# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0000035402-25-000822
**Filing Date:** 2025-9
**Character Count:** 254418
**Document Hash:** 8e7eebfd81de6bd3ed3f59b03ea15786
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-000822.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000035402-25-000822

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 251349379

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FIXED INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FLEXIBLE BOND FUND
- **DATE OF NAME CHANGE:** 19860904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CORPORATE BOND FUND INC
- **DATE OF NAME CHANGE:** 19851225

## Series and Classes Contracts Data

### Fidelity SAI Conservative Income Municipal Bond Fund (Series ID: S000082358)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000245667 | Fidelity SAI Conservative Income Municipal Bond Fund | FSMJX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Salem Street Trust

- **b. Investment Company Act file number:** 811-02105

- **c. CIK number of Registrant:** 0000035315

- **d. LEI of Registrant:** S4W85DGKOEJ24DPRB829

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity SAI Conservative Income Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000082358

- **c. LEI of Series:** 254900EID98MWG68UG15

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1665673066.50

**Total Liabilities:** $16280512.08

**Net Assets:** $1649392554.42

**Delayed Delivery Securities:** $12049922.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 14306.99729150 | **1-Year:** 57428.21786070 | **5-Year:** 29450.82629610 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 2784.48658924 | **1-Year:** 5051.29811796 | **5-Year:** 1958.94515747 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245667 | 0.35%                | 0.34%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3775.44                 | $1839724.28                                |
| Month 2  | $7296.05                 | $1680678.24                                |
| Month 3  | $98784.29                | $1645069.95                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2025                                              | CUSIP: 64579XEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2612540.95   | 0.16%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HEALTHCARE FACS REV                                                  | FL HLTHCARE FAC 5% 8/1/2026                                               | CUSIP: 34061QBY2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    440000 | PA      | $449351.41    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 3.85% MT @                                                   | CUSIP: 13048RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6250531.88   | 0.38%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | NE NUCOR 98 V7@                                                           | CUSIP: 854743AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.04%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2028 @                                            | CUSIP: 592647LL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2447605.05   | 0.15%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANSP 2023-XF1649-LA Q=JPMC BK D7                                 | CUSIP: 88035G3V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2570000.00   | 0.16%             | 2045-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2025                                                  | CUSIP: 213185MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1614920.18   | 0.10%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                        | HLTH BAPTIST AL 2013B V7                                                  | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1678000 | PA      | $1678000.00   | 0.10%             | 2042-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                            | CUSIP: 592647FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044035.40   | 0.06%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647NH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $691414.45    | 0.04%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA CMNTY CHOICE FIN AUTH 2022-XF3007-NUV Q=MO D7                          | CUSIP: 88035DDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16315000 | PA      | $16315000.00  | 0.99%             | 2053-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2026                                              | CUSIP: 02765URM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1817790.94   | 0.11%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL TRANSIT SALES TX 2024-XF3290-BNY Q=WF D7                       | CUSIP: 88035J4S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2700000.00   | 0.16%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 5% 3/1/2028                                                | CUSIP: 67756Q5Y9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158459.85    | 0.01%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV                                    | MA SCH BLDG 5% 8/15/2027                                                  | CUSIP: 576000RT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1681501.58   | 0.10%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV AGY MULTI-FAMILY HSG REV                                         | MONRO NY 61075N 5% 7/1/2028                                               | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    593000 | PA      | $616504.74    | 0.04%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI-DADE CNTY FL SEAPORT 2021-XF2947-NUV AGM/BC D7@                     | CUSIP: 88034YND8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.10%             | 2045-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% MT                                                     | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3846372.57   | 0.23%             | 2052-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 1/1/2028                                               | CUSIP: 84136HBG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $774070.28    | 0.05%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | AZ IDA MF HSG ROERS FLAGSTAFF 2023-MIZ9157 MZ/MZ D35                      | CUSIP: 60700HUK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1094031 | PA      | $1094031.00   | 0.07%             | 2063-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| COOK CNTY ILL SALES TAX REV                                                               | COOK CNY IL STR 5% 11/15/2025                                             | CUSIP: 213248CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $246457.21    | 0.01%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2027 @                                              | CUSIP: 167562TQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024829.00   | 0.06%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2025 @                                                | CUSIP: 735389T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $915000.00    | 0.06%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | COLORADO HEALTH(COMMONSPIRIT HE) 2022-XM1061-ALL Q=JPMC BANK DR7          | CUSIP: 88035DU37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5880000 | PA      | $5880000.00   | 0.36%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALBANY NY                                                                                 | ALBANY CITY NY 3/20/26 BAN                                                | CUSIP: 012429CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18800000 | PA      | $18911980.32  | 1.15%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 12/1/2027 @                                             | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1702532.98   | 0.10%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SC ST PUB SVC 2024-XM1175-BNY AG/Q=JP D7                                  | CUSIP: 88035JGC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.30%             | 2054-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OH UNIV HOSP SYS R-FLOAT V7                                               | CUSIP: 67756CCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3645000.00   | 0.22%             | 2033-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX HSG TR PUB FACCORP MULTIFAMILY HSG REV                                    | SAN ANTONI TXS 3.45% MT                                                   | CUSIP: 79626VAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3860570.88   | 0.23%             | 2029-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10B1 V7                                                          | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.04%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2026 @                                               | CUSIP: 79766DVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2195496.58   | 0.13%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                        | CUSIP: 56682HCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521883.80   | 0.09%             | 2046-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 4.05% MT                                                   | CUSIP: 593344BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395288.03    | 0.02%             | 2026-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV                                  | VA SM BUS PURE SALMON LLC PRE MT@                                         | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2901814.82   | 0.18%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WADENA MINN REV                                                                           | WADENA MINN REV 5% 12/1/2026                                              | CUSIP: 930256AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205194.72    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                               | CUSIP: 56035DGG1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203813.52    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                            | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4035000 | PA      | $4212682.84   | 0.26%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 3.35% MT                                                          | CUSIP: 34074HHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505580.00   | 0.15%             | 2027-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.80% 7/1/2057                                             | CUSIP: 20775DUY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6410000 | PA      | $6387336.80   | 0.39%             | 2057-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                              | N MUNI PWR 5% 1/1/2027                                                    | CUSIP: 665444LC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $216422.93    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LIBERTY NY DEV CORP REV                                                                   | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY                             | CUSIP: 531127AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1941500 | PA      | $1941500.00   | 0.12%             | 2035-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBL                                                                | MISSISSIPPI DEO 5% 6/1/2027                                               | CUSIP: 60534XR24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129709.16    | 0.01%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2026                                               | CUSIP: 735240U43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $245360.69    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $624833.80    | 0.04%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.7% MT                                                      | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1192429.41   | 0.07%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% MT                                                         | CUSIP: 235298BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1069000 | PA      | $1070723.12   | 0.06%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2025 @                                            | CUSIP: 3922744C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210693.02    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHFIELD MICH PUB SCHS                                                                  | SOUTHFIELD MICH 5% 5/1/2026                                               | CUSIP: 844215RA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $864860.55    | 0.05%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TWY AUTH GEN REV                                                              | NY ST TWY AUTH 5% 1/1/2028                                                | CUSIP: 650010AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1387509.89   | 0.08%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2027 @                                                | CUSIP: 735389C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548787.50   | 0.09%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                                | NEW YORK AUTH 5% 11/1/2027                                                | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    750000 | PA      | $792635.70    | 0.05%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BEXAR MGMT and DEV CORP TEX MULTIFAMILY HSG REV                                           | BEXAR MGMT and DE 3.02% MT                                                | CUSIP: 08857CAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7145000 | PA      | $7126513.74   | 0.43%             | 2045-05-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SULLIVAN WEST CENT SCH DIST NY                                                            | SULLIVAN WEST NY CSD 6/25/26 BAN                                          | CUSIP: 865353DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7762277.60   | 0.47%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2027@                                                   | CUSIP: 795576MF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2092329.33   | 0.13%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PAWTUCKET R I                                                                             | PAWTUCKET CITY RI 24-2 10/24/25 BAN                                       | CUSIP: 7041654L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1903701.77   | 0.12%             | 2025-10-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | NASHVILLE and DAVIDSON TN HLTH and EDUC EWING HGTS 2024-MIZ9163 MZ/MZ D35 | CUSIP: 60700HVD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    884342 | PA      | $884342.00    | 0.05%             | 2062-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DECATUR AL INDL DEV BRD EXEMPT                                                            | AL NUCOR 03A V7@                                                          | CUSIP: 242846AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9410000 | PA      | $9410000.00   | 0.57%             | 2036-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.65% MT                                                    | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3407577.92   | 0.21%             | 2034-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 12/1/2028                                              | CUSIP: 74440DFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054942.00   | 0.06%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2026@                                              | CUSIP: 64763HLX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2032932.09   | 0.12%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| POLK CO FL HSG FIN AUTH MFH