# EDGAR Filing Document

**Accession Number:** 0000771951
**File Stem:** 0002071691-25-009351
**Filing Date:** 2025-12
**Character Count:** 432135
**Document Hash:** 76978930b5f630ab65463521a7b26bf4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009351.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009351

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST
- **CENTRAL INDEX KEY:** 0000771951

**ORGANIZATION NAME:**
- **EIN:** 046483374
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04345
- **FILM NUMBER:** 251595253

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST /MA/
- **DATE OF NAME CHANGE:** 19920902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST
- **DATE OF NAME CHANGE:** 19920101

## Series and Classes Contracts Data

### Putnam Strategic Intermediate Municipal Fund (Series ID: S000003860)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010817 | Class C Shares  |  |
| C000010819 | Class A Shares  | PPNAX           |
| C000060535 | CLASS Y         |  |
| C000202840 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Tax Free Income Trust

- **b. Investment Company Act file number:** 811-04345

- **c. CIK number of Registrant:** 0000771951

- **d. LEI of Registrant:** 54930021N9BODYLQGR89

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

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

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

- **a. Name of Series:** Putnam Strategic Intermediate Municipal Fund

- **b. EDGAR series identifier (if any):** S000003860

- **c. LEI of Series:** Y2I12W6B1UC892MB6S50

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2440324505.89

**Total Liabilities:** $63733238.34

**Net Assets:** $2376591267.55

**Delayed Delivery Securities:** $11139871.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -176.39000000 | **1-Year:** -5458.62000000 | **5-Year:** -46202.55000000 | **10-Year:** -670387.90000000 | **30-Year:** -535797.03000000

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

- **3-Month:** -152.82000000 | **1-Year:** -4258.71000000 | **5-Year:** -31150.58000000 | **10-Year:** -83667.35000000 | **30-Year:** -4787.03000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010817 | 0.76%                | 1.88%                | 1.10%                |
| Class ID C000202840 | 0.85%                | 1.97%                | 1.20%                |
| Class ID C000060535 | 0.85%                | 1.96%                | 1.12%                |
| Class ID C000010819 | 0.82%                | 1.95%                | 1.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1128035.02             | $11252050.96                               |
| Month 2  | $-632071.70              | $36755199.48                               |
| Month 3  | $311690.73               | $18334631.44                               |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond Total Return Index

