# EDGAR Filing Document

**Accession Number:** 0001342947
**File Stem:** 0001752724-25-161392
**Filing Date:** 2025-6
**Character Count:** 160491
**Document Hash:** 3a25fdf737dde9a2be675909b08af53f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161392.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161392

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BBH Trust
- **CENTRAL INDEX KEY:** 0001342947

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21829
- **FILM NUMBER:** 251083575

**BUSINESS ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 800-575-1265

**MAIL ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

## Series and Classes Contracts Data

### BBH Intermediate Municipal Bond Fund (Series ID: S000034202)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000105434 | Class N Shares | BBINX           |
| C000105435 | Class I Shares | BBIIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BBH Trust

- **b. Investment Company Act file number:** 811-21829

- **c. CIK number of Registrant:** 0001342947

- **d. LEI of Registrant:** 5493002QM4WBFYUZ3Y95

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

  - **Street Address 1:** 140 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10005-1108

  - **Telephone number:** 800-575-1265

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

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

- **b. EDGAR series identifier (if any):** S000034202

- **c. LEI of Series:** 549300DPCM9UOCN3CJ45

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1570824090.88

**Total Liabilities:** $103725848.46

**Net Assets:** $1467098242.42

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3016.00000000 | **1-Year:** -49779.00000000 | **5-Year:** -238102.00000000 | **10-Year:** -574509.00000000 | **30-Year:** -155910.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000105435 | 1.06%                | -1.05%               | -0.29%               |
| Class ID C000105434 | 0.95%                | -1.06%               | -0.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-247769.10              | $10210735.88                               |
| Month 2  | $-1069620.73             | $-18610617.79                              |
| Month 3  | $-997305.86              | $-6860537.56                               |

**Designated Index Information**

- **Index Name:** Bloomberg 1-15 Year Muni Blend

- **Index Identifier:** LM17TR Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MODESTO CA IRR DI V/R 09/01/37 | MODESTO CA IRR DIST FING AUTH REGD V/R B/E NATL 3.69870000                           | CUSIP: 607769EL6<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |  16095000 | PA      | $15233901.41  | 1.04%             | 2037-09-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY V/R 04/01/53 | BLACK BELT ENERGY GAS DIST AL REGD V/R B/E 4.27000000                                | CUSIP: 09182TBD8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11633980.80  | 0.79%             | 2053-04-01      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| LITTLE ELM TX IND V/R 08/15/48 | LITTLE ELM TX INDEP SCH DIST REGD V/R B/E PSF-GTD 0.68000000                         | CUSIP: 5370963S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $550101.40    | 0.04%             | 2048-08-15      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA UNI ZCP 08/01/36 | LONG BEACH CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                              | CUSIP: 542433QL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6920000 | PA      | $4261246.04   | 0.29%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/42 | OREGON COAST OR CMNTY CLG DIST REGD OID B/E SCH BD 0.00000000                        | CUSIP: 68583NCK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $664621.42    | 0.05%             | 2042-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2024-ML25  V/R 11/25/38  | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML25 CL ACA V/R 3.54161000          | CUSIP: 3137HH6G1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9941382 | PA      | $9309216.29   | 0.63%             | 2038-11-25      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| ALLAN HANCOCK JT C 0% 08/01/42 | ALLAN HANCOCK JT CMNTY CLG CA REGD OID B/E 0.00000000                                | CUSIP: 016730DA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10430000 | PA      | $8549500.20   | 0.58%             | 2042-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST ORANGE COVE T 5% 02/15/33 | WEST ORANGE COVE TX CONSOL IND REGD N/C B/E PSF-GTD 5.00000000                       | CUSIP: 954838VC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2783676.25   | 0.19%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HL V/R 07/01/48 | CONNECTICUT ST HLTH & EDUCTNL REGD V/R B/E 2.80000000                                | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4976472.00   | 0.34%             | 2048-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUBLIC ZCP 09/01/31 | ANAHEIM CA PUBLIC FING AUTH LE REGD N/C ZCP OID B/E AGM 0.00000000                   | CUSIP: 03255LBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2785460.65   | 0.19%             | 2031-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW MEMPHIS ARENA  0% 04/01/29 | NEW MEMPHIS ARENA PUBLIC BLDG REGD N/C OID B/E 0.00000000                            | CUSIP: 64704CAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5575000 | PA      | $5280371.29   | 0.36%             | 2029-04-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/55 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MK34<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5572450.00   | 0.38%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BON V/R 11/15/27 | LONG BEACH CA BOND FIN AUTH NA REGD V/R B/E 4.52170000                               | CUSIP: 54241ABC6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008263.70   | 0.07%             | 2027-11-15      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CN 5% 07/01/36 | HONOLULU CITY & CNTY HI WSTWTR REGD B/E 5.00000000                                   | CUSIP: 4387014M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3372907.50   | 0.23%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIALTO CA UNIF SC ZCP 08/01/40 | RIALTO CA UNIF SCH DIST REGD ZCP OID B/E BAM 0.00000000                              | CUSIP: 762494SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $603416.64    | 0.04%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/41 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440DU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2209419.50   | 0.15%             | 2041-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG 2% 05/15/30 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E AMT 2.00000000                               | CUSIP: 20775HBQ5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    165000 | PA      | $145818.90    | 0.01%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF  5% 07/01/36 | SAN DIEGO CA UNIF SCH DIST REGD B/E 5.00000000                                       | CUSIP: 797356LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1721174.13   | 0.12%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DE 6% 05/01/55 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 6.00000000                           | CUSIP: 60637GBD0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   4850000 | PA      | $5276305.79   | 0.36%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP S ZCP 02/01/33 | DULUTH MN INDEP SCH DIST #709 REGD ZCP OID B/E SD CRED 0.00000000                    | CUSIP: 264471LN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $703940.14    | 0.05%             | 2033-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/41 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429X44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $811817.10    | 0.06%             | 2041-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN 6% 07/01/54 | IDAHO ST HSG & FIN ASSN SF MTG REGD B/E GNMA/FN 6.00000000                           | CUSIP: 45129Y5K8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   4930000 | PA      | $5363453.49   | 0.37%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC H V/R 09/01/39 | E-470 CO PUBLIC HIGHWAY AUTH REGD V/R B/E 3.67120000                                 | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10884440.60  | 0.74%             | 2039-09-01      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG 6% 11/15/54 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 6.00000000                           | CUSIP: 20775HM34<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   4965000 | PA      | $5314799.64   | 0.36%             | 2054-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/34 | OREGON COAST OR CMNTY CLG DIST REGD N/C OID B/E SCH BD 0.00000000                    | CUSIP: 68583NCB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $325007.10    | 0.02%             | 2034-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/40 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $761407.62    | 0.05%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 4% 11/01/45 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 4.00000000                                     | CUSIP: 83756CLL7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    375000 | PA      | $374563.54    | 0.03%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST 5% 03/15/40     | CONNECTICUT ST REGD B/E 5.00000000                                                   | CUSIP: 20772KA82<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085465.90   | 0.07%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/34 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583JJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1018536.55   | 0.07%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 5.25% 04/01/53 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 5.25000000                           | CUSIP: 45203MLG4<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5145000 | PA      | $5408385.93   | 0.37%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/43 | ANTELOPE VLY CA CMNTY CLG DIST REGD B/E 5.00000000                                   | CUSIP: 03667PLP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046025.00   | 0.14%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CA JT UNI ZCP 08/01/40 | CHAFFEY CA JT UNION HIGH SCH D REGD ZCP OID B/E 0.00000000                           | CUSIP: 157411VV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $764376.30    | 0.05%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST T ZCP 12/01/41 | PENNSYLVANIA ST TURNPIKE COMMI REGD N/C ZCP OID B/E 0.00000000                       | CUSIP: 709224DS5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $1469711.67   | 0.10%             | 2041-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV ARPT 5% 07/01/36 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.00000000                               | CUSIP: 759874CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $779960.33    | 0.05%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/31 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 646136XJ5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9575000 | PA      | $7453900.04   | 0.51%             | 2031-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EWING TWP NJ 2% 08/01/29       | EWING TWP NJ REGD B/E 2.00000000                                                     | CUSIP: 300551MR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1591267.13   | 0.11%             | 2029-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN 5.75% 03/01/54 | OHIO ST HSG FIN AGY RSDL MTGE REGD B/E FNMA/GN 5.75000000                            | CUSIP: 67756Q2H9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   6430000 | PA      | $6755493.67   | 0.46%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF  4% 12/01/43 | MONTANA ST BRD OF HSG SF MTGE REGD B/E 4.00000000                                    | CUSIP: 61212WFN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $359961.26    | 0.02%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/31 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2935940.28   | 0.20%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC  V/R 01/01/52 | OHIO ST HOSP FAC REVENUE REGD V/R B/E 3.00000000                                     | CUSIP: 677561LA8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16000000.00  | 1.09%             | 2052-01-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLT V/R 10/01/42 | WASHINGTON ST HLTH CARE FACS A REGD V/R B/E 4.00000000                               | CUSIP: 93978HYG4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1944707.60   | 0.13%             | 2042-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NRTHRN CA ENERGY  V/R 12/01/54 | NRTHRN CA ENERGY AUTH COMMODIT REGD V/R B/E 5.00000000                               | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10479863.00  | 0.71%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CA JT UNI ZCP 08/01/42 | CHAFFEY CA JT UNION HIGH SCH D REGD ZCP OID B/E 0.00000000                           | CUSIP: 157411VX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $457556.00    | 0.03%             | 2042-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST 5% 08/01/26          | ALASKA ST REGD N/C B/E 5.00000000                                                    | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2559264.00   | 0.17%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TILLAMOOK BAY OR  ZCP 06/15/38 | TILLAMOOK BAY OR CMNTY CLG DIS REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 886792BD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1066440.72   | 0.07%             | 2038-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY  V/R 01/01/56 | CALIFORNIA CMNTY CHOICE FING A REGD V/R B/E 5.00000000                               | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2712006.63   | 0.18%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/37 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392275EZ2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3340611.18   | 0.23%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 4% 05/01/43 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 4.00000000                                   | CUSIP: 735389E46<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1683636.74   | 0.11%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/26 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358WMA9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8008334.40   | 0.55%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA  2.25% 07/01/25 | MONROE CNTY GA DEV AUTH POLL C REGD B/E 2.25000000                                   | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1742750.45   | 0.12%             | 2025-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST 3.3% 06/01/34 | MASSACHUSETTS ST HSG FIN AGY H REGD B/E AMT 3.30000000                               | CUSIP: 57587AQ92<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    370000 | PA      | $345882.88    | 0.02%             | 2034-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| GLENDALE CA UNIF  ZCP 09/01/37 | GLENDALE CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                                | CUSIP: 378460WJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $2327612.99   | 0.16%             | 2037-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST 5% 08/01/27          | ALASKA ST REGD N/C B/E 5.00000000                                                    | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042950.50   | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF  4% 12/01/50 | MONTANA ST BRD OF HSG SF MTGE REGD B/E 4.00000000                                    | CUSIP: 61212WKN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2477782.89   | 0.17%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG  4.75% 07/01/52 | INDIANA ST HSG & CMNTY DEV AUT REGD OID B/E GNMA/FN 4.75000000                       | CUSIP: 45505TXV8<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   5855000 | PA      | $5975781.62   | 0.41%             | 2052-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/30 | ANTELOPE VLY CA CMNTY CLG DIST REGD N/C B/E 5.00000000                               | CUSIP: 03667PLA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047421.20   | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH PORT V/R 02/01/55 | LANCASTER OH PORT AUTH GAS REV REGD V/R B/E 5.00000000                               | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7318930.50   | 0.50%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT 5% 11/01/35 | LOVE FIELD TX ARPT MODERNIZATI REGD B/E AMT 5.00000000                               | CUSIP: 54714CBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017223.00   | 0.14%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 6% 03/01/53 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 6.00000000                           | CUSIP: 88275FVW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3447069.74   | 0.23%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.75% 11/15/36 | DENVER CITY & CNTY CO ARPT REV REGD N/C B/E AMT 5.75000000                           | CUSIP: 249182TE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3497294.10   | 0.24%             | 2036-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV  4% 07/01/48 | TENNESSEE HSG DEV AGY RSDL FIN REGD B/E 4.00000000                                   | CUSIP: 880461SC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635062.48    | 0.04%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST 6.25% 11/01/55 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E GNMA/FN 6.25000000                             | CUSIP: 83756LBH7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5527303.00   | 0.38%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST 5% 05/01/35       | WISCONSIN ST REGD N/C B/E 5.00000000                                                 | CUSIP: 97705MK79<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1480567.27   | 0.10%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 4.25% 01/01/49 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 4.25000000                                 | CUSIP: 60416SB66<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1255339.25   | 0.09%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG 6.25% 07/01/54 | KENTUCKY ST HSG CORP SF MTGE REGD B/E GNMA/FN 6.25000000                             | CUSIP: 491309ES5<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   4920000 | PA      | $5393938.68   | 0.37%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENE V/R 05/01/53 | CENTRL PLAINS ENERGY PROJ NE G REGD V/R B/E 5.00000000                               | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  14450000 | PA      | $14942003.72  | 1.02%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MT 6.5% 09/01/54 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 6.50000000                              | CUSIP: 647201ZU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9680000 | PA      | $10567788.62  | 0.72%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY  V/R 03/01/55 | SOUTHEAST ENERGY AUTH COOPERAT REGD V/R B/E 5.25000000                               | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  11390000 | PA      | $12015678.90  | 0.82%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| WINDSOR CA UNIF S ZCP 08/01/33 | WINDSOR CA UNIF SCH DIST REGD N/C ZCP OID B/Q B/E 0.00000000                         | CUSIP: 973517HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $755783.18    | 0.05%             | 2033-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/44 | ANTELOPE VLY CA CMNTY CLG DIST REGD B/E 5.00000000                                   | CUSIP: 03667PLQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1707338.89   | 0.12%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HL V/R 07/01/57 | CONNECTICUT ST HLTH & EDUCTNL REGD V/R B/E 2.80000000                                | CUSIP: 20775DUY6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   6580000 | PA      | $6549680.02   | 0.45%             | 2057-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| DETROIT MI CITY SC 6% 05/01/29 | DETROIT MI CITY SCH DIST REGD N/C B/E AGM Q-S 6.00000000                             | CUSIP: 251129ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3033813.32   | 0.21%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATUR V/R 12/01/53 | MAIN STREET NATURAL GAS INC GA REGD V/R B/E 5.00000000                               | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7864395.00   | 0.54%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/44 | OREGON COAST OR CMNTY CLG DIST REGD OID B/E SCH BD 0.00000000                        | CUSIP: 68583NCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1439355.98   | 0.10%             | 2044-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST S 4% 08/15/32 | MASSACHUSETTS ST SCH BLDG AUTH REGD B/E 4.00000000                                   | CUSIP: 576000RY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002473.00   | 0.34%             | 2032-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANE & DOUGLAS CNT 0% 06/15/36 | LANE & DOUGLAS CNTYS OR SCH DI REGD OID B/E SCH BD 0.00000000                        | CUSIP: 515160EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $898396.29    | 0.06%             | 2036-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 09/15/27 | TEXAS ST MUNI GAS ACQUISITION REGD N/C V/R B/E 3.70020000                            | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   8865000 | PA      | $8865022.16   | 0.60%             | 2027-09-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CN 5% 07/01/37 | HONOLULU CITY & CNTY HI WSTWTR REGD B/E 5.00000000                                   | CUSIP: 4387014N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2783233.75   | 0.19%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNT 3.75% 12/01/49 | WYOMING ST CMNTY DEV AUTH HSG REGD B/E 3.75000000                                    | CUSIP: 98322QUG0<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498577.30    | 0.03%             | 2049-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/34 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647GF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1210497.80   | 0.08%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/34 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 646136XM8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7295000 | PA      | $4932417.96   | 0.34%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/30 | MET WASHINGTON DC ARPTS AUTH A REGD N/C B/E AMT 5.00000000                           | CUSIP: 592647LB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1682914.48   | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CA JT UNI ZCP 08/01/43 | CHAFFEY CA JT UNION HIGH SCH D REGD ZCP OID B/E 0.00000000                           | CUSIP: 157411VY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $775007.02    | 0.05%             | 2043-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST 5% 08/01/29          | ALASKA ST REGD N/C B/E 5.00000000                                                    | CUSIP: 0117706E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1823176.05   | 0.12%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISC 5% 09/01/36 | SOUTH SAN FRANCISCO CA UNIF SC REGD B/E 5.00000000                                   | CUSIP: 840058WN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1147277.54   | 0.08%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 3.45% 03/01/49 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 3.45000000                           | CUSIP: 60416QHL1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1241781 | PA      | $1108321.34   | 0.08%             | 2049-03-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CA JT UNI ZCP 08/01/44 | CHAFFEY CA JT UNION HIGH SCH D REGD ZCP OID B/E 0.00000000                           | CUSIP: 157411VZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $411100.00    | 0.03%             | 2044-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 07/01/32 | LOS ANGELES CA DEPT WTR & PWR REGD B/E 5.00000000                                    | CUSIP: 5444952H6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $3007190.17   | 0.20%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANE CNTY OR SCH  ZCP 06/15/43 | LANE CNTY OR SCH DIST #40 CRES REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 515354EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $601693.95    | 0.04%             | 2043-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/32 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FH40<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093632.60   | 0.07%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI G 6.25% 12/15/26 | TEXAS ST MUNI GAS ACQUISITION REGD N/C OID B/E 6.25000000                            | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   6340000 | PA      | $6515373.91   | 0.44%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINA 5% 12/01/32 | SALT VERDE AZ FINANCIAL CORP S REGD N/C OID B/E 5.00000000                           | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   4865000 | PA      | $5113746.48   | 0.35%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 01/01/55 | NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                            | CUSIP: 6582074E2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   9040000 | PA      | $9723704.24   | 0.66%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE 6% 03/01/55 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 6.00000000                              | CUSIP: 647201K43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5363591.31   | 0.37%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SY 5% 07/01/41 | HAWAII ST ARPTS SYS REVENUE REGD B/E AMT 5.00000000                                  | CUSIP: 419794K92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4825494.72   | 0.33%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND O 5% 07/01/36 | PORT OF PORTLAND OR ARPT REVEN REGD B/E AMT 5.00000000                               | CUSIP: 7352403A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3157225.20   | 0.22%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/30 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG82<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1175684.29   | 0.08%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/28 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG41<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3640833.00   | 0.25%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 04/01/54 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MUH2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5580000 | PA      | $6007449.76   | 0.41%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND O 4% 07/01/38 | PORT OF PORTLAND OR ARPT REVEN REGD B/E AMT 4.00000000                               | CUSIP: 7352402L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4754329.50   | 0.32%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG  4.2% 11/01/48 | COLORADO ST HSG & FIN AUTH REGD B/E GNMA CO 4.20000000                               | CUSIP: 196479V48<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    420304 | PA      | $404972.40    | 0.03%             | 2048-11-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA  5.5% 09/01/48 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.50000000                                  | CUSIP: 717883A77<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2848328.28   | 0.19%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DETROIT MI CITY 5.25% 05/01/25 | DETROIT MI CITY SCH DIST REGD N/C BHAC-CR 5.25000000                                 | CUSIP: 2511294G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20000.00     | 0.00%             | 2025-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST H 2.1% 05/15/31 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E AMT 2.10000000                               | CUSIP: 20775HBS1<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    400000 | PA      | $334809.20    | 0.02%             | 2031-05-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG F V/R 06/15/54 | NEW YORK ST HSG FIN AGY ST PER REGD V/R B/E 3.35000000                               | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4944736.00   | 0.34%             | 2054-06-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY T 5% 05/01/42 | NEW YORK NY CITY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JNH7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3965000 | PA      | $4203303.24   | 0.29%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CLACKAM ZCP 06/15/36 | MULTNOMAH CLACKAMAS CNTYS OR S REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625482GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6135000 | PA      | $3720623.51   | 0.25%             | 2036-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINA 5% 12/01/37 | SALT VERDE AZ FINANCIAL CORP S REGD N/C OID B/E 5.00000000                           | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |  17425000 | PA      | $18110569.20  | 1.23%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/35 | MULTNOMAH CNTY OR SCH DIST #7 REGD ZCP OID B/E SCH BD 0.00000000                     | CUSIP: 625574KW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $7474201.20   | 0.51%             | 2035-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RIO HONDO CA CMNT ZCP 08/01/43 | RIO HONDO CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                              | CUSIP: 767121ES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $5484941.80   | 0.37%             | 2043-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ  1.3% 06/01/27 | YAVAPAI CNTY AZ INDL DEV AUTH REGD N/C B/E AMT 1.30000000                            | CUSIP: 98521UAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2806176.60   | 0.19%             | 2027-06-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE T 5.25% 07/01/34 | MET NASHVILLE TN ARPT AUTH ARP REGD B/E AMT 5.25000000                               | CUSIP: 592190QP0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1572918.24   | 0.11%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST HSG  6.5% 03/01/56 | OKLAHOMA ST HSG FIN AGY SF MTG REGD B/E GNMA/FN 6.50000000                           | CUSIP: 67886MT41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5603452.00   | 0.38%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/31 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FH24<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082214.10   | 0.07%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY T 5% 05/01/42 | NEW YORK NY CITY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JMB1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   9750000 | PA      | $10335991.58  | 0.70%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 07/01/29 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG74<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1195853.85   | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIALTO CA UNIF SC ZCP 08/01/42 | RIALTO CA UNIF SCH DIST REGD ZCP OID B/E BAM 0.00000000                              | CUSIP: 762494SM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $641038.97    | 0.04%             | 2042-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV POL V/R 01/01/36 | CLARK CNTY NV POLL CONTROL REV REGD V/R B/E 3.75000000                               | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2523483.48   | 0.17%             | 2036-01-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF  5% 07/01/38 | SAN DIEGO CA UNIF SCH DIST REGD B/E 5.00000000                                       | CUSIP: 797356LW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118535.50   | 0.08%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISC 5% 09/01/37 | SOUTH SAN FRANCISCO CA UNIF SC REGD B/E 5.00000000                                   | CUSIP: 840058WP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1244198.78   | 0.08%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN CA GAS AUTH V/R 07/01/27 | NTHRN CA GAS AUTH #1 GAS PROJ REGD V/R B/E 3.77470000                                | CUSIP: 66483PAH4<br>LEI: 549300TLE6LHZ4MKO832 | Long             | DBT              | MUN               | US        |   5595000 | PA      | $5583802.73   | 0.38%             | 2027-07-01      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/33 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392274W69<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037374.60   | 0.14%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY C V/R 06/01/39 | SACRAMENTO CNTY CA WTR FING AU REGD V/R B/E NATL 3.63870000                          | CUSIP: 78615RCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6375000 | PA      | $5793137.18   | 0.39%             | 2039-06-01      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 08/01/34 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389U89<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5813198.05   | 0.40%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/36 | OREGON COAST OR CMNTY CLG DIST REGD OID B/E SCH BD 0.00000000                        | CUSIP: 68583NCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $609820.51    | 0.04%             | 2036-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/33 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FH57<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100883.10   | 0.08%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT O 5.75% 01/01/53 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 5.75000000                           | CUSIP: 882750SX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3365454.04   | 0.23%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/29 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG66<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1245522.21   | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMB 5% 07/15/40 | DISTRICT OF COLUMBIA HOSP REVE REGD B/E 5.00000000                                   | CUSIP: 254764KC6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5665000 | PA      | $5677610.86   | 0.39%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 6% 05/01/54 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E GNMA/FN 6.00000000                             | CUSIP: 83756C2W4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   5290000 | PA      | $5591393.52   | 0.38%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/52 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MKB6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2746427.42   | 0.19%             | 2052-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG 3.6% 01/01/49 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 3.60000000                           | CUSIP: 60416QHJ6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    487139 | PA      | $444955.93    | 0.03%             | 2049-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH 5% 11/15/37 | MET TRANSPRTN AUTH NY REVENUE REGD B/E 5.00000000                                    | CUSIP: 59261AFS1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5048327.00   | 0.34%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY AR HO 5% 03/01/41 | PULASKI CNTY AR HOSP REVENUE REGD B/E 5.00000000                                     | CUSIP: 745392KG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045583.10   | 0.07%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT 5.25% 07/01/41 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT AGM 5.25000000                              | CUSIP: 442349GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5280950.50   | 0.36%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/36 | MIAMI-DADE CNTY FL AVIATION RE REGD B/E AMT 5.00000000                               | CUSIP: 59333P7N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13310000 | PA      | $13986785.55  | 0.95%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL AR 5% 10/01/31 | BROWARD CNTY FL ARPT SYS REVEN REGD B/E AMT 5.00000000                               | CUSIP: 114894YG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3173747.65   | 0.22%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA JT U ZCP 08/01/33 | ROSEVILLE CA JT UNION HIGH SCH REGD ZCP OID B/E 0.00000000                           | CUSIP: 777849SW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $743702.77    | 0.05%             | 2033-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 10/15/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XCE0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1383110.12   | 0.09%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL VLY CA ENE V/R 12/01/55 | CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000                               | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5280046.00   | 0.36%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH  V/R 05/15/61 | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 4.17000000                               | CUSIP: 19648FVM3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9934611.00   | 0.68%             | 2061-05-15      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH ZCP 01/01/36 | N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AGC 0.00000000                        | CUSIP: 66285WCB0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   5115000 | PA      | $3319664.67   | 0.23%             | 2036-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST 5% 03/15/42     | CONNECTICUT ST REGD B/E 5.00000000                                                   | CUSIP: 20772KB24<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1389958.31   | 0.09%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY  5% 10/01/39 | HILLSBOROUGH CNTY FL AVIATION REGD B/E AMT 5.00000000                                | CUSIP: 432308W34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5567864.21   | 0.38%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH ZCP 01/01/35 | N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AGC 0.00000000                        | CUSIP: 66285WCA2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1359636.00   | 0.09%             | 2035-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY AR HO 5% 03/01/40 | PULASKI CNTY AR HOSP REVENUE REGD B/E 5.00000000                                     | CUSIP: 745392KF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052954.10   | 0.07%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/31 | MULTNOMAH CNTY OR SCH DIST #7 REGD ZCP OID B/E SCH BD 0.00000000                     | CUSIP: 625574KS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $765688.50    | 0.05%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.25% 11/15/36 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.25000000                               | CUSIP: 249182UX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $852084.60    | 0.06%             | 2036-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ F 5.25% 12/01/28 | SALT VERDE AZ FINANCIAL CORP S REGD N/C B/E 5.25000000                               | CUSIP: 79575EAP3<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3966855.72   | 0.27%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST H 5.5% 11/15/52 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 5.50000000                           | CUSIP: 20775HXT5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   4935000 | PA      | $5113758.04   | 0.35%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST 4.25% 01/01/49 | NORTH DAKOTA ST HSG FIN AGY REGD B/E 4.25000000                                      | CUSIP: 658909SW7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    610000 | PA      | $611777.17    | 0.04%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT 5.25% 07/01/48 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT AGM 5.25000000                              | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8300000 | PA      | $8523661.76   | 0.58%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/39 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440DS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $3021150.00   | 0.21%             | 2039-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH F 5% 11/15/39 | COLORADO ST HLTH FACS AUTH REV REGD B/E 5.00000000                                   | CUSIP: 19648FSD7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2971478.60   | 0.20%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY 5% 11/15/37 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.00000000                               | CUSIP: 249182QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1881171.73   | 0.13%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 2.93% 03/01/47 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 2.93000000                           | CUSIP: 60416QGQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    569260 | PA      | $485646.10    | 0.03%             | 2047-03-01      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST 5% 03/15/43     | CONNECTICUT ST REGD B/E 5.00000000                                                   | CUSIP: 20772KB32<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1700322.08   | 0.12%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATUR V/R 04/01/54 | MAIN STREET NATURAL GAS INC GA REGD V/R B/E 5.00000000                               | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7876551.75   | 0.54%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH 5% 11/15/32 | MET TRANSPRTN AUTH NY REVENUE REGD B/E 5.00000000                                    | CUSIP: 59259Y6Q7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5705000 | PA      | $5725218.52   | 0.39%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST 5% 05/01/36       | WISCONSIN ST REGD B/E 5.00000000                                                     | CUSIP: 97705MK87<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1860390.18   | 0.13%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRI ZCP 11/15/35 | TRIBOROUGH NY BRIDGE & TUNNEL REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 89602HES2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $756256.72    | 0.05%             | 2035-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/37 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440DQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3530000 | PA      | $2012643.97   | 0.14%             | 2037-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY  5.25% 