# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-25-207474
**Filing Date:** 2025-8
**Character Count:** 335096
**Document Hash:** e4fc01020ac578b1a2d61d524eae20e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207474.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207474

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipals Trust
- **CENTRAL INDEX KEY:** 0000778365

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 251261508

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE HIGH YIELD MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19910203

## Series and Classes Contracts Data

### Eaton Vance National Municipal Income Fund (Series ID: S000004846)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000013123 | Eaton Vance National Municipal Income Fund Class A | EANAX           |
| C000013125 | Eaton Vance National Municipal Income Fund Class C | ECHMX           |
| C000013126 | Eaton Vance National Municipal Income Fund Class I | EIHMX           |

## Nport-Ex

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited)

------

Corporate Bonds — 0.2%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital — 0.2% | Hospital — 0.2% | Hospital — 0.2% |
| UPMC, 1.803%, 4/15/26 | $7300 | &nbsp;&nbsp;$7138825 |
| Total Corporate Bonds<br> (identified cost $6,638,328) |  | &nbsp;&nbsp;**$7138825** |

---

Tax-Exempt Municipal Obligations — 97.9%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Bond Bank — 1.6% | Bond Bank — 1.6% | Bond Bank — 1.6% |
| New York State Environmental Facilities Corp., (State Revolving Fund): |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 9/15/47<sup>(1)</sup> | $10000 | &nbsp;&nbsp;$10296400 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.25%, 9/15/52 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10408926 |
| Ohio Water Development Authority, Water Pollution Control Loan Fund, (Liq: TD Bank, N.A.), 3.95%, 12/1/54<sup>(2)</sup> | 29625 | &nbsp;&nbsp;&nbsp;&nbsp; 29625000 |
| Oklahoma Water Resources Board, 4.00%, 10/1/54 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp; 1220601 |
| Rickenbacker Port Authority, OH, (OASBO Expanded Asset Pooled Financing Program), 5.375%, 1/1/32 | 8300 | &nbsp;&nbsp;&nbsp;&nbsp; 9107567 |
| Texas Water Development Board, 4.00%, 10/15/49 | 6950 | &nbsp;&nbsp;&nbsp;&nbsp; 6087557 |
|  |  | &nbsp;&nbsp;**$66746051** |
| Cogeneration — 0.2% | Cogeneration — 0.2% | Cogeneration — 0.2% |
| Northampton County Industrial Development Authority, PA, (Northampton Generating), (AMT), 5.00%, 6/30/27<sup>(3)</sup> | $14652 | &nbsp;&nbsp;$6447019 |
|  |  | &nbsp;&nbsp;**$6447019** |
| Education — 8.5% | Education — 8.5% | Education — 8.5% |
| Arizona State University, Green Bonds, 5.00%, 7/1/50 | $4425 | &nbsp;&nbsp;$4512192 |
| California Educational Facilities Authority, (Stanford University), 5.00%, 3/15/39 | 11620 | &nbsp;&nbsp;&nbsp;&nbsp; 13229932 |
| California Educational Facilities Authority, (University of Southern California)), 5.00%, 10/1/55 | 17500 | &nbsp;&nbsp;&nbsp;&nbsp; 18022207 |
| Clemson University, SC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/40 | 7090 | &nbsp;&nbsp;&nbsp;&nbsp; 6741436 |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/41 | 7955 | &nbsp;&nbsp;&nbsp;&nbsp; 7412712 |
| Colorado State University, 5.25%, 3/1/50 | 1240 | &nbsp;&nbsp;&nbsp;&nbsp; 1283771 |
| Connecticut Health and Educational Facilities Authority, (Yale University): |  |  |
| &nbsp;&nbsp;&nbsp;5.00% to 7/1/30 (Put Date), 7/1/64 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10941341 |
| &nbsp;&nbsp;&nbsp;5.00% to 7/1/32 (Put Date), 7/1/64 | 11500 | &nbsp;&nbsp;&nbsp;&nbsp; 12875239 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education (continued) | Education (continued) | Education (continued) |
| Florida Development Finance Corp., (River City Science Academy), 4.00%, 7/1/45 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45 | &nbsp;&nbsp;$37506 |
| Louisiana Public Facilities Authority, (Acadiana Renaissance Charter Academy), 6.15%, 6/15/55<sup>(4)</sup> | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 7033330 |
| Massachusetts Development Finance Agency, (Amherst College), 5.00% to 11/1/35 (Put Date), 11/1/55 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2268563 |
| Massachusetts Development Finance Agency, (Boston College), 5.00%, 7/1/36 | 16155 | &nbsp;&nbsp;&nbsp;&nbsp; 18258304 |
| Massachusetts Development Finance Agency, (Boston University), (LOC: TD Bank, N.A.), 3.60%, 10/1/42<sup>(2)</sup> | 16035 | &nbsp;&nbsp;&nbsp;&nbsp; 16035000 |
| Massachusetts Development Finance Agency, (Harvard University), 5.00% to 11/15/35 (Put Date), 5/15/55 | 15225 | &nbsp;&nbsp;&nbsp;&nbsp; 17097051 |
| Metropolitan Government of Nashville and Davidson County Health and Educational Facilities Board, TN, (Vanderbilt University), 5.00%, 10/1/49 | 4525 | &nbsp;&nbsp;&nbsp;&nbsp; 4648123 |
| Monroe County Industrial Development Corp., NY, (University of Rochester), 4.00%, 7/1/50 | 4115 | &nbsp;&nbsp;&nbsp;&nbsp; 3585229 |
| New Jersey Educational Facilities Authority, (Princeton University), 5.00% to 7/1/31 (Put Date), 7/1/64 | 3570 | &nbsp;&nbsp;&nbsp;&nbsp; 3926679 |
| New York Dormitory Authority, (New York University), 5.00%, 7/1/49 | 9360 | &nbsp;&nbsp;&nbsp;&nbsp; 9409130 |
| Ohio State University, 5.25%, 12/1/46 | 14315 | &nbsp;&nbsp;&nbsp;&nbsp; 15041526 |
| Onondaga Civic Development Corp., NY, (Syracuse University): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/37 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1498605 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/38 | 1650 | &nbsp;&nbsp;&nbsp;&nbsp; 1812395 |
| Oregon State University: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 4/1/44 | 4470 | &nbsp;&nbsp;&nbsp;&nbsp; 4131149 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/45 | 6580 | &nbsp;&nbsp;&nbsp;&nbsp; 6911798 |
| Pennsylvania Economic Development Financing Authority, (Villanova University), 4.00%, 8/1/54 | 5235 | &nbsp;&nbsp;&nbsp;&nbsp; 4516352 |
| Private Colleges and Universities Authority, GA, (Emory University): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 9/1/42 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3237054 |
| &nbsp;&nbsp;&nbsp;5.25%, 9/1/43 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2680749 |
| Texas Tech University System, 4.00%, 2/15/44 | 11725 | &nbsp;&nbsp;&nbsp;&nbsp; 10776880 |
| University of Alabama: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/43 | 4775 | &nbsp;&nbsp;&nbsp;&nbsp; 4388169 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/44 | 7290 | &nbsp;&nbsp;&nbsp;&nbsp; 6634632 |
| University of Arkansas: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/44 | 3070 | &nbsp;&nbsp;&nbsp;&nbsp; 3169226 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/45 | 1705 | &nbsp;&nbsp;&nbsp;&nbsp; 1743022 |
| University of California: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/38 | 9770 | &nbsp;&nbsp;&nbsp;&nbsp; 10757619 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/15/40 | 12165 | &nbsp;&nbsp;&nbsp;&nbsp; 13205863 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education (continued) | Education (continued) | Education (continued) |
| University of California Medical Center, 5.00%, 5/15/47 | $23880 | &nbsp;&nbsp;$24278798 |
| University of Cincinnati, OH, 5.25%, 6/1/49 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10376760 |
| University of Massachusetts Building Authority, 5.00%, 11/1/52 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 20165630 |
| University of Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/48 | 12180 | &nbsp;&nbsp;&nbsp;&nbsp; 12244957 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/50 | 12500 | &nbsp;&nbsp;&nbsp;&nbsp; 12564594 |
| University of Texas System, 5.00%, 7/1/39 | 12145 | &nbsp;&nbsp;&nbsp;&nbsp; 13570150 |
| Vermont Educational and Health Buildings Financing Agency, (Middlebury College), 4.00%, 11/1/50 | 3370 | &nbsp;&nbsp;&nbsp;&nbsp; 2925008 |
| Washington Housing Finance Commission, (Evergreen School), 4.50%, 7/1/55 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp; 11410681 |
|  |  | &nbsp;&nbsp;**$355359362** |
| Electric Utilities — 2.7% | Electric Utilities — 2.7% | Electric Utilities — 2.7% |
| Energy Northwest, WA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/40 | $3000 | &nbsp;&nbsp;$3223598 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/41 | 2945 | &nbsp;&nbsp;&nbsp;&nbsp; 3135743 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/42 | 2720 | &nbsp;&nbsp;&nbsp;&nbsp; 2870623 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/43 | 2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2412345 |
| Fayetteville, NC, Public Works Commission Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 3/1/49 | 13225 | &nbsp;&nbsp;&nbsp;&nbsp; 12804825 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/46 | 4760 | &nbsp;&nbsp;&nbsp;&nbsp; 4927705 |
| Indiana Municipal Power Agency, (LOC: Truist Bank), 4.05%, 1/1/42<sup>(2)</sup> | 10170 | &nbsp;&nbsp;&nbsp;&nbsp; 10170000 |
| Long Island Power Authority, NY, Electric System Revenue, 5.00%, 9/1/49 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5062701 |
| Omaha Public Power District, NE: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 2/1/49 | 3870 | &nbsp;&nbsp;&nbsp;&nbsp; 3362197 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/47 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 20462368 |
| &nbsp;&nbsp;&nbsp;5.25%, 2/1/48 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10417370 |
| San Antonio, TX, Electric and Gas Systems Revenue, 5.25%, 2/1/49 | 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 11431117 |
| South Carolina Public Service Authority: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/52 | 7595 | &nbsp;&nbsp;&nbsp;&nbsp; 6364956 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/45 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2281825 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/49 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp; 3585000 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/54 | 9010 | &nbsp;&nbsp;&nbsp;&nbsp; 9164162 |
|  |  | &nbsp;&nbsp;**$111676535** |
| Escrowed/Prerefunded — 1.1% | Escrowed/Prerefunded — 1.1% | Escrowed/Prerefunded — 1.1% |
| New Jersey Economic Development Authority, (School Facilities Construction): |  |  |
| &nbsp;&nbsp;&nbsp;Prerefunded to 12/15/28, 5.00%, 6/15/34 | $8460 | &nbsp;&nbsp;$9124875 |
| &nbsp;&nbsp;&nbsp;Prerefunded to 12/15/28, 5.00%, 6/15/35 | 13300 | &nbsp;&nbsp;&nbsp;&nbsp; 14345252 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Escrowed/Prerefunded (continued) | Escrowed/Prerefunded (continued) | Escrowed/Prerefunded (continued) |
| New Jersey Transportation Trust Fund Authority, (Transportation Program), Prerefunded to 12/15/28, 5.00%, 6/15/50 | $20500 | &nbsp;&nbsp;$22111103 |
|  |  | &nbsp;&nbsp;**$45581230** |
| General Obligations — 26.9% | General Obligations — 26.9% | General Obligations — 26.9% |
| Alamo Community College District, TX, 4.50%, 8/15/47 | $2910 | &nbsp;&nbsp;$2834079 |
| Alvarado Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/47 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 7140229 |
| Antelope Valley Union High School District, CA, (Election of 2024), 5.00%, 8/1/50 | 13610 | &nbsp;&nbsp;&nbsp;&nbsp; 14090738 |
| Arapahoe County School District No. 5 Cherry Creek, CO, 5.25%, 12/15/41 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5459095 |
| Azle Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/49 | 5525 | &nbsp;&nbsp;&nbsp;&nbsp; 4854979 |
| Banquete Independent School District, TX, (PSF Guaranteed), 4.00%, 8/1/49 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 6146015 |
| Beaverton School District No. 48J, OR, 5.00%, 6/15/52 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 15270321 |
| Belmont-Redwood Shores School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | 1650 | &nbsp;&nbsp;&nbsp;&nbsp; 1770001 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/50 | 5500 | &nbsp;&nbsp;&nbsp;&nbsp; 5753144 |
| Bend, OR, 5.00%, 6/1/50 | 4940 | &nbsp;&nbsp;&nbsp;&nbsp; 5116194 |
| Berkeley Unified School District, CA, (Election of 2020): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 4195 | &nbsp;&nbsp;&nbsp;&nbsp; 4539276 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | 4785 | &nbsp;&nbsp;&nbsp;&nbsp; 5145281 |
| Bethel Park School District, PA, 5.25%, 8/1/42 | 5185 | &nbsp;&nbsp;&nbsp;&nbsp; 5485771 |
| Beverly Hills Unified School District, CA, (Election of 2018), 3.25%, 8/1/44 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 12489777 |
| Bishop Consolidated Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/48 | 2710 | &nbsp;&nbsp;&nbsp;&nbsp; 2781069 |
| Boston, MA, 5.00%, 2/1/43 | 12655 | &nbsp;&nbsp;&nbsp;&nbsp; 13448310 |
| Bullard Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/47 | 4450 | &nbsp;&nbsp;&nbsp;&nbsp; 4546780 |
| Burbank Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1059406 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1055779 |
| California, 5.00%, 11/1/42 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp; 26439795 |
| Carlsbad Unified School District, CA, (Election of 2018), 4.00%, 8/1/50 | 4820 | &nbsp;&nbsp;&nbsp;&nbsp; 4343104 |
| Central Dauphin School District, PA, 5.00%, 2/1/46 | 2575 | &nbsp;&nbsp;&nbsp;&nbsp; 2642630 |
| Cherry Hill Township School District, NJ, 4.00%, 8/1/40 | 4700 | &nbsp;&nbsp;&nbsp;&nbsp; 4552825 |
| Chicago Board of Education, IL: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/30 | 9000 | &nbsp;&nbsp;&nbsp;&nbsp; 9136233 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/42 | 23400 | &nbsp;&nbsp;&nbsp;&nbsp; 21974535 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Chicago Board of Education, IL: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/44 | $20515 | &nbsp;&nbsp;$18989373 |
| &nbsp;&nbsp;&nbsp;5.875%, 12/1/47 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp; 6747493 |
| Chicago, IL: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/44 | 12350 | &nbsp;&nbsp;&nbsp;&nbsp; 11637690 |
| &nbsp;&nbsp;&nbsp;5.25%, 1/1/38 | 6750 | &nbsp;&nbsp;&nbsp;&nbsp; 6905375 |
| &nbsp;&nbsp;&nbsp;5.25%, 1/1/45 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4869519 |
| &nbsp;&nbsp;&nbsp;5.50%, 1/1/39 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5147499 |
| &nbsp;&nbsp;&nbsp;5.50%, 1/1/49 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9931319 |
| &nbsp;&nbsp;&nbsp;6.00%, 1/1/43 | 2010 | &nbsp;&nbsp;&nbsp;&nbsp; 2120552 |
| Chico Unified School District, CA, (Election of 2012): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 883271 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1094264 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | 1700 | &nbsp;&nbsp;&nbsp;&nbsp; 1836406 |
| Chico Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/39 | 1435 | &nbsp;&nbsp;&nbsp;&nbsp; 1584368 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1094264 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1620358 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 2780 | &nbsp;&nbsp;&nbsp;&nbsp; 2976244 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1703088 |
| Clackamas Community College District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;430 | &nbsp;&nbsp;&nbsp;&nbsp; 467057 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/42 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1595228 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/45 | 3250 | &nbsp;&nbsp;&nbsp;&nbsp; 3400859 |
| Clackamas County School District No. 7J Lake Oswego, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/37 | 1040 | &nbsp;&nbsp;&nbsp;&nbsp; 1154732 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/38 | 1050 | &nbsp;&nbsp;&nbsp;&nbsp; 1153225 |
| Collin County Community College District, TX: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/15/44 | 12545 | &nbsp;&nbsp;&nbsp;&nbsp; 11201033 |
| &nbsp;&nbsp;&nbsp;4.125%, 8/15/45 | 13045 | &nbsp;&nbsp;&nbsp;&nbsp; 11727669 |
| Connecticut, Social Bonds, 5.00%, 11/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp; 287764 |
| Cypress-Fairbanks Independent School District, TX, (PSF Guaranteed): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/43 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5194831 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/15/44 | 5150 | &nbsp;&nbsp;&nbsp;&nbsp; 5329652 |
| Denton County, TX, 4.00%, 7/15/49 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 8952005 |
| Denton Independent School District, TX, (PSF Guaranteed), 5.00%, 8/15/48 | 29660 | &nbsp;&nbsp;&nbsp;&nbsp; 30345742 |
| Desert Sands Unified School District, CA, (Election of 2024), 4.00%, 8/1/50 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 13378692 |
| Fairfax County, VA, 4.00%, 10/1/43 | 1190 | &nbsp;&nbsp;&nbsp;&nbsp; 1116359 |
| Fayetteville School District No. 1, AR, 4.00%, 2/1/46 | 10815 | &nbsp;&nbsp;&nbsp;&nbsp; 9930749 |
| Frederick County, MD, 4.00%, 4/1/45 | 9165 | &nbsp;&nbsp;&nbsp;&nbsp; 8525385 |
| Fullerton Joint Union High School District, CA, (Election of 2024), 4.00%, 8/1/51 | 24870 | &nbsp;&nbsp;&nbsp;&nbsp; 21934271 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Fulshear, TX, 4.00%, 4/15/51 | $7485 | &nbsp;&nbsp;$6525353 |
| Grand Rapids, MI, 5.00%, 4/1/50 | 13515 | &nbsp;&nbsp;&nbsp;&nbsp; 13840316 |
| Greensboro, NC, 4.00%, 2/1/44 | 2060 | &nbsp;&nbsp;&nbsp;&nbsp; 1968713 |
| Hacienda La Puente Unified School District, CA, (Election of 2016), 5.00%, 8/1/47 | 8265 | &nbsp;&nbsp;&nbsp;&nbsp; 8626612 |
| Harford County, MD, 4.00%, 10/1/44 | 2150 | &nbsp;&nbsp;&nbsp;&nbsp; 2023021 |
| Harris County Flood Control District, TX, Sustainability Bonds, 4.00%, 9/15/48 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 8707635 |
| Hays Consolidated Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/48 | 10855 | &nbsp;&nbsp;&nbsp;&nbsp; 11098401 |
| Hennepin County, MN, (SPA: TD Bank, N.A.), 1.85%, 12/1/38<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp; 685000 |
| Houston, TX, 4.125%, 3/1/51 | 8845 | &nbsp;&nbsp;&nbsp;&nbsp; 7800046 |
| Howell Public Schools, MI: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/42 | 5500 | &nbsp;&nbsp;&nbsp;&nbsp; 5741848 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/44 | 6800 | &nbsp;&nbsp;&nbsp;&nbsp; 7012843 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/45 | 2700 | &nbsp;&nbsp;&nbsp;&nbsp; 2765508 |
| Humble Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/47 | 10250 | &nbsp;&nbsp;&nbsp;&nbsp; 10496419 |
| Hutto Independent School District, TX, (PSF Guaranteed), 5.00%, 8/1/48 | 1215 | &nbsp;&nbsp;&nbsp;&nbsp; 1235699 |
| Illinois: |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 5/1/46 | 15915 | &nbsp;&nbsp;&nbsp;&nbsp; 14149777 |
| &nbsp;&nbsp;&nbsp;5.00%, 2/1/29 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 15365643 |
| &nbsp;&nbsp;&nbsp;5.50%, 5/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp; 911719 |
| &nbsp;&nbsp;&nbsp;5.50%, 3/1/42 | 11700 | &nbsp;&nbsp;&nbsp;&nbsp; 12215125 |
| &nbsp;&nbsp;&nbsp;5.75%, 5/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;890 | &nbsp;&nbsp;&nbsp;&nbsp; 924220 |
| Kentfield School District, CA, (Election of 2024), 4.125%, 8/1/51 | 1670 | &nbsp;&nbsp;&nbsp;&nbsp; 1515682 |
| Leander Independent School District, TX, (PSF Guaranteed), 5.00%, 8/15/40 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4318116 |
| Mabank Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/49 | 5745 | &nbsp;&nbsp;&nbsp;&nbsp; 5043022 |
| Manteca Unified School District, CA, (Election of 2020), 5.25%, 8/1/50 | 9000 | &nbsp;&nbsp;&nbsp;&nbsp; 9535496 |
| Massachusetts: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 4/1/49 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 7209892 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/35 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1543731 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/36 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3387877 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/43 | 10105 | &nbsp;&nbsp;&nbsp;&nbsp; 10573418 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/48 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10259167 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/50 | 7500 | &nbsp;&nbsp;&nbsp;&nbsp; 7704178 |
| Mecklenburg County, NC, 4.00%, 2/1/45 | 2855 | &nbsp;&nbsp;&nbsp;&nbsp; 2703033 |
| Melissa Independent School District, TX, (PSF Guaranteed), 4.00%, 2/1/49 | 2800 | &nbsp;&nbsp;&nbsp;&nbsp; 2460977 |
| Mida Cormont Public Infrastructure District, UT, 6.25%, 6/1/55<sup>(4)</sup> | 2700 | &nbsp;&nbsp;&nbsp;&nbsp; 2770070 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Milpitas Unified School District, CA, (Election of 2018), 4.00%, 8/1/41 | $4390 | &nbsp;&nbsp;$4328306 |
| Mobile, AL, 5.00%, 2/15/41 | 16000 | &nbsp;&nbsp;&nbsp;&nbsp; 17003702 |
| Montgomery County, MD: |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 8/1/39 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 2829096 |
| &nbsp;&nbsp;&nbsp;(SPA: U.S. Bank, N.A.), 3.85%, 11/1/37<sup>(2)</sup> | 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 40000000 |
| Nassau County, NY, 5.00%, 4/1/49<sup>(1)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10339300 |
| New Orleans, LA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/46 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3042769 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/47 | 5590 | &nbsp;&nbsp;&nbsp;&nbsp; 5651999 |
| New York: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/39 | 7955 | &nbsp;&nbsp;&nbsp;&nbsp; 8865951 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/40 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 22026274 |
| &nbsp;&nbsp;&nbsp;Series 2023-B, 5.00%, 3/15/40 | 3520 | &nbsp;&nbsp;&nbsp;&nbsp; 3801520 |
| New York, NY: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/46 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 8896279 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/48 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5094967 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/50 | 12350 | &nbsp;&nbsp;&nbsp;&nbsp; 12538628 |
| &nbsp;&nbsp;&nbsp;5.25%, 5/1/42 | 3335 | &nbsp;&nbsp;&nbsp;&nbsp; 3506071 |
| &nbsp;&nbsp;&nbsp;5.25%, 9/1/46 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10464611 |
| &nbsp;&nbsp;&nbsp;5.25%, 10/1/47 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5164633 |
| &nbsp;&nbsp;&nbsp;5.25%, 2/1/50 | 14405 | &nbsp;&nbsp;&nbsp;&nbsp; 15001214 |
| &nbsp;&nbsp;&nbsp;(LOC: U.S. Bank, N.A.), 3.60%, 4/1/38<sup>(2)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;(SPA: JPMorgan Chase Bank, N.A.), 4.00%, 8/1/44<sup>(2)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 |
| Northwest Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/48 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 20402692 |
| Norwood, MA, 4.00%, 9/15/47 | 10755 | &nbsp;&nbsp;&nbsp;&nbsp; 9740893 |
| Oregon: |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 5/1/42 | 1900 | &nbsp;&nbsp;&nbsp;&nbsp; 2066847 |
| &nbsp;&nbsp;&nbsp;5.25%, 5/1/43 | 1625 | &nbsp;&nbsp;&nbsp;&nbsp; 1754236 |
| &nbsp;&nbsp;&nbsp;5.25%, 5/1/44 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1610723 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/1/44 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp; 1450361 |
| Oregon City School District No. 62, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/39 | 1380 | &nbsp;&nbsp;&nbsp;&nbsp; 1519857 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/41 | 2215 | &nbsp;&nbsp;&nbsp;&nbsp; 2380296 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/47 | 10875 | &nbsp;&nbsp;&nbsp;&nbsp; 11238931 |
| &nbsp;&nbsp;&nbsp;Series 2018-B, 5.00%, 6/15/49 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp; 6525840 |
| &nbsp;&nbsp;&nbsp;Series 2025-B, 5.00%, 6/15/49 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp; 13354845 |
| Pasadena, CA, (Central Library): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/42 | 6630 | &nbsp;&nbsp;&nbsp;&nbsp; 7253012 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/43 | 4460 | &nbsp;&nbsp;&nbsp;&nbsp; 4848289 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/46 | 4330 | &nbsp;&nbsp;&nbsp;&nbsp; 4639345 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/51 | 12000 | &nbsp;&nbsp;&nbsp;&nbsp; 12656680 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Pleasanton Unified School District, CA, (Election of 2022): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | $2020 | &nbsp;&nbsp;$2231277 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 3215 | &nbsp;&nbsp;&nbsp;&nbsp; 3462249 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | 6725 | &nbsp;&nbsp;&nbsp;&nbsp; 7174026 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | 4060 | &nbsp;&nbsp;&nbsp;&nbsp; 4300668 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/45 | 2670 | &nbsp;&nbsp;&nbsp;&nbsp; 2815175 |
| Puerto Rico: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/41 | 7551 | &nbsp;&nbsp;&nbsp;&nbsp; 6717783 |
| &nbsp;&nbsp;&nbsp;5.625%, 7/1/29 | 10762 | &nbsp;&nbsp;&nbsp;&nbsp; 11356463 |
| &nbsp;&nbsp;&nbsp;5.75%, 7/1/31 | 12303 | &nbsp;&nbsp;&nbsp;&nbsp; 13278278 |
| Rio Hondo Community College District, CA, (Election of 2024), 5.00%, 8/1/50 | 17850 | &nbsp;&nbsp;&nbsp;&nbsp; 18553709 |
| Riverside Community College District, CA, (Election of 2024), 4.00%, 8/1/54 | 5920 | &nbsp;&nbsp;&nbsp;&nbsp; 5231656 |
| Royse City Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/48<sup>(1)</sup> | 12000 | &nbsp;&nbsp;&nbsp;&nbsp; 12279960 |
| San Diego Unified School District, CA, (Election of 2012), 5.00%, 7/1/41 | 6975 | &nbsp;&nbsp;&nbsp;&nbsp; 7872870 |
| San Diego Unified School District, CA, (Election of 2022), Sustainability Bonds, 4.00%, 7/1/53 | 8500 | &nbsp;&nbsp;&nbsp;&nbsp; 7559190 |
| San Dieguito Union High School District, CA, 5.00%, 8/1/39 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 11136023 |
| San Luis Coastal Unified School District, CA, (Election of 2022), 4.00%, 8/1/46 | 11205 | &nbsp;&nbsp;&nbsp;&nbsp; 10459041 |
| Santa Clarita Community College District, CA, (Election of 2016), 5.25%, 8/1/48 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10655351 |
| Tacoma School District No. 10, WA, 5.00%, 12/1/48 | 1025 | &nbsp;&nbsp;&nbsp;&nbsp; 1059872 |
| Tempe, AZ, 5.00%, 7/1/40 | 6930 | &nbsp;&nbsp;&nbsp;&nbsp; 7535518 |
| Temple Independent School District, TX, (PSF Guaranteed), 4.25%, 2/1/47 | 12600 | &nbsp;&nbsp;&nbsp;&nbsp; 11857444 |
| Tenafly Board of Education, NJ: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/42 | 2980 | &nbsp;&nbsp;&nbsp;&nbsp; 2911915 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp; 568427 |
| Washington: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/40 | 5350 | &nbsp;&nbsp;&nbsp;&nbsp; 5469854 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/41 | 5465 | &nbsp;&nbsp;&nbsp;&nbsp; 5566995 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/42 | 5425 | &nbsp;&nbsp;&nbsp;&nbsp; 5511002 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/46 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 20645356 |
| Watertown, MA, 4.00%, 6/15/47 | 1390 | &nbsp;&nbsp;&nbsp;&nbsp; 1274132 |
| West Sonoma County Union High School District, CA, (Election of 2018), 5.00%, 8/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1055134 |
| Wisconsin, 4.00%, 5/1/41 | 6750 | &nbsp;&nbsp;&nbsp;&nbsp; 6420973 |
| Woolwich Township, NJ: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/42 | 1745 | &nbsp;&nbsp;&nbsp;&nbsp; 1685240 |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/43 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp; 1188543 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Wylie Independent School District, TX, (PSF Guaranteed): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 2/15/49 | $9380 | &nbsp;&nbsp;$8242481 |
| &nbsp;&nbsp;&nbsp;4.25%, 2/15/54 | 4900 | &nbsp;&nbsp;&nbsp;&nbsp; 4399846 |
|  |  | &nbsp;&nbsp;**$1124504877** |
| Hospital — 6.5% | Hospital — 6.5% | Hospital — 6.5% |
| Arizona Industrial Development Authority, (Phoenix Children's Hospital), 4.00%, 2/1/50 | $3680 | &nbsp;&nbsp;$3069888 |
| Brevard County Health Facilities Authority, FL, (Health First Obligated Group), 5.00%, 4/1/47 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9835048 |
| California Health Facilities Financing Authority, (Cedars-Sinai Health System), 5.00%, 8/15/51 | 13845 | &nbsp;&nbsp;&nbsp;&nbsp; 14099773 |
| Connecticut Health and Educational Facilities Authority, (Trinity Health Corp.), 5.00%, 12/1/41 | 3765 | &nbsp;&nbsp;&nbsp;&nbsp; 3770609 |
| Fairfax County Industrial Development Authority, VA, (Inova Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/15/48 | 2510 | &nbsp;&nbsp;&nbsp;&nbsp; 2226686 |
| &nbsp;&nbsp;&nbsp;4.125%, 5/15/54 | 8025 | &nbsp;&nbsp;&nbsp;&nbsp; 7070447 |
| Geisinger Authority, PA, (Geisinger Health System), 4.00%, 2/15/47 | 9105 | &nbsp;&nbsp;&nbsp;&nbsp; 7793336 |
| Greenville Health System, SC, 5.00%, 5/1/39 | 1650 | &nbsp;&nbsp;&nbsp;&nbsp; 1649878 |
| Harris County Cultural Education Facilities Finance Corp., TX, (Texas Children's Hospital), 4.00%, 10/1/47 | 10805 | &nbsp;&nbsp;&nbsp;&nbsp; 9336201 |
| Idaho Health Facilities Authority, (St. Lukes's Health System), 5.00%, 3/1/41 | 3200 | &nbsp;&nbsp;&nbsp;&nbsp; 3328682 |
| Indiana Finance Authority, (Franciscan Alliance, Inc.), 5.00%, 11/1/41 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5002660 |
| Maricopa County Industrial Development Authority, AZ, (Banner Health), Series 2019-E, 4.00%, 1/1/45 | 8650 | &nbsp;&nbsp;&nbsp;&nbsp; 7645269 |
| Maryland Health and Higher Educational Facilities Authority, (MedStar Health), 5.00%, 8/15/42 | 11725 | &nbsp;&nbsp;&nbsp;&nbsp; 11552197 |
| Massachusetts Development Finance Agency, (Boston Children's Hospital), 4.00%, 3/1/54 | 6915 | &nbsp;&nbsp;&nbsp;&nbsp; 5953815 |
| Massachusetts Development Finance Agency, (Mass General Brigham): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/47 | 9900 | &nbsp;&nbsp;&nbsp;&nbsp; 10017932 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/54 | 4765 | &nbsp;&nbsp;&nbsp;&nbsp; 4771815 |
| Michigan Finance Authority, (Henry Ford Health System), 4.00%, 11/15/50 | 11775 | &nbsp;&nbsp;&nbsp;&nbsp; 10007879 |
| Michigan Finance Authority, (Trinity Health Credit Group), 5.00%, 12/1/41 | 5395 | &nbsp;&nbsp;&nbsp;&nbsp; 5491891 |
| Minnesota Agricultural and Economic Development Board, (HealthPartners Obligated Group), 4.00%, 1/1/49 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 12759687 |
| Missouri Health and Educational Facilities Authority, (BJC Health System): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/45 | 5600 | &nbsp;&nbsp;&nbsp;&nbsp; 4923929 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| Missouri Health and Educational Facilities Authority, (BJC Health System): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 4/1/55 | $5000 | &nbsp;&nbsp;$4436435 |
| Missouri Health and Educational Facilities Authority, (Children's Mercy Hospital), 4.00%, 5/15/48 | 18120 | &nbsp;&nbsp;&nbsp;&nbsp; 15711975 |
| Missouri Health and Educational Facilities Authority, (CoxHealth): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/49 | 9350 | &nbsp;&nbsp;&nbsp;&nbsp; 8100639 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/38 | 4200 | &nbsp;&nbsp;&nbsp;&nbsp; 4199941 |
| New York Dormitory Authority, (Northwell Health Obligated Group), 4.00%, 5/1/54 | 15575 | &nbsp;&nbsp;&nbsp;&nbsp; 12901690 |
| Norfolk Economic Development Authority, VA, (Sentara Healthcare), 4.00%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp;&nbsp;&nbsp; 745555 |
| Pennsylvania Higher Educational Facilities Authority, (Thomas Jefferson University), 4.375%, 11/1/54 | 4700 | &nbsp;&nbsp;&nbsp;&nbsp; 4069096 |
| Pennsylvania Higher Educational Facilities Authority, (University of Pennsylvania Health System), 4.00%, 8/15/43 | 1550 | &nbsp;&nbsp;&nbsp;&nbsp; 1408427 |
| Philadelphia Authority for Industrial Development, PA, (Children's Hospital of Philadelphia), 4.00%, 7/1/49 | 12000 | &nbsp;&nbsp;&nbsp;&nbsp; 10525558 |
| Salem Hospital Facility Authority, OR, (Salem Health), 5.00%, 5/15/44 | 11620 | &nbsp;&nbsp;&nbsp;&nbsp; 11635446 |
| South Carolina Jobs-Economic Development Authority, (Anmed Health), 4.25%, 2/1/48 | 7240 | &nbsp;&nbsp;&nbsp;&nbsp; 6689194 |
| South Carolina Jobs-Economic Development Authority, (Bon Secours Mercy Health, Inc.), 4.00%, 12/1/44 | 5500 | &nbsp;&nbsp;&nbsp;&nbsp; 4856219 |
| South Carolina Jobs-Economic Development Authority, (McLeod Health), 4.25%, 11/1/54 | 4090 | &nbsp;&nbsp;&nbsp;&nbsp; 3708154 |
| South Dakota Health and Educational Facilities Authority, (Sanford Health), 5.00%, 11/1/44 | 9910 | &nbsp;&nbsp;&nbsp;&nbsp; 9804965 |
| Spartanburg Regional Health Services District, SC, 4.00%, 4/15/43 | 7865 | &nbsp;&nbsp;&nbsp;&nbsp; 7162231 |
| St. Cloud, MN, (CentraCare Health System), 4.00%, 5/1/50 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 8527563 |
| Tarrant County Cultural Education Facilities Finance Corp., TX, (Baylor Scott & White Health), 5.00%, 11/15/45 | 5540 | &nbsp;&nbsp;&nbsp;&nbsp; 5542554 |
| Utah County, UT, (IHC Health Services, Inc.), 4.00%, 5/15/47 | 8565 | &nbsp;&nbsp;&nbsp;&nbsp; 7511778 |
| Wisconsin Health and Educational Facilities Authority, (Children's Hospital of Wisconsin, Inc.), 4.00%, 8/15/47 | 3145 | &nbsp;&nbsp;&nbsp;&nbsp; 2753417 |
|  |  | &nbsp;&nbsp;**$270598459** |
| Housing — 3.2% | Housing — 3.2% | Housing — 3.2% |
| Delaware Housing Authority, (FHLMC), (FNMA), (GNMA), 4.60%, 7/1/44 | $1800 | &nbsp;&nbsp;$1781999 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing (continued) | Housing (continued) | Housing (continued) |
| EP Cimarron Ventanas PFC, TX, (Lifestyles at Los Paseos and Lifestyles on the Reserve), 4.125%, 12/1/39 | $2000 | &nbsp;&nbsp;$1899718 |
| Georgia Housing and Finance Authority, 3.65%, 6/1/44 | 7585 | &nbsp;&nbsp;&nbsp;&nbsp; 6538658 |
| Illinois Housing Development Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.55%, 10/1/44 | 3790 | &nbsp;&nbsp;&nbsp;&nbsp; 3655546 |
| Indiana Finance Authority, (CHF-Tippecanoe, LLC - Student Housing), 5.00%, 6/1/53 | 2300 | &nbsp;&nbsp;&nbsp;&nbsp; 2201169 |
| Louisiana Housing Corp., SFMR, (FHLMC), (FNMA), (GNMA), 4.60%, 12/1/50 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 6640965 |
| Maryland Economic Development Corp., (Morgan State University), Student Housing Revenue, 5.75%, 7/1/53 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2074994 |
| Metropolitan Government of Nashville and Davidson County Health and Educational Facilities Board, TN, (4th and Shelby Apartments), (FNMA), 4.60%, 12/1/44 | 8400 | &nbsp;&nbsp;&nbsp;&nbsp; 8246139 |
| Michigan Housing Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;Social Bonds, 4.50%, 12/1/40 | 3330 | &nbsp;&nbsp;&nbsp;&nbsp; 3287147 |
| &nbsp;&nbsp;&nbsp;Social Bonds, 4.85%, 12/1/45 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2986450 |
| Minnesota Housing Finance Agency, (FHLMC), (FNMA), (GNMA), (SPA: Royal Bank of Canada), 1.92%, 7/1/41<sup>(5)</sup> | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 |
| Missouri Housing Development Commission, SFMR: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-A, 4.45%, 11/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 960698 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 3.00%, 11/1/44 | 1530 | &nbsp;&nbsp;&nbsp;&nbsp; 1185897 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 3.30%, 12/1/47 | 1203 | &nbsp;&nbsp;&nbsp;&nbsp; 1083515 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 3.40%, 11/1/46 | 2009 | &nbsp;&nbsp;&nbsp;&nbsp; 1842744 |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), Series 2024-E, 4.45%, 11/1/44 | 12205 | &nbsp;&nbsp;&nbsp;&nbsp; 11815260 |
| Nebraska Investment Finance Authority, Social Bonds, (FHLMC), (FNMA), GNMA), 4.50%, 9/1/44 | 15570 | &nbsp;&nbsp;&nbsp;&nbsp; 14853688 |
| New Mexico Mortgage Finance Authority, Single Family Mortgage Program, (FHLMC), (FNMA), (GNMA), 4.45%, 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp; 271696 |
| New York City Housing Development Corp., NY: |  |  |
| &nbsp;&nbsp;&nbsp;Sustainable Development Bonds, 4.55%, 11/1/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2928822 |
| &nbsp;&nbsp;&nbsp;Sustainable Development Bonds, 5.00%, 11/1/54 | 5730 | &nbsp;&nbsp;&nbsp;&nbsp; 5768246 |
| North Carolina Housing Finance Agency: |  |  |
| &nbsp;&nbsp;&nbsp;(FHLMC), (FNMA), (GNMA), 4.35%, 1/1/44 | 2565 | &nbsp;&nbsp;&nbsp;&nbsp; 2462313 |
| &nbsp;&nbsp;&nbsp;Social Bonds, (FHLMC), (FNMA), (GNMA), 4.35%, 7/1/43 | 2225 | &nbsp;&nbsp;&nbsp;&nbsp; 2181071 |
| Pennsylvania Housing Finance Agency, SFMR, Social Bonds, 4.50%, 10/1/44 | 9560 | &nbsp;&nbsp;&nbsp;&nbsp; 9190440 |
| South Carolina Housing Finance and Development Authority, 4.375%, 7/1/44 | 2430 | &nbsp;&nbsp;&nbsp;&nbsp; 2337372 |
| Texas Student Housing Corp., (University of North Texas), 6.85%, 7/1/31 | 10640 | &nbsp;&nbsp;&nbsp;&nbsp; 10640000 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Housing (continued) | Housing (continued) | Housing (continued) |
| Utah State University, 4.00%, 4/1/48 | $10875 | &nbsp;&nbsp;$9820672 |
| Virginia Housing Development Authority: |  |  |
| &nbsp;&nbsp;&nbsp;4.05%, 10/1/44 | 4925 | &nbsp;&nbsp;&nbsp;&nbsp; 4733652 |
| &nbsp;&nbsp;&nbsp;4.45%, 12/1/44 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp; 1360869 |
| &nbsp;&nbsp;&nbsp;4.625%, 12/1/49 | 1425 | &nbsp;&nbsp;&nbsp;&nbsp; 1361652 |
| &nbsp;&nbsp;&nbsp;5.125%, 11/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp; 349254 |
| &nbsp;&nbsp;&nbsp;5.25%, 11/1/48 | 2065 | &nbsp;&nbsp;&nbsp;&nbsp; 2088601 |
| Wisconsin Housing and Economic Development Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.50%, 9/1/44 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 4267323 |
|  |  | &nbsp;&nbsp;**$132316570** |
| Industrial Development Revenue — 2.1% | Industrial Development Revenue — 2.1% | Industrial Development Revenue — 2.1% |
| Baldwin County Industrial Development Authority, AL, (Novelis Corp.), (AMT), 5.00% to 6/1/32 (Put Date), 6/1/55<sup>(4)</sup> | $3800 | &nbsp;&nbsp;$3834217 |
| Houston, TX, (United Airlines, Inc.), (AMT), 5.50%, 7/15/37 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4157862 |
| Mobile County Industrial Development Authority, AL, (AM/NS Calvert LLC), (AMT), 4.75%, 12/1/54 | 16925 | &nbsp;&nbsp;&nbsp;&nbsp; 15606860 |
| New York Transportation Development Corp., (Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.375%, 10/1/45 | 18000 | &nbsp;&nbsp;&nbsp;&nbsp; 16073001 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/40 | 26585 | &nbsp;&nbsp;&nbsp;&nbsp; 26470706 |
| &nbsp;&nbsp;&nbsp;(AMT), 6.00%, 4/1/35 | 7360 | &nbsp;&nbsp;&nbsp;&nbsp; 8010385 |
| South Carolina Jobs-Economic Development Authority, (International Paper Co.), (AMT), 4.00% to 4/1/26 (Put Date), 4/1/33 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10031557 |
| Valparaiso, IN, (Pratt Paper IN, LLC), (AMT), 4.875%, 1/1/44<sup>(4)</sup> | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1925478 |
|  |  | &nbsp;&nbsp;**$86110066** |
| Insured - Education — 0.7% | Insured - Education — 0.7% | Insured - Education — 0.7% |
| College of Charleston, SC, (AG), 4.375%, 4/1/55 | $14820 | &nbsp;&nbsp;$13372108 |
| Florida, (Florida State University Athletics Association), (BAM), 4.25%, 10/1/53 | 7725 | &nbsp;&nbsp;&nbsp;&nbsp; 6986033 |
| Western Michigan University: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 5.25%, 11/15/49 | 1475 | &nbsp;&nbsp;&nbsp;&nbsp; 1533206 |
| &nbsp;&nbsp;&nbsp;(AG), 5.25%, 11/15/54 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp; 6707260 |
|  |  | &nbsp;&nbsp;**$28598607** |
| Insured - Electric Utilities — 0.0%<sup>†</sup> | Insured - Electric Utilities — 0.0%<sup>†</sup> | Insured - Electric Utilities — 0.0%<sup>†</sup> |
| Garland, TX, Electric Utility System Revenue, (AG), 4.25%, 3/1/48 | $&nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;$163002 |
|  |  | &nbsp;&nbsp;**$163002** |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - General Obligations — 1.4% | Insured - General Obligations — 1.4% | Insured - General Obligations — 1.4% |
| Clark County School District, NV, (AG), 4.25%, 6/15/41 | $4860 | &nbsp;&nbsp;$4763186 |
| Fayette County School District, KY, (BAM), 5.00%, 6/1/41 | 10735 | &nbsp;&nbsp;&nbsp;&nbsp; 11310596 |
| Generation Park Management District, TX, (AG), 3.50%, 9/1/43 | 2690 | &nbsp;&nbsp;&nbsp;&nbsp; 2201650 |
| Harris County Municipal Utility District No. 165, TX: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 3.375%, 3/1/45 | 1795 | &nbsp;&nbsp;&nbsp;&nbsp; 1411282 |
| &nbsp;&nbsp;&nbsp;(BAM), 3.375%, 3/1/46 | 2570 | &nbsp;&nbsp;&nbsp;&nbsp; 2004006 |
| Harris County Municipal Utility District No. 489, TX: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), Series 2024, 4.00%, 9/1/50 | 4495 | &nbsp;&nbsp;&nbsp;&nbsp; 3891569 |
| &nbsp;&nbsp;&nbsp;(BAM), Series 2024A, 4.00%, 9/1/50 | 5920 | &nbsp;&nbsp;&nbsp;&nbsp; 5125271 |
| Johnson and Miami Counties Unified School District No. 230 Spring Hill, KS, (AG), 6.00%, 9/1/43<sup>(6)</sup> | 1600 | &nbsp;&nbsp;&nbsp;&nbsp; 1794617 |
| Lumberton Municipal Utility District, TX, (AG), 3.00%, 8/15/52 | 4070 | &nbsp;&nbsp;&nbsp;&nbsp; 2634207 |
| Nassau County, NY, (AG), 5.00%, 4/1/49 | 10335 | &nbsp;&nbsp;&nbsp;&nbsp; 10544939 |
| Sienna Parks and Levee Improvement District of Fort Bend County, TX, (BAM), 3.75%, 9/1/48 | 8940 | &nbsp;&nbsp;&nbsp;&nbsp; 7286801 |
| Waller Independent School District, TX, (BAM), 4.00%, 2/15/48 | 7590 | &nbsp;&nbsp;&nbsp;&nbsp; 6609890 |
|  |  | &nbsp;&nbsp;**$59578014** |
| Insured - Hospital — 0.9% | Insured - Hospital — 0.9% | Insured - Hospital — 0.9% |
| Pennsylvania Higher Educational Facilities Authority, (Thomas Jefferson University), (AG), 4.25%, 11/1/51 | $20450 | &nbsp;&nbsp;$18299505 |
| Virginia Commonwealth University Health System Authority, (BAM), 4.00%, 7/1/54 | 19130 | &nbsp;&nbsp;&nbsp;&nbsp; 16996150 |
| Wisconsin Health and Educational Facilities Authority, (Marshfield Clinic Health System, Inc.), (BAM), 4.50%, 2/15/54 | &nbsp;&nbsp;&nbsp;&nbsp;895 | &nbsp;&nbsp;&nbsp;&nbsp; 846865 |
| Yuma Industrial Development Authority, AZ, (Yuma Regional Medical Center), (AG), 4.00%, 8/1/54 | 3900 | &nbsp;&nbsp;&nbsp;&nbsp; 3337678 |
|  |  | &nbsp;&nbsp;**$39480198** |
| Insured - Housing — 0.2% | Insured - Housing — 0.2% | Insured - Housing — 0.2% |
| Chester County Industrial Development Authority, PA, (University Student Housing, LLC), (BAM), 4.00%, 8/1/48 | $7500 | &nbsp;&nbsp;$6478345 |
| Knox County Health, Educational and Housing Facility Board, TN, (University of Tennessee), (BAM), 5.50%, 7/1/54 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1281756 |
|  |  | &nbsp;&nbsp;**$7760101** |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Lease Revenue/Certificates of Participation — 0.2% | Insured - Lease Revenue/Certificates of Participation — 0.2% | Insured - Lease Revenue/Certificates of Participation — 0.2% |
| Nevada System of Higher Education, (BAM), 4.25%, 7/1/55 | $9950 | &nbsp;&nbsp;$8796486 |
|  |  | &nbsp;&nbsp;**$8796486** |
| Insured - Special Tax Revenue — 1.8% | Insured - Special Tax Revenue — 1.8% | Insured - Special Tax Revenue — 1.8% |
| Downtown Revitalization Public Infrastructure District, UT: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 5.25%, 6/1/45 | $2500 | &nbsp;&nbsp;$2619271 |
| &nbsp;&nbsp;&nbsp;(AG), 5.50%, 6/1/50 | 7500 | &nbsp;&nbsp;&nbsp;&nbsp; 7912099 |
| Harris County-Houston Sports Authority, TX, (AG), (NPFG), 0.00%, 11/15/34 | 58155 | &nbsp;&nbsp;&nbsp;&nbsp; 36847281 |
| Massachusetts, Dedicated Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.50%, 1/1/29 | 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 12017577 |
| &nbsp;&nbsp;&nbsp;(NPFG), 5.50%, 1/1/30 | 3080 | &nbsp;&nbsp;&nbsp;&nbsp; 3425655 |
| Metropolitan Pier and Exposition Authority, IL, (McCormick Place), (BAM), 4.00%, 12/15/42 | 10235 | &nbsp;&nbsp;&nbsp;&nbsp; 9350912 |
| Pasco Public Facilities District, WA, Sales Tax Revenue, (AG), 4.25%, 11/1/49 | 2645 | &nbsp;&nbsp;&nbsp;&nbsp; 2459267 |
|  |  | &nbsp;&nbsp;**$74632062** |
| Insured - Transportation — 1.8% | Insured - Transportation — 1.8% | Insured - Transportation — 1.8% |
| Allegheny County Airport Authority, PA, (Pittsburgh International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AG), (AMT), 5.25%, 1/1/43 | $10555 | &nbsp;&nbsp;$10912978 |
| &nbsp;&nbsp;&nbsp;(AG), (AMT), 5.25%, 1/1/45 | 4650 | &nbsp;&nbsp;&nbsp;&nbsp; 4762371 |
| E-470 Public Highway Authority, CO, (NPFG), 0.00%, 9/1/37 | 13335 | &nbsp;&nbsp;&nbsp;&nbsp; 7299899 |
| Houston, TX, Airport System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), (AMT), 5.25%, 7/1/48 | 11890 | &nbsp;&nbsp;&nbsp;&nbsp; 12130191 |
| &nbsp;&nbsp;&nbsp;(AG), (AMT), 5.25%, 7/1/53 | 12000 | &nbsp;&nbsp;&nbsp;&nbsp; 12151496 |
| Kansas City Industrial Development Authority, MO, (Kansas City International Airport Terminal Modernization), (AG), (AMT), 5.00%, 3/1/49 | 2335 | &nbsp;&nbsp;&nbsp;&nbsp; 2314362 |
| Metropolitan Transportation Authority, NY, Green Bonds, (BAM), 4.00%, 11/15/48 | 8000 | &nbsp;&nbsp;&nbsp;&nbsp; 6895722 |
| New York Transportation Development Corp., (John F. Kennedy Airport Terminal 6 Redevelopment), Green Bonds, (AG), (AMT), 5.25%, 12/31/54 | 3360 | &nbsp;&nbsp;&nbsp;&nbsp; 3365192 |
| New York Transportation Development Corp., (John F. Kennedy International Airport New Terminal One): |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AG), (AMT), 5.00%, 6/30/49 | 7835 | &nbsp;&nbsp;&nbsp;&nbsp; 7722968 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AG), (AMT), 5.00%, 6/30/54 | 3745 | &nbsp;&nbsp;&nbsp;&nbsp; 3633924 |
| St. Louis, MO, (Lambert International Airport), (AG), 5.25%, 7/1/54 | 4800 | &nbsp;&nbsp;&nbsp;&nbsp; 4949582 |
|  |  | &nbsp;&nbsp;**$76138685** |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation — 2.2% | Lease Revenue/Certificates of Participation — 2.2% | Lease Revenue/Certificates of Participation — 2.2% |
| Battery Park City Authority, NY, Sustainability Bonds, 5.00%, 11/1/53 | $12000 | &nbsp;&nbsp;$12319600 |
| Florence County School District No. 3, SC, 4.25%, 12/1/44 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1378715 |
| Kentucky Property and Building Commission, 4.125%, 4/1/45 | 3050 | &nbsp;&nbsp;&nbsp;&nbsp; 2760652 |
| Maryland Stadium Authority, 5.00%, 5/1/50 | 8980 | &nbsp;&nbsp;&nbsp;&nbsp; 9387109 |
| National Finance Authority, NH, (Centurion BioSquare, Inc.), 5.88%, 12/15/38 | 9185 | &nbsp;&nbsp;&nbsp;&nbsp; 9235070 |
| New Jersey Economic Development Authority, (Portal North Bridge), 5.25%, 11/1/47 | 12700 | &nbsp;&nbsp;&nbsp;&nbsp; 13005805 |
| New Jersey Transportation Trust Fund Authority, (Transportation Program): |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, 6/15/50 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 8892589 |
| &nbsp;&nbsp;&nbsp;4.25%, 6/15/44 | 1985 | &nbsp;&nbsp;&nbsp;&nbsp; 1854761 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/46 | 6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6081797 |
| &nbsp;&nbsp;&nbsp;2019 Series AA, 5.25%, 6/15/43 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10090634 |
| &nbsp;&nbsp;&nbsp;2020 Series AA, 4.00%, 6/15/50 | 13500 | &nbsp;&nbsp;&nbsp;&nbsp; 11763473 |
| &nbsp;&nbsp;&nbsp;2022 Series CC, 5.25%, 6/15/43 | 5750 | &nbsp;&nbsp;&nbsp;&nbsp; 5979634 |
| Virginia Public School Authority, 5.00%, 8/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 309562 |
|  |  | &nbsp;&nbsp;**$93059401** |
| Other Revenue — 3.4% | Other Revenue — 3.4% | Other Revenue — 3.4% |
| Black Belt Energy Gas District, AL, 5.25% to 10/1/30 (Put Date), 1/1/54 | $11250 | &nbsp;&nbsp;$11973222 |
| Buckeye Tobacco Settlement Financing Authority, OH, 5.00%, 6/1/55 | 21890 | &nbsp;&nbsp;&nbsp;&nbsp; 18688423 |
| California Community Choice Financing Authority, Clean Energy Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 12/1/32 (Put Date), 1/1/55 | 3505 | &nbsp;&nbsp;&nbsp;&nbsp; 3623239 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.50% to 11/1/30 (Put Date), 10/1/54 | 10270 | &nbsp;&nbsp;&nbsp;&nbsp; 11016325 |
| Central Falls Detention Facility Corp., RI, 7.25%, 7/15/35<sup>(7)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 97500 |
| Main Street Natural Gas, Inc., GA, Gas Supply Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00% to 9/1/30 (Put Date), 9/1/53 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10580001 |
| &nbsp;&nbsp;&nbsp;5.00% to 6/1/31 (Put Date), 12/1/53 | 12500 | &nbsp;&nbsp;&nbsp;&nbsp; 13177101 |
| &nbsp;&nbsp;&nbsp;5.00% to 12/1/30 (Put Date), 5/1/54 | 11750 | &nbsp;&nbsp;&nbsp;&nbsp; 12366795 |
| Minnesota Municipal Gas Agency, (Liq: Royal Bank of Canada), 3.921%, (67% of SOFR + 1.00%), 12/1/52<sup>(8)</sup> | 12500 | &nbsp;&nbsp;&nbsp;&nbsp; 12483261 |
| Oregon Department of Administrative Services, State Lottery Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2148317 |
| &nbsp;&nbsp;&nbsp;5.25%, 4/1/42 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3254087 |
| &nbsp;&nbsp;&nbsp;5.25%, 4/1/44 | 2530 | &nbsp;&nbsp;&nbsp;&nbsp; 2713374 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Other Revenue (continued) | Other Revenue (continued) | Other Revenue (continued) |
| Patriots Energy Group Financing Agency, SC, Gas Supply Revenue, 5.25% to 8/1/31 (Put Date), 10/1/54 | $10750 | &nbsp;&nbsp;$11368313 |
| Public Finance Authority, WI, (Inperium, Inc.), 5.75%, 12/1/54<sup>(4)</sup> | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 3969598 |
| Southeast Energy Authority, AL: |  |  |
| &nbsp;&nbsp;&nbsp;5.00% to 2/1/31 (Put Date), 5/1/55 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2641180 |
| &nbsp;&nbsp;&nbsp;5.00% to 6/1/35 (Put Date), 1/1/56 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 765842 |
| &nbsp;&nbsp;&nbsp;5.25% to 11/1/35 (Put Date), 11/1/55 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10758230 |
| Texas Municipal Gas Acquisition and Supply Corp. I, Gas Supply Revenue, 6.25%, 12/15/26 | 6935 | &nbsp;&nbsp;&nbsp;&nbsp; 7118369 |
| Texas Municipal Gas Acquisition and Supply Corp. II, Gas Supply Revenue, 3.713%, (66% of 3 mo. SOFR + 0.863%), 9/15/27<sup>(8)</sup> | 3075 | &nbsp;&nbsp;&nbsp;&nbsp; 3077134 |
|  |  | &nbsp;&nbsp;**$141820311** |
| Senior Living/Life Care — 1.0% | Senior Living/Life Care — 1.0% | Senior Living/Life Care — 1.0% |
| Iowa Finance Authority, (Lifespace Communities, Inc.), 5.125%, 5/15/59 | $8415 | &nbsp;&nbsp;$7931810 |
| Massachusetts Development Finance Agency, (NewBridge on the Charles, Inc.), 5.00%, 10/1/47<sup>(4)</sup> | 3750 | &nbsp;&nbsp;&nbsp;&nbsp; 3573850 |
| New Hope Cultural Education Facilities Finance Corp., TX, (Bella Vida Forefront Living): |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, 10/1/30 | 3180 | &nbsp;&nbsp;&nbsp;&nbsp; 3183983 |
| &nbsp;&nbsp;&nbsp;5.25%, 10/1/30 | 5110 | &nbsp;&nbsp;&nbsp;&nbsp; 5116576 |
| Palm Beach County Health Facilities Authority, FL, (Green Cay Life Plan Village), 11.50%, 7/1/27<sup>(4)</sup> | 5570 | &nbsp;&nbsp;&nbsp;&nbsp; 7627846 |
| South Carolina Jobs-Economic Development Authority, (Seafields Kiawah Island Project), 5.25%, 11/15/28 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10008410 |
| Tarrant County Cultural Education Facilities Finance Corp., TX, (MRC Stevenson Oaks): |  |  |
| &nbsp;&nbsp;&nbsp;6.625%, 11/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp; 657676 |
| &nbsp;&nbsp;&nbsp;6.875%, 11/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp; 163062 |
| Wisconsin Health and Educational Facilities Authority, (Three Pillars Senior Living Communities), 4.20%, 8/15/28 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 3982944 |
|  |  | &nbsp;&nbsp;**$42246157** |
| Special Tax Revenue — 9.6% | Special Tax Revenue — 9.6% | Special Tax Revenue — 9.6% |
| Aerotropolis Regional Transportation Authority, CO, 5.50%, 12/1/44<sup>(4)</sup> | $14625 | &nbsp;&nbsp;$14159289 |
| Central Puget Sound Regional Transit Authority, WA, Sales and Motor Vehicle Excise Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 11/1/46 | 11525 | &nbsp;&nbsp;&nbsp;&nbsp; 10277918 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/1/41 | 13840 | &nbsp;&nbsp;&nbsp;&nbsp; 13985936 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue (continued) | Special Tax Revenue (continued) | Special Tax Revenue (continued) |
| Hampton Roads Transportation Accountability Commission, VA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/46 | $2920 | &nbsp;&nbsp;$3026728 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/48 | 9855 | &nbsp;&nbsp;&nbsp;&nbsp; 9914445 |
| Massachusetts Bay Transportation Authority, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/48 | 5105 | &nbsp;&nbsp;&nbsp;&nbsp; 4651946 |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/51 | 6000 | &nbsp;&nbsp;&nbsp;&nbsp; 5325431 |
| &nbsp;&nbsp;&nbsp;5.25%, 7/1/48 | 14800 | &nbsp;&nbsp;&nbsp;&nbsp; 15456732 |
| Metropolitan Pier and Exposition Authority, IL, (McCormick Place Expansion): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/15/50 | 12060 | &nbsp;&nbsp;&nbsp;&nbsp; 9963545 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/50 | 4265 | &nbsp;&nbsp;&nbsp;&nbsp; 4176388 |
| Metropolitan Transportation Authority, NY: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.00%, 11/15/51 | 4835 | &nbsp;&nbsp;&nbsp;&nbsp; 4247642 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/15/47 | 13685 | &nbsp;&nbsp;&nbsp;&nbsp; 13762512 |
| Michigan Trunk Line Fund, 5.00%, 11/15/46 | 18000 | &nbsp;&nbsp;&nbsp;&nbsp; 18571820 |
| Mida Mountain Village Public Infrastructure District, UT, 6.00%, 6/15/54<sup>(4)</sup> | 3370 | &nbsp;&nbsp;&nbsp;&nbsp; 3390077 |
| Nevada, Highway Improvement Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 12/1/40 | 3060 | &nbsp;&nbsp;&nbsp;&nbsp; 2526813 |
| &nbsp;&nbsp;&nbsp;3.00%, 12/1/41 | 3415 | &nbsp;&nbsp;&nbsp;&nbsp; 2779140 |
| &nbsp;&nbsp;&nbsp;3.00%, 12/1/43 | 6050 | &nbsp;&nbsp;&nbsp;&nbsp; 4748847 |
| &nbsp;&nbsp;&nbsp;Series 2024C, 3.00%, 12/1/42 | 5950 | &nbsp;&nbsp;&nbsp;&nbsp; 4758745 |
| &nbsp;&nbsp;&nbsp;Series 2024D, 3.00%, 12/1/42 | 3515 | &nbsp;&nbsp;&nbsp;&nbsp; 2806477 |
| New River Community Development District, FL, (Capital Improvements): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/13<sup>(7)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;5.35%, 5/1/38<sup>(7)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;5.75%, 5/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp; 297537 |
| New York City Transitional Finance Authority, NY, Future Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/38 | 30655 | &nbsp;&nbsp;&nbsp;&nbsp; 33359804 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/46 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp; 13260049 |
| &nbsp;&nbsp;&nbsp;5.00%, 5/1/53 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10124632 |
| &nbsp;&nbsp;&nbsp;(SPA: Barclays Bank PLC), 3.90%, 11/1/44<sup>(2)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;(SPA: JPMorgan Chase Bank, N.A.), 4.00%, 8/1/39<sup>(2)</sup> | 23000 | &nbsp;&nbsp;&nbsp;&nbsp; 23000000 |
| &nbsp;&nbsp;&nbsp;(SPA: JPMorgan Chase Bank, N.A.), 4.00%, 8/1/45<sup>(2)</sup> | 14000 | &nbsp;&nbsp;&nbsp;&nbsp; 14000000 |
| New York Dormitory Authority, Personal Income Tax Revenue, 4.00%, 2/15/47 | 8275 | &nbsp;&nbsp;&nbsp;&nbsp; 7373771 |
| New York Dormitory Authority, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/15/49 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4433581 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/39 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10309179 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/51 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5069446 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/53 | 11060 | &nbsp;&nbsp;&nbsp;&nbsp; 11192544 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue (continued) | Special Tax Revenue (continued) | Special Tax Revenue (continued) |
| New York State Urban Development Corp., Personal Income Tax Revenue, 5.00%, 3/15/49 | $25000 | &nbsp;&nbsp;$25548183 |
| New York State Urban Development Corp., Sales Tax Revenue, 5.00%, 3/15/49 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10169319 |
| Pasco County, FL, Sales Tax Revenue, 5.00%, 10/1/49 | 9245 | &nbsp;&nbsp;&nbsp;&nbsp; 9552790 |
| Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue, 4.00%, 12/1/51 | 4600 | &nbsp;&nbsp;&nbsp;&nbsp; 4004634 |
| Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 21726 | &nbsp;&nbsp;&nbsp;&nbsp; 20457065 |
| Queen Creek, AZ, Excise Tax Revenue, 5.00%, 8/1/49 | 1155 | &nbsp;&nbsp;&nbsp;&nbsp; 1186006 |
| Southeastern Pennsylvania Transportation Authority, 5.25%, 6/1/47 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp; 13484546 |
| Southern Hills Plantation I Community Development District, FL: |  |  |
| &nbsp;&nbsp;&nbsp;Series A1, 5.80%, 5/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp; 303122 |
| &nbsp;&nbsp;&nbsp;Series A2, 5.80%, 5/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp; 188447 |
| Sterling Hill Community Development District, FL, 6.20%, 5/1/35 | 1532 | &nbsp;&nbsp;&nbsp;&nbsp; 673925 |
| Triborough Bridge and Tunnel Authority, NY: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1015842 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/54 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5163884 |
| Triborough Bridge and Tunnel Authority, NY, Payroll Mobility Tax: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021A, 5.00%, 5/15/51 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp; 6536722 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.25%, 5/15/47 | 8065 | &nbsp;&nbsp;&nbsp;&nbsp; 8357672 |
| Triborough Bridge and Tunnel Authority, NY, Sales Tax Revenue, 4.00%, 5/15/48 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4404018 |
|  |  | &nbsp;&nbsp;**$401997149** |
| Transportation — 14.6% | Transportation — 14.6% | Transportation — 14.6% |
| Allegheny County Airport Authority, PA, (Pittsburgh International Airport), (AMT), 5.00%, 1/1/51 | $12145 | &nbsp;&nbsp;$11958810 |
| Atlanta, GA, Airport Revenue, Green Bonds, (AMT), 5.25%, 7/1/41 | 5820 | &nbsp;&nbsp;&nbsp;&nbsp; 6054970 |
| Atlanta, GA, Department of Aviation, Green Bonds, 5.00%, 7/1/49<sup>(1)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10274300 |
| Austin, TX, Airport System Revenue, (AMT), 5.00%, 11/15/38 | 6175 | &nbsp;&nbsp;&nbsp;&nbsp; 6304702 |
| Burbank-Glendale-Pasadena Airport Authority, CA, (AMT), 5.25%, 7/1/49 | 15130 | &nbsp;&nbsp;&nbsp;&nbsp; 15397066 |
| Chicago, IL, (Midway International Airport), 5.00%, 1/1/41 | 6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6008203 |
| Chicago, IL, (O'Hare International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 1/1/44 | 9500 | &nbsp;&nbsp;&nbsp;&nbsp; 8435903 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/48 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10165318 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 1/1/39 | 2560 | &nbsp;&nbsp;&nbsp;&nbsp; 2570720 |
| Dallas and Fort Worth, TX, (Dallas/Fort Worth International Airport), 4.00%, 11/1/45 | 6140 | &nbsp;&nbsp;&nbsp;&nbsp; 5627268 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/40 | $5100 | &nbsp;&nbsp;$5102868 |
| Denver City and County, CO, Airport System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 12/1/35 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5105816 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 12/1/38 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10077853 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 11/15/42 | 9575 | &nbsp;&nbsp;&nbsp;&nbsp; 9643457 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 11/15/53 | 5835 | &nbsp;&nbsp;&nbsp;&nbsp; 5742345 |
| Greater Orlando Aviation Authority, FL, (AMT), 5.25%, 10/1/51 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 15298072 |
| Hawaii, Airports System Revenue, (AMT), 5.00%, 7/1/43 | 3900 | &nbsp;&nbsp;&nbsp;&nbsp; 3890272 |
| Illinois Toll Highway Authority, 5.25%, 1/1/43 | 16835 | &nbsp;&nbsp;&nbsp;&nbsp; 17788885 |
| Indianapolis Local Public Improvement Bond Bank, IN, (Indianapolis Airport Authority), (AMT), 5.25%, 1/1/40 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5156838 |
| Kansas City Industrial Development Authority, MO, (Kansas City International Airport Terminal Modernization): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 3/1/38 | 13500 | &nbsp;&nbsp;&nbsp;&nbsp; 13696270 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 3/1/46 | 6865 | &nbsp;&nbsp;&nbsp;&nbsp; 6802045 |
| Los Angeles Department of Airports, CA, (Los Angeles International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/15/46 | 19935 | &nbsp;&nbsp;&nbsp;&nbsp; 19953673 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.00%, 5/15/47 | 17750 | &nbsp;&nbsp;&nbsp;&nbsp; 17761032 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 5/15/44 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 7373232 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 5/15/45 | 7500 | &nbsp;&nbsp;&nbsp;&nbsp; 7863945 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 5/15/43 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 7294618 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 5/15/44 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 7256171 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 5/15/45 | 5500 | &nbsp;&nbsp;&nbsp;&nbsp; 5675712 |
| Massachusetts, (Rail Enhancement Program), Sustainability Bonds, 5.00%, 6/1/53<sup>(1)</sup> | 16500 | &nbsp;&nbsp;&nbsp;&nbsp; 16783965 |
| Metropolitan Nashville Airport Authority, TN, (AMT), 5.00%, 7/1/49 | 7880 | &nbsp;&nbsp;&nbsp;&nbsp; 7745924 |
| Metropolitan Transportation Authority, NY: |  |  |
| &nbsp;&nbsp;&nbsp;(LOC: Barclays Bank PLC), 3.90%, 11/15/50<sup>(2)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;(LOC: Truist Bank), 4.05%, 11/1/32<sup>(2)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 4.75%, 11/15/45 | 3050 | &nbsp;&nbsp;&nbsp;&nbsp; 2976552 |
| Metropolitan Washington Airports Authority, D.C.: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/44 | 15750 | &nbsp;&nbsp;&nbsp;&nbsp; 15766755 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 10/1/50<sup>(6)</sup> | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2250071 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 10/1/41<sup>(6)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1054970 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 10/1/42<sup>(6)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1045627 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.50%, 10/1/43<sup>(6)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 797509 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.50%, 10/1/44<sup>(6)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1057629 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.50%, 10/1/45<sup>(6)</sup> | 1530 | &nbsp;&nbsp;&nbsp;&nbsp; 1610772 |
| Minneapolis-St. Paul Metropolitan Airports Commission, MN, (AMT), 5.25%, 1/1/49 | 5830 | &nbsp;&nbsp;&nbsp;&nbsp; 5928311 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| New Jersey Turnpike Authority: |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 1/1/48 | $2575 | &nbsp;&nbsp;$2495479 |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/34 | 9000 | &nbsp;&nbsp;&nbsp;&nbsp; 10155624 |
| &nbsp;&nbsp;&nbsp;5.25%, 1/1/49 | 2855 | &nbsp;&nbsp;&nbsp;&nbsp; 2971570 |
| New York Transportation Development Corp., (John F. Kennedy International Airport New Terminal One), Green Bonds, (AMT), 6.00%, 6/30/54 | 5765 | &nbsp;&nbsp;&nbsp;&nbsp; 5958319 |
| New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment), (AMT), 5.25%, 1/1/50 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 3946473 |
| New York Transportation Development Corp., (Terminal 4 John F. Kennedy International Airport), (AMT), 5.00%, 12/1/29 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10599843 |
| North Texas Tollway Authority, 4.125%, 1/1/39 | 9630 | &nbsp;&nbsp;&nbsp;&nbsp; 9596998 |
| Oklahoma Turnpike Authority: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 1/1/45 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4156873 |
| &nbsp;&nbsp;&nbsp;5.50%, 1/1/53 | 12500 | &nbsp;&nbsp;&nbsp;&nbsp; 13040414 |
| Pennsylvania Economic Development Financing Authority, (PennDOT Major Bridges Package One), (AMT), 5.25%, 6/30/53 | 17130 | &nbsp;&nbsp;&nbsp;&nbsp; 17144540 |
| Pennsylvania Turnpike Commission: |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 12/1/44 | 2965 | &nbsp;&nbsp;&nbsp;&nbsp; 2839858 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/46 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4969486 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/1/48 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10170840 |
| Phoenix Civic Improvement Corp., AZ, Airport Revenue, (AMT), 5.00%, 7/1/42 | 6250 | &nbsp;&nbsp;&nbsp;&nbsp; 6252067 |
| Port Authority of New York and New Jersey: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/38 | 6130 | &nbsp;&nbsp;&nbsp;&nbsp; 6383160 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 12/1/44 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 4540240 |
| Port of Portland, OR, (Portland International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/44 | 7815 | &nbsp;&nbsp;&nbsp;&nbsp; 7786620 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/45 | 8945 | &nbsp;&nbsp;&nbsp;&nbsp; 8879777 |
| &nbsp;&nbsp;&nbsp;Green Bonds, (AMT), 5.25%, 7/1/43 | 17945 | &nbsp;&nbsp;&nbsp;&nbsp; 18514721 |
| Port of Seattle, WA: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/43 | 11530 | &nbsp;&nbsp;&nbsp;&nbsp; 11520220 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 4/1/44 | 8615 | &nbsp;&nbsp;&nbsp;&nbsp; 8533700 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 8/1/46 | 11915 | &nbsp;&nbsp;&nbsp;&nbsp; 11753277 |
| Salt Lake City, UT, (Salt Lake City International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/42 | 17330 | &nbsp;&nbsp;&nbsp;&nbsp; 17266316 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/43 | 2370 | &nbsp;&nbsp;&nbsp;&nbsp; 2355761 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/46 | 9930 | &nbsp;&nbsp;&nbsp;&nbsp; 9826155 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 7/1/48 | 16260 | &nbsp;&nbsp;&nbsp;&nbsp; 16290702 |
| San Diego County Regional Airport Authority, CA, (San Diego International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/48 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 14996869 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 7/1/44<sup>(6)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1039363 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| San Diego County Regional Airport Authority, CA, (San Diego International Airport): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 7/1/50<sup>(6)</sup> | $5000 | &nbsp;&nbsp;$5113509 |
| San Francisco City and County Airport Commission, CA, (San Francisco International Airport), (AMT), 5.50%, 5/1/43 | 7200 | &nbsp;&nbsp;&nbsp;&nbsp; 7543909 |
| Triborough Bridge and Tunnel Authority, NY, (LOC: TD Bank, N.A.), 3.95%, 1/1/32<sup>(2)</sup> | 12360 | &nbsp;&nbsp;&nbsp;&nbsp; 12360000 |
| Virginia Small Business Financing Authority, (95 Express Lanes, LLC), (AMT), 4.00%, 1/1/39 | 9070 | &nbsp;&nbsp;&nbsp;&nbsp; 8416232 |
| Wayne County Airport Authority, MI, (Detroit Metropolitan Wayne County Airport), (AMT), 5.75%, 12/1/50<sup>(6)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1057890 |
|  |  | &nbsp;&nbsp;**$609775254** |
| Water and Sewer — 7.3% | Water and Sewer — 7.3% | Water and Sewer — 7.3% |
| Beaufort-Jasper Water and Sewer Authority, SC: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/46 | $4800 | &nbsp;&nbsp;$4351714 |
| &nbsp;&nbsp;&nbsp;4.00%, 3/1/50 | 2440 | &nbsp;&nbsp;&nbsp;&nbsp; 2153417 |
| Charleston, SC, Waterworks and Sewer System Revenue, Series 2022, 5.00%, 1/1/47 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5170719 |
| Charlotte, NC, Water and Sewer System Revenue, 4.00%, 7/1/52 | 13445 | &nbsp;&nbsp;&nbsp;&nbsp; 12083039 |
| Corpus Christi, TX, Utility System Revenue, 4.00%, 7/15/48 | 3930 | &nbsp;&nbsp;&nbsp;&nbsp; 3534179 |
| Dallas, TX, Waterworks and Sewer System Revenue, 4.25%, 10/1/51 | 12855 | &nbsp;&nbsp;&nbsp;&nbsp; 11691184 |
| District of Columbia Water and Sewer Authority, 4.00%, 10/1/51 | 10655 | &nbsp;&nbsp;&nbsp;&nbsp; 9186223 |
| East Bay Municipal Utility District, CA, Water System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/39 | 1675 | &nbsp;&nbsp;&nbsp;&nbsp; 1884719 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/40 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp; 1333251 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/41 | 1195 | &nbsp;&nbsp;&nbsp;&nbsp; 1313550 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/43 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp; 1216196 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/44 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp; 1397809 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1070308 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 6/1/50 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 4748765 |
| Fort Lauderdale, FL, Water and Sewer Revenue, 5.50%, 9/1/48 | 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 11817912 |
| Fuquay-Varina, NC, Combined Utilities Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 6/1/39 | 3105 | &nbsp;&nbsp;&nbsp;&nbsp; 2734907 |
| &nbsp;&nbsp;&nbsp;3.00%, 6/1/40 | 3050 | &nbsp;&nbsp;&nbsp;&nbsp; 2590126 |
| &nbsp;&nbsp;&nbsp;4.125%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp; 610147 |
| Greenville County Metropolitan Sewer Subdistrict, SC, 4.00%, 6/1/54 | 2290 | &nbsp;&nbsp;&nbsp;&nbsp; 1966996 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer (continued) | Water and Sewer (continued) | Water and Sewer (continued) |
| Illinois Finance Authority: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 7/1/44 | $1000 | &nbsp;&nbsp;$1045657 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 7/1/45 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1818643 |
| JEA, FL, Water and Sewer System Revenue, Series 2025-A, 5.25%, 10/1/49 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10470119 |
| Johnston County, NC, Water and Sewer System Revenue, 4.00%, 4/1/54 | 2345 | &nbsp;&nbsp;&nbsp;&nbsp; 2050941 |
| Kansas City, MO, Sanitary Sewer System Revenue, 4.00%, 1/1/48 | 3900 | &nbsp;&nbsp;&nbsp;&nbsp; 3481697 |
| New York City Municipal Water Finance Authority, NY, (Water and Sewer System): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/47 | 8000 | &nbsp;&nbsp;&nbsp;&nbsp; 8136411 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/48 | 16515 | &nbsp;&nbsp;&nbsp;&nbsp; 16938532 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/48 | 6000 | &nbsp;&nbsp;&nbsp;&nbsp; 6165110 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/15/50 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5037369 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/47 | 5510 | &nbsp;&nbsp;&nbsp;&nbsp; 5736644 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/48 | 13500 | &nbsp;&nbsp;&nbsp;&nbsp; 14031664 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/53 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4164390 |
| &nbsp;&nbsp;&nbsp;5.25%, 6/15/54 | 11475 | &nbsp;&nbsp;&nbsp;&nbsp; 11847027 |
| &nbsp;&nbsp;&nbsp;(SPA: JPMorgan Chase Bank, N.A.), 4.00%, 6/15/44<sup>(2)</sup> | 30150 | &nbsp;&nbsp;&nbsp;&nbsp; 30150000 |
| &nbsp;&nbsp;&nbsp;(SPA: TD Bank N.A.), 3.95%, 6/15/55<sup>(2)</sup> | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 |
| Peace River Manasota Regional Water Supply Authority, FL, 4.00%, 10/1/54 | 5850 | &nbsp;&nbsp;&nbsp;&nbsp; 5054030 |
| Phoenix Civic Improvement Corp., AZ, Wastewater System Revenue, 5.25%, 7/1/47 | 17200 | &nbsp;&nbsp;&nbsp;&nbsp; 17967624 |
| San Antonio, TX, Water System Revenue, (SPA: Truist Bank), 3.95%, 5/1/54<sup>(2)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 |
| San Francisco City and County Public Utilities Commission, CA, Water Revenue, 5.00%, 11/1/40 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3365199 |
| San Mateo-Foster City Public Financing Authority, CA, (Clean Water Program), 5.00%, 8/1/49 | 9000 | &nbsp;&nbsp;&nbsp;&nbsp; 9225177 |
| Seattle, WA, Drainage and Wastewater Revenue, 5.25%, 5/1/50 | 1850 | &nbsp;&nbsp;&nbsp;&nbsp; 1941357 |
| Seattle, WA, Water System Revenue, Green Bonds, 5.00%, 9/1/52 | 8610 | &nbsp;&nbsp;&nbsp;&nbsp; 8793624 |
| Tarrant Regional Water District, TX, Water Revenue, 4.00%, 3/1/54 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 8604640 |
| Texas Water Development Board, 4.25%, 10/15/51 | 4760 | &nbsp;&nbsp;&nbsp;&nbsp; 4328834 |
| Tualatin Valley Water District, OR: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/48 | 3380 | &nbsp;&nbsp;&nbsp;&nbsp; 3465110 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/49 | 4120 | &nbsp;&nbsp;&nbsp;&nbsp; 4216863 |
| Washington Suburban Sanitary District, MD: |  |  |
| &nbsp;&nbsp;&nbsp;2.125%, 6/1/38 | 10770 | &nbsp;&nbsp;&nbsp;&nbsp; 8112356 |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Water and Sewer (continued) | Water and Sewer (continued) | Water and Sewer (continued) |
| Washington Suburban Sanitary District, MD: <br> (continued) |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/45 | $11600 | &nbsp;&nbsp;$10786512 |
|  |  | &nbsp;&nbsp;**$302790691** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $4,159,093,894) |  | &nbsp;&nbsp;**$4086176287** |

---

Taxable Municipal Obligations — 1.9%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Cogeneration — 0.0%<sup>†</sup> | Cogeneration — 0.0%<sup>†</sup> | Cogeneration — 0.0%<sup>†</sup> |
| Northampton County Industrial Development Authority, PA, (Northampton Generating), 5.00%, 6/30/27<sup>(3)</sup> | $8071 | &nbsp;&nbsp;$1452793 |
|  |  | &nbsp;&nbsp;**$1452793** |
| Education — 0.0%<sup>†</sup> | Education — 0.0%<sup>†</sup> | Education — 0.0%<sup>†</sup> |
| San Antonio Education Facilities Corp., TX, (University of the Incarnate Word), 3.15%, 4/1/37 | $1750 | &nbsp;&nbsp;$1381209 |
|  |  | &nbsp;&nbsp;**$1381209** |
| Electric Utilities — 0.1% | Electric Utilities — 0.1% | Electric Utilities — 0.1% |
| Energy Northwest, WA, 4.317%, 7/1/30 | $5000 | &nbsp;&nbsp;$5053106 |
|  |  | &nbsp;&nbsp;**$5053106** |
| General Obligations — 0.3% | General Obligations — 0.3% | General Obligations — 0.3% |
| California, 4.875%, 9/1/30 | $10000 | &nbsp;&nbsp;$10353039 |
|  |  | &nbsp;&nbsp;**$10353039** |
| Insured - Transportation — 1.1% | Insured - Transportation — 1.1% | Insured - Transportation — 1.1% |
| Alameda Corridor Transportation Authority, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 0.00%, 10/1/43 | $14295 | &nbsp;&nbsp;$4646837 |
| &nbsp;&nbsp;&nbsp;(AMBAC), 0.00%, 10/1/26 | 14395 | &nbsp;&nbsp;&nbsp;&nbsp; 13610683 |
| &nbsp;&nbsp;&nbsp;(AMBAC), 0.00%, 10/1/27 | 22355 | &nbsp;&nbsp;&nbsp;&nbsp; 20240505 |
| &nbsp;&nbsp;&nbsp;(AMBAC), Escrowed to Maturity, 0.00%, 10/1/26 | 8105 | &nbsp;&nbsp;&nbsp;&nbsp; 7708636 |
|  |  | &nbsp;&nbsp;**$46206661** |
| Lease Revenue/Certificates of Participation — 0.0%<sup>†</sup> | Lease Revenue/Certificates of Participation — 0.0%<sup>†</sup> | Lease Revenue/Certificates of Participation — 0.0%<sup>†</sup> |
| National Finance Authority, NH, (Centurion BioSquare, Inc.), 9.58%, 12/15/38 | $&nbsp;&nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;$615707 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) |
| National Finance Authority, NH, (Centurion Foundation), 11.00%, 12/15/38 | $&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;$300326 |
|  |  | &nbsp;&nbsp;**$916033** |
| Transportation — 0.4% | Transportation — 0.4% | Transportation — 0.4% |
| Foothill/Eastern Transportation Corridor Agency, CA, 4.094%, 1/15/49 | $20856 | &nbsp;&nbsp;$16737831 |
|  |  | &nbsp;&nbsp;**$16737831** |
| Total Taxable Municipal Obligations<br> (identified cost $88,138,046) |  | &nbsp;&nbsp;**$82100672** |
| Total Investments — 100.0%<br> (identified cost $4,253,870,268) |  | &nbsp;&nbsp;**$4175415784** |
| Other Assets, Less Liabilities — (0.0)%<sup>†</sup> |  | &nbsp;&nbsp;**$(1246582)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$4174169202** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>†</sup> | Amount is less than 0.05% or (0.05)%, as applicable. |
| <sup>(1)</sup> | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| <sup>(2)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the same or next business day. The stated interest rate, which generally resets daily, is determined by the remarketing agent and represents the rate in effect at June 30, 2025. |
| <sup>(3)</sup> | Represents a payment-in-kind security which may pay interest in additional principal at the issuer's discretion. |
| <sup>(4)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At June 30, 2025, the aggregate value of these securities is $48,283,755 or 1.2% of the Fund's net assets. |
| <sup>(5)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the lesser of 5 business days or 7 calendar days. The stated interest rate, which generally resets weekly, is determined by the remarketing agent and represents the rate in effect at June 30, 2025. |
| <sup>(6)</sup> | When-issued security. |
| <sup>(7)</sup> | Issuer is in default with respect to interest and/or principal payments or has declared bankruptcy and is non-income producing. |
| <sup>(8)</sup> | Floating rate security. The stated interest rate represents the rate in effect at June 30, 2025. |

---

------

Eaton Vance<br>

National Municipal Income Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

At June 30, 2025, the concentration of the Fund's investments in the various states and territories, determined as a percentage of net assets, is as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York | 16.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California | 13.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas | 11.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others, representing less than 10% individually | 58.4% |

---

The Fund invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At June 30, 2025, 8.2% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 1.0% to 4.4% of total investments.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AG | – Assured Guaranty, Inc. |

---

---

| | |
|:---|:---|
| AMBAC | – AMBAC Financial Group, Inc. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| BAM | – Build America Mutual Assurance Co. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| GNMA | – Government National Mortgage Association |
| Liq | – Liquidity Provider |
| LOC | – Letter of Credit |
| NPFG | – National Public Finance Guarantee Corp. |
| PSF | – Permanent School Fund |
| SFMR | – Single Family Mortgage Revenue |
| SOFR | – Secured Overnight Financing Rate |
| SPA | – Standby Bond Purchase Agreement |

---

The Fund did not have any open derivative instruments at June 30, 2025.

Fair Value Measurements

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 – quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At June 30, 2025, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Corporate Bonds | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$7138825 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$7138825 |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4086176287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4086176287 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82100672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82100672 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$4175415784** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$4175415784** |

---

For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Eaton Vance Municipals Trust

- **b. Investment Company Act file number:** 811-04409

- **c. CIK number of Registrant:** 0000778365

- **d. LEI of Registrant:** 549300URENTSNA53MO13

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

  - **Street Address 1:** One Post Office Square

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **Telephone number:** 617-482-8260

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

- **a. Name of Series:** Eaton Vance National Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000004846

- **c. LEI of Series:** 549300N2KPNEF2ERMT46

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $4243828485.05

**Total Liabilities:** $80067926.82

**Net Assets:** $4163760558.23

**Delayed Delivery Securities:** $16669103.00

**Cash Not Reported:** $1635510.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4826.44000000 | **1-Year:** -112149.37000000 | **5-Year:** -591731.18000000 | **10-Year:** -1874624.56000000 | **30-Year:** -761387.80000000

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

- **3-Month:** -304.94000000 | **1-Year:** -13079.30000000 | **5-Year:** -37153.10000000 | **10-Year:** -72040.27000000 | **30-Year:** -35909.41000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013123 | -0.68%               | -0.92%               | 0.55%                |
| Class ID C000013125 | -0.74%               | -0.98%               | 0.49%                |
| Class ID C000013126 | -0.66%               | -0.90%               | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18269945.70            | $-28822376.40                              |
| Month 2  | $-9676193.05             | $-42402811.42                              |
| Month 3  | $-6568516.27             | $15130481.01                               |

**Designated Index Information**

- **Index Name:** BB Barclays Municipal Bd

- **Index Identifier:** MBINDEX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DZS4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10941341.00  | 0.26%             | 2064-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX  | CUSIP: 896032BA6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015842.40   | 0.02%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasco Public Facilities District Sales Tax Revenue                               | PASCO PUBLIC FACS DIST WA SALES TAX REVENUE                  | CUSIP: 70255CAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2459267.04   | 0.06%             | 2049-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                                      | WSTRN MI UNIV                                                | CUSIP: 958638B64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6707259.65   | 0.16%             | 2054-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974E3B0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20645356.00  | 0.50%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BKD9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2268562.80   | 0.05%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Howell Public Schools                                                            | HOWELL MI PUBLIC SCHS                                        | CUSIP: 443114WR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5741847.65   | 0.14%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3946473.20   | 0.09%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250FA7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  10235000 | PA      | $9350911.96   | 0.22%             | 2042-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111E59<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4156873.20   | 0.10%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A2H9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6895722.40   | 0.17%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GQR6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.24%             | 2054-05-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Central Dauphin School District                                                  | CENTRAL DAUPHIN PA SCH DIST                                  | CUSIP: 153300YU6<br>LEI: 549300B7BTSSV63QDZ15 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2642630.06   | 0.06%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                               | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835N88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2815174.58   | 0.07%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N6Q1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  13685000 | PA      | $13762511.84  | 0.33%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                        | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16500000 | PA      | $16783965.00  | 0.40%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520RF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1584368.15   | 0.04%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                  | BALDWIN CNTY AL INDL DEV AUTH SOL WST DISP REVENUE           | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3834216.72   | 0.09%             | 2055-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RLD5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  12360000 | PA      | $12360000.00  | 0.30%             | 2032-01-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | SAINT LOUIS MO ARPT REVENUE                                  | CUSIP: 791638T33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4949581.44   | 0.12%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   6935000 | PA      | $7118369.03   | 0.17%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                      | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001JU7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10417370.00  | 0.25%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mabank Independent School District                                               | MABANK TX INDEP SCH DIST                                     | CUSIP: 554086PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5745000 | PA      | $5043021.90   | 0.12%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Luis Coastal Unified School District                                         | SAN LUIS COASTAL CA UNIF SCH DIST                            | CUSIP: 798546ED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11205000 | PA      | $10459040.57  | 0.25%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Lauderdale FL Water & Sewer Revenue                                 | FORT LAUDERDALE FL WTR & SWR REVENUE                         | CUSIP: 347658ZX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11817911.60  | 0.28%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57583RWD3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  16035000 | PA      | $16035000.00  | 0.39%             | 2042-10-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576HM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16260000 | PA      | $16290702.13  | 0.39%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 45471FAF8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2201168.54   | 0.05%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765842.18    | 0.02%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                         | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1884719.21   | 0.05%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CDQ8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1854760.78   | 0.04%             | 2044-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTS AUTH                           | CUSIP: 413893CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  58155000 | PA      | $36847281.33  | 0.88%             | 2034-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fayette County School District/KY                                                | FAYETTE CNTY KY BRD OF EDU                                   | CUSIP: 312391CD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10735000 | PA      | $11310595.67  | 0.27%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281755.50   | 0.03%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111D27<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13040413.75  | 0.31%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Greenville Health System                                                         | GREENVILLE SC HOSP SYS BRD HOSP FACS REVENUE                 | CUSIP: 396080KG7<br>LEI: 549300CT091FFAL47464 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1649877.57   | 0.04%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FD36<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1818643.23   | 0.04%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445C64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17750000 | PA      | $17761031.63  | 0.43%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System Revenue                      | TARRANT TX REGL WTR DIST WTR REVENUE                         | CUSIP: 876443WC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8604640.00   | 0.21%             | 2054-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5105816.50   | 0.12%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520SB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $883271.44    | 0.02%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QC27<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   9560000 | PA      | $9190440.04   | 0.22%             | 2044-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HUZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9770000 | PA      | $10757619.01  | 0.26%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE            | CUSIP: 83703FMF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   7240000 | PA      | $6689193.83   | 0.16%             | 2048-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BHF8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  16855000 | PA      | $19049440.10  | 0.46%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Howell Public Schools                                                            | HOWELL MI PUBLIC SCHS                                        | CUSIP: 443114WT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $7012843.40   | 0.17%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4856218.95   | 0.12%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579L70<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5325431.40   | 0.13%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAB3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6536722.40   | 0.16%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691JX9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5062700.50   | 0.12%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaufort-Jasper Water & Sewer Authority                                          | BEAUFORT-JASPER SC WTR & SWR AUTH WTRWKS & SWR SYS REVENUE   | CUSIP: 074358HS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4351713.60   | 0.10%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                               | GARLAND TX ELEC UTILITY SYS REVENUE                          | CUSIP: 366133TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $163002.11    | 0.00%             | 2048-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 489                                  | HARRIS CNTY TX MUNI UTILITY DIST #489                        | CUSIP: 41423LRT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5920000 | PA      | $5125270.78   | 0.12%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TXG3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5395000 | PA      | $5491891.50   | 0.13%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD                                           | CUSIP: 6133408D3<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |  40000000 | PA      | $40000000.00  | 0.96%             | 2037-11-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2619270.50   | 0.06%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AM53<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.24%             | 2050-11-15      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SME3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  14405000 | PA      | $15001214.31  | 0.36%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Fayetteville NC Public Works Commission Revenue                          | FAYETTEVILLE NC PUBLIC WKS COMMISSION                        | CUSIP: 312805NN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13225000 | PA      | $12804824.56  | 0.31%             | 2049-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD                                           | CUSIP: 61334PEE9<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2829095.60   | 0.07%             | 2039-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WVP6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1361652.05   | 0.03%             | 2049-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20450000 | PA      | $18299504.59  | 0.44%             | 2051-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21890000 | PA      | $18688423.33  | 0.45%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                                | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2380295.70   | 0.06%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | CUSIP: 155048EG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11525000 | PA      | $10277917.78  | 0.25%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10270000 | PA      | $11016325.01  | 0.26%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 667826DU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20402692.00  | 0.49%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CCG1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5979633.73   | 0.14%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647GN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15750000 | PA      | $15766754.85  | 0.38%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442332EE8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   8845000 | PA      | $7800045.51   | 0.19%             | 2051-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Town of Fuquay-Varina NC Combined Utilities Revenue                              | FUQUAY-VARINA NC COMB UTILITIES REVENUE                      | CUSIP: 36106QDC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2590125.88   | 0.06%             | 2040-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                                  | BEND OR                                                      | CUSIP: 081617YG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4940000 | PA      | $5116193.99   | 0.12%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 165                                  | HARRIS CNTY TX MUNI UTILITY DIST #165                        | CUSIP: 4149624W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2004006.07   | 0.05%             | 2046-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4157862.00   | 0.10%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                        | KENTFIELD CA SCH DIST                                        | CUSIP: 490818NR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1515682.48   | 0.04%             | 2051-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AUH6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  11060000 | PA      | $11192544.15  | 0.27%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GH72<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5510000 | PA      | $5736643.93   | 0.14%             | 2047-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NBC2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   6865000 | PA      | $6802044.52   | 0.16%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton                 | WASHINGTON CNTY OR SCH DIST #48J BEAVERTON                   | CUSIP: 9384292B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15270321.00  | 0.37%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION         | CUSIP: 409328CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3026727.75   | 0.07%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 489                                  | HARRIS CNTY TX MUNI UTILITY DIST #489                        | CUSIP: 41423LQS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4495000 | PA      | $3891569.62   | 0.09%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pasadena CA                                                              | PASADENA CA                                                  | CUSIP: 70218GAS4<br>LEI: 5493007ZF3ZMBUWLWB58 | Long             | DBT              | MUN               | US        |   6630000 | PA      | $7253012.48   | 0.17%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                                                | BOSTON MA                                                    | CUSIP: 100853N48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12655000 | PA      | $13448310.31  | 0.32%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AEC2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4199941.20   | 0.10%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647PB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057629.30   | 0.03%             | 2044-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Desert Sands Unified School District                                             | DESERT SANDS CA UNIF SCH DIST                                | CUSIP: 250433WR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13378692.00  | 0.32%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                              | CUSIP: 451295G52<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3328681.60   | 0.08%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UGR3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     45000 | PA      | $37505.54     | 0.00%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4069096.44   | 0.10%             | 2054-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 1810592S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4860000 | PA      | $4763186.37   | 0.11%             | 2041-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Rickenbacker Port Authority                                                      | RICKENBACKER PORT AUTH OH CAPITAL FUNDING REVENUE            | CUSIP: 765639AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8300000 | PA      | $9107566.76   | 0.22%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486E21<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  12350000 | PA      | $11637690.29  | 0.28%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| College of Charleston                                                            | CLG OF CHARLESTON SC HGR EDU FAC REVENUE                     | CUSIP: 194208JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14820000 | PA      | $13372108.23  | 0.32%             | 2055-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582RN85<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7209892.00   | 0.17%             | 2049-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794A44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3890271.84   | 0.09%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5A8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8460000 | PA      | $9124874.78   | 0.22%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592029CZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4648123.44   | 0.11%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collin County Community College District                                         | COLLIN CNTY TX CMNTY CLG DIST                                | CUSIP: 194742GD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12545000 | PA      | $11201032.82  | 0.27%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647PC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1610771.76   | 0.04%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GXF6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5037369.50   | 0.12%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966G4P4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.24%             | 2038-04-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AWW1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5069445.50   | 0.12%             | 2051-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                           | LOUISIANA ST HSG CORP SF MTGE REVENUE                        | CUSIP: 54627DTW1<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6640965.10   | 0.16%             | 2050-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Burbank Unified School District                                                  | BURBANK CA UNIF SCH DIST                                     | CUSIP: 12082SEZ3<br>LEI: 54930068ZHOQ5PICU256 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055778.70   | 0.03%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | WISCONSIN ST                                                 | CUSIP: 97705MWQ4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6420972.60   | 0.15%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                         | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014T36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4748764.95   | 0.11%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654C60<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2986450.20   | 0.07%             | 2045-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579Q83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14800000 | PA      | $15456732.24  | 0.37%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $16073001.00  | 0.39%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21726000 | PA      | $20457064.73  | 0.49%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No 230 Spring Hills             | JOHNSON & MIAMI CNTYS KS UNIF SCH DIST #230                  | CUSIP: 478164KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1794616.96   | 0.04%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TCB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1408426.57   | 0.03%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LKX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4762370.51   | 0.11%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE FUTURE TAX    | CUSIP: 64971QZA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $23000000.00  | 0.55%             | 2039-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PH32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3969597.60   | 0.10%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XKS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.24%             | 2044-11-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KGM1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5730000 | PA      | $5768246.03   | 0.14%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                         | ARIZONA BRD OF RGTS                                          | CUSIP: 040664LL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4425000 | PA      | $4512191.97   | 0.11%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063D2G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $26439795.00  | 0.63%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   8415000 | PA      | $7931809.86   | 0.19%             | 2059-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                          | RIO HONDO CA CMNTY CLG DIST                                  | CUSIP: 767121FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17850000 | PA      | $18553709.48  | 0.45%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  12302860 | PA      | $13278277.49  | 0.32%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Burbank Unified School District                                                  | BURBANK CA UNIF SCH DIST                                     | CUSIP: 12082SEL4<br>LEI: 54930068ZHOQ5PICU256 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059405.80   | 0.03%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida State Board of Governors                                                 | FLORIDA ST BRD GOVERNORS FL STUNIV ATHLETICS ASSN REVENUE    | CUSIP: 34157NBE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7725000 | PA      | $6986032.68   | 0.17%             | 2053-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285AFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4760000 | PA      | $4328833.96   | 0.10%             | 2051-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                      | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001NH1<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3362197.18   | 0.08%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                                      | WSTRN MI UNIV                                                | CUSIP: 958638B56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1533206.45   | 0.04%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Riverside Community College District                                             | RIVERSIDE CA CMNTY CLG DIST                                  | CUSIP: 76886PKX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5920000 | PA      | $5231655.55   | 0.13%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MU98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10274300.00  | 0.25%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                        | OHIO ST UNIV                                                 | CUSIP: 677632Q95<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |  14315000 | PA      | $15041526.33  | 0.36%             | 2046-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                                | HUTTO TX INDEP SCH DIST                                      | CUSIP: 4484924U9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1235698.98   | 0.03%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                               | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835N62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6725000 | PA      | $7174026.23   | 0.17%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7256171.30   | 0.17%             | 2044-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JJH7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3982943.60   | 0.10%             | 2028-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444456G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7863945.00   | 0.19%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NBA6<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $13696269.75  | 0.33%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5835000 | PA      | $5742345.45   | 0.14%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lumberton Municipal Utility District                                             | LUMBERTON TX MUNI UTILITY DIST                               | CUSIP: 550225GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4070000 | PA      | $2634206.97   | 0.06%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH LEASE RENT REVENUE                      | CUSIP: 63610TAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $615706.45    | 0.01%             | 2038-12-15      | Fixed         | 9.58%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067KD9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3926679.41   | 0.09%             | 2064-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FD28<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045657.10   | 0.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SHH2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5094966.50   | 0.12%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Rapids MI                                                          | GRAND RAPIDS MI                                              | CUSIP: 386226P24<br>LEI: 254900GF6XDJ7XO6OR24 | Long             | DBT              | MUN               | US        |  13515000 | PA      | $13840315.51  | 0.33%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562QW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6008202.60   | 0.14%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6140000 | PA      | $5627268.25   | 0.14%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520RJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2976243.81   | 0.07%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                   | UNIV OF MASSACHUSETTS MA BLDGAUTH PROJ REVENUE               | CUSIP: 914440UG5<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20165630.00  | 0.48%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waller Consolidated Independent School District                                  | WALLER TX INDEP SCH DIST                                     | CUSIP: 932493KZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7590000 | PA      | $6609889.64   | 0.16%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AHZ8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $4923928.80   | 0.12%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                             | CLACKAMAS OR CMNTY CLG DIST                                  | CUSIP: 179390QF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595228.25   | 0.04%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   4265000 | PA      | $4176387.80   | 0.10%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   9010000 | PA      | $9164162.00   | 0.22%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                                           | UNIV OF ARKANSAS AR UNIV REVENUE                             | CUSIP: 914073JT9<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |   3070000 | PA      | $3169225.78   | 0.08%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                      | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $2779140.32   | 0.07%             | 2041-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BNV8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1202706 | PA      | $1083515.02   | 0.03%             | 2047-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                    | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769NE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5329651.57   | 0.13%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                              | GEORGIA ST HSG & FIN AUTH REVENUE                            | CUSIP: 373539S63<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   7585000 | PA      | $6538658.35   | 0.16%             | 2044-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                          | WASHINGTON SUBURBAN SAN DIST MD                              | CUSIP: 940158AS7<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |  10770000 | PA      | $8112356.03   | 0.19%             | 2038-06-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201WE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $271696.30    | 0.01%             | 2048-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9105000 | PA      | $7793335.52   | 0.19%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                      | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3515000 | PA      | $2806476.88   | 0.07%             | 2042-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TUV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4115000 | PA      | $3585228.73   | 0.09%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971X8M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10124632.00  | 0.24%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temple Independent School District/TX                                            | TEMPLE TX INDEP SCH DIST                                     | CUSIP: 880081SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12600000 | PA      | $11857444.20  | 0.28%             | 2047-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7912099.50   | 0.19%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151ZZ5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   7595000 | PA      | $6364955.57   | 0.15%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                              | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JK20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12855000 | PA      | $11691184.14  | 0.28%             | 2051-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hacienda La Puente Unified School District/CA                                    | HACIENDA LA PUENTE CA UNIF SCH DIST                          | CUSIP: 40450RFB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8265000 | PA      | $8626611.93   | 0.21%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                             | CLACKAMAS OR CMNTY CLG DIST                                  | CUSIP: 179390QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $467057.44    | 0.01%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9930000 | PA      | $9826155.04   | 0.24%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BWJ5<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1185897.19   | 0.03%             | 2044-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151F5J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2760652.30   | 0.07%             | 2045-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054969.70   | 0.03%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582TCR1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7704177.75   | 0.19%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Greensboro NC                                                            | GREENSBORO NC                                                | CUSIP: 3954608Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $1968712.95   | 0.05%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE               | CUSIP: 63968M7E3<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |  15570000 | PA      | $14853688.14  | 0.36%             | 2044-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10580001.00  | 0.25%             | 2053-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240Q71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7815000 | PA      | $7786619.83   | 0.19%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Dieguito Union High School District                                          | SAN DIEGUITO CA UNION HIGH SCH DIST                          | CUSIP: 797508KR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11136023.00  | 0.27%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VXF6<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   9910000 | PA      | $9804964.90   | 0.24%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582R2Z8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10259167.00  | 0.25%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26585000 | PA      | $26470705.77  | 0.64%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TUJ0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  11775000 | PA      | $10007878.65  | 0.24%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515Q8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2281824.90   | 0.05%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue               | SAN FRANCISCO CA CITY & CNTY PUB UTILS COMMN WTR REVENUE     | CUSIP: 79771FMC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3365199.00   | 0.08%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356JP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7559190.25   | 0.18%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                            | HENNEPIN CNTY MN                                             | CUSIP: 425507GX2<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    685000 | PA      | $685000.00    | 0.02%             | 2038-12-01      | Floating      | 1.85%                 | No            |                  2 | On Loan: No      |
| Belmont-Redwood Shores School District/CA                                        | BELMONT-REDWOOD SHORES CA SCH DIST                           | CUSIP: 080495JY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5753143.55   | 0.14%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aerotropolis Regional Transportation Authority                                   | AEROTROPOLIS REGL TRANPRTN AUTH CO SPL REVENUE               | CUSIP: 008051AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14625000 | PA      | $14159288.81  | 0.34%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UB49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  13845000 | PA      | $14099772.92  | 0.34%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4404018.00   | 0.11%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SL1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9136233.00   | 0.22%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                         | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1216196.44   | 0.03%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6915000 | PA      | $5953815.00   | 0.14%             | 2054-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florence County School District No 3                                             | FLORENCE CNTY SC SCH DIST #3 SPL OBLIG                       | CUSIP: 34015QAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1378715.40   | 0.03%             | 2044-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                    | CUSIP: 68609UPN9<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1754236.41   | 0.04%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520RH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1620357.90   | 0.04%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $11973222.00  | 0.29%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505TH9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |  20515000 | PA      | $18989373.30  | 0.46%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clemson University                                                               | CLEMSON SC UNIV HGR EDU REVENUE                              | CUSIP: 185633BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7955000 | PA      | $7412712.42   | 0.18%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth University Health System Authority                         | VIRGINIA ST CMWLTH UNIV HLTH SYS AUTH REVENUE                | CUSIP: 92778LDN7<br>LEI: 07ROV40HIZGU2Q6OXJ58 | Long             | DBT              | MUN               | US        |  19130000 | PA      | $16996149.89  | 0.41%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carlsbad Unified School District                                                 | CARLSBAD CA UNIF SCH DIST                                    | CUSIP: 142665HT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4820000 | PA      | $4343104.38   | 0.10%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190PG1<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   7880000 | PA      | $7745924.16   | 0.19%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  11750000 | PA      | $12366795.10  | 0.30%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GL44<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6165109.80   | 0.15%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST SPL OBLG DEDICATED TAX REVENUE              | CUSIP: 576002BM0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $12017577.00  | 0.29%             | 2029-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675935D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10165318.00  | 0.24%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                         | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1397809.14   | 0.03%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AMM1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  18120000 | PA      | $15711975.22  | 0.38%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13177101.25  | 0.32%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Nassau NY                                                              | NASSAU CNTY NY                                               | CUSIP: 63165T6Z3<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10339300.00  | 0.25%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Agricultural & Economic Development Board                              | MINNESOTA ST AGRIC & ECON DEVBRD                             | CUSIP: 6049203D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12759687.00  | 0.31%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District                                      | MIDA CORMONT PUBLIC INFRASTRUCTURE DIST UT                   | CUSIP: 59561JAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2770070.40   | 0.07%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                                | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162LY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13354845.40  | 0.32%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                      | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001HP0<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20462368.00  | 0.49%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Union High School District                                       | ANTELOPE VLY CA UNION HIGH SCH DIST                          | CUSIP: 036717ND4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13610000 | PA      | $14090737.86  | 0.34%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974D5J3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5561794.63   | 0.13%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153DA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  11700000 | PA      | $12215125.26  | 0.29%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JSW9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  30655000 | PA      | $33359804.07  | 0.80%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | FAIRFAX CNTY VA INDL DEV AUTH REVENUE                        | CUSIP: 303823MW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2226685.76   | 0.05%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QPP8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5542554.49   | 0.13%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218VD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11725000 | PA      | $11552196.95  | 0.28%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    890000 | PA      | $924220.32    | 0.02%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140FX6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2971569.94   | 0.07%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | CUSIP: 155048DK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13840000 | PA      | $13985935.88  | 0.34%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pasadena CA                                                              | PASADENA CA                                                  | CUSIP: 70218GAW5<br>LEI: 5493007ZF3ZMBUWLWB58 | Long             | DBT              | MUN               | US        |   4330000 | PA      | $4639345.16   | 0.11%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                               | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835N39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2231277.05   | 0.05%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                    | DELAWARE RIVER PORT AUTH PA & NJ                             | CUSIP: 246352GF9<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5102868.24   | 0.12%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14295000 | PA      | $4646837.05   | 0.11%             | 2043-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beaufort-Jasper Water & Sewer Authority                                          | BEAUFORT-JASPER SC WTR & SWR AUTH WTRWKS & SWR SYS REVENUE   | CUSIP: 074358HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2153417.36   | 0.05%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah State University                                                            | UTAH ST UNIV REVENUE                                         | CUSIP: 917563TV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10875000 | PA      | $9820672.01   | 0.24%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039FQ7<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13484546.40  | 0.32%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XKM3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4540240.35   | 0.11%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                                   | TUALATIN VLY OR WTR DIST WTR REVENUE                         | CUSIP: 89855PEV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $3465110.09   | 0.08%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GTD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5113509.50   | 0.12%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356RC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6975000 | PA      | $7872870.13   | 0.19%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2641179.50   | 0.06%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                 | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631TR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1941356.70   | 0.05%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP REVENUE                      | CUSIP: 64985HR66<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10408926.00  | 0.25%             | 2052-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364X6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10090634.00  | 0.24%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bethel Park School District                                                      | BETHEL PARK PA SCH DIST                                      | CUSIP: 087059NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5185000 | PA      | $5485771.48   | 0.13%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                                | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162LW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10875000 | PA      | $11238930.79  | 0.27%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Banquete Independent School District                                             | BANQUETE TX INDEP SCH DIST                                   | CUSIP: 066779GM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6146014.70   | 0.15%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek AZ Excise Tax Revenue                                        | QUEEN CREEK AZ EXCISE TAX & ST SHARED REVENUE                | CUSIP: 74823YHC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1186006.09   | 0.03%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New River Community Development District                                         | NEW RIVER FL CDD CAPITAL IMPT REVENUE                        | CUSIP: 648466AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $297533.87    | 0.01%             | 2038-05-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972F2J4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  30150000 | PA      | $30150000.00  | 0.72%             | 2044-06-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W2X1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6130000 | PA      | $6383159.81   | 0.15%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norfolk Economic Development Authority                                           | NORFOLK VA ECON DEV AUTH HOSPFACS REVENUE                    | CUSIP: 65588TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $745555.30    | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KYU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $287764.04    | 0.01%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QVW7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  12350000 | PA      | $12538627.73  | 0.30%             | 2050-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tualatin Valley Water District                                                   | TUALATIN VLY OR WTR DIST WTR REVENUE                         | CUSIP: 89855PEW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4120000 | PA      | $4216862.85   | 0.10%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV                  | CUSIP: 20774YYM3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3770609.47   | 0.09%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | ALAMEDA CA CORRIDOR TRANSPRTNAUTH REVENUE                    | CUSIP: 010869MP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14395000 | PA      | $13610682.67  | 0.33%             | 2026-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QWB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4267323.00   | 0.10%             | 2044-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Fayetteville NC Public Works Commission Revenue                          | FAYETTEVILLE NC PUBLIC WKS COMMISSION                        | CUSIP: 312805NK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4760000 | PA      | $4927704.80   | 0.12%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520SC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094263.80   | 0.03%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wylie Independent School District/Taylor County                                  | WYLIE TX INDEP SCH DIST TAYLOR CNTY                          | CUSIP: 983069BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9380000 | PA      | $8242480.83   | 0.20%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HEN3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   8065000 | PA      | $8357671.59   | 0.20%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Milpitas Unified School District/CA                                              | MILPITAS CA UNIF SCH DIST                                    | CUSIP: 601670PM8<br>LEI: 549300BL87026BFAVO38 | Long             | DBT              | MUN               | US        |   4390000 | PA      | $4328306.01   | 0.10%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bullard Independent School District                                              | BULLARD TX INDEP SCH DIST                                    | CUSIP: 120214RN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4546779.49   | 0.11%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5830000 | PA      | $5928311.29   | 0.14%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                            | YUMA AZ INDL DEV AUTH HOSP REVENUE                           | CUSIP: 988514DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3337678.11   | 0.08%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10599843.00  | 0.25%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    190000 | PA      | $163062.05    | 0.00%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                    | CUSIP: 68609UQL2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1450361.16   | 0.03%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 658207X26<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2181071.38   | 0.05%             | 2043-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE   | CUSIP: 84136JAL3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10758230.00  | 0.26%             | 2055-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                          | OREGON ST UNIV GEN REVENUE                                   | CUSIP: 68608WAV4<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   4470000 | PA      | $4131148.97   | 0.10%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225JA5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10170840.00  | 0.24%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3505000 | PA      | $3623238.72   | 0.09%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                     | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845SU5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |  10655000 | PA      | $9186223.17   | 0.22%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV CORP                                   | CUSIP: 682832LA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1498605.30   | 0.04%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arapahoe County School District No 5 Cherry Creek                                | CHERRY CREEK CO SCH DIST #5                                  | CUSIP: 164555EA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5459095.00   | 0.13%             | 2041-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140ET6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2495479.37   | 0.06%             | 2048-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7835000 | PA      | $7722968.12   | 0.19%             | 2049-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KGN9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2928822.30   | 0.07%             | 2054-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520RG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094263.80   | 0.03%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399UX2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7033329.80   | 0.17%             | 2055-06-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                 | CUSIP: 68607V6Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3254087.10   | 0.08%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584Y7X1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   9900000 | PA      | $10017931.77  | 0.24%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  12700000 | PA      | $13005804.57  | 0.31%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Nassau NY                                                              | NASSAU CNTY NY                                               | CUSIP: 63165TS71<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |  10335000 | PA      | $10544938.99  | 0.25%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505PL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |  23400000 | PA      | $21974535.18  | 0.53%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12145000 | PA      | $11958809.86  | 0.29%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647PD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2250070.65   | 0.05%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 392275FK4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15298072.50  | 0.37%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11890000 | PA      | $12130191.08  | 0.29%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389J33<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   8615000 | PA      | $8533700.25   | 0.20%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3183983.59   | 0.08%             | 2030-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445S67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19935000 | PA      | $19953673.11  | 0.48%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3390077.11   | 0.08%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59260XCF3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $4247642.27   | 0.10%             | 2051-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                 | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395B63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1781998.56   | 0.04%             | 2044-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Collin County Community College District                                         | COLLIN CNTY TX CMNTY CLG DIST                                | CUSIP: 194742GE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13045000 | PA      | $11727668.94  | 0.28%             | 2045-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009QX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10805000 | PA      | $9336200.72   | 0.22%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Hills Plantation I Community Development District                       | STHRN HILLS PLANTATION FL I CDD CAPITAL IMPT                 | CUSIP: 843054AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $188446.86    | 0.00%             | 2035-05-01      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| New River Community Development District                                         | NEW RIVER FL CDD CAPITAL IMPT REVENUE                        | CUSIP: 648466AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $0.80         | 0.00%             | 2038-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                               | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002MB9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |  29660000 | PA      | $30345742.17  | 0.73%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada System of Higher Education                                                | NEVADA ST SYS OF HGR EDU COPS                                | CUSIP: 641494KP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9950000 | PA      | $8796485.56   | 0.21%             | 2055-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582TDA7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1543730.54   | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |  11915000 | PA      | $11753276.51  | 0.28%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966MGC7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.24%             | 2044-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12151496.40  | 0.29%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                          | OREGON ST UNIV GEN REVENUE                                   | CUSIP: 68608WBC5<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   6580000 | PA      | $6911797.82   | 0.17%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                  | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105JE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20856000 | PA      | $16737830.55  | 0.40%             | 2049-01-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FPV0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8275000 | PA      | $7373771.41   | 0.18%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3365191.54   | 0.08%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898XD4<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |  10170000 | PA      | $10170000.00  | 0.24%             | 2042-01-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MLE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6252066.88   | 0.15%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                      | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480PB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5950000 | PA      | $4758744.55   | 0.11%             | 2042-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QL57<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5164633.00   | 0.12%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7294618.10   | 0.18%             | 2043-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GJR5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11431117.50  | 0.27%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | VERMONT ST EDUCTNL & HLTH BLDGS FING AGY REVENUE             | CUSIP: 924166LF6<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |   3370000 | PA      | $2925008.35   | 0.07%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                             | FAIRFAX CNTY VA                                              | CUSIP: 30382APR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1116359.35   | 0.03%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                 | CUSIP: 64985TER8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10169319.00  | 0.24%             | 2049-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | NEW YORK ST                                                  | CUSIP: 649791UJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7955000 | PA      | $8865950.92   | 0.21%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                               | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                   | CUSIP: 179090QF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1154731.55   | 0.03%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                 | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HXU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309561.48    | 0.01%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                         | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070307.70   | 0.03%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 165                                  | HARRIS CNTY TX MUNI UTILITY DIST #165                        | CUSIP: 4149624V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1411282.31   | 0.03%             | 2045-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                                           | UNIV OF ARKANSAS AR UNIV REVENUE                             | CUSIP: 914073BA8<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1743021.67   | 0.04%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224QG7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4969485.50   | 0.12%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA JOBS-ECON DEV AUTH ENVRNMNTL IMPT REVENUE     | CUSIP: 83703DAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10031557.00  | 0.24%             | 2033-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10555000 | PA      | $10912978.10  | 0.26%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PQC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5235000 | PA      | $4516351.76   | 0.11%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GQ23<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.12%             | 2055-06-15      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | New York State Environmental Facilities Corp                 | CUSIP: 64985HR58<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10296400.00  | 0.25%             | 2047-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130178JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11620000 | PA      | $13229932.41  | 0.32%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YBK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300326.40    | 0.01%             | 2038-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                   | MOBILE CNTY AL INDL DEV AUTH SOL WST DISP REVENUE            | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16925000 | PA      | $15606860.69  | 0.37%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990ASS5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4433581.00   | 0.11%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tenafly School District                                                          | TENAFLY NJ BRD OF EDU                                        | CUSIP: 880252GG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2980000 | PA      | $2911914.75   | 0.07%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SHF6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10464611.00  | 0.25%             | 2046-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp                                            | SAN ANTONIO TX EDU FACS CORP REVENUE                         | CUSIP: 796247DU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1381208.85   | 0.03%             | 2037-04-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Texas Tech University System                                                     | TEXAS ST TECH UNIV REVENUES                                  | CUSIP: 882806KM3<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |  11725000 | PA      | $10776880.15  | 0.26%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486T33<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4869518.50   | 0.12%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northampton County Industrial Development Authority                              | NORTHAMPTON CNTY PA INDL DEV AUTH RESOURCE RECOVERY REVENUE  | CUSIP: 663547AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14652315 | PA      | $6447018.60   | 0.15%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                             | CLACKAMAS OR CMNTY CLG DIST                                  | CUSIP: 179390QJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3400858.83   | 0.08%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA INDL DEV AUTH HOSP REVENUE                           | CUSIP: 04052EAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3069888.38   | 0.07%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C6T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $3135742.94   | 0.08%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250DN1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  12060000 | PA      | $9963545.08   | 0.24%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund               | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WQ21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29625000 | PA      | $29625000.00  | 0.71%             | 2054-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                    | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769ND7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5194831.00   | 0.12%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenville County Metropolitan Sewer Subdistrict                                 | METROPOLITAN SWR SUBDIST S C  SWR SYS REV                    | CUSIP: 592549AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $1966996.19   | 0.05%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                 | CUSIP: 68607V6P5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2148317.00   | 0.05%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5B6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  13300000 | PA      | $14345252.32  | 0.34%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QG79<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8896279.00   | 0.21%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                                | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6525840.10   | 0.16%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974D5H7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5465000 | PA      | $5566994.93   | 0.13%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                         | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1333250.64   | 0.03%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NBD0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2482859.56   | 0.06%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berkeley Unified School District/CA                                              | BERKELEY CA UNIF SCH DIST                                    | CUSIP: 084154M59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4539275.68   | 0.11%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sienna Parks & Levee Improvement District of Fort Bend County                    | SIENNA PKS LEVEE IMPT DIST TX                                | CUSIP: 82622PDD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8940000 | PA      | $7286800.90   | 0.18%             | 2048-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854Z70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6950000 | PA      | $6087557.13   | 0.15%             | 2049-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  10761754 | PA      | $11356462.52  | 0.27%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DE77<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3145000 | PA      | $2753417.31   | 0.07%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LGT5<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |  13335000 | PA      | $7299899.04   | 0.18%             | 2037-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444453A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5675711.80   | 0.14%             | 2045-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9931319.00   | 0.24%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                           | NEW ORLEANS LA                                               | CUSIP: 64763FH69<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3042768.90   | 0.07%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                              | MELISSA TX INDEP SCH DIST                                    | CUSIP: 585488ZP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2460977.12   | 0.06%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045626.60   | 0.03%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GJT0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9360000 | PA      | $9409129.70   | 0.23%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                    | CUSIP: 696507VM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5570000 | PA      | $7627846.53   | 0.18%             | 2027-07-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                       | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE          | CUSIP: 120827ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15130000 | PA      | $15397065.68  | 0.37%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416SG61<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.04%             | 2041-07-01      | Floating      | 1.92%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C6V2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2412345.34   | 0.06%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Azle Independent School District                                                 | AZLE TX INDEP SCH DIST                                       | CUSIP: 054789ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5525000 | PA      | $4854979.38   | 0.12%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GDD8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |  12205000 | PA      | $11815260.18  | 0.28%             | 2044-11-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | UNIV OF CINCINNATI OH RECPTS                                 | CUSIP: 9141194V1<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10376760.00  | 0.25%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444456F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7373232.30   | 0.18%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   7550684 | PA      | $6717783.15   | 0.16%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                   | OKLAHOMA ST WTR RES BRD ST LOAN PROGRAM REVENUE              | CUSIP: 67920Q5M6<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1220600.64   | 0.03%             | 2054-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974D5G9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5469854.45   | 0.13%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                        | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026WU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7290000 | PA      | $6634631.92   | 0.16%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pasadena CA                                                              | PASADENA CA                                                  | CUSIP: 70218GBB0<br>LEI: 5493007ZF3ZMBUWLWB58 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12656679.60  | 0.30%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X4N8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3573849.75   | 0.09%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                    | CUSIP: 68609UPP4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610723.10   | 0.04%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND ST STADIUM AUTH REVENUE                             | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   8980000 | PA      | $9387109.20   | 0.23%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654C52<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3287147.23   | 0.08%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                 | JEA FL WTR & SWR REVENUE                                     | CUSIP: 46615SGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10470119.00  | 0.25%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592113CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8400000 | PA      | $8246138.88   | 0.20%             | 2044-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YDH1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002660.00   | 0.12%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153KD0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  15915000 | PA      | $14149776.63  | 0.34%             | 2046-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514U89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057889.50   | 0.03%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UPMC                                                                             | UPMC                                                         | CUSIP: 90320WAF0<br>LEI: 5493001YCBUGKVU74S74 | Long             | DBT              | CORP              | US        |   7300000 | PA      | $7138825.49   | 0.17%             | 2026-04-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Town of Norwood MA                                                               | NORWOOD MA                                                   | CUSIP: 669555H56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10755000 | PA      | $9740892.77   | 0.23%             | 2047-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                         | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023PG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12489777.00  | 0.30%             | 2044-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Central Falls Detention Facility Corp                                            | CENTRL FALLS RI DETENTION FAC CORP DETENTION FAC REVENUE     | CUSIP: 153457AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $97500.00     | 0.00%             | 2035-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AMQ5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10309179.00  | 0.25%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                          | WASHINGTON SUBURBAN SAN DIST MD                              | CUSIP: 940158JR0<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |  11600000 | PA      | $10786511.72  | 0.26%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036GB6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25548182.50  | 0.61%             | 2049-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL Sales Tax Revenue                                             | PASCO CNTY FL SALES TAX REVENUE                              | CUSIP: 70252RCW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9245000 | PA      | $9552790.09   | 0.23%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mobile AL                                                                | MOBILE AL                                                    | CUSIP: 6071144D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $17003702.40  | 0.41%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                             | UNIV OF OREGON OR GEN REVENUE                                | CUSIP: 914767AD0<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12564593.75  | 0.30%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17330000 | PA      | $17266315.72  | 0.41%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                                | SALEM OR HOSP FAC AUTH REVENUE                               | CUSIP: 794458FV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11620000 | PA      | $11635446.47  | 0.28%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hays Consolidated Independent School District                                    | HAYS TX CONSOL INDEP SCH DIST                                | CUSIP: 4211108A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10855000 | PA      | $11098400.58  | 0.27%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Fuquay-Varina NC Combined Utilities Revenue                              | FUQUAY-VARINA NC COMB UTILITIES REVENUE                      | CUSIP: 36106QDB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3105000 | PA      | $2734906.98   | 0.07%             | 2039-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City Public Financing Authority                                 | SAN MATEO FOSTER CITY CA PUBLIC FING AUTH WSTWTR REVENUE     | CUSIP: 79905VAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9225177.30   | 0.22%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GC28<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8136411.20   | 0.20%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Fuquay-Varina NC Combined Utilities Revenue                              | FUQUAY-VARINA NC COMB UTILITIES REVENUE                      | CUSIP: 36106QDJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $610146.96    | 0.01%             | 2049-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REVENUE             | CUSIP: 65820BAZ9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2462312.53   | 0.06%             | 2044-01-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                         | MECKLENBURG CNTY NC                                          | CUSIP: 584002C31<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2736169.92   | 0.07%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                         | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1313550.33   | 0.03%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140JR5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $10155624.30  | 0.24%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                                | UTAH CNTY UT HOSP REVENUE                                    | CUSIP: 917393BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8565000 | PA      | $7511778.22   | 0.18%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Berkeley Unified School District/CA                                              | BERKELEY CA UNIF SCH DIST                                    | CUSIP: 084154M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4785000 | PA      | $5145281.31   | 0.12%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | NEW YORK ST                                                  | CUSIP: 649791TC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3801520.45   | 0.09%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DZT2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12875239.00  | 0.31%             | 2064-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GG32<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  11475000 | PA      | $11847027.53  | 0.28%             | 2054-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5765000 | PA      | $5958318.90   | 0.14%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579Q75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5105000 | PA      | $4651945.54   | 0.11%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389E20<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |  11530000 | PA      | $11520220.25  | 0.28%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                      | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3060000 | PA      | $2526813.05   | 0.06%             | 2040-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Generation Park Management District                                              | GENERATION PARK TX MGMT DIST                                 | CUSIP: 37149ALW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2201650.14   | 0.05%             | 2043-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869EE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22355000 | PA      | $20240505.38  | 0.49%             | 2027-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HVB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12165000 | PA      | $13205862.95  | 0.32%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252QB8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  16835000 | PA      | $17788884.57  | 0.43%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CEG9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6081797.40   | 0.15%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                      | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480PC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6050000 | PA      | $4748846.47   | 0.11%             | 2043-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265L3L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2680748.75   | 0.06%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14000000.00  | 0.34%             | 2045-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505ZF6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6747492.70   | 0.16%             | 2047-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812UU55<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2088601.09   | 0.05%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue            | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23880000 | PA      | $24278798.39  | 0.58%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576HK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2355760.80   | 0.06%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Belmont-Redwood Shores School District/CA                                        | BELMONT-REDWOOD SHORES CA SCH DIST                           | CUSIP: 080495JV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1770001.37   | 0.04%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spartanburg Regional Health Services District                                    | SPARTANBURG SC REGL HLTH SVCS DIST INC HOSP REVENUE          | CUSIP: 847113CG0<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   7865000 | PA      | $7162230.79   | 0.17%             | 2043-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tenafly School District                                                          | TENAFLY NJ BRD OF EDU                                        | CUSIP: 880252GH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $568426.95    | 0.01%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582R7B6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10105000 | PA      | $10573418.29  | 0.25%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398GW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6175000 | PA      | $6304702.17   | 0.15%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fullerton Joint Union High School District                                       | FULLERTON CA JT UNION HIGH SCH DIST                          | CUSIP: 359796LB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24870000 | PA      | $21934270.59  | 0.53%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                              | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841S23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4318115.60   | 0.10%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | DENTON CNTY TX                                               | CUSIP: 248776CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8952005.00   | 0.21%             | 2049-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE                | CUSIP: 57420VSN4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074993.80   | 0.05%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Alvarado Independent School District/TX                                          | ALVARADO TX INDEP SCH DIST                                   | CUSIP: 022357M79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7140228.90   | 0.17%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GK37<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4164390.00   | 0.10%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486P52<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5147498.50   | 0.12%             | 2039-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C7C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3223598.10   | 0.08%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3633924.05   | 0.09%             | 2054-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17500000 | PA      | $18022207.00  | 0.43%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA JOBS-ECON DEV AUTH                            | CUSIP: 83704EAF1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10008410.00  | 0.24%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520SD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1836405.62   | 0.04%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                       | PIERCE CNTY WA SCH DIST #10 TACOMA                           | CUSIP: 720424G46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1059872.04   | 0.03%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240X81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8945000 | PA      | $8879776.64   | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU | CUSIP: 87638RKF3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    725000 | PA      | $657675.85    | 0.02%             | 2041-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION REVENUE | CUSIP: 40934TAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10165000 | PA      | $10226315.28  | 0.25%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647PA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $797509.35    | 0.02%             | 2043-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PMN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17200000 | PA      | $17967623.96  | 0.43%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                        | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026WT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4775000 | PA      | $4388169.13   | 0.11%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New River Community Development District                                         | NEW RIVER FL CDD CAPITAL IMPT REVENUE                        | CUSIP: 648466AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $2.30         | 0.00%             | 2013-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JKN2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    895000 | PA      | $846865.29    | 0.02%             | 2054-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE              | CUSIP: 30382VAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8025000 | PA      | $7070447.12   | 0.17%             | 2054-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  10750000 | PA      | $11368313.13  | 0.27%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    870000 | PA      | $911719.37    | 0.02%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Howell Public Schools                                                            | HOWELL MI PUBLIC SCHS                                        | CUSIP: 443114WU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2765508.21   | 0.07%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charleston SC Waterworks & Sewer System Revenue                          | CHARLESTON SC WTRWKS & SWR REVENUE                           | CUSIP: 160429B70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5170719.00   | 0.12%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                    | CUSIP: 68609UPM1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2066846.79   | 0.05%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cherry Hill Township School District                                             | CHERRY HILL TWP NJ SCH DIST                                  | CUSIP: 164681MG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4552825.14   | 0.11%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | NEW YORK ST                                                  | CUSIP: 649791UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $22026274.00  | 0.53%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $11763473.40  | 0.28%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152H20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15365643.00  | 0.37%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WJ64<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   9630000 | PA      | $9596997.99   | 0.23%             | 2039-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                            | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1925478.00   | 0.05%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| City of Pasadena CA                                                              | PASADENA CA                                                  | CUSIP: 70218GAT2<br>LEI: 5493007ZF3ZMBUWLWB58 | Long             | DBT              | MUN               | US        |   4460000 | PA      | $4848288.94   | 0.12%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Watertown MA                                                             | WATERTOWN MA                                                 | CUSIP: 942044ZY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1274131.69   | 0.03%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971X4E5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13260049.40  | 0.32%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTHSTUDENT HSG REVENUE             | CUSIP: 16559PBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6478345.50   | 0.16%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B6L7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  15575000 | PA      | $12901689.87  | 0.31%             | 2054-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Township of Woolwich NJ                                                          | WOOLWICH TWP NJ                                              | CUSIP: 980862DX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1188543.11   | 0.03%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                               | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835N54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $3462249.25   | 0.08%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TEW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5820000 | PA      | $6054969.70   | 0.15%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DVX4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7543909.44   | 0.18%             | 2043-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812UU48<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    340000 | PA      | $349253.88    | 0.01%             | 2043-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8650000 | PA      | $7645268.77   | 0.18%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063EHU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10353039.00  | 0.25%             | 2030-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C6U4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2870623.26   | 0.07%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Battery Park City Authority                                                      | BATTERY PARK CITY NY AUTH                                    | CUSIP: 07133AJM5<br>LEI: 549300RF3SFDOWRHVM56 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12319599.60  | 0.30%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                           | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 1967072G7<br>LEI: 549300MAE3RAIIEIQV71 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1283771.13   | 0.03%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WST2<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   4925000 | PA      | $4733651.44   | 0.11%             | 2044-10-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712D6G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2337371.56   | 0.06%             | 2044-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Township of Woolwich NJ                                                          | WOOLWICH TWP NJ                                              | CUSIP: 980862DW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1685240.38   | 0.04%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ANY4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   9350000 | PA      | $8100638.98   | 0.19%             | 2049-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582TDB5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3387876.90   | 0.08%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MWJ6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3655545.96   | 0.09%             | 2044-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                         | CUSIP: 220245Y65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3930000 | PA      | $3534178.65   | 0.08%             | 2048-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GRK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14996869.50  | 0.36%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alamo Community College District                                                 | ALAMO TX CMNTY CLG DIST                                      | CUSIP: 011415UJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2834079.26   | 0.07%             | 2047-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10077853.00  | 0.24%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $5116576.06   | 0.12%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                               | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835N70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4300667.87   | 0.10%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU | CUSIP: 709221VZ5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4004634.42   | 0.10%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CS8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4090000 | PA      | $3708154.33   | 0.09%             | 2054-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bishop Consolidated Independent School District                                  | BISHOP TX CONSOL INDEP SCH DIST                              | CUSIP: 091482HV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2781069.48   | 0.07%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371514E6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3585000.30   | 0.09%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                               | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                   | CUSIP: 179090QG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1153225.29   | 0.03%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fulshear TX                                                              | FULSHEAR TX                                                  | CUSIP: 35986TBY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7485000 | PA      | $6525352.64   | 0.16%             | 2051-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                 | CUSIP: 68607V6S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2713373.89   | 0.07%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Sonoma County Union High School District                                    | W SONOMA CNTY CA UNION HIGH SCH DIST                         | CUSIP: 956101JV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055134.40   | 0.03%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BMM9<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2009001 | PA      | $1842744.02   | 0.04%             | 2046-11-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Northampton County Industrial Development Authority                              | NORTHAMPTON CNTY PA INDL DEV AUTH RESOURCE RECOVERY REVENUE  | CUSIP: 663547AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8071075 | PA      | $1452793.50   | 0.03%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Student Housing Corp                                                 | TEXAS ST STUDENT HSG CORP STUDENT HSG REVENUE                | CUSIP: 88275YAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10640000 | PA      | $10640000.00  | 0.26%             | 2031-07-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AX69<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.24%             | 2032-11-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675933H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $8435903.10   | 0.20%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GF90<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $14031663.75  | 0.34%             | 2048-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225HZ2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2839857.73   | 0.07%             | 2044-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17130000 | PA      | $17144539.94  | 0.41%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265L3K2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3237054.00   | 0.08%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BGU6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  15225000 | PA      | $17097050.78  | 0.41%             | 2055-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                               | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 915130CC0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  12145000 | PA      | $13570150.17  | 0.33%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO Sanitary Sewer System Revenue                             | KANSAS CITY MO SAN SWR SYSTEM REVENUE                        | CUSIP: 48507TKZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3481697.31   | 0.08%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365R8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  20500000 | PA      | $22111103.20  | 0.53%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oregon                                                             | UNIV OF OREGON OR GEN REVENUE                                | CUSIP: 914767AC2<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |  12320000 | PA      | $12385703.79  | 0.30%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH LEASE RENT REVENUE                      | CUSIP: 63610TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9185000 | PA      | $9235070.19   | 0.22%             | 2038-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352404D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17945000 | PA      | $18514721.45  | 0.44%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                           | FREDERICK CNTY MD                                            | CUSIP: 35569PMF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9165000 | PA      | $8525384.73   | 0.20%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                                   | MINNESOTA MUNI GAS AGY COMMODITY SPLY REVENUE                | CUSIP: 60406UAN7<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12483261.25  | 0.30%             | 2052-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District                                                  | MANTECA CA UNIF SCH DIST                                     | CUSIP: 564538JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9535496.40   | 0.23%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Tempe AZ                                                                 | TEMPE AZ                                                     | CUSIP: 87973EDN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6930000 | PA      | $7535517.76   | 0.18%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wylie Independent School District/Taylor County                                  | WYLIE TX INDEP SCH DIST TAYLOR CNTY                          | CUSIP: 983069BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4399846.22   | 0.11%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Peace River Manasota Regional Water Supply Authority                             | PEACE RIVER/MANASOTA FL REGL WTR SPLY AUTH                   | CUSIP: 704612FY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $5054029.70   | 0.12%             | 2054-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486P45<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6905374.88   | 0.17%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GTB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039363.30   | 0.02%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104PQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9070000 | PA      | $8416231.68   | 0.20%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                                        | ROYSE CITY TX INDEP SCH DIST                                 | CUSIP: 780869XX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12279960.00  | 0.29%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EP Cimarron Ventanas PFC                                                         | EP CIMARRON VENTANAS PFC TX RSDL DEV REVENUE                 | CUSIP: 26879QAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1899718.00   | 0.05%             | 2039-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946954P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $18571820.40  | 0.45%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Flood Control District                                             | HARRIS CNTY TX FLOOD CONTROL DIST                            | CUSIP: 414019CP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8707635.00   | 0.21%             | 2048-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | ALAMEDA CA CORRIDOR TRANSPRTNAUTH REVENUE                    | CUSIP: 010869MN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8105000 | PA      | $7708635.51   | 0.19%             | 2026-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2976552.34   | 0.07%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593L34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2570719.74   | 0.06%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sterling Hill Community Development District                                     | STERLING HILL FL CDD CAPITAL IMPT REVENUE                    | CUSIP: 85933TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1531647 | PA      | $673924.53    | 0.02%             | 2035-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                                | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162LN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1519857.07   | 0.04%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnston NC Water & Sewer System Revenue                               | JOHNSTON CNTY NC WTR & SWR REVENUE                           | CUSIP: 479357CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2050940.75   | 0.05%             | 2054-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX  | CUSIP: 896032BB4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5163884.00   | 0.12%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C6G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5053106.50   | 0.12%             | 2030-07-01      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7360000 | PA      | $8010384.80   | 0.19%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486V97<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2120552.01   | 0.05%             | 2043-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                                | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045RV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13445000 | PA      | $12083038.98  | 0.29%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | SAINT CLOUD MN HLTH CARE REVENUE                             | CUSIP: 78916VET3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8527563.00   | 0.20%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GK78<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  16515000 | PA      | $16938532.13  | 0.41%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Humble Independent School District                                               | HUMBLE TX INDEP SCH DIST                                     | CUSIP: 445047MG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10250000 | PA      | $10496419.23  | 0.25%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528U5H0<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5156838.00   | 0.12%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST SPL OBLG DEDICATED TAX REVENUE              | CUSIP: 576002BN8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3425655.16   | 0.08%             | 2030-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AXL1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4436435.00   | 0.11%             | 2055-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clemson University                                                               | CLEMSON SC UNIV HGR EDU REVENUE                              | CUSIP: 185633BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7090000 | PA      | $6741435.75   | 0.16%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV CORP                                   | CUSIP: 682832LB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1812395.15   | 0.04%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE               | CUSIP: 717901CA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $10525557.60  | 0.25%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Water System Revenue                                          | SEATTLE WA WTR SYS REVENUE                                   | CUSIP: 812728YB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8610000 | PA      | $8793623.75   | 0.21%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayetteville School District No 1                                                | FAYETTEVILLE AR SCH DIST #1                                  | CUSIP: 312680DZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10815000 | PA      | $9930749.38   | 0.24%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT REVENUE           | CUSIP: 93978LHX7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $11410681.10  | 0.27%             | 2055-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                         | SANTA CLARITA CA CMNTY CLG DIST                              | CUSIP: 801686UM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10655351.00  | 0.26%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CGJ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8892589.00   | 0.21%             | 2050-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584Y7Y9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4765000 | PA      | $4771814.90   | 0.11%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QC24<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3506070.83   | 0.08%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637B8F0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1061570.96   | 0.03%             | 2044-11-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD CNTY FL HLTH FACS AUTH REVENUE                       | CUSIP: 107416QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9835048.00   | 0.24%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harford MD                                                             | HARFORD CNTY MD                                              | CUSIP: 412487PH7<br>LEI: 549300BAMXA3G0J23I39 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2023021.43   | 0.05%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                           | NEW ORLEANS LA                                               | CUSIP: 64763FH77<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   5590000 | PA      | $5651999.25   | 0.14%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3077134.05   | 0.07%             | 2027-09-15      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| Chico Unified School District                                                    | CHICO CA UNIF SCH DIST                                       | CUSIP: 168520RK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1703088.48   | 0.04%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WVN1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1360869.30   | 0.03%             | 2044-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Southern Hills Plantation I Community Development District                       | STHRN HILLS PLANTATION FL I CDD CAPITAL IMPT                 | CUSIP: 843054AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $303121.70    | 0.01%             | 2035-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9575000 | PA      | $9643457.42   | 0.23%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** Eaton Vance Municipals Trust

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer