonds (Series 2025A), 4.500%, 5/1/2032 | &nbsp;&nbsp; 513284 |
| &nbsp;&nbsp; 235000 | Lakewood Ranch, FL Stewardship District (Taylor Ranch), Special Assessment Revenue Bonds (Series 2023), 6.125%, 5/1/2043 | &nbsp;&nbsp; 255643 |
| &nbsp;&nbsp; 750000 | Miami Beach, FL, Revenue Bonds (Series 2015), 5.000%, 9/1/2028 | &nbsp;&nbsp; 751527 |
| &nbsp;&nbsp; 500000 | Miami-Dade County, FL (Miami-Dade County, FL Water & Sewer), Water & Sewer System Revenue Refunding Bonds <br> (Series 2024B), 5.000%, 10/1/2041<br>| &nbsp;&nbsp; 562766 |
| &nbsp;&nbsp; 500000 | Miami-Dade County, FL Seaport Department, Seaport Revenue Refunding Bonds (Series 2022A), 5.000%, 10/1/2042 | &nbsp;&nbsp; 530237 |
| &nbsp;&nbsp; 1250000 | Orange County, FL, Health Facilities Authority (Orlando Health Obligated Group), Hospital Revenue Bonds (Series 2025A), <br> 5.000%, 10/1/2039<br>| &nbsp;&nbsp; 1419390 |
| &nbsp;&nbsp; 195000 | St. Johns County, FL IDA (Vicar's Landing), Senior Living Revenue Bonds (Series 2021A), 4.000%, 12/15/2030 | &nbsp;&nbsp; 197084 |
| &nbsp;&nbsp; 185000 | Venice, FL (Village on the Isle), Village on The Isle Project TEMPS-70 Retirement Community Revenue Improvement Bonds <br> (Series 2024B-2), 4.500%, 1/1/2030<br>| &nbsp;&nbsp; 185473 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10979358 |
|  | **Georgia—4.1%** |  |
| &nbsp;&nbsp; 1000000 | Atlanta, GA Department of Aviation, Airport General Revenue Bonds (Series 2022B), 5.000%, 7/1/2036 | &nbsp;&nbsp; 1110441 |
| &nbsp;&nbsp; 500000 | Atlanta, GA Development Authority (Westside Gulch Area Project (Spring Street Atlanta)), Senior Revenue Bonds <br> (Series 2024A-1), 5.000%, 4/1/2034<br>| &nbsp;&nbsp; 520770 |
| &nbsp;&nbsp; 500000 | Fulton County, GA Residential Care Facilities (Lenbrook Square Foundation, Inc.), Retirement Facility Refunding Revenue <br> Bonds (Series 2016), 5.000%, 7/1/2036<br>| &nbsp;&nbsp; 501045 |
| &nbsp;&nbsp; 1500000 | Georgia Ports Authority, Revenue Bonds (Series 2022), 5.000%, 7/1/2036 | &nbsp;&nbsp; 1707933 |
| &nbsp;&nbsp; 750000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2022B), (Citigroup, Inc. GTD), 5.000%, Mandatory <br> Tender 6/1/2029<br>| &nbsp;&nbsp; 794970 |
| &nbsp;&nbsp; 1000000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2023C), (Royal Bank of Canada GTD), 5.000%, <br> Mandatory Tender 9/1/2030<br>| &nbsp;&nbsp; 1079595 |
| &nbsp;&nbsp; 750000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2023D), (Citigroup, Inc. GTD), 5.000%, Mandatory <br> Tender 12/1/2030<br>| &nbsp;&nbsp; 805072 |
| &nbsp;&nbsp; 500000 | Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project J Revenue Refunding Bonds (Series 2023A), (Assured <br> Guaranty, Inc. GTD), 5.000%, 7/1/2048<br>| &nbsp;&nbsp; 520783 |
| &nbsp;&nbsp; 500000 | Rockdale County, GA Development Authority (Pratt Industries, Inc.), Revenue Refunding Bonds (Series 2018), <br> 4.000%, 1/1/2038<br>| &nbsp;&nbsp; 501652 |
| &nbsp;&nbsp; 600000 | Savannah-Georgia Convention Center Authority (Savannah-Georgia Convention Center Hotel), Convention Center Hotel First <br> Tier Revenue Bonds (Series 2025A), 5.250%, 6/1/2040<br>| &nbsp;&nbsp; 659054 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8201315 |

---

**2**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Guam—0.6%** |  |
| $1010000 | Guam Waterworks Authority, Water and Wastewater System Revenue Bonds (Series 2025A), 5.000%, 7/1/2038 | &nbsp;&nbsp; $1129369 |
|  | **Illinois—8.3%** |  |
| &nbsp;&nbsp; 250000 | Chicago, IL Board of Education, Dedicated Capital Improvement Tax Bonds (Series 2023), 5.250%, 4/1/2035 | &nbsp;&nbsp; 280419 |
| &nbsp;&nbsp; 500000 | Chicago, IL Board of Education, Dedicated Capital Improvement Tax Bonds (Series 2023), 5.250%, 4/1/2036 | &nbsp;&nbsp; 556919 |
| &nbsp;&nbsp; 300000 | Chicago, IL Board of Education, Dedicated Capital Improvement Tax Bonds (Series 2023), 5.250%, 4/1/2037 | &nbsp;&nbsp; 331696 |
| &nbsp;&nbsp; 1000000 | Chicago, IL Water Revenue, Second Lien Water Revenue Bonds (Series 2000), 5.000%, 11/1/2030 | &nbsp;&nbsp; 1017417 |
| &nbsp;&nbsp; 1000000 | Granite City, IL (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2002), 1.250%, 5/1/2027 | &nbsp;&nbsp; 972418 |
| &nbsp;&nbsp; 875000<br><sup>1</sup> <br>| Illinois Finance Authority (CenterPoint Joliet Terminal Railroad), Surface Freight Transfer Facilities Revenue Bonds <br> (Series 2017), (CenterPoint Properties Trust GTD), 4.800%, Mandatory Tender 7/2/2035<br>| &nbsp;&nbsp; 918573 |
| &nbsp;&nbsp; 125000<br><sup>2</sup> <br>| Illinois Finance Authority (Presbyterian Homes Obligated Group, IL), Revenue Bonds (Series 2021B) FRNs, 2.580% (SIFMA <br> 7-day +0.700%), Mandatory Tender 5/1/2026<br>| &nbsp;&nbsp; 124836 |
| &nbsp;&nbsp; 1500000 | Illinois State Toll Highway Authority, Toll Highway Senior Revenue Bonds (Series 2015A), 5.000%, 1/1/2036 | &nbsp;&nbsp; 1502670 |
| &nbsp;&nbsp; 750000 | Illinois State Toll Highway Authority, Toll Highway Senior Revenue Bonds (Series 2018A), 5.000%, 1/1/2031 | &nbsp;&nbsp; 806359 |
| &nbsp;&nbsp; 550000 | Illinois State, UT GO Bonds (Series 2017D), 5.000%, 11/1/2026 | &nbsp;&nbsp; 559495 |
| &nbsp;&nbsp; 450000 | Illinois State, UT GO Bonds (Series 2017D), 5.000%, 11/1/2028 | &nbsp;&nbsp; 468926 |
| &nbsp;&nbsp; 3100000 | Illinois State, UT GO Bonds (Series 2020B), (Original Issue Yield: 5.650%), 5.500%, 5/1/2030 | &nbsp;&nbsp; 3342232 |
| &nbsp;&nbsp; 1000000 | Illinois State, UT GO Bonds (Series 2022C), (Original Issue Yield: 5.210%), 5.000%, 10/1/2038 | &nbsp;&nbsp; 1093066 |
| &nbsp;&nbsp; 1000000 | Illinois State, UT GO Bonds (Series 2023B), 5.000%, 5/1/2037 | &nbsp;&nbsp; 1098339 |
| &nbsp;&nbsp; 1000000 | Illinois State, UT GO Bonds (Series 2023C), 5.000%, 12/1/2041 | &nbsp;&nbsp; 1075811 |
| &nbsp;&nbsp; 2105000 | Sales Tax Securitization Corp., IL, Second Lien Sales Tax Securitization Refunding Bonds (Series 2025A), 5.000%, 1/1/2041 | &nbsp;&nbsp; 2336830 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16486006 |
|  | **Indiana—3.1%** |  |
| &nbsp;&nbsp; 1000000 | Indiana Municipal Power Agency, Power Supply System Refunding Revenue Bonds (Series 2016A), 5.000%, 1/1/2033 | &nbsp;&nbsp; 1008835 |
| &nbsp;&nbsp; 415000<br><sup>2</sup> <br>| Indiana State Finance Authority (Deaconess Health System), Revenue Bonds (Series 2021B) FRNs, 2.180% (SIFMA 7-day <br> +0.300%), Mandatory Tender 3/1/2027<br>| &nbsp;&nbsp; 413436 |
| &nbsp;&nbsp; 1630000 | Indianapolis, IN Local Public Improvement Bond Bank (Indiana Convention Center Hotel), Senior Revenue Bonds <br> (Series 2023E), (Original Issue Yield: 5.610%), 5.500%, 3/1/2038<br>| &nbsp;&nbsp; 1798667 |
| &nbsp;&nbsp; 2000000 | Indianapolis, IN Local Public Improvement Bond Bank (Indianapolis, IN Airport Authority), Revenue Bonds (Series 2023I-2), <br> 5.000%, 1/1/2034<br>| &nbsp;&nbsp; 2261714 |
| &nbsp;&nbsp; 500000 | Purdue University, IN, Student Facilities System Revenue Bonds (Series 2025A), 5.000%, 7/1/2036 | &nbsp;&nbsp; 591435 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6074087 |
|  | **Iowa—0.6%** |  |
| &nbsp;&nbsp; 985000 | Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue Refunding Bonds (Series 2022), (United <br> States Treasury PRF 12/1/2032@100), 5.000%, Mandatory Tender 12/1/2042<br>| &nbsp;&nbsp; 1148853 |
|  | **Kentucky—1.1%** |  |
| &nbsp;&nbsp; 500000 | Kentucky Public Energy Authority, Gas Supply Revenue Bonds (Series 2019C), (Morgan Stanley GTD), 4.000%, Mandatory <br> Tender 2/1/2028<br>| &nbsp;&nbsp; 512161 |
| &nbsp;&nbsp; 350000<br><sup>2</sup> <br>| Kentucky Public Energy Authority, Gas Supply Revenue Bonds (Series 2022A-2) FRNs, (Morgan Stanley GTD), 3.659% (SOFR x <br> 0.67 +1.200%), Mandatory Tender 8/1/2030<br>| &nbsp;&nbsp; 351831 |
| &nbsp;&nbsp; 1000000 | Kentucky Public Energy Authority, Gas Supply Revenue Refunding Bonds (Series 2024B), (BP PLC GTD), 5.000%, Mandatory <br> Tender 8/1/2032<br>| &nbsp;&nbsp; 1090063 |
| &nbsp;&nbsp; 250000 | Trimble County, KY (Louisville Gas & Electric Co.), PCR Refunding Bonds (Series 2016A), 1.300%, Mandatory Tender 9/1/2027 | &nbsp;&nbsp; 243361 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2197416 |
|  | **Louisiana—0.8%** |  |
| &nbsp;&nbsp; 1000000 | Louisiana Stadium and Exposition District, Senior Revenue Bonds (Series 2023A), 5.000%, 7/1/2043 | &nbsp;&nbsp; 1073903 |
| &nbsp;&nbsp; 500000 | St. James Parish, LA (NuStar Logistics LP), Revenue Bonds (Series 2011), 3.700%, Mandatory Tender 6/1/2030 | &nbsp;&nbsp; 514375 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1588278 |
|  | **Maryland—1.5%** |  |
| &nbsp;&nbsp; 500000 | Anne Arundel County, MD, LT GO Bonds (Series 2018), 5.000%, 10/1/2034 | &nbsp;&nbsp; 520333 |
| &nbsp;&nbsp; 1000000 | Anne Arundel County, MD, LT GO Bonds (Series 2025), 5.000%, 10/1/2033 | &nbsp;&nbsp; 1185296 |
| &nbsp;&nbsp; 1245000 | Howard County, MD, UT GO Metropolitan District Project and Refunding Bonds (Series 2011B), 4.000%, 8/15/2038 | &nbsp;&nbsp; 1289960 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2995589 |

---

**3**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Massachusetts—2.1%** |  |
| $1000000 | Commonwealth of Massachusetts, Special Obligation Refunding Notes (Series 2010B), (Assured Guaranty, Inc. GTD), <br> 5.250%, 8/1/2028<br>| &nbsp;&nbsp; $1076257 |
| &nbsp;&nbsp; 1975000 | Commonwealth of Massachusetts, UT GO Consolidated Loan (Series 2018A), 5.000%, 1/1/2034 | &nbsp;&nbsp; 2075645 |
| &nbsp;&nbsp; 400000 | Massachusetts Development Finance Agency (Mass General Brigham), Revenue Bonds (Series 2017S), 5.000%, 7/1/2028 | &nbsp;&nbsp; 419386 |
| &nbsp;&nbsp; 500000 | Massachusetts School Building Authority, Subordinated Dedicated Sales Tax Refunding Bonds (Series 2025B), <br> 5.000%, 2/15/2038<br>| &nbsp;&nbsp; 591105 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4162393 |
|  | **Michigan—1.6%** |  |
| &nbsp;&nbsp; 1000000 | Kalamazoo, MI Economic Development Corp. (Lifecare, Inc. d/b/a Friendship Village), Limited Obligation Revenue Bonds <br> Temps-75 (Series 2026B-2), 4.250%, 8/15/2031<br>| &nbsp;&nbsp; 1003054 |
| &nbsp;&nbsp; 1000000 | Michigan State Finance Authority (Provident Group - HFH Energy LLC), Act 38 Facilities Senior Revenue Bonds (Series 2024), <br> 5.250%, 2/28/2041<br>| &nbsp;&nbsp; 1097699 |
| &nbsp;&nbsp; 500000 | Michigan State Hospital Finance Authority (Trinity Healthcare Credit Group), Revenue Refunding Bonds (Series 2008C), <br> 5.000%, 12/1/2030<br>| &nbsp;&nbsp; 523359 |
| &nbsp;&nbsp; 530000 | Richmond, MI Community Schools, UT GO School Building and Site Bonds (Series 2020-I), (Michigan School Bond <br> Qualification and Loan Program GTD), 5.000%, 5/1/2034<br>| &nbsp;&nbsp; 570423 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3194535 |
|  | **Missouri—0.5%** |  |
| &nbsp;&nbsp; 1020000 | Missouri State HEFA (BJC Health System, MO), Health Facilities Revenue Bonds (Series 2021A), 4.000%, 7/1/2033 | &nbsp;&nbsp; 1086164 |
|  | **New Hampshire—0.3%** |  |
| &nbsp;&nbsp; 488572 | National Finance Authority, NH, Municipal Certificates (Series 2024-1 Class A), (Original Issue Yield: 4.510%), <br> 4.250%, 7/20/2041<br>| &nbsp;&nbsp; 502077 |
|  | **New Jersey—3.2%** |  |
| &nbsp;&nbsp; 450000 | New Jersey EDA (New Jersey State), North Portal Bridge Project (Series 2022), 5.250%, 11/1/2041 | &nbsp;&nbsp; 500290 |
| &nbsp;&nbsp; 645000 | New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds (Series 2023RRR), 5.000%, 3/1/2028 | &nbsp;&nbsp; 680980 |
| &nbsp;&nbsp; 500000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation Program Bonds (Series 2022AA), <br> 5.000%, 6/15/2035<br>| &nbsp;&nbsp; 567101 |
| &nbsp;&nbsp; 1000000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation Program Bonds (Series 2023BB), <br> 5.000%, 6/15/2039<br>| &nbsp;&nbsp; 1126613 |
| &nbsp;&nbsp; 2000000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2018A), <br> 4.000%, 12/15/2031<br>| &nbsp;&nbsp; 2079073 |
| &nbsp;&nbsp; 500000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2019A), <br> 5.000%, 12/15/2028<br>| &nbsp;&nbsp; 537843 |
| &nbsp;&nbsp; 300000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2022CC), <br> 5.250%, 6/15/2041<br>| &nbsp;&nbsp; 334744 |
| &nbsp;&nbsp; 350000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2023AA), <br> 5.000%, 6/15/2036<br>| &nbsp;&nbsp; 400579 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6227223 |
|  | **New York—9.1%** |  |
| &nbsp;&nbsp; 500000 | Build NYC Resource Corporation (KIPP NYC Canal West), Revenue Bonds (Series 2022), 5.000%, 7/1/2042 | &nbsp;&nbsp; 520450 |
| &nbsp;&nbsp; 500000 | Hudson Yards, NY Infrastructure Corp., Second Indenture Revenue Bonds (Series 2017A), 5.000%, 2/15/2039 | &nbsp;&nbsp; 511081 |
| &nbsp;&nbsp; 400000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Transportation Revenue Refunding Bonds <br> (Series 2025B), 5.000%, 11/15/2042<br>| &nbsp;&nbsp; 443350 |
| &nbsp;&nbsp; 500000 | New York City, NY Transitional Finance Authority, Building Aid Revenue Bonds (Series 2019S-1), 5.000%, 7/15/2037 | &nbsp;&nbsp; 527046 |
| &nbsp;&nbsp; 1000000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2022F-1), 5.000%, 2/1/2040 | &nbsp;&nbsp; 1105082 |
| &nbsp;&nbsp; 375000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2023E-1), 5.000%, 11/1/2037 | &nbsp;&nbsp; 424529 |
| &nbsp;&nbsp; 1500000 | New York City, NY, UT GO Bonds (Series 2025F), 5.000%, 8/1/2036 | &nbsp;&nbsp; 1756629 |
| &nbsp;&nbsp; 2175000 | New York State Dormitory Authority (New York School Districts Revenue Bond Financing Program), School Districts Revenue <br> Bond Financing Program (Series 2023A), (Assured Guaranty, Inc. INS), 5.000%, 10/1/2035<br>| &nbsp;&nbsp; 2448303 |
| &nbsp;&nbsp; 500000 | New York State Dormitory Authority (New York State Sales Tax Revenue Bond Fund), Revenue Bonds (Series 2018A), <br> 5.000%, 3/15/2033<br>| &nbsp;&nbsp; 528264 |
| &nbsp;&nbsp; 500000 | New York State Dormitory Authority (New York State Sales Tax Revenue Bond Fund), Revenue Bonds (Series 2018C), <br> 5.000%, 3/15/2038<br>| &nbsp;&nbsp; 523324 |
| &nbsp;&nbsp; 1500000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), Revenue bonds <br> (Series 2020E), 4.000%, 3/15/2044<br>| &nbsp;&nbsp; 1485331 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **New York—continued** |  |
| $335000 | New York Transportation Development Corporation (American Airlines, Inc.), Special Facilities Revenue Refunding Bonds <br> (Series 2021), 3.000%, 8/1/2031<br>| &nbsp;&nbsp; $323037 |
| &nbsp;&nbsp; 750000 | New York Transportation Development Corporation (Delta Air Lines, Inc.), LaGuardia Airport Terminals Special Facilities <br> Revenue Bonds (Series 2023), 6.000%, 4/1/2035<br>| &nbsp;&nbsp; 836924 |
| &nbsp;&nbsp; 250000 | New York Transportation Development Corporation (JFK International Airport New Terminal One Project), Special Facilities <br> Revenue Bonds (Series 2023), 5.500%, 6/30/2038<br>| &nbsp;&nbsp; 271918 |
| &nbsp;&nbsp; 250000 | New York Transportation Development Corporation (JFK International Airport New Terminal One Project), Special Facilities <br> Revenue Bonds (Series 2025), 6.000%, 6/30/2044<br>| &nbsp;&nbsp; 279975 |
| &nbsp;&nbsp; 1500000 | Port Authority of New York and New Jersey, Consolidated Bonds (Series 2019-218), 4.000%, 11/1/2034 | &nbsp;&nbsp; 1546214 |
| &nbsp;&nbsp; 1000000 | Suffolk County, NY Off-Track Betting Corp., Revenue Bonds (Series 2024), (Original Issue Yield: 5.076%), 5.000%, 12/1/2034 | &nbsp;&nbsp; 1041400 |
| &nbsp;&nbsp; 1000000 | Triborough Bridge & Tunnel Authority, NY (Metropolitan Transportation Authority Payroll Mobility Tax Revenue), MTA Bridges <br> and Tunnels Payroll Mobility Tax Senior Lien Refunding Bonds (Series 2023A), 4.000%, 11/15/2035<br>| &nbsp;&nbsp; 1080925 |
| &nbsp;&nbsp; 500000 | Triborough Bridge & Tunnel Authority, NY, MTA Bridges and Tunnels General Revenue Bonds (Series 2018C), <br> 5.000%, 11/15/2035<br>| &nbsp;&nbsp; 533417 |
| &nbsp;&nbsp; 500000 | Triborough Bridge & Tunnel Authority, NY, MTA Bridges and Tunnels General Revenue Bonds (Series 2025A-1), <br> 5.000%, 11/15/2040<br>| &nbsp;&nbsp; 570829 |
| &nbsp;&nbsp; 1000000 | Utility Debt Securitization Authority, NY, Restructuring Bonds (Series 2022TE-1), 5.000%, 12/15/2039 | &nbsp;&nbsp; 1131569 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 17889597 |
|  | **North Carolina—1.4%** |  |
| &nbsp;&nbsp; 2600000 | North Carolina State, LT GO Bonds (Series 2025A), 4.000%, 5/1/2040 | &nbsp;&nbsp; 2741526 |
|  | **Ohio—3.1%** |  |
| &nbsp;&nbsp; 1500000 | Columbus, OH, UT GO Bonds (Series 2018A), 5.000%, 4/1/2033 | &nbsp;&nbsp; 1602598 |
| &nbsp;&nbsp; 500000 | Hamilton County, OH (Life Enriching Communities), Healthcare Revenue Bonds (Series 2023A), 5.500%, 1/1/2043 | &nbsp;&nbsp; 530950 |
| &nbsp;&nbsp; 500000 | Ohio Air Quality Development Authority (American Electric Power Co., Inc.), Air Quality Revenue Bonds (Series 2007B), <br> 2.500%, Mandatory Tender 10/1/2029<br>| &nbsp;&nbsp; 484245 |
| &nbsp;&nbsp; 570000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), Hospital Revenue Refunding Bonds (Series 2017A), <br> 5.000%, 1/1/2033<br>| &nbsp;&nbsp; 596442 |
| &nbsp;&nbsp; 1000000 | Ohio State University, Unrefunded (Series 2010D), 5.000%, 12/1/2029 | &nbsp;&nbsp; 1102144 |
| &nbsp;&nbsp; 1500000 | Ohio State Water Development Authority, Drinking Water Assistance Fund Revenue Bonds (Series 2025A), 5.000%, 12/1/2039 | &nbsp;&nbsp; 1742553 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6058932 |
|  | **Oklahoma—0.2%** |  |
| &nbsp;&nbsp; 435000 | Oklahoma Housing Finance Agency, Single Family Mortgage Revenue Bonds (Series 2012A), (GNMA Collateralized Home <br> Mortgage Program INS), 5.000%, 9/1/2027<br>| &nbsp;&nbsp; 435238 |
|  | **Oregon—0.6%** |  |
| &nbsp;&nbsp; 1000000 | Oregon State, UT GO Bonds (Series 2025A), 5.000%, 5/1/2038 | &nbsp;&nbsp; 1174193 |
|  | **Pennsylvania—4.2%** |  |
| &nbsp;&nbsp; 1160000 | Adam County, PA General Authority (Cross Keys Village - Brethren Home Community), Entrance Fee Redemption Bonds <br> (Series 2024B-2), 3.600%, 6/1/2029<br>| &nbsp;&nbsp; 1173903 |
| &nbsp;&nbsp; 1500000 | Allegheny County, PA Hospital Development Authority (Allegheny Health Network Obligated Group), Revenue Bonds <br> (Series 2018A), 4.000%, 4/1/2038<br>| &nbsp;&nbsp; 1506550 |
| &nbsp;&nbsp; 825000 | Luzerne County, PA, UT GO GTD Bonds (Series 2017A), (Assured Guaranty, Inc. INS), 5.000%, 12/15/2029 | &nbsp;&nbsp; 865824 |
| &nbsp;&nbsp; 1275000 | Monroeville, PA Finance Authority (UPMC Health System), Revenue Bonds (Series 2012), 5.000%, 2/15/2027 | &nbsp;&nbsp; 1305915 |
| &nbsp;&nbsp; 1000000 | Pennsylvania Economic Development Financing Authority (The Penndot Major Bridges Package One Project), Revenue Bonds <br> (Series 2022), 5.500%, 6/30/2041<br>| &nbsp;&nbsp; 1091996 |
| &nbsp;&nbsp; 1325000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2018A-2), 5.000%, 12/1/2038 | &nbsp;&nbsp; 1400961 |
| &nbsp;&nbsp; 1000000 | Philadelphia, PA (Philadelphia, PA Division of Aviation), Airport Revenue and Refunding Bonds (Series 2017B), <br> 5.000%, 7/1/2034<br>| &nbsp;&nbsp; 1026943 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8372092 |
|  | **Puerto Rico—1.9%** |  |
| &nbsp;&nbsp; 1157143 | Commonwealth of Puerto Rico, GO CVI Bonds, 0.000%, 11/1/2043 | &nbsp;&nbsp; 789750 |
| &nbsp;&nbsp; 2000000 | Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-2), 4.329%, 7/1/2040 | &nbsp;&nbsp; 2003476 |
| &nbsp;&nbsp; 1043000 | Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-2A), 4.550%, 7/1/2040 | &nbsp;&nbsp; 1049644 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3842870 |

---

**5**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **South Carolina—0.3%** |  |
| $150000<br><sup>1</sup> <br>| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-50 (Series 2023B-2), <br> 5.250%, 11/15/2028<br>| &nbsp;&nbsp; $150189 |
| &nbsp;&nbsp; 350000<br><sup>1</sup> <br>| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-75 (Series 2023B-1), <br> 5.750%, 11/15/2029<br>| &nbsp;&nbsp; 350168 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500357 |
|  | **Tennessee—1.6%** |  |
| &nbsp;&nbsp; 700000 | Metropolitan Government Nashville & Davidson County, TN, UT GO Improvement Bonds (Series 2018), 5.000%, 7/1/2031 | &nbsp;&nbsp; 744649 |
| &nbsp;&nbsp; 750000 | Metropolitan Government of Nashville & Davidson County, TN Health & Educational Facilities Board (Vanderbilt University <br> Medical Center), Revenue Bonds (Series 2016A), 5.000%, 7/1/2031<br>| &nbsp;&nbsp; 756085 |
| &nbsp;&nbsp; 500000 | Metropolitan Nashville, TN Airport Authority, Airport Improvement Revenue Bonds (Series 2026B), 5.000%, 7/1/2037 | &nbsp;&nbsp; 575992 |
| &nbsp;&nbsp; 1000000 | Tennessee Energy Acquisition Corp., Gas Project Revenue Bonds (Series 2026A), (Massachusetts Mutual Life Insurance Co. <br> GTD), 5.000%, 11/1/2034<br>| &nbsp;&nbsp; 1107643 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3184369 |
|  | **Texas—11.3%** |  |
| &nbsp;&nbsp; 1000000 | Clifton, TX Higher Education Finance Corp. (Idea Public Schools), Education Revenue and Refunding (Series 2025), (Texas <br> Permanent School Fund Guarantee Program GTD), 5.000%, 8/15/2034<br>| &nbsp;&nbsp; 1162773 |
| &nbsp;&nbsp; 1000000 | Dallas-Fort Worth, TX (Dallas-Fort Worth, TX International Airport), Joint Revenue Refunding Bonds (Series 2025A-1), <br> 5.250%, 11/1/2045<br>| &nbsp;&nbsp; 1078551 |
| &nbsp;&nbsp; 1000000 | Dallas-Fort Worth, TX International Airport, Joint Revenue Refunding Bonds (Series 2022B), 5.000%, 11/1/2037 | &nbsp;&nbsp; 1123599 |
| &nbsp;&nbsp; 1000000 | Denton, TX Independent School District, UT GO School Building Bonds (Series 2023), (Texas Permanent School Fund <br> Guarantee Program GTD), 5.000%, 8/15/2037<br>| &nbsp;&nbsp; 1142870 |
| &nbsp;&nbsp; 750000 | Eagle Mountain-Saginaw, TX Independent School District, UT GO School Building Bonds (Series 2025), (Texas Permanent <br> School Fund Guarantee Program GTD), 5.000%, 8/15/2040<br>| &nbsp;&nbsp; 855472 |
| &nbsp;&nbsp; 1500000 | Hays, TX Consolidated Independent School District, UT GO School Building Bonds (Series 2021), (Texas Permanent School <br> Fund Guarantee Program GTD), 4.000%, 2/15/2030<br>| &nbsp;&nbsp; 1570188 |
| &nbsp;&nbsp; 1750000 | Killeen, TX Independent School District, UT GO School Building Bonds (Series 2018), (Texas Permanent School Fund <br> Guarantee Program GTD), 5.000%, 2/15/2031<br>| &nbsp;&nbsp; 1840807 |
| &nbsp;&nbsp; 1400000 | Liberty Hill, TX Independent School District, UT GO School Building and Refunding Bonds (Series 2022A), (Texas Permanent <br> School Fund Guarantee Program GTD), 5.000%, 2/1/2041<br>| &nbsp;&nbsp; 1520500 |
| &nbsp;&nbsp; 1000000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding and Improvement <br> Revenue Bonds (Series 2025A), (Build America Mutual Assurance INS), 5.000%, 5/15/2041<br>| &nbsp;&nbsp; 1130236 |
| &nbsp;&nbsp; 1000000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds <br> (Series 2024), (Assured Guaranty, Inc. INS), 5.000%, 5/15/2037<br>| &nbsp;&nbsp; 1135173 |
| &nbsp;&nbsp; 1200000 | Matagorda County, TX Navigation District No. 1 (AEP Texas, Inc.), Pollution Control Revenue Refunding Bonds <br> (Series 2001A), 2.600%, 11/1/2029<br>| &nbsp;&nbsp; 1183595 |
| &nbsp;&nbsp; 500000 | San Antonio, TX Electric & Gas System (CPS Energy), Revenue Bonds (Series 2024A), 5.000%, 2/1/2039 | &nbsp;&nbsp; 568759 |
| &nbsp;&nbsp; 1000000 | Texas Municipal Gas Acquisition & Supply Corp. III, Gas Supply Revenue Refunding Bonds (Series 2021), (Macquarie Group <br> Ltd. GTD), 5.000%, 12/15/2032<br>| &nbsp;&nbsp; 1097589 |
| &nbsp;&nbsp; 1500000 | Texas Private Activity Bonds Surface Transportation Corporation (NTE Mobility Partners Segments 3, LLC), Senior Lien <br> Revenue Refunding Bonds (Series 2023), 5.000%, 12/31/2033<br>| &nbsp;&nbsp; 1603677 |
| &nbsp;&nbsp; 2000000 | Texas State Transportation Commission (Central Texas Turnpike System), Second Tier Revenue Refunding Bonds <br> (Series 2024-C), 5.000%, 8/15/2035<br>| &nbsp;&nbsp; 2321463 |
| &nbsp;&nbsp; 1000000 | Texas State, UT GO Water Financial Assistance Bonds (Series 2022A), 5.000%, 8/1/2036 | &nbsp;&nbsp; 1116384 |
| &nbsp;&nbsp; 1000000 | Texas Transportation Commission State Highway Fund (Texas State), Mobility Fund and Refunding Bonds (Series 2025), <br> 5.000%, 10/1/2041<br>| &nbsp;&nbsp; 1140785 |
| &nbsp;&nbsp; 750000 | Texas Water Development Board (Texas State Water Implementation Revenue Fund), Revenue Bonds (Series 2025), <br> 4.500%, 10/15/2043<br>| &nbsp;&nbsp; 797183 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 22389604 |
|  | **Utah—3.3%** |  |
| &nbsp;&nbsp; 500000 | Downtown Revitalization Public Infrastructure District, UT, SEG Redevelopment Project First Lien Sales Tax Revenue Bonds <br> (Series 2025A), (Assured Guaranty, Inc. INS), 5.000%, 6/1/2033<br>| &nbsp;&nbsp; 580264 |
| &nbsp;&nbsp; 2500000 | Salt Lake City, UT Department of Airports, Airport Revenue Bonds (Series 2025A), 5.000%, 7/1/2039 | &nbsp;&nbsp; 2808113 |
| &nbsp;&nbsp; 2000000 | Utah State Board of Higher Education (University of Utah), General Revenue and Refunding Bonds (Series 2024A), <br> 5.000%, 8/1/2040<br>| &nbsp;&nbsp; 2268730 |
| &nbsp;&nbsp; 750000 | Utah State Transit Authority, Sales Tax Revenue and Refunding Bonds (Series 2025), 5.000%, 12/15/2032 | &nbsp;&nbsp; 875872 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6532979 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Vermont—0.3%** |  |
| $500000<br><sup>1</sup> <br>| Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series 2022a-2), 4.375%, Mandatory <br> Tender 6/1/2032<br>| &nbsp;&nbsp; $514885 |
|  | **Virginia—4.9%** |  |
| &nbsp;&nbsp; 2000000 | Fairfax County, VA, UT GO Bonds (Series 2018A), 4.000%, 10/1/2035 | &nbsp;&nbsp; 2053649 |
| &nbsp;&nbsp; 1500000 | Fairfax County, VA, UT GO Bonds (Series 2023A), 4.000%, 10/1/2041 | &nbsp;&nbsp; 1551964 |
| &nbsp;&nbsp; 1000000 | Virginia Beach, VA Development Authority (Westminster-Canterbury on Chesapeake Bay), Residential Care Facility Revenue <br> Bonds TEMPS-80 (Series 2023B-1), 6.250%, 9/1/2030<br>| &nbsp;&nbsp; 1010226 |
| &nbsp;&nbsp; 1675000 | Virginia Commonwealth Transportation Board (Virginia Commonwealth), Transportation Capital Projects Revenue Refunding <br> Bonds (Series 2017A), 4.000%, 5/15/2036<br>| &nbsp;&nbsp; 1703871 |
| &nbsp;&nbsp; 1585000 | Virginia Small Business Financing Authority (95 Express Lanes LLC), Senior Lien Revenue Refunding Bonds (Series 2022), <br> 5.000%, 7/1/2034<br>| &nbsp;&nbsp; 1727866 |
| &nbsp;&nbsp; 130000 | Virginia Small Business Financing Authority (Reworld Holding Corp.), Solid Waste Disposal Revenue Bonds (Series 2018), <br> 5.000%, Mandatory Tender 7/1/2038<br>| &nbsp;&nbsp; 127673 |
| &nbsp;&nbsp; 1500000 | Virginia State Public School Authority, School Financing Bonds (Series 2025A), 4.000%, 8/1/2040 | &nbsp;&nbsp; 1577032 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9752281 |
|  | **Washington—4.7%** |  |
| &nbsp;&nbsp; 1155000 | King County, WA, Limited Tax General Obligation Bonds (Series 2019B), 5.000%, 7/1/2036 | &nbsp;&nbsp; 1245299 |
| &nbsp;&nbsp; 2000000 | King County, WA, LT GO Sewer Revenue Refunding Bonds (Series 2024A), 5.000%, 7/1/2038 | &nbsp;&nbsp; 2314540 |
| &nbsp;&nbsp; 1000000 | Port of Seattle, WA Revenue, Intermediate Lein Revenue Bonds (Series 2025B), 5.000%, 10/1/2038 | &nbsp;&nbsp; 1133847 |
| &nbsp;&nbsp; 1000000 | Washington State Health Care Facilities Authority (CommonSpirit Health), Revenue Refunding Bonds (Series 2019A-2), <br> 5.000%, 8/1/2044<br>| &nbsp;&nbsp; 1028154 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Washington State Housing Finance Commission (Horizon House Project), Temps-65 Nonprofit Housing Revenue and <br> Refunding Revenue Bonds, 4.500%, 1/1/2034<br>| &nbsp;&nbsp; 1003741 |
| &nbsp;&nbsp; 785000<br><sup>1</sup> <br>| Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue & <br> Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2032<br>| &nbsp;&nbsp; 807768 |
| &nbsp;&nbsp; 815418 | Washington State Housing Finance Commission, Municipal Certificates (Series 2023-1 Class A), (Original Issue Yield: 5.067%), <br> 3.375%, 4/20/2037<br>| &nbsp;&nbsp; 788333 |
| &nbsp;&nbsp; 1000000 | Washington State, UT GO Bonds (Series 2021C), 4.000%, 8/1/2035 | &nbsp;&nbsp; 1061510 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9383192 |
|  | **Wisconsin—0.8%** |  |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%, 12/1/2042 | &nbsp;&nbsp; 523154 |
| &nbsp;&nbsp; 1000000 | Public Finance Authority, WI Revenue (Puerto Rico Toll Roads Monetization Project), Seniro Lien Revenue Bonds (Series 2024), <br> 5.500%, 7/1/2044<br>| &nbsp;&nbsp; 1057057 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1580211 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MUNICIPAL BONDS <br>(IDENTIFIED COST $185,186,792)<br>| &nbsp;&nbsp; 191788187 |
| <sup>2</sup> <br>| SHORT-TERM MUNICIPALS—2.2% |  |
|  | **Alabama—0.4%** |  |
| &nbsp;&nbsp; 300000 | Columbia, AL IDB PCRB (Alabama Power Co.), (Series 2014-B) Daily VRDNs, 2.100%, 3/2/2026 | &nbsp;&nbsp; 300000 |
| &nbsp;&nbsp; 450000 | Mobile, AL IDB (Alabama Power Co.), (Series 2001-B) Daily VRDNs, 2.050%, 3/2/2026 | &nbsp;&nbsp; 450000 |
| &nbsp;&nbsp; 100000 | West Jefferson, AL IDB Solid Waste Disposal (Alabama Power Co.), (Series 2008) Daily VRDNs, 2.050%, 3/2/2026 | &nbsp;&nbsp; 100000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 |
|  | **Florida—0.3%** |  |
| &nbsp;&nbsp; 500000 | Hillsborough County, FL IDA (BayCare Obligated Group), (Series 2020B) Daily VRDNs, (TD Bank, N.A. LOC), 1.900%, 3/2/2026 | &nbsp;&nbsp; 500000 |
|  | **Idaho—0.3%** |  |
| &nbsp;&nbsp; 500000 | Idaho Health Facilities Authority (St. Luke's Health System), (Series 2025D) Daily VRDNs, (TD Bank, N.A. LOC), <br> 1.900%, 3/2/2026<br>| &nbsp;&nbsp; 500000 |
|  | **Multi State—0.2%** |  |
| &nbsp;&nbsp; 400000 | Invesco Municipal Opportunity Trust, PUTTERs 3a-7 (VMTP 5029) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), <br> 2.270%, 3/2/2026<br>| &nbsp;&nbsp; 400000 |
|  | **New York—0.3%** |  |
| &nbsp;&nbsp; 600000 | New York City, NY Transitional Finance Authority, (Series 2025 H-2) Daily VRDNs, (TD Bank, N.A. LIQ), 1.900%, 3/2/2026 | &nbsp;&nbsp; 600000 |
|  | **Ohio—0.2%** |  |
| &nbsp;&nbsp; 350000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2013B-2) Daily VRDNs, (TD Bank, N.A. LIQ), <br> 1.900%, 3/2/2026<br>| &nbsp;&nbsp; 350000 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| <sup>2</sup> <br>| SHORT-TERM MUNICIPALS—continued |  |
|  | **Pennsylvania—0.5%** |  |
| $1050000 | Delaware County, PA IDA (United Parcel Service, Inc.), (Series 2015) Daily VRDNs, (United Parcel Service, Inc. GTD), <br> 2.000%, 3/2/2026<br>| &nbsp;&nbsp; $1050000 |
|  | **Texas—0.0%** |  |
| &nbsp;&nbsp; 100000 | New Hope Cultural Education Facilities Finance Corporation (Children's Health System of Texas), (Series 2025B) Daily VRDNs, <br> (Bank of America N.A. LIQ), 1.950%, 3/2/2026<br>| &nbsp;&nbsp; 100000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM MUNICIPALS <br>(IDENTIFIED COST $4,350,000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4350000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.2% <br>(IDENTIFIED COST $189,536,792)<br>| &nbsp;&nbsp; 196138187 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.8%<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1531605 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $197669792 |

---

Securities that are subject to the federal alternative minimum tax (AMT) represent 14.7% of the Fund's portfolio as calculated based upon total market value.

---

| | |
|:---|:---|
| 1 | *Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under* <br> *the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At February 28, 2026, these restricted securities amounted to $5,374,832,* <br> *which represented 2.7% of net assets.*<br>|

---

Additional information on restricted securities held at February 28, 2026, is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Illinois Finance Authority (CenterPoint Joliet Terminal Railroad), Surface Freight Transfer Facilities Revenue Bonds <br> (Series 2017), (CenterPoint Properties Trust GTD), 4.800%, Mandatory Tender 7/2/2035<br>| &nbsp;&nbsp; 6/25/2025 | &nbsp;&nbsp; $875000 | &nbsp;&nbsp; $918573 |
| Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series 2022A), 6.750%, 11/15/2042 | &nbsp;&nbsp; 10/6/2022 | &nbsp;&nbsp; $376955 | &nbsp;&nbsp; $410306 |
| Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%, 12/1/2042 | &nbsp;&nbsp;&nbsp; 2/2/2023 | &nbsp;&nbsp; $500000 | &nbsp;&nbsp; $523154 |
| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-50 <br> (Series 2023B-2), 5.250%, 11/15/2028<br>| &nbsp;&nbsp; 7/21/2023 | &nbsp;&nbsp; $150000 | &nbsp;&nbsp; $150189 |
| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-75 <br> (Series 2023B-1), 5.750%, 11/15/2029<br>| &nbsp;&nbsp; 7/21/2023 | &nbsp;&nbsp; $338665 | &nbsp;&nbsp; $350168 |
| The IDA of Baldwin County (Novelis Corporation), Solid Waste Disposal Revenue Bonds (Series 2025A), (Novelis <br> Corporation GTD), 5.000%, Mandatory Tender 6/1/2032<br>| &nbsp;&nbsp;&nbsp; 6/6/2025 | &nbsp;&nbsp; $665000 | &nbsp;&nbsp; $696048 |
| Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series 2022a-2), 4.375%, <br> Mandatory Tender 6/1/2032<br>| &nbsp;&nbsp;&nbsp; 3/7/2025 | &nbsp;&nbsp; $500000 | &nbsp;&nbsp; $514885 |
| Washington State Housing Finance Commission (Horizon House Project), Temps-65 Nonprofit Housing Revenue <br> and Refunding Revenue Bonds, 4.500%, 1/1/2034<br>| &nbsp;&nbsp; 11/13/2025 | &nbsp;&nbsp; $1000000 | &nbsp;&nbsp; $1003741 |
| Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue <br> & Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2032<br>| &nbsp;&nbsp; 1/14/2021 | &nbsp;&nbsp; $807291 | &nbsp;&nbsp; $807768 |

---

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

---

| | |
|:---|:---|
| 2 | *Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are* <br> *not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do* <br> *not indicate a reference rate and spread in their description above.*<br>|
| 3 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at February 28, 2026.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and

**8**

------

duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

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

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

**9**

------

As of February 28, 2026, all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| CDD | —Community Development District |
| CVI | —Contingent-Value Instruments |
| EDA | —Economic Development Authority |
| FRNs | —Floating Rate Notes |
| GNMA | —Government National Mortgage Association |
| GO | —General Obligation |
| GTD | —Guaranteed |
| HEFA | —Health and Education Facilities Authority |
| IDA | —Industrial Development Authority |
| IDB | —Industrial Development Bond |
| INS | —Insured |
| LIQ | —Liquidity Agreement |
| LOC | —Letter of Credit |
| LP | —Limited Partnership |
| LT | —Limited Tax |
| PCR | —Pollution Control Revenue |
| PCRB | —Pollution Control Revenue Bond(s) |
| PRF | —Pre-refunded |
| PUTTERs | —Puttable Tax-Exempt Receipts |
| SEG | —Smith Entertainment Group |
| SIFMA | —Securities Industry and Financial Markets Association |
| SOFR | —Secured Overnight Financing Rate |
| TEMPS | —Tax Exempt Mandatory Paydown Securities |
| UT | —Unlimited Tax |
| VMTP | —Variable Municipal Term Preferred |
| VRDNs | —Variable Rate Demand Notes |

---

**10**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Intermediate Municipal Trust

- **b. Investment Company Act file number:** 811-04314

- **c. CIK number of Registrant:** 0000770116

- **d. LEI of Registrant:** CZSCTNDUYMKPRHCS3637

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Intermediate Municipal Fund

- **b. EDGAR series identifier (if any):** S000009084

- **c. LEI of Series:** 254900IO6D0G5UCELV71

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $198263261.47

**Total Liabilities:** $593469.45

**Net Assets:** $197669792.02

**Cash Not Reported:** $48994.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -374.560293800000 | **1-Year:** -8578.960645900000 | **5-Year:** -31361.156099400000 | **10-Year:** -49852.786231600000 | **30-Year:** -4635.247495800000

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

- **3-Month:** -95.412413000000 | **1-Year:** -1440.799274700000 | **5-Year:** -3845.442570900000 | **10-Year:** -3737.340961500000 | **30-Year:** -575.566759400000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024675 | 0.38%                | 0.99%                | 1.06%                |
| Class ID C000024676 | 0.36%                | 0.86%                | 1.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-58848.10               | $161805.62                                 |
| Month 2  | $155.25                  | $1367183.81                                |
| Month 3  | $155.97                  | $1569290.15                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW JERSEY ST TRANSN TR FD AUTH                                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CDK1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    350000 | PA      | $400578.96    | 0.20%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                       | Ohio Air Quality Development Authority                                           | CUSIP: 677525WF0<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484245.00    | 0.24%             | 2042-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                                    | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602RNA9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $570828.85    | 0.29%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND MICH CMNTY SCHS                                           | Richmond Community Schools/MI                                                    | CUSIP: 765177CS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $570423.37    | 0.29%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FLA                                                    | CITY OF MIAMI BEACH FL                                                           | CUSIP: 593238BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751527.38    | 0.38%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                                | Public Finance Authority                                                         | CUSIP: 74442PF59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057057.10   | 0.53%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OHIO                                                      | City of Columbus OH                                                              | CUSIP: 199492WD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602597.75   | 0.81%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKDALE CNTY GA DEV AUTH                                          | ROCKDALE COUNTY DEVELOPMENT AUTHORITY                                            | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501652.45    | 0.25%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUB INFRASTRUCTURE DIST UTAH               | Downtown Revitalization Public Infrastructure District                           | CUSIP: 26118TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $580264.30    | 0.29%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461364C2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2079072.80   | 1.05%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH                                         | Virginia Beach Development Authority                                             | CUSIP: 92774NBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010225.80   | 0.51%             | 2030-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                      | State of California                                                              | CUSIP: 13063DJ41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550370.00   | 0.78%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                | Port Authority of New York & New Jersey                                          | CUSIP: 73358W3T9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546214.10   | 0.78%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC BEACH FLA                                                 | City of Atlantic Beach FL                                                        | CUSIP: 048251BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1128263.95   | 0.57%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                              | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    488572 | PA      | $502077.17    | 0.25%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE (FL), COUNTY OF                                         | County of Miami-Dade FL Water & Sewer System Revenue                             | CUSIP: 59334DPN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $562765.70    | 0.28%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                             | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HGP1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520782.80    | 0.26%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                    | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512161.35    | 0.26%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CAT5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $567100.70    | 0.29%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT (CT), STATE OF                                         | State of Connecticut                                                             | CUSIP: 20772KPV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1308031.25   | 0.66%             | 2038-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA                                            | Main Street Natural Gas Inc                                                      | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $805072.05    | 0.41%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT (CT), STATE OF                                         | State of Connecticut Special Tax Revenue                                         | CUSIP: 2077582P7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $295948.03    | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH                              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704EAF1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150189.17    | 0.08%             | 2028-11-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TEX                                            | Lower Colorado River Authority                                                   | CUSIP: 54811BT92<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130236.30   | 0.57%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH                                     | Massachusetts School Building Authority                                          | CUSIP: 576000G49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $591105.10    | 0.30%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRANITE CITY ILL                                                   | City of Granite City IL                                                          | CUSIP: 387307AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972417.70    | 0.49%             | 2027-05-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH                                  | California Community Choice Financing Authority                                  | CUSIP: 13013JHJ8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126164.40   | 0.57%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO CITY BOARD OF EDUCATION (IL)                               | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $280418.98    | 0.14%             | 2035-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT (CT), STATE OF                                         | State of Connecticut Special Tax Revenue                                         | CUSIP: 2077582H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $818582.07    | 0.41%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NEW YORK STATE DORMITORY AUTHORITY                                               | CUSIP: 64990AHN8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $528263.75    | 0.27%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FLA                                                   | County of Broward FL Port Facilities Revenue                                     | CUSIP: 11506KGU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $508867.03    | 0.26%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH                                  | Virginia Small Business Financing Authority                                      | CUSIP: 928104PF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1727865.88   | 0.87%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCE6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    300000 | PA      | $334744.38    | 0.17%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CMNTY DEV DIST 2                                 | Lakes of Sarasota Community Development District 2                               | CUSIP: 51207BAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513283.85    | 0.26%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TEX NAV DIST NO 1                                   | Matagorda County Navigation District No 1                                        | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1183595.04   | 0.60%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING CORP N Y                            | Suffolk Regional Off-Track Betting Co                                            | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041400.10   | 0.53%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH                                          | Illinois State Toll Highway Authority                                            | CUSIP: 452252KQ1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502670.45   | 0.76%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528U6V8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1798667.35   | 0.91%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES               | JPMorgan Chase Putters/Drivers Trust                                             | CUSIP: 46640KYX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.20%             | 2027-06-01      | Floating      | 2.27%                 | Yes           |                  2 | On Loan: No      |
| ENERGY SOUTHEAST ALA COOP DIST                                     | Energy Southeast A Cooperative District                                          | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100857.50   | 0.56%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| HUDSON YDS INFRASTRUCTURE CORP N Y                                 | HUDSON YARDS INFRASTRUCTURE CORP                                                 | CUSIP: 44420RBD1<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511080.70    | 0.26%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH                                               | Ohio Water Development Authority                                                 | CUSIP: 67765QSU1<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1742553.45   | 0.88%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER ARIZ INDL DEV AUTH                                        | Chandler Industrial Development Authority                                        | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020973.90   | 0.52%             | 2042-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE ALA INDL DEV BRD                                            | Industrial Development Board of the City of Mobile Alabama                       | CUSIP: 607166AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450000.00    | 0.23%             | 2031-09-01      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH                                              | Arkansas Development Finance Authority                                           | CUSIP: 04084EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754698.30    | 0.38%             | 2065-10-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                  | District of Columbia                                                             | CUSIP: 25476FYN2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2299600.31   | 1.16%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                        | Washington State Housing Finance Commission                                      | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    815419 | PA      | $788332.81    | 0.40%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ST JOHNS CNTY FLA INDL DEV AUTH                                    | St Johns County Industrial Development Authority                                 | CUSIP: 79041LAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $197083.67    | 0.10%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONROEVILLE PA FIN AUTH                                            | Monroeville Finance Authority                                                    | CUSIP: 611530AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1305915.44   | 0.66%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                   | Commonwealth of Massachusetts                                                    | CUSIP: 57582NYH2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076256.40   | 0.54%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY                                                    | County of Trimble KY                                                             | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243360.88    | 0.12%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN                   | Metropolitan Government of Nashville & Davidson County TN                        | CUSIP: 592112TH9<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    700000 | PA      | $744648.80    | 0.38%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYS TEX CONS INDPT SCH DIST                                       | Hays Consolidated Independent School District                                    | CUSIP: 4211105T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1570187.55   | 0.79%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                    | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090062.60   | 0.55%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH                                              | Guam Government Waterworks Authority                                             | CUSIP: 40065FFA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1129369.38   | 0.57%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PORT AUTH                                               | STATE OF ALABAMA DOCKS DEPARTMENT                                                | CUSIP: 010604BY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012129.50   | 0.51%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLLIER CNTY FLA INDL DEV AUTH                                     | Collier County Industrial Development Authority                                  | CUSIP: 194641BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1333206.01   | 0.67%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO CITY BOARD OF EDUCATION (IL)                               | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $331695.75    | 0.17%             | 2037-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                        | State of Illinois                                                                | CUSIP: 452153FD6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098338.70   | 0.56%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH                                                | Atlanta Development Authority/The                                                | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520769.65    | 0.26%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAVANNAH-GEORGIA CONVENTION CTR AUTH                               | Savannah Georgia Convention Center Authority                                     | CUSIP: 804828AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $659054.10    | 0.33%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ INDL DEV AUTH                                       | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72178AAG7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    375000 | PA      | $410306.51    | 0.21%             | 2042-11-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NORTH CAROLINA ST                                                  | State of North Carolina                                                          | CUSIP: 65829QFZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2741526.06   | 1.39%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA HEALTH FACS AUTH                                   | ORANGE HLTH FACS- 5 10/39                                                        | CUSIP: 68450LJF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1419390.13   | 0.72%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER (CO), CITY AND COUNTY OF                                    | DENVER CITY & CO ARPT                                                            | CUSIP: 249182LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $797609.03    | 0.40%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TEX INDPT SCH DIST                                          | Denton Independent School District                                               | CUSIP: 249002LU8<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142869.80   | 0.58%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH                                       | New Jersey Economic Development Authority                                        | CUSIP: 64577XEB8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    450000 | PA      | $500289.66    | 0.25%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LUZERNE CNTY PA                                                    | COUNTY OF LUZERNE PA                                                             | CUSIP: 550697WB8<br>LEI: 5493001Z1Y4QDISEER29 | Long             | DBT              | MUN               | US        |    825000 | PA      | $865824.14    | 0.44%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF COLORADO (CO)                         | University of Colorado                                                           | CUSIP: 91417NDA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497834.45    | 0.25%             | 2051-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH                                       | New Jersey Economic Development Authority                                        | CUSIP: 64577XEQ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    645000 | PA      | $680980.10    | 0.34%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ECONOMIC DEV AUTH                                          | Vermont Economic Development Authority                                           | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514885.00    | 0.26%             | 2052-06-01      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT (CT), STATE OF                                         | State of Connecticut Special Tax Revenue                                         | CUSIP: 2077582B8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116981.10   | 0.57%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA INDL DEV AUTH                                     | Delaware County Industrial Development Authority/PA                              | CUSIP: 245903AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050000.00   | 0.53%             | 2045-09-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TEX INTL ARPT                                    | Dallas Fort Worth International Airport                                          | CUSIP: 23503CGG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078550.80   | 0.55%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                                          | OREGON ST-A-REF 5 5/38                                                           | CUSIP: 68609UPH2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1174192.70   | 0.59%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                       | Ohio Higher Educational Facility Commission                                      | CUSIP: 67756DBD7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.18%             | 2039-01-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO (TX), CITY OF                                          | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 79625GJK0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    500000 | PA      | $568758.80    | 0.29%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY ALA                                                 | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1538674.47   | 0.78%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HOSP FIN AUTH                                          | MICHIGAN STATE HOSPITAL FINANCE AUTHORITY                                        | CUSIP: 59465HUR5<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523359.30    | 0.26%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | New York State Dormitory Authority                                               | CUSIP: 65000BYS1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2448303.11   | 1.24%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                   | Commonwealth of Massachusetts                                                    | CUSIP: 57582RQZ2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2075645.21   | 1.05%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH                                                      | Iowa Finance Authority                                                           | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    985000 | PA      | $1148852.88   | 0.58%             | 2050-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                        | State of Illinois                                                                | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3342232.14   | 1.69%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP ILL                                  | Sales Tax Securitization Corp                                                    | CUSIP: 79467BKF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2336830.39   | 1.18%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA                                                 | Parish of St James LA                                                            | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514374.70    | 0.26%             | 2041-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH                                | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091995.60   | 0.55%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ANNE ARUNDEL CNTY MD                                               | COUNTY OF ANNE ARUNDEL MD                                                        | CUSIP: 03588HVR4<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520333.45    | 0.26%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PURDUE UNIV IND                                                    | Purdue University                                                                | CUSIP: 746189G52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $591435.35    | 0.30%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | New York Transportation Development Corp                                         | CUSIP: 650116GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271918.30    | 0.14%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTH CALIF                                           | BAY AREA TOLL AUTHORITY                                                          | CUSIP: 072024ST0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001545.30   | 0.51%             | 2036-04-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP                                               | Florida Development Finance Corp                                                 | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    335000 | PA      | $340074.14    | 0.17%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461366E6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537843.00    | 0.27%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                        | State of Illinois                                                                | CUSIP: 452153HM4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075810.60   | 0.54%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                                  | Illinois Finance Authority                                                       | CUSIP: 45203PAD6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    875000 | PA      | $918572.64    | 0.46%             | 2043-12-01      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | New York Transportation Development Corp                                         | CUSIP: 650116JG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279975.03    | 0.14%             | 2044-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA TOWN INDUSTRIAL DEVELOPMENT BOARD (AL)                    | Columbia Industrial Development Board                                            | CUSIP: 197210AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.15%             | 2037-12-01      | Variable      | 1.78%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XU22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105081.80   | 0.56%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REV ACTING BY AND THROUGH THE OHIO DEV FING COMMN | STATE OF OHIO                                                                    | CUSIP: 677561KK7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    570000 | PA      | $596442.41    | 0.30%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                                | Texas Water Development Board                                                    | CUSIP: 88285AJZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $797183.10    | 0.40%             | 2043-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH                              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704EAE4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350167.65    | 0.18%             | 2029-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH                                                  | MICHIGAN FINANCE AUTHORITY                                                       | CUSIP: 59447NAY2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097699.00   | 0.56%             | 2041-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY COLO SCH DIST NO RE-1 DOUGLAS & ELBERT CNTYS          | Douglas County School District No Re-1 Douglas & Elbert Counties                 | CUSIP: 258885S29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1152919.00   | 0.58%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                        | State of Illinois                                                                | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    450000 | PA      | $468926.55    | 0.24%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | City of New York NY                                                              | CUSIP: 64966SKN5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1756628.85   | 0.89%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                                                    | County of Fairfax VA                                                             | CUSIP: 30382AMZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1551963.60   | 0.79%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                                    | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602RET8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533416.80    | 0.27%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL FLORIDA EXPRESSWAY AUTHORITY (FL)                          | Central Florida Expressway Authority                                             | CUSIP: 153476BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506804.75   | 0.76%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1157143 | PA      | $789750.00    | 0.40%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                      | State of Washington                                                              | CUSIP: 93974EQH2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061510.40   | 0.54%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH                                                     | County of King WA                                                                | CUSIP: 49474FVK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1245298.82   | 0.63%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CEB0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126613.10   | 0.57%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH                                          | Illinois State Toll Highway Authority                                            | CUSIP: 452252NG0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    750000 | PA      | $806359.20    | 0.41%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FLA INDL DEV AUTH                                | Hillsborough County Industrial Development Authority                             | CUSIP: 43233KAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.25%             | 2038-11-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NEW YORK CITY NY T 5 7/37                                                        | CUSIP: 64972HS37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527046.00    | 0.27%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSPORTATION COMMISSION (TX)                               | Central Texas Turnpike System                                                    | CUSIP: 88283KCA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2321462.60   | 1.17%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAGLE MTN & SAGINAW TEX INDPT SCH DIST                             | Eagle Mountain & Saginaw Independent School District                             | CUSIP: 269696SZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $855471.98    | 0.43%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                                          | Colorado Health Facilities Authority                                             | CUSIP: 19648FYD0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    700000 | PA      | $780107.02    | 0.39%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DIST FLA                                | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $255643.48    | 0.13%             | 2043-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                       | Metropolitan Transportation Authority                                            | CUSIP: 59261A6D4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    400000 | PA      | $443349.88    | 0.22%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | New York Transportation Development Corp                                         | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $836924.25    | 0.42%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                           | State of Texas                                                                   | CUSIP: 882724YS0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116383.70   | 0.56%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH                                                  | Port of Seattle WA                                                               | CUSIP: 7353893V8<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1133847.40   | 0.57%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO (IL), CITY OF                                              | CITY OF CHICAGO IL WATERWORKS REVENUE                                            | CUSIP: 167736E45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017416.90   | 0.51%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                        | State of Illinois                                                                | CUSIP: 452153EJ4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093065.70   | 0.55%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT (CT), STATE OF                                         | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758YH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $798439.20    | 0.40%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                                              | Georgia Ports Authority                                                          | CUSIP: 373586HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1707932.70   | 0.86%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH                                           | Arizona Health Facilities Authority                                              | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $417198.94    | 0.21%             | 2046-01-01      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUTH                                    | Allegheny County Hospital Development Authority                                  | CUSIP: 01728A3Y0<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506549.45   | 0.76%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                                                    | County of Fairfax VA                                                             | CUSIP: 30382AGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053649.00   | 1.04%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST UNIV                                                       | Ohio State University/The                                                        | CUSIP: 677632ZK0<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102144.00   | 0.56%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA WTR & SWR AUTH                                   | District of Columbia Water & Sewer Authority                                     | CUSIP: 254845TM2<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $784283.40    | 0.40%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TEX INTL ARPT                                    | Dallas Fort Worth International Airport                                          | CUSIP: 23503CBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1123598.80   | 0.57%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003476.40   | 1.01%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH                                              | Arizona Industrial Development Authority                                         | CUSIP: 04052BTG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082595.00   | 0.55%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH                                 | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637ATD4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1086164.44   | 0.55%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE (FL), COUNTY OF                                         | County of Miami-Dade Seaport Department                                          | CUSIP: 59335KEZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530237.45    | 0.27%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                                    | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HFQ5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080925.60   | 0.55%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP                                  | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JQ0<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107642.50   | 0.56%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH                                | Washington Health Care Facilities Authority                                      | CUSIP: 93978HWK7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028154.10   | 0.52%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KILLEEN TEX INDPT SCH DIST                                         | Killeen Independent School District                                              | CUSIP: 494152US8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1840807.50   | 0.93%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MICH ECONOMIC DEV CORP                                   | Kalamazoo Economic Development Corp                                              | CUSIP: 483228EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003053.70   | 0.51%             | 2031-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | New York Transportation Development Corp                                         | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $323037.18    | 0.16%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE ARPT AUTH TENN                              | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190SK9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $575992.20    | 0.29%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY (UT), CITY OF                                       | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576MT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2808113.25   | 1.42%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AUTH N Y                               | Utility Debt Securitization Authority                                            | CUSIP: 91802RFN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131568.70   | 0.57%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                                       | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                         | CUSIP: 57584X8K0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $419386.32    | 0.21%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP                                     | Clifton Higher Education Finance Corp                                            | CUSIP: 187145WA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1162773.30   | 0.59%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                  | DISTRICT OF COLUMBIA                                                             | CUSIP: 25483VQW7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    550000 | PA      | $551362.85    | 0.28%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP                                         | Empire State Development Corp                                                    | CUSIP: 650036DJ2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1485331.05   | 0.75%             | 2044-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST ALA                                             | Lower Alabama Gas District/The                                                   | CUSIP: 547804AD6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2718770.00   | 1.38%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY UTAH                                                    | University of Utah/The                                                           | CUSIP: 9151834J3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2268730.20   | 1.15%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA MUN PWR AGY                                                | Indiana Municipal Power Agency                                                   | CUSIP: 454898TT4<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008834.70   | 0.51%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY ALA INDL DEV AUTH                                     | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $696048.38    | 0.35%             | 2055-06-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY             | Texas Municipal Gas Acquisition & Supply Corp III                                | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097588.70   | 0.56%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COMWLTH TRANSN BRD                                        | Virginia Commonwealth Transportation Board                                       | CUSIP: 927793E62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1703870.80   | 0.86%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                        | Washington State Housing Finance Commission                                      | CUSIP: 939783C87<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    785000 | PA      | $807767.43    | 0.41%             | 2032-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH                                              | Arizona Industrial Development Authority                                         | CUSIP: 04052FAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026901.40   | 0.52%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CONN HSG AUTH                                             | Stamford Housing Authority                                                       | CUSIP: 852640AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054175.80   | 0.53%             | 2032-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                    | Kentucky Public Energy Authority                                                 | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351831.52    | 0.18%             | 2052-08-01      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA RESIDNTIAL CARE FACS ELDERLY AUTH                   | FULTON COUNTY RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY              | CUSIP: 360059AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501045.10    | 0.25%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                           | State of Texas                                                                   | CUSIP: 882725DC5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140785.30   | 0.58%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN                                          | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224K32<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1400961.06   | 0.71%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH TRANSIT AUTH                                                  | Utah Transit Authority                                                           | CUSIP: 917567JF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $875871.53    | 0.44%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STAD & EXPOSITION DIST                                   | Louisiana Stadium & Exposition District                                          | CUSIP: 546410CW9<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073903.30   | 0.54%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1043000 | PA      | $1049643.81   | 0.53%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY                                               | Oklahoma Housing Finance Agency                                                  | CUSIP: 67886MPB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $435237.51    | 0.22%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                                  | IL FIN AUTH-VAR- FRN 5/42                                                        | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124835.96    | 0.06%             | 2042-05-01      | Floating      | 2.58%                 | No            |                  2 | On Loan: No      |
| LAKELAND FLA                                                       | City of Lakeland FL                                                              | CUSIP: 511665KH3<br>LEI: XRPK4ZALF4437WO3JQ94 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1431327.50   | 0.72%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA                                                         | City of Atlanta GA Department of Aviation                                        | CUSIP: 04780ME70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110440.70   | 0.56%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST JEFFERSON ALA INDL DEV BRD                                    | AL WESPOL 12/01/2038                                                             | CUSIP: 95345PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.05%             | 2038-12-01      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVERNMENT OF NASHVILLE & DAVIDSON COUNTY (TN)        | METROPOLITAN GOVERNMENT NASHVILLE & DAVIDSON COUNTY HEALTH & EDUCATIONAL FACS BD | CUSIP: 592041WE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $756085.20    | 0.38%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA                                     | Black Belt Energy Gas District                                                   | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102950.10   | 0.56%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                                | Public Finance Authority                                                         | CUSIP: 74442PYR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523153.90    | 0.26%             | 2042-12-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528VBF5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2261714.00   | 1.14%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB SCH AUTH                                           | Virginia Public School Authority                                                 | CUSIP: 92818HH87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577032.35   | 0.80%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP                                 | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 645424BR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.05%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JSE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.30%             | 2054-11-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY DORM AUTH-C-REF 5 3/38                                                        | CUSIP: 64990AKC8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523323.65    | 0.26%             | 2038-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971X4Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $424529.51    | 0.21%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECONOMIC DEV AUTH                                      | Delaware State Economic Development Authority                                    | CUSIP: 246387SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515859.05    | 0.26%             | 2045-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OHIO                                                 | County of Hamilton OH                                                            | CUSIP: 40727RCK2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530949.70    | 0.27%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENUE                                    | Idaho Health Facilities Authority                                                | CUSIP: 451295E47<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.25%             | 2060-03-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| VENICE FLA                                                         | City of Venice FL                                                                | CUSIP: 922687AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185472.92    | 0.09%             | 2030-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ADAMS CNTY PA GEN AUTH                                             | Adams County General Authority                                                   | CUSIP: 006114AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1173903.41   | 0.59%             | 2029-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GLENDALE ARIZ                                                      | CITY OF GLENDALE AZ                                                              | CUSIP: 37828GAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038683.70   | 0.53%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO CITY BOARD OF EDUCATION (IL)                               | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $556919.15    | 0.28%             | 2036-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | Build NYC Resource Corp                                                          | CUSIP: 12008ETW6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520450.15    | 0.26%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA                                            | Main Street Natural Gas Inc                                                      | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079595.50   | 0.55%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP                      | Texas Private Activity Bond Surface Transportation Corp                          | CUSIP: 882667BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1603677.45   | 0.81%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL TEX INDPT SCH DIST                                    | LIBERTY HILL ISD - 5 2/41                                                        | CUSIP: 530574RF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1520499.54   | 0.77%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC BEACH FLA                                                 | CITY OF ATLANTIC BEACH FL                                                        | CUSIP: 048251AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315409.53    | 0.16%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                        | Washington State Housing Finance Commission                                      | CUSIP: 939783Z74<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003740.70   | 0.51%             | 2034-01-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH                                  | VIRGINIA SMALL BUSINESS FINANCING AUTHORITY                                      | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $127673.09    | 0.06%             | 2048-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA                                            | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $794969.70    | 0.40%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA                                     | Black Belt Energy Gas District                                                   | CUSIP: 09182TGM3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092598.30   | 0.55%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA (PA), CITY OF                                         | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817UG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026942.50   | 0.52%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANNE ARUNDEL CNTY MD                                               | County of Anne Arundel MD                                                        | CUSIP: 03588JJG8<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1185295.70   | 0.60%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOWARD CNTY MD                                                     | County of Howard MD                                                              | CUSIP: 44256PWE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1289960.31   | 0.65%             | 2038-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TEX                                            | Lower Colorado River Authority                                                   | CUSIP: 54811BK26<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1135173.50   | 0.57%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH                                                     | County of King WA                                                                | CUSIP: 49474F5X4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2314539.80   | 1.17%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                        | State of Illinois                                                                | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    550000 | PA      | $559495.53    | 0.28%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH                                                | Indiana Finance Authority                                                        | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    415000 | PA      | $413435.41    | 0.21%             | 2039-03-01      | Floating      | 2.18%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** Federated Hermes Intermediate Municipal Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Intermediate Municipal Trust

**Title:** Chief Compliance Officer