01/01/36 | ALLEGHENY CNTY PA ARPT AUTH AR REGD B/E AMT AGM 5.25000000                           | CUSIP: 01728LGV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071110.60   | 0.07%             | 2036-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRAN 5% 06/15/43 | NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.00000000                                    | CUSIP: 64613CGE2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2462583.11   | 0.17%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/36 | ANTELOPE VLY CA CMNTY CLG DIST REGD N/C B/E 5.00000000                               | CUSIP: 03667PLG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077569.70   | 0.07%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY AR HO 5% 03/01/42 | PULASKI CNTY AR HOSP REVENUE REGD B/E 5.00000000                                     | CUSIP: 745392KH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041223.50   | 0.07%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 4% 03/01/50 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 4.00000000                           | CUSIP: 88275FRD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1309630.45   | 0.09%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YORK CNTY VA ECON V/R 05/01/33 | YORK CNTY VA ECON DEV AUTH POL REGD V/R B/E 3.65000000                               | CUSIP: 98659AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3720408.09   | 0.25%             | 2033-05-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/34 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 646136WR8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $1544972.59   | 0.11%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 07/01/55 | NORTH CAROLINA HSG FIN AGY HOM REGD B/E GNMA/FN 6.25000000                           | CUSIP: 65820BBA3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8709787.20   | 0.59%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA C ZCP 08/01/38 | ANTELOPE VLY CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                           | CUSIP: 03667PJM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $547854.30    | 0.04%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/39 | ANTELOPE VLY CA CMNTY CLG DIST REGD B/E 5.00000000                                   | CUSIP: 03667PLK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586475.15   | 0.11%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM PO 1.8% 04/01/29 | FARMINGTON NM POLL CONTROL REV REGD N/C B/E 1.80000000                               | CUSIP: 311450FZ8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   8600000 | PA      | $7671023.70   | 0.52%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST  6% 01/01/54 | SOUTH CAROLINA ST HSG FIN & DE REGD B/E 6.00000000                                   | CUSIP: 83712D4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6830000 | PA      | $7380936.49   | 0.50%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 01/15/39 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHA3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1090034.19   | 0.07%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN A V/R 04/15/47 | MICHIGAN ST FIN AUTH REVENUE REGD V/R B/E 4.37000000                                 | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15438446.40  | 1.05%             | 2047-04-15      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/37 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429W86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $5155758.00   | 0.35%             | 2037-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX IND V/R 08/01/49 | NORTH EAST TX INDEP SCH DIST REGD V/R B/E PSF-GTD 3.75000000                         | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5020588.50   | 0.34%             | 2049-08-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/35 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1472887.46   | 0.10%             | 2035-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT RE 5% 07/01/38 | ATLANTA GA ARPT REVENUE REGD B/E AMT 5.00000000                                      | CUSIP: 04780ME96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3102339.00   | 0.21%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 01/15/38 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XGZ9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1052489.99   | 0.07%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG 6% 11/15/54 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E 6.00000000                                   | CUSIP: 20775HQ71<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2333625.08   | 0.16%             | 2054-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CN 5% 07/01/35 | HONOLULU CITY & CNTY HI WSTWTR REGD N/C B/E 5.00000000                               | CUSIP: 4387014L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2435882.06   | 0.17%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/32 | MIAMI-DADE CNTY FL AVIATION RE REGD N/C B/E AMT 5.00000000                           | CUSIP: 59333P7J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3266064.38   | 0.22%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 02/15/36 | ILLINOIS ST FIN AUTH REVENUE REGD B/E 5.00000000                                     | CUSIP: 45204EFB9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4689549.28   | 0.32%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT 5% 11/01/30 | LOVE FIELD TX ARPT MODERNIZATI REGD N/C B/E AMT 5.00000000                           | CUSIP: 54714CBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2634781.75   | 0.18%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA WTR REV 5% 11/01/31 | NORFOLK VA WTR REVENUE REGD N/C B/E 5.00000000                                       | CUSIP: 656009PW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3379174.53   | 0.23%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 09/15/32 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358WS54<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1780418.50   | 0.12%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF  5% 07/01/39 | SAN DIEGO CA UNIF SCH DIST REGD B/E 5.00000000                                       | CUSIP: 797356LX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113889.40   | 0.08%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT O 2.15% 07/01/37 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA 2.15000000                              | CUSIP: 882750RQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3860000 | PA      | $2914442.05   | 0.20%             | 2037-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CLACKAM ZCP 06/15/32 | MULTNOMAH CLACKAMAS CNTYS OR S REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625482HN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1070345.17   | 0.07%             | 2032-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LANE & DOUGLAS CNT 0% 06/15/37 | LANE & DOUGLAS CNTYS OR SCH DI REGD OID B/E SCH BD 0.00000000                        | CUSIP: 515160EJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1162716.35   | 0.08%             | 2037-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DE V/R 06/01/34 | MOBILE AL INDL DEV BRD POLL CO REGD V/R B/E 3.92000000                               | CUSIP: 607167DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3603263.40   | 0.25%             | 2034-06-01      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE T 5.25% 07/01/35 | MET NASHVILLE TN ARPT AUTH ARP REGD B/E AMT 5.25000000                               | CUSIP: 592190QQ8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1214096.40   | 0.08%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRI V/R 04/01/26 | TRIBOROUGH NY BRIDGE & TUNNELA REGD V/R B/E 3.97120000                               | CUSIP: 89602HEW3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2750033.55   | 0.19%             | 2026-04-01      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST 5% 03/15/41     | CONNECTICUT ST REGD B/E 5.00000000                                                   | CUSIP: 20772KA90<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3231141.00   | 0.22%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR  V/R 01/01/40 | KING CNTY WA SWR REVENUE REGD V/R B/E 3.85000000                                     | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2980000 | PA      | $2940295.37   | 0.20%             | 2040-01-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA 5% 01/01/45   | DIST OF COLUMBIA REGD B/E 5.00000000                                                 | CUSIP: 25476FA40<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3878335.76   | 0.26%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 09/15/27 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 3.92580000                                | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |  12855000 | PA      | $12896272.26  | 0.88%             | 2027-09-15      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN  V/R 10/01/54 | TENNERGY CORP TN GAS REVENUE REGD V/R B/E 5.00000000                                 | CUSIP: 880397CJ1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3900576.38   | 0.27%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO C 5.25% 05/01/41 | SAN FRANCISCO CALIF CITY &CNTY REGD B/E AMT 5.25000000                               | CUSIP: 79766DWT2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12096177.25  | 0.82%             | 2041-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA C ZCP 08/01/34 | ANTELOPE VLY CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                           | CUSIP: 03667PJH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $694470.40    | 0.05%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/53 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E FNMA/GN 6.25000000                           | CUSIP: 45203MSE2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4625000 | PA      | $5074172.60   | 0.35%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY 3.5% 12/01/34 | WYOMING ST CMNTY DEV AUTH HSG REGD B/E 3.50000000                                    | CUSIP: 98322QHU4<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2134399.52   | 0.15%             | 2034-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRI ZCP 11/15/36 | TRIBOROUGH NY BRIDGE & TUNNEL REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 89602HET0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $3998588.10   | 0.27%             | 2036-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 4% 08/15/36 | ILLINOIS ST FIN AUTH REVENUE REGD B/E 4.00000000                                     | CUSIP: 45204FBA2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3324491.80   | 0.23%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY  V/R 02/01/52 | CALIFORNIA CMNTY CHOICE FING A REGD V/R B/E 4.07000000                               | CUSIP: 13013JAR7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  17175000 | PA      | $16348908.26  | 1.11%             | 2052-02-01      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SY 5% 07/01/36 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT AGM 5.00000000                              | CUSIP: 442349GM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3530830.18   | 0.24%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/32 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392275AY9<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $2038431.74   | 0.14%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST  4.5% 11/01/48 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 4.50000000                                     | CUSIP: 83756CWQ4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1077048.09   | 0.07%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/38 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHY1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1823879.58   | 0.12%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND O 5% 07/01/36 | PORT OF PORTLAND OR ARPT REVEN REGD B/E AMT 5.00000000                               | CUSIP: 735240M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016932.20   | 0.14%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SC 5% 09/01/29 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.00000000                                  | CUSIP: 717883TE2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5115262.00   | 0.35%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST 5% 08/01/28          | ALASKA ST REGD N/C B/E 5.00000000                                                    | CUSIP: 0117706D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1270636.44   | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/39 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583KP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $984409.56    | 0.07%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF  5% 12/01/52 | MONTANA ST BRD OF HSG SF MTGE REGD B/E 5.00000000                                    | CUSIP: 61212WRS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1421328.13   | 0.10%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG 5.75% 05/01/53 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 5.75000000                           | CUSIP: 60637B2T6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   9290000 | PA      | $9759049.31   | 0.67%             | 2053-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/33 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E AGM 0.00000000                    | CUSIP: 646136EW7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3535000 | PA      | $2523094.94   | 0.17%             | 2033-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG 5.75% 05/01/56 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 5.75000000                           | CUSIP: 60637GJK6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5375825.00   | 0.37%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 08/01/35 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389U97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1489280.28   | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 5.35% 07/01/36 | MINNESOTA ST HSG FIN AGY REGD B/E AMT GNMA/FN 5.35000000                             | CUSIP: 60416TXU7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1002328.91   | 0.07%             | 2036-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/55 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MB83<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $4297480.06   | 0.29%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SY 5% 07/01/42 | HAWAII ST ARPTS SYS REVENUE REGD B/E AMT 5.00000000                                  | CUSIP: 419794L26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4635238.50   | 0.32%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/33 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440EV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $975718.24    | 0.07%             | 2033-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 3.15% 06/01/49 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 3.15000000                           | CUSIP: 60416QHN7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    557546 | PA      | $485316.42    | 0.03%             | 2049-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA  5.25% 05/15/45 | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.25000000                               | CUSIP: 5444453A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2591329.75   | 0.18%             | 2045-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHU9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2979570.16   | 0.20%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 05/27/25         | UNITED STATES TREASURY BILL ZCP 0.00000000                                           | CUSIP: 912797PK7<br>LEI: N/A                  | Long             | STIV             | UST               | US        |  73175000 | PA      | $72951478.09  | 4.97%             | 2025-05-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH W V/R 10/01/46 | PUBLIC FIN AUTH WI POLL CONTRO REGD V/R B/E 3.70000000                               | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6035000 | PA      | $5972522.66   | 0.41%             | 2046-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| LANE & DOUGLAS CNT 0% 06/15/39 | LANE & DOUGLAS CNTYS OR SCH DI REGD OID B/E SCH BD 0.00000000                        | CUSIP: 515160EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2312529.16   | 0.16%             | 2039-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN 6.25% 03/01/55 | OHIO ST HSG FIN AGY RSDL MTGE REGD B/E GNMA/FN 6.25000000                            | CUSIP: 67756Q8B6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   6485000 | PA      | $7044726.84   | 0.48%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV  4% 01/01/43 | TENNESSEE HSG DEV AGY RSDL FIN REGD B/E 4.00000000                                   | CUSIP: 880461TK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $775124.23    | 0.05%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST 4.25% 07/01/49 | NORTH DAKOTA ST HSG FIN AGY REGD B/E 4.25000000                                      | CUSIP: 658909TX4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2016801.84   | 0.14%             | 2049-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC H ZCP 09/01/37 | E-470 CO PUBLIC HIGHWAY AUTH REGD ZCP OID B/E NATL 0.00000000                        | CUSIP: 26822LGT5<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2714431.00   | 0.19%             | 2037-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA WTR REV 5% 11/01/30 | NORFOLK VA WTR REVENUE REGD N/C B/E 5.00000000                                       | CUSIP: 656009PV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3385531.02   | 0.23%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/38 | OREGON COAST OR CMNTY CLG DIST REGD OID B/E SCH BD 0.00000000                        | CUSIP: 68583NCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $547785.80    | 0.04%             | 2038-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUT 5% 11/01/43 | INDIANA ST FIN AUTH HOSP REVEN REGD B/E 5.00000000                                   | CUSIP: 45471ARL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039924.00   | 0.21%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP S ZCP 02/01/32 | DULUTH MN INDEP SCH DIST #709 REGD ZCP OID B/E SD CRED 0.00000000                    | CUSIP: 264471LM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $756582.23    | 0.05%             | 2032-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/36 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392274W93<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   6630000 | PA      | $6714542.45   | 0.46%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST  3.5% 11/01/46 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 3.50000000                                     | CUSIP: 83756CPQ2<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    955000 | PA      | $952992.97    | 0.06%             | 2046-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST  4.25% 05/15/42 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 4.25000000                           | CUSIP: 20775CN34<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1189187.55   | 0.08%             | 2042-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA WTR REV 5% 11/01/32 | NORFOLK VA WTR REVENUE REGD N/C B/E 5.00000000                                       | CUSIP: 656009PX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3609103.02   | 0.25%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2024-ML23  V/R 04/25/42  | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML23 CL AUS V/R 144A P/P 4.69982500 | CUSIP: 3137HDJL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2994533 | PA      | $3000730.32   | 0.20%             | 2042-04-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST T 5.25% 06/15/41 | NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.25000000                                    | CUSIP: 64613CEV6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12860352.00  | 0.88%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDE V/R 08/01/55 | FORT BEND TX INDEP SCH DIST REGD V/R B/E PSF-GTD 0.00000000                          | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5020405.00   | 0.34%             | 2055-08-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY  5.25% 01/01/37 | ALLEGHENY CNTY PA ARPT AUTH AR REGD B/E AMT AGM 5.25000000                           | CUSIP: 01728LGW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064872.80   | 0.07%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC H ZCP 09/01/35 | E-470 CO PUBLIC HIGHWAY AUTH REGD ZCP OID B/E NATL 0.00000000                        | CUSIP: 26822LGS7<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $2228479.29   | 0.15%             | 2035-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA C ZCP 08/01/36 | ANTELOPE VLY CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                           | CUSIP: 03667PJK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $617910.90    | 0.04%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR ZCP 06/15/34 | CLACKAMAS CNTY OR SCH DIST #12 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 179093HJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2181702.90   | 0.15%             | 2034-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/37 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHX3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1199927.37   | 0.08%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/26 | MULTNOMAH CNTY OR SCH DIST #40 REGD N/C ZCP OID B/E SCH BD 0.00000000                | CUSIP: 625693GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2487100.62   | 0.17%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED  V/R 10/25/40 | FHLMC STRUCTURED PASS THROUGH REGD N/C V/R B/E 4.26808000                            | CUSIP: 3137HCXR8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4818331 | PA      | $4939901.93   | 0.34%             | 2040-10-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 2.47% 01/01/50 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 2.47000000                           | CUSIP: 60416QHT4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2767283 | PA      | $2165407.27   | 0.15%             | 2050-01-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE 4% 01/01/49 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 4.00000000                              | CUSIP: 647201BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $619947.80    | 0.04%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUT V/R 11/15/45 | MET TRANSPRTN AUTH NY REVENUE REGD V/R B/E 5.00000000                                | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   8225000 | PA      | $8616707.40   | 0.59%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/36 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 3922742A3<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5166814.99   | 0.35%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY PA GE V/R 10/01/34 | BUTLER CNTY PA GEN AUTH REVENU REGD V/R B/E AGM 3.75470000                           | CUSIP: 123574AG0<br>LEI: 549300TSJ3NDU9FG0667 | Long             | DBT              | MUN               | US        |   5865000 | PA      | $5626774.26   | 0.38%             | 2034-10-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH 3.5% 01/01/49 | IOWA ST FIN AUTH SF MTGE REVEN REGD B/E GNMA/FN 3.50000000                           | CUSIP: 462467YJ4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    680000 | PA      | $670398.13    | 0.05%             | 2049-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA  5% 01/01/35 | ALLEGHENY CNTY PA ARPT AUTH AR REGD B/E AMT AGM 5.00000000                           | CUSIP: 01728LGU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2094157.89   | 0.14%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH  4% 11/15/43 | WISCONSIN ST HLTH & EDUCTNL FA REGD B/E 4.00000000                                   | CUSIP: 97712DV78<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  10225000 | PA      | $9243792.64   | 0.63%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG  6.25% 01/01/55 | FLORIDA ST HSG FIN CORP REVENU REGD B/E GNMA/FN 6.25000000                           | CUSIP: 34074M7G0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3808856.10   | 0.26%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND O 5% 07/01/41 | PORT OF PORTLAND OR ARPT REVEN REGD B/E AMT 5.00000000                               | CUSIP: 7352405A7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5135000 | PA      | $5251471.56   | 0.36%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY T 5% 05/01/44 | NEW YORK NY CITY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JMD7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2626501.02   | 0.18%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.25% 11/15/34 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.25000000                               | CUSIP: 249182UV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3577482.60   | 0.24%             | 2034-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/37 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $750164.45    | 0.05%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/33 | OREGON COAST OR CMNTY CLG DIST REGD N/C OID B/E SCH BD 0.00000000                    | CUSIP: 68583NCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324082.23    | 0.02%             | 2033-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| S MIAMI FL HLTH FA 5% 08/15/42 | S MIAMI FL HLTH FACS AUTH REGD B/E 5.00000000                                        | CUSIP: 838810ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17750000 | PA      | $17862598.90  | 1.22%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 07/01/30 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG90<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075521.00   | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE CNTY WI  5% 12/01/31 | MILWAUKEE CNTY WI ARPT REVENUE REGD B/E AMT 5.00000000                               | CUSIP: 602248KT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2083413.96   | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DE 6.25% 10/01/55 | ARIZONA INDL DEV AUTH HOSP REV REGD B/E GNMA/FN 6.25000000                           | CUSIP: 04052JDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2958935.94   | 0.20%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY T 5% 11/01/28 | NEW YORK NY CITY TRANSITIONAL REGD N/C B/E 5.00000000                                | CUSIP: 64972JPV4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129101.60   | 0.15%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/34 | MULTNOMAH CNTY OR SCH DIST #40 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625693HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1044628.25   | 0.07%             | 2034-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 04/01/39 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389H92<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3437696.66   | 0.23%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 01/01/56 | NORTH CAROLINA HSG FIN AGY HOM REGD B/E GNMA/FN 6.25000000                           | CUSIP: 65820BBF2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7188844.00   | 0.49%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LAKE TAHOE CA UNIF 0% 08/01/45 | LAKE TAHOE CA UNIF SCH DIST REGD N/C OID B/Q B/E AGM 0.00000000                      | CUSIP: 511012LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6150000 | PA      | $4989468.56   | 0.34%             | 2045-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/41 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563968.10   | 0.11%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 02/01/44 | NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64971X7E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8325645.60   | 0.57%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA S 5.5% 01/01/54 | NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 5.50000000                            | CUSIP: 658207X42<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   5685000 | PA      | $6014234.27   | 0.41%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUT 6.25% 07/01/53 | IOWA ST FIN AUTH SF MTGE REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 4624677K1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   4795000 | PA      | $5176773.11   | 0.35%             | 2053-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBL V/R 02/15/36 | LOUISIANA ST PUBLIC FACS AUTH REGD V/R B/E NATL 3.77170000                           | CUSIP: 546398ST6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4840000 | PA      | $4682574.64   | 0.32%             | 2036-02-15      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 11/01/32 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358W3R3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1790536.68   | 0.12%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT  2.835% 09/01/47 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA\FN 2.83500000                           | CUSIP: 88275FNY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8156544 | PA      | $6906032.77   | 0.47%             | 2047-09-01      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DE V/R 07/01/48 | LOS ANGELES CA DEPT OF WTR & P REGD V/R B/E 3.85000000                               | CUSIP: 544532HU1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15000000.00  | 1.02%             | 2048-07-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/38 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583KN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $706471.83    | 0.05%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN V/R 11/25/42 | FEDERAL HOME LOAN MTGE CORP MF REGD N/C V/R B/E 4.09500000                           | CUSIP: 31350ADR6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4993931 | PA      | $4898658.78   | 0.33%             | 2042-11-25      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SY 5% 07/01/31 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 5.00000000                                  | CUSIP: 442349DT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2094913.60   | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TU 0% 12/01/37 | PENNSYLVANIA ST TURNPIKE COMMI REGD OID B/E 0.00000000                               | CUSIP: 709224AX7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   7875000 | PA      | $7437794.18   | 0.51%             | 2037-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA CMNT 0% 08/01/49 | LONG BEACH CA CMNTY CLG DIST REGD OID B/E 0.00000000                                 | CUSIP: 542411GJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $3572741.15   | 0.24%             | 2049-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST HSG FI 6% 03/01/54 | OKLAHOMA ST HSG FIN AGY SF MTG REGD B/E GNMA/FN 6.00000000                           | CUSIP: 67886MA25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2845000 | PA      | $3081094.03   | 0.21%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA  5.25% 05/15/42 | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.25000000                               | CUSIP: 5444452X6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15844134.00  | 1.08%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY T 5% 11/01/29 | NEW YORK NY CITY TRANSITIONAL REGD N/C B/E 5.00000000                                | CUSIP: 64972JPW2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5394384.50   | 0.37%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST  2.05% 11/15/30 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E AMT 2.05000000                               | CUSIP: 20775HBR3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    450000 | PA      | $396995.27    | 0.03%             | 2030-11-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 12/15/26 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 3.75580000                                | CUSIP: 88256CAW9<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   6260000 | PA      | $6250471.65   | 0.43%             | 2026-12-15      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 01/01/55 | NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                            | CUSIP: 6582077Q2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   4995000 | PA      | $5501916.08   | 0.38%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/43 | MULTNOMAH CNTY OR SCH DIST #40 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625693JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21000000 | PA      | $8524414.50   | 0.58%             | 2043-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 09/15/27 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 4.17000000                                | CUSIP: 88255QAE9<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2258295.13   | 0.15%             | 2027-09-15      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG 4.75% 11/01/52 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 4.75000000                           | CUSIP: 60637BV31<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2508751.53   | 0.17%             | 2052-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG 6.5% 07/01/54 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.50000000                                 | CUSIP: 60416UBB0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   4985000 | PA      | $5438345.37   | 0.37%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH V/R 04/01/35 | WISCONSIN ST HLTH & EDUCTNL FA REGD V/R B/E 2.75000000                               | CUSIP: 97712D8U3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  13700000 | PA      | $13700000.00  | 0.93%             | 2035-04-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 4% 01/01/39 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 4.00000000                           | CUSIP: 882750XT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4008871.76   | 0.27%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CN 5% 07/01/34 | HONOLULU CITY & CNTY HI WSTWTR REGD N/C B/E 5.00000000                               | CUSIP: 4387014K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1693556.55   | 0.12%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 4% 11/01/49 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 4.00000000                                     | CUSIP: 83756CZA6<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1851893.85   | 0.13%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM A 5% 03/15/42 | NEW YORK ST DORM AUTH ST PERSO REGD B/E 5.00000000                                   | CUSIP: 64990F6M1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2225094.68   | 0.15%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY C V/R 06/01/34 | SACRAMENTO CNTY CA WTR FING AU REGD V/R B/E NATL 3.61870000                          | CUSIP: 78615RCU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1364727.86   | 0.09%             | 2034-06-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM A 4% 07/01/38 | NEW YORK ST DORM AUTH REVENUES REGD OID B/E 4.00000000                               | CUSIP: 65000BF52<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2535208.04   | 0.17%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 12/01/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XKB7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $4160613.41   | 0.28%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 09/15/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358WS70<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5067539.50   | 0.35%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDINA VLY TX IND V/R 02/15/51 | MEDINA VLY TX INDEP SCH DIST REGD V/R B/E PSF-GTD 0.82000000                         | CUSIP: 584887SX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4144638.35   | 0.28%             | 2051-02-15      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WT V/R 03/01/36 | WASHOE CNTY NV WTR FAC REVENUE REGD V/R B/E AMT 4.12500000                           | CUSIP: 940865BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4516767.45   | 0.31%             | 2036-03-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| MOUNT SAN ANTONIO  0% 08/01/43 | MOUNT SAN ANTONIO CA CMNTY CLG REGD OID B/E 0.00000000                               | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7240000 | PA      | $6970745.85   | 0.48%             | 2043-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 01/01/55 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 5.00000000                                | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12474415.20  | 0.85%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH ZCP 01/01/38 | N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AGC 0.00000000                        | CUSIP: 66285WCD6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  10440000 | PA      | $6127278.80   | 0.42%             | 2038-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS 5% 11/15/36 | AUSTIN TX ARPT SYS REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 052398HM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1874790.18   | 0.13%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP S ZCP 02/01/31 | DULUTH MN INDEP SCH DIST #709 REGD ZCP OID B/E SD CRED 0.00000000                    | CUSIP: 264471LL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $988839.54    | 0.07%             | 2031-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/34 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429T31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2214982.82   | 0.15%             | 2034-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/37 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647LV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2167446.11   | 0.15%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/38 | MULTNOMAH CNTY OR SCH DIST #40 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625693JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1229923.13   | 0.08%             | 2038-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH  4% 11/15/43 | WISCONSIN ST HLTH & EDUCTNL FA REGD B/E 4.00000000                                   | CUSIP: 97712JMB6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   6215000 | PA      | $5618598.66   | 0.38%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY  V/R 10/01/55 | SOUTHEAST ENERGY AUTH COOPERAT REGD V/R B/E 5.00000000                               | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10485760.00  | 0.71%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CN 5% 07/01/38 | HONOLULU CITY & CNTY HI WSTWTR REGD B/E 5.00000000                                   | CUSIP: 4387014P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3756927.24   | 0.26%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CA JT UNI ZCP 08/01/39 | CHAFFEY CA JT UNION HIGH SCH D REGD ZCP OID B/E 0.00000000                           | CUSIP: 157411VU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $539421.40    | 0.04%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/44 | WASHINGTON CNTY OR SCH DIST #1 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938350FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4385000 | PA      | $1646324.13   | 0.11%             | 2044-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG 6.5% 01/01/55 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.50000000                                 | CUSIP: 60416UFQ3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3876338.94   | 0.26%             | 2055-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/40 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440FC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $2264438.40   | 0.15%             | 2040-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/40 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647MY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1285193.88   | 0.09%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TX CO V/R 02/15/35 | GOOSE CREEK TX CONSOL INDEP SC REGD V/R B/E PSF-GTD 0.60000000                       | CUSIP: 3826043G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1689697.80   | 0.12%             | 2035-02-15      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE CNTY WI  5% 12/01/30 | MILWAUKEE CNTY WI ARPT REVENUE REGD B/E AMT 5.00000000                               | CUSIP: 602248KS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4073471.87   | 0.28%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2024-ML26  V/R 12/25/38  | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML26 CL A V/R 3.26052500            | CUSIP: 3137HH6N6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6971806 | PA      | $6030604.73   | 0.41%             | 2038-12-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/35 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358W5L4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1558166.40   | 0.11%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDE V/R 08/01/54 | FORT BEND TX INDEP SCH DIST REGD V/R B/E PSF-GTD 4.00000000                          | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3920081.36   | 0.27%             | 2054-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG F V/R 11/01/50 | NEW YORK ST HSG FIN AGY AFFORD REGD V/R B/E FNMA CO 3.95000000                       | CUSIP: 64987JY96<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7393543.50   | 0.50%             | 2050-11-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL V/R 10/01/40 | WISE CNTY VA INDL DEV AUTH SOL REGD V/R B/E 0.75000000                               | CUSIP: 977228AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8569696.62   | 0.58%             | 2040-10-01      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/33 | ANTELOPE VLY CA CMNTY CLG DIST REGD N/C B/E 5.00000000                               | CUSIP: 03667PLD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1201792.03   | 0.08%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 6% 03/01/54 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 6.00000000                           | CUSIP: 88275FYZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3795000 | PA      | $4115498.76   | 0.28%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CA UNION 0% 09/01/41 | SAN MATEO CA UNION HIGH SCH DI REGD OID B/E 0.00000000                               | CUSIP: 799017GU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3510000 | PA      | $3583217.90   | 0.24%             | 2041-09-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST TURNPIKE  ZCP 02/15/38 | OHIO ST TURNPIKE COMMISSION REGD N/C ZCP OID B/E 0.00000000                          | CUSIP: 67760HKH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $951625.92    | 0.06%             | 2038-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH  4% 11/15/43 | PREREF WISCONSIN ST HLTH & EDUCTNL FA REGD B/E PREREFUNDED 05/15/28 @ 100 4.00000000 | CUSIP: 97712JMA8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    735000 | PA      | $749377.48    | 0.05%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARION & POLK CNT ZCP 06/15/35 | MARION & POLK CNTYS OR SCH DIS REGD ZCP OID B/E 0.00000000                           | CUSIP: 569203QA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $675155.06    | 0.05%             | 2035-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA 5% 06/26/25     | LOS ANGELES CA REGD N/C B/E 5.00000000                                               | CUSIP: 544351SE0<br>LEI: 549300E7TO710PTXPJ65 | Long             | STIV             | MUN               | US        |   8000000 | PA      | $8014560.00   | 0.55%             | 2025-06-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.25% 11/15/35 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.25000000                               | CUSIP: 249182UW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171095.40   | 0.15%             | 2035-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY D 4% 12/01/48 | WYOMING ST CMNTY DEV AUTH HSG REGD B/E 4.00000000                                    | CUSIP: 98322QSY4<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1110209.68   | 0.08%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG F 5.5% 01/01/54 | FLORIDA ST HSG FIN CORP REVENU REGD B/E GNMA/FN 5.50000000                           | CUSIP: 34074MD99<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2841819.66   | 0.19%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS & WASHI ZCP 06/15/36 | CLACKAMAS & WASHINGTON CNTYS O REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 178882PZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $1967643.72   | 0.13%             | 2036-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST 5% 08/01/34           | TEXAS ST REGD N/C B/E AMT 5.00000000                                                 | CUSIP: 882724UK1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   6040000 | PA      | $6373323.44   | 0.43%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLI V/R 08/01/52 | KENTUCKY ST PUBLIC ENERGY AUTH REGD V/R B/E 4.12120000                               | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  12560000 | PA      | $12415909.17  | 0.85%             | 2052-08-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY 1.35% 11/01/27 | TRIMBLE CNTY KY POLL CONTROL R REGD N/C B/E AMT 1.35000000                           | CUSIP: 896224BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4657873.50   | 0.32%             | 2027-11-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WT V/R 03/01/36 | WASHOE CNTY NV WTR FAC REVENUE REGD V/R B/E AMT 4.12500000                           | CUSIP: 940865BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6435000 | PA      | $6458977.45   | 0.44%             | 2036-03-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY E V/R 06/01/54 | TRIMBLE CNTY KY ENVRNMNTL FACS REGD V/R B/E AMT 4.70000000                           | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3749057.91   | 0.26%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG F 5% 07/01/53 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 5.00000000                                 | CUSIP: 60416TVY1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2921935.70   | 0.20%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/31 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1171481.10   | 0.08%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/31 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429S81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $2892052.13   | 0.20%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWA 5% 03/15/42 | NEW YORK ST THRUWAY AUTH PERSO REGD B/E 5.00000000                                   | CUSIP: 650028YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4273393.41   | 0.29%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH S 5% 01/01/44 | IOWA ST FIN AUTH SF MTGE REVEN REGD B/E GNMA/FN 5.00000000                           | CUSIP: 46247EBP9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1375462.35   | 0.09%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 04/01/34 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389H43<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5416945.80   | 0.37%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SC 5% 09/01/34 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.00000000                                  | CUSIP: 717883TK8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2545815.25   | 0.17%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANE & DOUGLAS CNT 0% 06/15/40 | LANE & DOUGLAS CNTYS OR SCH DI REGD OID B/E SCH BD 0.00000000                        | CUSIP: 515160EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2712552.54   | 0.18%             | 2040-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/37 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392274X27<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   6360000 | PA      | $6427536.20   | 0.44%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST  6.25% 05/15/54 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 6.25000000                           | CUSIP: 20775HH48<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3581134.73   | 0.24%             | 2054-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST  4% 07/01/47 | NORTH CAROLINA ST HSG FIN AGY REGD B/E 4.00000000                                    | CUSIP: 658207TZ8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    975000 | PA      | $974199.43    | 0.07%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 08/01/36 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XFJ6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1458857.10   | 0.10%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/38 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 3922742C9<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3432110.55   | 0.23%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 6.25% 07/01/54 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                                 | CUSIP: 60416T6P8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   6180000 | PA      | $6657618.83   | 0.45%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT 5% 11/01/34 | LOVE FIELD TX ARPT MODERNIZATI REGD B/E AMT 5.00000000                               | CUSIP: 54714CBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514865.30   | 0.10%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA  5.75% 01/01/54 | SOUTH CAROLINA ST HSG FIN & DE REGD B/E 5.75000000                                   | CUSIP: 83712D2X3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4361035.66   | 0.30%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXAS ST 5% 08/01/40           | TEXAS ST REGD B/E AMT 5.00000000                                                     | CUSIP: 882724Y76<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5745000 | PA      | $5823875.40   | 0.40%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 5% 05/01/53 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 5.00000000                                     | CUSIP: 83756CW27<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   4330000 | PA      | $4436099.29   | 0.30%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/39 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1427983.83   | 0.10%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT O 2.15% 09/01/35 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA 2.15000000                              | CUSIP: 88275FSC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $409344.57    | 0.03%             | 2035-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/34 | MIAMI-DADE CNTY FL AVIATION RE REGD N/C B/E AMT 5.00000000                           | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2242606.17   | 0.15%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST M 5.75% 03/01/55 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 5.75000000                              | CUSIP: 647201C91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3112718.25   | 0.21%             | 2055-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST 5.75% 07/01/53 | NORTH DAKOTA ST HSG FIN AGY REGD B/E 5.75000000                                      | CUSIP: 658909X68<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $6021801.77   | 0.41%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/33 | MIAMI-DADE CNTY FL AVIATION RE REGD N/C B/E AMT 5.00000000                           | CUSIP: 59333P7K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7290000 | PA      | $7764852.38   | 0.53%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 06/05/25         | UNITED STATES TREASURY BILL ZCP 0.00000000                                           | CUSIP: 912797NP8<br>LEI: N/A                  | Long             | STIV             | UST               | US        |  10000000 | PA      | $9958879.86   | 0.68%             | 2025-06-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS S 3.45% 12/01/36 | MASSACHUSETTS ST HSG FIN AGY H REGD B/E AMT 3.45000000                               | CUSIP: 57587AR26<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    485000 | PA      | $449171.30    | 0.03%             | 2036-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA WTR REV 5% 11/01/38 | NORFOLK VA WTR REVENUE REGD B/E 5.00000000                                           | CUSIP: 656009QD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085849.60   | 0.07%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA WTR REV 5% 11/01/33 | NORFOLK VA WTR REVENUE REGD N/C B/E 5.00000000                                       | CUSIP: 656009PY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3486401.95   | 0.24%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST H 3% 06/01/51 | MASSACHUSETTS ST HSG FIN AGY H REGD B/E GNMA/FN 3.00000000                           | CUSIP: 57587GJG1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3040826.61   | 0.21%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDE V/R 08/01/51 | FORT BEND TX INDEP SCH DIST REGD V/R B/E PSF-GTD 0.72000000                          | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3407861.04   | 0.23%             | 2051-08-01      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 6.25% 01/01/55 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                                 | CUSIP: 60416UGU3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   5120000 | PA      | $5655731.20   | 0.39%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** BBH Trust

**Signature:** Charles Schreiber

**Name of Signer:** Charles Schreiber

**Title:** Treasurer