RV                                                            | POLK CO FL HFA 4.15% MT                                                   | CUSIP: 731903BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    844000 | PA      | $851172.06    | 0.05%             | 2040-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                                 | DALLAS TX 5% 2/15/2026                                                    | CUSIP: 235219VZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5518704.88   | 0.33%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2026                                                 | CUSIP: 66285WE77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $424269.64    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UTICA MI CMNTY SCHS                                                                       | UTICA MI CSD 5% 5/1/2028                                                  | CUSIP: 917661Z94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3861451.86   | 0.23%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.8% MT                                                      | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1090183.59   | 0.07%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 4.05% MT                                                  | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1048671.73   | 0.06%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG and FIN AUTH MULTIFAMILY HSG REV                                             | CO HSG and FIN 3.5% 11/1/2043                                             | CUSIP: 19647PDN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2917927.13   | 0.18%             | 2043-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HSG FIN and DEV CORP MULTIFAMILY REV                                            | HI ST HSG FIN 3.3% MT                                                     | CUSIP: 41981PCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6795000 | PA      | $6857132.12   | 0.42%             | 2029-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                               | CUSIP: 646080WH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $960462.70    | 0.06%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | CITY OF DALLAS HOUSING FINANCE CORPORATION 2023 5% 7/1/2042               | CUSIP: 235298BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1138000 | PA      | $1171100.78   | 0.07%             | 2042-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2026 @                                              | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1870005.23   | 0.11%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NJ TRANSP FD 2021-XM0929-MST Q=JPMC BK D7                                 | CUSIP: 88034XXV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.30%             | 2050-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                                 | MARICOPA C 5% 12/1/2025                                                   | CUSIP: 56678PBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2659259.59   | 0.16%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV                                  | COLUMBUS HSG RE 5% 7/1/2045 MT                                            | CUSIP: 19910XAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $781923.41    | 0.05%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 4/1/2028                                                        | CUSIP: 64966SKW5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2694415.09   | 0.16%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2026 @                                                 | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3236112.53   | 0.20%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2025                                                  | CUSIP: 472682YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $521804.82    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BRAZOS TX HSG FIN CORP 2023-XF3129-AMR MZ/MZ D7                           | CUSIP: 88035GQP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    911693 | PA      | $911693.00    | 0.06%             | 2041-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                   | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8495971.00   | 0.52%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY IDA REV                                                                  | NYC IDA 5% 1/1/2026                                                       | CUSIP: 64971PKU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $221957.85    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTIL SYS REV                                                                   | HOUSTON TX UTIL 5% 11/15/2025                                             | CUSIP: 44244CS24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5036930.50   | 0.31%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 8/1/2026                                                   | CUSIP: 207758TY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365640.32    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OHIO MED UNIV GEN RCPTS                                                         | NE OHIO MED UNI 5% 12/1/2025                                              | CUSIP: 66433RCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95569.69     | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRAVIS CNTY TEX HSG FIN CORP MULTIFAMILY HSG                                              | TRVS TX MHSG 3.75% MT                                                     | CUSIP: 89438UBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180000.00    | 0.01%             | 2026-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MD MF HSG WOODINGTON GARDENS 2024-XF3222-AMR MZ/MZ D7                     | CUSIP: 88035HK96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.16%             | 2054-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA MF HSG FIN AGY 2023-XF3127-AMR MZ/MZ D7                                | CUSIP: 88035F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1010000.00   | 0.06%             | 2030-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21B MT@                                   | CUSIP: 13048RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3297710.79   | 0.20%             | 2051-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 2.875% MT                                                    | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1305002.35   | 0.08%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAINT LOUIS MO IDA HAWKINS VILLAGE APTS 2023-MIZ9153 MZ/MZ D35            | CUSIP: 60700HTX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130499 | PA      | $1130499.00   | 0.07%             | 2063-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026 @                                               | CUSIP: 1675937E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2939056.93   | 0.18%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL SER A-1 5% 1/1/2027@                                           | CUSIP: 45528UTD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $736557.44    | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 5% 11/1/2026            | CUSIP: 84136HAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $618094.44    | 0.04%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV                                               | MIAMI-DADE CNTY FLA EXPWY AUTH ROCS RR II R-11871X                        | CUSIP: 59334KGB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050000.00   | 0.06%             | 2035-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE CM HSP                                                            | NC MED CARE HSP 5% MT                                                     | CUSIP: 65820HN90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1504215.64   | 0.09%             | 2051-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 12/1/2025                                            | CUSIP: 09182TBY2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    195000 | PA      | $196212.33    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SLD WASTE                                                             | PFA WI SD WSTE 1.9% MT@                                                   | CUSIP: 74445MAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13550000 | PA      | $13550000.00  | 0.82%             | 2025-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NAVARRO TEX INDPT SCH DIST                                                                | NAVARRO ISD 4% 2/15/28 MT                                                 | CUSIP: 639285SW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3337395.77   | 0.20%             | 2062-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OK CNTY OKLA FIN AUTH EDL FACS LEASE REV                                                  | OKLAHOMA COUNTY 5% 10/1/2025                                              | CUSIP: 67868UHY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175622.28    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2026                                                    | CUSIP: 2510936G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1196724.14   | 0.07%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DIRECTOR ST NV DPT BUS and IND SOLID WASTE DISP REV                                       | NV SLD WST 3.95% @ MT                                                     | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1199718.72   | 0.07%             | 2026-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UTICA MI CMNTY SCHS                                                                       | UTICA MI CSD 5% 5/1/2027                                                  | CUSIP: 917661Z86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563050.40   | 0.09%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 1/1/2027                                                | CUSIP: 45204FG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2489382.54   | 0.15%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2028 @                                                | CUSIP: 5444453G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $6014058.60   | 0.36%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                             | HONOLULU HI MFR 5% 12/1/2026 MT                                           | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032185.20   | 0.12%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2026                                               | CUSIP: 762197S51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356500.83    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBL                                                                | MISSISSIPPI DEO 5% 6/1/2028                                               | CUSIP: 60534XR32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $174499.10    | 0.01%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CTY FL HSG AUT HSG REV                                                            | BROWARD HSG 3.15% MT                                                      | CUSIP: 115027RE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2915171.65   | 0.18%             | 2028-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7                                 | CUSIP: 88035DDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2555000.00   | 0.15%             | 2043-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35                          | CUSIP: 60700HQD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7603517 | PA      | $7603517.00   | 0.46%             | 2062-10-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                             | BLACK BELT ALAB 4% MT                                                     | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2076348.16   | 0.13%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OLATHE KS                                                                                 | OLATHE KS 2.50% 10/1/2027                                                 | CUSIP: 679384KP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $403456.77    | 0.02%             | 2027-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | FL MIAMI DADE ARPT BC22-025 BC/BC DR42@                                   | CUSIP: 76252PUS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4815000.00   | 0.29%             | 2040-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                 | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1334718 | PA      | $1334718.00   | 0.08%             | 2062-08-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 9/1/2025                                                         | CUSIP: 4521524R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215377.26    | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                              | N MUNI PWR 5% 1/1/2026                                                    | CUSIP: 665444LB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136223.94    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                        | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4270000 | PA      | $4328949.91   | 0.26%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBL                                                                | MISSISSIPPI DEO 5% 6/1/2026                                               | CUSIP: 60534XQ90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763119.83    | 0.05%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                                 | NEWARK CITY ESSEX CNTY NJ 9/25/25 BAN                                     | CUSIP: 650367TA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9414000 | PA      | $9429659.25   | 0.57%             | 2025-09-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2026 @                                             | CUSIP: 45528VAX7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    385000 | PA      | $388458.38    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 5% 2/1/2027 MT                                            | CUSIP: 45203LEL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    512000 | PA      | $517083.44    | 0.03%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5.25% 11/15/2026                                           | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1874650.41   | 0.11%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 3.95% MT@                                                      | CUSIP: 708692CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13200000 | PA      | $13200661.32  | 0.80%             | 2049-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 07/01/2052 MT                                          | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2187854.61   | 0.13%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2027 @                                             | CUSIP: 45528VAY5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    765000 | PA      | $785601.37    | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2026                                                       | CUSIP: 62620HET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137891.67    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2027                                               | CUSIP: 762197S69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $270980.11    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLUMBIA GA HSG AU MLTI FAM RV                                                            | COLUMBIA MHSG 3.3% MT                                                     | CUSIP: 199123CM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2387715.04   | 0.14%             | 2028-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2026                                               | CUSIP: 