# EDGAR Filing Document

**Accession Number:** 0001659326
**File Stem:** 0002071691-25-004161
**Filing Date:** 2025-10
**Character Count:** 600279
**Document Hash:** d873e927ed328404d764bd531279d12d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-004161.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0002071691-25-004161

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMORGAN TRUST IV
- **CENTRAL INDEX KEY:** 0001659326

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23117
- **FILM NUMBER:** 251429173

**BUSINESS ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JPMorgan Trust IV
- **DATE OF NAME CHANGE:** 20151124

## Series and Classes Contracts Data

### JPMorgan Ultra-Short Municipal Fund (Series ID: S000052823)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000166084 | Class A      | USMSX           |
| C000166085 | Class I      | USMTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JPMorgan Trust IV

- **b. Investment Company Act file number:** 811-23117

- **c. CIK number of Registrant:** 0001659326

- **d. LEI of Registrant:** 549300OTMPZX852VDL37

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

  - **Street Address 1:** 277 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

  - **Telephone number:** 800-480-4111

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

- **a. Name of Series:** JPMorgan Ultra-Short Municipal Fund

- **b. EDGAR series identifier (if any):** S000052823

- **c. LEI of Series:** 5493003CSG7YGNPXR746

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2438971825.28

**Total Liabilities:** $8442483.50

**Net Assets:** $2430529341.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6967.33412000 | **1-Year:** 83505.95862000 | **5-Year:** 64937.69488000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 4610.77674000 | **1-Year:** 21313.36885000 | **5-Year:** 986.50699000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166085 | 0.34%                | 0.42%                | 0.34%                |
| Class ID C000166084 | 0.32%                | 0.40%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-74893.78               | $3225102.78                                |
| Month 2  | $45864.77                | $3568761.70                                |
| Month 3  | $-53000.71               | $1905981.60                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Brocton Central School District                                                  | Brocton Central School District                                                                                                                    | CUSIP: 112012FB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6066343.80   | 0.25%             | 2026-06-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | City of Kansas City, Series 2017C                                                                                                                  | CUSIP: 485106RX8<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |    175000 | PA      | $182817.13    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine School Administrative District No. 51                                      | Maine School Administrative District No. 51, Series 2025A                                                                                          | CUSIP: 807688KV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6436866.56   | 0.26%             | 2025-12-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Gouverneur Central School District                                               | Gouverneur Central School District                                                                                                                 | CUSIP: 383622DS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $10904132.52  | 0.45%             | 2026-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | School District of Broward County, Florida Certificates of Participation, Series A                                                                 | CUSIP: 115065YY4<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76407.83     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                              | Allegheny County Sanitary Authority, Sewer, Series 2020A                                                                                           | CUSIP: 017357F74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $662508.21    | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | City of St. Cloud, Centracare Health System, Series 2016A                                                                                          | CUSIP: 78916VDK3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    140000 | PA      | $142110.96    | 0.01%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southwest Higher Education Authority, Inc.                                       | Southwest Higher Education Authority, Inc., Southern Methodist University Project, Series 2016A                                                    | CUSIP: 845040KK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $333760.73    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                          | Massachusetts School Building Authority, Dedicated Sales Tax, Series 2016B                                                                         | CUSIP: 576000UH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $139376.51    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa Bay Water                                                                  | Tampa Bay Water, Regional Water Supply Authority, Utility System, Series 2016C                                                                     | CUSIP: 875124HB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $237151.58    | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa Sports Authority                                                           | Tampa Sports Authority, Series 2015                                                                                                                | CUSIP: 875263PU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80144.48     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                                       | Passaic County Improvement Authority (The), City of Paterson Project                                                                               | CUSIP: 702755DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358624.81    | 0.01%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022A                                                                                                                    | CUSIP: 452153CN7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20689.09     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                   | American Municipal Power, Inc., Combined Hydroelectric Projects, Series 2020A                                                                      | CUSIP: 02765UQC1<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    330000 | PA      | $341977.22    | 0.01%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Woodbridge NJ                                                        | Township of Woodbridge                                                                                                                             | CUSIP: 9788622V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7210368.00   | 0.30%             | 2025-10-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Borough of Flemington NJ                                                         | Borough of Flemington, Series 2025A                                                                                                                | CUSIP: 339261GC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4026947.20   | 0.17%             | 2026-01-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Nassau County Sewer & Storm Water Finance Authority                              | Nassau County Sewer and Storm Water Finance Authority, Series A                                                                                    | CUSIP: 63166QBZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500192.00    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Second Tier, Series 2019B                                                                                           | CUSIP: 66285WZJ8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77643.46     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | City of Kansas City, Series 2018A                                                                                                                  | CUSIP: 484873MZ4<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20677.72     | 0.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | Geisinger Authority, Health System, Series 2017A-2                                                                                                 | CUSIP: 368497HZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $617322.00    | 0.03%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                           | West Virginia Commissioner of Highways, Series 2017A                                                                                               | CUSIP: 95649ACP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31332.55     | 0.00%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2018A                                                                                                | CUSIP: 452252NC9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     45000 | PA      | $46609.65     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                   | Nebraska Public Power District, Series A-1                                                                                                         | CUSIP: 63968AZQ1<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50089.79     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission                                                                                                                   | CUSIP: 7092248P7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | STIV             | MUN               | US        |  35000000 | PA      | $35000000.00  | 1.44%             | 2039-12-01      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Wyalusing Area School District                                                   | Wyalusing Area School District                                                                                                                     | CUSIP: 982613KB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300488.10    | 0.01%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                     | State of Kansas Department of Transportation, Series 2025A                                                                                         | CUSIP: 485424TN5<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3236325.30   | 0.13%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Newburgh NY                                                              | Town of Newburgh                                                                                                                                   | CUSIP: 65087RBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517529.25   | 0.10%             | 2026-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 115                                                                                   | CUSIP: 49151FTC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521270.35    | 0.02%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | Clark County School District, Limited Tax, Series 2015D                                                                                            | CUSIP: 181059UA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140949.98    | 0.01%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Rush University Medical Center Obligated Group, Series 2015A                                                           | CUSIP: 45203HN57<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    765000 | PA      | $765746.18    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                        | Florida Department of Management Services, Series 2018A                                                                                            | CUSIP: 34160PEB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1907416.60   | 0.08%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2017A                                                                | CUSIP: 342816N84<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1077168.81   | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                   | Nebraska Public Power District, Series A-1                                                                                                         | CUSIP: 63968AZR9<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35062.94     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Adventist Health System, Series 2016C                                                                        | CUSIP: 1964745K2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3348847.06   | 0.14%             | 2036-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, State Clean Water Initiative, Series 2017                                                                              | CUSIP: 45204EXQ6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95788.86     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | Washington Metropolitan Area Transit Authority, Series 2017B                                                                                       | CUSIP: 938782FG9<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    170000 | PA      | $177803.46    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series C                                                                                                       | CUSIP: 735389WF1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1401274.98   | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Children's Health System of Texas Project, Series 2017A                                      | CUSIP: 645424AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1825968.38   | 0.08%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, National Public Radio, Inc., Issue                                                                                           | CUSIP: 25483VRL0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25211.78     | 0.00%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                              | Lancaster County Hospital Authority, University of Pennsylvania Health System, Series 2016A                                                        | CUSIP: 514045K77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20480.32     | 0.00%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | New Jersey Turnpike Authority, Series 2014A                                                                                                        | CUSIP: 6461394W2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220415.84    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                        | Florida Department of Management Services, Series 2018A                                                                                            | CUSIP: 34160PEA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $612551.49    | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, General Airport, Senior Lien, Series A                                                                       | CUSIP: 167593YX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20659.56     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | City and County of Denver, Airport System, Series 2022C                                                                                            | CUSIP: 249182RW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40197.38     | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2017D                                                                                                                    | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1217062.60   | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cedartown Polk County Hospital Authority                                         | Cedartown Polk County Hospital Authority, Polk Medical Center Project                                                                              | CUSIP: 150759AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $112301.24    | 0.00%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                             | San Diego Community College District                                                                                                               | CUSIP: 797272PV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25653.16     | 0.00%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Children's Hospital Obligated Group, Series 2015                                                                             | CUSIP: 254764JQ7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100826.58    | 0.00%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | Virginia Commonwealth Transportation Board, Capital Projects, Series 2017A                                                                         | CUSIP: 927793D48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76357.06     | 0.00%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chandler AZ                                                              | City of Chandler, Series 2016                                                                                                                      | CUSIP: 158843XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048673.20   | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The)                                   | Charlotte-Mecklenburg Hospital Authority (The), Atrium Health Care System, Series 2021C                                                            | CUSIP: 160853VE4<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069430.50   | 0.04%             | 2050-01-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri (The)                                     | Curators of the University of Missouri (The), Series 2024                                                                                          | CUSIP: 231266MT1<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082726.60   | 0.04%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL Department of Electric Utilities                             | City of Lakeland, Department of Electric Utilities, Series 2010A                                                                                   | CUSIP: 51166FCH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540229.35    | 0.02%             | 2028-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | County of Miami-Dade, Aviation System, Series A                                                                                                    | CUSIP: 59333PT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1373647.67   | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health and Educational Facilities Authority of the State of Missouri, SSM Health Care Obligated Group, Series 2018F                                | CUSIP: 60637AMU3<br>LEI: 549300IWTBCMX5JB3277 | Long             | STIV             | MUN               | US        |  14700000 | PA      | $14700000.00  | 0.60%             | 2036-06-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                           | Lewisville Independent School District, Unlimited Tax                                                                                              | CUSIP: 52882PHE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1919379.70   | 0.08%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series 2020A                                                                                              | CUSIP: 2350365C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68622.01     | 0.00%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                                            | Keller Independent School District, Unlimited Tax, Series 2015                                                                                     | CUSIP: 487694NJ6<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001821.50   | 0.04%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp.                                                | Hudson Yards Infrastructure Corp., Second Indenture, Series 2022A                                                                                  | CUSIP: 44420RBK5<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45535.05     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2019C                                                                                                | CUSIP: 452252PC7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95817.37     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | State of Minnesota, Series 2019B                                                                                                                   | CUSIP: 60412ARP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36829.25     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | Dallas Independent School District, Unlimited Tax, Series 2020                                                                                     | CUSIP: 235308YS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30349.12     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Henry Ford Health System                                                                                               | CUSIP: 59447TMC4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    760000 | PA      | $781666.99    | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | County of Harris Toll Road, First Lien, Series 2022A                                                                                               | CUSIP: 41423PCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $276716.33    | 0.01%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                           | Wisconsin Department of Transportation, Series 2025 1                                                                                              | CUSIP: 9771235B0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115582.40   | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Series 2024A                                                                                                                  | CUSIP: 93974EF92<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099165.50   | 0.05%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority, Rental Housing, Series 2024A                                                                         | CUSIP: 59465PEU8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   7750000 | PA      | $7751749.95   | 0.32%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                           | Wisconsin Department of Transportation, Series 2025-1                                                                                              | CUSIP: 9771235A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2194410.00   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence Independent School District                                             | Florence Independent School District, Unlimited Tax                                                                                                | CUSIP: 340369FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230034.68    | 0.01%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2021                                                             | CUSIP: 54811BWF4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     75000 | PA      | $78136.19     | 0.00%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Mountain Lakes NJ                                                     | Borough of Mountain Lakes                                                                                                                          | CUSIP: 624199KK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2203299.78   | 0.09%             | 2025-10-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Canadian County Independent School District No. 69 Mustang                       | Canadian County Independent School District No. 69 Mustang, Series 2024A                                                                           | CUSIP: 135591HZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1590907.44   | 0.07%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Parkview Health System, Inc., Series 2017A                                                                              | CUSIP: 45471APW6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250930.58    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series R-2017A                                                                                               | CUSIP: 93974DWY0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112690.42    | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2017D                                                                                                                    | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $3118674.76   | 0.13%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                        | Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series 2019A                                            | CUSIP: 414009MJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21123.40     | 0.00%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio Electric and Gas Systems, Series 2016                                                                                          | CUSIP: 7962535L2<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1965732.42   | 0.08%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series 2023B                                                                                              | CUSIP: 23503CCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055723.30   | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series 2016                                                                                                    | CUSIP: 735389YH5<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    155000 | PA      | $156548.88    | 0.01%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Advocate Aurora Health Credit Group, Series 2018C-4                                         | CUSIP: 97712JHE6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2151681.40   | 0.09%             | 2054-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Madrid-Waddington Central School District                                        | Madrid-Waddington Central School District                                                                                                          | CUSIP: 558855HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016521.00   | 0.08%             | 2026-07-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., 1998 General Ordinance, Series 14TH                                                                                    | CUSIP: 7178238D3<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30778.07     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health and Educational Facilities Authority of the State of Missouri, Series 2021C                                                                 | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061356.60   | 0.04%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 112, Series B                                                                         | CUSIP: 49151FNK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108207.63    | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | Long Island Power Authority, Electric System, Series 2019A                                                                                         | CUSIP: 542691CC2<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30000.00     | 0.00%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | City of Philadelphia Water and Wastewater, Series 1997A                                                                                            | CUSIP: 717893NS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41931.22     | 0.00%             | 2027-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Clark County Public Utility District No. 1 Electric Revenue                      | Clark County Public Utility District No. 1 Electric, Series 2024                                                                                   | CUSIP: 181108E72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $963046.61    | 0.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                      | City of Shreveport, Water and Sewer, Junior Lien, Series 2018C                                                                                     | CUSIP: 825485WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76939.05     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | Virginia Public Building Authority, Series 2020B                                                                                                   | CUSIP: 9281726C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26272.91     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2016                                                                                                      | CUSIP: 709224LK3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75419.64     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2020D                                                                                                                    | CUSIP: 4521527N5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20037.10     | 0.00%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Consolidated Loan of 2023, Series 2023B                                                                             | CUSIP: 57582R3N4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41181.94     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | State of Florida Board of Education, Public Education Capital Outlay, Series 2023A                                                                 | CUSIP: 34153QWX0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204004.10    | 0.01%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Liverpool Central School District                                                | Liverpool Central School District, Series 2024B                                                                                                    | CUSIP: 538361SY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6411944 | PA      | $6416143.82   | 0.26%             | 2025-09-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Series 2016A                                                                                                                        | CUSIP: 677522KE3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35366.52     | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | State of North Carolina, Series 2014C                                                                                                              | CUSIP: 65829QCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $440897.82    | 0.02%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series A                                                                                                       | CUSIP: 735389YL6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     45000 | PA      | $46935.80     | 0.00%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                                | Hampton Roads Sanitation District, Series 2016A                                                                                                    | CUSIP: 409327HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51219.07     | 0.00%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Sales Tax, Senior Lien, Series 2019                                                                                     | CUSIP: 235241SZ0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77391.55     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | City of Atlanta Water and Wastewater, Series 2004                                                                                                  | CUSIP: 047870EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074159.70   | 0.04%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Huber Heights OH                                                         | City of Huber Heights, Various Purpose                                                                                                             | CUSIP: 443524XD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6103931.40   | 0.25%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | Michigan State Building Authority, Facilities Program, Series 2023-I                                                                               | CUSIP: 594615KQ8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.41%             | 2058-04-15      | Variable      | 2.83%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois                                                                                                                                  | CUSIP: 4521526J5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5093439.50   | 0.21%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series 2018F                                                                                                                 | CUSIP: 20772KEP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $814408.31    | 0.03%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Transportation State Highway Fund                            | Texas Department of Transportation State Highway Fund, First Tier                                                                                  | CUSIP: 88283LGY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25422.45     | 0.00%             | 2026-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | Alaska Municipal Bond Bank Authority, Series 3                                                                                                     | CUSIP: 01179RSX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25762.57     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                      | Rhode Island Commerce Corp., Department of Transportation, Series 2020A                                                                            | CUSIP: 762232BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $298601.58    | 0.01%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2025, Series 2025C, Subseries C-1                                    | CUSIP: 64972JLS5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3487949.55   | 0.14%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | Fairfax County Industrial Development Authority, Virginia Health Care, Inova Health System Project, Series 2018C                                   | CUSIP: 30382VAA4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  22000000 | PA      | $22000000.00  | 0.91%             | 2033-05-15      | Variable      | 2.76%                 | No            |                  2 | On Loan: No      |
| County of Jackson MO                                                             | County of Jackson, Harry S. Truman Sports Complex Project, Series 2014                                                                             | CUSIP: 467578HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20061.92     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Common School, Series 2025A                                                                                                         | CUSIP: 677523LE0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   8130000 | PA      | $8925753.83   | 0.37%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of South Kingstown RI                                                       | Town of South Kingstown                                                                                                                            | CUSIP: 838566S40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15166605.00  | 0.62%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Common School, Series 2017B                                                                                                         | CUSIP: 677522VL5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51411.54     | 0.00%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Iowa (The)                                                         | University of Iowa (The), Parking System, Series 2023                                                                                              | CUSIP: 8575364D5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21595000 | PA      | $21613550.11  | 0.89%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Pawtucket RI                                                             | City of Pawtucket, Series 2024-2                                                                                                                   | CUSIP: 7041654L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2102757.30   | 0.09%             | 2025-10-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                       | Tarrant County Cultural Education Facilities Finance Corp., Health Resources System                                                                | CUSIP: 87638TJT1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7582537.90   | 0.31%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                      | Rhode Island Commerce Corp., Department of Transportation, Series 2016B                                                                            | CUSIP: 762232AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $447888.63    | 0.02%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority (The)                                      | Monmouth County Improvement Authority (The)                                                                                                        | CUSIP: 60956PS78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15525000 | PA      | $15633903.22  | 0.64%             | 2026-03-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2019B                                                                                                | CUSIP: 452252NT2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    555000 | PA      | $574852.41    | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Falls Central School District                                             | Hudson Falls Central School District                                                                                                               | CUSIP: 443780NT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4043101.60   | 0.17%             | 2026-06-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                          | Permanent University Fund - Texas A&M University System, Series 2017A                                                                              | CUSIP: 8821173W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83967.51     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | Central Texas Regional Mobility Authority, Senior Lien                                                                                             | CUSIP: 155498EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1067926.57   | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority, Enloe Medical Center                                                                       | CUSIP: 13080SKQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25306.16     | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                                   | Empire State Development Corp., State Personal Income Tax, Series 2022A                                                                            | CUSIP: 650036GQ3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21145.82     | 0.00%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Bloomingdale NJ                                                       | Borough of Bloomingdale                                                                                                                            | CUSIP: 094401JW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510581.30   | 0.06%             | 2026-02-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pittsburg County Educational Facilities Authority                                | Pittsburg County Educational Facilities Authority, McAlester Public Schools Project                                                                | CUSIP: 72460MAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253731.90    | 0.01%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                                                                                      | CUSIP: 709235XT7<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40933.62     | 0.00%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2021C                                                                                                     | CUSIP: 709225ED4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103337.96    | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series 2016A                                                 | CUSIP: 97712D7E0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010657.70   | 0.04%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carol Stream Park District                                                       | Carol Stream Park District, Series 2020C                                                                                                           | CUSIP: 143735VP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1037235.96   | 0.04%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Guttenberg NJ                                                            | Town of Guttenberg                                                                                                                                 | CUSIP: 403478FD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5920000 | PA      | $5930136.82   | 0.24%             | 2025-10-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | Commonwealth Financing Authority, Tobacco Master Settlement Payment                                                                                | CUSIP: 20282EAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3775033.44   | 0.16%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 10 Tacoma                                      | Pierce County School District No. 10 Tacoma, Unlimited Tax, Series 2015                                                                            | CUSIP: 720424ZA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2203726.92   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Public Facilities Co.                                              | Orange County Public Facilities Co.                                                                                                                | CUSIP: 684618CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180069.19    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series 2016A                                                                                        | CUSIP: 010268BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $691732.44    | 0.03%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2016                                                                                                                     | CUSIP: 452152H20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36137.65     | 0.00%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | Orange County School Board, Series 2016C                                                                                                           | CUSIP: 684517RX5<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4297013.70   | 0.18%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Independent School District No. 709                                       | Duluth Independent School District No. 709, Series 2019B                                                                                           | CUSIP: 264474HM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316519.35    | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | State of Colorado, Series 2018L                                                                                                                    | CUSIP: 19668QJP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50750.91     | 0.00%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Junior Lien, Airport System, Series 2017D                                                                 | CUSIP: 71883MMN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57440.13     | 0.00%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tippecanoe School Corp.                                                          | Tippecanoe School Corp., Series 2024A                                                                                                              | CUSIP: 887870FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2854529.03   | 0.12%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                               | State of Louisiana, Series 2024E                                                                                                                   | CUSIP: 546417KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1721332.00   | 0.07%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | Commonwealth of Pennsylvania, Series 2025B                                                                                                         | CUSIP: 70914P4Z2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4034252.25   | 0.17%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                                                | City of Boston, Series 2015B                                                                                                                       | CUSIP: 100853VK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50094.91     | 0.00%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                     | State of Oregon Department of Transportation, Series A                                                                                             | CUSIP: 68607DSW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232240.93    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | Allegheny County Hospital Development Authority, UPMC Health Center, Series 1997B                                                                  | CUSIP: 01728AQM1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79778.39     | 0.00%             | 2027-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Dane WI                                                                | County of Dane, Series 2023A                                                                                                                       | CUSIP: 236092MA7<br>LEI: 5493000I57K3U1SCHU17 | Long             | DBT              | MUN               | US        |    405000 | PA      | $423913.14    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2002G-1F                                                                                             | CUSIP: 59261AL96<br>LEI: 5493000TKYODLXADQD60 | Long             | STIV             | MUN               | US        |    590000 | PA      | $589985.43    | 0.02%             | 2026-11-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Lytle Independent School District/TX                                             | Lytle Independent School District, Unlimited Tax                                                                                                   | CUSIP: 552410GD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $264150.98    | 0.01%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                           | University of Illinois, Series 2023A                                                                                                               | CUSIP: 9143536R3<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |     80000 | PA      | $83040.10     | 0.00%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., 1998 General Ordinance, Series 14TH                                                                                    | CUSIP: 7178238G6<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    325000 | PA      | $332644.52    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | Great Lakes Water Authority, Water Supply System, Second Lien, Series 2018A                                                                        | CUSIP: 39081JBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26123.01     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                     | New Mexico Finance Authority, State Transportation, Subordinate Lien, Series 2018A                                                                 | CUSIP: 64711RMB9<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     70000 | PA      | $73385.14     | 0.00%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                           | University of Colorado, Enterprise System, Series 2017A-2                                                                                          | CUSIP: 91417NJL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52294.92     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bastrop TX                                                             | County of Bastrop, Combination Tax                                                                                                                 | CUSIP: 070307SE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1075256.44   | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | State of North Carolina, Series 2018A                                                                                                              | CUSIP: 6582563L4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51012.29     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                                    | University System of Maryland, Series 2019C                                                                                                        | CUSIP: 9144027V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104275.45    | 0.00%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund               | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2020B                                                                   | CUSIP: 67766WZP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125808.05    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Gallaudet University Project, Series 2021A                                                                                   | CUSIP: 25483VYE8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101413.18    | 0.00%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | University of Houston, Series 2020A                                                                                                                | CUSIP: 914302FW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101218.28    | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Banner Health, Series 2016A                                                                      | CUSIP: 56682HBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151146.00    | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                             | County of Trimble, Series 2023A                                                                                                                    | CUSIP: 896221AF5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1012669.30   | 0.04%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | Lamar Consolidated Independent School District, Unlimited Tax, Series 2018                                                                         | CUSIP: 513174WZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85993.05     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                              | Atlanta Development Authority, Georgia State University Research Foundation Science Park LLC Project, Series 2016                                  | CUSIP: 04780NKQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1572906.29   | 0.06%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | State of Maryland, Series 2021A                                                                                                                    | CUSIP: 574193UJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $138314.28    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                           | West Virginia Commissioner of Highways, Series 2017A                                                                                               | CUSIP: 95649ACK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20000.00     | 0.00%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2016B                                                                                                     | CUSIP: 709224PC7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76225.76     | 0.00%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will Grundy Etc Counties Community College District No. 525                      | Will Grundy Etc Counties Community College District No. 525, Joliet Junior College                                                                 | CUSIP: 969080HT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30234.76     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No. 210-Phoenix                       | Maricopa County Union High School District No 210-Phoenix, Project 2023, Series 2024A                                                              | CUSIP: 567505RU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1258187.04   | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Transportation Commission Mobility Fund, Series 2024                                                                               | CUSIP: 8827242C0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4322546.40   | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, The Carle Foundation, Series 2021A                                                                                     | CUSIP: 45204FJB2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106773.65    | 0.00%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured, Series 2017A-1                                                                    | CUSIP: 64971WL40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25402.74     | 0.00%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                               | Board of Regents of the University of Texas System, Series 2016B                                                                                   | CUSIP: 91514ADC6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     45000 | PA      | $46132.29     | 0.00%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | State of New Jersey, COVID-19 Emergency Bonds, Series 2020A                                                                                        | CUSIP: 646039YK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038240.80   | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2017A                                                                                                                    | CUSIP: 452152S44<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251430.53    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                   | Nebraska Public Power District, Series C                                                                                                           | CUSIP: 63968AP33<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126010.19    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Nahant MA                                                                | Town of Nahant                                                                                                                                     | CUSIP: 629785GJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024934.40   | 0.08%             | 2026-07-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2023A                                                            | CUSIP: 54811BF22<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    890000 | PA      | $905606.95    | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harnett NC                                                             | County of Harnett, Series 2020                                                                                                                     | CUSIP: 41333TCC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206541.64    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milford Central School District                                                  | Milford Central School District                                                                                                                    | CUSIP: 599603JM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504475.70   | 0.06%             | 2025-12-12      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund               | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2015B                                                                   | CUSIP: 67766WXB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754607.10    | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manatee County School District                                                   | Manatee County School District, Series 2017                                                                                                        | CUSIP: 56185PCG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46350.53     | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System Revenue                      | Tarrant Regional Water District Water Supply System, Series 2015                                                                                   | CUSIP: 876443LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25042.49     | 0.00%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wise County Industrial Development Authority                                     | Wise County Industrial Development Authority, Electric and Power Co., Project, Series 2009A                                                        | CUSIP: 977228AE5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  22765000 | PA      | $22765000.00  | 0.94%             | 2040-10-01      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue            | State of Florida Department of Transportation Turnpike System, Series 2025A                                                                        | CUSIP: 343137WA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2084378.66   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                           | University of Michigan                                                                                                                             | CUSIP: 914455QC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50738.80     | 0.00%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | Orange County School Board, Series 2017C                                                                                                           | CUSIP: 684517SH9<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |     85000 | PA      | $91201.89     | 0.00%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri (The)                                     | Curators of the University of Missouri (The), Series 2024                                                                                          | CUSIP: 231266MU8<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2763507.00   | 0.11%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Medford NJ                                                           | Township of Medford, Series 2024A                                                                                                                  | CUSIP: 584309WN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10290323 | PA      | $10299383.63  | 0.42%             | 2025-09-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2017                                                                                                      | CUSIP: 709224A41<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52756.09     | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                               | City of Fort Worth Water and Sewer System, Series 2020A                                                                                            | CUSIP: 349515G91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $171480.03    | 0.01%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arkansas                                                                | State of Arkansas, Federal Highway                                                                                                                 | CUSIP: 041042ZF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40070.53     | 0.00%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | City of Austin Water and Wastewater System, Series 2021                                                                                            | CUSIP: 052477MF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $283786.22    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                               | State of Louisiana, Series 2024E                                                                                                                   | CUSIP: 546417KF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097412.90   | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Point Pleasant Beach NJ                                               | Borough of Point Pleasant Beach, General Capital Notes Water and Sewer Utility                                                                     | CUSIP: 730570HQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4610154.04   | 0.19%             | 2025-11-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No. 1                                      | North Carolina Municipal Power Agency No. 1, Series 2016A                                                                                          | CUSIP: 6582034M3<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255206.03    | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 55-C                                                                       | CUSIP: 65820BBB1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000672.80   | 0.16%             | 2056-07-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Alamo Community College District                                                 | Alamo Community College District, Limited Tax, Series 2017                                                                                         | CUSIP: 011415RF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26299.70     | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                                | Purdue University, Series EE                                                                                                                       | CUSIP: 746189ZA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36684.25     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                            | City of Fort Worth, Series 2015A                                                                                                                   | CUSIP: 3494255X2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45078.28     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Second Tier, Series B                                                                                               | CUSIP: 66285WWX0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    295000 | PA      | $297404.46    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, School Facilities Construction, Series 2024SSS                                                          | CUSIP: 64577XET9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2496661.72   | 0.10%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | State of Connecticut Special Tax, Transportation Infrastructure Purpose, Series B                                                                  | CUSIP: 207758WL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51292.54     | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | Greater Orlando Aviation Authority, Series 2017A                                                                                                   | CUSIP: 3922744P8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    750000 | PA      | $785108.03    | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | City of Philadelphia Water and Wastewater, Series 2017                                                                                             | CUSIP: 717813TB5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57690.91     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Capital Facilities Lease Appropriation, Park and Recreation Improvement Fund Project, Series 2016C                                  | CUSIP: 67759HHW7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     45000 | PA      | $46457.00     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2019                                                                                     | CUSIP: 71781QFC7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214153.56    | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                           | Wisconsin Department of Transportation, Series 2021A                                                                                               | CUSIP: 977123Z68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20444.81     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank, Desoto County Mississippi Highway Project, Series 2024A                                                              | CUSIP: 60534XWR3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1617691.35   | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | Ohio Higher Educational Facility Commission, Case Western Reserve University Project, Series 2018                                                  | CUSIP: 67756DRH1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42041.32     | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government Utility System Revenue           | Wyandotte County-Kansas City Unified Government Utility System, Series 2014A                                                                       | CUSIP: 982674JP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000735.60   | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sales Tax Revenue                                          | County of Hamilton Sales Tax, Series 2016A                                                                                                         | CUSIP: 407287MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $113119.72    | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | City of Whiting, BP Products North America, Inc. Project, Series 2019A                                                                             | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1922605.44   | 0.08%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Midwestern Disaster Area, Archer-Daniels-Midland Co., Project                                                              | CUSIP: 46246SAC9<br>LEI: 549300NQVL49BTHOW391 | Long             | STIV             | MUN               | US        |  15200000 | PA      | $15200000.00  | 0.63%             | 2051-12-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | State of Wisconsin, Annual Appropriation, Series 2019A                                                                                             | CUSIP: 977100GP5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25431.95     | 0.00%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County School Board (The)                                                    | Lee County School Board (The), Series 2014A                                                                                                        | CUSIP: 523494NN8<br>LEI: 54930014H67DITNA1Q29 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145271.73    | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series 2025B                                                                                                                 | CUSIP: 20772KB73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9200000 | PA      | $9497874.84   | 0.39%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Denton TX Utility System Revenue                                         | City of Denton, Utility System, Series 2017                                                                                                        | CUSIP: 249015C22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128626.50    | 0.01%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Transportation Commission Mobility Fund, Series 2024                                                                               | CUSIP: 8827242B2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2730231.25   | 0.11%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | State of Minnesota, Series 2022A                                                                                                                   | CUSIP: 604146GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1336439.58   | 0.05%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | Texas State Technical College, Series 2022A                                                                                                        | CUSIP: 88276REY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $411737.79    | 0.02%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 131, Series A                                                                         | CUSIP: 49151F3S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078849.10   | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                           | University of Kentucky, General Receipts, Series 2015B                                                                                             | CUSIP: 914378JD7<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35091.88     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Humble Independent School District                                               | Humble Independent School District, Series 2016C                                                                                                   | CUSIP: 445047FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101172.83    | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Northwestern University, Series 2015                                                                                   | CUSIP: 45203HZ54<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25154.15     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                       | San Antonio Independent School District, Series 2015                                                                                               | CUSIP: 796269VP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110157.32    | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | Virginia College Building Authority Educational Facilities, 21St Century College and Equipment Programs, Series 2020A                              | CUSIP: 92778VJF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129792.66    | 0.01%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                        | City of Vernon, Electric System, Series 2021A                                                                                                      | CUSIP: 924397EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26120.18     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Indiana PA                                                             | County of Indiana                                                                                                                                  | CUSIP: 454686EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250273.93    | 0.01%             | 2025-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                         | City of Oklahoma City, Series 2016                                                                                                                 | CUSIP: 678519TV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038474.90   | 0.04%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                                | Regional Transportation Authority, Series 2017A                                                                                                    | CUSIP: 7599113A6<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1763796.24   | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alpine School District/UT                                                        | Alpine School District, Utah School Bond Guaranty Program, Series 2017                                                                             | CUSIP: 021087VK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25352.70     | 0.00%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2017D                                                                                                 | CUSIP: 93974DE53<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30325.40     | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Eastern Municipal Power Agency                                    | North Carolina Eastern Municipal Power Agency, Series 1993B                                                                                        | CUSIP: 658196PK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $166826.93    | 0.01%             | 2026-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue         | City of Indianapolis, Department of Public Utilities Water System, First Lien                                                                      | CUSIP: 455412BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47401.00     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | New Jersey Transportation Trust Fund Authority, Capital Appreciation, Series 2010A                                                                 | CUSIP: 646136XF3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2265881.89   | 0.09%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | State of Connecticut Special Tax, Series 2021A                                                                                                     | CUSIP: 207758B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017667.20   | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Waste Management, Inc. Project, Series 2021A                                                | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   7000000 | PA      | $6992317.50   | 0.29%             | 2041-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                                      | Ohio State University (The), Series 2010D                                                                                                          | CUSIP: 677632ZF1<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25154.77     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | County of Jefferson sewer, Series 2024                                                                                                             | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1309752.88   | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                           | County of Baltimore, Series 2017                                                                                                                   | CUSIP: 05914FJ50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26010.70     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2023A                                                            | CUSIP: 54811BF30<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62590.82     | 0.00%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Municipal Power Agency                                         | Northern Illinois Municipal Power Agency, Series 2016A                                                                                             | CUSIP: 665250CK0<br>LEI: VWCV6ROJUT9NS55JU583 | Long             | DBT              | MUN               | US        |    175000 | PA      | $180330.13    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Harris County Regional Water Authority                                     | North Harris County Regional Water Authority, Senior Lien, Series 2016                                                                             | CUSIP: 65956NGQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77337.79     | 0.00%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | Minneapolis-St Paul Metropolitan Airports Commission, Series A                                                                                     | CUSIP: 603827WU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36136.14     | 0.00%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | County of Cook, Series 2022A                                                                                                                       | CUSIP: 213185MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1964628.96   | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio Electric and Gas Systems, Series 2024D                                                                                         | CUSIP: 79625GLD3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099661.20   | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2018A                                                                                                | CUSIP: 452252ND7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79370.01     | 0.00%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                           | County of Allegheny, Series C-75                                                                                                                   | CUSIP: 01728VSH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281114.82    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | New York City Transitional Finance Authority Building Aid, Series 2016S-1                                                                          | CUSIP: 64972HYJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25227.74     | 0.00%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Parkview Medical Center, Inc., Project, Series 2020A                                                         | CUSIP: 19648FPY4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1768076.64   | 0.07%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | Michigan State Building Authority, Facilities Program, Series 2015I                                                                                | CUSIP: 594615JG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2171460.36   | 0.09%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | City of Seattle Municipal Light and Power, Series 2019B                                                                                            | CUSIP: 812643UD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101159.94    | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                        | Michigan State University, Series 2020A                                                                                                            | CUSIP: 594712WR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84049.19     | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                                | New Hampshire Municipal Bond Bank, Series 2022C                                                                                                    | CUSIP: 64465QKU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31535.62     | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                   | American Municipal Power, Inc., AMP Fremont Energy Center Project, Series 2017A                                                                    | CUSIP: 02765UNP5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106106.64    | 0.00%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wheatland Chili Central School District                                          | Wheatland Chili Central School District, Series 2025A                                                                                              | CUSIP: 962625HR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516655.70   | 0.06%             | 2026-07-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Adventist Health System, Series 2025A                                                                        | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2188807.40   | 0.09%             | 2060-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Mill School District No. 4                                                  | Fort Mill School District No. 4, Series 2025A                                                                                                      | CUSIP: 986525E25<br>LEI: 5493003IDG5PRDEDK149 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6248829.34   | 0.26%             | 2026-03-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clinton Central School District                                                  | Clinton Central School District                                                                                                                    | CUSIP: 188288KP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5055286.50   | 0.21%             | 2026-06-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series C                                                                                                            | CUSIP: 57582PBU3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51734.53     | 0.00%             | 2026-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement, Series 2016A-1                                                      | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    410000 | PA      | $417818.99    | 0.02%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | County of Harris, Toll Road, Senior Lien, Series 2016A                                                                                             | CUSIP: 414005WH7<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81693.60     | 0.00%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                           | Lewisville Independent School District, Unlimited Tax                                                                                              | CUSIP: 52882PHC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2100837.80   | 0.09%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured, Series C                                                                          | CUSIP: 64971WYC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80322.06     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority  | Cumberland County Industrial Facilities and Pollution Control Financing Authority, Solid Waste Disposal Project Hero, Series 2024                  | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5001051.00   | 0.21%             | 2027-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| City of South Miami Health Facilities Authority, Inc.                            | City of South Miami Health Facilities Authority, Inc., Baptist Health South Florida Obligated Group                                                | CUSIP: 838810DR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67787.07     | 0.00%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                             | State of Mississippi, Series 2015F                                                                                                                 | CUSIP: 605581HA8<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    795000 | PA      | $797122.89    | 0.03%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | County of Montgomery, Series 2018A                                                                                                                 | CUSIP: 61334PAH6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77349.38     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                     | Metropolitan Atlanta Rapid Transit Authority, Sales Tax, Series 2017D                                                                              | CUSIP: 5917453Y8<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022687.30   | 0.04%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                              | County of Cook, Sales Tax, Series 2022A                                                                                                            | CUSIP: 213248CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45198.50     | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comal Independent School District                                                | Comal Independent School District, Unlimited Tax, Series 2017                                                                                      | CUSIP: 1998203C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35362.45     | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Broward Hospital District                                                  | South Broward Hospital District, Memorial Healthcare System                                                                                        | CUSIP: 836753LQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $111005.74    | 0.00%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | Virginia College Building Authority Educational Facilities, 21St Century College and Equipment Programs, Series 2014B                              | CUSIP: 92778WSD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20000.00     | 0.00%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2016A-1                                                                                                   | CUSIP: 709224PV5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101908.39    | 0.00%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                   | Texas Public Finance Authority, Series 2019                                                                                                        | CUSIP: 882669BA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30316.66     | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                                | Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply, Series 2023A                                                                      | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |  12260000 | PA      | $13077116.74  | 0.54%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                            | Tennessee State School Bond Authority, Higher Educational Facilities Second Program, Series 2015B                                                  | CUSIP: 880558HW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100429.01    | 0.00%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2021C                                                                                                 | CUSIP: 93974ELE4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31141.37     | 0.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                         | Maine Turnpike Authority                                                                                                                           | CUSIP: 560551SA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095369.90   | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | Virginia Commonwealth Transportation Board                                                                                                         | CUSIP: 92778UCA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72810.42     | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Children's Hospital Corp Obligated Group, Series 2024U-2                                                 | CUSIP: 57584Y8K8<br>LEI: 549300UZSVMFXJK08K70 | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.41%             | 2048-03-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                  | State of Nevada, Water Pollution Control, Series 2019E                                                                                             | CUSIP: 641462GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31527.50     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2016A                                                                | CUSIP: 342816H81<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56511.87     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                               | Conroe Independent School District, Unlimited Tax, Series 2019                                                                                     | CUSIP: 208418P56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30358.67     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                              | State of New Mexico, Capital Projects                                                                                                              | CUSIP: 647293SJ9<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45592.49     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | Virginia Public Building Authority, Series 2017A                                                                                                   | CUSIP: 928172Y41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $856014.94    | 0.04%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                               | State of Louisiana, Series 2023A                                                                                                                   | CUSIP: 546417GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $707984.86    | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | Palm Beach County School District, Series 2018C                                                                                                    | CUSIP: 696550G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122862.50    | 0.01%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured, Series 2023A, Subseries A-1                                                       | CUSIP: 64971XV54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $97332.27     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | Allegheny County Hospital Development Authority, Pittsburgh Medical Center, Series 2019A                                                           | CUSIP: 01728A4L7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45908.50     | 0.00%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | Palm Beach County School District, Series 2022B                                                                                                    | CUSIP: 696550J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61465.52     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 113, Series 2024B                                                                     | CUSIP: 49151F3A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055575.60   | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Grand Island NY                                                          | Town of Grand Island                                                                                                                               | CUSIP: 385712RX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12016609.20  | 0.49%             | 2025-10-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tulsa County Independent School District No. 4 Bixby                             | Tulsa County Independent School District No. 4 Bixby                                                                                               | CUSIP: 899576HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5608749.96   | 0.23%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | University of Houston, Series 2016A                                                                                                                | CUSIP: 9143016A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20021.42     | 0.00%             | 2026-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Trinity Health Credit Group, Series 2017A-MI                                                                           | CUSIP: 59447TQG1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47327.85     | 0.00%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                           | University of Illinois, Auxiliary Facilities System, Series 2023A                                                                                  | CUSIP: 9143536Q5<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1571184.01   | 0.06%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | City of Jacksonville, Series 2015                                                                                                                  | CUSIP: 469495DG7<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |    325000 | PA      | $325632.87    | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, State Infrastructure Improvement, Series 2016-1                                                                                     | CUSIP: 677581GK0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019192.20   | 0.04%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Farmingdale NY                                                        | Village of Farmingdale, Series 2024B                                                                                                               | CUSIP: 311081HX4<br>LEI: 549300E6G47IEV5U1G34 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5705320.38   | 0.23%             | 2025-09-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Borough of Palisades Park NJ                                                     | Borough of Palisades Park, Swimming Pool Utility                                                                                                   | CUSIP: 696395GD8<br>LEI: 549300SF9JNNWFAZGA56 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011338.00   | 0.08%             | 2026-03-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Development Finance Authority, Solid waste Management, Inc. Project                                                                       | CUSIP: 451889AT6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   6000000 | PA      | $6004596.00   | 0.25%             | 2044-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Denver Urban Renewal Authority                                                   | Denver Urban Renewal Authority, Series 2010B-1                                                                                                     | CUSIP: 249301FW7<br>LEI: 54930040L61W75KRAG79 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70414.09     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                  | State of Louisiana Gasoline and Fuels Tax, Second Lien, Series 2023A-1                                                                             | CUSIP: 546475VV3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.16%             | 2043-05-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | County of Broward, Airport System, Series 2013C                                                                                                    | CUSIP: 114894UZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50100.66     | 0.00%             | 2026-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2023                                                             | CUSIP: 54811BZY0<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21332.85     | 0.00%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                                    | State of Iowa, Ijobs Program, Series 2016A                                                                                                         | CUSIP: 46257TEE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036507.60   | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                        | Florida Department of Management Services, Series 2021A                                                                                            | CUSIP: 34160PEN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1489501.31   | 0.06%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 320 Sumner                                     | Pierce County School District No. 320 Sumner, Series 2016                                                                                          | CUSIP: 720526XJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40263.66     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Seneca Central School District                                              | West Seneca Central School District                                                                                                                | CUSIP: 955776LS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10107370.00  | 0.42%             | 2026-06-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                    | State of Florida Department of Transportation, Series 2019A                                                                                        | CUSIP: 34160DAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20973.17     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series 2016A                                                 | CUSIP: 97712JMC4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3643421.01   | 0.15%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series A                                                                                            | CUSIP: 010268BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2840263.53   | 0.12%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health and Higher Educational Facilities Authority, The Johns Hopkins Health System, Series 2024A                                         | CUSIP: 57421CGB4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.21%             | 2048-06-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                           | County of Baltimore, Equipment Acquisition Program                                                                                                 | CUSIP: 059134EN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $88283.12     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Community Foundation of Northern Indiana Obligated Group                                                                | CUSIP: 45506DA39<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2112814.66   | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2017C                                                                                                                    | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31421.07     | 0.00%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Academy Central School District at Delhi                                | Delaware Academy Central School District at Delhi                                                                                                  | CUSIP: 246797EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6056904.00   | 0.25%             | 2026-07-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                             | County of Fairfax, Series 2016A                                                                                                                    | CUSIP: 30382AEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40616.66     | 0.00%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Project 1, Series 2020A                                                                                                          | CUSIP: 29270C3B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $89105.94     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                 | State of Florida Lottery, Series 2017A                                                                                                             | CUSIP: 341507S28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20991.58     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lake OH                                                                | County of Lake                                                                                                                                     | CUSIP: 5094266D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001927.80   | 0.12%             | 2025-09-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga Metropolitan Housing Authority                                          | Cuyahoga Metropolitan Housing Authority, Wade Park Apartments                                                                                      | CUSIP: 23239TAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100428.67    | 0.00%             | 2027-12-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No. 1                                      | North Carolina Municipal Power Agency No. 1, Series 2016A                                                                                          | CUSIP: 6582034L5<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    265000 | PA      | $270645.48    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Indiana University Health Obligated Group, Series 2016A                                                                 | CUSIP: 45471APH9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165914.17    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Hanover NC                                                         | County of New Hanover, New Hanover Regional Medical Center, Series 2017                                                                            | CUSIP: 644804FA9<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1667114.72   | 0.07%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                   | Nebraska Public Power District, Series B                                                                                                           | CUSIP: 63968AV44<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25211.76     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund               | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2015B                                                                   | CUSIP: 67766WXG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40245.71     | 0.00%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York and New Jersey, Consolidated, Series 177TH                                                                              | CUSIP: 73358WME1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400235.04    | 0.02%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Froedtert Thedacare Health, Series 2025D                                                    | CUSIP: 97712JNL3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | STIV             | MUN               | US        |  20000000 | PA      | $20000000.00  | 0.82%             | 2055-04-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Presence Health Network, Series 2016C                                                                                  | CUSIP: 45204EET1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    145000 | PA      | $150483.07    | 0.01%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                               | Board of Regents of the University of Texas System, Series 2016J                                                                                   | CUSIP: 91514AGQ2<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25629.05     | 0.00%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Utica NY                                                                 | City of Utica                                                                                                                                      | CUSIP: 917747CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5029354.00   | 0.21%             | 2026-01-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County College District                                                  | Tarrant County College District, Series 2020                                                                                                       | CUSIP: 87638KBV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $107611.91    | 0.00%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Intermediate Tax-Free Fund                                              | City of Houston Combined Utility System, First Lien, Series 2018D                                                                                  | CUSIP: 44244CSK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20104.86     | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio, Electric and Gas Systems, Series 2018                                                                                         | CUSIP: 79625GAE3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    505000 | PA      | $523931.89    | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                                | Regional Transportation Authority, Series 2017A                                                                                                    | CUSIP: 7599112Z2<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |    285000 | PA      | $296341.23    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | Clark County School District, Limited Tax, Series 2018A                                                                                            | CUSIP: 181059ZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156986.70    | 0.01%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                                | Cleveland County Educational Facilities Authority, Norman Public Schools Project, Series 2023A                                                     | CUSIP: 18604TEX2<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1380949.70   | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                         | Cleveland-Cuyahoga County Port Authority, The Cleveland Museum of Natural History Project                                                          | CUSIP: 18610PAY4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    125000 | PA      | $127308.48    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | State of Illinois, Sales Tax, Series 2021A                                                                                                         | CUSIP: 452227RM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40883.59     | 0.00%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | New York City Transitional Finance Authority, Building Aid, Fiscal Year 2018, Series S-1                                                           | CUSIP: 64972HZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $109886.33    | 0.00%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                        | Grand River Dam Authority, Series 2016A                                                                                                            | CUSIP: 386442WL7<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66168.06     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Parkways Authority                                                 | West Virginia Parkways Authority, Senior Lien                                                                                                      | CUSIP: 956510BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20371.92     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Waste Management, Inc., Project, Series 2017A                                               | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2900000 | PA      | $2900475.89   | 0.12%             | 2037-08-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | State of North Carolina, Limited Obligation, Series 2017B                                                                                          | CUSIP: 65829QCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $547215.06    | 0.02%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp. for Pickens School District                   | SCAGO Educational Facilities Corp. for Pickens School District, Series 2015                                                                        | CUSIP: 80585TCB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375592.01    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | State of Colorado, Series 2017K                                                                                                                    | CUSIP: 19668QHZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30450.54     | 0.00%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                               | Regional Transportation District Sales Tax, Series 2023A                                                                                           | CUSIP: 759136VP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61882.59     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                  | City of Gainesville, Utilities System, Series B                                                                                                    | CUSIP: 362848SW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225335.52    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water and Power System, Series 2016B                                                                                     | CUSIP: 544495U77<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007065.80   | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                         | City of Oklahoma City                                                                                                                              | CUSIP: 6785192J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2700034.74   | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, The Evangelical Lutheran Good Samaritan Society Project, Series 2017                                         | CUSIP: 19648FDD3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31256.56     | 0.00%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | City of Dallas, Equipment Acquisition Contractual Obligation                                                                                       | CUSIP: 235219TT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $207292.60    | 0.01%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Berkshire Regional School District/MA                                    | Central Berkshire Regional School District                                                                                                         | CUSIP: 152645HE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7208400 | PA      | $7216220.39   | 0.30%             | 2025-09-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2016A                                                                | CUSIP: 342816J22<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    900000 | PA      | $923888.07    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue         | City of Indianapolis, Department of Public Utilities Water System, Series 2016B                                                                    | CUSIP: 455412AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20572.83     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | Indiana Municipal Power Agency, Power Supply System, Series 2016C                                                                                  | CUSIP: 454898UK1<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30600.80     | 0.00%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Hospital Trinity Health Credit Group, Series 2015MI                                                                    | CUSIP: 59447P7M7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1145014.06   | 0.05%             | 2027-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series 2017AU-2                                                                              | CUSIP: 70917TJC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10401.25     | 0.00%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2016B                                                                                                 | CUSIP: 93974DUH9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4412098.69   | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | State of New Jersey, COVID-19 Emergency Bonds, Series 2020A                                                                                        | CUSIP: 646039YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $114989.36    | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, University of Pittsburgh Medical Center, Series 2017A                                       | CUSIP: 70870JAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66826.14     | 0.00%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022B                                                                                                                    | CUSIP: 452153DH9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52846.59     | 0.00%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Harris County Regional Water Authority                                     | North Harris County Regional Water Authority, Senior Lien, Series 2016                                                                             | CUSIP: 65956NGR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $546095.68    | 0.02%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                              | City of Richmond, Series 2017D                                                                                                                     | CUSIP: 76541VTA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31190.28     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Home Collaborative                                                         | Texas Home Collaborative, 1518 Apartments, Series 2023                                                                                             | CUSIP: 88248CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3345490.65   | 0.14%             | 2041-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston, Airport System, Subordinate Lien, Series 2020B                                                                                    | CUSIP: 442349ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35734.90     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Trinity Health Credit Group, Series 2017A-MI                                                                           | CUSIP: 59447TQE6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30874.23     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | County of Harris, Toll Road, Senior Lien, Series 2016A                                                                                             | CUSIP: 414005WJ3<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1168044.27   | 0.05%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Water Financial Assistance, Series 2018B-3                                                                                         | CUSIP: 882724GE1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51132.05     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Frisco Independent School District                                               | Frisco Independent School District, Unlimited Tax, Series 2017                                                                                     | CUSIP: 35880CXF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3567644.97   | 0.15%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                        | Grand River Dam Authority, Series 2016A                                                                                                            | CUSIP: 386442WM5<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61763.23     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Series R-2022B                                                                                                                | CUSIP: 93974EUA2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2986777.40   | 0.12%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue               | Trinity River Authority, Central Regional Wastewater System, Series 2019                                                                           | CUSIP: 89658HWR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102364.07    | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                    | State of Florida Department of Transportation, Series 2019A                                                                                        | CUSIP: 34160DAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112778.73    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merrimack Valley Regional Transit Authority                                      | Merrimack Valley Regional Transit Authority                                                                                                        | CUSIP: 590341CV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5051950.00   | 0.21%             | 2026-06-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2019                                                             | CUSIP: 54811BSL6<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    245000 | PA      | $255244.87    | 0.01%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                            | City of Fort Worth, Series 2016                                                                                                                    | CUSIP: 3494256S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91100.25     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams and Arapahoe Counties Joint School District 28J Aurora                     | Adams and Arapahoe Counties Joint School District 28J Aurora                                                                                       | CUSIP: 0054824G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2079001.60   | 0.09%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Borough of Avalon NJ                                                             | Borough of Avalon                                                                                                                                  | CUSIP: 053375PS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9350000 | PA      | $9417798.72   | 0.39%             | 2026-02-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Stadium Project, Series 2022A                                                                                           | CUSIP: 45506EEU3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40405.58     | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 10 Tacoma                                      | Pierce County School District No. 10 Tacoma, Series 2015                                                                                           | CUSIP: 720424ZE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006268.00   | 0.04%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | County of Harris, First Lien, Series 2022A                                                                                                         | CUSIP: 41423PCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $125979.76    | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                       | Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott & White Health Project, Series 2022F                                      | CUSIP: 87638QSG5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1195920.66   | 0.05%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | Indiana Municipal Power Agency, Power Supply System, Series 2016C                                                                                  | CUSIP: 454898UL9<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |    185000 | PA      | $188505.18    | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | Clark County School District, Limited Tax, Series 2021C                                                                                            | CUSIP: 181059Z82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76517.53     | 0.00%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Higher Education, Series 2025B                                                                                                      | CUSIP: 677523KA9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1664083.87   | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield IL Electric Revenue                                          | City of Springfield Electric, Senior Lien                                                                                                          | CUSIP: 850578UA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $2035638.99   | 0.08%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Trinity Health Credit Group, Series 2013MI-1                                                                           | CUSIP: 59447PXQ9<br>LEI: 54930022O46HOX5J1D14 | Long             | STIV             | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.12%             | 2034-12-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Scottsdale Municipal Property Corp.                                              | Scottsdale Municipal Property Corp., Series 2017                                                                                                   | CUSIP: 810489SC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57667.72     | 0.00%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                   | Texas Public Finance Authority                                                                                                                     | CUSIP: 882669BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25926.30     | 0.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnstown City School District                                                   | Johnstown City School District                                                                                                                     | CUSIP: 479589FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3028905.30   | 0.12%             | 2026-06-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alachua County School Board                                                      | Alachua County School Board, Series 2020                                                                                                           | CUSIP: 01069SGM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67919.81     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority                                                          | Trinity River Authority, Water Project                                                                                                             | CUSIP: 89657PGT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $394020.59    | 0.02%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Hospital Equipment & Facilities Authority                            | Mississippi Hospital Equipment and Facilities Authority, Baptist Memorial Health Care Corp., Series 2020A-1                                        | CUSIP: 605360UB0<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.29%             | 2044-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | Commonwealth of Pennsylvania, Series 2018A                                                                                                         | CUSIP: 709144NL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $423266.88    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | City of Philadelphia, Series 2021A                                                                                                                 | CUSIP: 717813YM5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50828.88     | 0.00%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | Orange County School Board, Series 2016B                                                                                                           | CUSIP: 684517RG2<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56208.87     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | City of Philadelphia Water and Wastewater, Series 2014A                                                                                            | CUSIP: 717893YS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1802523.60   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Voting System Acquisition Project                                                                                                   | CUSIP: 677905DL2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20509.43     | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | County of Miami-Dade, Series 2020                                                                                                                  | CUSIP: 59333FZT0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20979.21     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series 2022A                                                                                                   | CUSIP: 735389S58<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61429.43     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2019A                                                                | CUSIP: 342816Q73<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    215000 | PA      | $226073.38    | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority Future Tax Secured Fiscal Year 2025, Series 2021 Subseries A-1                                        | CUSIP: 64972JJH2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41268.72     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                                | Indiana Housing and Community Development Authority, Single Family, Series 2017B-3                                                                 | CUSIP: 45505TRY9<br>LEI: 549300QRKDYVNHT1OE86 | Long             | STIV             | MUN               | US        |  20000000 | PA      | $20000000.00  | 0.82%             | 2047-07-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | Commonwealth of Pennsylvania, Series 2016                                                                                                          | CUSIP: 70914PE32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $794722.05    | 0.03%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                                            | School District of Philadelphia (The), Series F                                                                                                    | CUSIP: 717883TD4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5101250.50   | 0.21%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge Enterprise                                                       | Colorado Bridge Enterprise, Series 2019A                                                                                                           | CUSIP: 19633SAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115393.88    | 0.00%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | Minneapolis-St Paul Metropolitan Airports Commission, Series 2023A                                                                                 | CUSIP: 603827L87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51728.91     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                                | Plano Independent School District, Unlimited Tax                                                                                                   | CUSIP: 727199D81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3629291.75   | 0.15%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wayne OH                                                               | County of Wayne, Limited Tax                                                                                                                       | CUSIP: 945880EV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12021451.20  | 0.49%             | 2025-12-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured, Fiscal Year 2018, Series 2018B-1                                                  | CUSIP: 64971XCJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20953.19     | 0.00%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2019, Series B-5                                                     | CUSIP: 64971XHV3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  25000000 | PA      | $25000000.00  | 1.03%             | 2042-08-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Ausable Valley Central School District                                           | Ausable Valley Central School District                                                                                                             | CUSIP: 052087GL1<br>LEI: 5493007R5JT7OH6ZYR81 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3033416.40   | 0.12%             | 2026-07-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | City of Seattle Municipal Light and Power, Series 2018A                                                                                            | CUSIP: 812643RD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186703.37    | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series 2020B                                                                                              | CUSIP: 2350365U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26393.08     | 0.00%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | Virginia Small Business Financing Authority, Environmental Facilities Pure Salmon Virginia LLC Project                                             | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   3350000 | PA      | $3352280.35   | 0.14%             | 2052-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Water Financial Assistance, Series 2021B                                                                                           | CUSIP: 882724VV6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410318.86    | 0.02%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Series 2016A                                                                                                        | CUSIP: 66285WSG2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30253.73     | 0.00%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                           | City of Mesa Utility System, Series 2017                                                                                                           | CUSIP: 590545XT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029030.10   | 0.04%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | Commonwealth Financing Authority, Series 2020A                                                                                                     | CUSIP: 20281PLK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20835.89     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek AZ Excise Tax Revenue                                        | Town of Queen Creek Excise Tax                                                                                                                     | CUSIP: 74823YFQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1265243.80   | 0.05%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | County of Harris, Senior Lien, Series 2016A                                                                                                        | CUSIP: 414005WF1<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30774.93     | 0.00%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | Triborough Bridge and Tunnel Authority, Series 2024B                                                                                               | CUSIP: 89602HHD2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078757.40   | 0.09%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Desert Community College District                                                | Desert Community College District                                                                                                                  | CUSIP: 250375GC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20230.39     | 0.00%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Groton CT                                                                | Town of Groton                                                                                                                                     | CUSIP: 3993525U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4335143.90   | 0.18%             | 2026-04-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Town of Dover NJ                                                                 | Town of Dover, General Improvement Water Utility                                                                                                   | CUSIP: 260237LW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11700000 | PA      | $11781100.89  | 0.48%             | 2026-01-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | City of Austin Water and Wastewater System, Series 2022                                                                                            | CUSIP: 052477PH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309584.97    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Asset Liability Commission                                              | Kentucky Asset Liability Commission, Series 2021A                                                                                                  | CUSIP: 491189GF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26302.69     | 0.00%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Clean Water Initiative Revolving Fund, Series 2020                                                                     | CUSIP: 45204FFE0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41894.85     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Worcester Regional Transit Authority                                             | Worcester Regional Transit Authority                                                                                                               | CUSIP: 981325CP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4041560.00   | 0.17%             | 2026-06-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | City and County of Honolulu, Series 2022A                                                                                                          | CUSIP: 438687UF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123652.97    | 0.01%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Washington NJ/Bergen County                                          | Township of Washington                                                                                                                             | CUSIP: 940399JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2529786.25   | 0.10%             | 2026-07-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Unitypoint Health, Series 2016D                                                                                        | CUSIP: 45204ECM8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5034776.50   | 0.21%             | 2046-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority (The)                                      | Atlantic County Improvement Authority (The), Atlantic City Campus Phase II Project, Series 2021A                                                   | CUSIP: 048501HY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101850.43    | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Northwestern University, Series 2017A                                                                                  | CUSIP: 45204EZN1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    270000 | PA      | $275826.71    | 0.01%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | California Health Facilities Financing Authority, Sutter Health, Series 2016A                                                                      | CUSIP: 13032UCH9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35188.82     | 0.00%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Dauphin PA                                                             | County of Dauphin, Series 2020A                                                                                                                    | CUSIP: 238253Q43<br>LEI: 549300E86X2H9JIHEX42 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20609.74     | 0.00%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | Indiana Municipal Power Agency, Power Supply System, Series 2016C                                                                                  | CUSIP: 454898UH8<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55462.21     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Kentucky                                                         | Commonwealth of Kentucky, State Office Building Project, Series 2018A                                                                              | CUSIP: 491449BC7<br>LEI: 549300F6MON81PRPVJ50 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1277157.13   | 0.05%             | 2027-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | Central Florida Expressway Authority, Senior Lien, Series 2017                                                                                     | CUSIP: 153476CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93895.09     | 0.00%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                   | Florida Department of Environmental Protection, Series 2017A                                                                                       | CUSIP: 34160WA61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104773.88    | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | County of Cook, Series 2021A                                                                                                                       | CUSIP: 213185LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $211266.69    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, General Airport, Senior Lien, Series C                                                                       | CUSIP: 167593VJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20165.01     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | Great Lakes Water Authority, Water Supply System, Second Lien, Series 2018A                                                                        | CUSIP: 39081JBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106909.11    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | Central Puget Sound Regional Transit Authority, Series 2021S-1                                                                                     | CUSIP: 155048DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $949131.63    | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                      | Rhode Island Commerce Corp., Department of Transportation, Series 2016B                                                                            | CUSIP: 762232AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117190.24    | 0.00%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series 2016A                                                                                        | CUSIP: 010268AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024788.80   | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | Allegheny County Hospital Development Authority, Allegheny Health Network Obligated Group, Series 2018A                                            | CUSIP: 01728A3L8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530978.00   | 0.10%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Uchicago Medicine, Series 2022B-2                                                                                      | CUSIP: 45204FTD7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2140826.18   | 0.09%             | 2052-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Intermediate Tax-Free Fund                                              | City of Houston, Combined Utility System, First Lien, Series 2024A                                                                                 | CUSIP: 44244CS32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031829.10   | 0.04%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | Virginia College Building Authority Educational Facilities, 21St Century College and Equipment Programs, Series A                                  | CUSIP: 92778VCS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126366.64    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., 1998 General Ordinance, Series 14TH                                                                                    | CUSIP: 7178238C5<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25045.43     | 0.00%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Little Egg Harbor NJ                                                 | Township of Little Egg Harbor, Series 2025A                                                                                                        | CUSIP: 537089ER1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2436954.52   | 0.10%             | 2026-01-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2017A                                                                | CUSIP: 342816P25<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1414273.01   | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2017D                                                                                                                 | CUSIP: 25476FUZ9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085089.80   | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2018A                                                                | CUSIP: 342816Q24<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2876401.97   | 0.12%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Subordinate, Series A-2                                                                                          | CUSIP: 709224NH8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034862.00   | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Municipal Power Agency                                         | Northern Illinois Municipal Power Agency, Series 2016A                                                                                             | CUSIP: 665250CN4<br>LEI: VWCV6ROJUT9NS55JU583 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1215800.64   | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp.                                               | Mississippi Business Finance Corp., Gulf Opportunity Zone Industrial Development, Chevron USA, Inc., Project, Series 2010H                         | CUSIP: 60528ABY9<br>LEI: 549300DYV074JUDKBQ77 | Long             | STIV             | MUN               | US        |  15000000 | PA      | $15000000.00  | 0.62%             | 2035-11-01      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sewer System Revenue                                       | County of Hamilton Sewer System, Series 2020A                                                                                                      | CUSIP: 407288C98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20634.14     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Swedish Covenant Hospital, Series 2016A                                                                                | CUSIP: 45204EQH4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35759.46     | 0.00%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Phoenix Children's Hospital, Series 2020A                                                                | CUSIP: 04052EAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156552.84    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bartow County Development Authority                                              | Bartow County Development Authority, Georgia Power Co. Plant, Series 2009-1                                                                        | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | STIV             | MUN               | US        |    210000 | PA      | $214953.42    | 0.01%             | 2032-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                       | Delaware Valley Regional Finance Authority, Local Government, Series 1998A                                                                         | CUSIP: 246579ER3<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1343240.66   | 0.06%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | Palm Beach County School District, Series 2018A                                                                                                    | CUSIP: 696550D82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $281716.99    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | Washington Metropolitan Area Transit Authority, Series A-1                                                                                         | CUSIP: 938782EQ8<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    375000 | PA      | $391924.46    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Water Infrastructure Finance Authority                                   | Arizona Water Infrastructure Finance Authority, Series 2024                                                                                        | CUSIP: 040688PD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4220844.40   | 0.17%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hamilton OH                                                              | City of Hamilton, Limited Tax Various Purpose                                                                                                      | CUSIP: 407756P82<br>LEI: 549300NCXYTNZWHRP508 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1805792.40   | 0.07%             | 2025-12-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Presbyterian Homes Obligated Group, Series 2021B                                                                       | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   1125000 | PA      | $1118406.94   | 0.05%             | 2042-05-01      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series 2023B                                                                                              | CUSIP: 23503CCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4041188.95   | 0.17%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lynchburg Economic Development Authority                                         | Lynchburg Economic Development Authority, Centra Health Obligated Group, Series 2017B                                                              | CUSIP: 55123TAU6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  15000000 | PA      | $15000000.00  | 0.62%             | 2047-01-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | California Health Facilities Financing Authority, St. Joseph Health System, Series 2019C                                                           | CUSIP: 13032UB80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002035.20   | 0.04%             | 2039-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Owego Apalachin Central School District                                          | Owego Apalachin Central School District, Series 2025B                                                                                              | CUSIP: 690632HV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2528509.25   | 0.10%             | 2026-07-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Arizona Sports & Tourism Authority                                               | Arizona Sports and Tourism Authority, Senior Lien Multipurpose Stadium Facility Project                                                            | CUSIP: 040583BT2<br>LEI: 5493000FS1Q9KGAM2L28 | Long             | DBT              | MUN               | US        |    750000 | PA      | $785390.63    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | Southern California Public Power Authority, Series 2023-1                                                                                          | CUSIP: 84247PMQ1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    800000 | PA      | $815600.16    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                    | Cypress-Fairbanks Independent School District, Unlimited Tax                                                                                       | CUSIP: 232769PY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3562718.64   | 0.15%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Waste Management, Inc., Project, Series 2020                                                               | CUSIP: 13048RAH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | STIV             | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.09%             | 2045-10-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Alamo Community College District                                                 | Alamo Community College District, Maintenance Tax                                                                                                  | CUSIP: 011415TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77890.74     | 0.00%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2017A                                                                                                            | CUSIP: 45470RDS2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21187.84     | 0.00%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Derby KS                                                                 | City of Derby, Series 2024-1                                                                                                                       | CUSIP: 249776KX2<br>LEI: 549300CONBN0WRKRFQ93 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006245.00   | 0.08%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | University of Cincinnati, Series 2016A                                                                                                             | CUSIP: 914119E40<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25480.04     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | Clark County School District, Limited Tax, Series 2017A                                                                                            | CUSIP: 181059WY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $120049.90    | 0.00%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | Palm Beach County School District, Series 2018B                                                                                                    | CUSIP: 696550F31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419723.84    | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2017D                                                                                                                    | CUSIP: 452152Q46<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2333797.10   | 0.10%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Readington NJ                                                        | Township of Readington                                                                                                                             | CUSIP: 755664MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2102320.50   | 0.09%             | 2025-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, KU Campus Development Corp., Center District Development Project, Series 2016                                            | CUSIP: 74444YAJ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121443.14    | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | County of Bexar, Limited Tax                                                                                                                       | CUSIP: 088281ZZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40789.10     | 0.00%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | City of Austin, Airport System, Series 2017A                                                                                                       | CUSIP: 052398EU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51389.81     | 0.00%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | Michigan State Building Authority, Facilities Program, Series 2016I                                                                                | CUSIP: 594615FG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76234.60     | 0.00%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Mcleod Health Projects                                                                         | CUSIP: 83703FKF8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    960000 | PA      | $963813.22    | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                     | New Mexico Finance Authority, State Transportation, Subordinate Lien, Series 2021A                                                                 | CUSIP: 64711RML7<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021016.50   | 0.04%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | Central Florida Expressway Authority, Senior Lien, Series 2016B                                                                                    | CUSIP: 153476BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $698711.37    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                                 | Raleigh Durham Airport Authority, Series 2020B                                                                                                     | CUSIP: 751073MM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137340.81    | 0.01%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2018A                                                                                                 | CUSIP: 93974DN61<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42052.67     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Duke Energy Progress Project                                                                                             | CUSIP: 74447HAC2<br>LEI: 5493004S6D3NA627K012 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1024548.70   | 0.04%             | 2046-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                    | Texas State University System, Series 2017A                                                                                                        | CUSIP: 88278PYF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101421.56    | 0.00%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jersey City NJ                                                           | City of Jersey City, Series 2025A                                                                                                                  | CUSIP: 476576VV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6571117.15   | 0.27%             | 2026-07-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2016                                                                                                                     | CUSIP: 452152D57<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1367631.91   | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, General Airport, Senior Lien, Series C                                                                       | CUSIP: 167593VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $599554.73    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                               | Oklahoma Municipal Power Authority, Power Supply System, Series 2021A                                                                              | CUSIP: 67910HQU7<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |     65000 | PA      | $67134.20     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | State of Wisconsin, Series 2025-2                                                                                                                  | CUSIP: 97705MM77<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093173.10   | 0.04%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2022                                                             | CUSIP: 54811BYB1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    275000 | PA      | $292732.03    | 0.01%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | County of Cuyahoga, Series 2020D                                                                                                                   | CUSIP: 232263LW1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41208.33     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | County of Clark, Series 2017                                                                                                                       | CUSIP: 181000PT1<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20944.04     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington NE                                                          | County of Washington, Wastewater and Solid Waste Disposal Facilities, Cargill Incorporated Projects                                                | CUSIP: 938120AD4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   6800000 | PA      | $6800000.00   | 0.28%             | 2030-09-01      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp.                                                      | Rhode Island Commerce Corp., Department of Transportation, Series 2016B                                                                            | CUSIP: 762232AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $346238.22    | 0.01%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | Ohio Air Quality Development Authority, American Electric Power Co. Project, Series 2014D                                                          | CUSIP: 677525WY9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1996660.80   | 0.08%             | 2026-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                           | City of San Antonio, Series 2015                                                                                                                   | CUSIP: 796237X26<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35063.74     | 0.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Santee Cooper, Series 2022B                                                                               | CUSIP: 837151X87<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2622436.50   | 0.11%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | City of Houston, Combined Utility System, First Lien, Series 2014D                                                                                 | CUSIP: 4424355P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20035.89     | 0.00%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geneseo Central School District                                                  | Geneseo Central School District                                                                                                                    | CUSIP: 371826FJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3028800.90   | 0.12%             | 2026-06-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | Regional Transportation District, Denver Transit Partners, Series 2020A                                                                            | CUSIP: 759151AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $109917.95    | 0.00%             | 2026-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | Allegheny County Higher Education Building Authority, Robert Morris University                                                                     | CUSIP: 01728RMT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $598366.79    | 0.02%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Froedtert Health, Inc., Obligated Group, Series 2021B                                       | CUSIP: 97712D8W9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | STIV             | MUN               | US        |  20000000 | PA      | $20000000.00  | 0.82%             | 2048-04-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Town of Westford MA                                                              | Town of Westford                                                                                                                                   | CUSIP: 960266P99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11116900.30  | 0.46%             | 2026-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series 2021B                                                                                              | CUSIP: 23503CAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36045.02     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                     | State of Kansas Department of Transportation, Series 2025A                                                                                         | CUSIP: 485424TM7<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106758.40   | 0.09%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                              | County of Howard, Series 2017A                                                                                                                     | CUSIP: 44256PGZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46764.39     | 0.00%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kane McHenry Cook & De Kalb Counties Unit School District No. 300/IL             | Kane McHenry Cook and De Kalb Counties Unit School District No. 300, Series 2015                                                                   | CUSIP: 484080SM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20029.02     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Clean Water Initiative Revolving Fund, Series 2019                                                                     | CUSIP: 45204EW53<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261842.83    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water and Power System, Series 2022E                                                                                     | CUSIP: 544532GB4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1376325.27   | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, University of Pittsburgh Medical Center, Series 2016                                        | CUSIP: 70869PLH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56264.74     | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rib Floater Trust Various States                                                 | RIB Floater Trust Various States, Series 2022-046                                                                                                  | CUSIP: 76252PXR5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  31410000 | PA      | $31410000.00  | 1.29%             | 2058-03-01      | Variable      | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Regional Transportation District                                                 | Regional Transportation District, Denver Transit Partners, Series 2020A                                                                            | CUSIP: 759151AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $228583.82    | 0.01%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue               | Trinity River Authority, Central Regional Wastewater System, Series 2016                                                                           | CUSIP: 89658HUE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $209846.34    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | Metropolitan Washington Airports Authority Aviation, Series 2024A                                                                                  | CUSIP: 592647MN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2185600.80   | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | Miami-Dade County Housing Finance Authority, Santa Clara II Apartments, Series 2023                                                                | CUSIP: 593344BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4655000 | PA      | $4662067.69   | 0.19%             | 2026-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton School District/MI                                                        | Fulton School District, Unlimited Tax                                                                                                              | CUSIP: 360432DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $214471.70    | 0.01%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kings Local School District                                                      | Kings Local School District, Unlimited Tax                                                                                                         | CUSIP: 496026ND3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037712.60   | 0.08%             | 2026-07-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX                                                           | County of Fort Bend, Unlimited Tax, Series A                                                                                                       | CUSIP: 346766SZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91089.31     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Manchester NJ                                                        | Township of Manchester, Series 2025A                                                                                                               | CUSIP: 562462PV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6065087.40   | 0.25%             | 2026-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water and Power System, Series 2024C                                                                                     | CUSIP: 544532MC5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    400000 | PA      | $441586.84    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No. 210-Phoenix                       | Maricopa County Union High School District No. 210-Phoenix, Project of 2023, Series 2025B                                                          | CUSIP: 567505SL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1572733.80   | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | Territory of Guam, Series 2025G                                                                                                                    | CUSIP: 40065NCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    475000 | PA      | $503591.34    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2023AA                                                              | CUSIP: 64613CCZ9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1910710.50   | 0.08%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | County of Cuyahoga, Convention Hotel Project                                                                                                       | CUSIP: 23225PAW5<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5529311.70   | 0.23%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                                  | State of Alaska, Series 2024B                                                                                                                      | CUSIP: 0117705T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074943.40   | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series R-2018C                                                                                               | CUSIP: 93974DW61<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51222.92     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Abington MA                                                              | Town of Abington                                                                                                                                   | CUSIP: 003518QK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017655.40   | 0.08%             | 2026-04-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | Geisinger Authority, Health System, Series 2020B                                                                                                   | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8873363.16   | 0.37%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2021A                                                                                                                    | CUSIP: 452153BT5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     85000 | PA      | $92753.76     | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | State of Wisconsin, Series 2016-2                                                                                                                  | CUSIP: 97705MEH4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50865.62     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, General Airport, Senior Lien, Series C                                                                       | CUSIP: 167593VK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $579454.47    | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Cortlandt NY                                                             | Town of Cortlandt                                                                                                                                  | CUSIP: 220741NT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2402807.04   | 0.10%             | 2025-10-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | County of Cuyahoga, Convention Hotel Project                                                                                                       | CUSIP: 23225PAX3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4342217.53   | 0.18%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | New Jersey Turnpike Authority, Series 2005D-2                                                                                                      | CUSIP: 646139ZW8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  16890000 | PA      | $17047985.68  | 0.70%             | 2026-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                      | Kentucky Turnpike Authority, Revitalization Projects, Series B                                                                                     | CUSIP: 491552Q99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130691.99    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Partners Healthcare System Issue, Series 2016Q                                                           | CUSIP: 57584XHS3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    220000 | PA      | $224430.71    | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Carlstadt NJ                                                          | Borough of Carlstadt                                                                                                                               | CUSIP: 142825HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8590796.15   | 0.35%             | 2026-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Unity Point Health, Series 2014A                                                            | CUSIP: 97670FBA8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175169.65    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | County of Clark, Series 2018B                                                                                                                      | CUSIP: 180848XS7<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51650.69     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, The Evangelical Lutheran Good Samaritan Society Project, Series 2017                                         | CUSIP: 19648FDG6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    190000 | PA      | $197958.21    | 0.01%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Swedish Covenant Hospital, Series 2016A                                                                                | CUSIP: 45204EQA9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1134085.78   | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | County of Bexar, Limited Tax, Series 2017                                                                                                          | CUSIP: 088281ZX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036708.00   | 0.08%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2025, Series 2025C, Subseries C-1                                    | CUSIP: 64972JLR7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3762037.80   | 0.15%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Banner Health, Series 2023A-2                                                                    | CUSIP: 56682HDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262911.05    | 0.01%             | 2053-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2016B                                                                                                | CUSIP: 452252LL1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25435.88     | 0.00%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | University of Cincinnati, Series 2019A                                                                                                             | CUSIP: 914119W65<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |     85000 | PA      | $88901.36     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                        | Metropolitan Government of Nashville and Davidson County, Series 2016                                                                              | CUSIP: 592112RL2<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306248.46    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of East Coventry PA                                                     | Township of East Coventry                                                                                                                          | CUSIP: 271862BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $345224.80    | 0.01%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | Commonwealth of Pennsylvania, Series 1ST                                                                                                           | CUSIP: 70914PB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $848032.85    | 0.03%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | State of Wisconsin, Series 2025A                                                                                                                   | CUSIP: 97705MS71<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111863.10   | 0.05%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                        | Florida Department of Management Services, Series 2017A                                                                                            | CUSIP: 341602F54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117929.20    | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2023, Series 2023, Subseries F-1                                                                                     | CUSIP: 64966Q2D1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204793.38    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham Airport Authority                                                     | Birmingham Airport Authority                                                                                                                       | CUSIP: 090888GK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $229724.33    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | Indiana Municipal Power Agency, Power Supply System, Series 2016C                                                                                  | CUSIP: 454898UJ4<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40801.06     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Personal Income Tax, Series 2017BGRP 1                                                                   | CUSIP: 64990FZ80<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85994.58     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                           | Roanoke Economic Development Authority, Carilion Health System Obligated Group, Series 2005A                                                       | CUSIP: 770084GY1<br>LEI: 549300P5QQORJY0U4T83 | Long             | STIV             | MUN               | US        |  30000000 | PA      | $30000000.00  | 1.23%             | 2036-07-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority                                              | Hudson County Improvement Authority, Local Unit Loan Program, Series B-1                                                                           | CUSIP: 443728GN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10107440.00  | 0.42%             | 2026-06-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2018-1                                                                                                  | CUSIP: 64990GES7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20186.26     | 0.00%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | State of Maryland Department of Transportation, Second Issue, Series 2018                                                                          | CUSIP: 574204L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51421.66     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio Electric and Gas Systems, Series 2018A                                                                                         | CUSIP: 79625GAK9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    610000 | PA      | $616846.95    | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Banner Health, Series 2023A-1                                                                    | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7530000 | PA      | $7623201.07   | 0.31%             | 2053-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series 2023B                                                                                              | CUSIP: 23503CCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1349956.88   | 0.06%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St. Paul Metropolitan Airports Commission                            | Minneapolis-St. Paul Metropolitan Airports Commission, Series A                                                                                    | CUSIP: 603827WS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82883.86     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | University of Houston, Series 2016A                                                                                                                | CUSIP: 9143016B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25028.49     | 0.00%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                   | University of Massachusetts Building Authority, Series 2015-1                                                                                      | CUSIP: 914440QD7<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007506.40   | 0.08%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2025, Series 2025A                                                                                                   | CUSIP: 64966SFR2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070853.80   | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | California Health Facilities Financing Authority, Sutter Health, Series 2016A                                                                      | CUSIP: 13032UCG1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35188.82     | 0.00%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water and Power System, Series 2017B                                                                                     | CUSIP: 5444952F0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    515000 | PA      | $528521.99    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2017DDD                                                                                          | CUSIP: 64577BL28<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47086.96     | 0.00%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                  | City of Gainesville, Utilities System, Series 2017A                                                                                                | CUSIP: 362848UA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $803202.34    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Provo City School District Municipal Building Authority                          | Provo City School District Municipal Building Authority, Series 2022                                                                               | CUSIP: 74414LAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $202951.69    | 0.01%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Housing Finance Corp.                                                  | Arlington Housing Finance Corp., Multi Family Housing 6900 Matlock Road, Series 2023                                                               | CUSIP: 041818AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1594904.30   | 0.07%             | 2041-04-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Henry County Hospital Authority                                                  | Henry County Hospital Authority, Piedmont Henry Hospital Project, Series 2014A                                                                     | CUSIP: 426357GG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1391962.26   | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2021, Series 2021A                                                   | CUSIP: 64972JEZ7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20085.47     | 0.00%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., 1998 General Ordinance, Series 14TH                                                                                    | CUSIP: 7178238F8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307218.03    | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Adventist Health System, Series 2018B                                                                        | CUSIP: 19648FGN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2980532.15   | 0.12%             | 2048-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, CWA Authority Project, Series 2021-2                                                                                    | CUSIP: 45505MKE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110427.18    | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series A                                                                                                | CUSIP: 64577BC93<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25753.42     | 0.00%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Webb Union Free School District                                                  | Webb Union Free School District                                                                                                                    | CUSIP: 947508BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3023752.80   | 0.12%             | 2026-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hornell City School District                                                     | Hornell City School District                                                                                                                       | CUSIP: 440614LQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5051455.50   | 0.21%             | 2026-06-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Town of Seekonk MA                                                               | Town of Seekonk                                                                                                                                    | CUSIP: 815730NB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3434794.58   | 0.14%             | 2026-04-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | Orange County School Board, Series 2016C                                                                                                           | CUSIP: 684517RW7<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25577.46     | 0.00%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany-Dougherty Payroll Development Authority                                   | Albany-Dougherty Payroll Development Authority, Procter & Gamble Paper Products, Series 1999                                                       | CUSIP: 012192AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26467.55     | 0.00%             | 2028-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | County of Miami-Dade, Aviation System, Series A                                                                                                    | CUSIP: 59333PT32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $158776.76    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | California Health Facilities Financing Authority, Sutter Health, Series 2016A                                                                      | CUSIP: 13032UCF3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20107.90     | 0.00%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Muskingum OH                                                           | County of Muskingum, Limited Tax                                                                                                                   | CUSIP: 628076NE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8026973.60   | 0.33%             | 2025-12-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | Pennsylvania Turnpike Commission Oil Franchise Tax, Series B                                                                                       | CUSIP: 709221UV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $499281.12    | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York and New Jersey, Consolidated, Series 183                                                                                | CUSIP: 73358WRR7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160286.56    | 0.01%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                        | Tri-County Metropolitan Transportation District of Oregon, Series 2018A                                                                            | CUSIP: 89546RPQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105637.92    | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | State of Connecticut Special Tax, Series B                                                                                                         | CUSIP: 207758WM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $143580.92    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Veterans, Series 2011A                                                                                                             | CUSIP: 882723H51<br>LEI: 549300X9CH74QB747L76 | Long             | STIV             | MUN               | US        |   9275000 | PA      | $9275000.00   | 0.38%             | 2041-06-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Second Tier, Series 2020C                                                                                           | CUSIP: 66285WA30<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75585.50     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | County of Miami-Dade, Series 2016                                                                                                                  | CUSIP: 59333NYQ0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128087.34    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2026                                                                                                                 | CUSIP: 64966SPX8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3867245.20   | 0.16%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Independent School District                                               | Irving Independent School District, Series 2015                                                                                                    | CUSIP: 463813YE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25044.42     | 0.00%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, University of Chicago, Series 2015A                                                                                    | CUSIP: 45204FHD0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  23000000 | PA      | $23046243.80  | 0.95%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | New York City Transitional Finance Authority Building Aid, Series 2019S-2A                                                                         | CUSIP: 64972HT44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26181.82     | 0.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima AZ Sewer System Revenue                                           | County of Pima Sewer System, Series 2020B                                                                                                          | CUSIP: 721876UX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41910.14     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Troy NY                                                                  | City of Troy                                                                                                                                       | CUSIP: 897574D22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013603.20   | 0.08%             | 2026-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | City of Jacksonville, Series 2019A                                                                                                                 | CUSIP: 469487PN6<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105484.30    | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Children's Hospital Obligated Group, Series 2015                                                                             | CUSIP: 254764JT1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20163.07     | 0.00%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series 2016A                                                 | CUSIP: 97712DQF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    350000 | PA      | $356171.13    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                | County of Hays, Series 2017                                                                                                                        | CUSIP: 421020B31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25885.56     | 0.00%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah (The)                                                         | University of Utah (The), Series 2017A                                                                                                             | CUSIP: 915183YK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76841.81     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of East Coventry PA                                                     | Township of East Coventry                                                                                                                          | CUSIP: 271862BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276330.56    | 0.01%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Project 1, Series 2025A                                                                                                          | CUSIP: 29270C6X8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2683620.25   | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of St Lucie FL                                                            | County of St. Lucie, Power and Light Co., Project                                                                                                  | CUSIP: 792070BH6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.41%             | 2028-09-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2018A                                                                                                                    | CUSIP: 452152X22<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    400000 | PA      | $423162.56    | 0.02%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2019, Series 2019E                                                                                                   | CUSIP: 64966MQ51<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    135000 | PA      | $141838.41    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | Virginia College Building Authority Educational Facilities, 21St Century College and Equipment Programs, Series 2020A                              | CUSIP: 92778VJE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $262842.61    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                         | City of Oklahoma City                                                                                                                              | CUSIP: 6785192K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1568310.81   | 0.06%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shenandoah IA                                                            | City of Shenandoah, Iowa Sewer Capital Loan Project                                                                                                | CUSIP: 82311CAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $11986724.82  | 0.49%             | 2026-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois                                                                                                                                  | CUSIP: 452152G70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    695000 | PA      | $701925.88    | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Personal Income Tax, Series 2021E                                                                        | CUSIP: 64990FJ62<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    205000 | PA      | $218304.71    | 0.01%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Personal Income Tax, Series 2016D                                                                        | CUSIP: 64990F4T8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    215000 | PA      | $217515.69    | 0.01%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                              | City of Columbus, Various Purpose, Unlimited Tax, Series 2022B                                                                                     | CUSIP: 199492V30<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1865472.18   | 0.08%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                           | Wisconsin Department of Transportation, Series 2017-1                                                                                              | CUSIP: 977123Q43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46000.81     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Sales Tax, Senior Lien, Series 2016A                                                                                    | CUSIP: 235241RH1<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145890.71    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, General Airport, Senior Lien, Series C                                                                       | CUSIP: 167593C42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41323.81     | 0.00%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                 | State of Florida, State Board of Education, Lottery, Series 2016A                                                                                  | CUSIP: 341507P62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $97144.54     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2016A-3                                                                                                   | CUSIP: 709224RD3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1395695.93   | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Albany OH                                                            | City of New Albany                                                                                                                                 | CUSIP: 641840GE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10002308.00  | 0.41%             | 2025-09-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Transportation State Highway Fund                            | Texas Department of Transportation State Highway Fund, First Tier, Series 2015                                                                     | CUSIP: 88283LJY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56607.26     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 112, Series B                                                                         | CUSIP: 49151FNL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029979.40   | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Altmar-Parish-Williamstown Central School District                               | Altmar-Parish-Williamstown Central School District, Series 2025B                                                                                   | CUSIP: 021501GR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10110573.00  | 0.42%             | 2026-06-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Georgetown TX Utility System Revenue                                     | City of Georgetown, Utilities System, Series 2022                                                                                                  | CUSIP: 373064N67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73460.79     | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2023                                                             | CUSIP: 54811BZX2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20863.61     | 0.00%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                  | State of Nevada, Capital Improvement and Cultural Affairs, Series 2019A                                                                            | CUSIP: 641462FM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $88825.89     | 0.00%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Matanuska-Susitna AK                                                  | Borough of Matanuska-Susitna, Alaska School General Obligation, Series 2025B                                                                       | CUSIP: 5765444E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029041.20   | 0.04%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | Central Texas Regional Mobility Authority, Subordinate Lien, Series 2021C                                                                          | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3379864.91   | 0.14%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Education                                         | State of Florida Department of Education, Series 2018A                                                                                             | CUSIP: 34161CDU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52103.75     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Personal Income Tax, Series 2021A                                                                        | CUSIP: 64990FZF4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    180000 | PA      | $187753.90    | 0.01%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 3 Puyallup                                     | Pierce County School District No. 3 Puyallup, Unlimited Tax, Series 2022B                                                                          | CUSIP: 720390A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35213.17     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                           | West Virginia Commissioner of Highways, Series 2017A                                                                                               | CUSIP: 95649ACM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $125781.04    | 0.01%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue         | City of Indianapolis, Department of Public Utilities Water System, Series 2018A                                                                    | CUSIP: 455412BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82291.31     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Boonton NJ                                                           | Township of Boonton                                                                                                                                | CUSIP: 099320AW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4346329.49   | 0.18%             | 2026-08-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority, Barnabas Health Obligated Group, Series 2019B-3                                             | CUSIP: 645790MD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4617413.19   | 0.19%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Tulane University of Louisiana Project, Series 2020A                                                        | CUSIP: 546399PE0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81093.37     | 0.00%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp.                                               | Mission Economic Development Corp., Republic Services, Inc., Project                                                                               | CUSIP: 605155BM1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2250000 | PA      | $2250247.50   | 0.09%             | 2026-01-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| University of Central Arkansas                                                   | University of Central Arkansas, Student Fee, Series 2020A                                                                                          | CUSIP: 914115S27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209359.92    | 0.01%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston, Airport System, Subordinate Lien, Series 2020B                                                                                    | CUSIP: 442349EE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26170.87     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | Michigan State Building Authority, Series 2016I                                                                                                    | CUSIP: 594615FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024227.60   | 0.04%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2020C                                                                                                 | CUSIP: 93974EDZ6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57092.51     | 0.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | Louisville and Jefferson County Metropolitan Government, Norton Healthcare, Inc., Series 2016A                                                     | CUSIP: 54659LBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76817.61     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                               | City of Fort Worth Water and Sewer System, Series 2015A                                                                                            | CUSIP: 349515TH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25043.38     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Project 3 Electric, Series 2024B                                                                                                 | CUSIP: 29270C6D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139548.25    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | County of Hamilton, Trihealth, Inc. Group Project, Series 2020A                                                                                    | CUSIP: 407272Y56<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    205000 | PA      | $214055.53    | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | City of Austin, Water and Wastewater System, Series 2017                                                                                           | CUSIP: 0524762P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $295232.67    | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Genesee Central School District                                             | West Genesee Central School District                                                                                                               | CUSIP: 952859LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6010899.60   | 0.25%             | 2025-10-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Riley County Unified School District No. 383 Manhattan-Ogden                     | Riley County Unified School District No. 383, Manhattan-Ogden, Series 2018A                                                                        | CUSIP: 766651RE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63060.32     | 0.00%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Water                       | Cleveland Department of Public Utilities Division of Water, Second Lien, Series 2017B                                                              | CUSIP: 186427EU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60501.50     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority, Rental Housing, Series 2024A                                                                         | CUSIP: 59465PEV6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9014846.40   | 0.37%             | 2030-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, College Student Loan, Series 2013B                                                                                                 | CUSIP: 882723DK2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500401.25   | 0.06%             | 2030-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | District of Columbia Housing Finance Agency, Multi Family Housing Edgewood Apartments Project, Series 2023                                         | CUSIP: 25477PPY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5115900.27   | 0.21%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2021A                                                                                               | CUSIP: 13048RAJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | STIV             | MUN               | US        |   3375000 | PA      | $3374791.76   | 0.14%             | 2041-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series 2016                                                                                                    | CUSIP: 735389YF9<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    465000 | PA      | $469859.99    | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Cleveland Clinic Health System, Series 2019F                                                                                        | CUSIP: 677561LD2<br>LEI: 5493005LEB5E170OMX59 | Long             | STIV             | MUN               | US        |  15000000 | PA      | $15000000.00  | 0.62%             | 2052-01-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | Triborough Bridge and Tunnel Authority, Series A                                                                                                   | CUSIP: 89602N6U3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77486.20     | 0.00%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Myers FL Utility System Revenue                                     | City of Fort Myers Utility System, Series 2020A                                                                                                    | CUSIP: 348172UQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70143.89     | 0.00%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Project 1, Series 2017-A                                                                                                         | CUSIP: 29270CT96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262076.30    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | State of Illinois, Sales Tax, Series 2016                                                                                                          | CUSIP: 452227LX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25337.80     | 0.00%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | State of Colorado, Series 2020A                                                                                                                    | CUSIP: 196711SW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26276.94     | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                              | City of Richmond, Series 2017D                                                                                                                     | CUSIP: 76541VSZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25322.49     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Transportation Commission Mobility Fund, Series 2015A                                                                              | CUSIP: 882723ZF9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001719.10   | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | New Jersey Higher Education Student Assistance Authority, Senior Student Loan Immediate Delivery, Series 2025-2                                    | CUSIP: 646080YZ8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9117239.40   | 0.38%             | 2056-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                         | Maine Turnpike Authority                                                                                                                           | CUSIP: 560551SB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111836.70   | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2025, Series 2025C, Subseries C-1                                    | CUSIP: 64972JLT3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2182354.20   | 0.09%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, State System Higher Education, Series 2017AU-2                                               | CUSIP: 70917TQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36598.86     | 0.00%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Solid Waste Disposal, Republic Services, Inc., Project, Series 2019A                        | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   7500000 | PA      | $7500516.00   | 0.31%             | 2034-04-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 52-C                                                                       | CUSIP: 6582074F9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | STIV             | MUN               | US        |   9500000 | PA      | $9500000.00   | 0.39%             | 2049-07-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | County of Cuyahoga, Series 2020D                                                                                                                   | CUSIP: 232263LV3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150885.69    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien                                                                                                                 | CUSIP: 735389YG7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    165000 | PA      | $166703.67    | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Harris County Regional Water Authority                                     | North Harris County Regional Water Authority, Senior Lien, Series 2016                                                                             | CUSIP: 65956NGS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $195489.80    | 0.01%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MA                                                           | City of Springfield                                                                                                                                | CUSIP: 850752XC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6059226.60   | 0.25%             | 2026-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Hospital Trinity Health Credit Group, Series 2017A-MI                                                                  | CUSIP: 59447TQF3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    140000 | PA      | $147706.30    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | City and County Honolulu, Series D                                                                                                                 | CUSIP: 438687BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71825.50     | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado River Municipal Water District                                          | Colorado River Municipal Water District                                                                                                            | CUSIP: 196558SG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100780.66    | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | New Jersey Transportation Trust Fund Authority, Transportation System                                                                              | CUSIP: 646136ET4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2968052.50   | 0.12%             | 2030-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2024A                                                                                                   | CUSIP: 65000BW53<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028572.00   | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bergen County Improvement Authority (The)                                        | Bergen County Improvement Authority (The), Guaranteed Government Pooled Project, Series 2025A                                                      | CUSIP: 083773EC1<br>LEI: 549300GA3U8F8Z1HOS09 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14138811.40  | 0.58%             | 2026-05-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Piedmont Municipal Power Agency                                                  | Piedmont Municipal Power Agency, Series 2015A                                                                                                      | CUSIP: 720175XW3<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1302082.08   | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach NY                                                            | City of Long Beach, Series 2024B                                                                                                                   | CUSIP: 542519FY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9175000 | PA      | $9181460.12   | 0.38%             | 2025-09-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Grady Independent School District                                                | Grady Independent School District, Unlimited Tax, Series 2018B                                                                                     | CUSIP: 384217BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45483.66     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Building Authority                                                    | New Jersey Building Authority, Series 2016A                                                                                                        | CUSIP: 645771ZK5<br>LEI: 549300YJLPPJFRLYB368 | Long             | DBT              | MUN               | US        |    900000 | PA      | $918464.31    | 0.04%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | Great Lakes Water Authority, Water Supply System, Second Lien, Series 2018A                                                                        | CUSIP: 39081JBS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $219488.58    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Project 1, Series 2024B                                                                                                          | CUSIP: 29270C6C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048305.20   | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                                | Plano Independent School District, Unlimited Tax                                                                                                   | CUSIP: 727199E23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1947589.20   | 0.08%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winchester Economic Development Authority                                        | Winchester Economic Development Authority, Valley Health System Obligated Group, Series 2024B-2                                                    | CUSIP: 973122AW4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.21%             | 2054-01-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                   | State of Maine, Series 2022B                                                                                                                       | CUSIP: 56052AG91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66296.46     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2019C                                                                                                 | CUSIP: 93974D6F0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    145000 | PA      | $146572.74    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Central Arkansas                                                   | University of Central Arkansas, Student Fee, Series 2020A                                                                                          | CUSIP: 914115R93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $225519.47    | 0.01%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | University of Houston, Series 2017C                                                                                                                | CUSIP: 914302ET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40438.74     | 0.00%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX                                                           | County of Fort Bend, Unlimited Tax, Series A                                                                                                       | CUSIP: 346766TA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $96202.92     | 0.00%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                               | Austin Independent School District, Unlimited Tax, Series 2019                                                                                     | CUSIP: 052430QD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37450.51     | 0.00%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Sales Tax, Series 2016A                                                                                  | CUSIP: 64990AUM5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     85000 | PA      | $87284.38     | 0.00%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                      | Kentucky Turnpike Authority, Revitalization Projects, Series B                                                                                     | CUSIP: 491552Q73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91836.70     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | Commonwealth Financing Authority, Tobacco Master Settlement Payment                                                                                | CUSIP: 20282EAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1946200.26   | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Columbia Generating Station, Series 2025A                                                                                        | CUSIP: 29270C6H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2627149.68   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | Duval County Public Schools, Series 2022A                                                                                                          | CUSIP: 267169HB9<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |     95000 | PA      | $101659.91    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                        | Grand River Dam Authority, Series 2014A                                                                                                            | CUSIP: 386442VJ3<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |    405000 | PA      | $405725.92    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, State Revolving Fund Program, Series 2017C                                                                              | CUSIP: 45506DJ22<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72504.31     | 0.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Dallas TX                                                              | County of Dallas                                                                                                                                   | CUSIP: 234650NK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35863.95     | 0.00%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horry County School District/SC                                                  | Horry County School District, Series 2015A                                                                                                         | CUSIP: 440673G54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185321.20    | 0.01%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | State of Nevada Department of Business and Industry, Republic Services, Inc. Project, Series 2001                                                  | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000273.30   | 0.04%             | 2026-12-01      | Variable      | 3.95%                 | Yes           |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, First Tier, Series A                                                                                                | CUSIP: 66285WVQ6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    245000 | PA      | $247072.11    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | Kansas Development Finance Authority, State of Kansas Project, Series 2020R                                                                        | CUSIP: 48542RLG7<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155631.18    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Second Tier, Series 2019B                                                                                           | CUSIP: 66285WZL3<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    215000 | PA      | $231924.11    | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Henry Ford Health System, Series 2016                                                                                  | CUSIP: 59447TMB6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1318733.57   | 0.05%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | County of Cook, Series 2016A                                                                                                                       | CUSIP: 213185KH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2877923.72   | 0.12%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, State Infrastructure Project, Series 2016-1                                                                                         | CUSIP: 677581GG9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100715.93    | 0.00%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Fanwood NJ                                                            | Borough of Fanwood, Series 2025A                                                                                                                   | CUSIP: 307315LL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4023526.00   | 0.17%             | 2026-02-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bergen County Improvement Authority (The)                                        | Bergen County Improvement Authority (The), Guaranteed Government Pooled Project                                                                    | CUSIP: 083773EB3<br>LEI: 549300GA3U8F8Z1HOS09 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20032848.00  | 0.82%             | 2025-10-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                                        | Jersey City Municipal Utilities Authority, Water Project, Series 2025A                                                                             | CUSIP: 476624DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4563488.25   | 0.19%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                       | City and County of Denver, Wellington E. Webb Municipal Office Building                                                                            | CUSIP: 249183YM0<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30896.67     | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Owego Apalachin Central School District                                          | Owego Apalachin Central School District, Series 2025A                                                                                              | CUSIP: 690632HU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2527091.50   | 0.10%             | 2026-07-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Personal Income Tax, General Purpose, Series 2018A                                                       | CUSIP: 64990F4W1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20294.56     | 0.00%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Touro College and University System                                                                            | CUSIP: 64990H6X3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    615000 | PA      | $651637.89    | 0.03%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure and Economic Development Bank, Bay Area Toll Bridge First Lien, Series 2003A                                             | CUSIP: 13033WLB7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26703.31     | 0.00%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of North Plainfield NJ                                                   | Borough of North Plainfield                                                                                                                        | CUSIP: 661581HL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5014601.50   | 0.21%             | 2025-11-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                               | Tobacco Settlement Financing Corp., Series 2018A                                                                                                   | CUSIP: 888808HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1099251.07   | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2019C                                                                                                | CUSIP: 452252PF0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    400000 | PA      | $432418.64    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | Shelby County Health Educational and Housing Facilities Board, Baptism Memorial Health Obligated Group                                             | CUSIP: 821691AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2156102.80   | 0.09%             | 2044-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2008, Series 2018 J-11                                                                                               | CUSIP: 64966QBK5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     85000 | PA      | $87037.19     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Sales Tax, Senior Lien, Series 2016A                                                                                    | CUSIP: 235241RT5<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65399.28     | 0.00%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | Commonwealth of Pennsylvania, Series 2025A                                                                                                         | CUSIP: 70914P4N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11833806.60  | 0.49%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                               | Board of Regents of the University of Texas System, Series 2016D                                                                                   | CUSIP: 91514AEA9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307548.57    | 0.01%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | Essex County Improvement Authority, Family Court Building Project                                                                                  | CUSIP: 296807MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5572107.75   | 0.23%             | 2026-03-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp. for Pickens School District                   | SCAGO Educational Facilities Corp. for Pickens School District, Installment Purchase Project, Series 2015                                          | CUSIP: 80585TCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3425380.34   | 0.14%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Solid Waste Authority                                          | Palm Beach County Solid Waste Authority, Series 2015                                                                                               | CUSIP: 696560KB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80244.73     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Charlton MA                                                              | Town of Charlton                                                                                                                                   | CUSIP: 161123GH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5556275.45   | 0.23%             | 2026-04-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue               | Trinity River Authority, Central Regional Wastewater System, Series 2017                                                                           | CUSIP: 89658HVD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26138.66     | 0.00%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Sales Tax, Senior Lien, Series 2016A                                                                                    | CUSIP: 235241RR9<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25153.57     | 0.00%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Tulane University of Louisiana Project, Series 2020A                                                        | CUSIP: 546399PC4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20260.67     | 0.00%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio Electric and Gas Systems, Series 2016                                                                                          | CUSIP: 7962535K4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    175000 | PA      | $176964.29    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2023D                                                                                                                    | CUSIP: 452153GB9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8154083.20   | 0.34%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2017D                                                                                                                    | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1139960.90   | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                    | Florida Housing Finance Corp., Culmer Apartments, Series 2023C                                                                                     | CUSIP: 34074HGY2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3743236.48   | 0.15%             | 2026-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | State of Maryland Department of Transportation, Series 2017                                                                                        | CUSIP: 574204F81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250288.30    | 0.01%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gary Community School Building Corp.                                             | Gary Community School Building Corp., Ad Valorem Property Tax First Mortgage, Series 2020B                                                         | CUSIP: 366754DG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $237446.35    | 0.01%             | 2026-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series 2022A                                                                                                   | CUSIP: 735389S74<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    145000 | PA      | $156100.29    | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                      | Development Authority of Burke County (The), Georgia Power Co. Plant Vogtle Project, Series 2012-2                                                 | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2250000 | PA      | $2261913.98   | 0.09%             | 2049-12-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | Miami-Dade County Expressway Authority, Toll System, Series 2016A                                                                                  | CUSIP: 593338AS5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101761.06    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Intermountain Healthcare, Series 2022B                                                                       | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1737003.90   | 0.07%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2024C                                                                                                                 | CUSIP: 25476FH50<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5294971.50   | 0.22%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series FH                                                                                                                         | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71813.06     | 0.00%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                               | Tobacco Settlement Financing Corp., Series 2018A                                                                                                   | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $340211.29    | 0.01%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | Virginia College Building Authority Educational Facilities, 21St Century College and Equipment Programs, Series 2017A                              | CUSIP: 92778WEW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52639.66     | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                              | City and County Honolulu, Series A                                                                                                                 | CUSIP: 438701G99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20271.50     | 0.00%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | Southeastern Pennsylvania Transportation Authority, Series 2017                                                                                    | CUSIP: 842039DU0<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |     80000 | PA      | $83329.59     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2019                                                             | CUSIP: 54811BSM4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     80000 | PA      | $85158.41     | 0.00%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio Electric and Gas Systems, Series 2017                                                                                          | CUSIP: 7962536D9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55617.35     | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | City of Houston, Series 2017A                                                                                                                      | CUSIP: 442331U44<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    265000 | PA      | $274506.24    | 0.01%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                               | Illinois Municipal Electric Agency, Power Supply System                                                                                            | CUSIP: 452024JD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3200872.00   | 0.13%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Yakima Valley Memorial Hospital Association                                                           | CUSIP: 93978HRG2<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1060025.43   | 0.04%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | California Health Facilities Financing Authority, Sutter Health, Series 2016A                                                                      | CUSIP: 13032UCL0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30161.84     | 0.00%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                               | City of Fort Worth Water and Sewer System, Series 2020A                                                                                            | CUSIP: 349515G83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131554.22    | 0.01%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, National Public Radio, Inc., Issue, Series 2016                                                                              | CUSIP: 25483VRJ5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25354.86     | 0.00%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union NC Enterprise System Revenue                                     | County of Union Enterprise System, Series 2021                                                                                                     | CUSIP: 906400FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35697.14     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | County of Miami-Dade, Aviation System, Series B                                                                                                    | CUSIP: 59333PS25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35067.29     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | Long Island Power Authority, Electric System, Series 2023F                                                                                         | CUSIP: 542691HQ6<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21074.17     | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Indiana University Health Obligated Group, Series 2025D-1                                                               | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1612237.20   | 0.07%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | Southeastern Pennsylvania Transportation Authority, Series 2017                                                                                    | CUSIP: 842039DW6<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |    300000 | PA      | $311834.97    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2023, Series 2023, Subseries B-1   | CUSIP: 64972GC44<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.41%             | 2044-06-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, School Facilities Construction, Series 2019GGG                                                          | CUSIP: 64577B6K5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2567052.25   | 0.11%             | 2026-09-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| County of Clark NV                                                               | County of Clark, Motor Vehicle Fuel Tax, Series 2020C                                                                                              | CUSIP: 181000QW3<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    120000 | PA      | $125664.26    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Bernalillo County Water Utility Authority                            | Albuquerque Bernalillo County Water Utility Authority, Series 2018                                                                                 | CUSIP: 013493HX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51070.67     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, New York University, Series 2017A                                                                              | CUSIP: 64990CA92<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26181.82     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                     | Orlando Utilities Commission, Series 2020A                                                                                                         | CUSIP: 686507JP0<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26365.85     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville Water Co.                                                             | Louisville Water Co., Series 2019                                                                                                                  | CUSIP: 54659REA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100517.23    | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2020B                                                                                                     | CUSIP: 709225AF3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    400000 | PA      | $413351.84    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | Allegheny County Higher Education Building Authority, University Refunding Duquesne University, Series 2016                                        | CUSIP: 01728RLQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90977.61     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series F                                                                                                                     | CUSIP: 20772JQ47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75377.67     | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                            | Tennessee State School Bond Authority, Higher Educational Facilities Second Program, Series A                                                      | CUSIP: 880558JF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67001.47     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                   | Nebraska Public Power District, Series A-1                                                                                                         | CUSIP: 63968AZT5<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65115.90     | 0.00%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2018                                                                                                                       | CUSIP: 549188M49<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40450.97     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | Metropolitan Government Nashville and Davidson County, Health and Educational Facilities Board, Northview Project, Series 2023B                    | CUSIP: 592113CR3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1018230.50   | 0.04%             | 2045-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | City and County of Denver, Airport System, Series 2023B                                                                                            | CUSIP: 249182UN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571833.05   | 0.06%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia County School Board                                                     | Escambia County School Board, Series 2020A                                                                                                         | CUSIP: 296141DQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196958.09    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 122, Series A                                                                         | CUSIP: 49151FB90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $274449.66    | 0.01%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                                | Hampton Roads Sanitation District, Series 2024A                                                                                                    | CUSIP: 409327LU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506422.10   | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | State of Connecticut Special Tax, Series 2021D                                                                                                     | CUSIP: 207758F73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103136.71    | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                            | City of Fort Worth, General Obligation                                                                                                             | CUSIP: 349426BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30366.75     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | New Hampshire Health and Education Facilities Authority Act, Series 2015B                                                                          | CUSIP: 64461XJY2<br>LEI: 549300CNCK7OT82W5653 | Long             | STIV             | MUN               | US        |   2500000 | PA      | $2518630.75   | 0.10%             | 2040-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Brasher Falls Central School District                                            | Brasher Falls Central School District                                                                                                              | CUSIP: 105529GM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3535547.05   | 0.15%             | 2026-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | District of Columbia Housing Finance Agency, Paxton Project, Series 2022                                                                           | CUSIP: 25477PPQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3250000.00   | 0.13%             | 2040-09-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2016B                                                                                                | CUSIP: 59261AEV5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40095.83     | 0.00%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Indiana University Health Obligated Group, Series 2023B1                                                                | CUSIP: 45470YFL0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2218349.07   | 0.09%             | 2062-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                             | State of Mississippi, Series 2016B                                                                                                                 | CUSIP: 605581HW0<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516136.30    | 0.02%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | City of Houston Combined Utility System, First Lien, Series 2021A                                                                                  | CUSIP: 44244CJ32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26406.60     | 0.00%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | Texas Water Development Board, State Revolving Fund, Series 2020                                                                                   | CUSIP: 8828542X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $143437.03    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Project No. 4, Series 2022B-2                                                                   | CUSIP: 84136FBC0<br>LEI: 25490090A3RLJHITY273 | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10182621.00  | 0.42%             | 2053-05-01      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series FK                                                                                                                         | CUSIP: 419792RG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78287.97     | 0.00%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                               | Spring Independent School District, Unlimited Tax, Series 2024B                                                                                    | CUSIP: 850001BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544822.40    | 0.02%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Partners Healthcare System Issue, Series O-2                                                             | CUSIP: 57583UY44<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50058.13     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Bernalillo County Water Utility Authority                            | Albuquerque Bernalillo County Water Utility Authority, Senior Lien Joint Water and Sewer System, Series 2015                                       | CUSIP: 013493GQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50086.73     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | General Authority of Southcentral Pennsylvania, Wellspan Health Obligated Group, Series 2019E                                                      | CUSIP: 84129NML0<br>LEI: 549300QBNU5LBV4QX812 | Long             | STIV             | MUN               | US        |  23600000 | PA      | $23600000.00  | 0.97%             | 2035-06-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Birdville Independent School District                                            | Birdville Independent School District, Unlimited Tax, Series 2021                                                                                  | CUSIP: 090874PM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $445220.42    | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2017A                                                                | CUSIP: 342816N92<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71924.20     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                       | City and County of Denver, Series 2024B                                                                                                            | CUSIP: 249164TN4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    600000 | PA      | $614734.50    | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | State of Colorado, Series 2018L                                                                                                                    | CUSIP: 19668QJS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51809.22     | 0.00%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                                | State of Michigan, Series 2016                                                                                                                     | CUSIP: 594612DH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55766.84     | 0.00%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasco County School Board                                                        | Pasco County School Board, Series 2022A                                                                                                            | CUSIP: 702528MZ0<br>LEI: 549300NYEDMC7IDJPE68 | Long             | DBT              | MUN               | US        |     80000 | PA      | $83699.44     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polk County School District                                                      | Polk County School District, Series 2019B                                                                                                          | CUSIP: 731125LC2<br>LEI: 549300N07FMPTRZO0044 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110820.48    | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                        | Maine Municipal Bond Bank, Series 2020A                                                                                                            | CUSIP: 56045RY29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21015.46     | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Sales Tax, Senior Lien, Series 2016A                                                                                    | CUSIP: 235241RK4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30184.28     | 0.00%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No. 1                                      | North Carolina Municipal Power Agency No. 1, Series A                                                                                              | CUSIP: 658203W91<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65544.08     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                           | City of San Antonio                                                                                                                                | CUSIP: 79623PSS5<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2198273.16   | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Sales Tax, Series 2016A                                                                                  | CUSIP: 64990AUN3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35932.12     | 0.00%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | New Jersey Turnpike Authority, Series 2017E                                                                                                        | CUSIP: 646140BW2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033900.30   | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Ascension Senior Credit Group, Series 2010F-7                                                           | CUSIP: 59465HTY2<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2370120.33   | 0.10%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2016                                                                                                                     | CUSIP: 452152G88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154883.57    | 0.01%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | Northwest Independent School District, Unlimited Tax                                                                                               | CUSIP: 6678253D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25285.71     | 0.00%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | Central Florida Expressway Authority, Senior Lien, Series 2019B                                                                                    | CUSIP: 153476FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40838.42     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | Florida Municipal Power Agency, All-Requirements Power Supply Project, Series 2016A                                                                | CUSIP: 342816H99<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71857.96     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Major New State Infrastructure Project, Series 2024-1                                                                               | CUSIP: 677581JS0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1309679.34   | 0.05%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Tech University System                                                     | Texas Tech University System, Series 2017A                                                                                                         | CUSIP: 882806GP1<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111260.14    | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Institutional Tax Free Money Market Fund                                | JPMorgan Institutional Tax Free Money Market Fund, Class IM                                                                                        | CUSIP: 46645V725<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 358818575 | NS      | $358854456.62 | 14.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Clark County School District                                                     | Clark County School District, Limited Tax, Series 2016B                                                                                            | CUSIP: 181059UZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82543.04     | 0.00%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | Kansas Development Finance Authority, AdventHealth, Series 2021B                                                                                   | CUSIP: 48542AFH9<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5968235.28   | 0.25%             | 2054-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tomball Independent School District                                              | Tomball Independent School District, Unlimited Tax                                                                                                 | CUSIP: 889855Z62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $638070.78    | 0.03%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2022                                                             | CUSIP: 54811BYA3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     85000 | PA      | $88554.34     | 0.00%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Auburn School District No. 408 of King & Pierce Counties                         | Auburn School District No. 408 of King and Pierce Counties, Unlimited Tax, Series 2020                                                             | CUSIP: 494619FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25149.14     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2019, Series A                                                                                                       | CUSIP: 64966ME39<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    120000 | PA      | $122876.03    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | Commonwealth Financing Authority, Series 2019B                                                                                                     | CUSIP: 20281PLA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $380254.99    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Bon Secours Mercy Health, Inc., Series 2025B-1                                                 | CUSIP: 83703EMV4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2186931.60   | 0.09%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021C                                                                                                             | CUSIP: 74442PL52<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2101977.00   | 0.09%             | 2041-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2019C                                                                                                | CUSIP: 452252PD5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    165000 | PA      | $170902.07    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2019                                                                                     | CUSIP: 71781QEZ7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1612594.84   | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Junior Lien, Water System, Series 2014B                                                                   | CUSIP: 71883RNK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170295.95    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton School District/MI                                                        | Fulton School District, Unlimited Tax                                                                                                              | CUSIP: 360432DK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $221859.90    | 0.01%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2025C                                                                                                 | CUSIP: 93974E6G6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25271.16     | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Howell NJ                                                            | Township of Howell                                                                                                                                 | CUSIP: 443157MJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507756.35   | 0.06%             | 2026-02-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Clean Water Fund - State Revolving Fund                     | State of Connecticut Clean Water Fund, State Revolving Fund, Series 2015A                                                                          | CUSIP: 20775YBX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40072.62     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | California Community Choice Financing Authority, Green Bond, Series 2022A-2                                                                        | CUSIP: 13013JBK1<br>LEI: 549300X8VKJ215S2R571 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5028256.00   | 0.21%             | 2053-05-01      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                 | State of New Mexico Severance Tax Permanent Fund, Series 2021A                                                                                     | CUSIP: 6473103S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69681.70     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | Missouri Development Finance Board, Procter & Gamble Co. Project, Series 1999                                                                      | CUSIP: 60636LAA7<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    700000 | PA      | $746882.64    | 0.03%             | 2029-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Solid Waste Authority                                          | Palm Beach County Solid Waste Authority, Series 2015                                                                                               | CUSIP: 696560KA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250792.85    | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | Pennsylvania Turnpike Commission Oil Franchise Tax, Series A                                                                                       | CUSIP: 709221UC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25159.11     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                        | City of Vernon, Electric System, Series 2021A                                                                                                      | CUSIP: 924397EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79076.02     | 0.00%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Intermountain Healthcare, Series 2022C                                                                       | CUSIP: 19648FVL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1381916.25   | 0.06%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portsmouth VA                                                            | City of Portsmouth, Series 2017A                                                                                                                   | CUSIP: 73723RYJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71630.01     | 0.00%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | State of Oregon, Article XI-G Project, Series 2025G                                                                                                | CUSIP: 68609USA4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3576388.94   | 0.15%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chattanooga Electric                                                     | City of Chattanooga Electric, Series A                                                                                                             | CUSIP: 162393EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750000.00   | 0.07%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Croton-Harmon Union Free School District                                         | Croton-Harmon Union Free School District, Series 2025A                                                                                             | CUSIP: 227777GZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20229400.00  | 0.83%             | 2026-06-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2023D                                                                                                                    | CUSIP: 452153GC7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     90000 | PA      | $93768.17     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado Hospital Authority                                        | University of Colorado, Hospital Authority, Series 2018C                                                                                           | CUSIP: 914183BL1<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.41%             | 2039-11-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, School Districts Financing Program, Series 2025A                                                               | CUSIP: 64985SCY7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2638153.25   | 0.11%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Electric Light & Power System Revenue                         | City of Lubbock, Electric Light and Power System, Series 2021                                                                                      | CUSIP: 549203WX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53247.12     | 0.00%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                              | City of Columbus, Various Purpose, Unlimited Tax, Series 2017-1                                                                                    | CUSIP: 199492VK2<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4198234.00   | 0.17%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Transportation Commission Mobility Fund                                                                                            | CUSIP: 8827242E6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1341421.92   | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin County School District No. 1 Pasco                                      | Franklin County School District No. 1 Pasco, Unlimited Tax, Series 2015                                                                            | CUSIP: 353442ZY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3604341.60   | 0.15%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | Michigan Strategic Fund, Consumers Co. Project, Series 2019                                                                                        | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1300000 | PA      | $1283617.92   | 0.05%             | 2049-10-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | Louisville and Jefferson County Metropolitan Government, Louisville Gas and Electric Co. Project, Series 2001A                                     | CUSIP: 546749AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4877042.00   | 0.20%             | 2026-09-01      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | Florida Local Government Finance Commission, Fleet Landing at Nocatee Project                                                                      | CUSIP: 34077UAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3515129.80   | 0.14%             | 2030-11-15      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | City of Houston, Combined Utility System, First Lien, Series 2014D                                                                                 | CUSIP: 4424355Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20034.45     | 0.00%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tucson AZ                                                                | City of Tucson, Series 2018A                                                                                                                       | CUSIP: 898711W69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $331986.43    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | New Mexico Mortgage Finance Authority, Santee Apartments and Sangre De Cristo Project                                                              | CUSIP: 64719HEP1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1001330.90   | 0.04%             | 2042-02-01      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Sales Tax, Series 2024A                                                                                        | CUSIP: 65000BW61<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1160787.43   | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | State of Colorado, Series 2018A                                                                                                                    | CUSIP: 196711QX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21163.45     | 0.00%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alexandria Redevelopment & Housing Authority                                     | Alexandria Redevelopment and Housing Authority, Multi-Family Housing 431 S Columbus State Block 4, Series 2024                                     | CUSIP: 015330FB4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1501683.45   | 0.06%             | 2054-12-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Town of Middleborough MA                                                         | Town of Middleborough                                                                                                                              | CUSIP: 596051A44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7554000 | PA      | $7561987.60   | 0.31%             | 2025-09-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                               | Tennessee Energy Acquisition Corp., Commodity Project, Series 2021A                                                                                | CUSIP: 88044TAE9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    350000 | PA      | $357114.87    | 0.01%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                           | Lewisville Independent School District, Unlimited Tax, Series 2023                                                                                 | CUSIP: 52882PFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $845758.57    | 0.03%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, School Districts Financing Program, Series 2025A                                                               | CUSIP: 64985SCZ4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080504.80   | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | State of Oregon, Article XI-M Seismic Project & Article XI-Q State Project, Series F                                                               | CUSIP: 68609BSM0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30516.88     | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | Las Vegas Valley Water District, Series 2016B                                                                                                      | CUSIP: 517845BL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50804.65     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gary Community School Building Corp.                                             | Gary Community School Building Corp., Ad Valorem Property Tax First Mortgage, Series 2020B                                                         | CUSIP: 366754DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220917.71    | 0.01%             | 2026-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | County of Miami-Dade, Building Better Communities Program, Series 2016A                                                                            | CUSIP: 59333FWZ9<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20979.21     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Housing Authority                                                        | Raleigh Housing Authority, Toulun Place                                                                                                            | CUSIP: 751115BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4170627.99   | 0.17%             | 2026-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florence Independent School District                                             | Florence Independent School District, Unlimited Tax                                                                                                | CUSIP: 340369FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115017.38    | 0.00%             | 2027-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2018A                                                                                                                    | CUSIP: 4521522K6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209478.96    | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series R-2017A                                                                                               | CUSIP: 93974DWZ7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40921.03     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                                   | Empire State Development Corp., State Personal Income Tax, General Purpose, Series 2016A                                                           | CUSIP: 650035U30<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25368.20     | 0.00%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Banner Health, Series 2019D                                                                      | CUSIP: 56682HCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1168386.32   | 0.05%             | 2046-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2024C                                                                                                 | CUSIP: 93974ES64<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    260000 | PA      | $262820.09    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health and Educational Facilities Authority of the State of Missouri, Mercy Health, Series 2018A                                                   | CUSIP: 60637ANA6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21237.59     | 0.00%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Public Utilities Commission                                             | Missouri Public Utilities Commission                                                                                                               | CUSIP: 606374AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7281203.28   | 0.30%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No. 46 Oregon Trail                             | Clackamas County School District No. 46 Oregon Trail, Series 2017                                                                                  | CUSIP: 179126DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562120.10   | 0.06%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health and Educational Facilities Authority of the State of Missouri, St. Luke's Health System, Inc.                                               | CUSIP: 60637AKP6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30148.03     | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                                            | Keller Independent School District, Unlimited Tax, Series 2014A                                                                                    | CUSIP: 487694ML2<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25045.54     | 0.00%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | City of Houston, Series 2017A                                                                                                                      | CUSIP: 442331U28<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30395.12     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2020A                                                                                                 | CUSIP: 93974EAE6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     85000 | PA      | $89361.93     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Convention Center/Orlando                                          | Orange County Convention Center, Series 2017                                                                                                       | CUSIP: 684545A71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $215774.41    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Trinity Health Credit Group, Series 2008C                                                               | CUSIP: 59465HUL8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100551.54    | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | Duval County Public Schools, Series 2022A                                                                                                          | CUSIP: 267169HA1<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |    235000 | PA      | $246030.36    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2021B                                                                                                                    | CUSIP: 452153BC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129306.81    | 0.01%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mahoning OH                                                            | County of Mahoning, Limited Tax Various Tax                                                                                                        | CUSIP: 5600582D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3844260.48   | 0.16%             | 2025-10-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                            | City of Somerville, Series 2025B                                                                                                                   | CUSIP: 835241MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11729237.55  | 0.48%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lansingburgh Central School District at Troy                                     | Lansingburgh Central School District at Troy                                                                                                       | CUSIP: 516498GZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5043832.00   | 0.21%             | 2026-07-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                        | Golden State Tobacco Securitization Corp., Series 2017A-1                                                                                          | CUSIP: 38122NZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91843.48     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                                            | School District of Philadelphia (The), Series 2019A                                                                                                | CUSIP: 717883VW9<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74628.78     | 0.00%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Denton TX Utility System Revenue                                         | City of Denton, Utility System, Series 2017                                                                                                        | CUSIP: 249015B98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $231774.48    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government Utility System Revenue           | Wyandotte County-Kansas City Unified Government Utility System, Series 2014A                                                                       | CUSIP: 982674JQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000730.80   | 0.04%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Altoona Area School District                                                     | Altoona Area School District                                                                                                                       | CUSIP: 021807KT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25153.57     | 0.00%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Industrial Development Board                               | Memphis-Shelby County Industrial Development Board, Series 2017B                                                                                   | CUSIP: 586108AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120465.78    | 0.00%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | Commonwealth Financing Authority, Tobacco Master Settlement Payment                                                                                | CUSIP: 20282EAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2327406.18   | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                       | City and County of Denver, Series 2024A                                                                                                            | CUSIP: 249164SW5<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    700000 | PA      | $717190.25    | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | New York City Water and Sewer System, Second General Resolution, Series BB 1B                                                                      | CUSIP: 64972GMK7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.41%             | 2049-06-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | State of Illinois, Sales Tax, Series 2013                                                                                                          | CUSIP: 452227HA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254174.25   | 0.05%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sherman Central School District                                                  | Sherman Central School District                                                                                                                    | CUSIP: 824155EF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5456007.72   | 0.22%             | 2026-06-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                     | County of DeKalb, Water and Sewerage, Series 2006B                                                                                                 | CUSIP: 240523UJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30945.33     | 0.00%             | 2026-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, State Clean Water Initiative, Series 2016                                                                              | CUSIP: 45204EKC1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20166.08     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Series 2017V                                                                                                                        | CUSIP: 677522VG6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102944.00    | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                      | JEA Electric System, Series 2017B                                                                                                                  | CUSIP: 46613SFU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78862.81     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canisteo-Greenwood Central School District                                       | Canisteo-Greenwood Central School District                                                                                                         | CUSIP: 137590CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3028905.30   | 0.12%             | 2026-06-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2002B                                                             | CUSIP: 546398DJ4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30631.04     | 0.00%             | 2032-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, State Clean Water Initiative, Series 2017                                                                              | CUSIP: 45204EXT0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20695.13     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                        | Grand River Dam Authority, Series 2016A                                                                                                            | CUSIP: 386442WP8<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30832.38     | 0.00%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | Miami-Dade County Housing Finance Authority, Quail Roost Transit Village, Series 2023                                                              | CUSIP: 593344BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2250000.00   | 0.09%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health and Educational Facilities Authority of the State of Missouri, St. Louis University                                                         | CUSIP: 60637AKS0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71213.16     | 0.00%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., The Young Men's and Women's Hebrew Association Project, Series 2024                                                      | CUSIP: 12008EVX1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5263726.50   | 0.22%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Independent School District No. 1 Tulsa                             | Tulsa County Independent School District No. 1 Tulsa, Series 2025A                                                                                 | CUSIP: 899525WQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2897009.36   | 0.12%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                 | University of North Texas System, Series 2017A                                                                                                     | CUSIP: 914729RS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129759.13    | 0.01%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | County of Miami-Dade, Water and Sewer System, Series 2021                                                                                          | CUSIP: 59334DMU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $774695.15    | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | Palm Beach County School District, Series 2017A                                                                                                    | CUSIP: 696550C26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $188875.73    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                                        | Delaware County Authority, Cabrini University                                                                                                      | CUSIP: 245913MP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1706036.57   | 0.07%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                          | Louisa Industrial Development Authority, Electric and Power Co. Project                                                                            | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000680.40   | 0.04%             | 2035-11-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                                      | Ohio State University (The), Series 2021A                                                                                                          | CUSIP: 677632L41<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    225000 | PA      | $232315.40    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington Motor Vehicle Fuel Tax, Series R-2021A                                                                                         | CUSIP: 93974EDC7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    125000 | PA      | $130779.43    | 0.01%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County School Board (The)                                                    | Lee County School Board (The), Series 2020A                                                                                                        | CUSIP: 523494QQ8<br>LEI: 54930014H67DITNA1Q29 | Long             | DBT              | MUN               | US        |    260000 | PA      | $266017.02    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2017A                                                                                                                    | CUSIP: 452152S77<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     90000 | PA      | $94785.84     | 0.00%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series 2016A                                                 | CUSIP: 97712DQH2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    595000 | PA      | $604307.64    | 0.02%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health and Educational Facilities Authority of the State of Missouri, Mercy Health, Series 2018A                                                   | CUSIP: 60637ANB4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42835.74     | 0.00%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX                                                               | City of Garland, Series 2018                                                                                                                       | CUSIP: 3661194C6<br>LEI: 549300O5KXJ5HAWVEN53 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77639.69     | 0.00%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | Orange County Health Facilities Authority, Orlando Health Obligated Group, Series 2019B                                                            | CUSIP: 68450LGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51396.52     | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health and Educational Facilities Authority, Ascension Health Credit Group, Series 2016A                                                 | CUSIP: 97712DQG4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    515000 | PA      | $523302.88    | 0.02%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                           | Lewisville Independent School District, Unlimited Tax                                                                                              | CUSIP: 52882PHD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2418703.65   | 0.10%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Water System Revenue                                      | City of New Orleans, Water System, Series 2015                                                                                                     | CUSIP: 647753LT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25150.44     | 0.00%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horry County School District/SC                                                  | Horry County School District, Series 2015A                                                                                                         | CUSIP: 440673G62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25045.04     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha School District                                                            | Omaha School District, Series 2016                                                                                                                 | CUSIP: 259291ND0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1956304.98   | 0.08%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | City of Philadelphia, Series 2019B                                                                                                                 | CUSIP: 717813XC8<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42459.81     | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                                         | Western Minnesota Municipal Power Agency, Red Rock Hydroelectric Project, Series 2018A                                                             | CUSIP: 958697KG8<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40333.00     | 0.00%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, State Revolving Fund, Series 2016                                                                                          | CUSIP: 46246K2Y7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     95000 | PA      | $97306.13     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Middle NJ                                                            | Township of Middle, General Improvement Sewer Utility                                                                                              | CUSIP: 596010JJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5225000 | PA      | $5225182.88   | 0.21%             | 2025-09-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Borough of East Rutherford NJ                                                    | Borough of East Rutherford                                                                                                                         | CUSIP: 274785JB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8564305.05   | 0.35%             | 2026-04-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | County of Broward, Airport System, Series A                                                                                                        | CUSIP: 114894WA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001109.20   | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | New York State Housing Finance Agency, State Personal Income Tax, Series 2024A-2                                                                   | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2010200.80   | 0.08%             | 2054-06-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2019                                                                                                      | CUSIP: 709224L31<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155986.45    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tippecanoe School Corp.                                                          | Tippecanoe School Corp., Series 2024B                                                                                                              | CUSIP: 887870FH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2854529.03   | 0.12%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lyons Central School District                                                    | Lyons Central School District                                                                                                                      | CUSIP: 552279KZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3030122.10   | 0.12%             | 2026-06-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                   | Florida Department of Environmental Protection, Series 2019B                                                                                       | CUSIP: 34160WE34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47148.25     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2024A                                                                                                   | CUSIP: 65000BW46<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1803513.06   | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                           | University of Kentucky, General Receipts, Series 2015B                                                                                             | CUSIP: 914378JE5<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70110.34     | 0.00%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Dauphin PA                                                             | County of Dauphin, Series 2020A                                                                                                                    | CUSIP: 238253Q50<br>LEI: 549300E86X2H9JIHEX42 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26401.28     | 0.00%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                           | City of San Antonio, General Improvement                                                                                                           | CUSIP: 79623PCU7<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    145000 | PA      | $152189.98    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | Long Island Power Authority, Electric System                                                                                                       | CUSIP: 542691DY3<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25000000.00  | 1.03%             | 2025-09-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FYI Properties                                                                   | FYI Properties, State of Washington District Project, Series 2019                                                                                  | CUSIP: 302716BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46970.76     | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | County of Harris Toll Road, Series 2023A                                                                                                           | CUSIP: 41423PCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $947616.67    | 0.04%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | State of Maryland, Series 2016                                                                                                                     | CUSIP: 574193MV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130105.07    | 0.01%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | Clark County School District, Limited Tax, Series 2018A                                                                                            | CUSIP: 181059ZN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63944.48     | 0.00%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | New Jersey Turnpike Authority, Series 2005D-3                                                                                                      | CUSIP: 646139ZX6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    900000 | PA      | $908418.42    | 0.04%             | 2026-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Township of East Windsor NJ                                                      | Township of East Windsor                                                                                                                           | CUSIP: 276032FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7218451 | PA      | $7223179.81   | 0.30%             | 2025-09-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | City of St. Louis Airport, Series 2005                                                                                                             | CUSIP: 791638VF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $247838.07    | 0.01%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Burlington County Bridge Commission                                              | Burlington County Bridge Commission, Government Leasing Program, Series 2024D                                                                      | CUSIP: 121651PZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4315532.46   | 0.18%             | 2025-12-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp. for Pickens School District                   | SCAGO Educational Facilities Corp. for Pickens School District                                                                                     | CUSIP: 80585TCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80120.81     | 0.00%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Johnson City NY                                                       | Village of Johnson City, Series 2024C                                                                                                              | CUSIP: 478232QY0<br>LEI: 549300LRO82Q9UD0VD27 | Long             | DBT              | MUN               | US        |  12425000 | PA      | $12433231.56  | 0.51%             | 2025-09-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025F, Subseries F-1                       | CUSIP: 64972JPW2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2202495.00   | 0.09%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | Long Island Power Authority, Electric System                                                                                                       | CUSIP: 542691LD0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.04%             | 2055-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | Virginia Commonwealth Transportation Board, Federal Transportation                                                                                 | CUSIP: 92778UCD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $787292.03    | 0.03%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Second Tier, Series B                                                                                               | CUSIP: 66285WWZ5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20158.20     | 0.00%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | City of Dallas, Series 2017                                                                                                                        | CUSIP: 235219MU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $323578.69    | 0.01%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Intermediate Tax-Free Fund                                              | City of Houston Combined Utility System, First Lien, Series 2015D                                                                                  | CUSIP: 44244CCF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301572.93    | 0.01%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                | Minnesota Health and Education Facilities Authority, Carleton College, Series 2017                                                                 | CUSIP: 60416H3C6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30377.19     | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                        | Ohio Turnpike and Infrastructure Commission, Series 1998A                                                                                          | CUSIP: 67760HCH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1824066.54   | 0.08%             | 2026-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Township of Edison NJ                                                            | Township of Edison, Water Utility, Series 2024B                                                                                                    | CUSIP: 281047M80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8860000 | PA      | $8880873.27   | 0.37%             | 2025-11-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | Clark County School District, Limited Tax, Series 2017A                                                                                            | CUSIP: 181059WX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $198849.82    | 0.01%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Rush University Medical Center Obligated Group, Series 2015A                                                           | CUSIP: 45203HN73<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20020.21     | 0.00%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                              | Houston Independent School District, Limited Tax, Series 2025B                                                                                     | CUSIP: 442403RE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4410710.78   | 0.18%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                        | Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series 2020C-3                                          | CUSIP: 414009PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2411291.27   | 0.10%             | 2032-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Carson City NV                                                                   | Carson City Nevada Hospital, Carson Tahoe Regional Healthcare Project                                                                              | CUSIP: 145810DK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $709439.29    | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarke County Hospital Authority                                                 | Clarke County Hospital Authority, Pidemont Healthcare, Series 2016A                                                                                | CUSIP: 181685JC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25459.90     | 0.00%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                   | Nebraska Public Power District, Series 2016A                                                                                                       | CUSIP: 63968AH40<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60478.88     | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York and New Jersey, Consolidated, Series 246                                                                                | CUSIP: 73358XNF5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8434727.40   | 0.35%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Project 1, Series 2025A                                                                                                          | CUSIP: 29270C6W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1897432.41   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                        | Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series 2024C                                            | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5626725.83   | 0.23%             | 2054-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4 Project, Series 2019A                                                          | CUSIP: 626207W42<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007307.20   | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Oxford MA                                                                | Town of Oxford                                                                                                                                     | CUSIP: 691582HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019230.00   | 0.12%             | 2026-03-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | County of Bexar, Limited Tax                                                                                                                       | CUSIP: 088281A42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25493.19     | 0.00%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2023, Series 2024, Subseries A-1                                                                                     | CUSIP: 64966QE63<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    180000 | PA      | $184722.21    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2024C                                                                                                                 | CUSIP: 25476FH68<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167150.40   | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, School Facilities Construction, Series WW                                                               | CUSIP: 64577BKD5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150183.86    | 0.01%             | 2028-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured Fiscal Year 2022, Series 2020B-1                                                   | CUSIP: 64971XMU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82537.45     | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chattanooga TN Electric Revenue                                          | City of Chattanooga Electric                                                                                                                       | CUSIP: 162393GS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6470841.00   | 0.27%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | Ohio Higher Educational Facility Commission, Case Western Reserve University Project, Series 2018                                                  | CUSIP: 67756DRE8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123886.52    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | Geisinger Authority, Health System, Series 2020C                                                                                                   | CUSIP: 368497JY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079149.00   | 0.04%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                          | County of Montgomery, Dayton Children's Hospital, Series 2021                                                                                      | CUSIP: 613520NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $433687.72    | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 10 Tacoma                                      | Pierce County School District No. 10 Tacoma, Unlimited Tax                                                                                         | CUSIP: 720424ZD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25156.70     | 0.00%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, School Facilities Construction, Series 2024SSS                                                          | CUSIP: 64577XEU6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1461428.78   | 0.06%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | Utah Infrastructure Agency, Tax-Exempt Telecommunications                                                                                          | CUSIP: 917467BQ4<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124927.53    | 0.01%             | 2025-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | Virginia College Building Authority, Series 2023A                                                                                                  | CUSIP: 92778VML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53129.54     | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 124, Series A                                                                         | CUSIP: 49151FK90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25109.69     | 0.00%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series 2017AU-2                                                                              | CUSIP: 70917TQG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5200.63      | 0.00%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                 | State of New Mexico Severance Tax Permanent Fund, Series 2018A                                                                                     | CUSIP: 6473102Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47239.36     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | Hillsborough County Industrial Development Authority, Baycare Health System, Series 2024E                                                          | CUSIP: 43233KAX2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.41%             | 2054-11-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Celina Independent School District                                               | Celina Independent School District, Unlimited Tax, Series 2016                                                                                     | CUSIP: 151145PY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1313503.36   | 0.05%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health and Educational Facilities Authority of the State of Missouri, BJC Health System, Series 2021B                                              | CUSIP: 60637ATQ5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5542669.00   | 0.23%             | 2051-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2024A                                                        | CUSIP: 04052FEN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1389408.67   | 0.06%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Putnam Valley NY                                                         | Town of Putnam Valley, Series 2024B                                                                                                                | CUSIP: 746891BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500819.75   | 0.31%             | 2025-09-05      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Rankin Independent School District                                               | Rankin Independent School District, Unlimited Tax                                                                                                  | CUSIP: 753177EU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264001.88   | 0.05%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | West Virginia Economic Development Authority, Solid Waste Disposal Facilities, Appalachian Power Co. Amos Project, Series 2011A                    | CUSIP: 95648VBG3<br>LEI: 549300WW88TKKF5H1220 | Long             | STIV             | MUN               | US        |   5650000 | PA      | $5650000.00   | 0.23%             | 2041-01-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California, Various Purpose                                                                                                               | CUSIP: 13063DB72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2345253.44   | 0.10%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series 2021A                                                                                                        | CUSIP: 57582RT30<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2202226.20   | 0.09%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | County of Clark, Series 2018                                                                                                                       | CUSIP: 180848YP2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033013.80   | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston Airport System, Subordinate Lien, Series 2018D                                                                                     | CUSIP: 442349CS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68044.27     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | City of Austin Water and Wastewater System, Series 2024                                                                                            | CUSIP: 052477XZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079911.70   | 0.04%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Common School, Series 2025A                                                                                                         | CUSIP: 677523LF7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8362446.00   | 0.34%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                           | City of San Antonio, Combination Tax                                                                                                               | CUSIP: 79623PRR8<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1218221.33   | 0.05%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority                                          | University of Kansas Hospital Authority, Health System, Series 2017A                                                                               | CUSIP: 914367HJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $230116.39    | 0.01%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                                 | State of Alabama, Series 2016C                                                                                                                     | CUSIP: 010411BQ8<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25606.05     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | County of Miami-Dade, Aviation System, Series A                                                                                                    | CUSIP: 59333PS90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179420.83    | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                 | County of Lee, Airport, Series 2021A                                                                                                               | CUSIP: 523470GG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1594171.35   | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County Public Utility District No. 1 Electric Revenue                      | Clark County Public Utility District No. 1 Electric, Series 2024                                                                                   | CUSIP: 181108E49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1657677.28   | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series 2024C                                                                                                 | CUSIP: 93974ES72<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1370220.32   | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health and Educational Facilities Authority, Stamford Hospital, Series L-1                                                       | CUSIP: 20775DKB7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352468.27    | 0.01%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Northwestern Memorial Healthcare, Series 2017A                                                                         | CUSIP: 45204EZP6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     80000 | PA      | $83768.02     | 0.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 112, Series B                                                                         | CUSIP: 49151FNM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $313930.22    | 0.01%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Infrastructure Improvement, Series 2025A                                                                                            | CUSIP: 677523KL5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4440452.40   | 0.18%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025-J, Subseries J-1                      | CUSIP: 64972JTW8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2112176.60   | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA Water & Sewer Revenue                                       | County of Henrico Water and Sewer                                                                                                                  | CUSIP: 426170NE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016612.20   | 0.04%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Oswego IL                                                             | Village of Oswego, Series 2016                                                                                                                     | CUSIP: 688664QB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1389221.71   | 0.06%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Delaware                                                           | University of Delaware, Series 2013C                                                                                                               | CUSIP: 91425MDV6<br>LEI: KPIOJCFMR70NWLS6O145 | Long             | STIV             | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.33%             | 2037-11-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025F, Subseries F-1                       | CUSIP: 64972JPX0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1563243.64   | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Edward Elmhurst Healthcare, Series 2018A                                                                               | CUSIP: 45204EM70<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21207.43     | 0.00%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Public Facilities Corp.                                              | San Antonio Public Facilities Corp., Convention Center Facility Project, Series 2022                                                               | CUSIP: 796334BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21349.24     | 0.00%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                           | Wisconsin Department of Transportation, Series 2017-2                                                                                              | CUSIP: 977123T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102224.03    | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series 2016A                                                                                        | CUSIP: 010268AX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20495.78     | 0.00%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                                    | University System of Maryland, Series 2017A                                                                                                        | CUSIP: 9144025D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40628.12     | 0.00%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Electric Light & Power System Revenue                         | City of Lubbock, Electric Light and Power System, Series 2018                                                                                      | CUSIP: 549203VZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $499860.00    | 0.02%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | Dallas Independent School District, Unlimited Tax                                                                                                  | CUSIP: 235308ZX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25179.08     | 0.00%             | 2026-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Gas Supply, Series 2022D-2                                                                                         | CUSIP: 09182NCC2<br>LEI: 549300I8V0Z68JQCB679 | Long             | STIV             | MUN               | US        |  25450000 | PA      | $25674621.70  | 1.06%             | 2052-07-01      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | City and County of Denver, Airport System, Series 2023B                                                                                            | CUSIP: 249182UP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5333945.00   | 0.22%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | Territory of Guam, Series 2025G                                                                                                                    | CUSIP: 40065NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    275000 | PA      | $287182.06    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Yakima Valley Memorial Hospital Association                                                           | CUSIP: 93978HRJ6<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    675000 | PA      | $694676.86    | 0.03%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                           | West Virginia Commissioner of Highways, Series 2017A                                                                                               | CUSIP: 95649ACN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $392206.91    | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, CommonSpirit Health, Series 2019A-2                                                                          | CUSIP: 19648FKE3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26549.95     | 0.00%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | State of Florida, Public Education Capital Outlay, Series 2020A                                                                                    | CUSIP: 34153QSV9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    105000 | PA      | $109983.88    | 0.00%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County (The)                                          | School Board of Miami-Dade County (The), Florida Certificates of Participation, Series 2012A                                                       | CUSIP: 59333MF91<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150146.64    | 0.01%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Project 1, Series 2024B                                                                                                          | CUSIP: 29270C6B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2472610.80   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Clean Water Initiative Revolving Fund, Series 2019                                                                     | CUSIP: 45204EW46<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    240000 | PA      | $248136.07    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | Miami-Dade County Expressway Authority, Toll System, Series 2014A                                                                                  | CUSIP: 59334KJE9<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    210000 | PA      | $210337.53    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | Metropolitan Government Nashville and Davidson County, Health and Educational Facilities Board, Vanderbilt University Medical Center, Series 2023A | CUSIP: 592041ZX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26542.58     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | Central Puget Sound Regional Transit Authority, Sales and Use Tax, Series 2015S-1                                                                  | CUSIP: 15504RGB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $552405.43    | 0.02%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                       | Denver City and County School District No. 1                                                                                                       | CUSIP: 249174UH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25156.65     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, State Personal Income Tax, Series 2016D                                                                        | CUSIP: 64990F4U5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30371.48     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ridge Road Fire District                                                         | Ridge Road Fire District                                                                                                                           | CUSIP: 765743DL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7014529.20   | 0.29%             | 2025-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, CommonSpirit Health, Series 2019B-2                                                                          | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115823.38    | 0.00%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                              | County of Hawaii, Series A                                                                                                                         | CUSIP: 419722L43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50615.11     | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured, Series B1                                                                         | CUSIP: 64971WXE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5047479.75   | 0.21%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2017, Series 2014I, Subseries I-3                                                                                    | CUSIP: 64966MJM2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    745000 | PA      | $772317.66    | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston, Airport System, Subordinate Lien, Series 2018B                                                                                    | CUSIP: 442349BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $90339.59     | 0.00%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2019B                                                                                                                    | CUSIP: 4521524R9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3860000 | PA      | $3860000.00   | 0.16%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | City of Houston Combined Utility System, First Lien, Series 2016B                                                                                  | CUSIP: 44244CGH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $572988.57    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | City of Houston, Public Improvement, Series 2019A                                                                                                  | CUSIP: 4423314Y7<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    105000 | PA      | $109172.93    | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | City of St Louis Airport, Lambert St. Louis International Airport, Series 2005                                                                     | CUSIP: 791638VG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21692.68     | 0.00%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | County of Cook, Series 2016A                                                                                                                       | CUSIP: 213185KJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46203.73     | 0.00%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series 2016                                                                                                    | CUSIP: 735389YE2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55580.72     | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Commonspirit Health, Series 2019B-3                                                                   | CUSIP: 93978HVB8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115737.92    | 0.00%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | Commonwealth Financing Authority, Tobacco Master Settlement Payment                                                                                | CUSIP: 20282EAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043171.70   | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Community High School District No. 94 West Chicago                 | DuPage County Community High School District No. 94 West Chicago                                                                                   | CUSIP: 263381DX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10093.18     | 0.00%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                 | State of Georgia, Series 2014A                                                                                                                     | CUSIP: 373384R99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100110.34    | 0.00%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | Pennsylvania Turnpike Commission, Series 2019A                                                                                                     | CUSIP: 709224R35<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    215000 | PA      | $222272.96    | 0.01%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Highland Falls NY                                                     | Village of Highland Falls                                                                                                                          | CUSIP: 430074HV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4045000 | PA      | $4048940.23   | 0.17%             | 2025-09-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | Orange County School Board, Series 2017B                                                                                                           | CUSIP: 684517SD8<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2258367.81   | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pittsburgh PA                                                            | City of Pittsburgh, Series 2020A                                                                                                                   | CUSIP: 725209NM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307630.62    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                                           | University of Arkansas, Various Facility UAMS Campus, Series 2019A                                                                                 | CUSIP: 9140724B6<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25974.78     | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Enerra South Carolina Project, Series 2024                                                     | CUSIP: 83704DAP1<br>LEI: 5493006X47I9VG3DL112 | Long             | STIV             | MUN               | US        |   2500000 | PA      | $2505742.75   | 0.10%             | 2027-12-15      | Variable      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Waste Management, Inc., Project, Series 2017A                                                              | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000290.50   | 0.04%             | 2044-12-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Children's Hospital Obligated Group, Series 2015                                                                             | CUSIP: 254764JR5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50395.79     | 0.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | City of Houston, Combined Utility System, First Lien, Series 2015D                                                                                 | CUSIP: 44244CCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1019303.40   | 0.04%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                   | County of Allen Hospital Facilities, Series 2017A                                                                                                  | CUSIP: 01757LFS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314185.29    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | California Pollution Control Financing Authority, Solid Waste Disposal, Republic Services, Inc., Project                                           | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2500000 | PA      | $2499869.75   | 0.10%             | 2043-07-01      | Variable      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | Triborough Bridge and Tunnel Authority, Series A                                                                                                   | CUSIP: 89602N6V1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52142.08     | 0.00%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County (The)                                          | School Board of Miami-Dade County (The), Florida Certificates of Participation, Series 2015D                                                       | CUSIP: 59333MT70<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1337173.44   | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                               | Tobacco Settlement Financing Corp., Series 2018A                                                                                                   | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $293931.82    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County High School District No. 214 Tolleson Union High School          | Maricopa County High School District No. 214 Tolleson Union High School                                                                            | CUSIP: 567527WG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $322007.81    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Randolph Central School District                                                 | Randolph Central School District                                                                                                                   | CUSIP: 752691FV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5052233.50   | 0.21%             | 2026-06-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | Metropolitan Transit Authority of Harris County Sales and Use Tax                                                                                  | CUSIP: 41422EJA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075916.20   | 0.04%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Educational and Housing Facility Board of the City of Memphis/the         | Health Educational and Housing Facility Board of the City of Memphis (The), Arbors Hickory Ridge Project, Series 2012                              | CUSIP: 586169EQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3562528 | PA      | $4098943.90   | 0.17%             | 2049-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Veterans Housing Assistance Program, Series 2008B                                                                                  | CUSIP: 882724GM3<br>LEI: 549300X9CH74QB747L76 | Long             | STIV             | MUN               | US        |   4365000 | PA      | $4365000.00   | 0.18%             | 2038-12-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                               | Illinois Municipal Electric Agency, Power Supply System, Series 2015A                                                                              | CUSIP: 452024HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100046.45    | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston, Airport System, Subordinate Lien, Series 2023B                                                                                    | CUSIP: 442349HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32130.92     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                                            | School District of Philadelphia (The), Series 2019B                                                                                                | CUSIP: 717883WT5<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024473.60   | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Various Purpose, Series R-2018 D                                                                                              | CUSIP: 93974DY51<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    135000 | PA      | $141875.81    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Public Finance Authority, Series 2017A                                                                                             | CUSIP: 882724AK3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1581323.85   | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                                    | University System of Maryland, Series 2019B                                                                                                        | CUSIP: 9144027L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35549.61     | 0.00%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2019                                                                                     | CUSIP: 71781QFD5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81732.83     | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio Electric and Gas Systems                                                                                                       | CUSIP: 7962535P3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1383695.38   | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | North Carolina Medical Care Commission, Caromont Health, Series 2021B                                                                              | CUSIP: 65820HN90<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1302173.73   | 0.05%             | 2051-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                                | Plano Independent School District, Series 2016A                                                                                                    | CUSIP: 727199XH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25292.07     | 0.00%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sioux Falls SD Sales Tax Revenue                                         | City of Sioux Falls Sales Tax, Series 2017A                                                                                                        | CUSIP: 829594LQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77301.74     | 0.00%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foley Utilities Board                                                            | Foley Utilities Board                                                                                                                              | CUSIP: 344244NK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36552.88     | 0.00%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 10 Tacoma                                      | Pierce County School District No. 10 Tacoma, Unlimited Tax, Series 2015                                                                            | CUSIP: 720424ZG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2113162.80   | 0.09%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Children's Hospital Obligated Group, Series 2015                                                                             | CUSIP: 254764JS3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    170000 | PA      | $171423.53    | 0.01%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Milton NY                                                                | Town of Milton                                                                                                                                     | CUSIP: 602117AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3521213.85   | 0.14%             | 2026-07-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boulder Larimer & Weld Counties St Vrain Valley School District Re1J             | Boulder Larimer and Weld Countes St. Vrain Valley School District Re-1J, Series 2016C                                                              | CUSIP: 101565H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20145.21     | 0.00%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025H, Sub H-1                             | CUSIP: 64972JSM1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1927183.13   | 0.08%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | Hampton Roads Transportation Accountability Commission, Transportation Fund, Senior Lien, Series 2021A                                             | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8495000 | PA      | $8676256.12   | 0.36%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Fiscal Year 2024, Series 2024E                                                                                                   | CUSIP: 64966SCX2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    800000 | PA      | $872440.48    | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | City of Kansas City, Series 2017C                                                                                                                  | CUSIP: 485106RW0<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41980.04     | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis County Water Control & Improvement District No. 17                        | Travis County Water Control and Improvement District No. 17, Texas Steiner Ranch Defined Area Unlimited Tax                                        | CUSIP: 894521AF0<br>LEI: 549300F2GYMQ0I900723 | Long             | DBT              | MUN               | US        |    280000 | PA      | $282375.27    | 0.01%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                          | Virginia Port Authority, Series 2016B                                                                                                              | CUSIP: 928077JN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4780771.85   | 0.20%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Elementus Minerals, LLC Project, Series 2023                                                                | CUSIP: 54640TAK5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9019733.40   | 0.37%             | 2043-10-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Pittsfield MA                                                            | City of Pittsfield                                                                                                                                 | CUSIP: 725464KW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3125060.71   | 0.13%             | 2026-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Common School, Series 2015A                                                                                                         | CUSIP: 677522BX1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    115000 | PA      | $118246.53    | 0.00%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas County Utility & Reclamation District                                     | Dallas County Utility and Reclamation District, Unlimited Tax, Series 2016                                                                         | CUSIP: 234839PL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316980.00    | 0.01%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | Salt River Project Agricultural Improvement and Power District, Arizona Electric System, Series 2019A                                              | CUSIP: 79574CDM2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    385000 | PA      | $398518.31    | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe Local School District                                                     | Monroe Local School District                                                                                                                       | CUSIP: 611237CY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005494.60   | 0.08%             | 2025-12-04      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | Virginia Commonwealth Transportation Board, Federal Transportation                                                                                 | CUSIP: 92778UBZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20539.66     | 0.00%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series 2025B                                                                                                                 | CUSIP: 20772KB81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4474976.35   | 0.18%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Indiana PA                                                             | County of Indiana                                                                                                                                  | CUSIP: 454686EH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $436686.76    | 0.02%             | 2026-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                         | County of Mecklenburg, Series 2013A                                                                                                                | CUSIP: 584002RV3<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006580.60   | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County Square Redevelopment Corp.                                                | County Square Redevelopment Corp., Greenville South Carolina Project                                                                               | CUSIP: 22259PBW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $6557789.82   | 0.27%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | County of Cook, Series 2021B                                                                                                                       | CUSIP: 213185MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $234321.79    | 0.01%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health and Higher Educational Facilities Authority, Mainehealth, Series 2020A                                                                | CUSIP: 56042RXS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254937.35    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                 | Katy Independent School District, Series D                                                                                                         | CUSIP: 486063VH0<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |    240000 | PA      | $242869.32    | 0.01%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | Port of Seattle, Intermediate Lien, Series 2022A                                                                                                   | CUSIP: 735389S66<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262396.53    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                      | JEA Electric System, Series 2017B                                                                                                                  | CUSIP: 46613SFW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26264.10     | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Electric Light & Power System Revenue                         | City of Lubbock, Electric Light and Power System, Series 2018                                                                                      | CUSIP: 549203VY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253883.58    | 0.01%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property and Building Commission, Project No. 130, Series 2024B                                                                     | CUSIP: 49151F3C2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87955.03     | 0.00%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                               | Board of Regents of the University of Texas System, Series 2021A                                                                                   | CUSIP: 91514AKE4<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     95000 | PA      | $99882.91     | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water and Power System, Series 2020A                                                                                     | CUSIP: 544532AT1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509750.10    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Adventhealth Obligated Group, Series 2019B                                                                   | CUSIP: 19648FXC3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1291308.23   | 0.05%             | 2049-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** JPMorgan Trust IV

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer