# EDGAR Filing Document

**Accession Number:** 0001282693
**File Stem:** 0000894189-25-015340
**Filing Date:** 2025-11
**Character Count:** 392368
**Document Hash:** a54e321d4c434051178ee8bc998dedc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-015340.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000894189-25-015340

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAIRD FUNDS INC
- **CENTRAL INDEX KEY:** 0001282693

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09997
- **FILM NUMBER:** 251522286

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-3500

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Baird Quality Intermediate Municipal Bond Fund (Series ID: S000000756)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000002169 | Institutional | BMBIX           |
| C000002170 | Investor      | BMBSX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Baird Quality Intermediate Municipal Bond Fund** | **Baird Quality Intermediate Municipal Bond Fund** | **Baird Quality Intermediate Municipal Bond Fund** | **Baird Quality Intermediate Municipal Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **MUNICIPAL BONDS - 96.8%** | **MUNICIPAL BONDS - 96.8%** | **Par** | **Value**  |
| **Alabama - 1.9%** | **Alabama - 1.9%** | **Alabama - 1.9%** | **Alabama - 1.9%** |
|  Alabama Housing Finance Authority, 5.75%, 04/01/2055 (Callable 04/01/2033) | Alabama Housing Finance Authority, 5.75%, 04/01/2055 (Callable 04/01/2033) | $1995000 | $2175452 |
|  Alabama Public School and College Authority, 4.00%, 09/01/2043 (Callable 09/01/2034) | Alabama Public School and College Authority, 4.00%, 09/01/2043 (Callable 09/01/2034) | 1915000 | 1820555 |
| Black Belt Energy Gas District | Black Belt Energy Gas District | Black Belt Energy Gas District | Black Belt Energy Gas District |
| &nbsp;&nbsp; 5.00%, 05/01/2053 <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 05/01/2053 <sup>(a)</sup> | 4000000 | 4202260 |
| &nbsp;&nbsp; 5.00%, 05/01/2055 (Callable 04/01/2031) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 05/01/2055 (Callable 04/01/2031) <sup>(a)</sup> | 4500000 | 4884021 |
| &nbsp;&nbsp; 5.00%, 12/01/2055 (Callable 05/01/2035) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 12/01/2055 (Callable 05/01/2035) <sup>(a)</sup> | 500000 | 547601 |
|  Morgan County Board of Education/AL, 5.00%, 03/01/2038 (Callable 03/01/2032) | Morgan County Board of Education/AL, 5.00%, 03/01/2038 (Callable 03/01/2032) | 1000000 | 1074601 |
| Southeast Energy Authority A Cooperative District | Southeast Energy Authority A Cooperative District | Southeast Energy Authority A Cooperative District | Southeast Energy Authority A Cooperative District |
| &nbsp;&nbsp; 5.00%, 09/01/2033 | &nbsp;&nbsp; 5.00%, 09/01/2033 | 1300000 | 1418383 |
| &nbsp;&nbsp; 5.00%, 09/01/2034 | &nbsp;&nbsp; 5.00%, 09/01/2034 | 1950000 | 2134141 |
|  Town of Pike Road AL, 5.00%, 09/01/2044 (Callable 09/01/2034) | Town of Pike Road AL, 5.00%, 09/01/2044 (Callable 09/01/2034) | 800000 | 839014 |
|  University of Alabama, 3.00%, 07/01/2038 (Callable 07/01/2029) | University of Alabama, 3.00%, 07/01/2038 (Callable 07/01/2029) | 2000000 | 1763676 |
|  |  |  | 20859704 |
| **Alaska - 0.2%** | **Alaska - 0.2%** | **Alaska - 0.2%** | **Alaska - 0.2%** |
| Alaska Housing Finance Corp. | Alaska Housing Finance Corp. | Alaska Housing Finance Corp. | Alaska Housing Finance Corp. |
| &nbsp;&nbsp; 3.25%, 12/01/2044 (Callable 06/01/2029) | &nbsp;&nbsp; 3.25%, 12/01/2044 (Callable 06/01/2029) | 110000 | 109219 |
| &nbsp;&nbsp; 4.00%, 12/01/2048 (Callable 06/01/2027) | &nbsp;&nbsp; 4.00%, 12/01/2048 (Callable 06/01/2027) | 340000 | 342467 |
|  City of Valdez AK, 5.00%, 06/30/2029 (Callable 10/22/2025) | City of Valdez AK, 5.00%, 06/30/2029 (Callable 10/22/2025) | 1225000 | 1247501 |
|  |  |  | 1699187 |
| **Arizona - 0.4%** | **Arizona - 0.4%** | **Arizona - 0.4%** | **Arizona - 0.4%** |
|  Arizona Industrial Development Authority, 1.78%, 09/01/2030 <sup>(a)(b)(c)</sup> | Arizona Industrial Development Authority, 1.78%, 09/01/2030 <sup>(a)(b)(c)</sup> | 1333883 | 1301522 |
| City of Tempe AZ | City of Tempe AZ | City of Tempe AZ | City of Tempe AZ |
| &nbsp;&nbsp; 5.00%, 07/01/2033 (Callable 07/01/2028) | &nbsp;&nbsp; 5.00%, 07/01/2033 (Callable 07/01/2028) | 40000 | 42770 |
| &nbsp;&nbsp; 5.00%, 07/01/2034 (Callable 07/01/2028) | &nbsp;&nbsp; 5.00%, 07/01/2034 (Callable 07/01/2028) | 490000 | 519801 |
| &nbsp;&nbsp; 5.00%, 07/01/2035 (Callable 07/01/2027) | &nbsp;&nbsp; 5.00%, 07/01/2035 (Callable 07/01/2027) | 185000 | 193178 |
| &nbsp;&nbsp; 5.00%, 07/01/2037 (Callable 07/01/2028) | &nbsp;&nbsp; 5.00%, 07/01/2037 (Callable 07/01/2028) | 215000 | 229889 |
| &nbsp;&nbsp; 5.00%, 07/01/2038 (Callable 07/01/2028) | &nbsp;&nbsp; 5.00%, 07/01/2038 (Callable 07/01/2028) | 350000 | 374238 |
|  Maricopa County Industrial Development Authority, 4.00%, 01/01/2045 (Callable 07/01/2030) | Maricopa County Industrial Development Authority, 4.00%, 01/01/2045 (Callable 07/01/2030) | 2000000 | 1831279 |
|  |  |  | 4492677 |
| **Arkansas - 0.1%** | **Arkansas - 0.1%** | **Arkansas - 0.1%** | **Arkansas - 0.1%** |
|  City of Pine Bluff AR, 3.00%, 02/01/2047 (Callable 08/01/2027) | City of Pine Bluff AR, 3.00%, 02/01/2047 (Callable 08/01/2027) | 815000 | 795922 |
|  University of Arkansas, 5.00%, 10/01/2031 (Callable 10/01/2026) | University of Arkansas, 5.00%, 10/01/2031 (Callable 10/01/2026) | 250000 | 254001 |
|  |  |  | 1049923 |
| **California - 6.1%** | **California - 6.1%** | **California - 6.1%** | **California - 6.1%** |
|  Anaheim Public Financing Authority, 0.00%, 09/01/2036 <sup>(d)</sup> | Anaheim Public Financing Authority, 0.00%, 09/01/2036 <sup>(d)</sup> | 19985000 | 14061714 |
| Brea Redevelopment Agency | Brea Redevelopment Agency | Brea Redevelopment Agency | Brea Redevelopment Agency |
| &nbsp;&nbsp; 5.00%, 08/01/2033 (Callable 08/01/2027) | &nbsp;&nbsp; 5.00%, 08/01/2033 (Callable 08/01/2027) | 1500000 | 1556929 |
| &nbsp;&nbsp; 5.00%, 08/01/2034 (Callable 08/01/2027) | &nbsp;&nbsp; 5.00%, 08/01/2034 (Callable 08/01/2027) | 1750000 | 1812838 |
|  California Community Choice Financing Authority, 5.00%, 01/01/2056 (Callable 05/01/2033) <sup>(a)</sup> | California Community Choice Financing Authority, 5.00%, 01/01/2056 (Callable 05/01/2033) <sup>(a)</sup> | 2000000 | 2231262 |
|  California Housing Finance Agency, 3.75%, 03/25/2035 | California Housing Finance Agency, 3.75%, 03/25/2035 | 4720986 | 4751912 |
|  California State University, 3.13%, 11/01/2051 (Callable 05/01/2026) <sup>(a)</sup> | California State University, 3.13%, 11/01/2051 (Callable 05/01/2026) <sup>(a)</sup> | 2250000 | 2252012 |
|  Central Basin Municipal Water District, 5.00%, 08/01/2044 (Callable 08/01/2028) | Central Basin Municipal Water District, 5.00%, 08/01/2044 (Callable 08/01/2028) | 70000 | 75149 |
|  City of Richmond CA Wastewater Revenue, 0.00%, 08/01/2028 <sup>(d)</sup> | City of Richmond CA Wastewater Revenue, 0.00%, 08/01/2028 <sup>(d)</sup> | 180000 | 167470 |
|  El Monte City School District/CA, 0.00%, 08/01/2029 <sup>(d)</sup> | El Monte City School District/CA, 0.00%, 08/01/2029 <sup>(d)</sup> | 1640000 | 1464174 |
|  Escalon Unified School District, 0.00%, 08/01/2040 (Callable 08/01/2033) <sup>(d)</sup> | Escalon Unified School District, 0.00%, 08/01/2040 (Callable 08/01/2033) <sup>(d)</sup> | 1055000 | 965297 |
|  Federal Home Loan Mortgage Corp., 4.00%, 12/25/2036 <sup>(a)</sup> | Federal Home Loan Mortgage Corp., 4.00%, 12/25/2036 <sup>(a)</sup> | 2432286 | 2438705 |
|  Fontana Unified School District, 0.00%, 02/01/2033 <sup>(d)</sup> | Fontana Unified School District, 0.00%, 02/01/2033 <sup>(d)</sup> | 605000 | 487804 |
| Foothill-Eastern Transportation Corridor Agency | Foothill-Eastern Transportation Corridor Agency | Foothill-Eastern Transportation Corridor Agency | Foothill-Eastern Transportation Corridor Agency |
| &nbsp;&nbsp; 0.00%, 01/01/2026 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 01/01/2026 <sup>(d)</sup> | 4695000 | 4665299 |
| &nbsp;&nbsp; 0.00%, 01/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 01/01/2028 <sup>(d)</sup> | 3260000 | 3094442 |
| &nbsp;&nbsp; 0.00%, 01/01/2030 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 01/01/2030 <sup>(d)</sup> | 125000 | 113052 |
|  Freddie Mac Multifamily ML Certificates, 2.88%, 07/25/2036 | Freddie Mac Multifamily ML Certificates, 2.88%, 07/25/2036 | 7072650 | 6575614 |
|  Gateway Unified School District/CA, 0.00%, 03/01/2037 <sup>(d)</sup> | Gateway Unified School District/CA, 0.00%, 03/01/2037 <sup>(d)</sup> | 100000 | 67126 |
| Golden State Tobacco Securitization Corp. | Golden State Tobacco Securitization Corp. | Golden State Tobacco Securitization Corp. | Golden State Tobacco Securitization Corp. |
| &nbsp;&nbsp; 0.00%, 06/01/2026 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 06/01/2026 <sup>(d)</sup> | 240000 | 236001 |
| &nbsp;&nbsp; 0.00%, 06/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 06/01/2028 <sup>(d)</sup> | 630000 | 590981 |
| &nbsp;&nbsp; 5.00%, 06/01/2028 (Callable 06/01/2027) | &nbsp;&nbsp; 5.00%, 06/01/2028 (Callable 06/01/2027) | 425000 | 445203 |
|  Kingsburg Joint Union High School District, 5.00%, 08/01/2044 (Callable 08/01/2026) | Kingsburg Joint Union High School District, 5.00%, 08/01/2044 (Callable 08/01/2026) | 150000 | 153282 |
| Long Beach Community College District | Long Beach Community College District | Long Beach Community College District | Long Beach Community College District |
| &nbsp;&nbsp; 0.00%, 06/01/2032 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 06/01/2032 <sup>(d)</sup> | 1540000 | 1264913 |
| &nbsp;&nbsp; 0.00%, 06/01/2033 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 06/01/2033 <sup>(d)</sup> | 1560000 | 1227541 |
| Los Alamitos Unified School District | Los Alamitos Unified School District | Los Alamitos Unified School District | Los Alamitos Unified School District |
| &nbsp;&nbsp; 0.00%, 08/01/2041 (Callable 08/01/2031) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 08/01/2041 (Callable 08/01/2031) <sup>(d)</sup> | 150000 | 158504 |
| &nbsp;&nbsp; 0.00%, 08/01/2043 (Callable 08/01/2031) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 08/01/2043 (Callable 08/01/2031) <sup>(d)</sup> | 380000 | 398292 |
|  Los Angeles Department of Water & Power, 5.25%, 07/01/2044 (Callable 01/01/2035) | Los Angeles Department of Water & Power, 5.25%, 07/01/2044 (Callable 01/01/2035) | 1350000 | 1450216 |
|  Menlo Park City School District, 0.00%, 07/01/2044 (Callable 07/01/2032) <sup>(d)</sup> | Menlo Park City School District, 0.00%, 07/01/2044 (Callable 07/01/2032) <sup>(d)</sup> | 525000 | 540869 |
|  Moreno Valley Unified School District/CA, 0.00%, 07/01/2029 <sup>(d)</sup> | Moreno Valley Unified School District/CA, 0.00%, 07/01/2029 <sup>(d)</sup> | 75000 | 68327 |
|  Morongo Unified School District, 5.50%, 08/01/2041 (Callable 08/01/2030) | Morongo Unified School District, 5.50%, 08/01/2041 (Callable 08/01/2030) | 300000 | 318570 |
|  Orange County Water District, 5.00%, 08/15/2034 | Orange County Water District, 5.00%, 08/15/2034 | 285000 | 318070 |
| Pacheco Union Elementary School District | Pacheco Union Elementary School District | Pacheco Union Elementary School District | Pacheco Union Elementary School District |
| &nbsp;&nbsp; 0.00%, 02/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 02/01/2028 <sup>(d)</sup> | 65000 | 61113 |
| &nbsp;&nbsp; 0.00%, 02/01/2037 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 02/01/2037 <sup>(d)</sup> | 300000 | 204568 |
|  Pajaro Valley Unified School District, 0.00%, 08/01/2027 <sup>(d)</sup> | Pajaro Valley Unified School District, 0.00%, 08/01/2027 <sup>(d)</sup> | 25000 | 23876 |
|  Palmdale Elementary School District, 0.00%, 08/01/2031 <sup>(d)</sup> | Palmdale Elementary School District, 0.00%, 08/01/2031 <sup>(d)</sup> | 30000 | 25550 |
|  Rio Hondo Community College District, 6.85%, 08/01/2042 (Callable 08/01/2034) | Rio Hondo Community College District, 6.85%, 08/01/2042 (Callable 08/01/2034) | 7160000 | 8802866 |
|  Riverside County Redevelopment Successor Agency, 8.25%, 10/01/2031 (Callable 10/01/2026) | Riverside County Redevelopment Successor Agency, 8.25%, 10/01/2031 (Callable 10/01/2026) | 650000 | 686307 |
|  Roseville Joint Union High School District, 0.00%, 08/01/2034 (Callable 08/01/2026) <sup>(d)</sup> | Roseville Joint Union High School District, 0.00%, 08/01/2034 (Callable 08/01/2026) <sup>(d)</sup> | 85000 | 61779 |
|  San Diego Unified School District/CA, 0.00%, 07/01/2030 <sup>(d)</sup> | San Diego Unified School District/CA, 0.00%, 07/01/2030 <sup>(d)</sup> | 100000 | 88166 |
|  San Joaquin Hills Transportation Corridor Agency, 0.00%, 01/01/2028 <sup>(d)</sup> | San Joaquin Hills Transportation Corridor Agency, 0.00%, 01/01/2028 <sup>(d)</sup> | 1110000 | 1055271 |
|  St Helena Unified School District, 0.00%, 08/01/2037 (Callable 11/01/2025) <sup>(d)</sup> | St Helena Unified School District, 0.00%, 08/01/2037 (Callable 11/01/2025) <sup>(d)</sup> | 25000 | 14192 |
|  Woodlake Union High School District, 0.00%, 08/01/2033 <sup>(d)</sup> | Woodlake Union High School District, 0.00%, 08/01/2033 <sup>(d)</sup> | 880000 | 633495 |
|  |  |  | 65608751 |
| **Colorado - 1.5%** | **Colorado - 1.5%** | **Colorado - 1.5%** | **Colorado - 1.5%** |
|  Adams & Weld Counties School District No 27J Brighton/CO, 5.00%, 12/01/2036 (Callable 12/01/2027) | Adams & Weld Counties School District No 27J Brighton/CO, 5.00%, 12/01/2036 (Callable 12/01/2027) | 1000000 | 1029650 |
|  Adams County School District No 14, 5.50%, 12/01/2041 (Callable 12/01/2034) | Adams County School District No 14, 5.50%, 12/01/2041 (Callable 12/01/2034) | 350000 | 392631 |
|  Arapahoe County School District No 6 Littleton, 5.50%, 12/01/2043 (Callable 12/01/2028) | Arapahoe County School District No 6 Littleton, 5.50%, 12/01/2043 (Callable 12/01/2028) | 2000000 | 2098821 |
|  Boulder Valley School District No Re-2 Boulder, 5.00%, 12/01/2038 (Callable 11/01/2025) | Boulder Valley School District No Re-2 Boulder, 5.00%, 12/01/2038 (Callable 11/01/2025) | 1225000 | 1225788 |
|  Brush School District No. RE-2J, 5.00%, 12/01/2032 (Callable 12/01/2027) | Brush School District No. RE-2J, 5.00%, 12/01/2032 (Callable 12/01/2027) | 395000 | 410651 |
|  City & County of Denver CO, 5.00%, 06/01/2038 (Callable 06/01/2026) | City & County of Denver CO, 5.00%, 06/01/2038 (Callable 06/01/2026) | 310000 | 312344 |
|  City of Boulder CO Storm Water & Flood Management Revenue, 3.00%, 12/01/2030 (Callable 12/01/2025) | City of Boulder CO Storm Water & Flood Management Revenue, 3.00%, 12/01/2030 (Callable 12/01/2025) | 925000 | 924956 |
|  City of Fort Lupton CO, 4.00%, 12/01/2042 (Callable 12/01/2027) | City of Fort Lupton CO, 4.00%, 12/01/2042 (Callable 12/01/2027) | 850000 | 833064 |
| Colorado Health Facilities Authority | Colorado Health Facilities Authority | Colorado Health Facilities Authority | Colorado Health Facilities Authority |
| &nbsp;&nbsp; 5.00%, 05/15/2027 (Callable 05/15/2026) | &nbsp;&nbsp; 5.00%, 05/15/2027 (Callable 05/15/2026) | 210000 | 212867 |
| &nbsp;&nbsp; 5.00%, 06/01/2028 (Callable 06/01/2027) | &nbsp;&nbsp; 5.00%, 06/01/2028 (Callable 06/01/2027) | 100000 | 103867 |
|  Colorado Housing and Finance Authority, 3.88%, 05/01/2050 (Callable 11/01/2028) | Colorado Housing and Finance Authority, 3.88%, 05/01/2050 (Callable 11/01/2028) | 195000 | 195991 |
| El Paso County School District No 20 Academy | El Paso County School District No 20 Academy | El Paso County School District No 20 Academy | El Paso County School District No 20 Academy |
| &nbsp;&nbsp; 5.25%, 12/15/2040 (Callable 12/15/2034) | &nbsp;&nbsp; 5.25%, 12/15/2040 (Callable 12/15/2034) | 200000 | 222934 |
| &nbsp;&nbsp; 5.25%, 12/15/2041 (Callable 12/15/2034) | &nbsp;&nbsp; 5.25%, 12/15/2041 (Callable 12/15/2034) | 350000 | 386325 |
| &nbsp;&nbsp; 5.25%, 12/15/2042 (Callable 12/15/2034) | &nbsp;&nbsp; 5.25%, 12/15/2042 (Callable 12/15/2034) | 400000 | 437432 |
| &nbsp;&nbsp; 5.25%, 12/15/2043 (Callable 12/15/2034) | &nbsp;&nbsp; 5.25%, 12/15/2043 (Callable 12/15/2034) | 450000 | 488942 |
| &nbsp;&nbsp; 5.25%, 12/15/2044 (Callable 12/15/2034) | &nbsp;&nbsp; 5.25%, 12/15/2044 (Callable 12/15/2034) | 400000 | 432266 |
| &nbsp;&nbsp; 5.25%, 12/15/2045 (Callable 12/15/2034) | &nbsp;&nbsp; 5.25%, 12/15/2045 (Callable 12/15/2034) | 200000 | 214790 |
|  Mesa County Valley School District No. 51, 5.50%, 12/01/2037 (Callable 12/01/2027) | Mesa County Valley School District No. 51, 5.50%, 12/01/2037 (Callable 12/01/2027) | 1000000 | 1037018 |
|  State of Colorado, 5.25%, 03/15/2042 (Callable 03/15/2027) | State of Colorado, 5.25%, 03/15/2042 (Callable 03/15/2027) | 1000000 | 1011460 |
|  University of Colorado, 5.00%, 06/01/2044 (Callable 06/01/2029) | University of Colorado, 5.00%, 06/01/2044 (Callable 06/01/2029) | 545000 | 559090 |
| Weld County School District No RE-9 Ault-Highland | Weld County School District No RE-9 Ault-Highland | Weld County School District No RE-9 Ault-Highland | Weld County School District No RE-9 Ault-Highland |
| &nbsp;&nbsp; 5.25%, 12/01/2041 (Callable 12/01/2034) | &nbsp;&nbsp; 5.25%, 12/01/2041 (Callable 12/01/2034) | 500000 | 549730 |
| &nbsp;&nbsp; 5.25%, 12/01/2042 (Callable 12/01/2034) | &nbsp;&nbsp; 5.25%, 12/01/2042 (Callable 12/01/2034) | 500000 | 544667 |
| &nbsp;&nbsp; 5.25%, 12/01/2043 (Callable 12/01/2034) | &nbsp;&nbsp; 5.25%, 12/01/2043 (Callable 12/01/2034) | 600000 | 649410 |
| &nbsp;&nbsp; 5.25%, 12/01/2044 (Callable 12/01/2034) | &nbsp;&nbsp; 5.25%, 12/01/2044 (Callable 12/01/2034) | 500000 | 538262 |
| &nbsp;&nbsp; 5.25%, 12/01/2045 (Callable 12/01/2034) | &nbsp;&nbsp; 5.25%, 12/01/2045 (Callable 12/01/2034) | 450000 | 482846 |
|  Wiggins School District No RE-50J Adams Morgan & Weld Counties, 4.00%, 12/01/2039 (Callable 12/01/2031) | Wiggins School District No RE-50J Adams Morgan & Weld Counties, 4.00%, 12/01/2039 (Callable 12/01/2031) | 500000 | 503558 |
|  |  |  | 15799360 |
| **Connecticut - 1.1%** | **Connecticut - 1.1%** | **Connecticut - 1.1%** | **Connecticut - 1.1%** |
| Connecticut Housing Finance Authority | Connecticut Housing Finance Authority | Connecticut Housing Finance Authority | Connecticut Housing Finance Authority |
| &nbsp;&nbsp; 2.88%, 11/15/2030 (Callable 11/01/2025) | &nbsp;&nbsp; 2.88%, 11/15/2030 (Callable 11/01/2025) | 1325000 | 1309232 |
| &nbsp;&nbsp; 4.00%, 11/15/2045 (Callable 05/15/2028) | &nbsp;&nbsp; 4.00%, 11/15/2045 (Callable 05/15/2028) | 2055000 | 2067414 |
| &nbsp;&nbsp; 4.00%, 11/15/2047 (Callable 11/15/2026) | &nbsp;&nbsp; 4.00%, 11/15/2047 (Callable 11/15/2026) | 265000 | 265526 |
| Connecticut State Health & Educational Facilities Authority | Connecticut State Health & Educational Facilities Authority | Connecticut State Health & Educational Facilities Authority | Connecticut State Health & Educational Facilities Authority |
| &nbsp;&nbsp; 5.25%, 03/01/2032 | &nbsp;&nbsp; 5.25%, 03/01/2032 | 100000 | 110483 |
| &nbsp;&nbsp; 2.80%, 07/01/2057 <sup>(a)</sup> | &nbsp;&nbsp; 2.80%, 07/01/2057 <sup>(a)</sup> | 3165000 | 3162672 |
|  State of Connecticut Clean Water Fund - State Revolving Fund, 5.00%, 05/01/2036 (Callable 05/01/2027) | State of Connecticut Clean Water Fund - State Revolving Fund, 5.00%, 05/01/2036 (Callable 05/01/2027) | 1500000 | 1544171 |
|  State of Connecticut Special Tax Revenue, 5.00%, 10/01/2036 (Callable 10/01/2028) | State of Connecticut Special Tax Revenue, 5.00%, 10/01/2036 (Callable 10/01/2028) | 3000000 | 3145931 |
|  |  |  | 11605429 |
| **District of Columbia - 0.2%** | **District of Columbia - 0.2%** | **District of Columbia - 0.2%** | **District of Columbia - 0.2%** |
|  District of Columbia Housing Finance Agency, 3.15%, 05/01/2046 <sup>(a)</sup> | District of Columbia Housing Finance Agency, 3.15%, 05/01/2046 <sup>(a)</sup> | 2500000 | 2497373 |
| **Florida - 3.4%** | **Florida - 3.4%** | **Florida - 3.4%** | **Florida - 3.4%** |
|  Broward County Housing Finance Authority, 3.50%, 04/01/2041 (Callable 11/01/2025) <sup>(a)</sup> | Broward County Housing Finance Authority, 3.50%, 04/01/2041 (Callable 11/01/2025) <sup>(a)</sup> | 1000000 | 1000011 |
|  City of Fort Lauderdale FL Water & Sewer Revenue, 5.50%, 09/01/2048 (Callable 09/01/2033) | City of Fort Lauderdale FL Water & Sewer Revenue, 5.50%, 09/01/2048 (Callable 09/01/2033) | 3500000 | 3784730 |
|  City of Fort Myers FL, 4.00%, 12/01/2037 (Callable 12/01/2025) | City of Fort Myers FL, 4.00%, 12/01/2037 (Callable 12/01/2025) | 480000 | 480208 |
|  City of Melbourne FL Water & Sewer Revenue, 0.00%, 10/01/2026 <sup>(d)</sup> | City of Melbourne FL Water & Sewer Revenue, 0.00%, 10/01/2026 <sup>(d)</sup> | 40000 | 38943 |
|  City of Ocoee FL, 4.00%, 10/01/2040 (Callable 10/01/2030) | City of Ocoee FL, 4.00%, 10/01/2040 (Callable 10/01/2030) | 300000 | 300889 |
|  City of Orlando FL Tourist Development Tax Revenue, 5.00%, 11/01/2034 (Callable 11/01/2027) | City of Orlando FL Tourist Development Tax Revenue, 5.00%, 11/01/2034 (Callable 11/01/2027) | 1000000 | 1035313 |
| County of Miami-Dade FL | County of Miami-Dade FL | County of Miami-Dade FL | County of Miami-Dade FL |
| &nbsp;&nbsp; 0.00%, 10/01/2026 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 10/01/2026 <sup>(d)</sup> | 150000 | 146035 |
| &nbsp;&nbsp; 0.00%, 10/01/2027 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 10/01/2027 <sup>(d)</sup> | 370000 | 351102 |
| &nbsp;&nbsp; 5.25%, 10/01/2030 | &nbsp;&nbsp; 5.25%, 10/01/2030 | 4830000 | 5333886 |
| Florida Housing Finance Corp. | Florida Housing Finance Corp. | Florida Housing Finance Corp. | Florida Housing Finance Corp. |
| &nbsp;&nbsp; 5.00%, 12/01/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 12/01/2026 <sup>(a)</sup> | 2500000 | 2507545 |
| &nbsp;&nbsp; 1.94%, 08/01/2036 | &nbsp;&nbsp; 1.94%, 08/01/2036 | 4911665 | 3977858 |
| &nbsp;&nbsp; 4.20%, 01/01/2045 (Callable 01/01/2028) | &nbsp;&nbsp; 4.20%, 01/01/2045 (Callable 01/01/2028) | 2195000 | 2152383 |
| &nbsp;&nbsp; 3.50%, 07/01/2051 (Callable 07/01/2029) | &nbsp;&nbsp; 3.50%, 07/01/2051 (Callable 07/01/2029) | 525000 | 524619 |
| &nbsp;&nbsp; 5.25%, 07/01/2054 (Callable 07/01/2032) | &nbsp;&nbsp; 5.25%, 07/01/2054 (Callable 07/01/2032) | 310000 | 324973 |
|  Leon County - City of Tallahassee Blueprint Intergovernmental Agency, 4.00%, 10/01/2038 (Callable 10/01/2031) | Leon County - City of Tallahassee Blueprint Intergovernmental Agency, 4.00%, 10/01/2038 (Callable 10/01/2031) | 4805000 | 4852374 |
| Osceola County Expressway Authority | Osceola County Expressway Authority | Osceola County Expressway Authority | Osceola County Expressway Authority |
| &nbsp;&nbsp; 5.40%, 10/01/2028 | &nbsp;&nbsp; 5.40%, 10/01/2028 | 170000 | 183993 |
| &nbsp;&nbsp; 5.75%, 10/01/2031 | &nbsp;&nbsp; 5.75%, 10/01/2031 | 60000 | 69967 |
| &nbsp;&nbsp; 6.25%, 10/01/2042 (Callable 10/01/2031) | &nbsp;&nbsp; 6.25%, 10/01/2042 (Callable 10/01/2031) | 7540000 | 8972243 |
|  State of Florida, 3.00%, 07/01/2037 (Callable 07/01/2026) | State of Florida, 3.00%, 07/01/2037 (Callable 07/01/2026) | 510000 | 474575 |
|  |  |  | 36511647 |
| **Georgia - 2.6%** | **Georgia - 2.6%** | **Georgia - 2.6%** | **Georgia - 2.6%** |
|  City of Decatur GA, 3.00%, 08/01/2038 (Callable 11/01/2025) | City of Decatur GA, 3.00%, 08/01/2038 (Callable 11/01/2025) | 500000 | 450712 |
|  DeKalb County Housing Authority, 3.23%, 04/01/2026 | DeKalb County Housing Authority, 3.23%, 04/01/2026 | 530000 | 530327 |
|  DeKalb Newton & Gwinnett Counties Joint Development Authority, 5.00%, 06/01/2028 | DeKalb Newton & Gwinnett Counties Joint Development Authority, 5.00%, 06/01/2028 | 525000 | 554715 |
|  Forsyth County Hospital Authority, 6.38%, 10/01/2028 | Forsyth County Hospital Authority, 6.38%, 10/01/2028 | 4365000 | 4622354 |
| Georgia Housing & Finance Authority | Georgia Housing & Finance Authority | Georgia Housing & Finance Authority | Georgia Housing & Finance Authority |