56035DGF3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252513.58    | 0.02%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 5/1/2026                                                   | CUSIP: 207758B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $474038.07    | 0.03%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                                | NEW YORK AUTH 5% 11/1/2028                                                | CUSIP: 64972JSL3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5330000 | PA      | $5751491.07   | 0.35%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 3.2% 7/1/2037 MT                                           | CUSIP: 20775DVU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1132295.75   | 0.07%             | 2037-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY N J IMPT AUTH MULTIFAMILY REV                                                 | CAMDE NJ 13281R 5% MT                                                     | CUSIP: 13281RAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3490053.12   | 0.21%             | 2027-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2026                                               | CUSIP: 88256PAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $368049.58    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                                    | PORT OAKLAND CA 5% 5/1/2026 @                                             | CUSIP: 735000UW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5090.00      | 0.00%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                            | CUSIP: 592647NJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $574219.47    | 0.03%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC INDL DEV REV                                                             | SC NUCOR 95 V7@                                                           | CUSIP: 084185DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.05%             | 2028-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CO ST COMMONSPIRIT HLTH 2022-XM1059-ALL Q=JPMC BK D7                      | CUSIP: 88035DT54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1935000.00   | 0.12%             | 2042-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 3/1/2026                                                | CUSIP: 64577XEN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2033519.12   | 0.12%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2027                                               | CUSIP: 56035DJN3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258209.40    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                                   | MIAMI-DADE SLW 4.50% 11/1/2048 MT @                                       | CUSIP: 59333GAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7684174.19   | 0.47%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL IDR                                                                       | FL PWR and LT - NEXTERA 15 V7@                                            | CUSIP: 115034BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.11%             | 2045-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/1/2025 @                                                 | CUSIP: 762315QX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603954.18    | 0.04%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 7/15/2026                                                        | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1178246.88   | 0.07%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2026                                                        | CUSIP: 452152Q61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $544154.39    | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2026@                                                   | CUSIP: 45528UD65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3773595.67   | 0.23%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                              | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112542.35    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.78% MT                                                    | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $506658.12    | 0.03%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 12/1/2026                                               | CUSIP: 13013JDT0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021007.80   | 0.06%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | BALTIMORE MD OAK CREST VLG BC22-032 BC/BC D42                             | CUSIP: 76252PVZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1175000.00   | 0.07%             | 2050-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL O'HARE ARPT 2025-XL0622-NUV Q=BC D7@                           | CUSIP: 88035PBJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3935000 | PA      | $3935000.00   | 0.24%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-XF3073-NUV Q=MO D7                              | CUSIP: 88035EPR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7185000 | PA      | $7185000.00   | 0.44%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | VA NATL SENIOR CAMPUS BC22-028 BC/BC DR42                                 | CUSIP: 76252PVB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2615000.00   | 0.16%             | 2045-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JACKSON ST UNIV EDL BLDG CORP MS REV                                                      | JACKSON ST UNIV .80% 3/1/2028                                             | CUSIP: 468714FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4765000 | PA      | $4511704.51   | 0.27%             | 2028-03-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                               | CUSIP: 56035DEU2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    245000 | PA      | $249671.56    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20A1 V1@                                                         | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7525000 | PA      | $7525000.00   | 0.46%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI PUB SCHS                                                                  | GRAND RAPIDS 5% 5/1/2026                                                  | CUSIP: 386280SA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017858.20   | 0.06%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 3.55% MT                                                   | CUSIP: 593344BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1758138.82   | 0.11%             | 2027-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2026                                                  | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $317834.20    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                            | ALLEG PA ARPT 5% 1/1/2027 @                                               | CUSIP: 01728LGL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $318044.10    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2027 @                                            | CUSIP: 392275EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3132749.70   | 0.19%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                         | CUSIP: 452153JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $930170.88    | 0.06%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY WYO ENVIRONMENTAL IMPT REV                                                   | WY PACIFICORP-BRK LIN 95 V7@                                              | CUSIP: 533477AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5100000.00   | 0.31%             | 2025-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | DC MHSG HENSON RIDGE I 2025-XG0601-NPI BC/BC D1                           | CUSIP: 88035MFF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2375000.00   | 0.14%             | 2065-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2025                                                  | CUSIP: 645021CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180000.00    | 0.01%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2026 @                                             | CUSIP: 717817XG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $371884.12    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                            | ALLEG PA ARPT 5% 1/1/2027 @                                               | CUSIP: 01728LER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $384205.99    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEWETT ECONOMIC DEV CORP TEX I                                                            | TX NUCOR 03 V7@                                                           | CUSIP: 477349AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1285000.00   | 0.08%             | 2038-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CO NY                                                                          | WASHINGTON CNTY NY 3/20/26 BAN                                            | CUSIP: 938123HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4140846 | PA      | $4171585.98   | 0.25%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                            | GEISINGER PA 5% 4/1/2043 MT                                               | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2326164.53   | 0.14%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 5% 9/1/2027                                                | CUSIP: 67756Q5X1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104802.71    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                | CUSIP: 5444453E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $437682.42    | 0.03%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BRIGHTLINE FL PASSENGER RAIL 2024-XG0577-NUV E-AGM(BC)/BC D1@             | CUSIP: 88035HZ74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7400000.00   | 0.45%             | 2053-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW MT@                                                            | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13750000 | PA      | $13743232.25  | 0.83%             | 2044-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | OMAHA NE ARPT 2024-XG0593-MST E-AGC/Q=BA D7@                              | CUSIP: 88035JY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.22%             | 2049-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025 @                                            | CUSIP: 249182QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1000918.06   | 0.06%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026@                                                | CUSIP: 167593Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $444393.49    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.50% 6/1/2026                                             | CUSIP: 09182TCU9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    430000 | PA      | $437432.64    | 0.03%             | 2026-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2026                                               | CUSIP: 59261ANH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $752160.90    | 0.05%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                                  | HUMBLE TX ISD 5% 2/15/2027                                                | CUSIP: 445047NG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8215000 | PA      | $8531570.78   | 0.52%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/25@                                                    | CUSIP: 73358WR55<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2675868.93   | 0.16%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 12/1/2027                                              | CUSIP: 74440DFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $645032.44    | 0.04%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | LEE FL ARPT 2025-XM1239-ALL Q=JP D1@                                      | CUSIP: 88035M2K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8160000 | PA      | $8160000.00   | 0.49%             | 2054-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/2026@                                             | CUSIP: 944514TC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325552.83    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE COOK DU PAGE CNTYS IL SD                                                             | KANE COOK DUPAG 5% 1/1/2028                                               | CUSIP: 483836VR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $474773.90    | 0.03%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                                    | PORT OAKLAND CA 5% 5/1/2026 @                                             | CUSIP: 735000VG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014788.10   | 0.06%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA ST MFH KENSINGTON APTS 2022-MIZ9113 MZ/MZ D35                          | CUSIP: 60700HPB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $850000.00    | 0.05%             | 2052-11-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/15/2027                                             | CUSIP: 19648FAJ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2413310.80   | 0.15%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                                    | PA THO JFFRSN U 17B RFLOAT7                                               | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16595000 | PA      | $16595000.00  | 1.01%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GTR ORLANDO ARPT 2025-ZF1930-BLK Q=JP D7@                                 | CUSIP: 88035PMC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2700000.00   | 0.16%             | 2051-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL TAX ALLOC                                                                   | PASCO CNTY CAP 5.25% 9/1/2025                                             | CUSIP: 70252AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90173.29     | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HOUSTON TX ARPT 2025-ZF1926-BLK E-AGM/Q=JP D7@                            | CUSIP: 88035PLL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2260000.00   | 0.14%             | 2053-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SC PUB SVC SANTEE COOPER 2021-XF1243-PUT Q=JPMC BK D7                     | CUSIP: 88034YQD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6125000 | PA      | $6125000.00   | 0.37%             | 2051-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2025                                              | CUSIP: 56035DFM9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201159.74    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5% 10/1/2025 @                                            | CUSIP: 432308M50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $782641.63    | 0.05%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3.55% MT                                                   | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6455000 | PA      | $6532503.25   | 0.40%             | 2050-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2026@                                                   | CUSIP: 795576ME4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508865.75    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                                                    | MI STRAT FND 3.35% MT@                                                    | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165000 | PA      | $5093440.47   | 0.31%             | 2049-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONS INDPT SCHL DIST                                                              | HAYS TX ISD 5% 2/15/2026                                                  | CUSIP: 4211106K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $258517.09    | 0.02%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 10/1/2025                                              | CUSIP: 70879QQH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401491.88    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OH UNIV HOSP HLTH SVCS 15B V7                                             | CUSIP: 67756CCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3570000.00   | 0.22%             | 2045-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                              | NE TX ISD 3% 8/1/2027                                                     | CUSIP: 659155HJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625101.44    | 0.04%             | 2027-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CUERO TX INDEPENDENT SCHOOL DISTRICT                                                      | CUERO TX INDEPE 5% 8/15/2026                                              | CUSIP: 229831HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $732880.22    | 0.04%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL PARK DIST 2022-XM1304-MST BAMAC/RC D7                          | CUSIP: 88035DNG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5500000.00   | 0.33%             | 2044-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EAST HAMPTON NY UN FREE SH DIS                                                            | EAST HAMP NY SD 2.10% 6/1/2027                                            | CUSIP: 272718GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $715783.72    | 0.04%             | 2027-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2025 @                                                | CUSIP: 73358XBW1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2268445.62   | 0.14%             | 2025-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WALKER CNTY AL ECONOMIC and INDL DEV AUTH SOLID WASTE DISP REV                            | AL PWR - SOUTHERN CO 07 V1@                                               | CUSIP: 931542AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2700000.00   | 0.16%             | 2036-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO EDL ASSISTNCE FNDTN                                                            | NM ED ASSIST FN 5% 9/1/2025 @                                             | CUSIP: 647110FP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2082746.43   | 0.13%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | MD RIDERWOOD VLG BC22-029 BC/BC DR42                                      | CUSIP: 76252PVG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2935000.00   | 0.18%             | 2045-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2028 @                                               | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6790251.56   | 0.41%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2025                                               | CUSIP: 56035DGE6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    180000 | PA      | $180242.78    | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER                 | CUSIP: 646136XC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $381057.37    | 0.02%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                                 | HOUSTON TX MF 5% 8/1/2041                                                 | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $628186.98    | 0.04%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK INTEGRIS HLTH 20B V7                                                   | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4775000 | PA      | $4775000.00   | 0.29%             | 2031-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI DADE FL ARPT 2025-ZF1934-BLK Q=JP D7@                               | CUSIP: 88035PPB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.17%             | 2050-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST CLAIR CNTY ILL CMNTY UNIT SCH DIST NO 187 CAHOKIA                                      | ST CLAIR CNTY L 5% 1/1/2028                                               | CUSIP: 788550LW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $236532.69    | 0.01%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2026 @                                             | CUSIP: 603827J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $332978.09    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS_HFA 3.375% MT                                                         | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6430000 | PA      | $6433211.14   | 0.39%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUB FI AUTH LSE REV                                                            | ANAHEIM CALIF PUB FING AUTH LEASE REV CAP APPREC-SUB-PUB IMPTS PJ-C       | CUSIP: 03255LBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3636163.43   | 0.22%             | 2025-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CTY FL HSG AUT HSG REV                                                            | BROWARD HSG 4.05% 9/1/2056 MT                                             | CUSIP: 115027RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    684000 | PA      | $688213.85    | 0.04%             | 2056-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 11/1/2027                                              | CUSIP: 84136HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $628198.36    | 0.04%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST COLLEGE BLDG                                                             | MA ST COLL BLDG 0% 5/1/2026 ETM                                           | CUSIP: 575832GV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3312396.49   | 0.20%             | 2026-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2027 @                                               | CUSIP: 79766DSL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2267935.53   | 0.14%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BOERNE TX ISD                                                                             | BOERNE TX ISD 0% 2/1/2053                                                 | CUSIP: 097067NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5645000 | PA      | $5653241.70   | 0.34%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2026 @                                             | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $249576.16    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 0.9% MT                                                   | CUSIP: 64972EK32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $450347.72    | 0.03%             | 2060-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 0% 6/15/2026                                            | CUSIP: 592248AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $399630.98    | 0.02%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2026 @                                                  | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $371551.42    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2025                                               | CUSIP: 60416TTY4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    625000 | PA      | $625000.00    | 0.04%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                                            | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7                         | CUSIP: 52350LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10965000 | PA      | $10965000.00  | 0.66%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EAST SYRACUSE-MINOA NY CENT SD                                                            | E SYRACUSE MINOA NY CSD 6/25/26 BAN                                       | CUSIP: 275443EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6155553.92   | 0.37%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | ARIZONA IND DEV AUTH MF HSG 2023-MIZ9149 MZ/MZ D35                        | CUSIP: 60700HTK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.22%             | 2040-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                           | PHILA PA 5% 2/1/2026                                                      | CUSIP: 717813B81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1113438.15   | 0.07%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2028                                                         | CUSIP: 452153JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $654211.41    | 0.04%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                            | YUMA AZ HOSP 5% 8/1/2025                                                  | CUSIP: 988514CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2115000.00   | 0.13%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU 5% 4/15/2026                                              | CUSIP: 59447T3F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1752109.58   | 0.11%             | 2026-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DISTRICT COLUMBIA HSG FIN MULT 3.05% 09/01/2041 MT                        | CUSIP: 25477PQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4400561.88   | 0.27%             | 2041-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2027                                                  | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $303334.58    | 0.02%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $732387.16    | 0.04%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 4% 12/1/2025 @                                            | CUSIP: 944514YK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $631852.58    | 0.04%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL HSG FIN AUTH MFH                                                              | LEE CO FL MFH 3.55% MT                                                    | CUSIP: 52349HBC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    912000 | PA      | $912000.00    | 0.06%             | 2027-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2027                                                    | CUSIP: 2510936H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1278548.50   | 0.08%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OK CNTY OKLA FIN AUTH EDL FACS LEASE REV                                                  | OKLAHOMA COUNTY 5% 10/1/2027                                              | CUSIP: 67868UJA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $152036.18    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA J-2 1.1% MT                                                       | CUSIP: 64987JRC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4653338.32   | 0.28%             | 2061-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CO FL SLDWST RECV                                                            | HILLSBOROUGH CNTY SOLID WASTE 5% 9/1/2026                                 | CUSIP: 432342DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $840702.47    | 0.05%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COMMUNITY ROOTS HOUSING FOUNDATION                                                        | COMMUNITY ROOTS HOUSING FOUNDATION 3.4% MT                                | CUSIP: 20403EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8585000 | PA      | $8685006.67   | 0.53%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                                 | HOUSTON TX MF 3.65% MT                                                    | CUSIP: 442396EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3354158.59   | 0.20%             | 2048-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 7/1/2026                                               | CUSIP: 84136HBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $557441.28    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CO ST COMMONSPIRIT HLTH 2022-XM1060-ALL Q=JPMC BK D7                      | CUSIP: 88035DT96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.18%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                         | CUSIP: 452153FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1484207.09   | 0.09%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEAR CREEK TEX INDPT SCH DISTFOR ISSUES DATED PRIOR TO 04/02/2015 SEE 184540             | CLEAR CREEK TEX 3.60% G=PSF 2/15/35 MT                                    | CUSIP: 184541CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $530181.79    | 0.03%             | 2035-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G SIFMA+87 MT                                           | CUSIP: 79625GFV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3089130.78   | 0.19%             | 2048-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                                   | OKLAHOMA ST IND 5% 4/1/2027                                               | CUSIP: 67910FAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3910829.10   | 0.24%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN NEB MULTIFAMILY HSG REV                                                           | LINCOLN NEB MUL 3.37% MT                                                  | CUSIP: 534307AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3761898.45   | 0.23%             | 2048-01-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                            | PHX CVC APT REV 5% 7/1/2026 @                                             | CUSIP: 71883MQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2475388.03   | 0.15%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 4.6% 10/1/2046 MT @                                            | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9115000 | PA      | $9146064.83   | 0.55%             | 2046-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2027                                                  | CUSIP: 645021CR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $245892.20    | 0.01%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SMHA FIN PUB FAC CORP TEX MULTIFAMILY HSG REV                                             | SAN MARCOS 3.7% MT                                                        | CUSIP: 78454QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5305000 | PA      | $5384590.38   | 0.33%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                                   | OKLAH OK 67886U 3.35% MT                                                  | CUSIP: 67886UAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3740965.55   | 0.23%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA MUN FIN AUTH SOLID WASTE DISP REV WASTE MGMT INC PROJ-SER A            | CUSIP: 13048RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3949506.00   | 0.24%             | 2039-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2025 @                                                 | CUSIP: 73358XJT0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1544449.46   | 0.09%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                                      | ITHACA CITY NY 2/13/26 BAN                                                | CUSIP: 465650U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7833957.30   | 0.47%             | 2026-02-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/01/25 @                                                  | CUSIP: 762315QT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $825404.05    | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WADENA MINN REV                                                                           | WADENA MINN REV 5% 12/1/2027                                              | CUSIP: 930256AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $271499.49    | 0.02%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                                | PROSPER TX ISD 4% 2/15/2050 MT                                            | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $610366.29    | 0.04%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UT HSG CORP MULTIFAMILY REV                                                               | UT HSG MF 3.7% MT                                                         | CUSIP: 917434DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1776620.94   | 0.11%             | 2043-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CALIFORNIA MUN 4.125% MT                                                  | CUSIP: 13048RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000040.00   | 0.06%             | 2041-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CLARK NV POLLUTN CTL REV                                                                  | CLARK CO NV PCR 3.75% MT                                                  | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $525624.07    | 0.03%             | 2036-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20B1 V1@                                                         | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12735000 | PA      | $12735000.00  | 0.77%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SOLID WASTE FACSREV                                                         | IOWA FIN AUTH S 0% 1/1/2042 @                                             | CUSIP: 46246YAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280250.77    | 0.02%             | 2042-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                           | WA HFC MF 5% MT                                                           | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    808000 | PA      | $821760.40    | 0.05%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BINGHAMTON NY                                                                             | BINGHAMTON CITY NY 4/10/26 BAN                                            | CUSIP: 0904912K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17200000 | PA      | $17327496.72  | 1.05%             | 2026-04-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BOX ELDER CNTY UTAH POLLUTION CTL REV                                                     | BOX ELDER CNTY UTAH POLLUTION CTL REV VAR-REF-NUCOR CORP PROJ             | CUSIP: 103160AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1040000.00   | 0.06%             | 2028-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 5% 9/1/2025                                                | CUSIP: 67756Q5T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $415802.98    | 0.03%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                              | MAIKER HSG PART 4.5% MT                                                   | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1158000 | PA      | $1166574.41   | 0.07%             | 2042-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CNTY WY ENV IMP REV                                                            | WY PACIFICORP-BRK SWE 95 V1@                                              | CUSIP: 870481AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.10%             | 2025-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2026                                               | CUSIP: 267169GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1821764.04   | 0.11%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                              | OH HI ED COM 1.625% MT                                                    | CUSIP: 67756DVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $409811.22    | 0.02%             | 2034-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                                 | MARICOPA C 5% 12/1/2027                                                   | CUSIP: 56678PBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2821107.48   | 0.17%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% MT                                                      | CUSIP: 593344BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1392321.44   | 0.08%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWALPROJ REV                       | SOUTHERN CFA 5% MT                                                        | CUSIP: 842469DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2678343.60   | 0.16%             | 2053-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2025                                               | CUSIP: 64577XDK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $367175.33    | 0.02%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2025                                                   | CUSIP: 8371515W5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014456.40   | 0.12%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2026                                               | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    620000 | PA      | $633925.20    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.85% 1/1/2027                                              | CUSIP: 64469MQM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $624533.63    | 0.04%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9121 G=FHLM/MZ D1@                               | CUSIP: 60700HPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3610000.00   | 0.22%             | 2033-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                            | IOWASTUD LIQUID 5% 12/1/2026 @                                            | CUSIP: 462590NR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $224669.41    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                                                 | CLARK CO NV SD 5% 6/15/2027                                               | CUSIP: 181059TD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $660342.25    | 0.04%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SLT LAKE UT ARPT 2023-XM1147-MST Q=JP D7@                                 | CUSIP: 88035GR59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11200000 | PA      | $11200000.00  | 0.68%             | 2043-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | LYNCHBURG VA EDA CENTRA HLTH 2018-XL0075-NUV Q=JPMC BK D7                 | CUSIP: 88034MXT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12140000 | PA      | $12140000.00  | 0.74%             | 2055-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BRIGHTLINE FL PASSENGER RAIL 2024-XF1704-NUV E-AGM(RC)/RC D7@             | CUSIP: 88035HZ25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18900000 | PA      | $18900000.00  | 1.15%             | 2053-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.20% 5/1/2026                                                | CUSIP: 677525WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3514988.65   | 0.21%             | 2026-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 3.95% MT@                                                  | CUSIP: 605155BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7850000 | PA      | $7850393.29   | 0.48%             | 2055-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                | CUSIP: 5444452G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8590000 | PA      | $8910216.30   | 0.54%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                                    | CO MESIVTA GRTR LA 04 L=DB V7                                             | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $435000.00    | 0.03%             | 2029-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | LA HSG CORP REV 2025-XF3347-AMR MZ/MZ D7                                  | CUSIP: 88035MS55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.32%             | 2042-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2027                                                        | CUSIP: 452152P96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $564625.67    | 0.03%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILLBURN TWP NJ BRD ED                                                                    | MILLBURN TWP N .05% 8/15/2025                                             | CUSIP: 600225LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $419498.81    | 0.03%             | 2025-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2027                                                  | CUSIP: 645021DK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1893893.14   | 0.11%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA WTR and SWR AU                                                          | DC W and S 3% MT                                                          | CUSIP: 254845TJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $885795.48    | 0.05%             | 2057-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2028 @                                             | CUSIP: 7352402A0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2640109.00   | 0.16%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2027 @                                             | CUSIP: 592190QG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1009374.60   | 0.06%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 5% 8/1/2025 @                                                       | CUSIP: 882724JY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.12%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% 7/1/2026 MT                                                | CUSIP: 235298BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    857000 | PA      | $862508.71    | 0.05%             | 2026-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                                   | OKLAH OK 3.2% MT                                                          | CUSIP: 67886UAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000881.80   | 0.06%             | 2042-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                               | CUSIP: 646080SN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1051397.07   | 0.06%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2026 @                                                | CUSIP: 735389F45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3273896.48   | 0.20%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AL SE ENERGY G=MO 2022-XG0410-NUV Q=MO D7                                 | CUSIP: 88035DL94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21400000 | PA      | $21400000.00  | 1.30%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | SC CONWAY HOSP BC22-019 BC/BC DR42                                        | CUSIP: 76252PTY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2700000.00   | 0.16%             | 2047-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                                  | HUMBLE TX ISD 5% 2/15/2026                                                | CUSIP: 445047NF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5098019.18   | 0.31%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 5% 9/1/2026                                               | CUSIP: 44237NGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545936.75    | 0.03%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2027                                                | CUSIP: 20775DYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2715880.18   | 0.16%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2027                                              | CUSIP: 407288H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $492021.71    | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTA FE CNTY N MEX MULTIFAMILY REV                                                       | SANTA NM 3.29% 12/10/2049 MT                                              | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5585000 | PA      | $5600491.11   | 0.34%             | 2049-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP MLTFMY RV                                                            | FL HFC MF 3.8% 6/1/2042 MT                                                | CUSIP: 34073JVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1396441.40   | 0.08%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                                           | LOWER ALA GAS D 4% MT                                                     | CUSIP: 547804AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7714569.94   | 0.47%             | 2050-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2026 @                                                  | CUSIP: 45528U4T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151347.42    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2028@                                              | CUSIP: 64763HLZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4255000 | PA      | $4445728.25   | 0.27%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.50% 6/1/2027                                             | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    140000 | PA      | $145174.82    | 0.01%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BLYTHEVILLE AR INDL DEV REV                                                               | AR NUCOR 98 V7@                                                           | CUSIP: 096490BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.11%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE CNTY WI ARPT REV                                                                | MILWAUKEE WI AR 5% 12/1/2026 @                                            | CUSIP: 602248LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $296728.55    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2027 @                                                  | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $357424.24    | 0.02%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV                                   | FL INSURANCE 2023 A2 Q=FL V7                                              | CUSIP: 34074EAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22960000 | PA      | $22960000.00  | 1.39%             | 2032-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                                 | MARICOPA C 5% 12/1/2026                                                   | CUSIP: 56678PBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3446076.53   | 0.21%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025                                              | CUSIP: 249182ST4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1468683.79   | 0.09%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTR REV                                                                        | CHICAGO WTR 5% 11/1/2025                                                  | CUSIP: 167736V61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $417158.58    | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.45% MT                                                    | CUSIP: 160853TL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1967406.93   | 0.12%             | 2048-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10A1 V7                                                          | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35825000 | PA      | $35825000.00  | 2.17%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                                | NATIONAL FN AT 4.25% MT@                                                  | CUSIP: 63608RAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $10875172.32  | 0.66%             | 2027-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 7/1/2027                                               | CUSIP: 45204EJJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2049326.62   | 0.12%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 6/1/2026                                             | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    445000 | PA      | $451859.85    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SCH BRD COP                                                                 | PASCO FL SB COP 5% 8/1/2026                                               | CUSIP: 702528MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $388719.71    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 0% 2/1/2027                                               | CUSIP: 45203LEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    554000 | PA      | $559500.44    | 0.03%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 10/1/2027 @                                               | CUSIP: 735389XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $369526.51    | 0.02%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE(MO) 5.25% 6/1/29MT 53                                      | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3655949.01   | 0.22%             | 2053-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                       | ORANGE CNTY FL 0% 11/15/2052                                              | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1070600.10   | 0.06%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10E Q=SELF V7                                            | CUSIP: 735220AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13825000 | PA      | $13825000.00  | 0.84%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2025                                              | CUSIP: 64579XEA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $591707.93    | 0.04%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 3.125% 11/1/2040 AMT                                         | CUSIP: 130536QW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $3965771.24   | 0.24%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER A                       | CUSIP: 646136WE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $880885.87    | 0.05%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 1/1/2028                                                | CUSIP: 45204FG41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1166832.44   | 0.07%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1333404.59   | 0.08%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 9/1/2026                                                         | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4769369.70   | 0.29%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 7/1/2028                                                | CUSIP: 45204FG58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062047.10   | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 5.50% 11/1/2026 @                                         | CUSIP: 64461XHV0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112934.95    | 0.01%             | 2026-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                            | ROCKPORT IN PCR 3.7% 6/1/2047 MT                                          | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5470000 | PA      | $5544469.67   | 0.34%             | 2047-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ORANGE TWP NJ                                                                             | ORANGE TWP CITY ESSEX CNTY NJ 3/18/26 BAN                                 | CUSIP: 685312NP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8555011.15   | 0.52%             | 2026-03-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                                 | DALLAS TX 5% 2/15/2027                                                    | CUSIP: 235219WA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5649956.14   | 0.34%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2025                                               | CUSIP: 469487TA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165659.36    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CITY CT 3/26/26 BAN                                               | CUSIP: 9531402P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1914025.04   | 0.12%             | 2026-03-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO OHARE 2023 XF1457 D1 @                                            | CUSIP: 88035E5E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1175000.00   | 0.07%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TAMPA FL TAX ALLOC                                                                        | TAMPA FL TAX 5.25% 9/1/2027                                               | CUSIP: 875146AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021188.90   | 0.06%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC                                                                        | CUMBERLAND CNTY NC PROJECT AERO PRE MT@                                   | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300633.27   | 0.20%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 4/1/2027                                                    | CUSIP: 49151F4N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2426345.97   | 0.15%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/2026 @                                                 | CUSIP: 92428CKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $628686.88    | 0.04%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2026 @                                              | CUSIP: 167562TP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008690.80   | 0.06%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                              | OH HI ED COM 5% 5/1/2026                                                  | CUSIP: 67756DVT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406064.68    | 0.02%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2028 @                                            | CUSIP: 592647NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1327334.63   | 0.08%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 5% 9/1/2026                                                | CUSIP: 67756Q5V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123115.04    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.95% MT                                                   | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1801081.44   | 0.11%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% MT                                                             | CUSIP: 34074HGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $407521.94    | 0.02%             | 2026-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2027 @                                              | CUSIP: 167562RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $374062.59    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2025@                                             | CUSIP: 052398HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $699234.91    | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA 3.8% MT                                                           | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $675262.04    | 0.04%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALVIN TEX INDPT SCH DIST                                                                  | ALVIN TX ISD 5% 2/15/2026                                                 | CUSIP: 022447Z33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1189875.74   | 0.07%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1813042.33   | 0.11%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                              | ARIZONA ST INDL 5% MT                                                     | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1082000 | PA      | $1098637.26   | 0.07%             | 2045-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2025 @                                              | CUSIP: 696499EZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1219279.23   | 0.07%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2026                                                         | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $912378.43    | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 3.50% 1/1/2026                                            | CUSIP: 57419T3S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2767909.88   | 0.17%             | 2026-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH TPK REV                                                            | NJ TPK 5% 1/1/2027                                                        | CUSIP: 646140FM0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6208953.00   | 0.38%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | MD HLTH INTEGRACE BC22-024 BC/BC DR42                                     | CUSIP: 76252PUP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2515000.00   | 0.15%             | 2049-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST CLAIR CNTY ILL CMNTY UNIT SCH DIST NO 187 CAHOKIA                                      | ST CLAIR CNTY L 5% 1/1/2026                                               | CUSIP: 788550LU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126096.78    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 2.05/VAR MT@                                               | CUSIP: 605155BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5100000.00   | 0.31%             | 2026-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                                   | OKLAHOMA ST IND 5% 4/1/2028                                               | CUSIP: 67910FAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $925354.94    | 0.06%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5.25% 9/1/26                                                   | CUSIP: 64577B6K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1090527.89   | 0.07%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FNG AUTH REV                                                       | CALIFORNIA HLTH 0% 10/1/2039 MT                                           | CUSIP: 13032UB80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3445000 | PA      | $3458876.46   | 0.21%             | 2039-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9122 G=FHLM/MZ D1@                               | CUSIP: 60700HPY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9659756 | PA      | $9659756.00   | 0.59%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2026                                                | CUSIP: 20775DYC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2793583.15   | 0.17%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY 1% 9/1/2025                                                       | CUSIP: 542691DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $798288.24    | 0.05%             | 2025-09-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | STATE OF ILLINO 5% 3/1/2027                                               | CUSIP: 452153AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $304763.23    | 0.02%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                             | WI HSG EDA 3.875% MT                                                      | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $691364.34    | 0.04%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 2.15% MT@                                                      | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4216535.40   | 0.26%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 5% 3/1/2027                                                | CUSIP: 67756Q5W3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77735.37     | 0.00%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2025                                              | CUSIP: 56035DJK9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251483.13    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 4.25% 6/1/2048 MT @                                        | CUSIP: 605155BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2556517.29   | 0.15%             | 2048-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                              | CUSIP: 56035DJM5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256173.68    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW SIFMA+40 MT @                                                  | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7588182.00   | 0.46%             | 2041-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT EVERGLADES                                                           | BROWARD FL PORT 5% 9/1/2027 @                                             | CUSIP: 11506KGJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $757655.25    | 0.05%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@           | CUSIP: 60700HKS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18695000 | PA      | $18695000.00  | 1.13%             | 2042-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NY HSG 42ND and 10TH BC22-003 BC/BC DR42                                  | CUSIP: 76252PRU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.19%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2028 @                                              | CUSIP: 167562TR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046966.60   | 0.06%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REV                                                                      | KING CNTY SWR 1/1/2042 MT                                                 | CUSIP: 495290BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1939937.21   | 0.12%             | 2042-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | NE NUCOR 96 V7                                                            | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.15%             | 2026-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT PORT ARTHUR TX NAV DIST VAR-MOTIVA ENTERPRISES PJ-A                  | CUSIP: 735220AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3200000.00   | 0.19%             | 2040-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | TRIBOROUGH BRID 2% MT                                                     | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $361306.53    | 0.02%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.7% MT                                                   | CUSIP: 95648VBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4395000 | PA      | $4455106.02   | 0.27%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 4% MT @                                                      | CUSIP: 130536RC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5598322.24   | 0.34%             | 2042-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                                | CENTRAL PLAINS 2.5% MT                                                    | CUSIP: 154872AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1280000.00   | 0.08%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09E V7                                                | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25900000 | PA      | $25900000.00  | 1.57%             | 2029-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 7/1/2027                                               | CUSIP: 84136HBF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770423.25    | 0.05%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                              | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16010000 | PA      | $16010000.00  | 0.97%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2026                                                  | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $586763.24    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | KANSAS CITY MO ARPT 2023-XM1108-MST AGM/JPMC BK D1@                       | CUSIP: 88035FZG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2310000.00   | 0.14%             | 2057-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 132A 4/1/26                                                    | CUSIP: 49151F4M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $147352.86    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.375% MT                                                    | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610564.92    | 0.04%             | 2053-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@                     | CUSIP: 88035ENZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21000000 | PA      | $21000000.00  | 1.27%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2027                                                         | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $729294.98    | 0.04%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HEALTHCARE FACS REV                                                  | FL HLTHCARE FAC 5% 8/1/2025                                               | CUSIP: 34061QBX4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    435000 | PA      | $435000.00    | 0.03%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2027                                               | CUSIP: 56035DGY2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $411199.56    | 0.02%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI DADE FL ARPT 2025-ZF1933-BLK Q=JP D7@                               | CUSIP: 88035PNZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.15%             | 2050-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TEX INDPT SCH DIST                                                              | TEXAR TX 4% 2/15/2053 MT                                                  | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3230345.60   | 0.20%             | 2053-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OHIO ST HOSP RE 2.75% 1/1/2052 MT                                         | CUSIP: 67756CFW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3309637.33   | 0.20%             | 2052-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2027@                                                | CUSIP: 646080XU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3200147.63   | 0.19%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2027 @                                               | CUSIP: 646080XM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1166990.63   | 0.07%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 8/1/2027                                                | CUSIP: 97712JHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2483621.71   | 0.15%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.80% 7/1/2026                                              | CUSIP: 64469MQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $390885.26    | 0.02%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/1/2025                                              | CUSIP: 19648FVZ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145695.62    | 0.01%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2028                                                   | CUSIP: 8371515Z8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    410000 | PA      | $439893.47    | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2026                                                        | CUSIP: 64966SKC9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10256448.00  | 0.62%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | DENVER CO ARPT 2018-XM0715-MST Q=MO D7                                    | CUSIP: 88034NE34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7470000 | PA      | $7470000.00   | 0.45%             | 2043-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA MHG FIDDIMENT AFFORDABLE 2024-MIZ9162 MZ/MZ D35                        | CUSIP: 60700HVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260000.00    | 0.02%             | 2062-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.625% 4/1/2026                                             | CUSIP: 64469MRK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210568.55    | 0.01%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2027                                               | CUSIP: 56035DGJ5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    355000 | PA      | $368099.50    | 0.02%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NM HAVERLAND CARTER BC22-034 BC/BC D42                                    | CUSIP: 76252PWP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1330000.00   | 0.08%             | 2042-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                               | CUSIP: 646080WA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201010.34    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BELLEVILLE NJ TAN                                                                         | BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN                                   | CUSIP: 079098GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16300000 | PA      | $16431109.05  | 1.00%             | 2026-07-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                     | CUSIP: 19648FJH8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.06%             | 2049-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 10/1/2026 MT                                            | CUSIP: 593344BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2337343.93   | 0.14%             | 2026-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP MULTIFAMILY HSG REV                                          | TX AHC MF 3.625% MT                                                       | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $792717.18    | 0.05%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2025                                               | CUSIP: 59261APR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $382503.78    | 0.02%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                              | Fidelity Municipal Cash Central Fund                                      | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   8198362 | NS      | $8200001.28   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| OKLAHOMA CO OK IDS 89 OKLA CTY                                                            | OKLAHOMA CTY OK 3% 7/1/2026                                               | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4095000 | PA      | $4114596.62   | 0.25%             | 2026-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                           | PHILA PA 5% 8/1/2026                                                      | CUSIP: 717813B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3389917.96   | 0.21%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT                    | CUSIP: 88035HM37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6300000.00   | 0.38%             | 2030-12-15      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN SER B 5% 12/1/2026@                                          | CUSIP: 646080TT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $372459.40    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                              | MILWAUKEE 2% 3/1/2027                                                     | CUSIP: 602366VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1106884.80   | 0.07%             | 2027-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35         | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $585000.00    | 0.04%             | 2061-11-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2026                                               | CUSIP: 88256PAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $443676.20    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEA FLA WTR and SWR SYS REV                                                               | JEA FL WTSW 08 Q=BA V7                                                    | CUSIP: 46613PVY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.16%             | 2036-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 5.50% 8/1/2026 @                                                    | CUSIP: 8827235Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $379749.06    | 0.02%             | 2026-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH MT 4/1/2041                                                | CUSIP: 593344BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900238.83   | 0.12%             | 2041-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                          | PA THO JFFRSN U 18D RFLOAT V7                                             | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11220000 | PA      | $11220000.00  | 0.68%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTH.                                                                          | GUAM POWER AUTH 5% 10/1/2025 Q                                            | CUSIP: 400653JQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $566668.11    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                                | NATIONAL FN AT 2.15% MT@                                                  | CUSIP: 63608RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4196104.08   | 0.25%             | 2033-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2028                                                       | CUSIP: 626207Q49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2165341.50   | 0.13%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2025                                              | CUSIP: 407288H28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705412.05    | 0.04%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AZ MFH SAFFORD PRJ 2023-XF3174-AMR MZ/MZ D7                               | CUSIP: 88035GT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5055000 | PA      | $5055000.00   | 0.31%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AL SE ENERGY G=MO 2022-XM1062-ALL Q=MO D7                                 | CUSIP: 88035DX26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12900000 | PA      | $12900000.00  | 0.78%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 12/1/2025                                              | CUSIP: 74440DFD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603479.22    | 0.04%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                                               | CHTNOOGA TN COMNSPIRIT HLTH V7                                            | CUSIP: 162410CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14095000 | PA      | $14095000.00  | 0.85%             | 2039-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                            | NJ TOBACCO 5% 06/01/27                                                    | CUSIP: 888808HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1145307.41   | 0.07%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH PCR                                                              | GA OGLETHORPE PWR HATCH 13A V7                                            | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7040000 | PA      | $7040000.00   | 0.43%             | 2038-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 3.15% 2/1/2029 MT                                         | CUSIP: 45203LFC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4656276.11   | 0.28%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO EDL ASSISTNCE FNDTN                                                            | NM ED ASSIST FN 5% 9/1/2027 @                                             | CUSIP: 647110FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82342.75     | 0.00%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***     | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30400000 | PA      | $30400000.00  | 1.84%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                                   | UT CNTY UT HOSP 5% MT                                                     | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $917140.77    | 0.06%             | 2060-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/26                                                 | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $372383.99    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2025                                               | CUSIP: 56035DES7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130175.34    | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT                                    | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4735000 | PA      | $4765680.91   | 0.29%             | 2054-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                              | N MUNI PWR 5% 1/1/2028                                                    | CUSIP: 665444LW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053638.30   | 0.06%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ANCHORAGE AK PORT REV 2025-XF3381-INV E-AGC/Q=WF D7@                      | CUSIP: 88035PJP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5700000.00   | 0.35%             | 2050-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.875% MT                                                   | CUSIP: 610530FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $993759.82    | 0.06%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-ZL0397-BLK Q=MO D7                              | CUSIP: 88035EQB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1635000.00   | 0.10%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                   | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    942957 | PA      | $942957.00    | 0.06%             | 2062-08-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10D Q=SELF V7                                            | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  32055000 | PA      | $32055000.00  | 1.94%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST CLAIR CNTY ILL CMNTY UNIT SCH DIST NO 187 CAHOKIA                                      | ST CLAIR CNTY L 5% 1/1/2027                                               | CUSIP: 788550LV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154608.95    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3% MT                                                      | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3440000 | PA      | $3431729.90   | 0.21%             | 2053-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BUFORD GA MF HSG AUTH 2023-XF3118-AMR MZ/MZ D7                            | CUSIP: 88035FN48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1064857 | PA      | $1064857.00   | 0.06%             | 2041-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY IL UNIV REV                                                                    | UNIV IL 5% 10/1/2027                                                      | CUSIP: 9143536X0<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    145000 | PA      | $151191.86    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                        | TARRANT EFFC HO 5% MT                                                     | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2574709.31   | 0.16%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2028 @                                                | CUSIP: 5444452H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3677016.53   | 0.22%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DECATUR GA HSG AUTH MULTIFAMILY HSG REV                                                   | DECATUR GA HSG 3.25% 9/1/2028 MT                                          | CUSIP: 24311PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2265016.50   | 0.14%             | 2028-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH POLLUTION CTL REV VRDO IAM COML PAPER 3/A2 SER 1992         | HALIFAX CNTY VA 3.8% MT                                                   | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1035353.86   | 0.06%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2026                                               | CUSIP: 59259Y5R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5426093.88   | 0.33%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OK CNTY OKLA FIN AUTH EDL FACS LEASE REV                                                  | OKLAHOMA COUNTY 5% 10/1/2026                                              | CUSIP: 67868UHZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128272.16    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2028                                                    | CUSIP: 2510936J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $707115.29    | 0.04%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE COOK DU PAGE CNTYS IL SD                                                             | KANE COOK DUPAG 5% 1/1/2026                                               | CUSIP: 483836VP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504783.65    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                | CUSIP: 544445W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $300270.50    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-ZL0396-BLK Q=MO D7                              | CUSIP: 88035EQD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1605000.00   | 0.10%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/1/2025 AMT                                               | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    705000 | PA      | $707125.29    | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | WASTE MANAGEMENT PUTS 1.7% 8/3/2020@                                      | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11950000 | PA      | $11904879.19  | 0.72%             | 2037-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO PLANNED INDL EXPANSION AUTH MULTIFAMILY HSG REV                            | KANSAS CITY MSR 5% MT                                                     | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    877000 | PA      | $902509.12    | 0.05%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2027                                               | CUSIP: 56035DGH9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $411199.56    | 0.02%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 5.50% 8/1/2025 @                                                    | CUSIP: 8827235Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1445000.00   | 0.09%             | 2025-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 4.25% 7/1/2043 MT @                                          | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8255000 | PA      | $8254869.57   | 0.50%             | 2043-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COON RAPIDS MINN                                                                          | COON MN 2% 4/1/2027                                                       | CUSIP: 21657APJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983516.80    | 0.06%             | 2027-04-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                 | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1860000.00   | 0.11%             | 2055-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2025 @                                              | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1086358.28   | 0.07%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UTICA MI CMNTY SCHS                                                                       | UTICA MI CSD 5% 5/1/2026                                                  | CUSIP: 917661Z78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055377.00   | 0.19%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | WA MFH AVENTINE APTS 2024-XF3227-AMR MZ/MZ D7                             | CUSIP: 88035JAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.18%             | 2054-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2027@                                              | CUSIP: 64763HLY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2324034.16   | 0.14%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09D V7                                                | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24300000 | PA      | $24300000.00  | 1.47%             | 2029-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CAPITAL AREA HSG FIN CORP TEX MULTI FAMILY HSG REV                                        | CAP AREA HFC TX 3.125% MT                                                 | CUSIP: 139726CZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2875529.73   | 0.17%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL WSTWTR 2025-XG0605-NUV I=AG Q=BC D7                            | CUSIP: 88035MWN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3520000.00   | 0.21%             | 2058-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                                 | NEWARK CITY ESSEX CNTY NJ 25B 5/7/26 BAN                                  | CUSIP: 650367TD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7574964.75   | 0.46%             | 2026-05-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2027                                              | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $603497.58    | 0.04%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                                 | SEATTLE WA HSG 5% 6/1/2027                                                | CUSIP: 812636PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $449249.55    | 0.03%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2026                                               | CUSIP: 64577XET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1348354.13   | 0.08%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INST TECHNOLOGY                                                                | NEW JERSEY INST 5% 7/1/2028                                               | CUSIP: 64579RDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $384315.70    | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INLIVIAN N C MULTIFAMILY REV                                                              | INLIVIAN N C MU 11/1/2058 MT                                              | CUSIP: 45753CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4601889.11   | 0.28%             | 2058-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                                      | ST LAWRENCE CNT 5% 7/1/2026                                               | CUSIP: 791078ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $147840.67    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                                    | TRIMBLE CNTY KY 0% 6/1/2054 @                                             | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4792558.54   | 0.29%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2026                                                | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    795000 | PA      | $805965.28    | 0.05%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 5% 2/1/2026                                           | CUSIP: 79625GED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $333871.86    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 5% 3/1/2026                                                | CUSIP: 67756Q5U7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126721.60    | 0.01%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD REV                                                                | AL PWR - SOUTHERN CO 01-B V1@                                             | CUSIP: 607166AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5150000.00   | 0.31%             | 2031-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FHLMC FL GALLERY SMATHERS PLZ 2025-CF7017 CI/CI D7                        | CUSIP: 88035MKR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.08%             | 2037-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 3/1/2027 MT                                             | CUSIP: 593344BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $761049.64    | 0.05%             | 2027-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FINGAUTH UPMC REV                                               | PENNSYLVANIA EC 5% 2/15/2026                                              | CUSIP: 70870JDN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75839.31     | 0.00%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.70% 1/1/2027                                              | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $679027.73    | 0.04%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                                   | WV UNIV HLTH 18E RFLOAT V7                                                | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2480000.00   | 0.15%             | 2033-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2026                                                   | CUSIP: 283735AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1428626.61   | 0.09%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | GA PWR - SOUTHERN CO 12-3 V1@                                             | CUSIP: 121342NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11530000 | PA      | $11530000.00  | 0.70%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2026                                              | CUSIP: 407288H36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $722363.67    | 0.04%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FL GT ORLANDO ARPT 2022-XM1093-ALL Q=JPMC BK D1@                          | CUSIP: 88035EZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10445000 | PA      | $10445000.00  | 0.63%             | 2036-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2028 @                                            | CUSIP: 392275EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372090.04    | 0.02%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SHAWNEE CNTY KS MF HSG REVENUE                                                            | COUNTY OF SHAWNEE KS 3.75% 5/1/2059 MT                                    | CUSIP: 82056AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3228092.48   | 0.20%             | 2059-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% 2/1/2027 MT                                                    | CUSIP: 34074HGZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $570609.66    | 0.03%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2027                                               | CUSIP: 88256PAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $478033.11    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2026 @                                              | CUSIP: 696499FA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1253084.60   | 0.08%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                     | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3551556.80   | 0.22%             | 2062-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2027                                              | CUSIP: 02765URN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2922025.06   | 0.18%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2025                                              | CUSIP: 56035DDS8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    460000 | PA      | $461127.83    | 0.03%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 3/1/2028                                                | CUSIP: 13013JED4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1887962.67   | 0.11%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2026                                                  | CUSIP: 645021CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $260698.84    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35              | CUSIP: 60700HPG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14585000 | PA      | $14585000.00  | 0.88%             | 2052-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| LONG BEACH N Y                                                                            | LONG BEACH CITY NY 24B 9/26/25 BAN                                        | CUSIP: 542519FZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7408397.52   | 0.45%             | 2025-09-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA MFH LITTLE TOKYO TWRS 2025-CF7013 CI/CI D7                             | CUSIP: 88035MDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4019868 | PA      | $4019868.00   | 0.24%             | 2052-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRPORT                                                                            | AK AIRPORT 5% 10/1/2025 @                                                 | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $622152.21    | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                       | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7425398.67   | 0.45%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WYLIE TEX INDPT SCH DIST                                                                  | WYLIE TX ISD 0% 8/15/2025                                                 | CUSIP: 9830686P7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2237504.19   | 0.14%             | 2025-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.625% MT                                                   | CUSIP: 160853VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1651091.34   | 0.10%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HEALTHCARE FACS REV                                                  | FL HLTHCARE FAC 5% 8/1/2027                                               | CUSIP: 34061QBZ9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042174.60   | 0.06%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2026                                                         | CUSIP: 452153DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2436107.47   | 0.15%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY GAS DIST 2023-XM1110-ALL G=RC Q=RC D7                | CUSIP: 88035FC24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3200000.00   | 0.19%             | 2053-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CAP TRUST FL MVM LANDFILL 2025-YX1371-FUN BC/BC D1@                       | CUSIP: 88035MFU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.08%             | 2044-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.65% 12/1/2027 @                                             | CUSIP: 677525XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3842645.32   | 0.23%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | IL PLYMOUTH PLACE BC25-002 BC/BC D35                                      | CUSIP: 76252PG45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7200000.00   | 0.44%             | 2056-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2025 Q                                             | CUSIP: 97712JFJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $336134.54    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAINT PAUL MN MF HSG PLATO APTS 2023-MIZ9145 MZ/MZ D35                    | CUSIP: 60700HSW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4500000.00   | 0.27%             | 2063-06-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HI ST ARPT 2022-XG0386-MST Q=MO D7@                                       | CUSIP: 88035DAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9600000.00   | 0.58%             | 2048-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV                                           | PHX IDA SW 3.85% 12/1/2035 @                                              | CUSIP: 71884RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $6900000.00   | 0.42%             | 2035-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                            | COCONINO AZ PC 4.125% 9/1/2032 @                                          | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $941750.28    | 0.06%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer