# EDGAR Filing Document

**Accession Number:** 0000857769
**File Stem:** 0001145549-23-004240
**Filing Date:** 2023-1
**Character Count:** 90016
**Document Hash:** 41e0d931dfa2609966404e4b1e227bb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004240.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001145549-23-004240

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK MUNICIPAL SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000857769
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05968
- **FILM NUMBER:** 23562162

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN MUNICIPAL SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20050323

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN TAX FREE BOND TRUST
- **DATE OF NAME CHANGE:** 19970501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN TAX FREE BOND FUND
- **DATE OF NAME CHANGE:** 19941227

## Series and Classes Contracts Data

### John Hancock High Yield Municipal Bond Fund (Series ID: S000000651)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000001874 | Class A      | JHTFX           |
| C000001876 | Class C      | JCTFX           |
| C000178765 | Class I      | JHYMX           |
| C000193018 | Class R6     | JCTRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** John Hancock Municipal Securities Trust

- **b. Investment Company Act file number:** 811-05968

- **c. CIK number of Registrant:** 0000857769

- **d. LEI of Registrant:** 5493008ZYLKE3XZXD331

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

  - **Street Address 1:** 200 Berkeley Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-312-0176

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

- **a. Name of Series:** High Yield Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000000651

- **c. LEI of Series:** 549300XENWSHWFK5TX76

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $154650501.49

**Total Liabilities:** $6028915.45

**Net Assets:** $148621586.04

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -51.176059000000 | **1-Year:** -2400.911338000000 | **5-Year:** -7418.130294000000 | **10-Year:** -16998.609883000000 | **30-Year:** -12929.182371000000

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

- **3-Month:** -105.880521000000 | **1-Year:** -2032.553269000000 | **5-Year:** -9408.868060000000 | **10-Year:** -34601.768080000000 | **30-Year:** -24208.287870000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001874 | -6.83%               | -2.40%               | 6.10%                |
| Class ID C000001876 | -6.89%               | -2.46%               | 6.04%                |
| Class ID C000178765 | -6.80%               | -2.38%               | 6.11%                |
| Class ID C000193018 | -6.80%               | -2.23%               | 6.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-267147.01              | $-10508379.37                              |
| Month 2  | $-754920.08              | $-2919699.13                               |
| Month 3  | $-92634.91               | $7842678.85                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Southern California Public Power Authority                           | SOUTHERN CALIFORNIA PUBLIC POW STNPWR 11/26 FIXED 5.25        | CUSIP: 842471AU8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1581625.05   | 1.06%             | 2026-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STEEL POINT INFRASTRUCTURE IMP STLFAC 04/51 FIXED 4                  | STEEL POINT INFRASTRUCTURE IMP STLFAC 04/51 FIXED 4           | CUSIP: 85814YAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1391879.97   | 0.94%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH COMMUNITY AUTHO STRDEV 12/47 FIXED OID 5              | STERLING RANCH COMMUNITY AUTHO STRDEV 12/47 FIXED OID 5       | CUSIP: 85950NAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530000.00   | 1.03%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summit Academy North                                                 | SUMMIT ACADEMY NORTH SMAEDU 11/41 FIXED 4                     | CUSIP: 86589TAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $812737.70    | 0.55%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corporation                             | TENNESSEE ENERGY ACQUISITION C TNSUTL 02/25 FIXED 5           | CUSIP: 880443ED4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3775915.69   | 2.54%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBGEN 04/52 FIXED 4                 | CUSIP: 74442PVV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $576920.80    | 0.39%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBGEN 12/41 FIXED OID 4             | CUSIP: 74442PWM3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1206434.10   | 0.81%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBFIN 10/53 FIXED 5                 | CUSIP: 74444VAH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $943649.87    | 0.63%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBFIN 09/54 FIXED 5                 | CUSIP: 74444VAN0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877905.50    | 0.59%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBFAC 07/54 FIXED 4.25              | CUSIP: 74446DAJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $720922.70    | 0.49%             | 2054-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUEBLO URBAN RENEWAL AUTHORITY PUEDEV 12/45 FIXED 4.75               | PUEBLO URBAN RENEWAL AUTHORITY PUEDEV 12/45 FIXED 4.75        | CUSIP: 744826AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $805810.50    | 0.54%             | 2045-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/25 FIXED 5.375             | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     52697 | PA      | $53419.44     | 0.04%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/27 FIXED 5.625             | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     52220 | PA      | $53421.13     | 0.04%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/29 FIXED 5.625             | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     51373 | PA      | $52574.16     | 0.04%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/31 FIXED 5.75              | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     49898 | PA      | $51151.03     | 0.03%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/33 FIXED 4                 | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     47316 | PA      | $41125.38     | 0.03%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/35 FIXED 4                 | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     42531 | PA      | $36167.86     | 0.02%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/37 FIXED 4                 | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     36503 | PA      | $30412.22     | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/41 FIXED 4                 | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     49630 | PA      | $39742.98     | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 07/46 FIXED 4                 | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     51615 | PA      | $39699.67     | 0.03%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JH COLLATERAL                                                        | JH COLLATERAL                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    692193 | NS      | $6917567.49   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT VILDEV 05/43 FIXED 4.25                | VILLAGE COMMUNITY DEVELOPMENT VILDEV 05/43 FIXED 4.25         | CUSIP: 92708FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $807453.36    | 0.54%             | 2043-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                  | VIRGINIA COLLEGE BUILDING AUTH VACHGR 06/46 FIXED 4           | CUSIP: 92778FKQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $207560.03    | 0.14%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                          | VIRGINIA SMALL BUSINESS FINANC VASDEV 07/39 FIXED 4           | CUSIP: 928104PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $973629.40    | 0.66%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                          | VIRGINIA SMALL BUSINESS FINANC VASDEV 01/48 FIXED 4           | CUSIP: 928104PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1666736.20   | 1.12%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corporation I             | TEXAS MUNICIPAL GAS ACQUISITIO TXSUTL 12/26 FIXED OID 6.25    | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1379187.48   | 0.93%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE CONVENTION CE WASFAC 07/58 FIXED 3                  | WASHINGTON STATE CONVENTION CE WASFAC 07/58 FIXED 3           | CUSIP: 93976AEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $593947.50    | 0.40%             | 2058-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER TAX INCREM WINGEN 05/40 FIXED OID 4.25           | WINROCK TOWN CENTER TAX INCREM WINGEN 05/40 FIXED OID 4.25    | CUSIP: 97535RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $409044.15    | 0.28%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corporation                             | TOBACCO SETTLEMENT FINANCING C TOBGEN 06/47 ZEROCPNOID 0      | CUSIP: 88880NAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $926615.20    | 0.62%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tower Health                                                         | TOWER HEALTH SECURED 02/50 4.451                              | CUSIP: 891792AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1566000 | PA      | $809622.00    | 0.54%             | 2050-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Tulsa Authority For Economic Opportunity                             | TULSA INDUSTRIAL AUTHORITY TULDEV 10/31 FIXED 5               | CUSIP: 899676MW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506166.40    | 0.34%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UIPA CROSSROADS PUBLIC INFRAST UIPDEV 06/52 FIXED 4.375              | UIPA CROSSROADS PUBLIC INFRAST UIPDEV 06/52 FIXED 4.375       | CUSIP: 90279EAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $815500.60    | 0.55%             | 2052-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health and Educational Facilities Authority                | WISCONSIN HEALTH + EDUCATIONAL WISMED 12/51 FIXED 4           | CUSIP: 97712JDS9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    850000 | PA      | $595365.76    | 0.40%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY HOUSING and REDEVELOPME WODHSG 12/44 FIXED OID 5.125        | WOODBURY HOUSING and REDEVELOPME WODHSG 12/44 FIXED OID 5.125 | CUSIP: 979141AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $844376.00    | 0.57%             | 2044-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                    | UPPER ILLINOIS RIVER VALLEY DE UPIDEV 01/55 FIXED 5           | CUSIP: 91588XAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $818294.00    | 0.55%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGENCY UTSFAC 10/41 FIXED 4                      | UTAH INFRASTRUCTURE AGENCY UTSFAC 10/41 FIXED 4               | CUSIP: 917467CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $422900.85    | 0.28%             | 2041-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH CHARTER SCHOOL FINANCE AU UTSEDU 06/41 FIXED 5                  | UTAH CHARTER SCHOOL FINANCE AU UTSEDU 06/41 FIXED 5           | CUSIP: 91754TH22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $931259.90    | 0.63%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                               | VERMONT ECONOMIC DEVELOPMENT A VTSDEV 05/47 FIXED 5           | CUSIP: 92415TBQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1057291.22   | 0.71%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLGS AT CASTLE ROCK CO MET DIS VILGEN 12/37 ZEROCPNOID 0             | VLGS AT CASTLE ROCK CO MET DIS VILGEN 12/37 ZEROCPNOID 0      | CUSIP: 92706LAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1466667 | PA      | $455141.24    | 0.31%             | 2037-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANNE ARUNDEL COUNTY CONSOLIDAT AARGEN 07/44 FIXED 5.25               | ANNE ARUNDEL COUNTY CONSOLIDAT AARGEN 07/44 FIXED 5.25        | CUSIP: 03588WAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000909.10   | 0.67%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Anoka Minnesota                                              | CITY OF ANOKA MN ANOHSG 11/46 FIXED 5.5                       | CUSIP: 036327AH7<br>LEI: 549300R336CIYVDY0N47 | Long             | DBT              | MUN               | US        |    500000 | PA      | $457207.05    | 0.31%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                             | ARIZONA INDUSTRIAL DEVELOPMENT AZSEDU 07/61 FIXED 4           | CUSIP: 04052BQH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $374996.45    | 0.25%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                             | ARIZONA INDUSTRIAL DEVELOPMENT AZSEDU 07/51 FIXED 4           | CUSIP: 04052BQV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $724548.02    | 0.49%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                               | ARKANSAS DEVELOPMENT FINANCE A ARSDEV 09/49 FIXED 4.75        | CUSIP: 04108WCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $895503.30    | 0.60%             | 2049-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AUGUSTA DEVELOPMENT AUTHORITY AGSDEV 07/26 FIXED 5                   | AUGUSTA DEVELOPMENT AUTHORITY AGSDEV 07/26 FIXED 5            | CUSIP: 05115CAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496568.20    | 0.33%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Industrial Development Authority                        | BERKS COUNTY INDUSTRIAL DEVELO BERMED 11/42 FIXED OID 3.75    | CUSIP: 08451PAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $284465.85    | 0.19%             | 2042-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Board of Managers Joint Guadalupe County - City of Seguin Hospital   | BOARD OF MANAGERS JOINT GUADAL BORMED 12/45 FIXED OID 5       | CUSIP: 09659MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970787.80    | 0.65%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp                          | BRAZORIA COUNTY INDUSTRIAL DEV BZIFAC 03/39 FIXED 7           | CUSIP: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923402.80    | 0.62%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp                          | BRAZORIA COUNTY INDUSTRIAL DEV BZIFAC 06/42 ADJUST OID VAR    | CUSIP: 10604PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976573.90    | 0.66%             | 2042-06-01      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FINANCE AUTH CASMED 11/56 FIXED 5                  | CALIFORNIA PUBLIC FINANCE AUTH CASMED 11/56 FIXED 5           | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $568154.72    | 0.38%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTH CASSCD 03/62 FIXED OID 5.25           | CALIFORNIA SCHOOL FINANCE AUTH CASSCD 03/62 FIXED OID 5.25    | CUSIP: 13058TPK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $770420.30    | 0.52%             | 2062-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTH CASSCD 06/62 FIXED OID 6.5            | CALIFORNIA SCHOOL FINANCE AUTH CASSCD 06/62 FIXED OID 6.5     | CUSIP: 13058TRN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017443.90   | 0.68%             | 2062-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority               | CALIFORNIA STATEWIDE COMMUNITI CASGEN 09/52 FIXED OID 5.25    | CUSIP: 13077ELS7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501642.25    | 0.34%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CELEBRATION POINTE COMMUNITY D CPNDEV 05/48 FIXED OID 5              | CELEBRATION POINTE COMMUNITY D CPNDEV 05/48 FIXED OID 5       | CUSIP: 15102HAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $465323.45    | 0.31%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE COUNTY INDUSTRIAL DE CHAUTL 10/49 FIXED 5                  | CHARLOTTE COUNTY INDUSTRIAL DE CHAUTL 10/49 FIXED 5           | CUSIP: 16080TAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $463105.60    | 0.31%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE COUNTY INDUSTRIAL DE CHAUTL 10/41 FIXED 4                  | CHARLOTTE COUNTY INDUSTRIAL DE CHAUTL 10/41 FIXED 4           | CUSIP: 16080TAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $562066.96    | 0.38%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                      | CHESTER COUNTY INDUSTRIAL DEVE CHEDEV 10/42 FIXED OID 5.625   | CUSIP: 165588FL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $626251.60    | 0.42%             | 2042-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chicago City of                                                      | CITY OF CHICAGO IL CHI 01/31 FIXED 5                          | CUSIP: 167486D63<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017785.00   | 0.68%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corporation                                       | BUILD NYC RESOURCE CORP BUIGEN 06/51 FIXED 5                  | CUSIP: 12008ERW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $227098.58    | 0.15%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago City of                                                      | CITY OF CHICAGO IL CHI 01/38 FIXED OID 6                      | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039060.00   | 0.70%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                           | CHICAGO BOARD OF EDUCATION CHIEDU 12/44 FIXED OID 7           | CUSIP: 167505QY5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061992.00   | 0.71%             | 2044-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                           | CHICAGO BOARD OF EDUCATION CHIEDU 12/46 FIXED OID 5           | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $469242.85    | 0.32%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville City of                                                 | CITY OF JACKSONVILLE FL JACEDU 06/53 FIXED 5                  | CUSIP: 46936RAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $635483.55    | 0.43%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corporation                                       | BUILD NYC RESOURCE CORP BUIGEN 11/41 FIXED 4                  | CUSIP: 12008ESG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $200190.90    | 0.13%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corporation                                       | BUILD NYC RESOURCE CORP BUIGEN 11/51 FIXED 4                  | CUSIP: 12008ESH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $550105.58    | 0.37%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway and Transportation Authority                     | PUERTO RICO HIGHWAY and TRANSPOR PRCTRN 07/26 ZEROCPNOID 0    | CUSIP: 745185BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1343000 | PA      | $1061529.36   | 0.71%             | 2026-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                 | PUERTO RICO ELECTRIC POWER AUT PRCPWR 07/24 FIXED 5           | CUSIP: 74526QKS0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    765000 | PA      | $564187.50    | 0.38%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCIN PRCGEN 07/31 ZEROCPNOID 0             | PUERTO RICO SALES TAX FINANCIN PRCGEN 07/31 ZEROCPNOID 0      | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $648199.10    | 0.44%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCIN PRCGEN 07/51 ZEROCPNOID 0             | PUERTO RICO SALES TAX FINANCIN PRCGEN 07/51 ZEROCPNOID 0      | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3450000 | PA      | $644847.09    | 0.43%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCIN PRCGEN 07/58 FIXED 4.784              | PUERTO RICO SALES TAX FINANCIN PRCGEN 07/58 FIXED 4.784       | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    900000 | PA      | $820446.57    | 0.55%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation                      | NEW YORK TRANSPORTATION DEVELO NYTTRN 08/31 FIXED 3           | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $178522.82    | 0.12%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NIAGARA AREA DEVELOPMENT CORP NIAPOL 11/42 FIXED 4.75                | NIAGARA AREA DEVELOPMENT CORP NIAPOL 11/42 FIXED 4.75         | CUSIP: 653542AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $450460.35    | 0.30%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                    | NORTHEAST OHIO MEDICAL UNIVERS NORHGR 12/35 FIXED 4           | CUSIP: 66433RBC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240497.35    | 0.16%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                    | NORTHEAST OHIO MEDICAL UNIVERS NORHGR 12/45 FIXED 4           | CUSIP: 66433RBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $198676.80    | 0.13%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                               | OHIO AIR QUALITY DEVELOPMENT A OHSDEV 09/29 FIXED 3.25        | CUSIP: 677525WB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1607668.13   | 1.08%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                               | OHIO AIR QUALITY DEVELOPMENT A OHSDEV 11/42 ADJUSTABLE VAR    | CUSIP: 677525WF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $884591.60    | 0.60%             | 2042-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                               | OHIO AIR QUALITY DEVELOPMENT A OHSDEV 01/38 FIXED 4.25        | CUSIP: 67754AAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $464540.40    | 0.31%             | 2038-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                               | OHIO AIR QUALITY DEVELOPMENT A OHSDEV 01/48 FIXED 4.5         | CUSIP: 67754AAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $440367.35    | 0.30%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                          | OHIO HIGHER EDUCATIONAL FACILI OHSEDU 12/46 FIXED 4           | CUSIP: 67756DB54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $438317.75    | 0.29%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                               | OKLAHOMA DEVELOPMENT FINANCE A OKSMED 08/52 FIXED 5.5         | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916308.00    | 0.62%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 06/31 FIXED 4                  | PALM BEACH COUNTY HEALTH FACIL PALMED 06/31 FIXED 4           | CUSIP: 696507VH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896742.70    | 0.60%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 11/52 FIXED OID 5              | PALM BEACH COUNTY HEALTH FACIL PALMED 11/52 FIXED OID 5       | CUSIP: 69651ACE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001855.90   | 0.67%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                    | PHILADELPHIA PA AUTH FOR INDL 06/51 4                         | CUSIP: 71780CBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $581939.44    | 0.39%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                    | PHILADELPHIA AUTHORITY FOR IND PHIDEV 04/42 FIXED 5           | CUSIP: 71781XGL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $560197.88    | 0.38%             | 2042-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Industrial Development Authority of the County of Pima           | INDUSTRIAL DEVELOPMENT AUTHORI PIMDEV 06/57 FIXED 4           | CUSIP: 72177MUR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $688215.80    | 0.46%             | 2057-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Polk County Industrial Development Authority                         | POLK COUNTY INDUSTRIAL DEVELOP POKDEV 01/33 FIXED 5.875       | CUSIP: 731120NQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249891.53    | 0.17%             | 2033-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District of Jefferson County             | PORT BEAUMONT NAVIGATION DISTR PTBTRN 01/41 FIXED 2.875       | CUSIP: 73360CAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $666440.20    | 0.45%             | 2041-01-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE METROPOLITAN DIS RAMGEN 12/51 FIXED 4                  | RAMPART RANGE METROPOLITAN DIS RAMGEN 12/51 FIXED 4           | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1008433.50   | 0.68%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/48 FIXED 5                  | RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/48 FIXED 5           | CUSIP: 76827QDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759538.13    | 0.51%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNS COUNTY INDUSTRIAL DEV STJMED 12/50 FIXED 4                  | ST JOHNS COUNTY INDUSTRIAL DEV STJMED 12/50 FIXED 4           | CUSIP: 79041LAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $434080.12    | 0.29%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                    | SALEM HOSPITAL FACILITY AUTHOR SALMED 05/48 FIXED 5           | CUSIP: 794458EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $943662.50    | 0.63%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO EDUCATION FACILITI SANEDU 10/51 FIXED 5                  | SAN ANTONIO EDUCATION FACILITI SANEDU 10/51 FIXED 5           | CUSIP: 796247DY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $202512.63    | 0.14%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY and COUNTY OF SAN FRANCISCO SFOFAC 09/42 FIXED 4                | CITY and COUNTY OF SAN FRANCISCO SFOFAC 09/42 FIXED 4         | CUSIP: 79773LAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902241.90    | 0.61%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs Coalition                                        | SOUTH CAROLINA JOBS-ECONOMIC D SCSHSG 04/48 FIXED OID 5       | CUSIP: 83704CAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $833141.70    | 0.56%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs Coalition                                        | SOUTH CAROLINA JOBS-ECONOMIC D SCSPOL 06/51 FIXED 6.5         | CUSIP: 83704DAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $715486.70    | 0.48%             | 2051-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| South Charleston City of                                             | CITY OF SOUTH CHARLESTON WV SOUGEN 06/42 FIXED 4.25           | CUSIP: 837323AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $920947.04    | 0.62%             | 2042-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEASTERN OHIO PORT AUTHORI SELTRN 12/35 FIXED OID 5              | SOUTHEASTERN OHIO PORT AUTHORI SELTRN 12/35 FIXED OID 5       | CUSIP: 841895AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965082.70    | 0.65%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                       | BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/48 FIXED 4           | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1304969.25   | 0.88%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                       | BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/55 FIXED 5           | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916226.70    | 0.62%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                      | KENTUCKY MUNICIPAL POWER AGENC KYS 09/45 FIXED 4              | CUSIP: 491501FE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $710078.78    | 0.48%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake County of                                                       | COUNTY OF LAKE FL LAKEDU 01/54 FIXED 5                        | CUSIP: 50825CAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $546829.88    | 0.37%             | 2054-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AEROTROPOLIS REGIONAL TRANSPOR AERTRN 12/52 FIXED 4.375              | AEROTROPOLIS REGIONAL TRANSPOR AERTRN 12/52 FIXED 4.375       | CUSIP: 008051AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $737720.00    | 0.50%             | 2052-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Industrial Development Authority                          | GULF COAST INDUSTRIAL DEVELOPM GULPOL 04/28 FIXED 8           | CUSIP: 40220MAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000828.30   | 0.67%             | 2028-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH COUNTY INDUSTRIAL HILMED 08/50 FIXED 4                  | HILLSBOROUGH COUNTY INDUSTRIAL HILMED 08/50 FIXED 4           | CUSIP: 43233AFD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $847248.50    | 0.57%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/38 FIXED OID 6.625          | CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/38 FIXED OID 6.625   | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000283.00   | 0.67%             | 2038-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/28 FIXED 5                  | CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/28 FIXED 5           | CUSIP: 4423487W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1112284.25   | 0.75%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/27 FIXED 5                  | CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/27 FIXED 5           | CUSIP: 442349DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506508.80    | 0.34%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/41 FIXED 4                  | CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/41 FIXED 4           | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $837305.90    | 0.56%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                           | ILLINOIS FINANCE AUTHORITY ILSGEN 05/38 FIXED 5.25            | CUSIP: 45204ER59<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892805.20    | 0.60%             | 2038-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                           | ILLINOIS FINANCE AUTHORITY ILSGEN 06/57 FIXED OID 5.5         | CUSIP: 45204FQP3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1130943.13   | 0.76%             | 2057-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                            | INDIANA FINANCE AUTHORITY INSGEN 03/39 FIXED OID 7            | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $752199.00    | 0.51%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                            | INDIANA FINANCE AUTHORITY INSGEN 11/38 FIXED 5                | CUSIP: 45506DV28<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978468.70    | 0.66%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JAMES CITY COUNTY ECONOMIC DEV JAMDEV 06/47 FIXED 4                  | JAMES CITY COUNTY ECONOMIC DEV JAMDEV 06/47 FIXED 4           | CUSIP: 47029WDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $477606.29    | 0.32%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                  | LANCASTER COUNTY HOSPITAL AUTH LANMED 07/30 FIXED 5           | CUSIP: 514045R96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481949.55    | 0.32%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                  | LANCASTER COUNTY HOSPITAL AUTH LANMED 07/37 FIXED 5.125       | CUSIP: 514045S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934133.70    | 0.63%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV SPECIAL I LASGEN 06/46 FIXED 3.125              | CITY OF LAS VEGAS NV SPECIAL I LASGEN 06/46 FIXED 3.125       | CUSIP: 51779AAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $495292.02    | 0.33%             | 2046-06-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                           | MICHIGAN FINANCE AUTHORITY MISFIN 10/29 FIXED 4.5             | CUSIP: 59447TDZ3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500586.55    | 0.34%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN MATHEMATICS and SCIENCE MMTEDU 01/41 FIXED 4                | MICHIGAN MATHEMATICS + SCIENCE MMTEDU 01/41 FIXED 4           | CUSIP: 59457QAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $833529.80    | 0.56%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDDLETON COMMUNITY DEVELOPMEN MDDGEN 05/53 FIXED 6.2                | MIDDLETON COMMUNITY DEVELOPMEN MDDGEN 05/53 FIXED 6.2         | CUSIP: 596681AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009883.50   | 0.68%             | 2053-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MILITARY INSTALLATION DEVELOPM MILDEV 06/52 FIXED 4                  | MILITARY INSTALLATION DEVELOPM MILDEV 06/52 FIXED 4           | CUSIP: 599772AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $896459.05    | 0.60%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health and Educational Facilities Authority of the State of Missouri | HEALTH and EDUCATIONAL FACILITIE MOSMED 02/42 FIXED 5         | CUSIP: 60635H2S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $728343.38    | 0.49%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health and Higher Educational Facilities Authority          | MARYLAND HEALTH + HIGHER EDUCA MDSMED 07/45 FIXED 5           | CUSIP: 574218YA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001884.80   | 0.67%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corporation                            | MARYLAND ECONOMIC DEVELOPMENT MDSDEV 09/30 FIXED 3.25         | CUSIP: 57422FAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89165.51     | 0.06%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corporation                            | MARYLAND ECONOMIC DEVELOPMENT MDSDEV 09/50 FIXED 4            | CUSIP: 57422FAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $157783.82    | 0.11%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                             | MASSACHUSETTS DEVELOPMENT FINA MASDEV 10/47 FIXED 5           | CUSIP: 57584X4N8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $763140.23    | 0.51%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                             | MASSACHUSETTS DEVELOPMENT FINA MASDEV 10/49 FIXED 5           | CUSIP: 57584YRG6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    895000 | PA      | $870457.31    | 0.59%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPECIAL PURPOSE MFCFAC 10/28 FIXED 5                   | MATCHING FUND SPECIAL PURPOSE MFCFAC 10/28 FIXED 5            | CUSIP: 57665NAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    500000 | PA      | $516393.20    | 0.35%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVERNMENT NASHVI METDEV 06/51 FIXED 4                  | METROPOLITAN GOVERNMENT NASHVI METDEV 06/51 FIXED 4           | CUSIP: 59211SAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $387995.60    | 0.26%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier and Exposition Authority                           | METROPOLITAN PIER and EXPOSITION MPNFAC 12/42 FIXED 4         | CUSIP: 592250EW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1347164.85   | 0.91%             | 2042-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPOR METAPT 10/41 INT APROID VAR           | METROPOLITAN WASHINGTON AIRPOR METAPT 10/41 INT APROID VAR    | CUSIP: 592643BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3401675.40   | 2.29%             | 2041-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Prairie Village                                              | CITY OF PRAIRIE VILLAGE KS PRVGEN 04/30 FIXED 2.875           | CUSIP: 73971FAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $652028.47    | 0.44%             | 2030-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Prince George County of                                              | COUNTY OF PRINCE GEORGE'S MD PRIDEV 04/47 FIXED 5.25          | CUSIP: 741724CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $284202.20    | 0.19%             | 2047-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBGEN 01/56 FIXED 5                 | CUSIP: 74442PRN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $154332.82    | 0.10%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | PUERTO RICO COMWLTH 07/24 0                                   | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     15821 | PA      | $14531.97     | 0.01%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | PUERTO RICO COMWLTH 07/33 0                                   | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     60892 | PA      | $33321.94     | 0.02%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                          | COMMONWEALTH OF PUERTO RICO PRC 11/43 ADJUSTABLE VAR          | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1456772 | PA      | $662831.26    | 0.45%             | 2043-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                 | PUERTO RICO ELECTRIC POWER AUT PRCPWR 07/43 FIXED OID 7       | CUSIP: 74526QA51<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1250000 | PA      | $943750.00    | 0.64%             | 2043-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City of                                                   | CITY OF SACRAMENTO CA SACGEN 09/50 FIXED 4                    | CUSIP: 786071RC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $323613.64    | 0.22%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                | PARISH OF ST JAMES LA STJGEN 12/40 ADJUSTABLE VAR             | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066145.00   | 0.72%             | 2040-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                       | BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/57 ZEROCPNOID 0      | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $935153.60    | 0.63%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                        | BUCKS COUNTY INDUSTRIAL DEVELO BUCMED 07/46 FIXED 4           | CUSIP: 11861MBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $268536.28    | 0.18%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 10/56 FIXED 4                  | CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 10/56 FIXED 4           | CUSIP: 126292AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $366060.95    | 0.25%             | 2056-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 12/56 FIXED OID 3              | CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 12/56 FIXED OID 3       | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $651952.80    | 0.44%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 07/56 FIXED 4                  | CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 07/56 FIXED 4           | CUSIP: 126292AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $293118.32    | 0.20%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 03/57 FIXED OID 3              | CSCDA COMMUNITY IMPROVEMENT AU CDAHSG 03/57 FIXED OID 3       | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $650965.00    | 0.44%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                     | CALIFORNIA COMMUNITY COLLEGE F CASHGR 07/60 FIXED OID 5.75    | CUSIP: 13012TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $986857.35    | 0.66%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING A CCHHSG 02/56 FIXED 4                  | CALIFORNIA COMMUNITY HOUSING A CCHHSG 02/56 FIXED 4           | CUSIP: 13013FAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $294763.84    | 0.20%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure and Economic Development Bank              | CALIFORNIA INFRASTRUCTURE and EC CASDEV 01/56 FIXED 5         | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    250000 | PA      | $195627.88    | 0.13%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FINANCE AUTH CASMED 11/46 FIXED 5                  | CALIFORNIA PUBLIC FINANCE AUTH CASMED 11/46 FIXED 5           | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $84576.27     | 0.06%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBFIN 07/61 FIXED 4                 | CUSIP: 74439YDX6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $343156.55    | 0.23%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEES SUMMIT INDUSTRIAL DEVELOP LEEFAC 08/46 FIXED 5                  | LEES SUMMIT INDUSTRIAL DEVELOP LEEFAC 08/46 FIXED 5           | CUSIP: 524292AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $858519.60    | 0.58%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBFIN 07/61 FIXED 5.25              | CUSIP: 74439YEA5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $184442.08    | 0.12%             | 2061-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBEDU 06/52 FIXED OID 6             | CUSIP: 74442EJX9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921201.90    | 0.62%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Village of Lincolnwood Illinois                                      | VILLAGE OF LINCOLNWOOD IL LWDGEN 01/41 FIXED 4.82             | CUSIP: 53509AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $833045.00    | 0.56%             | 2041-01-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| LONGS PEAK METROPOLITAN DISTRI LPMGEN 12/51 FIXED 5.25               | LONGS PEAK METROPOLITAN DISTRI LPMGEN 12/51 FIXED 5.25        | CUSIP: 54316AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823876.60    | 0.55%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBGEN 06/56 FIXED 4.5               | CUSIP: 74442PSG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $743949.10    | 0.50%             | 2056-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                | LOUISIANA PUBLIC FACILITIES AU LASFAC 06/52 FIXED OID 6.375   | CUSIP: 546399PH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $237764.55    | 0.16%             | 2052-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corporation                         | LOVE FIELD AIRPORT MODERNIZATI LFLTRN 11/39 FIXED 4           | CUSIP: 54714CCF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951170.50    | 0.64%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc.                                         | MAIN STREET NATURAL GAS INC MAIUTL 05/49 FIXED 5              | CUSIP: 56035DBW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999900.00    | 0.67%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Industrial Development Authority Of The County Of Maricopa       | MARICOPA COUNTY INDUSTRIAL DEV MARDEV 10/47 FIXED 4           | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $796818.90    | 0.54%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| The Industrial Development Authority Of The County Of Maricopa       | MARICOPA COUNTY INDUSTRIAL DEV MAREDU 07/61 FIXED 4           | CUSIP: 56681NGM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $689588.50    | 0.46%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corporation                            | MARYLAND ECONOMIC DEVELOPMENT MDSDEV 07/58 FIXED OID 6        | CUSIP: 57420VSP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065931.90   | 0.72%             | 2058-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                   | MONTANA FACILITY FINANCE AUTHO MTSMED 07/50 FIXED 4           | CUSIP: 612043LN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $492397.92    | 0.33%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                              | MUNICIPAL ELECTRIC AUTHORITY O MELPWR 01/48 FIXED 5           | CUSIP: 6262072R4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002564.00   | 0.67%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK COUNTIES TOBACCO TRUS NYSGEN 06/60 ZEROCPNOID 0             | NEW YORK CNTYS NY TOBACCO TRUS NYSGEN 06/60 ZEROCPNOID 0      | CUSIP: 62947YAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $844179.20    | 0.57%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corporation                         | NASSAU CNTY NY TOBACCO SETTLEM NAS 06/60 ZEROCPNOID 0         | CUSIP: 63166MCE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $623074.80    | 0.42%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                             | NEW HAMPSHIRE BUSINESS FINANCE NFADEV 11/42 FIXED 4.875       | CUSIP: 63607YAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457917.05    | 0.31%             | 2042-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act          | NEW HAMPSHIRE HEALTH AND EDUCA NHSMED 07/52 FIXED OID 6.125   | CUSIP: 64461XBH7<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $220000.00    | 0.15%             | 2052-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FA NHPFAC 01/57 FIXED 5.5                | NEW HOPE CULTURAL EDUCATION FA NHPFAC 01/57 FIXED 5.5         | CUSIP: 64542PGC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $773761.40    | 0.52%             | 2057-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FA NHPFAC 01/31 FIXED OID 6.5            | NEW HOPE CULTURAL EDUCATION FA NHPFAC 01/31 FIXED OID 6.5     | CUSIP: 64542PGD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $898027.40    | 0.60%             | 2031-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FA NHPFAC 07/54 FIXED OID 5.5            | NEW HOPE CULTURAL EDUCATION FA NHPFAC 07/54 FIXED OID 5.5     | CUSIP: 64542UDY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $393025.40    | 0.26%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                            | NEW JERSEY ECONOMIC DEVELOPMEN NJSDEV 06/49 FIXED 4           | CUSIP: 64577B7S7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902683.80    | 0.61%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                            | NEW JERSEY ECONOMIC DEVELOPMEN NJSDEV 10/47 FIXED 5           | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    750000 | PA      | $734282.33    | 0.49%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                | NEW JERSEY HEALTH CARE FACILIT NJSMED 07/48 FIXED 4           | CUSIP: 645790CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $628996.43    | 0.42%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corporation                             | NEW YORK LIBERTY DEVELOPMENT C NYCDEV 11/44 FIXED 5           | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $800312.57    | 0.54%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corporation                             | NEW YORK LIBERTY DEVELOPMENT C NYCDEV 11/34 FIXED 5.15        | CUSIP: 649519DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991176.40    | 0.67%             | 2034-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                   | NEW YORK STATE DORMITORY AUTHO NYSHGR 12/45 FIXED 5           | CUSIP: 64990BHF3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965595.40    | 0.65%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation                      | NEW YORK TRANSPORTATION DEVELO NYTTRN 04/53 FIXED 4           | CUSIP: 650110AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $405196.85    | 0.27%             | 2053-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation                      | NEW YORK TRANSPORTATION DEVELO NYTTRN 01/36 FIXED 5           | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003688.40   | 0.68%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBGEN 04/42 FIXED 4                 | CUSIP: 74442PVU6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $393717.95    | 0.26%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                             | PUBLIC FINANCE AUTHORITY PUBGEN 06/42 FIXED 4                 | CUSIP: 74442PWG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $797188.50    | 0.54%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation                      | NEW YORK TRANSPORTATION DEVELO NYTTRN 01/36 FIXED OID 4       | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930300.30    | 0.63%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation                      | NEW YORK TRANSPORTATION DEVELO NYTTRN 08/31 FIXED OID 5.25    | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $884025.50    | 0.59%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                 | COLORADO HEALTH FACILITIES AUT COSMED 08/49 FIXED 4           | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $834148.30    | 0.56%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp                               | ERIE TOBACCO ASSET SECURITIZAT ERIGEN 06/60 ZEROCPNOID 0      | CUSIP: 295095BM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $817996.50    | 0.55%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority                          | ESCAMBIA COUNTY HEALTH FACILIT ESCMED 08/45 FIXED 4           | CUSIP: 296110GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1306774.65   | 0.88%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIDDLERS BUSINESS IMPROVEMENT FIDDEV 12/47 FIXED 5.55                | FIDDLERS BUSINESS IMPROVEMENT FIDDEV 12/47 FIXED 5.55         | CUSIP: 315730AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999502.90    | 0.67%             | 2047-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation                              | FLORIDA DEVELOPMENT FINANCE CO FLSDEV 07/51 FIXED 4           | CUSIP: 34061UHZ4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $189242.68    | 0.13%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation                              | FLORIDA DEVELOPMENT FINANCE CO FLSDEV 07/57 FIXED 5           | CUSIP: 34061UJU3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    680000 | PA      | $632021.04    | 0.43%             | 2057-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation                              | FLORIDA DEVELOPMENT FINANCE CO FLSDEV 06/32 FIXED 3           | CUSIP: 34061XAD4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $783947.80    | 0.53%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDUCATIONAL FAC FLSHGR 06/48 FIXED 5                  | FLORIDA HIGHER EDUCATIONAL FAC FLSHGR 06/48 FIXED 5           | CUSIP: 34073TKX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $647440.13    | 0.44%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON COUNTY RESIDENTIAL CARE FULMED 07/42 FIXED 5                  | FULTON COUNTY RESIDENTIAL CARE FULMED 07/42 FIXED 5           | CUSIP: 360059AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1042729.75   | 0.70%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLD HILL MESA METROPOLITAN DI GHMFAC 12/39 FIXED 7                  | GOLD HILL MESA METROPOLITAN DI GHMFAC 12/39 FIXED 7           | CUSIP: 38060PAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947238.40    | 0.64%             | 2039-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corporation                      | GOLDEN STATE TOBACCO SECURITIZ GLDGEN 06/66 ZEROCPNOID 0      | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $214414.00    | 0.14%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hamden Town of                                                       | TOWN OF HAMDEN CT HAM 01/50 FIXED 5                           | CUSIP: 4067927Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $950477.12    | 0.64%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                    | STATE OF ILLINOIS ILS 06/33 FIXED 4                           | CUSIP: 452152E23<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    750000 | PA      | $720860.10    | 0.49%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                               | IOWA FINANCE AUTHORITY IASHSG 03/48 FIXED 5                   | CUSIP: 46245FAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886083.00    | 0.60%             | 2048-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                        | SAN FRANCISCO CA BAY AREA RAPI SFOTRN 08/52 FIXED OID 4.25    | CUSIP: 797661C94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017225.20   | 1.36%             | 2052-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                        | SAN FRANCISCO CA BAY AREA RAPI SFOTRN 08/37 FIXED 4           | CUSIP: 797661YA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1930070.92   | 1.30%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** John Hancock Municipal Securities Trust

**Signature:** /s/Salvatore Schiavone

**Name of Signer:** Salvatore Schiavone

**Title:** Treasurer