| &nbsp;&nbsp; 3.50%, 12/01/2046 (Callable 12/01/2025) | &nbsp;&nbsp; 3.50%, 12/01/2046 (Callable 12/01/2025) | 35000 | 34984 |
| &nbsp;&nbsp; 2.50%, 06/01/2050 (Callable 06/10/2030) | &nbsp;&nbsp; 2.50%, 06/01/2050 (Callable 06/10/2030) | 1500000 | 1039033 |
|  Gwinnett County School District, 5.00%, 02/01/2040 (Callable 02/01/2029) | Gwinnett County School District, 5.00%, 02/01/2040 (Callable 02/01/2029) | 3000000 | 3124566 |
|  Homerville Housing Authority, 3.45%, 01/01/2028 <sup>(a)</sup> | Homerville Housing Authority, 3.45%, 01/01/2028 <sup>(a)</sup> | 1000000 | 1007005 |
| Main Street Natural Gas, Inc. | Main Street Natural Gas, Inc. | Main Street Natural Gas, Inc. | Main Street Natural Gas, Inc. |
| &nbsp;&nbsp; 4.00%, 07/01/2052 (Callable 06/01/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.00%, 07/01/2052 (Callable 06/01/2027) <sup>(a)</sup> | 1615000 | 1648957 |
| &nbsp;&nbsp; 5.00%, 07/01/2053 (Callable 12/01/2029) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 07/01/2053 (Callable 12/01/2029) <sup>(a)</sup> | 8000000 | 8607359 |
| &nbsp;&nbsp; 5.00%, 04/01/2054 (Callable 01/02/2031) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 04/01/2054 (Callable 01/02/2031) <sup>(a)</sup> | 5000000 | 5412050 |
|  State of Georgia, 4.00%, 02/01/2031 (Callable 11/01/2025) | State of Georgia, 4.00%, 02/01/2031 (Callable 11/01/2025) | 375000 | 375125 |
|  |  |  | 27407187 |
| **Hawaii - 0.1%** | **Hawaii - 0.1%** | **Hawaii - 0.1%** | **Hawaii - 0.1%** |
|  City & County of Honolulu HI, 5.00%, 09/01/2033 (Callable 09/01/2027) | City & County of Honolulu HI, 5.00%, 09/01/2033 (Callable 09/01/2027) | 1240000 | 1282475 |
| **Idaho - 0.3%** | **Idaho - 0.3%** | **Idaho - 0.3%** | **Idaho - 0.3%** |
|  Idaho Housing & Finance Association, 6.00%, 07/01/2054 (Callable 01/01/2033) | Idaho Housing & Finance Association, 6.00%, 07/01/2054 (Callable 01/01/2033) | 2650000 | 2931396 |
| **Illinois - 2.7%** | **Illinois - 2.7%** | **Illinois - 2.7%** | **Illinois - 2.7%** |
|  Cary Park District, 4.00%, 12/15/2032 (Callable 12/15/2026) | Cary Park District, 4.00%, 12/15/2032 (Callable 12/15/2026) | 125000 | 126177 |
|  Chillicothe Park District, 5.50%, 12/01/2029 | Chillicothe Park District, 5.50%, 12/01/2029 | 150000 | 164612 |
| City of Chicago IL | City of Chicago IL | City of Chicago IL | City of Chicago IL |
| &nbsp;&nbsp; 0.00%, 01/01/2027 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 01/01/2027 <sup>(d)</sup> | 75000 | 72249 |
| &nbsp;&nbsp; 0.00%, 01/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 01/01/2028 <sup>(d)</sup> | 350000 | 327755 |
|  Community Unit School District Number 427 DeKalb and Kane Counties Illinois, 0.00%, 01/01/2026 <sup>(d)</sup> | Community Unit School District Number 427 DeKalb and Kane Counties Illinois, 0.00%, 01/01/2026 <sup>(d)</sup> | 2785000 | 2764223 |
|  Cook County School District No 130 Blue Island, 5.00%, 12/01/2026 (Callable 12/01/2025) | Cook County School District No 130 Blue Island, 5.00%, 12/01/2026 (Callable 12/01/2025) | 1150000 | 1154129 |
| Cook County School District No 159 Matteson-Richton Park | Cook County School District No 159 Matteson-Richton Park | Cook County School District No 159 Matteson-Richton Park | Cook County School District No 159 Matteson-Richton Park |
| &nbsp;&nbsp; 0.00%, 12/01/2025 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/01/2025 <sup>(d)</sup> | 705000 | 701534 |
| &nbsp;&nbsp; 0.00%, 12/01/2026 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/01/2026 <sup>(d)</sup> | 460000 | 445162 |
| &nbsp;&nbsp; 0.00%, 12/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/01/2028 <sup>(d)</sup> | 535000 | 489981 |
|  County of Cook IL, 5.00%, 11/15/2033 (Callable 11/15/2027) | County of Cook IL, 5.00%, 11/15/2033 (Callable 11/15/2027) | 3000000 | 3123242 |
|  Fayette & Montgomery Counties Community Unit School District No 203 Vandalia, 5.00%, 12/01/2036 (Callable 12/01/2034) | Fayette & Montgomery Counties Community Unit School District No 203 Vandalia, 5.00%, 12/01/2036 (Callable 12/01/2034) | 305000 | 334383 |
|  Hoffman Estates Park District, 5.00%, 12/01/2040 (Callable 12/01/2030) | Hoffman Estates Park District, 5.00%, 12/01/2040 (Callable 12/01/2030) | 1415000 | 1472522 |
|  Illinois Development Finance Authority, 2.45%, 11/15/2039 <sup>(a)</sup> | Illinois Development Finance Authority, 2.45%, 11/15/2039 <sup>(a)</sup> | 2230000 | 2225502 |
| Illinois Finance Authority | Illinois Finance Authority | Illinois Finance Authority | Illinois Finance Authority |
| &nbsp;&nbsp; 5.25%, 08/15/2031 (Callable 08/15/2026) | &nbsp;&nbsp; 5.25%, 08/15/2031 (Callable 08/15/2026) | 1830000 | 1872940 |
| &nbsp;&nbsp; 4.00%, 02/15/2041 (Callable 02/15/2027) | &nbsp;&nbsp; 4.00%, 02/15/2041 (Callable 02/15/2027) | 495000 | 505319 |
| Illinois Housing Development Authority | Illinois Housing Development Authority | Illinois Housing Development Authority | Illinois Housing Development Authority |
| &nbsp;&nbsp; 3.15%, 02/01/2029 (Callable 02/01/2028) <sup>(a)</sup> | &nbsp;&nbsp; 3.15%, 02/01/2029 (Callable 02/01/2028) <sup>(a)</sup> | 2000000 | 2006601 |
| &nbsp;&nbsp; 3.10%, 02/01/2035 (Callable 02/01/2026) | &nbsp;&nbsp; 3.10%, 02/01/2035 (Callable 02/01/2026) | 875000 | 828734 |
| &nbsp;&nbsp; 3.50%, 08/01/2046 (Callable 02/01/2026) | &nbsp;&nbsp; 3.50%, 08/01/2046 (Callable 02/01/2026) | 320000 | 319585 |
| &nbsp;&nbsp; 4.00%, 08/01/2048 (Callable 08/01/2027) | &nbsp;&nbsp; 4.00%, 08/01/2048 (Callable 08/01/2027) | 210000 | 211457 |
|  Kane McHenry Cook & De Kalb Counties Unit School District No 300/IL, 5.00%, 01/01/2032 (Callable 01/01/2027) | Kane McHenry Cook & De Kalb Counties Unit School District No 300/IL, 5.00%, 01/01/2032 (Callable 01/01/2027) | 2085000 | 2149598 |
|  Knox & Warren Counties Community Unit School District No 205 Galesburg, 4.00%, 12/01/2034 (Callable 12/01/2027) | Knox & Warren Counties Community Unit School District No 205 Galesburg, 4.00%, 12/01/2034 (Callable 12/01/2027) | 425000 | 428591 |
|  Mason Logan & Tazewell Counties Community Unit School Dist No 189 Illini Central, 5.00%, 12/01/2040 (Callable 12/01/2028) | Mason Logan & Tazewell Counties Community Unit School Dist No 189 Illini Central, 5.00%, 12/01/2040 (Callable 12/01/2028) | 600000 | 623268 |
|  Metropolitan Water Reclamation District of Greater Chicago, 5.00%, 12/01/2034 (Callable 12/01/2026) | Metropolitan Water Reclamation District of Greater Chicago, 5.00%, 12/01/2034 (Callable 12/01/2026) | 295000 | 299353 |
|  Rock Island & Mercer Counties Community Unit School District No 300, 5.00%, 12/01/2040 (Callable 12/01/2034) | Rock Island & Mercer Counties Community Unit School District No 300, 5.00%, 12/01/2040 (Callable 12/01/2034) | 925000 | 1002818 |
|  State of Illinois Sales Tax Revenue, 4.00%, 06/15/2038 (Callable 06/15/2028) | State of Illinois Sales Tax Revenue, 4.00%, 06/15/2038 (Callable 06/15/2028) | 1850000 | 1844541 |
|  Village of Downers Grove IL, 4.00%, 01/01/2038 (Callable 01/01/2026) | Village of Downers Grove IL, 4.00%, 01/01/2038 (Callable 01/01/2026) | 375000 | 375003 |
|  Village of Manhattan IL, 4.00%, 01/01/2030 (Callable 01/01/2027) | Village of Manhattan IL, 4.00%, 01/01/2030 (Callable 01/01/2027) | 250000 | 253131 |
|  Village of Romeoville IL, 4.00%, 12/30/2030 (Callable 12/30/2028) | Village of Romeoville IL, 4.00%, 12/30/2030 (Callable 12/30/2028) | 1320000 | 1366626 |
|  Village of Schaumburg IL, 4.00%, 12/01/2028 | Village of Schaumburg IL, 4.00%, 12/01/2028 | 470000 | 490979 |
|  Waukegan Park District, 3.13%, 12/15/2028 (Callable 11/01/2025) | Waukegan Park District, 3.13%, 12/15/2028 (Callable 11/01/2025) | 390000 | 388704 |
|  Will County School District No 122, 0.00%, 10/01/2027 <sup>(d)</sup> | Will County School District No 122, 0.00%, 10/01/2027 <sup>(d)</sup> | 470000 | 445994 |
|  |  |  | 28814713 |
| **Indiana - 2.8%** | **Indiana - 2.8%** | **Indiana - 2.8%** | **Indiana - 2.8%** |
| Bluffton-Harrison Middle School Building Corp. | Bluffton-Harrison Middle School Building Corp. | Bluffton-Harrison Middle School Building Corp. | Bluffton-Harrison Middle School Building Corp. |
| &nbsp;&nbsp; 5.00%, 07/15/2035 (Callable 07/15/2033) | &nbsp;&nbsp; 5.00%, 07/15/2035 (Callable 07/15/2033) | 465000 | 515304 |
| &nbsp;&nbsp; 5.00%, 07/15/2037 (Callable 07/15/2033) | &nbsp;&nbsp; 5.00%, 07/15/2037 (Callable 07/15/2033) | 540000 | 587080 |
| &nbsp;&nbsp; 5.00%, 07/15/2039 (Callable 07/15/2033) | &nbsp;&nbsp; 5.00%, 07/15/2039 (Callable 07/15/2033) | 350000 | 375085 |
|  Brownsburg 1999 School Building Corp., 5.50%, 01/15/2043 (Callable 07/15/2031) | Brownsburg 1999 School Building Corp., 5.50%, 01/15/2043 (Callable 07/15/2031) | 1460000 | 1555347 |
|  City of Evansville IN, 5.00%, 02/01/2029 (Callable 02/01/2026) | City of Evansville IN, 5.00%, 02/01/2029 (Callable 02/01/2026) | 735000 | 739456 |
| City of West Lafayette IN Sewer Revenue | City of West Lafayette IN Sewer Revenue | City of West Lafayette IN Sewer Revenue | City of West Lafayette IN Sewer Revenue |
| &nbsp;&nbsp; 5.00%, 07/01/2041 (Callable 07/01/2034) | &nbsp;&nbsp; 5.00%, 07/01/2041 (Callable 07/01/2034) | 800000 | 846189 |
| &nbsp;&nbsp; 5.00%, 07/01/2043 (Callable 07/01/2034) | &nbsp;&nbsp; 5.00%, 07/01/2043 (Callable 07/01/2034) | 440000 | 459053 |
|  Clark-Pleasant Community School Building Corp., 5.00%, 07/15/2042 (Callable 07/15/2034) | Clark-Pleasant Community School Building Corp., 5.00%, 07/15/2042 (Callable 07/15/2034) | 1600000 | 1689580 |
| Columbus Multi School Building Corp. | Columbus Multi School Building Corp. | Columbus Multi School Building Corp. | Columbus Multi School Building Corp. |
| &nbsp;&nbsp; 5.00%, 07/15/2039 (Callable 07/15/2034) | &nbsp;&nbsp; 5.00%, 07/15/2039 (Callable 07/15/2034) | 310000 | 336953 |
| &nbsp;&nbsp; 5.00%, 07/15/2040 (Callable 07/15/2034) | &nbsp;&nbsp; 5.00%, 07/15/2040 (Callable 07/15/2034) | 425000 | 457489 |
| &nbsp;&nbsp; 5.00%, 07/15/2041 (Callable 07/15/2034) | &nbsp;&nbsp; 5.00%, 07/15/2041 (Callable 07/15/2034) | 400000 | 426511 |
| Fishers Redevelopment Authority | Fishers Redevelopment Authority | Fishers Redevelopment Authority | Fishers Redevelopment Authority |
| &nbsp;&nbsp; 4.00%, 07/15/2042 (Callable 01/15/2034) | &nbsp;&nbsp; 4.00%, 07/15/2042 (Callable 01/15/2034) | 1000000 | 933003 |
| &nbsp;&nbsp; 4.00%, 01/15/2044 (Callable 01/15/2034) | &nbsp;&nbsp; 4.00%, 01/15/2044 (Callable 01/15/2034) | 1000000 | 915167 |
|  Fishers Town Hall Building Corp., 5.50%, 07/15/2040 (Callable 07/15/2032) | Fishers Town Hall Building Corp., 5.50%, 07/15/2040 (Callable 07/15/2032) | 1000000 | 1106051 |
|  Hammond Multi-School Building Corp., 5.00%, 07/15/2033 (Callable 01/15/2028) | Hammond Multi-School Building Corp., 5.00%, 07/15/2033 (Callable 01/15/2028) | 820000 | 854911 |
|  Indiana Housing & Community Development Authority, 5.75%, 07/01/2053 (Callable 07/01/2032) | Indiana Housing & Community Development Authority, 5.75%, 07/01/2053 (Callable 07/01/2032) | 720000 | 764441 |
|  Indianapolis Local Public Improvement Bond Bank, 6.00%, 02/01/2048 (Callable 02/01/2033) | Indianapolis Local Public Improvement Bond Bank, 6.00%, 02/01/2048 (Callable 02/01/2033) | 2000000 | 2222895 |
|  Lake Ridge Multi-School Building Corp., 5.50%, 01/15/2042 (Callable 07/15/2032) | Lake Ridge Multi-School Building Corp., 5.50%, 01/15/2042 (Callable 07/15/2032) | 2000000 | 2153210 |
|  MSD of Wabash County Multi-School Building Corp., 5.00%, 01/15/2044 (Callable 07/15/2034) | MSD of Wabash County Multi-School Building Corp., 5.00%, 01/15/2044 (Callable 07/15/2034) | 1275000 | 1339548 |
|  Nineveh-Hensley-Jackson Intermediate School Building Corp., 5.00%, 07/15/2038 (Callable 07/15/2032) | Nineveh-Hensley-Jackson Intermediate School Building Corp., 5.00%, 07/15/2038 (Callable 07/15/2032) | 800000 | 853204 |
|  Northwestern School Building Corp., 6.00%, 07/15/2040 (Callable 07/15/2031) | Northwestern School Building Corp., 6.00%, 07/15/2040 (Callable 07/15/2031) | 700000 | 775442 |
|  Perry Central Multi-School Building Corp., 5.00%, 07/15/2038 (Callable 07/15/2033) | Perry Central Multi-School Building Corp., 5.00%, 07/15/2038 (Callable 07/15/2033) | 375000 | 403619 |
| Richmond Multi-School Building Corp. | Richmond Multi-School Building Corp. | Richmond Multi-School Building Corp. | Richmond Multi-School Building Corp. |
| &nbsp;&nbsp; 5.00%, 07/15/2036 (Callable 07/15/2032) | &nbsp;&nbsp; 5.00%, 07/15/2036 (Callable 07/15/2032) | 300000 | 329593 |
| &nbsp;&nbsp; 5.00%, 07/15/2037 (Callable 07/15/2032) | &nbsp;&nbsp; 5.00%, 07/15/2037 (Callable 07/15/2032) | 225000 | 245589 |
| &nbsp;&nbsp; 5.00%, 07/15/2038 (Callable 07/15/2032) | &nbsp;&nbsp; 5.00%, 07/15/2038 (Callable 07/15/2032) | 235000 | 254613 |
| &nbsp;&nbsp; 5.00%, 01/15/2040 (Callable 07/15/2032) | &nbsp;&nbsp; 5.00%, 01/15/2040 (Callable 07/15/2032) | 195000 | 207666 |
|  Speedway Multi-School Building Corp., 5.00%, 01/15/2044 (Callable 07/15/2034) | Speedway Multi-School Building Corp., 5.00%, 01/15/2044 (Callable 07/15/2034) | 755000 | 784813 |
| Sunman-Dearborn High School Building Corp. | Sunman-Dearborn High School Building Corp. | Sunman-Dearborn High School Building Corp. | Sunman-Dearborn High School Building Corp. |
| &nbsp;&nbsp; 5.00%, 07/15/2043 (Callable 07/15/2033) | &nbsp;&nbsp; 5.00%, 07/15/2043 (Callable 07/15/2033) | 3550000 | 3710978 |
| &nbsp;&nbsp; 5.00%, 01/15/2044 (Callable 07/15/2033) | &nbsp;&nbsp; 5.00%, 01/15/2044 (Callable 07/15/2033) | 550000 | 572217 |
|  Wawasee High School Building Corp., 5.00%, 07/15/2041 (Callable 07/15/2034) | Wawasee High School Building Corp., 5.00%, 07/15/2041 (Callable 07/15/2034) | 2485000 | 2651592 |
|  Westfield-Washington Multi-School Building Corp., 5.25%, 01/15/2044 (Callable 07/15/2034) | Westfield-Washington Multi-School Building Corp., 5.25%, 01/15/2044 (Callable 07/15/2034) | 1100000 | 1168188 |
|  |  |  | 30234787 |
| **Iowa - 1.1%** | **Iowa - 1.1%** | **Iowa - 1.1%** | **Iowa - 1.1%** |
|  Clinton Community School District/IA Infrastructure Sales Services & Use Tax, 4.38%, 07/01/2036 (Callable 07/01/2028) | Clinton Community School District/IA Infrastructure Sales Services & Use Tax, 4.38%, 07/01/2036 (Callable 07/01/2028) | 2100000 | 2144730 |
| County of Dallas IA Local Option Sales & Services Tax Revenue | County of Dallas IA Local Option Sales & Services Tax Revenue | County of Dallas IA Local Option Sales & Services Tax Revenue | County of Dallas IA Local Option Sales & Services Tax Revenue |
| &nbsp;&nbsp; 5.00%, 06/01/2042 (Callable 06/01/2032) | &nbsp;&nbsp; 5.00%, 06/01/2042 (Callable 06/01/2032) | 1680000 | 1768122 |
| &nbsp;&nbsp; 5.00%, 06/01/2043 (Callable 06/01/2032) | &nbsp;&nbsp; 5.00%, 06/01/2043 (Callable 06/01/2032) | 1765000 | 1846002 |
| &nbsp;&nbsp; 4.00%, 06/01/2044 (Callable 06/01/2032) | &nbsp;&nbsp; 4.00%, 06/01/2044 (Callable 06/01/2032) | 600000 | 551802 |
| &nbsp;&nbsp; 4.00%, 06/01/2045 (Callable 06/01/2032) | &nbsp;&nbsp; 4.00%, 06/01/2045 (Callable 06/01/2032) | 500000 | 458870 |
| Iowa Finance Authority | Iowa Finance Authority | Iowa Finance Authority | Iowa Finance Authority |
| &nbsp;&nbsp; 5.00%, 08/01/2037 (Callable 08/01/2030) | &nbsp;&nbsp; 5.00%, 08/01/2037 (Callable 08/01/2030) | 1020000 | 1089189 |
| &nbsp;&nbsp; 4.00%, 07/01/2047 (Callable 07/01/2028) | &nbsp;&nbsp; 4.00%, 07/01/2047 (Callable 07/01/2028) | 770000 | 779578 |
| &nbsp;&nbsp; 5.00%, 12/01/2050 (Callable 12/01/2032) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 12/01/2050 (Callable 12/01/2032) <sup>(a)</sup> | 730000 | 839995 |
| &nbsp;&nbsp; 5.50%, 07/01/2053 (Callable 01/01/2033) | &nbsp;&nbsp; 5.50%, 07/01/2053 (Callable 01/01/2033) | 2565000 | 2727933 |
|  |  |  | 12206221 |
| **Kansas - 0.7%** | **Kansas - 0.7%** | **Kansas - 0.7%** | **Kansas - 0.7%** |
|  City of Abilene KS, 3.38%, 03/01/2029 (Callable 03/01/2027) | City of Abilene KS, 3.38%, 03/01/2029 (Callable 03/01/2027) | 3000000 | 3015295 |
| City of Goddard KS | City of Goddard KS | City of Goddard KS | City of Goddard KS |
| &nbsp;&nbsp; 5.00%, 12/01/2025 (Callable 11/01/2025) | &nbsp;&nbsp; 5.00%, 12/01/2025 (Callable 11/01/2025) | 530000 | 530801 |
| &nbsp;&nbsp; 3.20%, 12/01/2027 (Callable 06/01/2027) | &nbsp;&nbsp; 3.20%, 12/01/2027 (Callable 06/01/2027) | 1895000 | 1897506 |
|  Crawford County Unified School District No 250 Pittsburg, 5.00%, 09/01/2035 (Callable 09/01/2027) | Crawford County Unified School District No 250 Pittsburg, 5.00%, 09/01/2035 (Callable 09/01/2027) | 60000 | 63000 |
|  Kansas Development Finance Authority, 5.00%, 11/15/2054 (Callable 11/15/2028) <sup>(a)</sup> | Kansas Development Finance Authority, 5.00%, 11/15/2054 (Callable 11/15/2028) <sup>(a)</sup> | 1615000 | 1721262 |
|  |  |  | 7227864 |
| **Kentucky - 0.6%** | **Kentucky - 0.6%** | **Kentucky - 0.6%** | **Kentucky - 0.6%** |
|  City of Versailles KY, 3.00%, 08/15/2026 (Callable 11/01/2025) | City of Versailles KY, 3.00%, 08/15/2026 (Callable 11/01/2025) | 2000000 | 1997766 |
|  Kentucky Bond Development Corp., 3.00%, 05/01/2034 (Callable 05/01/2026) | Kentucky Bond Development Corp., 3.00%, 05/01/2034 (Callable 05/01/2026) | 695000 | 673466 |
| Kentucky Housing Corp. | Kentucky Housing Corp. | Kentucky Housing Corp. | Kentucky Housing Corp. |
| &nbsp;&nbsp; 3.50%, 07/01/2028 (Callable 01/01/2027) <sup>(a)</sup> | &nbsp;&nbsp; 3.50%, 07/01/2028 (Callable 01/01/2027) <sup>(a)</sup> | 2000000 | 2016306 |
| &nbsp;&nbsp; 5.00%, 09/01/2043 (Callable 03/01/2026) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 09/01/2043 (Callable 03/01/2026) <sup>(a)</sup> | 1615000 | 1628291 |
|  |  |  | 6315829 |
| **Louisiana - 3.8%** | **Louisiana - 3.8%** | **Louisiana - 3.8%** | **Louisiana - 3.8%** |
|  Louisiana Housing Corp., 4.00%, 01/01/2043 (Callable 07/01/2026) <sup>(a)</sup> | Louisiana Housing Corp., 4.00%, 01/01/2043 (Callable 07/01/2026) <sup>(a)</sup> | 3650000 | 3677847 |
| Louisiana Public Facilities Authority | Louisiana Public Facilities Authority | Louisiana Public Facilities Authority | Louisiana Public Facilities Authority |
| &nbsp;&nbsp; 5.50%, 05/15/2027 (Callable 05/15/2026) | &nbsp;&nbsp; 5.50%, 05/15/2027 (Callable 05/15/2026) | 14065000 | 14313203 |
| &nbsp;&nbsp; 5.50%, 05/15/2032 (Callable 05/15/2026) | &nbsp;&nbsp; 5.50%, 05/15/2032 (Callable 05/15/2026) | 22190000 | 22581585 |
| &nbsp;&nbsp; 4.00%, 04/01/2050 (Callable 04/01/2030) | &nbsp;&nbsp; 4.00%, 04/01/2050 (Callable 04/01/2030) | 260000 | 274196 |
|  |  |  | 40846831 |
| **Maine - 0.0%<sup>(e)</sup>** | **Maine - 0.0%<sup>(e)</sup>** | **Maine - 0.0%<sup>(e)</sup>** | **Maine - 0.0%<sup>(e)</sup>** |
|  Maine State Housing Authority, 3.50%, 11/15/2047 (Callable 11/15/2026) | Maine State Housing Authority, 3.50%, 11/15/2047 (Callable 11/15/2026) | 10000 | 9989 |
| **Maryland - 0.4%** | **Maryland - 0.4%** | **Maryland - 0.4%** | **Maryland - 0.4%** |
|  City of Baltimore MD, 5.00%, 07/01/2028 | City of Baltimore MD, 5.00%, 07/01/2028 | 120000 | 124243 |
|  County of Anne Arundel MD, 5.00%, 10/01/2037 (Callable 10/01/2027) | County of Anne Arundel MD, 5.00%, 10/01/2037 (Callable 10/01/2027) | 2785000 | 2869192 |
|  County of Cecil MD, 2.75%, 08/01/2039 (Callable 08/01/2029) | County of Cecil MD, 2.75%, 08/01/2039 (Callable 08/01/2029) | 230000 | 229493 |
|  Maryland Health & Higher Educational Facilities Authority, 5.00%, 07/01/2027 | Maryland Health & Higher Educational Facilities Authority, 5.00%, 07/01/2027 | 750000 | 767508 |
|  |  |  | 3990436 |
| **Massachusetts - 1.0%** | **Massachusetts - 1.0%** | **Massachusetts - 1.0%** | **Massachusetts - 1.0%** |
|  Commonwealth of Massachusetts, 5.25%, 09/01/2043 (Callable 09/01/2028) | Commonwealth of Massachusetts, 5.25%, 09/01/2043 (Callable 09/01/2028) | 2000000 | 2064967 |
|  Massachusetts Bay Transportation Authority Sales Tax Revenue, 0.00%, 07/01/2030 (Callable 07/01/2026) <sup>(d)</sup> | Massachusetts Bay Transportation Authority Sales Tax Revenue, 0.00%, 07/01/2030 (Callable 07/01/2026) <sup>(d)</sup> | 1400000 | 1214254 |
| Massachusetts Housing Finance Agency | Massachusetts Housing Finance Agency | Massachusetts Housing Finance Agency | Massachusetts Housing Finance Agency |
| &nbsp;&nbsp; 4.00%, 12/01/2044 (Callable 10/06/2025) | &nbsp;&nbsp; 4.00%, 12/01/2044 (Callable 10/06/2025) | 85000 | 85013 |
| &nbsp;&nbsp; 4.00%, 12/01/2048 (Callable 06/01/2027) | &nbsp;&nbsp; 4.00%, 12/01/2048 (Callable 06/01/2027) | 560000 | 562196 |
| &nbsp;&nbsp; 4.00%, 06/01/2049 (Callable 12/01/2028) | &nbsp;&nbsp; 4.00%, 06/01/2049 (Callable 12/01/2028) | 280000 | 281942 |
| &nbsp;&nbsp; 3.00%, 12/01/2050 (Callable 12/01/2029) | &nbsp;&nbsp; 3.00%, 12/01/2050 (Callable 12/01/2029) | 130000 | 128721 |
| Massachusetts State College Building Authority | Massachusetts State College Building Authority | Massachusetts State College Building Authority | Massachusetts State College Building Authority |
| &nbsp;&nbsp; 0.00%, 05/01/2027 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 05/01/2027 <sup>(d)</sup> | 695000 | 664762 |
| &nbsp;&nbsp; 0.00%, 05/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 05/01/2028 <sup>(d)</sup> | 5790000 | 5389836 |
|  |  |  | 10391691 |
| **Michigan - 1.9%** | **Michigan - 1.9%** | **Michigan - 1.9%** | **Michigan - 1.9%** |
| Carman-Ainsworth Community Schools | Carman-Ainsworth Community Schools | Carman-Ainsworth Community Schools | Carman-Ainsworth Community Schools |
| &nbsp;&nbsp; 5.00%, 05/01/2040 (Callable 05/01/2035) | &nbsp;&nbsp; 5.00%, 05/01/2040 (Callable 05/01/2035) | 200000 | 219041 |
| &nbsp;&nbsp; 5.00%, 05/01/2041 (Callable 05/01/2035) | &nbsp;&nbsp; 5.00%, 05/01/2041 (Callable 05/01/2035) | 345000 | 373725 |
| &nbsp;&nbsp; 5.00%, 05/01/2042 (Callable 05/01/2035) | &nbsp;&nbsp; 5.00%, 05/01/2042 (Callable 05/01/2035) | 500000 | 536425 |
| &nbsp;&nbsp; 5.00%, 05/01/2043 (Callable 05/01/2035) | &nbsp;&nbsp; 5.00%, 05/01/2043 (Callable 05/01/2035) | 370000 | 394300 |
| &nbsp;&nbsp; 5.00%, 05/01/2044 (Callable 05/01/2035) | &nbsp;&nbsp; 5.00%, 05/01/2044 (Callable 05/01/2035) | 440000 | 466264 |
|  City of Ferndale MI, 3.00%, 04/01/2032 (Callable 04/01/2029) | City of Ferndale MI, 3.00%, 04/01/2032 (Callable 04/01/2029) | 450000 | 447352 |
|  Michigan Finance Authority, 5.00%, 11/01/2044 (Callable 11/01/2025) | Michigan Finance Authority, 5.00%, 11/01/2044 (Callable 11/01/2025) | 1000000 | 1000297 |
| Michigan State Housing Development Authority | Michigan State Housing Development Authority | Michigan State Housing Development Authority | Michigan State Housing Development Authority |
| &nbsp;&nbsp; 2.70%, 12/01/2034 (Callable 12/01/2028) | &nbsp;&nbsp; 2.70%, 12/01/2034 (Callable 12/01/2028) | 4700000 | 4249526 |
| &nbsp;&nbsp; 3.25%, 10/01/2037 (Callable 11/01/2025) | &nbsp;&nbsp; 3.25%, 10/01/2037 (Callable 11/01/2025) | 755000 | 701115 |
| &nbsp;&nbsp; 4.00%, 06/01/2046 (Callable 12/01/2025) | &nbsp;&nbsp; 4.00%, 06/01/2046 (Callable 12/01/2025) | 70000 | 70025 |
| &nbsp;&nbsp; 4.25%, 12/01/2049 (Callable 06/01/2028) | &nbsp;&nbsp; 4.25%, 12/01/2049 (Callable 06/01/2028) | 1385000 | 1400066 |
| &nbsp;&nbsp; 5.00%, 06/01/2053 (Callable 12/01/2031) | &nbsp;&nbsp; 5.00%, 06/01/2053 (Callable 12/01/2031) | 710000 | 741613 |
| &nbsp;&nbsp; 5.50%, 06/01/2053 (Callable 12/01/2031) | &nbsp;&nbsp; 5.50%, 06/01/2053 (Callable 12/01/2031) | 1585000 | 1677785 |
| Warren Consolidated Schools | Warren Consolidated Schools | Warren Consolidated Schools | Warren Consolidated Schools |
| &nbsp;&nbsp; 5.00%, 05/01/2033 (Callable 05/01/2026) | &nbsp;&nbsp; 5.00%, 05/01/2033 (Callable 05/01/2026) | 7255000 | 7318405 |
| &nbsp;&nbsp; 5.00%, 05/01/2035 (Callable 05/01/2026) | &nbsp;&nbsp; 5.00%, 05/01/2035 (Callable 05/01/2026) | 950000 | 956712 |
|  |  |  | 20552651 |
| **Minnesota - 1.2%** | **Minnesota - 1.2%** | **Minnesota - 1.2%** | **Minnesota - 1.2%** |
|  City of Coon Rapids MN, 5.60%, 12/01/2039 | City of Coon Rapids MN, 5.60%, 12/01/2039 | 2480178 | 2728971 |
|  City of Kiester MN, 4.00%, 12/01/2026 (Callable 06/01/2026) | City of Kiester MN, 4.00%, 12/01/2026 (Callable 06/01/2026) | 1190000 | 1197835 |
|  County of Hennepin MN, 5.00%, 12/01/2035 (Callable 12/01/2026) | County of Hennepin MN, 5.00%, 12/01/2035 (Callable 12/01/2026) | 1835000 | 1876696 |
|  County of Washington MN, 2.13%, 02/01/2033 (Callable 02/01/2028) | County of Washington MN, 2.13%, 02/01/2033 (Callable 02/01/2028) | 1495000 | 1367685 |
| Duluth Independent School District No 709 | Duluth Independent School District No 709 | Duluth Independent School District No 709 | Duluth Independent School District No 709 |
| &nbsp;&nbsp; 2.60%, 03/01/2028 | &nbsp;&nbsp; 2.60%, 03/01/2028 | 1415000 | 1412089 |
| &nbsp;&nbsp; 4.20%, 03/01/2034 (Callable 03/01/2027) | &nbsp;&nbsp; 4.20%, 03/01/2034 (Callable 03/01/2027) | 665000 | 678891 |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | Housing & Redevelopment Authority of The City of St Paul Minnesota | Housing & Redevelopment Authority of The City of St Paul Minnesota | Housing & Redevelopment Authority of The City of St Paul Minnesota |
| &nbsp;&nbsp; 4.50%, 07/01/2028 (Callable 07/01/2026) | &nbsp;&nbsp; 4.50%, 07/01/2028 (Callable 07/01/2026) | 265000 | 268354 |
| &nbsp;&nbsp; 5.00%, 07/01/2036 (Callable 07/01/2026) | &nbsp;&nbsp; 5.00%, 07/01/2036 (Callable 07/01/2026) | 1315000 | 1336485 |
| Minnesota Housing Finance Agency | Minnesota Housing Finance Agency | Minnesota Housing Finance Agency | Minnesota Housing Finance Agency |
| &nbsp;&nbsp; 4.00%, 07/01/2047 (Callable 01/01/2027) | &nbsp;&nbsp; 4.00%, 07/01/2047 (Callable 01/01/2027) | 55000 | 55145 |
| &nbsp;&nbsp; 4.25%, 07/01/2049 (Callable 07/01/2028) | &nbsp;&nbsp; 4.25%, 07/01/2049 (Callable 07/01/2028) | 485000 | 491703 |
| &nbsp;&nbsp; 6.25%, 07/01/2054 (Callable 01/01/2033) | &nbsp;&nbsp; 6.25%, 07/01/2054 (Callable 01/01/2033) | 1840000 | 2000568 |
|  |  |  | 13414422 |
| **Mississippi - 0.7%** | **Mississippi - 0.7%** | **Mississippi - 0.7%** | **Mississippi - 0.7%** |
|  County of Warren MS, 6.00%, 09/01/2036 (Callable 09/01/2033) | County of Warren MS, 6.00%, 09/01/2036 (Callable 09/01/2033) | 625000 | 734004 |
|  Mississippi Development Bank, 5.25%, 03/01/2035 (Callable 03/01/2028) | Mississippi Development Bank, 5.25%, 03/01/2035 (Callable 03/01/2028) | 495000 | 505808 |
| Mississippi Home Corp. | Mississippi Home Corp. | Mississippi Home Corp. | Mississippi Home Corp. |
| &nbsp;&nbsp; 4.40%, 12/01/2043 (Callable 12/01/2031) | &nbsp;&nbsp; 4.40%, 12/01/2043 (Callable 12/01/2031) | 1250000 | 1252879 |
| &nbsp;&nbsp; 4.65%, 12/01/2044 (Callable 06/01/2033) | &nbsp;&nbsp; 4.65%, 12/01/2044 (Callable 06/01/2033) | 2345000 | 2379880 |
|  West Rankin Utility Authority, 5.00%, 01/01/2043 (Callable 01/01/2028) | West Rankin Utility Authority, 5.00%, 01/01/2043 (Callable 01/01/2028) | 2500000 | 2645436 |
|  |  |  | 7518007 |
| **Missouri - 2.5%** | **Missouri - 2.5%** | **Missouri - 2.5%** | **Missouri - 2.5%** |
| Arcadia Valley R-II School District | Arcadia Valley R-II School District | Arcadia Valley R-II School District | Arcadia Valley R-II School District |
| &nbsp;&nbsp; 5.00%, 03/01/2033 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2033 (Callable 03/01/2030) | 110000 | 118821 |
| &nbsp;&nbsp; 5.00%, 03/01/2034 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2034 (Callable 03/01/2030) | 295000 | 316451 |
| &nbsp;&nbsp; 5.00%, 03/01/2036 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2036 (Callable 03/01/2030) | 325000 | 344846 |
| &nbsp;&nbsp; 5.00%, 03/01/2038 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2038 (Callable 03/01/2030) | 360000 | 378697 |
| &nbsp;&nbsp; 5.00%, 03/01/2039 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2039 (Callable 03/01/2030) | 380000 | 399336 |
| &nbsp;&nbsp; 5.00%, 03/01/2040 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2040 (Callable 03/01/2030) | 395000 | 414196 |
| &nbsp;&nbsp; 5.00%, 03/01/2041 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2041 (Callable 03/01/2030) | 415000 | 433915 |
|  Cameron School District No R-I/MO, 4.00%, 03/01/2037 (Callable 03/01/2030) | Cameron School District No R-I/MO, 4.00%, 03/01/2037 (Callable 03/01/2030) | 715000 | 718654 |
|  Carl Junction R-I School District/MO, 5.00%, 03/01/2035 (Callable 03/01/2029) | Carl Junction R-I School District/MO, 5.00%, 03/01/2035 (Callable 03/01/2029) | 565000 | 603128 |
| Cass County Reorganized School District No R-1 Midway | Cass County Reorganized School District No R-1 Midway | Cass County Reorganized School District No R-1 Midway | Cass County Reorganized School District No R-1 Midway |
| &nbsp;&nbsp; 5.00%, 03/01/2042 (Callable 03/01/2029) | &nbsp;&nbsp; 5.00%, 03/01/2042 (Callable 03/01/2029) | 550000 | 575988 |
| &nbsp;&nbsp; 5.00%, 03/01/2044 (Callable 03/01/2029) | &nbsp;&nbsp; 5.00%, 03/01/2044 (Callable 03/01/2029) | 700000 | 728953 |
|  De Soto School District No 73, 5.00%, 03/01/2035 (Callable 03/01/2030) | De Soto School District No 73, 5.00%, 03/01/2035 (Callable 03/01/2030) | 250000 | 270084 |
|  Jackson County Consolidated School District No 4, 5.75%, 03/01/2044 (Callable 03/01/2035) | Jackson County Consolidated School District No 4, 5.75%, 03/01/2044 (Callable 03/01/2035) | 750000 | 835588 |
|  Jackson County School District No. R-IV, 5.50%, 03/01/2037 (Callable 03/01/2029) | Jackson County School District No. R-IV, 5.50%, 03/01/2037 (Callable 03/01/2029) | 1040000 | 1114946 |
| Jefferson County School District No R-VI Festus | Jefferson County School District No R-VI Festus | Jefferson County School District No R-VI Festus | Jefferson County School District No R-VI Festus |
| &nbsp;&nbsp; 5.25%, 04/01/2039 (Callable 04/01/2033) | &nbsp;&nbsp; 5.25%, 04/01/2039 (Callable 04/01/2033) | 200000 | 217161 |
| &nbsp;&nbsp; 5.25%, 04/01/2040 (Callable 04/01/2033) | &nbsp;&nbsp; 5.25%, 04/01/2040 (Callable 04/01/2033) | 175000 | 188727 |
| &nbsp;&nbsp; 5.25%, 04/01/2041 (Callable 04/01/2033) | &nbsp;&nbsp; 5.25%, 04/01/2041 (Callable 04/01/2033) | 205000 | 218705 |
| Mexico School District No 59 | Mexico School District No 59 | Mexico School District No 59 | Mexico School District No 59 |
| &nbsp;&nbsp; 5.00%, 03/01/2042 (Callable 03/01/2029) | &nbsp;&nbsp; 5.00%, 03/01/2042 (Callable 03/01/2029) | 2250000 | 2355578 |
| &nbsp;&nbsp; 5.00%, 03/01/2043 (Callable 03/01/2029) | &nbsp;&nbsp; 5.00%, 03/01/2043 (Callable 03/01/2029) | 1000000 | 1044629 |
|  Missouri Housing Development Commission, 5.50%, 05/01/2055 (Callable 05/01/2033) | Missouri Housing Development Commission, 5.50%, 05/01/2055 (Callable 05/01/2033) | 1965000 | 2119390 |
| North Callaway County School District No R-1 | North Callaway County School District No R-1 | North Callaway County School District No R-1 | North Callaway County School District No R-1 |
| &nbsp;&nbsp; 5.00%, 03/01/2035 (Callable 03/01/2029) | &nbsp;&nbsp; 5.00%, 03/01/2035 (Callable 03/01/2029) | 850000 | 907361 |
| &nbsp;&nbsp; 5.00%, 03/01/2036 (Callable 03/01/2029) | &nbsp;&nbsp; 5.00%, 03/01/2036 (Callable 03/01/2029) | 1030000 | 1097090 |
| &nbsp;&nbsp; 5.00%, 03/01/2037 (Callable 03/01/2029) | &nbsp;&nbsp; 5.00%, 03/01/2037 (Callable 03/01/2029) | 1100000 | 1169440 |
|  Orchard Farm R-V School District/MO, 3.00%, 04/01/2035 (Callable 04/01/2029) | Orchard Farm R-V School District/MO, 3.00%, 04/01/2035 (Callable 04/01/2029) | 425000 | 430402 |
|  Pattonville R-3 School District, 5.25%, 03/01/2041 (Callable 03/01/2031) | Pattonville R-3 School District, 5.25%, 03/01/2041 (Callable 03/01/2031) | 1000000 | 1072644 |
| Pleasant Hill R-III School District | Pleasant Hill R-III School District | Pleasant Hill R-III School District | Pleasant Hill R-III School District |
| &nbsp;&nbsp; 5.00%, 03/01/2042 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2042 (Callable 03/01/2030) | 2120000 | 2173232 |
| &nbsp;&nbsp; 5.00%, 03/01/2043 (Callable 03/01/2030) | &nbsp;&nbsp; 5.00%, 03/01/2043 (Callable 03/01/2030) | 2460000 | 2516809 |
|  Taney County Reorganized School District No R-V Hollister, 5.50%, 03/01/2040 (Callable 03/01/2034) | Taney County Reorganized School District No R-V Hollister, 5.50%, 03/01/2040 (Callable 03/01/2034) | 385000 | 427123 |
|  Troy Reorganized School District No 3 Lincoln County, 5.00%, 03/01/2042 (Callable 03/01/2032) | Troy Reorganized School District No 3 Lincoln County, 5.00%, 03/01/2042 (Callable 03/01/2032) | 1000000 | 1054879 |
|  Union R-XI School District, 5.00%, 03/01/2041 (Callable 03/01/2032) | Union R-XI School District, 5.00%, 03/01/2041 (Callable 03/01/2032) | 1000000 | 1058361 |
| Warrensburg School District No R-VI | Warrensburg School District No R-VI | Warrensburg School District No R-VI | Warrensburg School District No R-VI |
| &nbsp;&nbsp; 5.75%, 03/01/2041 (Callable 03/01/2035) | &nbsp;&nbsp; 5.75%, 03/01/2041 (Callable 03/01/2035) | 525000 | 595703 |
| &nbsp;&nbsp; 5.75%, 03/01/2042 (Callable 03/01/2035) | &nbsp;&nbsp; 5.75%, 03/01/2042 (Callable 03/01/2035) | 600000 | 673991 |
|  |  |  | 26574828 |
| **Montana - 0.3%** | **Montana - 0.3%** | **Montana - 0.3%** | **Montana - 0.3%** |
|  City of Belgrade MT, 5.25%, 07/01/2043 (Callable 07/01/2032) | City of Belgrade MT, 5.25%, 07/01/2043 (Callable 07/01/2032) | 2000000 | 2132009 |
| Montana Board of Housing | Montana Board of Housing | Montana Board of Housing | Montana Board of Housing |
| &nbsp;&nbsp; 3.00%, 12/01/2045 (Callable 06/01/2029) | &nbsp;&nbsp; 3.00%, 12/01/2045 (Callable 06/01/2029) | 525000 | 416842 |
| &nbsp;&nbsp; 3.05%, 06/01/2050 (Callable 06/01/2029) | &nbsp;&nbsp; 3.05%, 06/01/2050 (Callable 06/01/2029) | 260000 | 198953 |
|  |  |  | 2747804 |
| **Nebraska - 1.1%** | **Nebraska - 1.1%** | **Nebraska - 1.1%** | **Nebraska - 1.1%** |
|  Central Plains Energy Project, 5.00%, 05/01/2054 (Callable 08/01/2029) <sup>(a)</sup> | Central Plains Energy Project, 5.00%, 05/01/2054 (Callable 08/01/2029) <sup>(a)</sup> | 5000000 | 5356964 |
|  City of Omaha NE, 6.50%, 12/01/2030 | City of Omaha NE, 6.50%, 12/01/2030 | 1930000 | 2156647 |
| Nebraska Educational Health Cultural & Social Services Finance Authority | Nebraska Educational Health Cultural & Social Services Finance Authority | Nebraska Educational Health Cultural & Social Services Finance Authority | Nebraska Educational Health Cultural & Social Services Finance Authority |
| &nbsp;&nbsp; 4.00%, 01/01/2033 (Callable 01/01/2026) | &nbsp;&nbsp; 4.00%, 01/01/2033 (Callable 01/01/2026) | 435000 | 437994 |
| &nbsp;&nbsp; 4.00%, 01/01/2034 (Callable 01/01/2026) | &nbsp;&nbsp; 4.00%, 01/01/2034 (Callable 01/01/2026) | 2000000 | 2001235 |
| &nbsp;&nbsp; 4.00%, 01/01/2035 (Callable 01/01/2026) | &nbsp;&nbsp; 4.00%, 01/01/2035 (Callable 01/01/2026) | 1000000 | 993871 |
|  Nebraska Investment Finance Authority, 3.50%, 09/01/2050 (Callable 03/01/2029) | Nebraska Investment Finance Authority, 3.50%, 09/01/2050 (Callable 03/01/2029) | 910000 | 909459 |
| University of Nebraska | University of Nebraska | University of Nebraska | University of Nebraska |
| &nbsp;&nbsp; 3.00%, 05/15/2035 (Callable 05/15/2026) | &nbsp;&nbsp; 3.00%, 05/15/2035 (Callable 05/15/2026) | 20000 | 20049 |
| &nbsp;&nbsp; 3.00%, 07/01/2039 (Callable 07/01/2026) | &nbsp;&nbsp; 3.00%, 07/01/2039 (Callable 07/01/2026) | 15000 | 15049 |
|  |  |  | 11891268 |
| **New Hampshire - 0.2%** | **New Hampshire - 0.2%** | **New Hampshire - 0.2%** | **New Hampshire - 0.2%** |
|  New Hampshire Health and Education Facilities Authority Act, 3.30%, 06/01/2040 (Callable 05/01/2027) <sup>(a)</sup> | New Hampshire Health and Education Facilities Authority Act, 3.30%, 06/01/2040 (Callable 05/01/2027) <sup>(a)</sup> | 2000000 | 2011666 |
| **New Jersey - 0.2%** | **New Jersey - 0.2%** | **New Jersey - 0.2%** | **New Jersey - 0.2%** |
| Flemington Raritan Regional Board of Education | Flemington Raritan Regional Board of Education | Flemington Raritan Regional Board of Education | Flemington Raritan Regional Board of Education |
| &nbsp;&nbsp; 2.25%, 09/01/2031 (Callable 09/01/2026) | &nbsp;&nbsp; 2.25%, 09/01/2031 (Callable 09/01/2026) | 1000000 | 927473 |
| &nbsp;&nbsp; 2.38%, 09/01/2033 (Callable 09/01/2026) | &nbsp;&nbsp; 2.38%, 09/01/2033 (Callable 09/01/2026) | 650000 | 583617 |
|  New Jersey Health Care Facilities Financing Authority, 3.75%, 07/01/2027 | New Jersey Health Care Facilities Financing Authority, 3.75%, 07/01/2027 | 90000 | 90961 |
| New Jersey Housing & Mortgage Finance Agency | New Jersey Housing & Mortgage Finance Agency | New Jersey Housing & Mortgage Finance Agency | New Jersey Housing & Mortgage Finance Agency |
| &nbsp;&nbsp; 4.50%, 10/01/2048 (Callable 10/01/2027) | &nbsp;&nbsp; 4.50%, 10/01/2048 (Callable 10/01/2027) | 665000 | 675575 |
| &nbsp;&nbsp; 2.45%, 10/01/2050 (Callable 04/01/2029) | &nbsp;&nbsp; 2.45%, 10/01/2050 (Callable 04/01/2029) | 525000 | 354819 |
|  |  |  | 2632445 |
| **New Mexico - 0.5%** | **New Mexico - 0.5%** | **New Mexico - 0.5%** | **New Mexico - 0.5%** |
| New Mexico Mortgage Finance Authority | New Mexico Mortgage Finance Authority | New Mexico Mortgage Finance Authority | New Mexico Mortgage Finance Authority |
| &nbsp;&nbsp; 3.50%, 07/01/2033 (Callable 01/01/2028) | &nbsp;&nbsp; 3.50%, 07/01/2033 (Callable 01/01/2028) | 685000 | 687189 |
| &nbsp;&nbsp; 3.55%, 09/01/2037 (Callable 03/01/2027) | &nbsp;&nbsp; 3.55%, 09/01/2037 (Callable 03/01/2027) | 685000 | 671803 |
| &nbsp;&nbsp; 3.95%, 09/01/2040 (Callable 11/01/2025) | &nbsp;&nbsp; 3.95%, 09/01/2040 (Callable 11/01/2025) | 800000 | 784730 |
| &nbsp;&nbsp; 5.25%, 03/01/2053 (Callable 03/01/2032) | &nbsp;&nbsp; 5.25%, 03/01/2053 (Callable 03/01/2032) | 3350000 | 3515821 |
|  |  |  | 5659543 |
| **New York - 2.4%** | **New York - 2.4%** | **New York - 2.4%** | **New York - 2.4%** |
|  Empire State Development Corp., 5.00%, 03/15/2041 (Callable 09/15/2029) | Empire State Development Corp., 5.00%, 03/15/2041 (Callable 09/15/2029) | 1000000 | 1040149 |
|  Monroe County Industrial Development Corp., 4.84%, 11/01/2040 | Monroe County Industrial Development Corp., 4.84%, 11/01/2040 | 3049955 | 3144519 |
| New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue |
| &nbsp;&nbsp; 5.00%, 05/01/2035 (Callable 05/01/2028) | &nbsp;&nbsp; 5.00%, 05/01/2035 (Callable 05/01/2028) | 1000000 | 1045890 |
| &nbsp;&nbsp; 5.00%, 11/01/2036 (Callable 11/01/2029) | &nbsp;&nbsp; 5.00%, 11/01/2036 (Callable 11/01/2029) | 1635000 | 1739704 |
| New York State Dormitory Authority | New York State Dormitory Authority | New York State Dormitory Authority | New York State Dormitory Authority |
| &nbsp;&nbsp; 0.00%, 07/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 07/01/2028 <sup>(d)</sup> | 65000 | 60325 |
| &nbsp;&nbsp; 0.00%, 07/01/2029 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 07/01/2029 <sup>(d)</sup> | 1475000 | 1331887 |
| &nbsp;&nbsp; 5.00%, 03/15/2037 (Callable 10/14/2025) | &nbsp;&nbsp; 5.00%, 03/15/2037 (Callable 10/14/2025) | 155000 | 155135 |
| &nbsp;&nbsp; 5.25%, 03/15/2039 (Callable 09/15/2028) | &nbsp;&nbsp; 5.25%, 03/15/2039 (Callable 09/15/2028) | 3750000 | 3935169 |
| &nbsp;&nbsp; 5.00%, 03/15/2040 (Callable 09/15/2028) | &nbsp;&nbsp; 5.00%, 03/15/2040 (Callable 09/15/2028) | 3000000 | 3099175 |
| &nbsp;&nbsp; 5.00%, 03/15/2043 (Callable 03/15/2029) | &nbsp;&nbsp; 5.00%, 03/15/2043 (Callable 03/15/2029) | 2450000 | 2515708 |
| New York State Environmental Facilities Corp. | New York State Environmental Facilities Corp. | New York State Environmental Facilities Corp. | New York State Environmental Facilities Corp. |
| &nbsp;&nbsp; 5.50%, 10/15/2029 | &nbsp;&nbsp; 5.50%, 10/15/2029 | 300000 | 333520 |
| &nbsp;&nbsp; 5.50%, 10/15/2030 | &nbsp;&nbsp; 5.50%, 10/15/2030 | 390000 | 443398 |
|  New York State Housing Finance Agency, 3.60%, 11/01/2062 (Callable 10/22/2025) <sup>(a)</sup> | New York State Housing Finance Agency, 3.60%, 11/01/2062 (Callable 10/22/2025) <sup>(a)</sup> | 2920000 | 2920507 |
|  North Colonie Central School District, 2.00%, 07/15/2032 (Callable 07/15/2029) | North Colonie Central School District, 2.00%, 07/15/2032 (Callable 07/15/2029) | 1115000 | 1002774 |
|  State of New York Mortgage Agency Homeowner Mortgage Revenue, 4.00%, 10/01/2049 (Callable 04/01/2028) | State of New York Mortgage Agency Homeowner Mortgage Revenue, 4.00%, 10/01/2049 (Callable 04/01/2028) | 1645000 | 1653016 |
|  Utility Debt Securitization Authority, 5.00%, 12/15/2038 (Callable 12/15/2027) | Utility Debt Securitization Authority, 5.00%, 12/15/2038 (Callable 12/15/2027) | 1500000 | 1549431 |
|  |  |  | 25970307 |
| **North Carolina - 3.6%** | **North Carolina - 3.6%** | **North Carolina - 3.6%** | **North Carolina - 3.6%** |
|  Asheville Housing Authority, 5.00%, 11/01/2026 (Callable 11/01/2025) <sup>(a)</sup> | Asheville Housing Authority, 5.00%, 11/01/2026 (Callable 11/01/2025) <sup>(a)</sup> | 675000 | 676146 |
|  County of Forsyth NC, 3.00%, 03/01/2033 (Callable 03/01/2031) | County of Forsyth NC, 3.00%, 03/01/2033 (Callable 03/01/2031) | 600000 | 596632 |
|  County of New Hanover NC, 5.00%, 10/01/2027 | County of New Hanover NC, 5.00%, 10/01/2027 | 200000 | 210380 |
|  County of Wake NC, 5.13%, 10/01/2026 | County of Wake NC, 5.13%, 10/01/2026 | 550000 | 555328 |
| Inlivian | Inlivian | Inlivian | Inlivian |
| &nbsp;&nbsp; 2.55%, 05/01/2037 | &nbsp;&nbsp; 2.55%, 05/01/2037 | 4604770 | 3941311 |
| &nbsp;&nbsp; 5.00%, 06/01/2043 (Callable 12/01/2025) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 06/01/2043 (Callable 12/01/2025) <sup>(a)</sup> | 2000000 | 2006002 |
| North Carolina Housing Finance Agency | North Carolina Housing Finance Agency | North Carolina Housing Finance Agency | North Carolina Housing Finance Agency |
| &nbsp;&nbsp; 4.00%, 03/01/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.00%, 03/01/2028 <sup>(a)</sup> | 6450000 | 6542570 |
| &nbsp;&nbsp; 4.35%, 01/01/2034 (Callable 07/01/2031) | &nbsp;&nbsp; 4.35%, 01/01/2034 (Callable 07/01/2031) | 560000 | 576422 |
| &nbsp;&nbsp; 4.00%, 07/01/2050 (Callable 07/01/2029) | &nbsp;&nbsp; 4.00%, 07/01/2050 (Callable 07/01/2029) | 780000 | 786722 |
| &nbsp;&nbsp; 5.75%, 01/01/2054 (Callable 07/01/2032) | &nbsp;&nbsp; 5.75%, 01/01/2054 (Callable 07/01/2032) | 3605000 | 3854855 |
| &nbsp;&nbsp; 3.20%, 07/01/2056 (Callable 11/15/2025) <sup>(a)</sup> | &nbsp;&nbsp; 3.20%, 07/01/2056 (Callable 11/15/2025) <sup>(a)</sup> | 2000000 | 2000059 |
| Raleigh Housing Authority | Raleigh Housing Authority | Raleigh Housing Authority | Raleigh Housing Authority |
| &nbsp;&nbsp; 5.00%, 10/01/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 10/01/2026 <sup>(a)</sup> | 5500000 | 5500000 |
| &nbsp;&nbsp; 5.00%, 12/01/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 12/01/2026 <sup>(a)</sup> | 7850000 | 7873691 |
|  Town of Morehead City NC, 4.05%, 01/01/2028 <sup>(a)</sup> | Town of Morehead City NC, 4.05%, 01/01/2028 <sup>(a)</sup> | 3500000 | 3544928 |
|  |  |  | 38665046 |
| **North Dakota - 0.7%** | **North Dakota - 0.7%** | **North Dakota - 0.7%** | **North Dakota - 0.7%** |
|  Cass County Joint Water Resource District, 3.45%, 04/01/2027 (Callable 01/01/2026) | Cass County Joint Water Resource District, 3.45%, 04/01/2027 (Callable 01/01/2026) | 3160000 | 3162007 |
| North Dakota Housing Finance Agency | North Dakota Housing Finance Agency | North Dakota Housing Finance Agency | North Dakota Housing Finance Agency |
| &nbsp;&nbsp; 3.55%, 07/01/2033 (Callable 01/01/2028) | &nbsp;&nbsp; 3.55%, 07/01/2033 (Callable 01/01/2028) | 1140000 | 1143395 |
| &nbsp;&nbsp; 3.45%, 07/01/2037 (Callable 07/01/2026) | &nbsp;&nbsp; 3.45%, 07/01/2037 (Callable 07/01/2026) | 900000 | 857853 |
| &nbsp;&nbsp; 4.30%, 07/01/2039 (Callable 07/01/2033) | &nbsp;&nbsp; 4.30%, 07/01/2039 (Callable 07/01/2033) | 1000000 | 1014592 |
| &nbsp;&nbsp; 3.50%, 07/01/2046 (Callable 01/01/2026) | &nbsp;&nbsp; 3.50%, 07/01/2046 (Callable 01/01/2026) | 335000 | 334566 |
| &nbsp;&nbsp; 4.00%, 01/01/2050 (Callable 07/01/2028) | &nbsp;&nbsp; 4.00%, 01/01/2050 (Callable 07/01/2028) | 615000 | 623092 |
|  |  |  | 7135505 |
| **Ohio - 3.9%** | **Ohio - 3.9%** | **Ohio - 3.9%** | **Ohio - 3.9%** |
|  City of Wyoming OH, 3.88%, 10/15/2025 | City of Wyoming OH, 3.88%, 10/15/2025 | 2000000 | 2000633 |
|  County of Van Wert OH, 6.13%, 12/01/2049 (Callable 12/01/2029) | County of Van Wert OH, 6.13%, 12/01/2049 (Callable 12/01/2029) | 24429000 | 27251153 |
| EHOVE Joint Vocational School District | EHOVE Joint Vocational School District | EHOVE Joint Vocational School District | EHOVE Joint Vocational School District |
| &nbsp;&nbsp; 5.50%, 12/01/2043 (Callable 06/01/2032) | &nbsp;&nbsp; 5.50%, 12/01/2043 (Callable 06/01/2032) | 740000 | 791583 |
| &nbsp;&nbsp; 5.50%, 12/01/2044 (Callable 06/01/2032) | &nbsp;&nbsp; 5.50%, 12/01/2044 (Callable 06/01/2032) | 400000 | 425525 |
| &nbsp;&nbsp; 5.50%, 12/01/2045 (Callable 06/01/2032) | &nbsp;&nbsp; 5.50%, 12/01/2045 (Callable 06/01/2032) | 275000 | 291957 |
|  FHLMC Multifamily VRD Certificates, 2.55%, 06/15/2035 | FHLMC Multifamily VRD Certificates, 2.55%, 06/15/2035 | 3420000 | 3040596 |
|  North Ridgeville City School District, 5.00%, 12/01/2043 (Callable 06/01/2029) | North Ridgeville City School District, 5.00%, 12/01/2043 (Callable 06/01/2029) | 1025000 | 1055792 |
| Ohio Housing Finance Agency | Ohio Housing Finance Agency | Ohio Housing Finance Agency | Ohio Housing Finance Agency |
| &nbsp;&nbsp; 5.50%, 03/01/2030 | &nbsp;&nbsp; 5.50%, 03/01/2030 | 100000 | 111153 |
| &nbsp;&nbsp; 5.50%, 09/01/2030 | &nbsp;&nbsp; 5.50%, 09/01/2030 | 125000 | 140346 |
| &nbsp;&nbsp; 5.50%, 03/01/2031 | &nbsp;&nbsp; 5.50%, 03/01/2031 | 100000 | 112735 |
| &nbsp;&nbsp; 5.50%, 09/01/2031 | &nbsp;&nbsp; 5.50%, 09/01/2031 | 125000 | 142062 |
| &nbsp;&nbsp; 5.50%, 03/01/2032 | &nbsp;&nbsp; 5.50%, 03/01/2032 | 125000 | 142267 |
| &nbsp;&nbsp; 5.50%, 09/01/2032 | &nbsp;&nbsp; 5.50%, 09/01/2032 | 100000 | 114366 |
| &nbsp;&nbsp; 5.50%, 03/01/2033 | &nbsp;&nbsp; 5.50%, 03/01/2033 | 100000 | 114478 |
| &nbsp;&nbsp; 5.50%, 09/01/2033 | &nbsp;&nbsp; 5.50%, 09/01/2033 | 100000 | 114850 |
| &nbsp;&nbsp; 3.95%, 09/01/2043 (Callable 09/01/2027) | &nbsp;&nbsp; 3.95%, 09/01/2043 (Callable 09/01/2027) | 165000 | 159019 |
| &nbsp;&nbsp; 3.50%, 09/01/2046 (Callable 03/01/2026) | &nbsp;&nbsp; 3.50%, 09/01/2046 (Callable 03/01/2026) | 240000 | 239711 |
|  Ohio Water Development Authority, 5.00%, 12/01/2038 (Callable 12/01/2029) | Ohio Water Development Authority, 5.00%, 12/01/2038 (Callable 12/01/2029) | 2100000 | 2218820 |
|  State of Ohio, 2.75%, 01/01/2052 <sup>(a)</sup> | State of Ohio, 2.75%, 01/01/2052 <sup>(a)</sup> | 2795000 | 2782160 |
|  University of Akron, 5.00%, 01/01/2033 (Callable 07/01/2026) | University of Akron, 5.00%, 01/01/2033 (Callable 07/01/2026) | 335000 | 338174 |
|  |  |  | 41587380 |
| **Oregon - 0.7%** | **Oregon - 0.7%** | **Oregon - 0.7%** | **Oregon - 0.7%** |
| Oregon Coast Community College District | Oregon Coast Community College District | Oregon Coast Community College District | Oregon Coast Community College District |
| &nbsp;&nbsp; 5.00%, 06/15/2038 (Callable 06/15/2034) | &nbsp;&nbsp; 5.00%, 06/15/2038 (Callable 06/15/2034) | 175000 | 195881 |
| &nbsp;&nbsp; 5.00%, 06/15/2039 (Callable 06/15/2034) | &nbsp;&nbsp; 5.00%, 06/15/2039 (Callable 06/15/2034) | 400000 | 444370 |
| &nbsp;&nbsp; 5.00%, 06/15/2040 (Callable 06/15/2034) | &nbsp;&nbsp; 5.00%, 06/15/2040 (Callable 06/15/2034) | 365000 | 400857 |
| &nbsp;&nbsp; 5.00%, 06/15/2041 (Callable 06/15/2034) | &nbsp;&nbsp; 5.00%, 06/15/2041 (Callable 06/15/2034) | 350000 | 380641 |
| &nbsp;&nbsp; 5.00%, 06/15/2043 (Callable 06/15/2034) | &nbsp;&nbsp; 5.00%, 06/15/2043 (Callable 06/15/2034) | 400000 | 428071 |
|  Portland Community College District, 5.00%, 06/15/2038 (Callable 06/15/2033) | Portland Community College District, 5.00%, 06/15/2038 (Callable 06/15/2033) | 1000000 | 1101624 |
| State of Oregon | State of Oregon | State of Oregon | State of Oregon |
| &nbsp;&nbsp; 5.00%, 08/01/2042 (Callable 08/01/2027) | &nbsp;&nbsp; 5.00%, 08/01/2042 (Callable 08/01/2027) | 1800000 | 1818409 |
| &nbsp;&nbsp; 4.00%, 12/01/2045 (Callable 11/01/2025) | &nbsp;&nbsp; 4.00%, 12/01/2045 (Callable 11/01/2025) | 75000 | 75027 |
| &nbsp;&nbsp; 4.00%, 12/01/2048 (Callable 12/01/2026) | &nbsp;&nbsp; 4.00%, 12/01/2048 (Callable 12/01/2026) | 440000 | 440841 |
| State of Oregon Housing & Community Services Department | State of Oregon Housing & Community Services Department | State of Oregon Housing & Community Services Department | State of Oregon Housing & Community Services Department |
| &nbsp;&nbsp; 3.55%, 07/01/2033 (Callable 07/01/2027) | &nbsp;&nbsp; 3.55%, 07/01/2033 (Callable 07/01/2027) | 1005000 | 1007339 |
| &nbsp;&nbsp; 2.90%, 07/01/2043 (Callable 07/01/2027) | &nbsp;&nbsp; 2.90%, 07/01/2043 (Callable 07/01/2027) | 1000000 | 762602 |
| &nbsp;&nbsp; 3.75%, 07/01/2048 (Callable 01/01/2027) | &nbsp;&nbsp; 3.75%, 07/01/2048 (Callable 01/01/2027) | 1020000 | 921973 |
|  |  |  | 7977635 |
| **Pennsylvania - 1.4%** | **Pennsylvania - 1.4%** | **Pennsylvania - 1.4%** | **Pennsylvania - 1.4%** |
|  Commonwealth Financing Authority, 4.00%, 06/01/2039 (Callable 06/01/2028) | Commonwealth Financing Authority, 4.00%, 06/01/2039 (Callable 06/01/2028) | 1525000 | 1496595 |
|  Delaware County Vocational & Technical School Authority, 4.00%, 11/01/2054 (Callable 11/01/2032) | Delaware County Vocational & Technical School Authority, 4.00%, 11/01/2054 (Callable 11/01/2032) | 5000000 | 4560796 |
|  Mckeesport Area School District, 0.00%, 10/01/2025 <sup>(d)</sup> | Mckeesport Area School District, 0.00%, 10/01/2025 <sup>(d)</sup> | 110000 | 110000 |
| Pennsylvania Housing Finance Agency | Pennsylvania Housing Finance Agency | Pennsylvania Housing Finance Agency | Pennsylvania Housing Finance Agency |
| &nbsp;&nbsp; 3.50%, 10/01/2046 (Callable 10/01/2025) | &nbsp;&nbsp; 3.50%, 10/01/2046 (Callable 10/01/2025) | 195000 | 195000 |
| &nbsp;&nbsp; 3.50%, 04/01/2051 (Callable 10/01/2029) | &nbsp;&nbsp; 3.50%, 04/01/2051 (Callable 10/01/2029) | 1250000 | 1248415 |
| &nbsp;&nbsp; 5.50%, 10/01/2053 | &nbsp;&nbsp; 5.50%, 10/01/2053 | 1840000 | 1950823 |
| &nbsp;&nbsp; 5.75%, 10/01/2053 (Callable 10/01/2032) | &nbsp;&nbsp; 5.75%, 10/01/2053 (Callable 10/01/2032) | 1105000 | 1173030 |
|  Philadelphia Authority for Industrial Development, 5.25%, 12/01/2047 (Callable 12/01/2026) <sup>(b)</sup> | Philadelphia Authority for Industrial Development, 5.25%, 12/01/2047 (Callable 12/01/2026) <sup>(b)</sup> | 2000000 | 2056697 |
| Pittsburgh Water & Sewer Authority | Pittsburgh Water & Sewer Authority | Pittsburgh Water & Sewer Authority | Pittsburgh Water & Sewer Authority |
| &nbsp;&nbsp; 0.00%, 09/01/2026 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/01/2026 <sup>(d)</sup> | 890000 | 868447 |
| &nbsp;&nbsp; 0.00%, 09/01/2027 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/01/2027 <sup>(d)</sup> | 1110000 | 1055451 |
| &nbsp;&nbsp; 0.00%, 09/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/01/2028 <sup>(d)</sup> | 370000 | 342719 |
|  |  |  | 15057973 |
| **Puerto Rico - 1.6%** | **Puerto Rico - 1.6%** | **Puerto Rico - 1.6%** | **Puerto Rico - 1.6%** |
| Puerto Rico Public Finance Corp. | Puerto Rico Public Finance Corp. | Puerto Rico Public Finance Corp. | Puerto Rico Public Finance Corp. |
| &nbsp;&nbsp; 6.00%, 08/01/2026 | &nbsp;&nbsp; 6.00%, 08/01/2026 | 8560000 | 8783697 |
| &nbsp;&nbsp; 5.50%, 08/01/2027 | &nbsp;&nbsp; 5.50%, 08/01/2027 | 8090000 | 8500358 |
|  |  |  | 17284055 |
| **Rhode Island - 0.5%** | **Rhode Island - 0.5%** | **Rhode Island - 0.5%** | **Rhode Island - 0.5%** |
| Rhode Island Health and Educational Building Corp. | Rhode Island Health and Educational Building Corp. | Rhode Island Health and Educational Building Corp. | Rhode Island Health and Educational Building Corp. |
| &nbsp;&nbsp; 5.25%, 05/15/2040 (Callable 05/15/2034) | &nbsp;&nbsp; 5.25%, 05/15/2040 (Callable 05/15/2034) | 1000000 | 1090278 |
| &nbsp;&nbsp; 5.25%, 05/15/2041 (Callable 05/15/2034) | &nbsp;&nbsp; 5.25%, 05/15/2041 (Callable 05/15/2034) | 1455000 | 1571369 |
| &nbsp;&nbsp; 5.25%, 05/15/2042 (Callable 05/15/2034) | &nbsp;&nbsp; 5.25%, 05/15/2042 (Callable 05/15/2034) | 2000000 | 2142182 |
|  Rhode Island Housing & Mortgage Finance Corp., 3.50%, 10/01/2050 (Callable 10/01/2029) | Rhode Island Housing & Mortgage Finance Corp., 3.50%, 10/01/2050 (Callable 10/01/2029) | 695000 | 694421 |
|  |  |  | 5498250 |
| **South Carolina - 2.9%** | **South Carolina - 2.9%** | **South Carolina - 2.9%** | **South Carolina - 2.9%** |
|  City of Columbia SC Waterworks & Sewer System Revenue, 5.00%, 02/01/2049 (Callable 02/01/2029) | City of Columbia SC Waterworks & Sewer System Revenue, 5.00%, 02/01/2049 (Callable 02/01/2029) | 5680000 | 6162327 |
| South Carolina Jobs-Economic Development Authority | South Carolina Jobs-Economic Development Authority | South Carolina Jobs-Economic Development Authority | South Carolina Jobs-Economic Development Authority |
| &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2026) <sup>(b)(c)</sup> | &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2026) <sup>(b)(c)</sup> | 7500000 | 7620790 |
| &nbsp;&nbsp; 5.00%, 08/15/2041 (Callable 08/15/2026) <sup>(b)(c)</sup> | &nbsp;&nbsp; 5.00%, 08/15/2041 (Callable 08/15/2026) <sup>(b)(c)</sup> | 4165000 | 4232078 |
|  Tobacco Settlement Revenue Management Authority, 6.38%, 05/15/2030 | Tobacco Settlement Revenue Management Authority, 6.38%, 05/15/2030 | 10970000 | 12569358 |
|  |  |  | 30584553 |
| **South Dakota - 0.5%** | **South Dakota - 0.5%** | **South Dakota - 0.5%** | **South Dakota - 0.5%** |
|  County of Clay SD, 5.00%, 12/01/2038 (Callable 12/01/2031) | County of Clay SD, 5.00%, 12/01/2038 (Callable 12/01/2031) | 1000000 | 1078924 |
|  Mc Cook Central School District 43-7, 3.00%, 08/01/2029 (Callable 11/01/2025) | Mc Cook Central School District 43-7, 3.00%, 08/01/2029 (Callable 11/01/2025) | 520000 | 519065 |
|  South Dakota Housing Development Authority, 6.25%, 05/01/2056 | South Dakota Housing Development Authority, 6.25%, 05/01/2056 | 3000000 | 3428040 |
|  |  |  | 5026029 |
| **Tennessee - 1.8%** | **Tennessee - 1.8%** | **Tennessee - 1.8%** | **Tennessee - 1.8%** |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd |
| &nbsp;&nbsp; 5.00%, 12/01/2026 (Callable 12/01/2025) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 12/01/2026 (Callable 12/01/2025) <sup>(a)</sup> | 1000000 | 1003069 |
| &nbsp;&nbsp; 4.88%, 11/01/2028 | &nbsp;&nbsp; 4.88%, 11/01/2028 | 1190000 | 1231685 |
| &nbsp;&nbsp; 3.85%, 02/01/2048 <sup>(a)</sup> | &nbsp;&nbsp; 3.85%, 02/01/2048 <sup>(a)</sup> | 1000000 | 1001848 |
|  Metropolitan Government of Nashville & Davidson County TN, 3.00%, 01/01/2034 (Callable 01/01/2031) | Metropolitan Government of Nashville & Davidson County TN, 3.00%, 01/01/2034 (Callable 01/01/2031) | 1625000 | 1592167 |
| Tennessee Housing Development Agency | Tennessee Housing Development Agency | Tennessee Housing Development Agency | Tennessee Housing Development Agency |
| &nbsp;&nbsp; 1.75%, 07/01/2028 | &nbsp;&nbsp; 1.75%, 07/01/2028 | 350000 | 334073 |
| &nbsp;&nbsp; 1.95%, 07/01/2030 (Callable 07/01/2029) | &nbsp;&nbsp; 1.95%, 07/01/2030 (Callable 07/01/2029) | 550000 | 511889 |
| &nbsp;&nbsp; 3.85%, 01/01/2035 (Callable 10/22/2025) | &nbsp;&nbsp; 3.85%, 01/01/2035 (Callable 10/22/2025) | 230000 | 230026 |
| &nbsp;&nbsp; 3.90%, 07/01/2042 (Callable 07/01/2027) | &nbsp;&nbsp; 3.90%, 07/01/2042 (Callable 07/01/2027) | 350000 | 330979 |
| &nbsp;&nbsp; 4.00%, 01/01/2043 (Callable 07/01/2027) | &nbsp;&nbsp; 4.00%, 01/01/2043 (Callable 07/01/2027) | 280000 | 280788 |
| &nbsp;&nbsp; 3.85%, 07/01/2043 (Callable 07/01/2027) | &nbsp;&nbsp; 3.85%, 07/01/2043 (Callable 07/01/2027) | 1810000 | 1675980 |
| &nbsp;&nbsp; 5.20%, 07/01/2043 (Callable 07/01/2032) | &nbsp;&nbsp; 5.20%, 07/01/2043 (Callable 07/01/2032) | 7000000 | 7255130 |
| &nbsp;&nbsp; 3.65%, 07/01/2047 (Callable 01/01/2027) | &nbsp;&nbsp; 3.65%, 07/01/2047 (Callable 01/01/2027) | 705000 | 622981 |
| &nbsp;&nbsp; 4.05%, 01/01/2049 (Callable 01/01/2028) | &nbsp;&nbsp; 4.05%, 01/01/2049 (Callable 01/01/2028) | 1645000 | 1479822 |
| &nbsp;&nbsp; 3.00%, 01/01/2051 (Callable 01/01/2030) | &nbsp;&nbsp; 3.00%, 01/01/2051 (Callable 01/01/2030) | 755000 | 747568 |
|  Tennessee State School Bond Authority, 5.00%, 11/01/2047 (Callable 11/01/2027) | Tennessee State School Bond Authority, 5.00%, 11/01/2047 (Callable 11/01/2027) | 500000 | 504783 |
|  |  |  | 18802788 |
| **Texas - 27.0%<sup>(f)</sup>** | **Texas - 27.0%<sup>(f)</sup>** | **Texas - 27.0%<sup>(f)</sup>** | **Texas - 27.0%<sup>(f)</sup>** |
|  Aldine Independent School District, 5.00%, 02/15/2040 (Callable 02/15/2034) | Aldine Independent School District, 5.00%, 02/15/2040 (Callable 02/15/2034) | 240000 | 259463 |
|  Anna Independent School District, 5.00%, 08/15/2035 (Callable 08/15/2026) | Anna Independent School District, 5.00%, 08/15/2035 (Callable 08/15/2026) | 910000 | 922076 |
| Arlington Higher Education Finance Corp. | Arlington Higher Education Finance Corp. | Arlington Higher Education Finance Corp. | Arlington Higher Education Finance Corp. |
| &nbsp;&nbsp; 4.00%, 08/15/2028 (Callable 08/15/2026) | &nbsp;&nbsp; 4.00%, 08/15/2028 (Callable 08/15/2026) | 850000 | 858376 |
| &nbsp;&nbsp; 3.00%, 08/15/2032 (Callable 08/15/2031) | &nbsp;&nbsp; 3.00%, 08/15/2032 (Callable 08/15/2031) | 835000 | 826525 |
| &nbsp;&nbsp; 3.00%, 08/15/2033 (Callable 08/15/2031) | &nbsp;&nbsp; 3.00%, 08/15/2033 (Callable 08/15/2031) | 1070000 | 1041776 |
| &nbsp;&nbsp; 4.00%, 08/15/2033 (Callable 08/15/2026) | &nbsp;&nbsp; 4.00%, 08/15/2033 (Callable 08/15/2026) | 475000 | 477925 |
| &nbsp;&nbsp; 5.00%, 08/15/2033 (Callable 08/15/2030) | &nbsp;&nbsp; 5.00%, 08/15/2033 (Callable 08/15/2030) | 1770000 | 1882941 |
| &nbsp;&nbsp; 5.00%, 08/15/2033 | &nbsp;&nbsp; 5.00%, 08/15/2033 | 150000 | 170586 |
| &nbsp;&nbsp; 4.00%, 08/15/2034 (Callable 08/15/2026) | &nbsp;&nbsp; 4.00%, 08/15/2034 (Callable 08/15/2026) | 195000 | 196981 |
| &nbsp;&nbsp; 4.00%, 08/15/2035 (Callable 08/15/2026) | &nbsp;&nbsp; 4.00%, 08/15/2035 (Callable 08/15/2026) | 480000 | 484876 |
| &nbsp;&nbsp; 4.00%, 12/01/2035 (Callable 06/01/2027) | &nbsp;&nbsp; 4.00%, 12/01/2035 (Callable 06/01/2027) | 450000 | 452161 |
| &nbsp;&nbsp; 4.00%, 08/15/2036 (Callable 08/15/2030) | &nbsp;&nbsp; 4.00%, 08/15/2036 (Callable 08/15/2030) | 510000 | 518360 |
| &nbsp;&nbsp; 4.00%, 08/15/2036 (Callable 08/15/2031) | &nbsp;&nbsp; 4.00%, 08/15/2036 (Callable 08/15/2031) | 1000000 | 1018892 |
| &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2035) | &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2035) | 500000 | 551570 |
| &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2034) | &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2034) | 175000 | 195939 |
| &nbsp;&nbsp; 5.00%, 08/15/2037 (Callable 08/15/2035) | &nbsp;&nbsp; 5.00%, 08/15/2037 (Callable 08/15/2035) | 500000 | 548002 |
| &nbsp;&nbsp; 5.00%, 08/15/2037 (Callable 08/15/2032) | &nbsp;&nbsp; 5.00%, 08/15/2037 (Callable 08/15/2032) | 1610000 | 1743756 |
| &nbsp;&nbsp; 4.00%, 08/15/2038 (Callable 08/15/2030) | &nbsp;&nbsp; 4.00%, 08/15/2038 (Callable 08/15/2030) | 550000 | 552823 |
| &nbsp;&nbsp; 4.00%, 08/15/2039 (Callable 11/01/2025) | &nbsp;&nbsp; 4.00%, 08/15/2039 (Callable 11/01/2025) | 495000 | 488176 |
| &nbsp;&nbsp; 5.00%, 08/15/2039 (Callable 08/15/2034) | &nbsp;&nbsp; 5.00%, 08/15/2039 (Callable 08/15/2034) | 105000 | 114871 |
| &nbsp;&nbsp; 3.00%, 08/15/2040 (Callable 08/15/2031) | &nbsp;&nbsp; 3.00%, 08/15/2040 (Callable 08/15/2031) | 290000 | 239789 |
| &nbsp;&nbsp; 3.00%, 08/15/2041 (Callable 08/15/2031) | &nbsp;&nbsp; 3.00%, 08/15/2041 (Callable 08/15/2031) | 300000 | 242564 |
| &nbsp;&nbsp; 3.00%, 08/15/2042 (Callable 08/15/2031) | &nbsp;&nbsp; 3.00%, 08/15/2042 (Callable 08/15/2031) | 265000 | 209451 |
| &nbsp;&nbsp; 3.00%, 08/15/2044 (Callable 08/15/2031) | &nbsp;&nbsp; 3.00%, 08/15/2044 (Callable 08/15/2031) | 245000 | 185146 |
| &nbsp;&nbsp; 4.00%, 08/15/2044 (Callable 08/15/2034) | &nbsp;&nbsp; 4.00%, 08/15/2044 (Callable 08/15/2034) | 360000 | 339868 |
|  Baird Independent School District, 5.00%, 08/15/2043 (Callable 08/15/2032) | Baird Independent School District, 5.00%, 08/15/2043 (Callable 08/15/2032) | 1760000 | 1847334 |
|  Balmorhea Independent School District, 5.00%, 02/15/2034 (Callable 02/15/2031) | Balmorhea Independent School District, 5.00%, 02/15/2034 (Callable 02/15/2031) | 335000 | 367420 |
| Barbers Hill Independent School District | Barbers Hill Independent School District | Barbers Hill Independent School District | Barbers Hill Independent School District |
| &nbsp;&nbsp; 5.00%, 02/15/2043 (Callable 08/15/2034) | &nbsp;&nbsp; 5.00%, 02/15/2043 (Callable 08/15/2034) | 1000000 | 1057926 |
| &nbsp;&nbsp; 5.00%, 02/15/2044 (Callable 08/15/2034) | &nbsp;&nbsp; 5.00%, 02/15/2044 (Callable 08/15/2034) | 750000 | 789339 |
|  Boerne Independent School District, 3.85%, 12/01/2043 <sup>(a)</sup> | Boerne Independent School District, 3.85%, 12/01/2043 <sup>(a)</sup> | 970000 | 991661 |
| Brazoria County Toll Road Authority | Brazoria County Toll Road Authority | Brazoria County Toll Road Authority | Brazoria County Toll Road Authority |
| &nbsp;&nbsp; 4.00%, 03/01/2039 (Callable 03/01/2030) | &nbsp;&nbsp; 4.00%, 03/01/2039 (Callable 03/01/2030) | 200000 | 200246 |
| &nbsp;&nbsp; 4.00%, 03/01/2041 (Callable 03/01/2030) | &nbsp;&nbsp; 4.00%, 03/01/2041 (Callable 03/01/2030) | 65000 | 62769 |
| &nbsp;&nbsp; 4.00%, 03/01/2042 (Callable 03/01/2030) | &nbsp;&nbsp; 4.00%, 03/01/2042 (Callable 03/01/2030) | 750000 | 706939 |
| Cedar Hill Independent School District | Cedar Hill Independent School District | Cedar Hill Independent School District | Cedar Hill Independent School District |
| &nbsp;&nbsp; 5.00%, 02/15/2040 (Callable 02/15/2034) | &nbsp;&nbsp; 5.00%, 02/15/2040 (Callable 02/15/2034) | 1475000 | 1589147 |
| &nbsp;&nbsp; 5.00%, 02/15/2041 (Callable 02/15/2034) | &nbsp;&nbsp; 5.00%, 02/15/2041 (Callable 02/15/2034) | 2500000 | 2671064 |
| &nbsp;&nbsp; 5.00%, 02/15/2042 (Callable 02/15/2034) | &nbsp;&nbsp; 5.00%, 02/15/2042 (Callable 02/15/2034) | 3500000 | 3711316 |
| City of Houston TX | City of Houston TX | City of Houston TX | City of Houston TX |
| &nbsp;&nbsp; 5.50%, 12/01/2029 | &nbsp;&nbsp; 5.50%, 12/01/2029 | 16050000 | 17174007 |
| &nbsp;&nbsp; 5.75%, 12/01/2032 | &nbsp;&nbsp; 5.75%, 12/01/2032 | 24965000 | 29940265 |
| City of Houston TX Combined Utility System Revenue | City of Houston TX Combined Utility System Revenue | City of Houston TX Combined Utility System Revenue | City of Houston TX Combined Utility System Revenue |
| &nbsp;&nbsp; 0.00%, 12/01/2026 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/01/2026 <sup>(d)</sup> | 1050000 | 1016132 |
| &nbsp;&nbsp; 0.00%, 12/01/2027 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/01/2027 <sup>(d)</sup> | 265000 | 249562 |
| &nbsp;&nbsp; 0.00%, 12/01/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/01/2028 <sup>(d)</sup> | 4620000 | 4231234 |
|  City of San Antonio TX, 4.00%, 02/01/2029 (Callable 11/01/2025) | City of San Antonio TX, 4.00%, 02/01/2029 (Callable 11/01/2025) | 2205000 | 2206946 |
| City of Sugar Land TX | City of Sugar Land TX | City of Sugar Land TX | City of Sugar Land TX |
| &nbsp;&nbsp; 4.00%, 02/15/2039 (Callable 02/15/2033) | &nbsp;&nbsp; 4.00%, 02/15/2039 (Callable 02/15/2033) | 515000 | 523686 |
| &nbsp;&nbsp; 4.00%, 02/15/2040 (Callable 02/15/2033) | &nbsp;&nbsp; 4.00%, 02/15/2040 (Callable 02/15/2033) | 515000 | 518585 |
| Clifton Higher Education Finance Corp. | Clifton Higher Education Finance Corp. | Clifton Higher Education Finance Corp. | Clifton Higher Education Finance Corp. |
| &nbsp;&nbsp; 5.00%, 08/15/2029 | &nbsp;&nbsp; 5.00%, 08/15/2029 | 295000 | 317940 |
| &nbsp;&nbsp; 4.00%, 08/15/2031 (Callable 08/15/2026) | &nbsp;&nbsp; 4.00%, 08/15/2031 (Callable 08/15/2026) | 170000 | 170877 |
| &nbsp;&nbsp; 4.00%, 08/15/2033 (Callable 08/15/2026) | &nbsp;&nbsp; 4.00%, 08/15/2033 (Callable 08/15/2026) | 1200000 | 1204613 |
| &nbsp;&nbsp; 4.00%, 08/15/2034 (Callable 08/15/2032) | &nbsp;&nbsp; 4.00%, 08/15/2034 (Callable 08/15/2032) | 160000 | 166780 |
| &nbsp;&nbsp; 5.00%, 08/15/2037 (Callable 08/15/2028) | &nbsp;&nbsp; 5.00%, 08/15/2037 (Callable 08/15/2028) | 1260000 | 1296127 |
| &nbsp;&nbsp; 4.00%, 08/15/2040 (Callable 08/15/2031) | &nbsp;&nbsp; 4.00%, 08/15/2040 (Callable 08/15/2031) | 390000 | 377442 |
| &nbsp;&nbsp; 4.00%, 08/15/2041 (Callable 08/15/2031) | &nbsp;&nbsp; 4.00%, 08/15/2041 (Callable 08/15/2031) | 805000 | 775106 |
| &nbsp;&nbsp; 4.00%, 08/15/2043 (Callable 08/15/2028) | &nbsp;&nbsp; 4.00%, 08/15/2043 (Callable 08/15/2028) | 250000 | 234937 |
| &nbsp;&nbsp; 4.00%, 02/15/2055 <sup>(a)</sup> | &nbsp;&nbsp; 4.00%, 02/15/2055 <sup>(a)</sup> | 3500000 | 3642333 |
|  Corpus Christi Independent School District, 5.00%, 08/15/2039 (Callable 08/15/2033) | Corpus Christi Independent School District, 5.00%, 08/15/2039 (Callable 08/15/2033) | 250000 | 271278 |
| County of Bexar TX | County of Bexar TX | County of Bexar TX | County of Bexar TX |
| &nbsp;&nbsp; 5.00%, 06/15/2036 (Callable 06/15/2026) | &nbsp;&nbsp; 5.00%, 06/15/2036 (Callable 06/15/2026) | 2145000 | 2180725 |
| &nbsp;&nbsp; 5.00%, 06/15/2040 (Callable 06/15/2031) | &nbsp;&nbsp; 5.00%, 06/15/2040 (Callable 06/15/2031) | 1525000 | 1623150 |
|  County of Brazoria TX, 3.00%, 03/01/2037 (Callable 03/01/2030) | County of Brazoria TX, 3.00%, 03/01/2037 (Callable 03/01/2030) | 270000 | 248968 |
| County of Johnson TX | County of Johnson TX | County of Johnson TX | County of Johnson TX |
| &nbsp;&nbsp; 5.00%, 02/15/2037 (Callable 02/15/2035) | &nbsp;&nbsp; 5.00%, 02/15/2037 (Callable 02/15/2035) | 420000 | 465206 |
| &nbsp;&nbsp; 5.00%, 02/15/2038 (Callable 02/15/2035) | &nbsp;&nbsp; 5.00%, 02/15/2038 (Callable 02/15/2035) | 550000 | 603015 |
|  Crandall Independent School District, 5.00%, 08/15/2036 (Callable 02/15/2026) | Crandall Independent School District, 5.00%, 08/15/2036 (Callable 02/15/2026) | 1005000 | 1010166 |
| Crockett County Consolidated Common School District No 1 | Crockett County Consolidated Common School District No 1 | Crockett County Consolidated Common School District No 1 | Crockett County Consolidated Common School District No 1 |
| &nbsp;&nbsp; 5.00%, 08/15/2034 (Callable 08/15/2029) | &nbsp;&nbsp; 5.00%, 08/15/2034 (Callable 08/15/2029) | 220000 | 235652 |
| &nbsp;&nbsp; 5.00%, 08/15/2035 (Callable 08/15/2028) | &nbsp;&nbsp; 5.00%, 08/15/2035 (Callable 08/15/2028) | 200000 | 209931 |
|  Dalhart Independent School District, 5.00%, 02/15/2040 (Callable 02/15/2032) | Dalhart Independent School District, 5.00%, 02/15/2040 (Callable 02/15/2032) | 1170000 | 1245564 |
|  Dallas Independent School District, 4.00%, 02/15/2054 (Callable 02/15/2033) | Dallas Independent School District, 4.00%, 02/15/2054 (Callable 02/15/2033) | 4500000 | 4084426 |
| Decatur Hospital Authority | Decatur Hospital Authority | Decatur Hospital Authority | Decatur Hospital Authority |
| &nbsp;&nbsp; 4.00%, 09/01/2029 | &nbsp;&nbsp; 4.00%, 09/01/2029 | 400000 | 409243 |
| &nbsp;&nbsp; 5.75%, 09/01/2029 | &nbsp;&nbsp; 5.75%, 09/01/2029 | 240000 | 255605 |
| &nbsp;&nbsp; 4.00%, 09/01/2034 (Callable 09/01/2031) | &nbsp;&nbsp; 4.00%, 09/01/2034 (Callable 09/01/2031) | 2441000 | 2545397 |
|  Denton Independent School District, 4.00%, 08/15/2055 <sup>(a)</sup> | Denton Independent School District, 4.00%, 08/15/2055 <sup>(a)</sup> | 2000000 | 2105807 |
|  Eagle Mountain & Saginaw Independent School District, 4.00%, 08/15/2045 (Callable 11/01/2025) | Eagle Mountain & Saginaw Independent School District, 4.00%, 08/15/2045 (Callable 11/01/2025) | 675000 | 622680 |
|  Eula Independent School District/TX, 4.13%, 02/15/2048 (Callable 02/15/2032) | Eula Independent School District/TX, 4.13%, 02/15/2048 (Callable 02/15/2032) | 1610000 | 1530340 |
|  Flour Bluff Independent School District, 5.00%, 08/15/2038 (Callable 02/15/2035) | Flour Bluff Independent School District, 5.00%, 08/15/2038 (Callable 02/15/2035) | 1675000 | 1843094 |
|  Fort Bend Independent School District, 4.00%, 08/01/2054 <sup>(a)</sup> | Fort Bend Independent School District, 4.00%, 08/01/2054 <sup>(a)</sup> | 4500000 | 4605065 |
|  Freddie Mac Multifamily ML Certificates, 4.00%, 01/25/2040 <sup>(a)</sup> | Freddie Mac Multifamily ML Certificates, 4.00%, 01/25/2040 <sup>(a)</sup> | 2932905 | 2879752 |
|  Garland Independent School District, 5.00%, 02/15/2039 (Callable 02/15/2033) | Garland Independent School District, 5.00%, 02/15/2039 (Callable 02/15/2033) | 490000 | 530136 |
|  Generation Park Management District, 4.00%, 09/01/2034 (Callable 09/01/2030) | Generation Park Management District, 4.00%, 09/01/2034 (Callable 09/01/2030) | 560000 | 572932 |
| Grand Parkway Transportation Corp. | Grand Parkway Transportation Corp. | Grand Parkway Transportation Corp. | Grand Parkway Transportation Corp. |
| &nbsp;&nbsp; 5.00%, 10/01/2043 (Callable 04/01/2028) | &nbsp;&nbsp; 5.00%, 10/01/2043 (Callable 04/01/2028) | 4500000 | 4596299 |
| &nbsp;&nbsp; 5.80%, 10/01/2045 (Callable 10/01/2028) | &nbsp;&nbsp; 5.80%, 10/01/2045 (Callable 10/01/2028) | 300000 | 316953 |
| &nbsp;&nbsp; 5.80%, 10/01/2046 (Callable 10/01/2028) | &nbsp;&nbsp; 5.80%, 10/01/2046 (Callable 10/01/2028) | 1000000 | 1054984 |
| &nbsp;&nbsp; 5.85%, 10/01/2048 (Callable 10/01/2028) | &nbsp;&nbsp; 5.85%, 10/01/2048 (Callable 10/01/2028) | 800000 | 843548 |
| Harris County Health Facilities Development Corp. | Harris County Health Facilities Development Corp. | Harris County Health Facilities Development Corp. | Harris County Health Facilities Development Corp. |
| &nbsp;&nbsp; 5.75%, 07/01/2027 | &nbsp;&nbsp; 5.75%, 07/01/2027 | 6115000 | 6305812 |
| &nbsp;&nbsp; 6.25%, 07/01/2027 | &nbsp;&nbsp; 6.25%, 07/01/2027 | 3425000 | 3557009 |
|  Harris County Water Control & Improvement District No 164, 6.63%, 09/01/2032 (Callable 09/01/2031) | Harris County Water Control & Improvement District No 164, 6.63%, 09/01/2032 (Callable 09/01/2031) | 45000 | 52738 |
| Harris County-Houston Sports Authority | Harris County-Houston Sports Authority | Harris County-Houston Sports Authority | Harris County-Houston Sports Authority |
| &nbsp;&nbsp; 0.00%, 11/15/2030 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 11/15/2030 <sup>(d)</sup> | 2150000 | 1851942 |
| &nbsp;&nbsp; 0.00%, 11/15/2041 (Callable 11/15/2031) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 11/15/2041 (Callable 11/15/2031) <sup>(d)</sup> | 455000 | 203531 |
| Houston Higher Education Finance Corp. | Houston Higher Education Finance Corp. | Houston Higher Education Finance Corp. | Houston Higher Education Finance Corp. |
| &nbsp;&nbsp; 5.00%, 02/15/2026 (Callable 11/01/2025) | &nbsp;&nbsp; 5.00%, 02/15/2026 (Callable 11/01/2025) | 1030000 | 1031647 |
| &nbsp;&nbsp; 5.00%, 02/15/2034 (Callable 11/01/2025) | &nbsp;&nbsp; 5.00%, 02/15/2034 (Callable 11/01/2025) | 1795000 | 1797383 |
|  Killeen Independent School District, 4.00%, 02/15/2042 (Callable 02/15/2028) | Killeen Independent School District, 4.00%, 02/15/2042 (Callable 02/15/2028) | 690000 | 675958 |
|  La Porte Independent School District/TX, 5.00%, 02/15/2038 (Callable 08/15/2033) | La Porte Independent School District/TX, 5.00%, 02/15/2038 (Callable 08/15/2033) | 1630000 | 1789586 |
|  La Pryor Independent School District, 5.00%, 02/15/2032 | La Pryor Independent School District, 5.00%, 02/15/2032 | 75000 | 84495 |
|  Leander Independent School District, 0.00%, 08/16/2044 (Callable 08/16/2026) <sup>(d)</sup> | Leander Independent School District, 0.00%, 08/16/2044 (Callable 08/16/2026) <sup>(d)</sup> | 14815000 | 7010457 |
|  Lower Colorado River Authority, 4.75%, 01/01/2028 | Lower Colorado River Authority, 4.75%, 01/01/2028 | 65000 | 66567 |
|  Melissa Independent School District, 5.00%, 08/01/2036 (Callable 08/01/2026) | Melissa Independent School District, 5.00%, 08/01/2036 (Callable 08/01/2026) | 1020000 | 1031756 |
| Midland County Fresh Water Supply District No 1 | Midland County Fresh Water Supply District No 1 | Midland County Fresh Water Supply District No 1 | Midland County Fresh Water Supply District No 1 |
| &nbsp;&nbsp; 0.00%, 09/15/2033 (Callable 09/15/2027) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/15/2033 (Callable 09/15/2027) <sup>(d)</sup> | 3475000 | 2483074 |
| &nbsp;&nbsp; 0.00%, 09/15/2034 (Callable 09/15/2027) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/15/2034 (Callable 09/15/2027) <sup>(d)</sup> | 1295000 | 877065 |
| &nbsp;&nbsp; 0.00%, 09/15/2035 (Callable 09/15/2027) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/15/2035 (Callable 09/15/2027) <sup>(d)</sup> | 2790000 | 1788549 |
| &nbsp;&nbsp; 0.00%, 09/15/2036 (Callable 09/15/2027) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/15/2036 (Callable 09/15/2027) <sup>(d)</sup> | 1580000 | 959370 |
| &nbsp;&nbsp; 0.00%, 09/15/2037 (Callable 09/15/2027) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/15/2037 (Callable 09/15/2027) <sup>(d)</sup> | 110000 | 63239 |
|  Moulton Independent School District, 4.00%, 08/15/2036 (Callable 08/15/2027) | Moulton Independent School District, 4.00%, 08/15/2036 (Callable 08/15/2027) | 285000 | 286528 |
| New Hope Cultural Education Facilities Finance Corp. | New Hope Cultural Education Facilities Finance Corp. | New Hope Cultural Education Facilities Finance Corp. | New Hope Cultural Education Facilities Finance Corp. |
| &nbsp;&nbsp; 5.00%, 04/01/2030 (Callable 04/01/2027) | &nbsp;&nbsp; 5.00%, 04/01/2030 (Callable 04/01/2027) | 1150000 | 1193314 |
| &nbsp;&nbsp; 5.00%, 04/01/2031 (Callable 04/01/2027) | &nbsp;&nbsp; 5.00%, 04/01/2031 (Callable 04/01/2027) | 1180000 | 1224444 |
| &nbsp;&nbsp; 5.00%, 04/01/2042 (Callable 04/01/2027) | &nbsp;&nbsp; 5.00%, 04/01/2042 (Callable 04/01/2027) | 7755000 | 8047087 |
|  New Hope Higher Education Finance Corp., 4.00%, 06/15/2028 | New Hope Higher Education Finance Corp., 4.00%, 06/15/2028 | 100000 | 102356 |
| North Texas Tollway Authority | North Texas Tollway Authority | North Texas Tollway Authority | North Texas Tollway Authority |
| &nbsp;&nbsp; 0.00%, 01/01/2036 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 01/01/2036 <sup>(d)</sup> | 1525000 | 1045484 |
| &nbsp;&nbsp; 0.00%, 01/01/2037 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 01/01/2037 <sup>(d)</sup> | 4600000 | 2995196 |
| &nbsp;&nbsp; 0.00%, 09/01/2037 (Callable 09/01/2031) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/01/2037 (Callable 09/01/2031) <sup>(d)</sup> | 11685000 | 6258162 |
| &nbsp;&nbsp; 0.00%, 09/01/2043 (Callable 09/01/2031) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 09/01/2043 (Callable 09/01/2031) <sup>(d)</sup> | 35405000 | 12085348 |
| &nbsp;&nbsp; 7.00%, 09/01/2043 (Callable 09/01/2031) | &nbsp;&nbsp; 7.00%, 09/01/2043 (Callable 09/01/2031) | 8445000 | 10222759 |
| &nbsp;&nbsp; 6.75%, 09/01/2045 (Callable 09/01/2031) | &nbsp;&nbsp; 6.75%, 09/01/2045 (Callable 09/01/2031) | 18060000 | 21946140 |
|  Northside Independent School District, 2.00%, 06/01/2052 <sup>(a)</sup> | Northside Independent School District, 2.00%, 06/01/2052 <sup>(a)</sup> | 2470000 | 2435981 |
|  Onalaska Independent School District, 4.00%, 08/15/2030 (Callable 11/01/2025) | Onalaska Independent School District, 4.00%, 08/15/2030 (Callable 11/01/2025) | 340000 | 340201 |
| Pecos Barstow Toyah Independent School District | Pecos Barstow Toyah Independent School District | Pecos Barstow Toyah Independent School District | Pecos Barstow Toyah Independent School District |
| &nbsp;&nbsp; 5.00%, 02/15/2041 (Callable 02/15/2026) | &nbsp;&nbsp; 5.00%, 02/15/2041 (Callable 02/15/2026) | 2000000 | 2004582 |
| &nbsp;&nbsp; 5.00%, 02/15/2042 (Callable 02/15/2026) | &nbsp;&nbsp; 5.00%, 02/15/2042 (Callable 02/15/2026) | 3000000 | 3025596 |
| Plains Independent School District | Plains Independent School District | Plains Independent School District | Plains Independent School District |
| &nbsp;&nbsp; 5.00%, 08/15/2033 (Callable 08/15/2030) | &nbsp;&nbsp; 5.00%, 08/15/2033 (Callable 08/15/2030) | 490000 | 530390 |
| &nbsp;&nbsp; 5.00%, 08/15/2035 (Callable 08/15/2030) | &nbsp;&nbsp; 5.00%, 08/15/2035 (Callable 08/15/2030) | 285000 | 303861 |
| Plemons-Stinnett-Phillips Consolidated School District | Plemons-Stinnett-Phillips Consolidated School District | Plemons-Stinnett-Phillips Consolidated School District | Plemons-Stinnett-Phillips Consolidated School District |
| &nbsp;&nbsp; 5.00%, 02/15/2028 (Callable 02/15/2027) | &nbsp;&nbsp; 5.00%, 02/15/2028 (Callable 02/15/2027) | 670000 | 691013 |
| &nbsp;&nbsp; 5.00%, 02/15/2029 (Callable 02/15/2027) | &nbsp;&nbsp; 5.00%, 02/15/2029 (Callable 02/15/2027) | 810000 | 834628 |
| Port Aransas Independent School District | Port Aransas Independent School District | Port Aransas Independent School District | Port Aransas Independent School District |
| &nbsp;&nbsp; 5.00%, 02/15/2041 (Callable 08/15/2027) | &nbsp;&nbsp; 5.00%, 02/15/2041 (Callable 08/15/2027) | 575000 | 583912 |
| &nbsp;&nbsp; 5.00%, 02/15/2043 (Callable 11/01/2025) | &nbsp;&nbsp; 5.00%, 02/15/2043 (Callable 11/01/2025) | 625000 | 625344 |
|  PSC/TX, 3.75%, 12/01/2040 | PSC/TX, 3.75%, 12/01/2040 | 4605000 | 4601730 |
|  Rockwall Independent School District, 5.00%, 02/15/2038 (Callable 11/05/2025) | Rockwall Independent School District, 5.00%, 02/15/2038 (Callable 11/05/2025) | 745000 | 746518 |
|  San Angelo Independent School District, 5.00%, 02/15/2038 (Callable 02/15/2035) | San Angelo Independent School District, 5.00%, 02/15/2038 (Callable 02/15/2035) | 5600000 | 6250758 |
|  Socorro Independent School District, 4.00%, 08/15/2034 (Callable 02/15/2027) | Socorro Independent School District, 4.00%, 08/15/2034 (Callable 02/15/2027) | 1500000 | 1510963 |
|  State of Texas, 5.00%, 04/01/2041 (Callable 04/01/2026) | State of Texas, 5.00%, 04/01/2041 (Callable 04/01/2026) | 2000000 | 2003753 |
|  Tarrant County Hospital District, 5.25%, 08/15/2038 (Callable 08/15/2032) | Tarrant County Hospital District, 5.25%, 08/15/2038 (Callable 08/15/2032) | 1320000 | 1443251 |
|  Texarkana Independent School District, 4.00%, 02/15/2053 <sup>(a)</sup> | Texarkana Independent School District, 4.00%, 02/15/2053 <sup>(a)</sup> | 1800000 | 1816711 |
| Texas Department of Housing & Community Affairs | Texas Department of Housing & Community Affairs | Texas Department of Housing & Community Affairs | Texas Department of Housing & Community Affairs |
| &nbsp;&nbsp; 2.15%, 09/01/2035 (Callable 03/01/2029) | &nbsp;&nbsp; 2.15%, 09/01/2035 (Callable 03/01/2029) | 545000 | 456068 |
| &nbsp;&nbsp; 3.90%, 07/01/2044 (Callable 07/01/2028) | &nbsp;&nbsp; 3.90%, 07/01/2044 (Callable 07/01/2028) | 3000000 | 2712009 |
| &nbsp;&nbsp; 3.63%, 09/01/2044 (Callable 09/01/2028) | &nbsp;&nbsp; 3.63%, 09/01/2044 (Callable 09/01/2028) | 1570000 | 1394823 |
| Texas State Affordable Housing Corp. | Texas State Affordable Housing Corp. | Texas State Affordable Housing Corp. | Texas State Affordable Housing Corp. |
| &nbsp;&nbsp; 4.25%, 03/01/2049 (Callable 03/01/2029) | &nbsp;&nbsp; 4.25%, 03/01/2049 (Callable 03/01/2029) | 150000 | 151200 |
| &nbsp;&nbsp; 5.50%, 09/01/2053 (Callable 03/01/2033) | &nbsp;&nbsp; 5.50%, 09/01/2053 (Callable 03/01/2033) | 1665000 | 1761921 |
| Texas Water Development Board | Texas Water Development Board | Texas Water Development Board | Texas Water Development Board |
| &nbsp;&nbsp; 4.00%, 10/15/2036 (Callable 10/15/2028) | &nbsp;&nbsp; 4.00%, 10/15/2036 (Callable 10/15/2028) | 3940000 | 3982856 |
| &nbsp;&nbsp; 5.00%, 10/15/2042 (Callable 10/15/2027) | &nbsp;&nbsp; 5.00%, 10/15/2042 (Callable 10/15/2027) | 2000000 | 2034591 |
| &nbsp;&nbsp; 4.88%, 10/15/2048 (Callable 10/15/2033) | &nbsp;&nbsp; 4.88%, 10/15/2048 (Callable 10/15/2033) | 2000000 | 2065170 |
|  Town of Westlake TX, 4.00%, 02/15/2030 (Callable 11/01/2025) | Town of Westlake TX, 4.00%, 02/15/2030 (Callable 11/01/2025) | 335000 | 335201 |
| Venus Independent School District | Venus Independent School District | Venus Independent School District | Venus Independent School District |
| &nbsp;&nbsp; 5.00%, 08/15/2035 | &nbsp;&nbsp; 5.00%, 08/15/2035 | 325000 | 371923 |
| &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2035) | &nbsp;&nbsp; 5.00%, 08/15/2036 (Callable 08/15/2035) | 330000 | 370702 |
| &nbsp;&nbsp; 5.25%, 08/15/2037 (Callable 08/15/2035) | &nbsp;&nbsp; 5.25%, 08/15/2037 (Callable 08/15/2035) | 470000 | 537176 |
| &nbsp;&nbsp; 5.25%, 08/15/2038 (Callable 08/15/2035) | &nbsp;&nbsp; 5.25%, 08/15/2038 (Callable 08/15/2035) | 370000 | 418645 |
|  Veribest Independent School District, 5.00%, 08/15/2039 (Callable 08/15/2032) | Veribest Independent School District, 5.00%, 08/15/2039 (Callable 08/15/2032) | 645000 | 695930 |
| Viridian Municipal Management District | Viridian Municipal Management District | Viridian Municipal Management District | Viridian Municipal Management District |
| &nbsp;&nbsp; 5.00%, 12/01/2034 (Callable 12/01/2029) | &nbsp;&nbsp; 5.00%, 12/01/2034 (Callable 12/01/2029) | 930000 | 982216 |
| &nbsp;&nbsp; 5.00%, 12/01/2036 (Callable 12/01/2029) | &nbsp;&nbsp; 5.00%, 12/01/2036 (Callable 12/01/2029) | 1050000 | 1097699 |
| &nbsp;&nbsp; 5.00%, 12/01/2037 (Callable 12/01/2029) | &nbsp;&nbsp; 5.00%, 12/01/2037 (Callable 12/01/2029) | 550000 | 572302 |
| &nbsp;&nbsp; 5.00%, 12/01/2039 (Callable 12/01/2029) | &nbsp;&nbsp; 5.00%, 12/01/2039 (Callable 12/01/2029) | 1000000 | 1033020 |
|  Whitehouse Independent School District, 5.00%, 02/15/2037 (Callable 02/15/2027) | Whitehouse Independent School District, 5.00%, 02/15/2037 (Callable 02/15/2027) | 1200000 | 1225041 |
|  Willis Independent School District, 5.00%, 02/15/2039 (Callable 02/15/2035) | Willis Independent School District, 5.00%, 02/15/2039 (Callable 02/15/2035) | 1410000 | 1549453 |
| Wink-Loving Independent School District | Wink-Loving Independent School District | Wink-Loving Independent School District | Wink-Loving Independent School District |
| &nbsp;&nbsp; 5.00%, 02/15/2034 (Callable 08/15/2026) | &nbsp;&nbsp; 5.00%, 02/15/2034 (Callable 08/15/2026) | 4000000 | 4077969 |
| &nbsp;&nbsp; 5.00%, 02/15/2035 (Callable 08/15/2026) | &nbsp;&nbsp; 5.00%, 02/15/2035 (Callable 08/15/2026) | 4500000 | 4583151 |
|  |  |  | 288649796 |
| **Utah - 1.1%** | **Utah - 1.1%** | **Utah - 1.1%** | **Utah - 1.1%** |
|  County of Utah UT, 5.00%, 05/15/2060 (Callable 02/01/2026) <sup>(a)</sup> | County of Utah UT, 5.00%, 05/15/2060 (Callable 02/01/2026) <sup>(a)</sup> | 2875000 | 2928380 |
|  Davis School District, 3.50%, 06/01/2034 (Callable 11/01/2025) | Davis School District, 3.50%, 06/01/2034 (Callable 11/01/2025) | 2000000 | 2000135 |
|  Salt Lake County Municipal Building Authority, 5.00%, 01/15/2041 (Callable 01/15/2028) | Salt Lake County Municipal Building Authority, 5.00%, 01/15/2041 (Callable 01/15/2028) | 375000 | 383716 |
|  Utah Charter School Finance Authority, 5.00%, 04/15/2037 (Callable 04/15/2026) | Utah Charter School Finance Authority, 5.00%, 04/15/2037 (Callable 04/15/2026) | 500000 | 502584 |
| Utah Housing Corp. | Utah Housing Corp. | Utah Housing Corp. | Utah Housing Corp. |
| &nbsp;&nbsp; 4.00%, 01/01/2045 (Callable 01/01/2026) | &nbsp;&nbsp; 4.00%, 01/01/2045 (Callable 01/01/2026) | 2040000 | 2041269 |
| &nbsp;&nbsp; 6.00%, 07/01/2053 (Callable 01/01/2032) | &nbsp;&nbsp; 6.00%, 07/01/2053 (Callable 01/01/2032) | 2335000 | 2517570 |
| &nbsp;&nbsp; 6.00%, 07/01/2054 (Callable 01/01/2033) | &nbsp;&nbsp; 6.00%, 07/01/2054 (Callable 01/01/2033) | 340000 | 375711 |
|  Utah Telecommunication Open Infrastructure Agency, 5.50%, 06/01/2040 (Callable 06/01/2032) | Utah Telecommunication Open Infrastructure Agency, 5.50%, 06/01/2040 (Callable 06/01/2032) | 500000 | 552221 |
|  |  |  | 11301586 |
| **Vermont - 0.3%** | **Vermont - 0.3%** | **Vermont - 0.3%** | **Vermont - 0.3%** |
| Vermont Housing Finance Agency | Vermont Housing Finance Agency | Vermont Housing Finance Agency | Vermont Housing Finance Agency |
| &nbsp;&nbsp; 3.60%, 11/01/2036 (Callable 11/01/2025) | &nbsp;&nbsp; 3.60%, 11/01/2036 (Callable 11/01/2025) | 1255000 | 1246862 |
| &nbsp;&nbsp; 4.00%, 05/01/2048 (Callable 11/01/2026) | &nbsp;&nbsp; 4.00%, 05/01/2048 (Callable 11/01/2026) | 50000 | 50009 |
| &nbsp;&nbsp; 4.00%, 11/01/2048 (Callable 05/01/2027) | &nbsp;&nbsp; 4.00%, 11/01/2048 (Callable 05/01/2027) | 125000 | 125285 |
|  Vermont Municipal Bond Bank, 5.00%, 12/01/2034 (Callable 12/01/2026) | Vermont Municipal Bond Bank, 5.00%, 12/01/2034 (Callable 12/01/2026) | 1625000 | 1652002 |
|  |  |  | 3074158 |
| **Virginia - 2.0%** | **Virginia - 2.0%** | **Virginia - 2.0%** | **Virginia - 2.0%** |
|  Chesapeake Redevelopment & Housing Authority, 5.00%, 05/01/2043 (Callable 05/01/2026) <sup>(a)</sup> | Chesapeake Redevelopment & Housing Authority, 5.00%, 05/01/2043 (Callable 05/01/2026) <sup>(a)</sup> | 2415000 | 2443119 |
|  Danville Industrial Development Authority, 5.25%, 10/01/2028 | Danville Industrial Development Authority, 5.25%, 10/01/2028 | 140000 | 144873 |
|  Hampton Roads Transportation Accountability Commission, 5.50%, 07/01/2057 (Callable 01/01/2028) | Hampton Roads Transportation Accountability Commission, 5.50%, 07/01/2057 (Callable 01/01/2028) | 15000000 | 16049695 |
| Virginia Resources Authority | Virginia Resources Authority | Virginia Resources Authority | Virginia Resources Authority |
| &nbsp;&nbsp; 0.00%, 11/01/2027 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 11/01/2027 <sup>(d)</sup> | 520000 | 492359 |
| &nbsp;&nbsp; 4.00%, 11/01/2032 (Callable 11/01/2026) | &nbsp;&nbsp; 4.00%, 11/01/2032 (Callable 11/01/2026) | 1500000 | 1518651 |
| &nbsp;&nbsp; 5.00%, 11/01/2045 (Callable 11/01/2025) | &nbsp;&nbsp; 5.00%, 11/01/2045 (Callable 11/01/2025) | 1000000 | 1000071 |
|  |  |  | 21648768 |
| **Washington - 2.2%** | **Washington - 2.2%** | **Washington - 2.2%** | **Washington - 2.2%** |
|  Central Puget Sound Regional Transit Authority, 5.00%, 11/01/2032 (Callable 11/01/2025) | Central Puget Sound Regional Transit Authority, 5.00%, 11/01/2032 (Callable 11/01/2025) | 2725000 | 2730591 |
|  Clark County School District No 114 Evergreen, 5.25%, 12/01/2040 (Callable 06/01/2032) | Clark County School District No 114 Evergreen, 5.25%, 12/01/2040 (Callable 06/01/2032) | 9400000 | 10215015 |
|  County of King WA, 5.00%, 12/01/2042 (Callable 12/01/2034) | County of King WA, 5.00%, 12/01/2042 (Callable 12/01/2034) | 385000 | 415732 |
| King County Housing Authority | King County Housing Authority | King County Housing Authority | King County Housing Authority |
| &nbsp;&nbsp; 3.25%, 05/01/2033 (Callable 05/01/2028) | &nbsp;&nbsp; 3.25%, 05/01/2033 (Callable 05/01/2028) | 1500000 | 1493988 |
| &nbsp;&nbsp; 4.00%, 11/01/2034 (Callable 11/01/2029) | &nbsp;&nbsp; 4.00%, 11/01/2034 (Callable 11/01/2029) | 1520000 | 1542167 |
| &nbsp;&nbsp; 4.00%, 11/01/2036 (Callable 11/01/2029) | &nbsp;&nbsp; 4.00%, 11/01/2036 (Callable 11/01/2029) | 3250000 | 3278735 |
| Orchard Prairie School District No 123 | Orchard Prairie School District No 123 | Orchard Prairie School District No 123 | Orchard Prairie School District No 123 |
| &nbsp;&nbsp; 5.50%, 12/01/2045 (Callable 06/01/2035) | &nbsp;&nbsp; 5.50%, 12/01/2045 (Callable 06/01/2035) | 720000 | 780045 |
| &nbsp;&nbsp; 5.50%, 12/01/2050 (Callable 06/01/2035) | &nbsp;&nbsp; 5.50%, 12/01/2050 (Callable 06/01/2035) | 325000 | 348532 |
|  State of Washington, 4.00%, 07/01/2039 (Callable 07/01/2031) | State of Washington, 4.00%, 07/01/2039 (Callable 07/01/2031) | 940000 | 944448 |
| Washington Health Care Facilities Authority | Washington Health Care Facilities Authority | Washington Health Care Facilities Authority | Washington Health Care Facilities Authority |
| &nbsp;&nbsp; 5.00%, 09/01/2031 (Callable 09/01/2030) | &nbsp;&nbsp; 5.00%, 09/01/2031 (Callable 09/01/2030) | 175000 | 191924 |
| &nbsp;&nbsp; 5.00%, 09/01/2032 (Callable 09/01/2030) | &nbsp;&nbsp; 5.00%, 09/01/2032 (Callable 09/01/2030) | 465000 | 507154 |
| Washington State Housing Finance Commission | Washington State Housing Finance Commission | Washington State Housing Finance Commission | Washington State Housing Finance Commission |
| &nbsp;&nbsp; 2.65%, 12/01/2040 (Callable 06/01/2029) | &nbsp;&nbsp; 2.65%, 12/01/2040 (Callable 06/01/2029) | 1800000 | 1412264 |
| &nbsp;&nbsp; 4.00%, 06/01/2049 (Callable 06/01/2028) | &nbsp;&nbsp; 4.00%, 06/01/2049 (Callable 06/01/2028) | 225000 | 226414 |
|  |  |  | 24087009 |
| **Wisconsin - 4.5%** | **Wisconsin - 4.5%** | **Wisconsin - 4.5%** | **Wisconsin - 4.5%** |
|  Baraboo School District, 3.00%, 04/01/2033 (Callable 04/01/2026) | Baraboo School District, 3.00%, 04/01/2033 (Callable 04/01/2026) | 650000 | 640883 |
|  Big Foot Union High School District, 3.00%, 03/01/2032 (Callable 03/01/2027) | Big Foot Union High School District, 3.00%, 03/01/2032 (Callable 03/01/2027) | 430000 | 432276 |
|  City of Fitchburg WI, 4.00%, 12/01/2042 (Callable 12/01/2032) | City of Fitchburg WI, 4.00%, 12/01/2042 (Callable 12/01/2032) | 1365000 | 1321588 |
|  County of Kenosha WI, 3.50%, 09/01/2028 (Callable 11/01/2025) | County of Kenosha WI, 3.50%, 09/01/2028 (Callable 11/01/2025) | 820000 | 820477 |
|  D C Everest Area School District/WI, 3.63%, 04/01/2038 (Callable 04/01/2027) | D C Everest Area School District/WI, 3.63%, 04/01/2038 (Callable 04/01/2027) | 3900000 | 3963749 |
|  Greendale School District, 5.00%, 03/01/2032 (Callable 03/01/2027) | Greendale School District, 5.00%, 03/01/2032 (Callable 03/01/2027) | 110000 | 113540 |
| Southeast Wisconsin Professional Baseball Park District | Southeast Wisconsin Professional Baseball Park District | Southeast Wisconsin Professional Baseball Park District | Southeast Wisconsin Professional Baseball Park District |
| &nbsp;&nbsp; 5.50%, 12/15/2026 | &nbsp;&nbsp; 5.50%, 12/15/2026 | 1120000 | 1140277 |
| &nbsp;&nbsp; 0.00%, 12/15/2027 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/15/2027 <sup>(d)</sup> | 1185000 | 1118411 |
| &nbsp;&nbsp; 0.00%, 12/15/2028 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/15/2028 <sup>(d)</sup> | 1000000 | 919214 |
| &nbsp;&nbsp; 0.00%, 12/15/2029 <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/15/2029 <sup>(d)</sup> | 1145000 | 1020491 |
|  St Croix Falls School District, 2.00%, 04/01/2040 (Callable 04/01/2028) | St Croix Falls School District, 2.00%, 04/01/2040 (Callable 04/01/2028) | 660000 | 646544 |
| State of Wisconsin | State of Wisconsin | State of Wisconsin | State of Wisconsin |
| &nbsp;&nbsp; 5.00%, 05/01/2032 (Callable 05/01/2026) | &nbsp;&nbsp; 5.00%, 05/01/2032 (Callable 05/01/2026) | 1000000 | 1013977 |
| &nbsp;&nbsp; 5.00%, 05/01/2038 (Callable 05/01/2028) | &nbsp;&nbsp; 5.00%, 05/01/2038 (Callable 05/01/2028) | 1000000 | 1039931 |
| &nbsp;&nbsp; 5.00%, 05/01/2043 (Callable 05/01/2034) | &nbsp;&nbsp; 5.00%, 05/01/2043 (Callable 05/01/2034) | 2840000 | 3041281 |
| Village of Mount Pleasant WI | Village of Mount Pleasant WI | Village of Mount Pleasant WI | Village of Mount Pleasant WI |
| &nbsp;&nbsp; 5.00%, 04/01/2036 (Callable 04/01/2028) | &nbsp;&nbsp; 5.00%, 04/01/2036 (Callable 04/01/2028) | 275000 | 287798 |
| &nbsp;&nbsp; 4.00%, 04/01/2037 (Callable 04/01/2028) | &nbsp;&nbsp; 4.00%, 04/01/2037 (Callable 04/01/2028) | 2400000 | 2423313 |
| &nbsp;&nbsp; 5.00%, 04/01/2048 (Callable 04/01/2028) | &nbsp;&nbsp; 5.00%, 04/01/2048 (Callable 04/01/2028) | 1500000 | 1520829 |
|  Waterford Union High School District, 3.00%, 03/01/2039 (Callable 03/01/2029) | Waterford Union High School District, 3.00%, 03/01/2039 (Callable 03/01/2029) | 665000 | 676540 |
|  West De Pere School District, 2.50%, 04/01/2040 (Callable 04/01/2030) | West De Pere School District, 2.50%, 04/01/2040 (Callable 04/01/2030) | 2500000 | 2476519 |
| Wisconsin Center District | Wisconsin Center District | Wisconsin Center District | Wisconsin Center District |
| &nbsp;&nbsp; 4.00%, 12/15/2029 (Callable 06/15/2026) | &nbsp;&nbsp; 4.00%, 12/15/2029 (Callable 06/15/2026) | 1480000 | 1497197 |
| &nbsp;&nbsp; 0.00%, 12/15/2034 (Callable 12/15/2030) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/15/2034 (Callable 12/15/2030) <sup>(d)</sup> | 1810000 | 1301821 |
| &nbsp;&nbsp; 0.00%, 12/15/2038 (Callable 12/15/2030) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/15/2038 (Callable 12/15/2030) <sup>(d)</sup> | 1000000 | 576789 |
| &nbsp;&nbsp; 0.00%, 12/15/2060 (Callable 12/15/2030) <sup>(d)</sup> | &nbsp;&nbsp; 0.00%, 12/15/2060 (Callable 12/15/2030) <sup>(d)</sup> | 32275000 | 8416500 |
| Wisconsin Health & Educational Facilities Authority | Wisconsin Health & Educational Facilities Authority | Wisconsin Health & Educational Facilities Authority | Wisconsin Health & Educational Facilities Authority |
| &nbsp;&nbsp; 5.00%, 08/15/2029 (Callable 08/15/2027) | &nbsp;&nbsp; 5.00%, 08/15/2029 (Callable 08/15/2027) | 70000 | 72921 |
| &nbsp;&nbsp; 5.00%, 04/01/2033 (Callable 04/01/2027) | &nbsp;&nbsp; 5.00%, 04/01/2033 (Callable 04/01/2027) | 900000 | 925027 |
| &nbsp;&nbsp; 5.00%, 04/01/2035 (Callable 04/01/2027) | &nbsp;&nbsp; 5.00%, 04/01/2035 (Callable 04/01/2027) | 180000 | 184331 |
| &nbsp;&nbsp; 4.00%, 04/01/2039 (Callable 04/01/2027) | &nbsp;&nbsp; 4.00%, 04/01/2039 (Callable 04/01/2027) | 2500000 | 2418727 |
| &nbsp;&nbsp; 5.00%, 07/01/2042 (Callable 07/01/2027) | &nbsp;&nbsp; 5.00%, 07/01/2042 (Callable 07/01/2027) | 2000000 | 2010120 |
| &nbsp;&nbsp; 4.00%, 11/15/2046 (Callable 05/15/2026) | &nbsp;&nbsp; 4.00%, 11/15/2046 (Callable 05/15/2026) | 3175000 | 3200871 |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue | Wisconsin Housing & Economic Development Authority Home Ownership Revenue | Wisconsin Housing & Economic Development Authority Home Ownership Revenue | Wisconsin Housing & Economic Development Authority Home Ownership Revenue |
| &nbsp;&nbsp; 3.50%, 09/01/2046 (Callable 11/01/2025) | &nbsp;&nbsp; 3.50%, 09/01/2046 (Callable 11/01/2025) | 135000 | 134828 |
| &nbsp;&nbsp; 4.00%, 03/01/2048 (Callable 03/01/2027) | &nbsp;&nbsp; 4.00%, 03/01/2048 (Callable 03/01/2027) | 530000 | 531551 |
| &nbsp;&nbsp; 4.25%, 03/01/2049 (Callable 09/01/2028) | &nbsp;&nbsp; 4.25%, 03/01/2049 (Callable 09/01/2028) | 640000 | 649365 |
| &nbsp;&nbsp; 6.00%, 03/01/2054 (Callable 09/01/2032) | &nbsp;&nbsp; 6.00%, 03/01/2054 (Callable 09/01/2032) | 1460000 | 1605793 |
|  Wisconsin Housing & Economic Development Authority Housing Revenue, 4.63%, 11/01/2043 (Callable 05/01/2032) | Wisconsin Housing & Economic Development Authority Housing Revenue, 4.63%, 11/01/2043 (Callable 05/01/2032) | 435000 | 438215 |
|  |  |  | 48581694 |
| **Wyoming - 0.1%** | **Wyoming - 0.1%** | **Wyoming - 0.1%** | **Wyoming - 0.1%** |
|  Wyoming Community Development Authority, 4.00%, 12/01/2048 (Callable 06/01/2028) | Wyoming Community Development Authority, 4.00%, 12/01/2048 (Callable 06/01/2028) | 835000 | 839515 |
| **TOTAL MUNICIPAL BONDS** (Cost $1,039,829,850) | **TOTAL MUNICIPAL BONDS** (Cost $1,039,829,850) | **TOTAL MUNICIPAL BONDS** (Cost $1,039,829,850) | 1036558151 |
| **U.S. TREASURY SECURITIES - 1.4%** | **U.S. TREASURY SECURITIES - 1.4%** | **Par** | **Value**  |
|  United States Treasury Note/Bond, 3.75%, 08/15/2027 | United States Treasury Note/Bond, 3.75%, 08/15/2027 | 15000000 | 15031055 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $14,928,516) | **TOTAL U.S. TREASURY SECURITIES** (Cost $14,928,516) | **TOTAL U.S. TREASURY SECURITIES** (Cost $14,928,516) | 15031055 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.2%** | **MONEY MARKET FUNDS - 1.2%** | **Shares** | **Value**  |
| Federated Institutional Tax-Free Cash Trust - Class Premier, 2.93%<sup>(g)</sup> | Federated Institutional Tax-Free Cash Trust - Class Premier, 2.93%<sup>(g)</sup> | 12975032 | 12975032 |
| **TOTAL MONEY MARKET FUNDS** (Cost $12,975,032) | **TOTAL MONEY MARKET FUNDS** (Cost $12,975,032) | **TOTAL MONEY MARKET FUNDS** (Cost $12,975,032) | 12975032 |
| **TOTAL INVESTMENTS - 99.4% (**Cost $1,067,733,398**)** | **TOTAL INVESTMENTS - 99.4% (**Cost $1,067,733,398**)** | **TOTAL INVESTMENTS - 99.4% (**Cost $1,067,733,398**)** | 1064564238 |
| Other Assets in Excess of Liabilities - 0.6% | Other Assets in Excess of Liabilities - 0.6% | Other Assets in Excess of Liabilities - 0.6% | 6229483 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $1070793721 |
| two | two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

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FHLMC - Federal Home Loan Mortgage Corporation<br>

(a) Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate
 disclosed is as of September 30, 2025.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $15,211,087 or 1.4% of the Fund's net assets.

(c) Step coupon bond. The rate disclosed is as of September 30, 2025.

(d) Zero coupon bonds make no periodic interest payments.

(e) Represents less than 0.05% of net assets.

(f) To the extent that the Fund invests more heavily in a particular state, its performance will be especially sensitive to developments that significantly affect that state.

(g) The rate shown represents the 7-day annualized yield as of September 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Baird Quality Intermediate Municipal Bond Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | $– | $1036558151 | $– | $1036558151 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 15031055 | – | 15031055 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 12975032 | – | – | 12975032 |
| Total Investments | $12975032 | $1051589206 | $– | $1064564238 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period, as compared to the security classifications from the prior year's core financial statements. <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Baird Funds Inc

- **b. Investment Company Act file number:** 811-09997

- **c. CIK number of Registrant:** 0001282693

- **d. LEI of Registrant:** 5493007JR2NWYBC7PO06

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

  - **Street Address 1:** 777 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147653614

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

- **a. Name of Series:** Baird Quality Intermediate Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000000756

- **c. LEI of Series:** 549300DTKGOXU5FDSQ66

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1076242123.59

**Total Liabilities:** $5802021.09

**Net Assets:** $1070440102.50

**Delayed Delivery Securities:** $5452150.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2898.290000000000 | **1-Year:** 31405.470000000000 | **5-Year:** 101985.810000000000 | **10-Year:** 239239.350000000000 | **30-Year:** 81102.220000000000

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

- **3-Month:** 24.170000000000 | **1-Year:** 119.470000000000 | **5-Year:** 19.930000000000 | **10-Year:** 150.780000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002169 | 0.18%                | 0.71%                | 1.25%                |
| Class ID C000002170 | 0.15%                | 0.67%                | 1.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-254842.17              | $-470580.74                                |
| Month 2  | $15723.46                | $4973317.85                                |
| Month 3  | $-61965.44               | $9806035.04                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADAMS CNTY CO SCH DIST #14     | Adams County School District No 14                                               | CUSIP: 005662PH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $392630.84    | 0.04%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806TL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $452160.86    | 0.04%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY MO REORG SCH DIST #R | Cass County Reorganized School District No R-1 Midway                            | CUSIP: 147861DE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $575988.49    | 0.05%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY MO REORG SCH DIST #R | Pleasant Hill R-III School District                                              | CUSIP: 147880HJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2516809.27   | 0.24%             | 2043-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL BASIN CA MUNI WTR DIST | Central Basin Municipal Water District                                           | CUSIP: 15262PAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75148.56     | 0.01%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145JC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $234936.88    | 0.02%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #159 MAT | Cook County School District No 159 Matteson-Richton Park                         | CUSIP: 215260MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $228894.97    | 0.02%             | 2025-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX INDEP SCH DIST     | Crandall Independent School District                                             | CUSIP: 224381QT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1010165.90   | 0.09%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROCKETT CNTY TX CONSOL COMMON | Crockett County Consolidated Common School District No 1                         | CUSIP: 226864CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209931.38    | 0.02%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DADE CNTY FL PROFESSIONAL SPOR | County of Miami-Dade FL                                                          | CUSIP: 233542CB3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    370000 | PA      | $351101.70    | 0.03%             | 2027-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DEKALB CNTY GA HSG AUTH MF HSG | DeKalb County Housing Authority                                                  | CUSIP: 240471PK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $530327.28    | 0.05%             | 2026-04-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST       | Denton Independent School District                                               | CUSIP: 249002NM4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039852.60   | 0.10%             | 2055-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY CO SCH DIST #20   | El Paso County School District No 20 Academy                                     | CUSIP: 283461N56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222934.34    | 0.02%             | 2040-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE IN ECON DEV REVENUE | City of Evansville IN                                                            | CUSIP: 299337DW2<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |    735000 | PA      | $739456.16    | 0.07%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE & MONTGOMERY CNTYS IL  | Fayette & Montgomery Counties Community Unit School District No 203 Vandalia     | CUSIP: 312117HF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $334382.91    | 0.03%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MU | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 3137HA4G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   2932905 | PA      | $2879752.37   | 0.27%             | 2040-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FISHERS IN REDEV AUTH LEASE RE | Fishers Redevelopment Authority                                                  | CUSIP: 33803TSV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915167.30    | 0.09%             | 2044-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLEMINGTON RARITAN NJ REGL SCH | Flemington Raritan Regional Board of Education                                   | CUSIP: 339297NX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $583616.67    | 0.05%             | 2033-09-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FLOUR BLUFF TX INDEP SCH DIST  | Flour Bluff Independent School District                                          | CUSIP: 343400FH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1843093.79   | 0.17%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANNA TX INDEP SCH DIST         | Anna Independent School District                                                 | CUSIP: 035707TF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $922076.34    | 0.09%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARCADIA VLY MO REORG SCH DIST# | Arcadia Valley R-II School District                                              | CUSIP: 039220DV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $378696.56    | 0.04%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARCADIA VLY MO REORG SCH DIST# | Arcadia Valley R-II School District                                              | CUSIP: 039220DW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $399336.07    | 0.04%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 0418064M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $518360.18    | 0.05%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806KD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $858375.73    | 0.08%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEXICO MO SCH DIST #59         | Mexico School District No 59                                                     | CUSIP: 05080AAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2355578.10   | 0.22%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TX TOLL ROAD AUT | Brazoria County Toll Road Authority                                              | CUSIP: 106134AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $62769.36     | 0.01%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL MONTE CA CITY SCH DIST      | El Monte City School District/CA                                                 | CUSIP: 283309GM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1464174.29   | 0.14%             | 2029-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GENERATION PARK TX MGMT DIST   | Generation Park Management District                                              | CUSIP: 37149ALM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $572931.97    | 0.05%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GODDARD KS                     | City of Goddard KS                                                               | CUSIP: 380270RH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $530800.72    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T | Grand Parkway Transportation Corp                                                | CUSIP: 38611TAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054984.30   | 0.10%             | 2046-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HOMERVILLE GA HSG AUTH MF HSG  | Homerville Housing Authority                                                     | CUSIP: 437597AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007004.50   | 0.09%             | 2028-01-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| INLIVIAN NC MF REVENUE         | Inlivian                                                                         | CUSIP: 45753CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4604770 | PA      | $3941310.80   | 0.37%             | 2037-05-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN | Iowa Finance Authority                                                           | CUSIP: 462467VD0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145588.66    | 0.01%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENOSHA CNTY WI                | County of Kenosha WI                                                             | CUSIP: 489782W81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $820477.08    | 0.08%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KIESTER MN                     | City of Kiester MN                                                               | CUSIP: 493862BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1197834.60   | 0.11%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LA PRYOR TX INDEP SCH DIST     | La Pryor Independent School District                                             | CUSIP: 504156GF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84494.89     | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU | Louisiana Public Facilities Authority                                            | CUSIP: 546399PD2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    260000 | PA      | $274196.13    | 0.03%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLG BLDG AUTH | Massachusetts State College Building Authority                                   | CUSIP: 575832GX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5790000 | PA      | $5389835.73   | 0.50%             | 2028-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592113CD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001847.90   | 0.09%             | 2048-02-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT | Michigan State Housing Development Authority                                     | CUSIP: 594654SG1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1677784.79   | 0.16%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                 | CUSIP: 60416SP46<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    485000 | PA      | $491703.09    | 0.05%             | 2049-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV AGY MF | Monroe County Industrial Development Corp                                        | CUSIP: 610758AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3049955 | PA      | $3144518.64   | 0.29%             | 2040-11-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF HSG SF MTGE  | Montana Board of Housing                                                         | CUSIP: 61212WKL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $416841.92    | 0.04%             | 2045-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN CNTY AL BRD OF EDU SCH  | Morgan County Board of Education/AL                                              | CUSIP: 61709KDT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074601.00   | 0.10%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST INVESTMENT FIN AUT | Nebraska Investment Finance Authority                                            | CUSIP: 63968MVZ9<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    910000 | PA      | $909459.55    | 0.08%             | 2050-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A | New Jersey Housing & Mortgage Finance Agency                                     | CUSIP: 64613AAC6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    665000 | PA      | $675575.23    | 0.06%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH    | New Mexico Mortgage Finance Authority                                            | CUSIP: 6472003G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $784729.84    | 0.07%             | 2040-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH    | New Mexico Mortgage Finance Authority                                            | CUSIP: 647201CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $687189.40    | 0.06%             | 2033-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY  | North Carolina Housing Finance Agency                                            | CUSIP: 6582072F1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3854854.98   | 0.36%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                              | CUSIP: 6589097Y6<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014592.00   | 0.09%             | 2039-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4884021.00   | 0.46%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BOERNE TX INDEP SCH DIST       | Boerne Independent School District                                               | CUSIP: 097067NM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $991660.49    | 0.09%             | 2043-12-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TX TOLL ROAD AUT | Brazoria County Toll Road Authority                                              | CUSIP: 106134AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200246.22    | 0.02%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT | California Housing Finance Agency                                                | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4720986 | PA      | $4751912.06   | 0.44%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CARL JUNCTION MO #R-I SCH DIST | Carl Junction R-I School District/MO                                             | CUSIP: 142186FY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $603128.46    | 0.06%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMAN-AINSWORTH MI CMNTY SCHD | Carman-Ainsworth Community Schools                                               | CUSIP: 143118EW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $394299.64    | 0.04%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMAN-AINSWORTH MI CMNTY SCHD | Carman-Ainsworth Community Schools                                               | CUSIP: 143118EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $466263.64    | 0.04%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WCB0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1045483.88   | 0.10%             | 2036-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461V70<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    350000 | PA      | $334072.87    | 0.03%             | 2028-07-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 574216XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $767508.38    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H | Massachusetts Housing Finance Agency                                             | CUSIP: 57587AA81<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    560000 | PA      | $562196.21    | 0.05%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DADE CNTY FL PROFESSIONAL SPOR | County of Miami-Dade FL                                                          | CUSIP: 233542CA5<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146035.55    | 0.01%             | 2026-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DALHART TX INDEP SCH DIST      | Dalhart Independent School District                                              | CUSIP: 234451EZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1245564.45   | 0.12%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS CNTY IA LOCAL OPTION SA | County of Dallas IA Local Option Sales & Services Tax Revenue                    | CUSIP: 234611AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $551802.30    | 0.05%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FISHERS TOWN HALL BLDG CORP IN | Fishers Town Hall Building Corp                                                  | CUSIP: 338042DD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106050.50   | 0.10%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLEMINGTON RARITAN NJ REGL SCH | Flemington Raritan Regional Board of Education                                   | CUSIP: 339297NV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927472.80    | 0.09%             | 2031-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP MF MTG | Florida Housing Finance Corp                                                     | CUSIP: 34074HGP1<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   4911665 | PA      | $3977857.87   | 0.37%             | 2036-08-01      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST                     | State of Florida                                                                 | CUSIP: 341150V64<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    510000 | PA      | $474575.09    | 0.04%             | 2037-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORT LUPTON CO WTR SYS REVENUE | City of Fort Lupton CO Water Revenue                                             | CUSIP: 347818BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $833063.75    | 0.08%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power                                          | CUSIP: 544532PR9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1450215.50   | 0.14%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP MF HSG R | Louisiana Housing Corp                                                           | CUSIP: 54627CBS1<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3677846.95   | 0.34%             | 2043-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH  | Louisiana Public Facilities Authority                                            | CUSIP: 546398DJ4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  22190000 | PA      | $22581584.71  | 2.11%             | 2032-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARCADIA VLY MO REORG SCH DIST# | Arcadia Valley R-II School District                                              | CUSIP: 039220DQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118821.49    | 0.01%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806YL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1882941.40   | 0.18%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNERS GROVE IL               | Village of Downers Grove IL                                                      | CUSIP: 260741RF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375002.59    | 0.04%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FERNDALE MI                    | City of Ferndale MI                                                              | CUSIP: 315135JU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $447351.93    | 0.04%             | 2032-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABILENE KS                     | City of Abilene KS                                                               | CUSIP: 003392MU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3015295.20   | 0.28%             | 2029-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HSG FIN AUTH SF MTG | Alabama Housing Finance Authority                                                | CUSIP: 01030RJD5<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2175451.54   | 0.20%             | 2055-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUBLIC FING AUTH LE | Anaheim Public Financing Authority                                               | CUSIP: 03255LBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19985000 | PA      | $14061713.80  | 1.31%             | 2036-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANNE ARUNDEL CNTY MD           | County of Anne Arundel MD                                                        | CUSIP: 03588HUR5<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2869192.22   | 0.27%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARCADIA VLY MO REORG SCH DIST# | Arcadia Valley R-II School District                                              | CUSIP: 039220DT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $344846.03    | 0.03%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806W97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $242563.71    | 0.02%             | 2041-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807PH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551569.55    | 0.05%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEXICO MO SCH DIST #59         | Mexico School District No 59                                                     | CUSIP: 05080AAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044629.20   | 0.10%             | 2043-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAIRD TX INDEP SCH DIST        | Baird Independent School District                                                | CUSIP: 057093EF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1847333.66   | 0.17%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REVENUE      | City of Baltimore MD                                                             | CUSIP: 05922KCX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $124243.21    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARBERS HILL TX INDEP SCH DIST | Barbers Hill Independent School District                                         | CUSIP: 067167D60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057925.50   | 0.10%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARBERS HILL TX INDEP SCH DIST | Barbers Hill Independent School District                                         | CUSIP: 067167D78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $789338.70    | 0.07%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                  | County of Bexar TX                                                               | CUSIP: 0882814N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1623150.37   | 0.15%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLUFFTON-HARRISON IN MIDDLE SC | Bluffton-Harrison Middle School Building Corp                                    | CUSIP: 096288DL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $587080.01    | 0.05%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLUFFTON-HARRISON IN MIDDLE SC | Bluffton-Harrison Middle School Building Corp                                    | CUSIP: 096288DM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $375084.82    | 0.04%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOULDER VLY CO SCH DIST #RE-2  | Boulder Valley School District No Re-2 Boulder                                   | CUSIP: 101547UU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1225788.04   | 0.11%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TX               | County of Brazoria TX                                                            | CUSIP: 106025NC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $248968.05    | 0.02%             | 2037-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CARMAN-AINSWORTH MI CMNTY SCHD | Carman-Ainsworth Community Schools                                               | CUSIP: 143118ET0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219040.70    | 0.02%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMAN-AINSWORTH MI CMNTY SCHD | Carman-Ainsworth Community Schools                                               | CUSIP: 143118EV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536425.35    | 0.05%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY MO REORG SCH DIST #R | Pleasant Hill R-III School District                                              | CUSIP: 147880HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2173232.14   | 0.20%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY ND JT WTR RESOURCE D | Cass County Joint Water Resource District                                        | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3162006.92   | 0.30%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA | Central Puget Sound Regional Transit Authority                                   | CUSIP: 15504RGB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2730591.43   | 0.26%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK-PLEASANT IN CMNTY SCH BL | Clark-Pleasant Community School Building Corp                                    | CUSIP: 181503HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1689580.00   | 0.16%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLINTON IA CMNTY SCH DIST SCHI | Clinton Community School District/IA Infrastructure Sales Services & Use Tax     | CUSIP: 18735EBM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2144729.79   | 0.20%             | 2036-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COLUMBIA SC WTRWKS & SWR SYS   | City of Columbia SC Waterworks & Sewer System Revenue                            | CUSIP: 198504ZV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5680000 | PA      | $6162326.86   | 0.58%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS IN MULTI-SCH BLDG COR | Columbus Multi School Building Corp                                              | CUSIP: 199240HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $426511.32    | 0.04%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #159 MAT | Cook County School District No 159 Matteson-Richton Park                         | CUSIP: 215260JZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $489980.61    | 0.05%             | 2028-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DALLAS CNTY IA LOCAL OPTION SA | County of Dallas IA Local Option Sales & Services Tax Revenue                    | CUSIP: 234611AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1846002.20   | 0.17%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT LAUDERDALE FL WTR & SWR R | City of Fort Lauderdale FL Water & Sewer Revenue                                 | CUSIP: 347658ZX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3784729.55   | 0.35%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DALLAS CNTY IA LOCAL OPTION SA | County of Dallas IA Local Option Sales & Services Tax Revenue                    | CUSIP: 234611AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $458869.80    | 0.04%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAVIS CNTY UT SCH DIST         | Davis School District                                                            | CUSIP: 239019N65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000135.20   | 0.19%             | 2034-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DECATUR TX HOSP AUTH           | Decatur Hospital Authority                                                       | CUSIP: 243323AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $255604.92    | 0.02%             | 2029-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DECATUR TX HOSP AUTH           | Decatur Hospital Authority                                                       | CUSIP: 243323BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $409243.44    | 0.04%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DECATUR TX HOSP AUTH           | Decatur Hospital Authority                                                       | CUSIP: 243323BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2441000 | PA      | $2545397.18   | 0.24%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DEKALB NEWTON & GWINNETT CNTYS | DeKalb Newton & Gwinnett Counties Joint Development Authority                    | CUSIP: 24487RDQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $311697.12    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI | Golden State Tobacco Securitization Corp                                         | CUSIP: 38122NZC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $445203.10    | 0.04%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T | Grand Parkway Transportation Corp                                                | CUSIP: 38611TAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316953.39    | 0.03%             | 2045-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY CO SCH DIST #20   | El Paso County School District No 20 Academy                                     | CUSIP: 283461P21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214789.52    | 0.02%             | 2045-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MF | FHLMC Multifamily VRD Certificates                                               | CUSIP: 31350ACS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3040595.46   | 0.28%             | 2035-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| FISHERS IN REDEV AUTH LEASE RE | Fishers Redevelopment Authority                                                  | CUSIP: 33803TSU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933003.00    | 0.09%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                     | State of Georgia                                                                 | CUSIP: 3733842C9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375124.99    | 0.04%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI | Golden State Tobacco Securitization Corp                                         | CUSIP: 38122NGM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $590981.14    | 0.06%             | 2028-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GWINNETT CNTY GA SCH DIST      | Gwinnett County School District                                                  | CUSIP: 403755V81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3124566.00   | 0.29%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC | Hampton Roads Transportation Accountability Commission                           | CUSIP: 40934TAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16049695.50  | 1.50%             | 2057-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX HLTH FACS DEV C | Harris County Health Facilities Development Corp                                 | CUSIP: 41315RBF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1618785.95   | 0.15%             | 2027-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HOFFMAN ESTATES IL PARK DIST   | Hoffman Estates Park District                                                    | CUSIP: 434462PZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1472522.30   | 0.14%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SF MTG | Idaho Housing & Finance Association                                              | CUSIP: 45129Y5K8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2931396.35   | 0.27%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY MO SCH DIST #R-VI | Warrensburg School District No R-VI                                              | CUSIP: 478825HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $673991.28    | 0.06%             | 2042-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KANE MCHENRY COOK & DEKALB CNT | Kane McHenry Cook & De Kalb Counties Unit School District No 300/IL              | CUSIP: 484080UF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2149598.10   | 0.20%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX WC&ID #164      | Harris County Water Control & Improvement District No 164                        | CUSIP: 41453UAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $52737.99     | 0.00%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HGR EDU FIN CORP    | Houston Higher Education Finance Corp                                            | CUSIP: 442378GA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1031647.38   | 0.10%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KILLEEN TX INDEP SCH DIST      | Killeen Independent School District                                              | CUSIP: 494152VD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $675957.67    | 0.06%             | 2042-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH   | Lower Colorado River Authority                                                   | CUSIP: 5481003N4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66566.94     | 0.01%             | 2028-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MASON LOGAN & TAZEWELL CNTYS I | Mason Logan & Tazewell Counties Community Unit School Dist No 189 Illini Central | CUSIP: 575220BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $623267.88    | 0.06%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HLTH & EDUCTNL BL | Rhode Island Health and Educational Building Corp                                | CUSIP: 76219MAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1571369.30   | 0.15%             | 2041-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HGR EDU FIN CORP ED | Houston Higher Education Finance Corp                                            | CUSIP: 44237HAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1797383.04   | 0.17%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX WTR & SWR SYS REVEN | City of Houston TX Combined Utility System Revenue                               | CUSIP: 4424365S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $249562.43    | 0.02%             | 2027-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461TJ7<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    350000 | PA      | $330978.90    | 0.03%             | 2042-07-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BOND AUTH     | Tennessee State School Bond Authority                                            | CUSIP: 880558JU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504782.70    | 0.05%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN | Illinois Housing Development Authority                                           | CUSIP: 45201YS57<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    210000 | PA      | $211456.56    | 0.02%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45204EQF8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1872940.22   | 0.17%             | 2031-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528U7V7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2222894.60   | 0.21%             | 2048-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE       | Iowa Finance Authority                                                           | CUSIP: 46246K7S5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1089189.46   | 0.10%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY TX                | County of Johnson TX                                                             | CUSIP: 478898GH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $465205.94    | 0.04%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP MF REVENU | Kentucky Housing Corp                                                            | CUSIP: 49131CAA0<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1628291.13   | 0.15%             | 2043-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TX INDEP SCH DIST    | Texarkana Independent School District                                            | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1816710.48   | 0.17%             | 2053-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LA PORTE TX INDEP SCH DIST     | La Porte Independent School District/TX                                          | CUSIP: 504102X90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1789585.64   | 0.17%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEON CNTY-TALLAHASSEE FL BLUEP | Leon County - City of Tallahassee Blueprint Intergovernmental Agency             | CUSIP: 523400AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4852373.94   | 0.45%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA CMNTY CLG DIST   | Long Beach Community College District                                            | CUSIP: 542411HY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1264913.34   | 0.12%             | 2032-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ALAMITOS CA UNIF SCH DIST  | Los Alamitos Unified School District                                             | CUSIP: 544203CF7<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158503.83    | 0.01%             | 2041-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS | Maine State Housing Authority                                                    | CUSIP: 56052FJS5<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9989.13      | 0.00%             | 2047-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN | Massachusetts Bay Transportation Authority Sales Tax Revenue                     | CUSIP: 575579ZQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1214253.74   | 0.11%             | 2030-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MCCOOK SD CENTRL SCH DIST #43- | Mc Cook Central School District 43-7                                             | CUSIP: 579744EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $519064.99    | 0.05%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MESA CNTY CO VLY SCH DIST #51G | Mesa County Valley School District No 51 Grand Junction/CO                       | CUSIP: 590621LB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037018.20   | 0.10%             | 2037-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                 | CUSIP: 60416SUC2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55145.23     | 0.01%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542RFC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1193314.06   | 0.11%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542RFD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1224443.99   | 0.11%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542RFG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7755000 | PA      | $8047087.42   | 0.75%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 64579FZ30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90961.43     | 0.01%             | 2027-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH    | New Mexico Mortgage Finance Authority                                            | CUSIP: 6472006V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $671802.79    | 0.06%             | 2037-09-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XDJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045889.70   | 0.10%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XNE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1739704.42   | 0.16%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR | New York State Environmental Facilities Corp                                     | CUSIP: 64986AJG7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    300000 | PA      | $333519.54    | 0.03%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA | New York State Dormitory Authority                                               | CUSIP: 64990AEQ4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155135.32    | 0.01%             | 2037-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO | New York State Dormitory Authority                                               | CUSIP: 64990FJG0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3935169.00   | 0.37%             | 2039-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NINEVEH-HENSLEY-JACKSON IN INT | Nineveh-Hensley-Jackson Intermediate School Building Corp                        | CUSIP: 654417KY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $853204.00    | 0.08%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY  | North Carolina Housing Finance Agency                                            | CUSIP: 658207T39<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    560000 | PA      | $576422.56    | 0.05%             | 2034-01-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                              | CUSIP: 658909NG7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    900000 | PA      | $857853.36    | 0.08%             | 2037-07-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE           | State of Ohio                                                                    | CUSIP: 67756CFW3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2782160.33   | 0.26%             | 2052-01-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| OMAHA NE                       | City of Omaha NE                                                                 | CUSIP: 681712KB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2156646.85   | 0.20%             | 2030-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ORCHARD PRAIRIE SCHOOL DISTRIC | Orchard Prairie School District No 123                                           | CUSIP: 685680AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $780045.12    | 0.07%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL EXPRESSWAY SYS | Osceola County Expressway Authority                                              | CUSIP: 688023AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7540000 | PA      | $8972243.36   | 0.84%             | 2042-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PACHECO CA UNION SCH DIST COPS | Pacheco Union Elementary School District                                         | CUSIP: 693734BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $204568.32    | 0.02%             | 2037-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PACHECO CA UNION SCH DIST COPS | Pacheco Union Elementary School District                                         | CUSIP: 693734CD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $37607.92     | 0.00%             | 2028-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PALMDALE CA ELEM SCH DIST SPL  | Palmdale Elementary School District                                              | CUSIP: 69671TBJ7<br>LEI: 549300YBE1L2RGBY7L18 | Long             | DBT              | MUN               | US        |     30000 | PA      | $25549.63     | 0.00%             | 2031-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TX INDEP S | Pecos Barstow Toyah Independent School District                                  | CUSIP: 705227HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004581.80   | 0.19%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TX INDEP S | Pecos Barstow Toyah Independent School District                                  | CUSIP: 705227HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025596.00   | 0.28%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF | Pennsylvania Housing Finance Agency                                              | CUSIP: 7087963D7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.02%             | 2046-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PINE BLUFF AR                  | City of Pine Bluff AR                                                            | CUSIP: 722409DY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $795922.15    | 0.07%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PLAINS TX INDEP SCH DIST       | Plains Independent School District                                               | CUSIP: 726583FA0<br>LEI: 549300PRE6KJDZGKWK40 | Long             | DBT              | MUN               | US        |    490000 | PA      | $530390.26    | 0.05%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH NC HSG AUTH MF REVENUE | Raleigh Housing Authority                                                        | CUSIP: 751115BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7850000 | PA      | $7873691.30   | 0.74%             | 2026-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RIO HONDO CA CMNTY CLG DIST    | Rio Hondo Community College District/CA                                          | CUSIP: 767121DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7160000 | PA      | $8802866.30   | 0.82%             | 2042-08-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| ROMEOVILLE IL                  | Village of Romeoville IL                                                         | CUSIP: 776154VX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1366625.57   | 0.13%             | 2030-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S E WI PROFESSIONAL BASEBALL P | Southeast Wisconsin Professional Baseball Park District                          | CUSIP: 841531BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1118410.82   | 0.10%             | 2027-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| S E WI PROFESSIONAL BASEBALL P | Southeast Wisconsin Professional Baseball Park District                          | CUSIP: 841531BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919213.80    | 0.09%             | 2028-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| S E WI PROFESSIONAL BASEBALL P | Southeast Wisconsin Professional Baseball Park District                          | CUSIP: 841531BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1020490.87   | 0.10%             | 2029-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT | Utah Charter School Finance Authority                                            | CUSIP: 91754TTT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502583.35    | 0.05%             | 2037-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST HSG FIN AGY         | Vermont Housing Finance Agency                                                   | CUSIP: 924190PA3<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50008.85     | 0.00%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST     | Viridian Municipal Management District                                           | CUSIP: 92823PRW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1097698.67   | 0.10%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST     | Viridian Municipal Management District                                           | CUSIP: 92823PRX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $572301.95    | 0.05%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN MI CONSOL SCH DIST      | Warren Consolidated Schools                                                      | CUSIP: 935341B97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2617679.00   | 0.24%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A | Washington Health Care Facilities Authority                                      | CUSIP: 93978HWY7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    465000 | PA      | $507154.34    | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                   | State of Wisconsin                                                               | CUSIP: 97705MQ24<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $3041281.02   | 0.28%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                   | State of Wisconsin                                                               | CUSIP: 97705MRP2<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039930.90   | 0.10%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DD45<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72921.23     | 0.01%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARCADIA VLY MO REORG SCH DIST# | Arcadia Valley R-II School District                                              | CUSIP: 039220DR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $316450.78    | 0.03%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 0418064P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $552823.10    | 0.05%             | 2038-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $488176.33    | 0.05%             | 2039-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806G95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1041775.65   | 0.10%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ASHEVILLE NC HSG AUTH          | Asheville Housing Authority                                                      | CUSIP: 044034CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $676145.75    | 0.06%             | 2026-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BALMORHEA TX INDEP SCH DIST    | Balmorhea Independent School District                                            | CUSIP: 058759HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $367419.69    | 0.03%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARABOO WI SCH DIST            | Baraboo School District                                                          | CUSIP: 067032HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $640882.91    | 0.06%             | 2033-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CEDAR HILL TX INDEP SCH DIST   | Cedar Hill Independent School District                                           | CUSIP: 1504293W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1589147.45   | 0.15%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CEDAR HILL TX INDEP SCH DIST   | Cedar Hill Independent School District                                           | CUSIP: 1504293X4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2671064.25   | 0.25%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G | Central Plains Energy Project                                                    | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5356964.50   | 0.50%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA REDEV & HSG AUTH | Chesapeake Redevelopment & Housing Authority                                     | CUSIP: 165328BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2443118.81   | 0.23%             | 2043-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                               | CUSIP: 167484SS4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     75000 | PA      | $72249.04     | 0.01%             | 2027-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                               | CUSIP: 167484ST2<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    350000 | PA      | $327755.23    | 0.03%             | 2028-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHILLICOTHE IL PARK DIST       | Chillicothe Park District                                                        | CUSIP: 169093BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164612.07    | 0.02%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145NF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $377441.92    | 0.04%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145PW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $166779.49    | 0.02%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648A5Z4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    210000 | PA      | $212866.71    | 0.02%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FCZ5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103867.23    | 0.01%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BLDG EXCELLENT SCH | State of Colorado                                                                | CUSIP: 19668QHQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011460.50   | 0.09%             | 2042-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA | Commonwealth Financing Authority                                                 | CUSIP: 20282EAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1496594.59   | 0.14%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS | Connecticut Housing Finance Authority                                            | CUSIP: 20775CR63<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2067414.67   | 0.19%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROCKETT CNTY TX CONSOL COMMON | Crockett County Consolidated Common School District No 1                         | CUSIP: 226864CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $235651.55    | 0.02%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DADE CNTY FL PROFESSIONAL SPOR | County of Miami-Dade FL                                                          | CUSIP: 233542CE7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   4830000 | PA      | $5333885.89   | 0.50%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST       | Dallas Independent School District                                               | CUSIP: 235308Q22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4084426.35   | 0.38%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST       | Denton Independent School District                                               | CUSIP: 249002NL6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065953.70   | 0.10%             | 2055-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP SCH DIST #709  | Duluth Independent School District No 709                                        | CUSIP: 264474JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $678890.65    | 0.06%             | 2034-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EHOVE OH JT VOCATIONAL SCH DIS | EHOVE Joint Vocational School District                                           | CUSIP: 282407CD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $291956.50    | 0.03%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU | Florida Housing Finance Corp                                                     | CUSIP: 34074MH46<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    310000 | PA      | $324973.19    | 0.03%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FONTANA CA UNIF SCH DIST       | Fontana Unified School District                                                  | CUSIP: 344640XD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $487803.57    | 0.05%             | 2033-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                  | CUSIP: 345105BC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3094442.20   | 0.29%             | 2028-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                  | CUSIP: 345105BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $113051.46    | 0.01%             | 2030-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH CNTY NC                | County of Forsyth NC                                                             | CUSIP: 346623JZ5<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |    600000 | PA      | $596631.90    | 0.06%             | 2033-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST    | Fort Bend Independent School District                                            | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4605064.65   | 0.43%             | 2054-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT MYERS FL CAPITAL IMPT REV | City of Fort Myers FL                                                            | CUSIP: 348073EK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $480208.51    | 0.04%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY MO REORG SCH DIS | Union R-XI School District                                                       | CUSIP: 353100KE9<br>LEI: 54930016ENWVHONV2E15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058360.50   | 0.10%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GATEWAY CA UNIF SCH DIST COPS  | Gateway Unified School District/CA                                               | CUSIP: 36759TDD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $67126.12     | 0.01%             | 2037-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE | Georgia Housing & Finance Authority                                              | CUSIP: 3735393F0<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34984.09     | 0.00%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T | Grand Parkway Transportation Corp                                                | CUSIP: 38611TBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4596299.10   | 0.43%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENDALE WI SCH DIST          | Greendale School District                                                        | CUSIP: 394262NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $113539.58    | 0.01%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU | Alabama Public School and College Authority                                      | CUSIP: 010609JC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1820554.88   | 0.17%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST HSG FIN CORP MTGE RE | Alaska Housing Finance Corp                                                      | CUSIP: 01170RGV8<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    340000 | PA      | $342466.50    | 0.03%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST HSG FIN CORP MTGE RE | Alaska Housing Finance Corp                                                      | CUSIP: 01170RKQ4<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    110000 | PA      | $109219.39    | 0.01%             | 2044-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARCADIA VLY MO REORG SCH DIST# | Arcadia Valley R-II School District                                              | CUSIP: 039220DY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $433915.24    | 0.04%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806H45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018892.00   | 0.10%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807KD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195938.75    | 0.02%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807KG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114871.43    | 0.01%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807KH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $339867.76    | 0.03%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807PJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548002.20    | 0.05%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION | Metropolitan Water Reclamation District of Greater Chicago                       | CUSIP: 167560UJ8<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    295000 | PA      | $299352.58    | 0.03%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145ES2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170876.81    | 0.02%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS IN MULTI-SCH BLDG COR | Columbus Multi School Building Corp                                              | CUSIP: 199240HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $336953.38    | 0.03%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS | Connecticut Housing Finance Authority                                            | CUSIP: 20775CDB7<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1309231.97   | 0.12%             | 2030-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS | Connecticut Housing Finance Authority                                            | CUSIP: 20775CTX2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    265000 | PA      | $265525.73    | 0.02%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #159 MAT | Cook County School District No 159 Matteson-Richton Park                         | CUSIP: 215260JX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $445162.47    | 0.04%             | 2026-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP SCH DIST #709  | Duluth Independent School District No 709                                        | CUSIP: 264474JV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1412088.50   | 0.13%             | 2028-03-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| EAGLE MOUNTAIN & SAGINAW TX IN | Eagle Mountain & Saginaw Independent School District                             | CUSIP: 269696FY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $622679.67    | 0.06%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY CO SCH DIST #20   | El Paso County School District No 20 Academy                                     | CUSIP: 283461N64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $386325.49    | 0.04%             | 2041-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY CO SCH DIST #20   | El Paso County School District No 20 Academy                                     | CUSIP: 283461N72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $437431.52    | 0.04%             | 2042-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ESCALON CA UNIF SCH DIST       | Escalon Unified School District                                                  | CUSIP: 296065CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $965296.52    | 0.09%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FESTUS MO #R-VI SCH DIST LEASE | Jefferson County School District No R-VI Festus                                  | CUSIP: 31560CDC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $188726.58    | 0.02%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP MF MTG | Florida Housing Finance Corp                                                     | CUSIP: 34074HGY2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2507545.00   | 0.23%             | 2026-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU | Florida Housing Finance Corp                                                     | CUSIP: 34074MSH5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2152383.20   | 0.20%             | 2045-01-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                  | CUSIP: 345105BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4695000 | PA      | $4665298.49   | 0.44%             | 2026-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH CNTY GA HOSP AUTH      | Forsyth County Hospital Authority                                                | CUSIP: 34660EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4365000 | PA      | $4622353.85   | 0.43%             | 2028-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE | Georgia Housing & Finance Authority                                              | CUSIP: 37353PGG8<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1039032.60   | 0.10%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI | Golden State Tobacco Securitization Corp                                         | CUSIP: 38122NGK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $236000.95    | 0.02%             | 2026-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HAMMOND IN MULTI-SCH BLDG CORP | Hammond Multi-School Building Corp                                               | CUSIP: 408395SA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $854911.42    | 0.08%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT | Indiana Housing & Community Development Authority                                | CUSIP: 45505TB83<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    720000 | PA      | $764441.14    | 0.07%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INLIVIAN NC MF REVENUE         | Inlivian                                                                         | CUSIP: 45753CAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006001.60   | 0.19%             | 2043-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN | Iowa Finance Authority                                                           | CUSIP: 4624675S6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2727933.42   | 0.25%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO CONSOL SCH DIS | Jackson County Consolidated School District No 4                                 | CUSIP: 467484SZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $835587.68    | 0.08%             | 2044-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY MO SCH DIST #R-VI | Warrensburg School District No R-VI                                              | CUSIP: 478825HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $595702.49    | 0.06%             | 2041-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH          | King County Housing Authority                                                    | CUSIP: 494759PV9<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1542167.07   | 0.14%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH          | King County Housing Authority                                                    | CUSIP: 494759PW7<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3278734.88   | 0.31%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH          | King County Housing Authority                                                    | CUSIP: 494762LT2<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493988.45   | 0.14%             | 2033-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KINGSBURG CA JT UNION HIGH SCH | Kingsburg Joint Union High School District                                       | CUSIP: 496206GB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153281.85    | 0.01%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST      | Leander Independent School District                                              | CUSIP: 521841B96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14815000 | PA      | $7010456.52   | 0.65%             | 2044-08-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ALAMITOS CA UNIF SCH DIST  | Los Alamitos Unified School District                                             | CUSIP: 544203CH3<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |    380000 | PA      | $398292.40    | 0.04%             | 2043-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH  | Louisiana Public Facilities Authority                                            | CUSIP: 546398DH8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  14065000 | PA      | $14313203.65  | 1.34%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1648956.83   | 0.15%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MANHATTAN IL                   | Village of Manhattan IL                                                          | CUSIP: 562859DZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253130.55    | 0.02%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                 | CUSIP: 60416T6P8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $2000567.78   | 0.19%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF HSG SF MTGE  | Montana Board of Housing                                                         | CUSIP: 61212WKM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $198952.75    | 0.02%             | 2050-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| NEBRASKA EDUCTNL HLTH CULTURAL | Nebraska Educational Health Cultural & Social Services Finance Authority         | CUSIP: 63967UAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $437994.02    | 0.04%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA EDUCTNL HLTH CULTURAL | Nebraska Educational Health Cultural & Social Services Finance Authority         | CUSIP: 63967UAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993870.60    | 0.09%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA | New Hampshire Health and Education Facilities Authority Act                      | CUSIP: 64461XJY2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011666.20   | 0.19%             | 2040-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| NEW HANOVER CNTY NC HOSP REVEN | County of New Hanover NC                                                         | CUSIP: 644804EY8<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210380.02    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A | New Jersey Housing & Mortgage Finance Agency                                     | CUSIP: 64613ACW0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    525000 | PA      | $354818.68    | 0.03%             | 2050-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH    | New Mexico Mortgage Finance Authority                                            | CUSIP: 647201TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3515820.98   | 0.33%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP SAL | Empire State Development Corp                                                    | CUSIP: 64985TAL5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040148.70   | 0.10%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR | New York State Environmental Facilities Corp                                     | CUSIP: 64986AJH5<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    390000 | PA      | $443398.45    | 0.04%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD | New York State Housing Finance Agency                                            | CUSIP: 64987JD99<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2920506.62   | 0.27%             | 2062-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY  | North Carolina Housing Finance Agency                                            | CUSIP: 658207ZW8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    780000 | PA      | $786721.81    | 0.07%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY HOM | North Carolina Housing Finance Agency                                            | CUSIP: 65820BBB1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000059.00   | 0.19%             | 2056-07-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGYM | North Carolina Housing Finance Agency                                            | CUSIP: 65821BAN5<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   6450000 | PA      | $6542569.76   | 0.61%             | 2028-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WCC8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $2995195.70   | 0.28%             | 2037-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N WSTRN IN SCH BLDG CORP       | Northwestern School Building Corp                                                | CUSIP: 668265EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $775442.22    | 0.07%             | 2040-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OCOEE FL CAPITAL IMPT REVENUE  | City of Ocoee FL                                                                 | CUSIP: 675561DC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300889.23    | 0.03%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7K7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    125000 | PA      | $142062.41    | 0.01%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7N1<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114478.23    | 0.01%             | 2033-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7P6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114850.25    | 0.01%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ONALASKA TX INDEP SCH DIST     | Onalaska Independent School District                                             | CUSIP: 682210EN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $340200.97    | 0.03%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORCHARD FARM R-V SCH DIST MO C | Orchard Farm R-V School District/MO                                              | CUSIP: 68562RBV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $430401.58    | 0.04%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CMNTY CLG DIST | Oregon Coast Community College District                                          | CUSIP: 68583NCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $444370.16    | 0.04%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CMNTY CLG DIST | Oregon Coast Community College District                                          | CUSIP: 68583NCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $428071.12    | 0.04%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP | State of Oregon Housing & Community Services Department                          | CUSIP: 686087WK9<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $921973.31    | 0.09%             | 2048-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP | State of Oregon Housing & Community Services Department                          | CUSIP: 686087ZK6<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1007338.84   | 0.09%             | 2033-07-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| OREGON ST                      | State of Oregon                                                                  | CUSIP: 68609BP84<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1818409.14   | 0.17%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL TOURIST DEV TAX REV | City of Orlando FL Tourist Development Tax Revenue                               | CUSIP: 686499BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035312.70   | 0.10%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL EXPRESSWAY SYS | Osceola County Expressway Authority                                              | CUSIP: 688023AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $69966.58     | 0.01%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PACHECO CA UNION SCH DIST COPS | Pacheco Union Elementary School District                                         | CUSIP: 693734BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23504.95     | 0.00%             | 2028-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF | Pennsylvania Housing Finance Agency                                              | CUSIP: 70879QHY2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1248414.75   | 0.12%             | 2051-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF | Pennsylvania Housing Finance Agency                                              | CUSIP: 70879QUA9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1950823.20   | 0.18%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PERRY IN INDEP CNTRL MULTI-SCH | Perry Central Multi-School Building Corp                                         | CUSIP: 714684CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $403619.29    | 0.04%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL  | Philadelphia Authority for Industrial Development                                | CUSIP: 717908AL1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056696.60   | 0.19%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PIKE ROAD AL                   | Town of Pike Road AL                                                             | CUSIP: 72129PHE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $839013.44    | 0.08%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH   | Pittsburgh Water & Sewer Authority                                               | CUSIP: 725304QH5<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1055450.72   | 0.10%             | 2027-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLAINS TX INDEP SCH DIST       | Plains Independent School District                                               | CUSIP: 726583FC6<br>LEI: 549300PRE6KJDZGKWK40 | Long             | DBT              | MUN               | US        |    285000 | PA      | $303860.90    | 0.03%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR CMNTY CLG DIST     | Portland Community College District                                              | CUSIP: 736688NC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101624.00   | 0.10%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO PUBLIC FIN CORP    | Puerto Rico Public Finance Corp                                                  | CUSIP: 745291SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3678686.45   | 0.34%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO PUBLIC FIN CORP    | Puerto Rico Public Finance Corp                                                  | CUSIP: 745291TH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1754687.26   | 0.16%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO PUBLIC FIN CORP    | Puerto Rico Public Finance Corp                                                  | CUSIP: 745291TJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1477631.38   | 0.14%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HLTH & EDUCTNL BL | Rhode Island Health and Educational Building Corp                                | CUSIP: 76219MAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142181.60   | 0.20%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HSG & MTGE FIN | Rhode Island Housing & Mortgage Finance Corp                                     | CUSIP: 76221TML0<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    695000 | PA      | $694420.44    | 0.06%             | 2050-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RICHMOND IN MULTI SCH BLDG COR | Richmond Multi-School Building Corp                                              | CUSIP: 76479PBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $254612.70    | 0.02%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND & MERCER CNTYS ILC | Rock Island & Mercer Counties Community Unit School District No 300              | CUSIP: 772283DV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1002818.12   | 0.09%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA JT UNION HIGH SCH | Roseville Joint Union High School District                                       | CUSIP: 777849QG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $61779.43     | 0.01%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT HELENA CA UNIF SCH DIST  | St Helena Unified School District                                                | CUSIP: 789636HP5<br>LEI: 5493004RDPC2SO1LU844 | Long             | DBT              | MUN               | US        |     25000 | PA      | $14191.83     | 0.00%             | 2037-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO PATTONVILL | Pattonville R-3 School District                                                  | CUSIP: 791400YK4<br>LEI: 54930016JA5VUOTAUJ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072643.50   | 0.10%             | 2041-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CNTY UT MUNI BLDG AU | Salt Lake County Municipal Building Authority                                    | CUSIP: 795681HH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $383715.56    | 0.04%             | 2041-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCORRO TX INDEP SCH DIST      | Socorro Independent School District                                              | CUSIP: 833715ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510963.05   | 0.14%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCM3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1418383.07   | 0.13%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCN1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2134141.43   | 0.20%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S E WI PROFESSIONAL BASEBALL P | Southeast Wisconsin Professional Baseball Park District                          | CUSIP: 841531DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1140277.26   | 0.11%             | 2026-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPEEDWAY IN MULTI-SCH BLDG COR | Speedway Multi-School Building Corp                                              | CUSIP: 847731AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $784812.69    | 0.07%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUGAR LAND TX                  | City of Sugar Land TX                                                            | CUSIP: 864856SK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $523685.73    | 0.05%             | 2039-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUGAR LAND TX                  | City of Sugar Land TX                                                            | CUSIP: 864856SL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $518585.07    | 0.05%             | 2040-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUNMAN DEARBORN IN HIGH SCH BL | Sunman-Dearborn High School Building Corp                                        | CUSIP: 867420DH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $572216.48    | 0.05%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX HOSP DIST      | Tarrant County Hospital District                                                 | CUSIP: 876387EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1443251.17   | 0.13%             | 2038-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ                       | City of Tempe AZ                                                                 | CUSIP: 8797095E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $172293.53    | 0.02%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ                       | City of Tempe AZ                                                                 | CUSIP: 8797095F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $193177.59    | 0.02%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ                       | City of Tempe AZ                                                                 | CUSIP: 8797097K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $229889.29    | 0.02%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST HSG DEV AGY       | Tennessee Housing Development Agency                                             | CUSIP: 88045RB68<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230026.11    | 0.02%             | 2035-01-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP S | Texas State Affordable Housing Corp                                              | CUSIP: 88271HHR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1761921.15   | 0.16%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                       | State of Texas                                                                   | CUSIP: 882723P86<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003753.20   | 0.19%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750PJ5<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2712009.30   | 0.25%             | 2044-07-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A | Texas Department of Housing & Community Affairs                                  | CUSIP: 88275FSC4<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    545000 | PA      | $456067.88    | 0.04%             | 2035-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD           | Texas Water Development Board                                                    | CUSIP: 882854P97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3940000 | PA      | $3982856.17   | 0.37%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15031054.65  | 1.40%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNIV OF AKRON OH               | University of Akron/The                                                          | CUSIP: 914023LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $338174.09    | 0.03%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF COLORADO CO ENTERPRISE | University of Colorado                                                           | CUSIP: 91417NCB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $559089.99    | 0.05%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP SF MTGE REVENUE  | Utah Housing Corp                                                                | CUSIP: 917437GU3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    340000 | PA      | $375711.32    | 0.04%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU | Utility Debt Securitization Authority                                            | CUSIP: 91802REJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549431.45   | 0.14%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALDEZ AK                      | City of Valdez AK                                                                | CUSIP: 919060GQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1247500.68   | 0.12%             | 2029-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENUS TX INDEP SCH DIST        | Venus Independent School District                                                | CUSIP: 923345LS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $418645.42    | 0.04%             | 2038-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERIBEST TX INDEP SCH DIST     | Veribest Independent School District                                             | CUSIP: 92342TCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $695930.23    | 0.07%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST HSG FIN AGY         | Vermont Housing Finance Agency                                                   | CUSIP: 924190KV2<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1246862.08   | 0.12%             | 2036-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VERSAILLES KY                  | City of Versailles KY                                                            | CUSIP: 925173BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997765.60   | 0.19%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST RESOURCES AUTH WTR | Virginia Resources Authority                                                     | CUSIP: 928181HP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $492359.14    | 0.05%             | 2027-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST     | Viridian Municipal Management District                                           | CUSIP: 92823PRU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $982215.50    | 0.09%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST     | Viridian Municipal Management District                                           | CUSIP: 92823PRZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033020.00   | 0.10%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS COPS            | County of Warren MS                                                              | CUSIP: 935019AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $734003.94    | 0.07%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WARREN MI CONSOL SCH DIST      | Warren Consolidated Schools                                                      | CUSIP: 935341F85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4660000 | PA      | $4700726.07   | 0.44%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY MN             | County of Washington MN                                                          | CUSIP: 937785VR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1367685.50   | 0.13%             | 2033-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974ERD0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    940000 | PA      | $944447.89    | 0.09%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAUKEGAN IL PARK DIST          | Waukegan Park District                                                           | CUSIP: 942877EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $388704.46    | 0.04%             | 2028-12-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #RE009 A | Weld County School District No RE-9 Ault-Highland                                | CUSIP: 949325HX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $649410.00    | 0.06%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #RE009 A | Weld County School District No RE-9 Ault-Highland                                | CUSIP: 949325HZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $482845.91    | 0.05%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEST DE PERE WI SCH DIST       | West De Pere School District                                                     | CUSIP: 952433HS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2476518.50   | 0.23%             | 2040-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WEST RANKIN MS UTIL AUTH REVEN | West Rankin Utility Authority                                                    | CUSIP: 955525BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2645435.75   | 0.25%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTFIELD-WASHINGTON IN MULTI- | Westfield-Washington Multi-School Building Corp                                  | CUSIP: 96023PQK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1168187.90   | 0.11%             | 2044-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WHITEHOUSE TX INDEP SCH DIST   | Whitehouse Independent School District                                           | CUSIP: 965288PJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1225041.00   | 0.11%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL SCH DIST #122     | Will County School District No 122                                               | CUSIP: 968852WF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $445994.05    | 0.04%             | 2027-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WINK LOVING TX INDEP SCH DIST  | Wink-Loving Independent School District                                          | CUSIP: 974170FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4077969.20   | 0.38%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINK LOVING TX INDEP SCH DIST  | Wink-Loving Independent School District                                          | CUSIP: 974170FE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4583151.45   | 0.43%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DIST WI TAX R | Wisconsin Center District                                                        | CUSIP: 976595GF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1301821.50   | 0.12%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DIST WI APPRO | Wisconsin Center District                                                        | CUSIP: 976596AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1497197.30   | 0.14%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU | Wisconsin Housing & Economic Development Authority Housing Revenue               | CUSIP: 9769043S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $438214.69    | 0.04%             | 2043-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST GEN FUND ANNUAL A | State of Wisconsin                                                               | CUSIP: 977100EZ5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013976.60   | 0.09%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712D7E0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1481978.15   | 0.14%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DVW3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    900000 | PA      | $925027.20    | 0.09%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY DEV AUTH HSG  | Wyoming Community Development Authority                                          | CUSIP: 98322QSY4<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    835000 | PA      | $839514.76    | 0.08%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX HLTH FACS DEV C | Harris County Health Facilities Development Corp                                 | CUSIP: 41315RAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4540000 | PA      | $4687026.08   | 0.44%             | 2027-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX HLTH FACS DEV C | Harris County Health Facilities Development Corp                                 | CUSIP: 41315RAZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3557008.75   | 0.33%             | 2027-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY-HOUSTON TX SPORTSA | Harris County-Houston Sports Authority                                           | CUSIP: 413890FU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1851941.63   | 0.17%             | 2030-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                                            | CUSIP: 425507FZ8<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1876695.97   | 0.18%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX WTR & SWR SYS REVEN | City of Houston TX Combined Utility System Revenue                               | CUSIP: 4424362G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24965000 | PA      | $29940264.86  | 2.80%             | 2032-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST DEV FIN AUTH REVEN | Illinois Development Finance Authority                                           | CUSIP: 45189FJP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2225502.09   | 0.21%             | 2039-11-15      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN | Illinois Housing Development Authority                                           | CUSIP: 45201YM87<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    320000 | PA      | $319585.18    | 0.03%             | 2046-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN | Illinois Housing Development Authority                                           | CUSIP: 45201YM95<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    875000 | PA      | $828733.76    | 0.08%             | 2035-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE  | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227NL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1844541.39   | 0.17%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN | Iowa Finance Authority                                                           | CUSIP: 462467WR8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    625000 | PA      | $633989.50    | 0.06%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO REORG SCH DIST | Jackson County School District No R-IV Blue Springs                              | CUSIP: 467486WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1114945.73   | 0.10%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY MO SCH DIST #73 | De Soto School District No 73                                                    | CUSIP: 473238FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270084.25    | 0.03%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOX & WARREN CNTYS IL CMNTY U | Knox & Warren Counties Community Unit School District No 205 Galesburg           | CUSIP: 499260GR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $428590.87    | 0.04%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKE RIDGE IN MULTI-SCH BLDG C | Lake Ridge Multi-School Building Corp                                            | CUSIP: 510651BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2153210.20   | 0.20%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA CMNTY CLG DIST   | Long Beach Community College District                                            | CUSIP: 542411HZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1227540.76   | 0.11%             | 2033-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MSD OF WABASH CNTY IN MULTI-SC | MSD of Wabash County Multi-School Building Corp                                  | CUSIP: 55354TDB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1339547.64   | 0.13%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5412050.00   | 0.51%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H | Massachusetts Housing Finance Agency                                             | CUSIP: 57587A8E1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    130000 | PA      | $128721.36    | 0.01%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT | Michigan State Housing Development Authority                                     | CUSIP: 5946537K7<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70025.42     | 0.01%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST HOME CORP SF MT | Mississippi Home Corp                                                            | CUSIP: 60535QS43<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2379880.00   | 0.22%             | 2044-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION | Missouri Housing Development Commission                                          | CUSIP: 60637GEZ8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $2119390.25   | 0.20%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOUNT PLEASANT WI TAX INCR REV | Village of Mount Pleasant WI                                                     | CUSIP: 622823AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520829.45   | 0.14%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO | New York State Dormitory Authority                                               | CUSIP: 64990KDJ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2515708.27   | 0.24%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WHG4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  18060000 | PA      | $21946139.96  | 2.05%             | 2045-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDEP SCH DIST    | Northside Independent School District                                            | CUSIP: 66702RC26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2435980.94   | 0.23%             | 2052-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7H4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    125000 | PA      | $140346.15    | 0.01%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7L5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    125000 | PA      | $142267.31    | 0.01%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7M3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114366.17    | 0.01%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP | State of Oregon Housing & Community Services Department                          | CUSIP: 686087F44<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $762602.20    | 0.07%             | 2043-07-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| OREGON ST                      | State of Oregon                                                                  | CUSIP: 68609BPG6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75027.14     | 0.01%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL EXPRESSWAY SYS | Osceola County Expressway Authority                                              | CUSIP: 688023AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $183993.40    | 0.02%             | 2028-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH   | Pittsburgh Water & Sewer Authority                                               | CUSIP: 725304QL6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    890000 | PA      | $868446.78    | 0.08%             | 2026-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLEMONS-STINNETT-PHILLIPS TX C | Plemons-Stinnett-Phillips Consolidated School District                           | CUSIP: 729085BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $834628.37    | 0.08%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO PUBLIC FIN CORP    | Puerto Rico Public Finance Corp                                                  | CUSIP: 745291SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420289.60    | 0.04%             | 2027-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO PUBLIC FIN CORP    | Puerto Rico Public Finance Corp                                                  | CUSIP: 745291TK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1872692.54   | 0.17%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND IN MULTI SCH BLDG COR | Richmond Multi-School Building Corp                                              | CUSIP: 76479PBC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $207665.68    | 0.02%             | 2040-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA REDEV AGY    | Riverside County Redevelopment Successor Agency                                  | CUSIP: 769123JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $686307.18    | 0.06%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SAN ANGELO TX INDEP SCH DIST   | San Angelo Independent School District                                           | CUSIP: 796116UC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $6250758.08   | 0.58%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX MUNI DRAIN UTIL | City of San Antonio TX                                                           | CUSIP: 796311CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2206946.35   | 0.21%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031XM0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7620789.75   | 0.71%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031XN8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4232078.57   | 0.40%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TANEY CNTY MO REORG SCH DIST # | Taney County Reorganized School District No R-V Hollister                        | CUSIP: 875397HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $427123.04    | 0.04%             | 2040-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ                       | City of Tempe AZ                                                                 | CUSIP: 8797097G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $347507.06    | 0.03%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN MI CONSOL SCH DIST      | Warren Consolidated Schools                                                      | CUSIP: 935341C39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $956712.32    | 0.09%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WATERFORD WI UNIF HIGH SCH DIS | Waterford Union High School District                                             | CUSIP: 941542EE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $676539.68    | 0.06%             | 2039-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WAWASEE IN HIGH SCH BLDG CORP  | Wawasee High School Building Corp                                                | CUSIP: 944052FS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2651592.41   | 0.25%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #RE009 A | Weld County School District No RE-9 Ault-Highland                                | CUSIP: 949325HW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544667.05    | 0.05%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #RE009 A | Weld County School District No RE-9 Ault-Highland                                | CUSIP: 949325HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538261.80    | 0.05%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IN SWR REVENUE  | City of West Lafayette IN Sewer Revenue                                          | CUSIP: 953701EQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $846188.96    | 0.08%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IN SWR REVENUE  | City of West Lafayette IN Sewer Revenue                                          | CUSIP: 953701ES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $459052.97    | 0.04%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WIGGINS CO SCH DIST #RE-50J AD | Wiggins School District No RE-50J Adams Morgan & Weld Counties                   | CUSIP: 967710CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503558.45    | 0.05%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLIS TX INDEP SCH DIST       | Willis Independent School District                                               | CUSIP: 970667L66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1549452.95   | 0.14%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DIST WI TAX R | Wisconsin Center District                                                        | CUSIP: 976595FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $576789.00    | 0.05%             | 2038-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DIST WI TAX R | Wisconsin Center District                                                        | CUSIP: 976595JF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  32275000 | PA      | $8416500.22   | 0.79%             | 2060-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QEJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $134828.46    | 0.01%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DVY9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    180000 | PA      | $184330.58    | 0.02%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DVZ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2418727.25   | 0.23%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JMC4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1718893.02   | 0.16%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODLAKE CA UNION HIGH SCH DIS | Woodlake Union High School District                                              | CUSIP: 979460BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $633495.28    | 0.06%             | 2033-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WYOMING OH                     | City of Wyoming OH                                                               | CUSIP: 983425FF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000632.60   | 0.19%             | 2025-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALDINE TX INDEP SCH DIST       | Aldine Independent School District                                               | CUSIP: 014393C42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $259463.40    | 0.02%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARAPAHOE CNTY CO SCH DIST #6 L | Arapahoe County School District No 6 Littleton                                   | CUSIP: 038699UF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098821.20   | 0.20%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARCADIA VLY MO REORG SCH DIST# | Arcadia Valley R-II School District                                              | CUSIP: 039220DX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $414195.82    | 0.04%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH REVEN | Arizona Industrial Development Authority                                         | CUSIP: 04052AAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1333883 | PA      | $1301521.53   | 0.12%             | 2030-09-01      | Variable      | 1.78%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 0418067L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1743756.22   | 0.16%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806G87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $826524.92    | 0.08%             | 2032-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806JF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196980.87    | 0.02%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806JG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $484875.98    | 0.05%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $477924.58    | 0.04%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806W89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $239789.31    | 0.02%             | 2040-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806X21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $209450.62    | 0.02%             | 2042-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806X47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $185146.06    | 0.02%             | 2044-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807KA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $170586.18    | 0.02%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELGRADE MT                    | City of Belgrade MT                                                              | CUSIP: 077810CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2132009.60   | 0.20%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                  | County of Bexar TX                                                               | CUSIP: 088281A83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2180725.40   | 0.20%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4202260.00   | 0.39%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BOULDER CO STORM WTR & FLOOD M | City of Boulder CO Storm Water & Flood Management Revenue                        | CUSIP: 101458CR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $924956.34    | 0.09%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TX TOLL ROAD AUT | Brazoria County Toll Road Authority                                              | CUSIP: 106134AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $706938.68    | 0.07%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BREA CA REDEV AGY SUCCESSOR AG | Brea Redevelopment Agency                                                        | CUSIP: 106293BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1556929.05   | 0.15%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BREA CA REDEV AGY SUCCESSOR AG | Brea Redevelopment Agency                                                        | CUSIP: 106293BZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1812837.78   | 0.17%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL HSG FIN AUTH M | Broward County Housing Finance Authority                                         | CUSIP: 115027QZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000010.80   | 0.09%             | 2041-04-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BROWNSBURG IN 1999 SCH BLDG CO | Brownsburg 1999 School Building Corp                                             | CUSIP: 116083ZR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1555347.20   | 0.15%             | 2043-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2231261.60   | 0.21%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE     | California State University                                                      | CUSIP: 13077DSZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2252012.40   | 0.21%             | 2051-11-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| CAMERON MO SCH DIST #R-I       | Cameron School District No R-I/MO                                                | CUSIP: 133453EN6<br>LEI: 5493006PGZQZI0D0JY59 | Long             | DBT              | MUN               | US        |    715000 | PA      | $718654.08    | 0.07%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARMAN-AINSWORTH MI CMNTY SCHD | Carman-Ainsworth Community Schools                                               | CUSIP: 143118EU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $373724.49    | 0.03%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CECIL CNTY MD                  | County of Cecil MD                                                               | CUSIP: 14984PDE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $229492.67    | 0.02%             | 2039-08-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CEDAR HILL TX INDEP SCH DIST   | Cedar Hill Independent School District                                           | CUSIP: 1504293Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3711315.65   | 0.35%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY WA SCH DIST #114 EV | Clark County School District No 114 Evergreen                                    | CUSIP: 181234T21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9400000 | PA      | $10215014.78  | 0.95%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLAY CNTY SD                   | County of Clay SD                                                                | CUSIP: 183543AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078923.90   | 0.10%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145EU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1204613.16   | 0.11%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145JA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1296127.10   | 0.12%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3642333.45   | 0.34%             | 2055-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH     | Colorado Housing and Finance Authority                                           | CUSIP: 196480DQ7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195990.76    | 0.02%             | 2050-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774ULB9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110482.68    | 0.01%             | 2032-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DUY6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3162672.14   | 0.30%             | 2057-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST REVOLVING FUNDG | State of Connecticut Clean Water Fund - State Revolving Fund                     | CUSIP: 20775YDS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544170.95   | 0.14%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SALES TAX REVENUE | County of Cook IL Sales Tax Revenue                                              | CUSIP: 213248BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3123242.10   | 0.29%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #130 BLU | Cook County School District No 130 Blue Island                                   | CUSIP: 214777JU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1154128.73   | 0.11%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #159 MAT | Cook County School District No 159 Matteson-Richton Park                         | CUSIP: 215260JW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $472639.49    | 0.04%             | 2025-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CRAWFORD CNTY KS UNIF SCH DIST | Crawford County Unified School District No 250 Pittsburg                         | CUSIP: 224856GF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62999.88     | 0.01%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS CNTY IA LOCAL OPTION SA | County of Dallas IA Local Option Sales & Services Tax Revenue                    | CUSIP: 234611AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1768121.54   | 0.17%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEKALB NEWTON & GWINNETT CNTYS | DeKalb Newton & Gwinnett Counties Joint Development Authority                    | CUSIP: 24487REL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $243018.09    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA VOTECH SCH AU | Delaware County Vocational & Technical School Authority                          | CUSIP: 246053BS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4560796.50   | 0.43%             | 2054-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY & CNTY COPS     | City & County of Denver CO                                                       | CUSIP: 249183YF5<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    310000 | PA      | $312343.54    | 0.03%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA HSG FIN AGY M | District of Columbia Housing Finance Agency                                      | CUSIP: 25477PQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2497373.50   | 0.23%             | 2046-05-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY CO SCH DIST #20   | El Paso County School District No 20 Academy                                     | CUSIP: 283461N80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $488942.37    | 0.05%             | 2043-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY CO SCH DIST #20   | El Paso County School District No 20 Academy                                     | CUSIP: 283461N98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432266.16    | 0.04%             | 2044-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX WTR & SWR SYS REVEN | City of Houston TX Combined Utility System Revenue                               | CUSIP: 442436Y88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16050000 | PA      | $17174007.18  | 1.60%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH MF HS | Illinois Housing Development Authority                                           | CUSIP: 45203LFC2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006601.00   | 0.19%             | 2029-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45204E6G8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    495000 | PA      | $505319.12    | 0.05%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA | Iowa Finance Authority                                                           | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    730000 | PA      | $839994.58    | 0.08%             | 2050-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY TX                | County of Johnson TX                                                             | CUSIP: 478898GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $603015.44    | 0.06%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH HOSP RE | Kansas Development Finance Authority                                             | CUSIP: 48542AFG1<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1721262.48   | 0.16%             | 2054-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BOND DEV CORP HOSP FA | Kentucky Bond Development Corp                                                   | CUSIP: 491210AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $673466.47    | 0.06%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP MF REVENU | Kentucky Housing Corp                                                            | CUSIP: 49131CAD4<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016305.80   | 0.19%             | 2028-07-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                   | County of King WA                                                                | CUSIP: 49474F3Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $415731.97    | 0.04%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H | Massachusetts Housing Finance Agency                                             | CUSIP: 57587AR42<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    280000 | PA      | $281941.41    | 0.03%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government of Nashville & Davidson County TN                        | CUSIP: 592112UZ7<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1592167.04   | 0.15%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447THF3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000297.40   | 0.09%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT | Michigan State Housing Development Authority                                     | CUSIP: 594654EV3<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1400066.17   | 0.13%             | 2049-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT | Michigan State Housing Development Authority                                     | CUSIP: 594654FZ3<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4249526.15   | 0.40%             | 2034-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT | Michigan State Housing Development Authority                                     | CUSIP: 594654RG2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    710000 | PA      | $741613.11    | 0.07%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH RENTA | Michigan State Housing Development Authority                                     | CUSIP: 59465M2A2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    755000 | PA      | $701114.97    | 0.07%             | 2037-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX FRESH WTR SPLY | Midland County Fresh Water Supply District No 1                                  | CUSIP: 597495AX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $877064.65    | 0.08%             | 2034-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX FRESH WTR SPLY | Midland County Fresh Water Supply District No 1                                  | CUSIP: 597495AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $1788548.75   | 0.17%             | 2035-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX FRESH WTR SPLY | Midland County Fresh Water Supply District No 1                                  | CUSIP: 597495AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $959370.47    | 0.09%             | 2036-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX FRESH WTR SPLY | Midland County Fresh Water Supply District No 1                                  | CUSIP: 597495BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $63239.13     | 0.01%             | 2037-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB | Mississippi Development Bank                                                     | CUSIP: 60534WXZ6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    495000 | PA      | $505808.37    | 0.05%             | 2035-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST HOME CORP SF MT | Mississippi Home Corp                                                            | CUSIP: 60535QD72<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252878.88   | 0.12%             | 2043-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federated Institutional Tax-Fr | Federated Institutional Tax-Free Cash Trust                                      | CUSIP: 60934N666<br>LEI: 254900WXT2EYU7K33C03 | Long             | STIV             | RF                | US        |  12975032 | NS      | $12975032.42  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MORONGO CA UNIF SCH DIST       | Morongo Unified School District                                                  | CUSIP: 617736JQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $318570.42    | 0.03%             | 2041-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOUNT PLEASANT WI TAX INCR REV | Village of Mount Pleasant WI                                                     | CUSIP: 622823AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2423313.12   | 0.23%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE TX HGR EDU FIN CORP E | New Hope Higher Education Finance Corp                                           | CUSIP: 645438BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102356.39    | 0.01%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                               | CUSIP: 64983UFU9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1331887.24   | 0.12%             | 2029-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER | State of New York Mortgage Agency Homeowner Mortgage Revenue                     | CUSIP: 64988YAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1653015.92   | 0.15%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N CALLAWAY CNTY MO SCH DIST #R | North Callaway County School District No R-1                                     | CUSIP: 658106EC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $907361.40    | 0.08%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N CALLAWAY CNTY MO SCH DIST #R | North Callaway County School District No R-1                                     | CUSIP: 658106ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1097089.57   | 0.10%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N CALLAWAY CNTY MO SCH DIST #R | North Callaway County School District No R-1                                     | CUSIP: 658106EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1169440.25   | 0.11%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                              | CUSIP: 658909ST4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1143394.46   | 0.11%             | 2033-07-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                              | CUSIP: 658909VB9<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    615000 | PA      | $623092.35    | 0.06%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH RIDGEVILLE OH CITY SCH D | North Ridgeville City School District                                            | CUSIP: 661870LR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1055792.44   | 0.10%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WHD1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  11685000 | PA      | $6258162.33   | 0.58%             | 2037-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WHE9<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  35405000 | PA      | $12085348.05  | 1.13%             | 2043-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WHF6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   8445000 | PA      | $10222758.64  | 0.96%             | 2043-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7G6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111152.87    | 0.01%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q7J0<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112735.18    | 0.01%             | 2031-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756QTT4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    240000 | PA      | $239710.80    | 0.02%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756QXL6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    165000 | PA      | $159018.47    | 0.01%             | 2043-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA WTR DIST COPS   | Orange County Water District                                                     | CUSIP: 684421DK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $318070.43    | 0.03%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORCHARD PRAIRIE SCHOOL DISTRIC | Orchard Prairie School District No 123                                           | CUSIP: 685680AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $348531.53    | 0.03%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CMNTY CLG DIST | Oregon Coast Community College District                                          | CUSIP: 68583NCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195880.98    | 0.02%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CMNTY CLG DIST | Oregon Coast Community College District                                          | CUSIP: 68583NCH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $400856.76    | 0.04%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF | Pennsylvania Housing Finance Agency                                              | CUSIP: 70879QSZ7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1173030.10   | 0.11%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH   | Pittsburgh Water & Sewer Authority                                               | CUSIP: 725304QJ1<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    370000 | PA      | $342719.42    | 0.03%             | 2028-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLEMONS-STINNETT-PHILLIPS TX C | Plemons-Stinnett-Phillips Consolidated School District                           | CUSIP: 729085BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $691013.21    | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT ARANSAS TX INDEP SCH DIST | Port Aransas Independent School District                                         | CUSIP: 733460KG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $583912.16    | 0.05%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT ARANSAS TX INDEP SCH DIST | Port Aransas Independent School District                                         | CUSIP: 733460KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625343.50    | 0.06%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO PUBLIC FIN CORP    | Puerto Rico Public Finance Corp                                                  | CUSIP: 745291SZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7690000 | PA      | $8080067.56   | 0.75%             | 2027-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RICHMOND CA WSTWTR REVENUE     | City of Richmond CA Wastewater Revenue                                           | CUSIP: 764507BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $167469.88    | 0.02%             | 2028-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND IN MULTI SCH BLDG COR | Richmond Multi-School Building Corp                                              | CUSIP: 76479PAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $329593.26    | 0.03%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND IN MULTI SCH BLDG COR | Richmond Multi-School Building Corp                                              | CUSIP: 76479PBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $245588.67    | 0.02%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN HILLS CA TRANSPRTN | San Joaquin Hills Transportation Corridor Agency                                 | CUSIP: 798111CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1055271.01   | 0.10%             | 2028-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SCHAUMBURG IL                  | Village of Schaumburg IL                                                         | CUSIP: 806347PV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $490979.01    | 0.05%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH   | South Dakota Housing Development Authority                                       | CUSIP: 83756LDX0<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3428039.70   | 0.32%             | 2056-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota               | CUSIP: 852297BT6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1336485.39   | 0.12%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNMAN DEARBORN IN HIGH SCH BL | Sunman-Dearborn High School Building Corp                                        | CUSIP: 867420DG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3710978.30   | 0.35%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ                       | City of Tempe AZ                                                                 | CUSIP: 8797097L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $374238.38    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461QX9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    705000 | PA      | $622980.86    | 0.06%             | 2047-07-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461TK4<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    280000 | PA      | $280787.44    | 0.03%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461VX3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1675980.00   | 0.16%             | 2043-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461W38<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    550000 | PA      | $511889.40    | 0.05%             | 2030-07-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP S | Texas State Affordable Housing Corp                                              | CUSIP: 88271HGM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151199.82    | 0.01%             | 2049-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD           | Texas Water Development Board                                                    | CUSIP: 882854B50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034591.40   | 0.19%             | 2042-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE      | Texas Water Development Board                                                    | CUSIP: 88285ADS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2065169.80   | 0.19%             | 2048-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNIV OF ALABAMA AL UNIV GEN RE | University of Alabama/The                                                        | CUSIP: 914026US6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1763676.40   | 0.16%             | 2038-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF ARKANSAS AR UNIV REVEN | University of Arkansas                                                           | CUSIP: 91408CBZ2<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254000.58    | 0.02%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF NEBRASKA NE REVENUES   | University of Nebraska                                                           | CUSIP: 9146417P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15048.61     | 0.00%             | 2039-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF NEBRASKA NE REVENUES   | University of Nebraska                                                           | CUSIP: 9146418F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20049.09     | 0.00%             | 2035-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE      | County of Utah UT                                                                | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2928380.13   | 0.27%             | 2060-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP SF MTGE REVEN | Utah Housing Corp                                                                | CUSIP: 9174366Y8<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2041268.68   | 0.19%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP SF MTGE REVENUE  | Utah Housing Corp                                                                | CUSIP: 917437BL8<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2517570.15   | 0.24%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TELECOMMUNICATION OPEN | Utah Telecommunication Open Infrastructure Agency                                | CUSIP: 91756SAQ6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552221.15    | 0.05%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VAN WERT CNTY OH HOSP FACS REV | County of Van Wert OH                                                            | CUSIP: 921297AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24429000 | PA      | $27251152.90  | 2.55%             | 2049-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VENUS TX INDEP SCH DIST        | Venus Independent School District                                                | CUSIP: 923345LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $371922.49    | 0.03%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENUS TX INDEP SCH DIST        | Venus Independent School District                                                | CUSIP: 923345LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $370701.94    | 0.03%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENUS TX INDEP SCH DIST        | Venus Independent School District                                                | CUSIP: 923345LR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $537175.60    | 0.05%             | 2037-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERMONT ST HSG FIN AGY         | Vermont Housing Finance Agency                                                   | CUSIP: 924190QC8<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125285.43    | 0.01%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST MUNI BOND BANK      | Vermont Municipal Bond Bank                                                      | CUSIP: 924214YD5<br>LEI: 54930081EMY8D1GYM846 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1652002.14   | 0.15%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST RESOURCES AUTH INF | Virginia Resources Authority                                                     | CUSIP: 92818LWW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000070.50   | 0.09%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST RESOURCES AUTH INF | Virginia Resources Authority                                                     | CUSIP: 92818MAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518651.45   | 0.14%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY NC HOSP REVENUE      | County of Wake NC                                                                | CUSIP: 930866CG1<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    550000 | PA      | $555328.02    | 0.05%             | 2026-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A | Washington Health Care Facilities Authority                                      | CUSIP: 93978HWX9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    175000 | PA      | $191923.95    | 0.02%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #RE009 A | Weld County School District No RE-9 Ault-Highland                                | CUSIP: 949325HV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549730.25    | 0.05%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTLAKE TX                    | Town of Westlake TX                                                              | CUSIP: 96048PFC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $335201.07    | 0.03%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QHL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160512.62    | 0.01%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QKU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $649365.25    | 0.06%             | 2049-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ADAMS & WELD CNTYS CO SCH DIST | Adams & Weld Counties School District No 27J Brighton/CO                         | CUSIP: 005518WV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029649.70   | 0.10%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIG FOOT WI UNION HIGH SCH DIS | Big Foot Union High School District                                              | CUSIP: 08916LDA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $432275.82    | 0.04%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $547600.95    | 0.05%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLUFFTON-HARRISON IN MIDDLE SC | Bluffton-Harrison Middle School Building Corp                                    | CUSIP: 096288DK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $515303.98    | 0.05%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARY IL PARK DIST              | Cary Park District                                                               | CUSIP: 147042FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126177.05    | 0.01%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY MO REORG SCH DIST #R | Cass County Reorganized School District No R-1 Midway                            | CUSIP: 147861DF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $728953.40    | 0.07%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145LX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $317939.91    | 0.03%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                            | CUSIP: 187145NG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $775105.84    | 0.07%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS IN MULTI-SCH BLDG COR | Columbus Multi School Building Corp                                              | CUSIP: 199240HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $457488.91    | 0.04%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758YL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3145930.80   | 0.29%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COON RAPIDS MN MF TAX EXEMPT M | City of Coon Rapids MN                                                           | CUSIP: 21659AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480178 | PA      | $2728970.92   | 0.25%             | 2039-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX INDEP SCH DI | Corpus Christi Independent School District                                       | CUSIP: 220148CN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271277.68    | 0.03%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DC EVEREST WI AREA SCH DIST    | D C Everest Area School District/WI                                              | CUSIP: 233087QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3963749.01   | 0.37%             | 2038-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DANVILLE VA INDL DEV AUTH HOSP | Danville Industrial Development Authority                                        | CUSIP: 236886BL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $144872.81    | 0.01%             | 2028-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DE KALB & KANE CNTYS IL CMNTYU | Community Unit School District Number 427 DeKalb and Kane Counties Illinois      | CUSIP: 240361QQ1<br>LEI: 549300R12UM6R707ID46 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2764222.79   | 0.26%             | 2026-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DECATUR GA                     | City of Decatur GA                                                               | CUSIP: 243109HD0<br>LEI: 549300BFXXJXN07GSC72 | Long             | DBT              | MUN               | US        |    500000 | PA      | $450712.10    | 0.04%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EHOVE OH JT VOCATIONAL SCH DIS | EHOVE Joint Vocational School District                                           | CUSIP: 282407CB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $791582.96    | 0.07%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EHOVE OH JT VOCATIONAL SCH DIS | EHOVE Joint Vocational School District                                           | CUSIP: 282407CC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $425524.84    | 0.04%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EULA TX INDEP SCH DIST         | Eula Independent School District/TX                                              | CUSIP: 298250EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1530340.42   | 0.14%             | 2048-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MU | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 3137H9JM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   7072650 | PA      | $6575614.05   | 0.61%             | 2036-07-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MU | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 3137HB2V5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   2432286 | PA      | $2438704.73   | 0.23%             | 2036-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FESTUS MO #R-VI SCH DIST LEASE | Jefferson County School District No R-VI Festus                                  | CUSIP: 31560CDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217160.82    | 0.02%             | 2039-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FESTUS MO #R-VI SCH DIST LEASE | Jefferson County School District No R-VI Festus                                  | CUSIP: 31560CDD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $218704.78    | 0.02%             | 2041-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FITCHBURG WI                   | City of Fitchburg WI                                                             | CUSIP: 338158YG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1321588.36   | 0.12%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU | Florida Housing Finance Corp                                                     | CUSIP: 34074MUL3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    525000 | PA      | $524618.80    | 0.05%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GARLAND TX INDEP SCH DIST      | Garland Independent School District                                              | CUSIP: 366155Z85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $530135.90    | 0.05%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GODDARD KS                     | City of Goddard KS                                                               | CUSIP: 380270TV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1897505.57   | 0.18%             | 2027-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T | Grand Parkway Transportation Corp                                                | CUSIP: 38611TAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $843548.32    | 0.08%             | 2048-10-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY-HOUSTON TX SPORTSA | Harris County-Houston Sports Authority                                           | CUSIP: 413890JG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $203531.28    | 0.02%             | 2041-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI        | City & County of Honolulu HI                                                     | CUSIP: 438687AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1282474.59   | 0.12%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX WTR & SWR SYS REVEN | City of Houston TX Combined Utility System Revenue                               | CUSIP: 4424365R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1016131.73   | 0.09%             | 2026-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX WTR & SWR SYS REVEN | City of Houston TX Combined Utility System Revenue                               | CUSIP: 4424365T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4620000 | PA      | $4231234.39   | 0.40%             | 2028-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8607359.20   | 0.80%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH | Maricopa County Industrial Development Authority                                 | CUSIP: 56682HCY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1831279.20   | 0.17%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RUM6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064966.80   | 0.19%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLG BLDG AUTH | Massachusetts State College Building Authority                                   | CUSIP: 575832GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $664762.15    | 0.06%             | 2027-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H | Massachusetts Housing Finance Agency                                             | CUSIP: 57587AMG0<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85013.14     | 0.01%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MCKEESPORT PA AREA SCH DIST    | Mckeesport Area School District                                                  | CUSIP: 581408VU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.00    | 0.01%             | 2025-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MELBOURNE FL WTR & SWR REVENUE | City of Melbourne FL Water & Sewer Revenue                                       | CUSIP: 585395B21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38942.81     | 0.00%             | 2026-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MELISSA TX INDEP SCH DIST      | Melissa Independent School District                                              | CUSIP: 585488RA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1031756.32   | 0.10%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MENLO PARK CA CITY SCH DIST    | Menlo Park City School District                                                  | CUSIP: 586840JJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $540869.33    | 0.05%             | 2044-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1231685.34   | 0.12%             | 2028-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592113CF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003068.80   | 0.09%             | 2026-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX FRESH WTR SPLY | Midland County Fresh Water Supply District No 1                                  | CUSIP: 597495AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $2483073.76   | 0.23%             | 2033-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MOREHEAD CITY NC MFH REVENUE   | Town of Morehead City NC                                                         | CUSIP: 616587AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3544928.45   | 0.33%             | 2028-01-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| MORENO VLY CA UNIF SCH DIST    | Moreno Valley Unified School District/CA                                         | CUSIP: 616871GX1<br>LEI: 549300G4WBO7HSZKUD51 | Long             | DBT              | MUN               | US        |     75000 | PA      | $68327.39     | 0.01%             | 2029-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN & WASHINGTON CNTYS CO S | Brush School District No RE-2J                                                   | CUSIP: 616882FW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $410650.73    | 0.04%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOULTON TX INDEP SCH DIST      | Moulton Independent School District                                              | CUSIP: 620229CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $286527.49    | 0.03%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOUNT PLEASANT WI TAX INCR REV | Village of Mount Pleasant WI                                                     | CUSIP: 622823AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $287798.03    | 0.03%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA EDUCTNL HLTH CULTURAL | Nebraska Educational Health Cultural & Social Services Finance Authority         | CUSIP: 63967UAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001235.00   | 0.19%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                               | CUSIP: 64983UFS4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     65000 | PA      | $60325.43     | 0.01%             | 2028-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO | New York State Dormitory Authority                                               | CUSIP: 64990FJH8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3099174.90   | 0.29%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH COLONIE NY CENTRL SCH DI | North Colonie Central School District                                            | CUSIP: 658731LG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1002773.91   | 0.09%             | 2032-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY HO | North Dakota Housing Finance Agency                                              | CUSIP: 658877FQ3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    335000 | PA      | $334565.94    | 0.03%             | 2046-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE   | Ohio Water Development Authority                                                 | CUSIP: 67765QHL3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2218819.89   | 0.21%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CMNTY CLG DIST | Oregon Coast Community College District                                          | CUSIP: 68583NCJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $380640.54    | 0.04%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST                      | State of Oregon                                                                  | CUSIP: 68609TDM7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    440000 | PA      | $440841.19    | 0.04%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PSC SER 2023-1 MUNI TRUST      | PSC/TX                                                                           | CUSIP: 69380EAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4605000 | PA      | $4601730.45   | 0.43%             | 2040-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| PAJARO VLY CA UNIF SCH DIST    | Pajaro Valley Unified School District                                            | CUSIP: 695802JW9<br>LEI: 549300WHZ2OWRXQ3OY05 | Long             | DBT              | MUN               | US        |     25000 | PA      | $23876.13     | 0.00%             | 2027-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH NC HSG AUTH MF REVENUE | Raleigh Housing Authority                                                        | CUSIP: 751115BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5500000.00   | 0.51%             | 2026-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HLTH & EDUCTNL BL | Rhode Island Health and Educational Building Corp                                | CUSIP: 76219MAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090278.30   | 0.10%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROCKWALL TX INDEP SCH DIST     | Rockwall Independent School District                                             | CUSIP: 7742857E4<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |    745000 | PA      | $746517.71    | 0.07%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CROIX FALLS WI SCH DIST  | St Croix Falls School District                                                   | CUSIP: 789256GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $646543.92    | 0.06%             | 2040-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                             | CUSIP: 797356AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88165.83     | 0.01%             | 2030-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota               | CUSIP: 852297BS8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    265000 | PA      | $268354.13    | 0.03%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ                       | City of Tempe AZ                                                                 | CUSIP: 8797097F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42770.10     | 0.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 8804613K2<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    755000 | PA      | $747567.86    | 0.07%             | 2051-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461XE3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1479822.26   | 0.14%             | 2049-01-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 88046KGT7<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7255130.40   | 0.68%             | 2043-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A | Texas Department of Housing & Community Affairs                                  | CUSIP: 88275FRB7<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1394822.70   | 0.13%             | 2044-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT REVENUE MGM | Tobacco Settlement Revenue Management Authority                                  | CUSIP: 888806AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10970000 | PA      | $12569357.99  | 1.17%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TROY MO REORG SCH DIST #3 LINC | Troy Reorganized School District No 3 Lincoln County                             | CUSIP: 897506NH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054879.40   | 0.10%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                      | CUSIP: 93978TF46<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226413.90    | 0.02%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                      | CUSIP: 93978TN62<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1412263.98   | 0.13%             | 2040-12-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QFK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $371037.67    | 0.03%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QSQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1605793.41   | 0.15%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DXS0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010119.80   | 0.19%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-23

**Name of Applicant:** Baird Funds Inc

**Signature:** Baird Funds Inc

**Name of Signer:** Peter Hammond

**Title:** Vice President