- **Index Identifier:** BM10933

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2024-ML25, Class ACA                          | CUSIP: 3137HH6G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   4352818 | PA      | $4125570.01   | 0.17%             | 2038-11-25      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                   | California Community Housing Agency, Series 2021 A-1                                                   | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $209457.30    | 0.01%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority, Series 2018 A                                              | CUSIP: 592647FJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3123651.60   | 0.13%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                                | Arkansas Development Finance Authority, Series 2024                                                    | CUSIP: 04109FCL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1570843.03   | 0.07%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2016 Q                                                | CUSIP: 57584XHY0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024722.80   | 0.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2024 A-1                                                    | CUSIP: 140427CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037875.50   | 0.04%             | 2039-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2024 D                                                                        | CUSIP: 64966SCP9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084844.30   | 0.05%             | 2049-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue               | New York City Transitional Finance Authority, Series 2019 A-4                                          | CUSIP: 64971XFY9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.17%             | 2045-08-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp.                                            | Monroe County Industrial Development Corp., Series 2023 A                                              | CUSIP: 610758AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5198161.00   | 0.22%             | 2044-01-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024                                                                  | CUSIP: 744396KE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $734209.98    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                                | Detroit Downtown Development Authority, Series 2024                                                    | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |  13440000 | PA      | $14002871.23  | 0.59%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                      | Alaska Industrial Development & Export Authority, Series 2019 A                                        | CUSIP: 011903GH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4725000 | PA      | $4675068.56   | 0.20%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2025 B                                                               | CUSIP: 45506ENG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003314.60   | 0.04%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                               | Dayton-Montgomery County Port Authority, Series 2024                                                   | CUSIP: 23981MBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507333.50    | 0.02%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach, Series 2019 A                                                                    | CUSIP: 696547GH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $381171.49    | 0.02%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red Oak Independent School District                                                   | Red Oak Independent School District, Series 2023                                                       | CUSIP: 756843H50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2894334.95   | 0.12%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hillsborough FL Utility Revenue                                             | County of Hillsborough, Series 2016                                                                    | CUSIP: 432347MQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3367643.60   | 0.14%             | 2039-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2024                                             | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502342.10    | 0.02%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                 | CUSIP: 924166JP7<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    500000 | PA      | $490481.45    | 0.02%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 A                                                                       | CUSIP: 364568JY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1354012.13   | 0.06%             | 2037-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                  | Guam Government Waterworks Authority, Series 2024 A                                                    | CUSIP: 40065FDL5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    750000 | PA      | $758574.08    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                        | CUSIP: 65000BT40<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    870000 | PA      | $907550.16    | 0.04%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                  | CUSIP: 57585BDG0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1186051.35   | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2022 A                                                       | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5550000 | PA      | $5390290.43   | 0.23%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                | Iowa Finance Authority, Series 2023 B                                                                  | CUSIP: 46247SFC3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    915000 | PA      | $952775.13    | 0.04%             | 2028-05-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                            | Lancaster Industrial Development Authority, Series 2021                                                | CUSIP: 51434NAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $579248.42    | 0.02%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                       | Kentucky Economic Development Finance Authority, Series 2016 A                                         | CUSIP: 49126PFH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1186704.15   | 0.05%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                              | River Islands Public Financing Authority, Series 2025                                                  | CUSIP: 76827QMQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1288020.76   | 0.05%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                                   | County of Washoe, Series 2016 G                                                                        | CUSIP: 940865BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008290.60   | 0.04%             | 2036-03-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2023                                                    | CUSIP: 187145RW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $286926.44    | 0.01%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                                    | CUSIP: 13063EMF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6552213.60   | 0.28%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                                | University of Illinois, Series 2023                                                                    | CUSIP: 9143537K7<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    380000 | PA      | $426238.21    | 0.02%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 B                      | CUSIP: 60636AWS8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $968075.01    | 0.04%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series 2017 A                                                                    | CUSIP: 25483VSE5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1209492.24   | 0.05%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Uptown Development Authority                                                          | Uptown Development Authority, Series 2021                                                              | CUSIP: 916856HR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1484932.75   | 0.06%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                      | St. Johns County Industrial Development Authority, Series 2021 A                                       | CUSIP: 79041LAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195249.24    | 0.01%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                                  | City of Rochester, Series 2011 B                                                                       | CUSIP: 771902HH9<br>LEI: 549300006EX3INSHXA95 | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.08%             | 2038-11-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority, Series 2022 A                                                    | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   9335000 | PA      | $9846066.98   | 0.41%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                          | Reno-Tahoe Airport Authority, Series 2024 A                                                            | CUSIP: 759874CE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096377.00   | 0.05%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp.                                                    | Mississippi Business Finance Corp., Series 2007 B                                                      | CUSIP: 60528AAT1<br>LEI: 549300DYV074JUDKBQ77 | Long             | STIV             | MUN               | US        |    980000 | PA      | $980000.00    | 0.04%             | 2030-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                | City of Minneapolis, Series 2018 A                                                                     | CUSIP: 60374VEQ2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $5125022.64   | 0.22%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority, Series 2024 A                                                           | CUSIP: 66285WR57<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    625000 | PA      | $669608.38    | 0.03%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                       | CUSIP: 585488ZN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533471.60    | 0.02%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2025 A                                                  | CUSIP: 187145VP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4490121.71   | 0.19%             | 2045-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                        | Wayne County Airport Authority, Series 2015 F                                                          | CUSIP: 944514TG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1843137.94   | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                       | CUSIP: 585488ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $812017.80    | 0.03%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                              | U.S. Treasury Bills                                                                                    | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    300000 | PA      | $299000.38    | 0.01%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                           | Miami-Dade County Housing Finance Authority, Series 2024                                               | CUSIP: 593344BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750207.20   | 0.07%             | 2041-04-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                                    | CUSIP: 13063ELM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3768022.65   | 0.16%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                      | Maricopa County Industrial Development Authority, Series 2019 A                                        | CUSIP: 56682HCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2208539.92   | 0.09%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Boyd TX                                                                       | City of Boyd, Series 2025                                                                              | CUSIP: 103341AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    242000 | PA      | $249736.21    | 0.01%             | 2055-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2023 E-1                                                         | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5387078.50   | 0.23%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 C                                                             | CUSIP: 682001NF5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4882850.10   | 0.21%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2025 A                                                  | CUSIP: 187145VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $4159449.03   | 0.18%             | 2043-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                             | City of Atlanta, Series 2020 B                                                                         | CUSIP: 04780MXK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3809362.90   | 0.16%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority                                        | Lehigh County Industrial Development Authority, Series 2021 A                                          | CUSIP: 52481MAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1527419.27   | 0.06%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023                        | CUSIP: 60637AWE8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1237333.57   | 0.05%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024-1, Class B-1                                                     | CUSIP: 74448FAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2937602.45   | 0.12%             | 2036-04-28      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| Cedar Crossings Community Development District                                        | Cedar Crossings Community Development District, Series 2025                                            | CUSIP: 15018WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $242585.64    | 0.01%             | 2032-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 B                                         | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7438881.80   | 0.31%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                | CUSIP: 59447NAZ9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    625000 | PA      | $665683.81    | 0.03%             | 2042-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 B                                                                | CUSIP: 74439YCQ2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    880000 | PA      | $896780.10    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                      | Park Creek Metropolitan District, Series 2024 A                                                        | CUSIP: 700385BK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580650.65   | 0.07%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                      | Alaska Industrial Development & Export Authority, Series 2019 A                                        | CUSIP: 011903GJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2390956.45   | 0.10%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                                     | South Carolina Transportation Infrastructure Bank, Series 2016 A                                       | CUSIP: 837152UL9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1640085.72   | 0.07%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                        | Vauxmont Metropolitan District, Series 2019                                                            | CUSIP: 92242SAK9<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128847.85    | 0.01%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2020 A                                                      | CUSIP: 64990FYG3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7915000 | PA      | $7176472.72   | 0.30%             | 2039-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                    | CUSIP: 556344AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1692289.87   | 0.07%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2022                                                                  | CUSIP: 12008ETH9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    375000 | PA      | $387621.11    | 0.02%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2024 D                                                                     | CUSIP: 79625GLP6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   7750000 | PA      | $8440681.55   | 0.36%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series K-1                                                   | CUSIP: 57584XAF8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1147920.11   | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2023 A                                                      | CUSIP: 01728LHC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1611093.60   | 0.07%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                  | CUSIP: 57585BHX9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1224537.16   | 0.05%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2025                                                 | CUSIP: 650116JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1514193.89   | 0.06%             | 2041-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2024 SSS                                             | CUSIP: 64577XFB7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1134832.00   | 0.05%             | 2039-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2023 A                                                | CUSIP: 04052FEF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $824734.33    | 0.03%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority, Series 2015 A                                                   | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  12850000 | PA      | $12861672.94  | 0.54%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority, Series 2019 BB                                         | CUSIP: 6461365N7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8680000 | PA      | $8910782.97   | 0.37%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                         | State of Ohio, Series 2020                                                                             | CUSIP: 67756CEM6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    285000 | PA      | $289149.60    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2022 C                                                                     | CUSIP: 544445XY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $615561.96    | 0.03%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2025 A                                                               | CUSIP: 45471GAY5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4343340.87   | 0.18%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                               | CUSIP: 45505MPQ3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1458237.33   | 0.06%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                                   | City of Columbia, Series 2019                                                                          | CUSIP: 197763EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3058592.10   | 0.13%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017 A                                                              | CUSIP: 45204EUX4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $409664.12    | 0.02%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority, Series 2022 EE                                        | CUSIP: 64972GB29<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2885657.50   | 0.12%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Agricultural & Technical State University                              | North Carolina Agricultural & Technical State University, Series 2023                                  | CUSIP: 658187JS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1022988.79   | 0.04%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                    | CUSIP: 556344AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $462184.26    | 0.02%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                      | East Nassau Stewardship District, Series 2025                                                          | CUSIP: 273794AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4156791.20   | 0.17%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                | CUSIP: 917467BT8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    900000 | PA      | $906659.37    | 0.04%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority                                                                     | CUSIP: 65000BW38<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10944041.00  | 0.46%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                     | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   6830000 | PA      | $7224090.32   | 0.30%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach, Series 2021 A                                                                    | CUSIP: 696547HM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1183497.96   | 0.05%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                      | CUSIP: 60636AWD1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1375462.03   | 0.06%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2022 A                                     | CUSIP: 97712D8N9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3930000 | PA      | $4015726.66   | 0.17%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2017                                                                | CUSIP: 594479DD6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944131.10    | 0.04%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2018 B                                                                         | CUSIP: 735389F52<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1130133.18   | 0.05%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany Capital Resource Corp.                                                         | Albany Capital Resource Corp., Series 2016 A                                                           | CUSIP: 012432CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402504.72    | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                     | City of Venice, Series 2024 B-1                                                                        | CUSIP: 922687AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $551113.81    | 0.02%             | 2030-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                 | City of Farmington, Series 2010 B                                                                      | CUSIP: 311450GD6<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2785519.28   | 0.12%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Town of Providence Village TX                                                         | Town of Providence Village, Series 2025                                                                | CUSIP: 743816AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    413000 | PA      | $417441.07    | 0.02%             | 2035-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2021 A                                                          | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7494267.73   | 0.32%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                        | Tennergy Corp., Series 2021 A                                                                          | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |  13175000 | PA      | $13456734.20  | 0.57%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority, Series 2023                                                            | CUSIP: 88277PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $328530.21    | 0.01%             | 2037-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                      | CUSIP: 51001QAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149200.23    | 0.01%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bella Tara Community Development District                                             | Bella Tara Community Development District, Series 2025                                                 | CUSIP: 07820BAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2687040.83   | 0.11%             | 2045-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 C                                        | CUSIP: 734195EZ9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    525000 | PA      | $551535.39    | 0.02%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Public Facility Corp.                                       | San Antonio Housing Trust Public Facility Corp., Series 2024 A                                         | CUSIP: 79626WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7350000 | PA      | $7516673.01   | 0.32%             | 2043-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2025 D                                                 | CUSIP: 19951ABB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4784192.10   | 0.20%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2024                                             | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991141.10    | 0.04%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                         | City of Atlanta, Series 2015                                                                           | CUSIP: 047870NE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13720000 | PA      | $13736310.34  | 0.58%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                              | Broward County Housing Finance Authority, Series 2023                                                  | CUSIP: 115027RB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    988889 | PA      | $1061101.50   | 0.04%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                                 | County of Franklin, Series 2014                                                                        | CUSIP: 353180JP8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700291.13    | 0.03%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentwood Economic Development Corp.                                                   | Kentwood Economic Development Corp., Series 2016                                                       | CUSIP: 491740EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004847.10   | 0.04%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                         | CUSIP: 452152M65<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    830000 | PA      | $835218.21    | 0.04%             | 2031-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2025 A                                                                         | CUSIP: 167486U64<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9296574.95   | 0.39%             | 2046-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 A                                                 | CUSIP: 8371515R6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089504.60   | 0.09%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Goose Creek                                                                   | City of Goose Creek, Series 2025                                                                       | CUSIP: 38259TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1437593.72   | 0.06%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                   | California School Finance Authority, Series 2016                                                       | CUSIP: 13058TLY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3225592.11   | 0.14%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2024                                                  | CUSIP: 041807JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2461182.57   | 0.10%             | 2049-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                        | CUSIP: 65000BS74<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    345000 | PA      | $376626.01    | 0.02%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                                  | Pennsylvania Higher Educational Facilities Authority, Series 2017                                      | CUSIP: 70917SU76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $721750.59    | 0.03%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                     | CUSIP: 97712JLQ4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115773.00   | 0.09%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                         | CUSIP: 742400DM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    843000 | PA      | $862326.70    | 0.04%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                                 | New Jersey Health Care Facilities Financing Authority, Series 2008 B                                   | CUSIP: 64579FWP4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.04%             | 2036-07-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No. 230 Spring Hills                 | Johnson & Miami Counties, Series 2025                                                                  | CUSIP: 478164KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1855444.64   | 0.08%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                         | CUSIP: 788550MZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1423237.10   | 0.06%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                               | Energy Southeast A Cooperative District, Series 2024 B                                                 | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |  18000000 | PA      | $19777437.00  | 0.83%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 A                                        | CUSIP: 734195DD9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    800000 | PA      | $831491.60    | 0.03%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                    | CUSIP: 556344AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1581783.32   | 0.07%             | 2055-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                       | DeKalb County Housing Authority, Series 2023 A                                                         | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4594476.15   | 0.19%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024                                                    | CUSIP: 187145TM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098505.60   | 0.09%             | 2049-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                          | CUSIP: 22500PAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1519741.61   | 0.06%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                        | CUSIP: 83704HAE7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266426.10    | 0.01%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series 2020                                                                      | CUSIP: 25483VXT6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1470345.43   | 0.06%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                                  | County of Trimble, Series 2023 A                                                                       | CUSIP: 896221AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5037372.50   | 0.21%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Danbury Higher Education Authority, Inc.                                              | Danbury Higher Education Authority, Inc., Series 2020 A                                                | CUSIP: 236035FA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2099350.45   | 0.09%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $461583.53    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                         | CUSIP: 742400CZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307605.75    | 0.01%             | 2035-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2021-1, Class A                                              | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.05         | 0.00%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2025 A                                      | CUSIP: 762244NX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3086133.60   | 0.13%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                      | Kentucky Public Energy Authority, Series 2024 B                                                        | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4075747.88   | 0.17%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                     | CUSIP: 70870FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $738378.86    | 0.03%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                               | CUSIP: 51771FCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082052.00   | 0.05%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series K-3                                | CUSIP: 20774Y5X1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    550000 | PA      | $567041.81    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade, Series 2017 B                                                                    | CUSIP: 59333PZ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10120176.00  | 0.43%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp., Series 2014 A                                    | CUSIP: 64542RAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1795419.67   | 0.08%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District                                                | Sierra View Local Health Care District, Series 2020                                                    | CUSIP: 82650PDG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301328.88    | 0.01%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Public Schools                                                              | Kalamazoo Public Schools, Series 2023 I                                                                | CUSIP: 483270LT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $923737.25    | 0.04%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2020 A-1                                                              | CUSIP: 74442PPT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1063585.36   | 0.04%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                   | Atlanta Development Authority (The), Series 2025 A                                                     | CUSIP: 04777LDT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2356906.83   | 0.10%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                         | CUSIP: 371646AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $851775.38    | 0.04%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                           | New Hampshire Health and Education Facilities Authority Act, Series 2016                               | CUSIP: 6446147E3<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014093.20   | 0.08%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                                    | Montgomery County Housing Opportunities Commission, Series 2012 A                                      | CUSIP: 613347AZ6<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500768.15   | 0.06%             | 2032-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024 A                                                                | CUSIP: 74442ELS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1709723.57   | 0.07%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2016 A                                                 | CUSIP: 837151PT0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3465165.48   | 0.15%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2019 A                                  | CUSIP: 13080SWL4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968495.10    | 0.04%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                           | California Educational Facilities Authority, Series 2015                                               | CUSIP: 130179YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2425000.00   | 0.10%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                 | City of Farmington, Series 2010 E                                                                      | CUSIP: 311450GF1<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5064580.50   | 0.21%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Cass County Joint Water Resource District                                             | Cass County Joint Water Resource District, Series 2024 A                                               | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000686.40   | 0.34%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Woodland Preserve Community Development District                                      | Woodland Preserve Community Development District, Series 2025                                          | CUSIP: 97966AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253386.50    | 0.01%             | 2032-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                  | CUSIP: 795576LP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2229351.60   | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                | CUSIP: 917467BU5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    600000 | PA      | $605344.38    | 0.03%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                       | CUSIP: 84136HAD5<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067141.10   | 0.04%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                                   | County of Washoe, Series 2016 B                                                                        | CUSIP: 940797AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3024871.80   | 0.13%             | 2036-03-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                           | George L Smith II Congress Center Authority, Series 2021 B                                             | CUSIP: 37255MAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3875617.60   | 0.16%             | 2031-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                            | Metropolitan Washington Airports Authority                                                             | CUSIP: 592643DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $576335.76    | 0.02%             | 2053-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                               | Dallas Fort Worth International Airport, Series 2025 A-1                                               | CUSIP: 23503CGE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4300461.60   | 0.18%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp., Series 2017                                | CUSIP: 87638RKB2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2389393.56   | 0.10%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collier County Industrial Development Authority                                       | Collier County Industrial Development Authority, Series 2024 A                                         | CUSIP: 194641AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $864760.48    | 0.04%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                                    | City of Whiting, Series 2019 A                                                                         | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12035000 | PA      | $12176962.45  | 0.51%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                      | North Carolina Capital Facilities Finance Agency, Series 2021 A                                        | CUSIP: 65818PNV7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264825.00   | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2025                                                        | CUSIP: 64985SMJ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1964227.27   | 0.08%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2022                                                                | CUSIP: 594479HN0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    285000 | PA      | $283400.41    | 0.01%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                    | West Villages Improvement District, Series 2025                                                        | CUSIP: 956454CV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005590.40   | 0.08%             | 2032-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                 | South Jersey Transportation Authority, Series 2022 A                                                   | CUSIP: 838536MJ6<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1248914.80   | 0.05%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                         | King County Housing Authority, Series 2008                                                             | CUSIP: 494762KG1<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504513.75   | 0.11%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2017                                         | CUSIP: 71781XDA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2946453.30   | 0.12%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                         | CUSIP: 452152M99<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1678864.28   | 0.07%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                    | Greater Orlando Aviation Authority, Series 2017 A                                                      | CUSIP: 392274W85<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7713363.00   | 0.32%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2024 B                                                              | CUSIP: 45204FYT6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1416556.22   | 0.06%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                   | City of Crandall, Series 2025                                                                          | CUSIP: 224384AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $430718.50    | 0.02%             | 2035-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024     | CUSIP: 54628C2Y7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1959470.19   | 0.08%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                 | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $10023339.84  | 0.42%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                      | Kentucky Public Energy Authority, Series 2025 A                                                        | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  11710000 | PA      | $12521017.04  | 0.53%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                              | West Virginia Hospital Finance Authority, Series 2023 B                                                | CUSIP: 956622W59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2185105.00   | 0.09%             | 2041-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                | CUSIP: 59447NAY2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    550000 | PA      | $592505.71    | 0.02%             | 2041-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2023                                                       | CUSIP: 51265KFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1330758.21   | 0.06%             | 2043-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                      | Folsom Ranch Financing Authority, Series 2024                                                          | CUSIP: 344414HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032876.40   | 0.04%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 B                                                                | CUSIP: 74439YFY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $282141.01    | 0.01%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                          | CUSIP: 22500PAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1449437.76   | 0.06%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024 A                                      | CUSIP: 837032BX8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10704511.00  | 0.45%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2022                                                  | CUSIP: 57584YT82<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    160000 | PA      | $159983.95    | 0.01%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2025-1, Class A-2                                     | CUSIP: 63607WBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3233587 | PA      | $3026139.09   | 0.13%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2016                                        | CUSIP: 762244FL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $367232.12    | 0.02%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2021                                                                | CUSIP: 45204FKM6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    685000 | PA      | $677119.83    | 0.03%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority, Series 2024 AA-3                                      | CUSIP: 64972GF82<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1938250.62   | 0.08%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2018 E                                                      | CUSIP: 64990AMV4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9180000 | PA      | $9436697.59   | 0.40%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                               | CUSIP: 45505MPL4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $562059.55    | 0.02%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2021 C                                                           | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530826.50   | 0.06%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                         | CUSIP: 788550MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $426975.72    | 0.02%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2024                                                   | CUSIP: 19951AAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1408727.74   | 0.06%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey                                                                | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1565733.31   | 0.07%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 B                                                                | CUSIP: 74439YFW6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    180000 | PA      | $190382.89    | 0.01%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $453772.03    | 0.02%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2024, Class F                                          | CUSIP: 64966TGX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   7085000 | PA      | $7308351.08   | 0.31%             | 2031-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2022 A-2                                                              | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7152997.60   | 0.30%             | 2046-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                         | CUSIP: 452152B91<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    340000 | PA      | $340371.45    | 0.01%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025                                                                  | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4695000 | PA      | $5179148.40   | 0.22%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                        | UAB Medicine Finance Authority, Series 2016 B                                                          | CUSIP: 902562AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6091717.80   | 0.26%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                 | CUSIP: 650116GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066288.00   | 0.04%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series 2026 A-1                                          | CUSIP: 64972JWH7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2168038.60   | 0.09%             | 2046-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                              | CUSIP: 830227EF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $971114.84    | 0.04%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2021 A            | CUSIP: 79766DTP4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2066416.25   | 0.09%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2025 A                                      | CUSIP: 762244NZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5067987.50   | 0.21%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2025 C                                                 | CUSIP: 19951ABA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3045613.65   | 0.13%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                               | Dallas Fort Worth International Airport, Series 2025 A-1                                               | CUSIP: 23503CGD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17440000 | PA      | $18916050.10  | 0.80%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                 | CUSIP: 924166JM4<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1855636.13   | 0.08%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 A                                                 | CUSIP: 8371515P0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3950295.00   | 0.17%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                         | CUSIP: 371646AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1155146.90   | 0.05%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                                   | California State Public Works Board, Series 2014 E                                                     | CUSIP: 13068LRX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900956.79    | 0.04%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2025                                                       | CUSIP: 51265KGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1408382.41   | 0.06%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 C                                                             | CUSIP: 682001NG3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5415000 | PA      | $5794257.39   | 0.24%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2023 A                                                                | CUSIP: 74439YER8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041592.90   | 0.04%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp., Series 2016 A                              | CUSIP: 87638RGV3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1992786.25   | 0.08%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2017 A                                     | CUSIP: 97712DVZ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4197816.77   | 0.18%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 D                                         | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5472331.00   | 0.23%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2022 A                                                 | CUSIP: 544532EC4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075543.00   | 0.09%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                       | CMFA Special Finance Agency VII, Series 2021 A-1                                                       | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5295000 | PA      | $3665391.21   | 0.15%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                           | County of Broward, Series 2019 A                                                                       | CUSIP: 114894YS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5102400.50   | 0.21%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                               | CUSIP: 45505MPN0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    615000 | PA      | $677368.69    | 0.03%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                      | New York State Thruway Authority, Series 2022 C                                                        | CUSIP: 650028ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4134599.20   | 0.17%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                      | Maricopa County Industrial Development Authority, Series 2024                                          | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17250000 | PA      | $18114285.38  | 0.76%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                                    | Grays Harbor County Public Hospital District No. 1, Series 2023                                        | CUSIP: 389526AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625371.75    | 0.03%             | 2025-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2020                                                 | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3359500.29   | 0.14%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                               | CUSIP: 51771FCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1287671.28   | 0.05%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2024 A                                                 | CUSIP: 62620HJT0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    850000 | PA      | $913187.39    | 0.04%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Varrea South Community Development District                                           | Varrea South Community Development District, Series 2025                                               | CUSIP: 92228DAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $477315.57    | 0.02%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority, Series 2019 B                                            | CUSIP: 48504NAU3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050350.40   | 0.04%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2024 A                                                 | CUSIP: 62620HJW3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1304640.50   | 0.05%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                 | CUSIP: 14054WCG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3793031.12   | 0.16%             | 2045-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                        | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    225000 | PA      | $238048.70    | 0.01%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 H                                         | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8370253.50   | 0.35%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kissimmee Park Community Development District                                         | Kissimmee Park Community Development District, Series 2025                                             | CUSIP: 497859AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1426517.81   | 0.06%             | 2045-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024 A                                                  | CUSIP: 187145SS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078340.30   | 0.05%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                     | City of Venice, Series 2024 B-3                                                                        | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $851704.93    | 0.04%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2024                                                  | CUSIP: 041807JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $759020.23    | 0.03%             | 2044-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                      | James City County Economic Development Authority, Series 2024 C-2                                      | CUSIP: 47029WEJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $680000.00    | 0.03%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                         | CUSIP: 452152A84<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    695000 | PA      | $695672.13    | 0.03%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2022 A-1                                     | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1463602.91   | 0.06%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                         | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    503000 | PA      | $508345.88    | 0.02%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                          | Northern Illinois University, Series 2024                                                              | CUSIP: 665238DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2375811.90   | 0.10%             | 2049-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota                    | Housing & Redevelopment Authority of The City of St. Paul Minnesota, Series 2016 A                     | CUSIP: 852297CC2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3021206.40   | 0.13%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority, Series 2019 A                                            | CUSIP: 48504NAH2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5213253.50   | 0.22%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                            | Metropolitan Washington Airports Authority                                                             | CUSIP: 592643DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4639.82      | 0.00%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                               | Tolomato Community Development District, Series 2024                                                   | CUSIP: 889560EZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $690622.89    | 0.03%             | 2031-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2017 C                                                                       | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  11170000 | PA      | $11595480.94  | 0.49%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade, Series 2019 A                                                                    | CUSIP: 59333P4B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8109343.20   | 0.34%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp.                                                    | Texas Transportation Finance Corp., Series 2025 A                                                      | CUSIP: 88283PAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $27396217.50  | 1.15%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                  | Chicago Midway International Airport, Series 2023 A                                                    | CUSIP: 167562SD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $553934.35    | 0.02%             | 2041-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Ramsey MN                                                                     | City of Ramsey, Series 2022 A                                                                          | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   6575000 | PA      | $6588880.48   | 0.28%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                                | Lewisville Independent School District, Series 2019                                                    | CUSIP: 52882PDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $895322.50    | 0.04%             | 2039-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 A                                                                | CUSIP: 74439YFV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1283988.38   | 0.05%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                     | State of Colorado, Series 2024 A                                                                       | CUSIP: 196711VS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1448076.36   | 0.06%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                      | CUSIP: 60636AVZ3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2263720.68   | 0.10%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                             | Maryland Health & Higher Educational Facilities Authority, Series 2021 A                               | CUSIP: 57421CCA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251029.80    | 0.01%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2024 Q                                                       | CUSIP: 130331AE1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2980000 | PA      | $3007105.78   | 0.13%             | 2041-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2018                                               | CUSIP: 67756DRR9<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    865000 | PA      | $867434.54    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                              | U.S. Treasury Bills                                                                                    | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1500000 | PA      | $1499524.82   | 0.06%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                     | CUSIP: 70870FAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117895.25    | 0.00%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 B-1                               | CUSIP: 499526BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2277276.98   | 0.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2023                                             | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1022454.97   | 0.04%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                  | CUSIP: 65821DYN5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    365000 | PA      | $373335.51    | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Romeoville IL                                                              | Village of Romeoville, Series 2015                                                                     | CUSIP: 77615NAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $860328.18    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                                    | Capital Projects Finance Authority, Series 2020 A-1                                                    | CUSIP: 140427BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599377.25   | 0.07%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                         | CUSIP: 788550MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524658.30    | 0.02%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Humboldt NV                                                                 | County of Humboldt, Series 2016 B                                                                      | CUSIP: 445199AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025285.60   | 0.09%             | 2029-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2025 A                                      | CUSIP: 762244NW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372720.88    | 0.02%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2021 A                                                 | CUSIP: 6262077G3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    330000 | PA      | $301656.00    | 0.01%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2019 C                                                           | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    820000 | PA      | $827133.84    | 0.03%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                  | CUSIP: 795576LX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8160000 | PA      | $8840441.18   | 0.37%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp.                                                  | Texas State Affordable Housing Corp., Series 2023                                                      | CUSIP: 88271FFP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2558329.07   | 0.11%             | 2044-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                                 | County of Hennepin, Series 2018 B                                                                      | CUSIP: 425507GX2<br>LEI: 254900YDNULMQREFAU43 | Long             | STIV             | MUN               | US        |   2310000 | PA      | $2310000.00   | 0.10%             | 2038-12-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2025 E                                                                         | CUSIP: 167486W54<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $2010073.88   | 0.08%             | 2043-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2024 J                                                       | CUSIP: 130331AF8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5015700.50   | 0.21%             | 2042-02-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                | Tempe Industrial Development Authority, Series 2025 A                                                  | CUSIP: 87972MBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003865.60   | 0.04%             | 2046-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                        | CUSIP: 83704HAK3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    800000 | PA      | $856692.40    | 0.04%             | 2039-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2025 B                                       | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  13625000 | PA      | $14683396.81  | 0.62%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                      | CUSIP: 51001QAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126016.49    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                                    | FHLMC, Multi-family VRD Certificates, Series 2019-ML48, Class A                                        | CUSIP: 31350ACG1<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   2980000 | PA      | $2710066.53   | 0.11%             | 2036-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                                             | Royse City Independent School District, Series 2023                                                    | CUSIP: 780869XV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1556742.04   | 0.07%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024     | CUSIP: 54628C2X9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1047931.75   | 0.04%             | 2030-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2024 B                                                           | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2721080.50   | 0.11%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                          | Industrial Development Authority of the County of Pima (The), Series 2022 A                            | CUSIP: 72178AAF9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3025451.83   | 0.13%             | 2035-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2021                                                  | CUSIP: 57584YM97<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   7515000 | PA      | $6665353.35   | 0.28%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2025 A                                                      | CUSIP: 64990AXW0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4028601.38   | 0.17%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series 2025 H-1                                          | CUSIP: 64972JTF5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  17650000 | PA      | $18971256.06  | 0.80%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                | County of Frederick, Series 2017 A                                                                     | CUSIP: 355697CD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1402221.24   | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach, Series 2019 A                                                                    | CUSIP: 696547GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3971133.69   | 0.17%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2024                                                  | CUSIP: 041807JR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $768216.14    | 0.03%             | 2034-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                         | King County Housing Authority, Series 2020                                                             | CUSIP: 494759RG0<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1331593.87   | 0.06%             | 2040-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2024                                                       | CUSIP: 51265KFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $559486.40    | 0.02%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024 A                                                  | CUSIP: 187145SR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $977703.21    | 0.04%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                          | CUSIP: 13032USF6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1660421.39   | 0.07%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                              | CUSIP: 830227EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $918888.08    | 0.04%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                                 | Duluth Economic Development Authority, Series 2021 A                                                   | CUSIP: 26444VAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $603596.00    | 0.03%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2025                                                  | CUSIP: 63607EAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2628506.22   | 0.11%             | 2040-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2019 A                                                  | CUSIP: 13048VKS6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006174.80   | 0.04%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                       | Chester County Industrial Development Authority, Series 2024                                           | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3632495.04   | 0.15%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                       | Baldwin County Industrial Development Authority, Series 2025 A                                         | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1287692.88   | 0.05%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Poplar Bluff Regional Transportation Development District Sales Tax Revenue           | Poplar Bluff Regional Transportation Development District, Series 2023 B                               | CUSIP: 733060AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1023884.27   | 0.04%             | 2031-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                      | CUSIP: 60636AWB5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3156345.00   | 0.13%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series 2021 B                                   | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998059.50    | 0.04%             | 2050-12-01      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                  | CUSIP: 65821DYL9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    440000 | PA      | $441019.04    | 0.02%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                          | Salt River Project Agricultural Improvement & Power District, Series 2025 A                            | CUSIP: 79574CFD0<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2169328.80   | 0.09%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Industrial Development Authority                                      | Pinellas County Industrial Development Authority, Series 2019                                          | CUSIP: 72316VAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1520500.36   | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2024 A                                                | CUSIP: 57585BBS6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1487706.45   | 0.06%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Trophy Club TX Public Improvement District No. 1                              | Town of Trophy Club, Series 2025                                                                       | CUSIP: 89706PAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268821.93    | 0.01%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 B                                                                | CUSIP: 74439YCR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    655000 | PA      | $675634.60    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2025 A                                      | CUSIP: 762244NV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $430394.96    | 0.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Central Ohio Port Authority                                                      | West Central Ohio Port Authority, Series 2025 A                                                        | CUSIP: 95184BAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $659369.24    | 0.03%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston Airport System, Series 2024 B                                                          | CUSIP: 442349HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4335940.40   | 0.18%             | 2033-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                             | Golden State Tobacco Securitization Corp., Series 2021 B-1                                             | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1656886.57   | 0.07%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp.                                            | Harris County Industrial Development Corp., Series 2023                                                | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589578.00   | 0.11%             | 2050-11-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| City of Ennis TX                                                                      | City of Ennis, Series 2025                                                                             | CUSIP: 293470AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496346.05    | 0.02%             | 2045-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Trophy Club TX Public Improvement District No. 1                              | Town of Trophy Club, Series 2025                                                                       | CUSIP: 89706PAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    264000 | PA      | $279500.10    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023                        | CUSIP: 60637AWF5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2342549.79   | 0.10%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2024                                                  | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009223.10   | 0.04%             | 2045-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                                    | Grays Harbor County Public Hospital District No. 1, Series 2023                                        | CUSIP: 389526AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $719527.52    | 0.03%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                      | City of Manor, Series 2025                                                                             | CUSIP: 564099AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1161226.80   | 0.05%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017 A                                                              | CUSIP: 45203KAP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486153.45    | 0.02%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2022 C                                                 | CUSIP: 544532FU3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4427846.22   | 0.19%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Agricultural & Technical State University                              | North Carolina Agricultural & Technical State University, Series 2023                                  | CUSIP: 658187JR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $488803.68    | 0.02%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                               | CUSIP: 45505MPP5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090619.60   | 0.05%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                      | Minnesota Housing Finance Agency, Series 2017 F                                                        | CUSIP: 60416SWE6<br>LEI: 549300R89XDTQBK4GE22 | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.08%             | 2041-01-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2017                                         | CUSIP: 71781XGS6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    504017 | PA      | $100803.33    | 0.00%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $873258.46    | 0.04%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2017                                         | CUSIP: 71781XGT4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1705902 | PA      | $341180.50    | 0.01%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2019-2, Class A                                              | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1002483 | PA      | $1029695.81   | 0.04%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                    | CUSIP: 556344AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $879561.47    | 0.04%             | 2035-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2022                                               | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000541.80   | 0.08%             | 2052-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville/Jefferson County Metropolitan Government, Series 2023 A                                     | CUSIP: 54659LCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $5038713.96   | 0.21%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2022                                     | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2225269.35   | 0.09%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                          | CUSIP: 13032USJ8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1513250.34   | 0.06%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                         | State of Ohio, Series 2020                                                                             | CUSIP: 67756CEN4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    240000 | PA      | $246892.54    | 0.01%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                        | Lower Colorado River Authority, Series 2022                                                            | CUSIP: 54811GL57<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5042612.00   | 0.21%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 B                      | CUSIP: 60636AWQ2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1052115.00   | 0.04%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                        | CUSIP: 65000BS82<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    650000 | PA      | $704644.40    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                               | Dallas Fort Worth International Airport, Series 2025 A-1                                               | CUSIP: 23503CGG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7885000 | PA      | $8386068.10   | 0.35%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                                   | City of Santa Fe, Series 2012                                                                          | CUSIP: 802170AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $978491.42    | 0.04%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                              | CUSIP: 830227EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075766.80   | 0.05%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                             | Glendale Industrial Development Authority, Series 2016                                                 | CUSIP: 378287AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976251.00    | 0.04%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2024 A-2                                                 | CUSIP: 649870NF5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2500057.99   | 0.11%             | 2054-06-15      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2024 A-1                                                    | CUSIP: 140427CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067335.70   | 0.04%             | 2034-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023-1, Class A                                    | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5590125 | PA      | $5286235.31   | 0.22%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                    | CUSIP: 556344AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $627355.40    | 0.03%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2022                                                  | CUSIP: 041807CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1297195.13   | 0.05%             | 2032-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                 | CSCDA Community Improvement Authority, Series 2021 A-2                                                 | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4525733.40   | 0.19%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2020                                                                  | CUSIP: 74442PZT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    475000 | PA      | $486315.45    | 0.02%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                         | CUSIP: 788550ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $502527.91    | 0.02%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                                     | Austin Community College District, Series 2021                                                         | CUSIP: 052403HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1288761.71   | 0.05%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                      | Alaska Industrial Development & Export Authority, Series 2019 A                                        | CUSIP: 011903GL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1504176.56   | 0.06%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                    | City of Detroit, Series B-1                                                                            | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   4474431 | PA      | $3570764.18   | 0.15%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                              | Broward County Housing Finance Authority, Series 2023                                                  | CUSIP: 115027RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005454.60   | 0.08%             | 2056-09-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2020 A-1                                                    | CUSIP: 140427BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1588465.50   | 0.07%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                          | Reno-Tahoe Airport Authority, Series 2024 B                                                            | CUSIP: 759874DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1156518.44   | 0.05%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2019 A-1                                                        | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2480199.98   | 0.10%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ennis TX                                                                      | City of Ennis, Series 2025                                                                             | CUSIP: 293470AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    702000 | PA      | $698262.62    | 0.03%             | 2035-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2023                                                    | CUSIP: 187145RU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $611567.49    | 0.03%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                               | Michigan Strategic Fund, Series 2019                                                                   | CUSIP: 594698RL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1958590.30   | 0.08%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2021 A                                                       | CUSIP: 34061UHY7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    185000 | PA      | $178022.98    | 0.01%             | 2031-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District                                                | Sierra View Local Health Care District, Series 2020                                                    | CUSIP: 82650PDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $669191.67    | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Variable Rate Certificate                                           | FHLMC, Multi-family VRD Certificates, Series 2022-ML68, Class A                                        | CUSIP: 3137H6L29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | MUN               | US        |   1250000 | PA      | $1118649.00   | 0.05%             | 2036-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade, Series 2024 A                                                                    | CUSIP: 59333P7K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7850524.50   | 0.33%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2025                                        | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5120893.50   | 0.22%             | 2062-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2019 G-1-B                                             | CUSIP: 64972EJV2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    765000 | PA      | $632040.63    | 0.03%             | 2044-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Humboldt NV                                                                 | County of Humboldt, Series 2016 A                                                                      | CUSIP: 445199AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039657.00   | 0.09%             | 2029-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                         | CUSIP: 371646AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $658263.65    | 0.03%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                        | CUSIP: 83704HAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256586.13    | 0.01%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2023                                                       | CUSIP: 51265KFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2851869.26   | 0.12%             | 2033-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2017 A                                                | CUSIP: 041806MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380285.93    | 0.02%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2018                                    | CUSIP: 13081KAX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4566807.45   | 0.19%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2020                                               | CUSIP: 67756DXC5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    370000 | PA      | $381749.39    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                          | CUSIP: 22500PAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1379218.05   | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                     | City & County of Denver, Series 2022 D                                                                 | CUSIP: 249182TE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3660003.90   | 0.15%             | 2036-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 A                                        | CUSIP: 734195DC1<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    825000 | PA      | $865777.19    | 0.04%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024                                                                  | CUSIP: 744396KF8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1639692.90   | 0.07%             | 2045-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                       | CUSIP: 84136HAA1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508715.30    | 0.02%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023                                               | CUSIP: 93978LGR1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1864755.37   | 0.08%             | 2063-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Parrish Lakes Community Development District                                          | Parrish Lakes Community Development District, Series 2024                                              | CUSIP: 70183FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $632948.63    | 0.03%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                                   | County of Warren, Series 2018                                                                          | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3346185.70   | 0.14%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                         | Delaware State Economic Development Authority, Series 2016 A                                           | CUSIP: 246387RV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001612.70   | 0.04%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                         | CUSIP: 452152N49<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    600000 | PA      | $604028.88    | 0.03%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                         | CUSIP: 742400DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $568687.92    | 0.02%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                 | South Jersey Transportation Authority, Series 2022 A                                                   | CUSIP: 838536ML1<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2702873.50   | 0.11%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2025                                                                | CUSIP: 917467DF6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2893841.31   | 0.12%             | 2049-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Woodcreek Community Development District                                              | Woodcreek Community Development District, Series 2025                                                  | CUSIP: 97925TAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202362.06    | 0.01%             | 2032-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                            | Columbus-Franklin County Finance Authority, Series 2025 A                                              | CUSIP: 19910XAN6<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $5036225.28   | 0.21%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                               | CUSIP: 51771FCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1281062.97   | 0.05%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                  | CUSIP: 57585BMB1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085172.80   | 0.05%             | 2045-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                                    | Isle Wight County Industrial Development Authority, Series 2023                                        | CUSIP: 464637AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558182.35    | 0.02%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                 | CUSIP: 14054WBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $634379.33    | 0.03%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red Oak Independent School District                                                   | Red Oak Independent School District, Series 2023                                                       | CUSIP: 756843H68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2120631.88   | 0.09%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2016                                        | CUSIP: 762244FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $584602.71    | 0.02%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miromar Lakes Community Development District                                          | Miromar Lakes Community Development District, Series 2025                                              | CUSIP: 604710AM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1639641.45   | 0.07%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2023 D-1                                                        | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2123316.00   | 0.09%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Forsyth MT                                                                    | City of Forsyth, Series 2023                                                                           | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2235200.66   | 0.09%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2025                                                                  | CUSIP: 12008QAF6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045592.40   | 0.04%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                               | CUSIP: 51771FCA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $836451.90    | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2023 A                                 | CUSIP: 49952AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1901599.09   | 0.08%             | 2043-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                                 | Utah Charter School Finance Authority, Series 2018                                                     | CUSIP: 91754TWE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $593801.47    | 0.02%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2025                                                  | CUSIP: 041807PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017371.60   | 0.04%             | 2045-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                 | City of Farmington, Series 2016 B                                                                      | CUSIP: 311450FW5<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1743161.40   | 0.07%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                | City of Minneapolis, Series 2018 A                                                                     | CUSIP: 60374VDY6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3554365.08   | 0.15%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2024 E                                                                     | CUSIP: 79625GME0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5080000 | PA      | $5447577.12   | 0.23%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                      | Oneida Indian Nation of New York, Series 2024 B                                                        | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1831430.57   | 0.08%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2021 A                                                                         | CUSIP: 167486M55<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960032.10    | 0.04%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2024 B                                                              | CUSIP: 45204FYS8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2102835.40   | 0.09%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority                                                       | Dallas Area Municipal Authority, Series 2014                                                           | CUSIP: 235171AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $245052.55    | 0.01%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-2, Class A                                       | CUSIP: 63607WAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7724107 | PA      | $7395674.57   | 0.31%             | 2039-08-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2025-1, Class A-1                                     | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9700761 | PA      | $9672830.53   | 0.41%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2021-1, Class A                                    | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   6459807 | PA      | $6286905.56   | 0.26%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                       | Port of Oakland, Series 2021 H                                                                         | CUSIP: 735000UY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10583.81     | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                 | CUSIP: 14054WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1232926.25   | 0.05%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                 | County of Hamilton, Series 2016                                                                        | CUSIP: 40727RBS6<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3058611.62   | 0.13%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                      | Oneida Indian Nation of New York, Series 2024 A                                                        | CUSIP: 682504AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2937566.04   | 0.12%             | 2040-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham (The)                                     | Water Works Board of the City of Birmingham (The), Series 2024                                         | CUSIP: 091097AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12988899.30  | 0.55%             | 2026-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2023 A                                                                     | CUSIP: 79625GGQ0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   9155000 | PA      | $10022012.37  | 0.42%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                     | City of Horace, Series 2024 B                                                                          | CUSIP: 440365JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750202.13    | 0.03%             | 2026-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Lakeside at Satilla Community Development District                                    | Lakeside at Satilla Community Development District, Series 2025                                        | CUSIP: 51210AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1340289.84   | 0.06%             | 2045-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Austin-Bergstrom Landhost Enterprises, Inc.                                           | Austin-Bergstrom Landhost Enterprises, Inc., Series 2017                                               | CUSIP: 052193AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $410203.72    | 0.02%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                      | Kentucky Public Energy Authority, Series 2024 A                                                        | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6112618.00   | 0.26%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                                    | Capital Projects Finance Authority, Series 2020 A-1                                                    | CUSIP: 140427BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063227.00   | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                  | Chicago Midway International Airport, Series 2023 A                                                    | CUSIP: 167562SE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099184.00   | 0.05%             | 2042-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp., Series 2016 A                              | CUSIP: 87638TFK4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   7445000 | PA      | $7512931.16   | 0.32%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2023 A                                                | CUSIP: 04052FEG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $683814.56    | 0.03%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa                                                                    | County of Okaloosa, Series 2025                                                                        | CUSIP: 678226AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $940218.47    | 0.04%             | 2045-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                                  | Charlotte County Industrial Development Authority, Series 2025                                         | CUSIP: 16080TAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041817.30   | 0.04%             | 2045-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville/Jefferson County Metropolitan Government, Series 2005 A                                     | CUSIP: 546749AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4932921.00   | 0.21%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp., Series 2022 A, Class 1                                             | CUSIP: 649519EY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7915000 | PA      | $6520053.28   | 0.27%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                           | California State University, Series 2016 B-2                                                           | CUSIP: 13077C4K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975074.90    | 0.04%             | 2049-11-01      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Connerton East Community Development District                                         | Connerton East Community Development District, Series 2025                                             | CUSIP: 208185AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $878410.07    | 0.04%             | 2055-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado                 | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado, Series 2025 A                   | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4489286.80   | 0.19%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2023 A                                                                     | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5432145.00   | 0.23%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport                           | CUSIP: 79766DRZ4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7741938.36   | 0.33%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                                  | Pennsylvania Higher Educational Facilities Authority, Series 2017                                      | CUSIP: 70917SU68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $814455.96    | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                  | CUSIP: 65821DYP0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    755000 | PA      | $756739.22    | 0.03%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2022                                               | CUSIP: 67756DD94<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    600000 | PA      | $636318.78    | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2025 A                                                               | CUSIP: 45506ENK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    750000 | PA      | $759475.58    | 0.03%             | 2029-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2023                                                                | CUSIP: 917467CN0<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092688.20   | 0.05%             | 2038-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025 N-1                                              | CUSIP: 57585BEX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5109512.50   | 0.21%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                                    | CUSIP: 13063ELN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10666132.00  | 0.45%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2024                                                  | CUSIP: 041807JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1027445.12   | 0.04%             | 2039-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                                    | Southeastern Pennsylvania Transportation Authority, Series 2022                                        | CUSIP: 842039FL8<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1376897.00   | 0.06%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                                    | Isle Wight County Industrial Development Authority, Series 2023                                        | CUSIP: 464637AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $664159.26    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                    | Tobacco Settlement Financing Corp., Series 2015 B                                                      | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990580.70    | 0.04%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                              | Cleveland-Cuyahoga County Port Authority, Series 2018                                                  | CUSIP: 18610PAU2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508282.80    | 0.02%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2024-1, Class A                                    | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2880937 | PA      | $2820427.85   | 0.12%             | 2040-03-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                     | City of Venice, Series 2024 B-2                                                                        | CUSIP: 922687AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $551098.46    | 0.02%             | 2030-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Loan Council                                                        | Florida Municipal Loan Council, Series 2024                                                            | CUSIP: 34281UAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $238977.61    | 0.01%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                              | Sterling Ranch Community Authority Board, Series 2024                                                  | CUSIP: 85950TAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1233000 | PA      | $1266237.24   | 0.05%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                     | CUSIP: 97712JLS0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2611088.00   | 0.11%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2024, Class B                                          | CUSIP: 64966TGT5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516558.75    | 0.02%             | 2031-12-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2022 F-2-B                                             | CUSIP: 64972E3F4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  12750000 | PA      | $12751076.10  | 0.54%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                                       | Halifax Hospital Medical Center, Series 2016                                                           | CUSIP: 405815LG4<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1384650.30   | 0.06%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2022                                                                | CUSIP: 917467CF7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    375000 | PA      | $385389.71    | 0.02%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-3, Class A                                       | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3969851 | PA      | $3912201.05   | 0.16%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| County of Scioto OH                                                                   | County of Scioto, Series 2016                                                                          | CUSIP: 808878GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501563.60    | 0.02%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2017 A                      | CUSIP: 60637AML3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3110790.66   | 0.13%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                | County of Frederick, Series 2019                                                                       | CUSIP: 355612AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $712593.16    | 0.03%             | 2029-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                                            | Passaic County Improvement Authority (The), Series 2023                                                | CUSIP: 70275QAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $528907.63    | 0.02%             | 2033-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Alvarado TX                                                                   | City of Alvarado, Series 2025                                                                          | CUSIP: 022360AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    143000 | PA      | $145670.35    | 0.01%             | 2032-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2022 A                                                                | CUSIP: 12008ESW7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    130000 | PA      | $129383.98    | 0.01%             | 2027-07-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                            | Salt Verde Financial Corp., Series 2007-1                                                              | CUSIP: 79575EAQ1<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072764.90   | 0.05%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                  | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $979829.62    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2023                                                    | CUSIP: 187145RZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1589379.99   | 0.07%             | 2043-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2025                                                 | CUSIP: 650116JC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1358540.04   | 0.06%             | 2040-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Village of Romeoville IL                                                              | Village of Romeoville, Series 2015                                                                     | CUSIP: 77615NAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500147.70    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gaithersburg MD                                                               | City of Gaithersburg, Series 2018 A                                                                    | CUSIP: 363128CU1<br>LEI: 549300UFHDHDCHDE0F65 | Long             | DBT              | MUN               | US        |    300000 | PA      | $304766.52    | 0.01%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2020 A                                                      | CUSIP: 64990GYC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8867794.00   | 0.37%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                       | CUSIP: 84136HAB9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    410000 | PA      | $425077.05    | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                       | Kentucky Economic Development Finance Authority, Series 2015 A                                         | CUSIP: 49126PEW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2082319.41   | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2021                                                    | CUSIP: 187145MH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1390897.87   | 0.06%             | 2039-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2025 C                                                 | CUSIP: 19951AAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126307.60   | 0.09%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Del Webb Oak Creek Community Development District                                     | Del Webb Oak Creek Community Development District, Series 2025                                         | CUSIP: 245509AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $849041.42    | 0.04%             | 2045-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                        | Lee County Industrial Development Authority, Series 2024 B-1                                           | CUSIP: 52349EER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1308735.22   | 0.06%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The), Series 2019 B                                          | CUSIP: 592190NY4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072970.40   | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2022 D-1                                                        | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012123.10   | 0.04%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                               | Energy Southeast A Cooperative District, Series 2023 B-1                                               | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5622030.00   | 0.24%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 A                                                                | CUSIP: 74439YGF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    260000 | PA      | $263802.76    | 0.01%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2023 A                                                      | CUSIP: 01728LHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091137.80   | 0.05%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                           | Development Authority of Burke County (The), Series 2013 A                                             | CUSIP: 121342NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6095340.60   | 0.26%             | 2040-01-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico, Series 2022 A-1                                                           | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3482000 | PA      | $3423316.81   | 0.14%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority, Series 2019 A-2                                                  | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  39610000 | PA      | $40297574.15  | 1.70%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                          | Reno-Tahoe Airport Authority, Series 2024 A                                                            | CUSIP: 759874CD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108331.80   | 0.05%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                    | City of Detroit, Series 2023 B                                                                         | CUSIP: 2510936D7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    295000 | PA      | $302914.26    | 0.01%             | 2028-05-01      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                         | CUSIP: 788550MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $225219.50    | 0.01%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2025 B                                             | CUSIP: 93978LJR8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1866032.10   | 0.08%             | 2064-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                          | CUSIP: 13032USC3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1486148.14   | 0.06%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                                | University of Kentucky, Series 2024                                                                    | CUSIP: 914383AS3<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1602850.49   | 0.07%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville/Jefferson County Metropolitan Government, Series 2016 A                                     | CUSIP: 54659LBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2795340.08   | 0.12%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Starling Community Development District                                               | Starling Community Development District, Series 2025                                                   | CUSIP: 85553UAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1991726.92   | 0.08%             | 2035-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                 | CSCDA Community Improvement Authority, Series 2021 A-1                                                 | CUSIP: 126292AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $850612.90    | 0.04%             | 2046-12-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                        | CUSIP: 65000BS90<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073946.40   | 0.05%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston, Series 2020 A                                                                         | CUSIP: 442349DW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517961.30   | 0.06%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                                   | City of Gulfport, Series 2025                                                                          | CUSIP: 402682DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1207851.79   | 0.05%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                         | CUSIP: 788550MW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $227287.81    | 0.01%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fox Branch Ranch Community Development District                                       | Fox Branch Ranch Community Development District, Series 2025                                           | CUSIP: 351322AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $178887.73    | 0.01%             | 2035-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 B                                                 | CUSIP: 8371516L8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580118.00   | 0.07%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2015 B                      | CUSIP: 60637AJU7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2025187.11   | 0.09%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                    | Matching Fund Special Purpose Securitization Corp., Series 2022 A                                      | CUSIP: 57665NAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    515000 | PA      | $521263.02    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2012                                                                | CUSIP: 45203PAE4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5172254.50   | 0.22%             | 2043-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                                   | State of Washington, Series 2021 C                                                                     | CUSIP: 93974ELU8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3860000 | PA      | $4133078.40   | 0.17%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                 | CUSIP: 14054WCH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3034494.90   | 0.13%             | 2050-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                    | City of Detroit, Series 2020                                                                           | CUSIP: 2510934G2<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    660000 | PA      | $718138.15    | 0.03%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                              | Metropolitan Pier & Exposition Authority, Series 2017 B                                                | CUSIP: 592250CU6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    300000 | PA      | $310124.88    | 0.01%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                                   | State of Washington, Series 2024 A                                                                     | CUSIP: 93974EH82<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5070000 | PA      | $5411742.34   | 0.23%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series K-1                                                   | CUSIP: 57584XAE1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    950000 | PA      | $948442.86    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2016 A                                                  | CUSIP: 13048TF81<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1054233.86   | 0.04%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                                   | Port of Portland, Series 24 B                                                                          | CUSIP: 735240M34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039083.80   | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series 2016 A-2                           | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1042606.74   | 0.04%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $495791.64    | 0.02%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2023 A-4                                                                      | CUSIP: 64966QH37<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.06%             | 2049-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                       | CUSIP: 585488ZM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $806815.05    | 0.03%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District                                                       | Manteca Unified School District, Series 2020 A                                                         | CUSIP: 564538GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $854428.10    | 0.04%             | 2041-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                 | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4202325.60   | 0.18%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 A                                                                | CUSIP: 74439YBX8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1484699.31   | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey, Series 197th                                                  | CUSIP: 73358WC93<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5067718.00   | 0.21%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $646953.69    | 0.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Public Schools                                                              | Kalamazoo Public Schools, Series 2023 I                                                                | CUSIP: 483270LW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $847981.68    | 0.04%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                              | CUSIP: 830227EJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $823647.22    | 0.03%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                | CUSIP: 59447NBC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    750000 | PA      | $798988.95    | 0.03%             | 2049-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2024 SSS                                             | CUSIP: 64577XFA9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1814964.00   | 0.08%             | 2038-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority                                                              | CUSIP: 51771FAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9660000 | PA      | $9883113.16   | 0.42%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                        | CUSIP: 83704HAB3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259446.90    | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 C                                        | CUSIP: 734195EY2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    400000 | PA      | $422496.92    | 0.02%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                         | CUSIP: 742400DB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $939847.64    | 0.04%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                       | Chester County Industrial Development Authority, Series 2013 A                                         | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $693936.38    | 0.03%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2025 A                                                      | CUSIP: 64990AXV2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3241720.20   | 0.14%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority, Series 2022 A                                              | CUSIP: 592647LB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $994474.48    | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Development Authority                                              | Los Angeles County Development Authority, Series 2022 F                                                | CUSIP: 54467WAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3250114.40   | 0.14%             | 2046-01-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                 | CUSIP: 650116GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144316.60   | 0.09%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024 A                                      | CUSIP: 837032BY6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6504495.60   | 0.27%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2016 B                                                 | CUSIP: 837151RQ4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508133.35    | 0.02%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2024 A-1                                                    | CUSIP: 140427CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1228382.47   | 0.05%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024 A                                                  | CUSIP: 187145SQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092535.00   | 0.05%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority, Series 2023                                                            | CUSIP: 88277PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540056.80    | 0.02%             | 2039-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                         | Palm Beach County Health Facilities Authority, Series 2016                                             | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025661.40   | 0.09%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 A                                         | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7846650.00   | 0.33%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                       | CUSIP: 585488ZK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546196.15    | 0.02%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2025                        | CUSIP: 60636AXS7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498421.75    | 0.02%             | 2030-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Ham Lake MN                                                                   | City of Ham Lake, Series 2016 A                                                                        | CUSIP: 406511AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1729817.60   | 0.07%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2020 A                                             | CUSIP: 928104MP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $618070.25    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2022                                                                | CUSIP: 594479HM2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     95000 | PA      | $94718.86     | 0.00%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2022-ML14, Class A                            | CUSIP: 3137H9MF3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4883944 | PA      | $4600137.74   | 0.19%             | 2038-11-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp.                                                         | Houston Housing Finance Corp., Series 2023                                                             | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038433.00   | 0.13%             | 2041-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tranquility Community Development District                                            | Tranquility Community Development District, Series 2025                                                | CUSIP: 89300NAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1912571.52   | 0.08%             | 2045-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                          | CUSIP: 13032USE9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1639757.62   | 0.07%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2021                                                 | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49635.47     | 0.00%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Rivers Edge III Community Development District                                        | Rivers Edge III Community Development District, Series 2025                                            | CUSIP: 76882NAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $465793.70    | 0.02%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2023 A                                                                | CUSIP: 12008EUL8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    665000 | PA      | $704660.93    | 0.03%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority, Series 2015 B                                                   | CUSIP: 452252LE7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10017704.00  | 0.42%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                    | Matching Fund Special Purpose Securitization Corp., Series 2022 A                                      | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1000000 | PA      | $1031086.00   | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                            | Salt Verde Financial Corp., Series 2007-1                                                              | CUSIP: 79575EAL2<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5005913.50   | 0.21%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                      | CUSIP: 51001QAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150149.76    | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2023 A                                                      | CUSIP: 01728LHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081895.30   | 0.05%             | 2042-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                              | River Islands Public Financing Authority, Series 2025                                                  | CUSIP: 76827QMN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $382661.46    | 0.02%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Grand Parkway Toll Road Authority                                           | Fort Bend Grand Parkway Toll Road Authority, Series 2021                                               | CUSIP: 346832BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1153645.51   | 0.05%             | 2039-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                | City of Minneapolis, Series 2018 A                                                                     | CUSIP: 60374VEB5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1083683.79   | 0.05%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                      | St. Johns County Industrial Development Authority, Series 2021 A                                       | CUSIP: 79041LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $211063.67    | 0.01%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                         | CUSIP: 742400DJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    801000 | PA      | $821527.63    | 0.03%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                | CUSIP: 59447NBA3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    800000 | PA      | $844665.20    | 0.04%             | 2043-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL                                                                | County of Jefferson, Series 2017                                                                       | CUSIP: 472628RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1103921.48   | 0.05%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                 | CSCDA Community Improvement Authority, Series 2021 A-2                                                 | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9930000 | PA      | $6789403.15   | 0.29%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2025-1, Class A-2                                       | CUSIP: 13050WAB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  13939134 | PA      | $12382338.68  | 0.52%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2025 A                                                                     | CUSIP: 5444452V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20380000 | PA      | $22766375.72  | 0.96%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2025 A                                      | CUSIP: 83703EMY8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3576774.30   | 0.15%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority, Series 2024 A                                                           | CUSIP: 66285WR65<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2709673.00   | 0.11%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                                 | Connecticut Housing Finance Authority, Series 2016 A-1                                                 | CUSIP: 20775CDB7<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2201128.88   | 0.09%             | 2030-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series 2025 H-1                                          | CUSIP: 64972JTC2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5361986.00   | 0.23%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                         | CUSIP: 788550MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $350100.92    | 0.01%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2023 A                                                | CUSIP: 04052FEE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $479082.42    | 0.02%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                      | JEA Water & Sewer System, Series 2025 A                                                                | CUSIP: 46615SGF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7923101.72   | 0.33%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2021 A            | CUSIP: 79766DTM1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5394625.60   | 0.23%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                             | Mendocino-Lake Community College District, Series 2011 B                                               | CUSIP: 58661PCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $3224243.10   | 0.14%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Development Authority                                              | Los Angeles County Development Authority, Series 2023 C                                                | CUSIP: 54467WAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502944.50   | 0.11%             | 2046-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Board of Trustees of the University of Illinois (The)                                 | Board of Trustees of the University of Illinois (The), Series 2023                                     | CUSIP: 9143537M3<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1836780.37   | 0.08%             | 2041-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd      | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2019 | CUSIP: 592029AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $681443.62    | 0.03%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2022 C                                                                     | CUSIP: 544445XU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1666195.35   | 0.07%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2025 D                                                 | CUSIP: 19951ABC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9888356.00   | 0.42%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2023 B                                                              | CUSIP: 45203NBT5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5245000 | PA      | $5461528.29   | 0.23%             | 2057-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                  | CUSIP: 795576LR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2240726.40   | 0.09%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                     | State of Colorado, Series 2024 A                                                                       | CUSIP: 196711VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1180443.55   | 0.05%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1154533.49   | 0.05%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017 A                                                              | CUSIP: 45203KAQ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    460000 | PA      | $439967.09    | 0.02%             | 2050-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                | Downtown Revitalization Public Infrastructure District, Series 2025 B                                  | CUSIP: 26118TBS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1271261.63   | 0.05%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2019 A                                               | CUSIP: 645780FL6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3292451.75   | 0.14%             | 2039-10-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                         | CUSIP: 788550MY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $239160.35    | 0.01%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-1, Class A                                       | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3481338 | PA      | $3475787.36   | 0.15%             | 2040-10-20      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Connerton East Community Development District                                         | Connerton East Community Development District, Series 2025                                             | CUSIP: 208185AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207630.42    | 0.01%             | 2035-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                      | Folsom Ranch Financing Authority, Series 2024                                                          | CUSIP: 344414HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063695.50   | 0.04%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2024                                                   | CUSIP: 19951AAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3525766.16   | 0.15%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2019-2, Class A                                       | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.02         | 0.00%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                   | Atlanta Development Authority (The), Series 2025 A                                                     | CUSIP: 04777LDU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1124120.30   | 0.05%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                 | CUSIP: 924166JN2<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    900000 | PA      | $888111.00    | 0.04%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 D                                                             | CUSIP: 682001NP3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2495678.94   | 0.11%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wharton TX                                                                    | City of Wharton, Series 2025                                                                           | CUSIP: 962423AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $655827.78    | 0.03%             | 2045-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2021 A                                                           | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10143624.00  | 0.43%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Stonegate Preserve Community Development District                                     | Stonegate Preserve Community Development District, Series 2025                                         | CUSIP: 86182EAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $873644.20    | 0.04%             | 2055-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2019                                                                | CUSIP: 917467BB7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027705.90   | 0.04%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2019 A                                                | CUSIP: 04052FAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044443.60   | 0.04%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                          | Orlando Utilities Commission, Series 2024 A                                                            | CUSIP: 686507LZ5<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2666198.50   | 0.11%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                                | Illinois Housing Development Authority, Series 2017 A                                                  | CUSIP: 45201YN29<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |  11128016 | PA      | $10166070.15  | 0.43%             | 2047-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2020 A                                             | CUSIP: 928104MM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $325547.20    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2018                                       | CUSIP: 97712DU20<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   7890000 | PA      | $7992514.77   | 0.34%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                             | Michigan State University, Series 2019 B                                                               | CUSIP: 594712VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3074990.40   | 0.13%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                               | Tobacco Securitization Authority of Southern California, Series 2019 B-1, Class 2                      | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6430000 | PA      | $6310061.85   | 0.27%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                                     | Texas Municipal Gas Acquisition & Supply Corp. IV, Series 2023 B                                       | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9078160.00   | 0.38%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2023 A                                                                | CUSIP: 74439YES6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016351.30   | 0.04%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                              | West Virginia Hospital Finance Authority, Series 2023 B                                                | CUSIP: 956622W75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3235278.30   | 0.14%             | 2043-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                      | JEA Water & Sewer System, Series 2025 A                                                                | CUSIP: 46615SGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9704968.20   | 0.41%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                 | CSCDA Community Improvement Authority, Series 2021 A-1                                                 | CUSIP: 126292BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2229773.00   | 0.09%             | 2047-03-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Cypress Bluff Community Development District                                          | Cypress Bluff Community Development District, Series 2025                                              | CUSIP: 23267AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007023.10   | 0.04%             | 2045-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Housing Finance Authority                                         | Hillsborough County Housing Finance Authority, Series 2025 A                                           | CUSIP: 43232EDE6<br>LEI: 5493003JJ1KK4FWWU787 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3233470.74   | 0.14%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2021                                                                | CUSIP: 45204FKN4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1039881.73   | 0.04%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML05, Class A-US                         | CUSIP: 30309HAC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8239683 | PA      | $7856213.60   | 0.33%             | 2036-01-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Poplar Bluff Regional Transportation Development District Sales Tax Revenue           | Poplar Bluff Regional Transportation Development District, Series 2023 B                               | CUSIP: 733060AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2281043.17   | 0.10%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                   | U.S. Treasury 5 Year Notes                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       302 | NC      | $-31085.46    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2024                                             | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506460.05    | 0.02%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                     | CUSIP: 70870FAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $558525.83    | 0.02%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2025                                                                  | CUSIP: 12008QAD1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1345515.10   | 0.06%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                         | King County Housing Authority, Series 2025                                                             | CUSIP: 494759TB9<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106258.20   | 0.09%             | 2045-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                       | Indianapolis Local Public Improvement Bond Bank, Series 2019 A                                         | CUSIP: 45528UZH7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1207065.05   | 0.05%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                 | CSCDA Community Improvement Authority, Series 2021 A-2                                                 | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $9271581.80   | 0.39%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Waterset South Community Development District                                         | Waterset South Community Development District, Series 2025                                             | CUSIP: 94186HAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $706942.67    | 0.03%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023 A                                             | CUSIP: 939783Q58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1657808.84   | 0.07%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2023-2, Class A                                       | CUSIP: 63607WAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.04         | 0.00%             | 2038-01-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2021                                                                | CUSIP: 45204FKP9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    445000 | PA      | $432718.09    | 0.02%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico, Series 2022 A-1                                                           | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1683000 | PA      | $1730580.77   | 0.07%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                             | Harris County Cultural Education Facilities Finance Corp., Series 2013 A                               | CUSIP: 414009FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457678.35    | 0.02%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                     | CUSIP: 70870FAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $169981.02    | 0.01%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 818                             | City of Las Vegas, Series 2024                                                                         | CUSIP: 51779DAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $940493.03    | 0.04%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rural Water Financing Agency                                                          | Rural Water Financing Agency, Series 2023 A                                                            | CUSIP: 781741AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.13%             | 2025-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2020                                                                | CUSIP: 45203EAG4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2296290.83   | 0.10%             | 2040-05-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                                  | City of Rochester, Series 2008 B                                                                       | CUSIP: 771902FC2<br>LEI: 549300006EX3INSHXA95 | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.06%             | 2038-11-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                      | City of Lavon, Series 2025                                                                             | CUSIP: 51946PCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $825481.44    | 0.03%             | 2045-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                                    | City of Seattle, Series 2021 B                                                                         | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $743994.68    | 0.03%             | 2045-05-01      | Floating      | 3.47%                 | No            |                  2 | On Loan: No      |
| Princeton Independent School District                                                 | Princeton Independent School District, Series 2023                                                     | CUSIP: 742395XS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090001.40   | 0.05%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2023 C                                                           | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2140540.60   | 0.09%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Angeline Community Development District                                               | Angeline Community Development District, Series 2025                                                   | CUSIP: 03473TAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $637470.41    | 0.03%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                                             | Royse City Independent School District, Series 2023                                                    | CUSIP: 780869XU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082531.80   | 0.05%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Putnam Funds Trust                                                                    | Putnam Short Term Investment Fund, Class P                                                             | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |  57928865 | NS      | $57928864.90  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kentucky Public Energy Authority                                                      | Kentucky Public Energy Authority, Series 2025 B                                                        | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10438457.00  | 0.44%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                      | Delaware State Housing Authority, Series 2023                                                          | CUSIP: 24639AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7646087.08   | 0.32%             | 2041-01-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Harbor Point Infrastructure Improvement District                                      | Harbor Point Infrastructure Improvement District, Series 2017                                          | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4058241.60   | 0.17%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                               | Puerto Rico Sales Tax Financing Corp., Series A-1                                                      | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  10000000 | PA      | $7588895.00   | 0.32%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series 2017 A                                                                    | CUSIP: 25483VTE4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251382.75   | 0.05%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                                | University of Kentucky, Series 2024                                                                    | CUSIP: 914383AT1<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1995438.12   | 0.08%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                           | Florida Local Government Finance Commission, Series 2025 A                                             | CUSIP: 34077EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1793202.60   | 0.08%             | 2045-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                                   | Maryland Economic Development Corp., Series 2020                                                       | CUSIP: 57422FAD8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1151440.33   | 0.05%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                                             | Royse City Independent School District, Series 2023                                                    | CUSIP: 780869XW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067078.30   | 0.04%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2017 A                                                              | CUSIP: 917467AG7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1407139.08   | 0.06%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series F                                  | CUSIP: 20774YW45<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1257105.25   | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                                   | Port of Portland, Series 25 B                                                                          | CUSIP: 735240Q63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1397275.25   | 0.06%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                      | CUSIP: 51001QAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210349.86    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                 | CUSIP: 650116GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $926024.58    | 0.04%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                      | Regional Transportation District, Series 2020 A                                                        | CUSIP: 759151BT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $770826.33    | 0.03%             | 2037-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                         | CUSIP: 371646AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1145297.50   | 0.05%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                      | CUSIP: 60636AWC3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    615000 | PA      | $508359.68    | 0.02%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                                    | Plaza at Noah's Ark Community Improvement District, Series 2021                                        | CUSIP: 72813LAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $273229.44    | 0.01%             | 2026-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                                             | Camden County Improvement Authority (The), Series 2024                                                 | CUSIP: 13281RAF0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4023168.40   | 0.17%             | 2027-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                | CUSIP: 917467BR2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    500000 | PA      | $496948.35    | 0.02%             | 2026-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2025 C-1                                                                      | CUSIP: 64966SHE9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1582193.26   | 0.07%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2018                                                    | CUSIP: 13049YCR0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5690000 | PA      | $5887798.63   | 0.25%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2024, Class E                                          | CUSIP: 64966TGW8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1790759.95   | 0.08%             | 2031-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey, Series 236th                                                  | CUSIP: 73358XGY2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090211.00   | 0.05%             | 2037-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                | Ohio Air Quality Development Authority, Series 2022 A                                                  | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   6955000 | PA      | $7068256.61   | 0.30%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 A                                                                       | CUSIP: 364568JZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1774995.42   | 0.07%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2018                                               | CUSIP: 67756DRS7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1573456.20   | 0.07%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue             | Wisconsin Housing & Economic Development Authority, Series 2017 A                                      | CUSIP: 97689SAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4436550 | PA      | $3864858.92   | 0.16%             | 2047-07-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Ibis Landing Community Development District                                           | Ibis Landing Community Development District, Series 2025                                               | CUSIP: 451075AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $741939.62    | 0.03%             | 2055-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $572797.72    | 0.02%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Balch Springs TX                                                              | City of Balch Springs, Series 2025                                                                     | CUSIP: 05766QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $716763.30    | 0.03%             | 2054-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2023                                                                | CUSIP: 917467CM2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1423425.51   | 0.06%             | 2035-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                                | City of San Antonio, Series 2024                                                                       | CUSIP: 79623PRL1<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3735636.10   | 0.16%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico, Series 2022 A-1                                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    100000 | PA      | $91877.54     | 0.00%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The), Series 2022 B                                          | CUSIP: 592190QS4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    875000 | PA      | $977586.05    | 0.04%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2012                        | CUSIP: 60637AWD0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1517567.42   | 0.06%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                      | James City County Economic Development Authority, Series 2024 C-1                                      | CUSIP: 47029WEH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $641398.72    | 0.03%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fort Bend Grand Parkway Toll Road Authority                                           | Fort Bend Grand Parkway Toll Road Authority, Series 2021                                               | CUSIP: 346832BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1136263.43   | 0.05%             | 2038-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML06, Class A-US                         | CUSIP: 30312CAF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12763258 | PA      | $11186118.94  | 0.47%             | 2037-06-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                  | CUSIP: 57585BHV3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $848744.25    | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                        | Lee County Industrial Development Authority, Series 2024 C                                             | CUSIP: 52349EEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1532680.58   | 0.06%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                         | Allentown Neighborhood Improvement Zone Development Authority, Series 2025                             | CUSIP: 018444CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1509900.42   | 0.06%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Double Branch Community Development District                                          | Double Branch Community Development District, Series 2013 A-1                                          | CUSIP: 25856MAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $360052.96    | 0.02%             | 2034-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                    | Tennessee Energy Acquisition Corp., Series 2021 A                                                      | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  12865000 | PA      | $13884697.91  | 0.58%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-1, Class A                                       | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2944732 | PA      | $2938266.69   | 0.12%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2025 A                                      | CUSIP: 762244NY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3306874.35   | 0.14%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Broward Hospital District                                                       | South Broward Hospital District, Series 2016                                                           | CUSIP: 836753LY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1155662.43   | 0.05%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach, Series 2025 A                                                                    | CUSIP: 696547HV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3073047.00   | 0.13%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2016 C                                                   | CUSIP: 64987BNR5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1378690.05   | 0.06%             | 2036-11-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| United States of America                                                              | U.S. Treasury Bills                                                                                    | CUSIP: 912797SG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1500000 | PA      | $1487906.75   | 0.06%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2024 A                                                    | CUSIP: 1675934Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2166047.00   | 0.09%             | 2044-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                     | Minnesota Health & Education Facilities Authority, Series 2016 A                                       | CUSIP: 60416H2R4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $515408.55    | 0.02%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2025 A                                      | CUSIP: 762244NU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $379591.63    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                                  | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2024 B                                   | CUSIP: 603827P75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9412669.65   | 0.40%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                            | Chicago Board of Education, Series 2021 A                                                              | CUSIP: 167505XQ4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979124.10    | 0.04%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                  | CUSIP: 65821DYM7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    460000 | PA      | $465380.67    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2014 A                                                   | CUSIP: 64987JY62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015793.10   | 0.04%             | 2042-05-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                | Iowa Finance Authority, Series 2021 A                                                                  | CUSIP: 46247SBM5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $964002.80    | 0.04%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                 | CUSIP: 924166JL6<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    760000 | PA      | $754332.76    | 0.03%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                  | Chicago Midway International Airport, Series 2023 A                                                    | CUSIP: 167562SF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1364084.13   | 0.06%             | 2043-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                | Downtown Revitalization Public Infrastructure District, Series 2025 B                                  | CUSIP: 26118TBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115009.80   | 0.05%             | 2042-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2025 A                                                           | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3287553.90   | 0.14%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                 | CUSIP: 650116GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1853058.55   | 0.08%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority, Series 2019 A                                              | CUSIP: 592647GC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072554.30   | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                 | CUSIP: 14054WBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $803389.04    | 0.03%             | 2040-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                                    | Grays Harbor County Public Hospital District No. 1, Series 2023                                        | CUSIP: 389526AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6420000 | PA      | $7157511.62   | 0.30%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp.                                                  | Texas State Affordable Housing Corp., Series 2023                                                      | CUSIP: 88271FFQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2100316.47   | 0.09%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series 2020 A-1                                 | CUSIP: 13034AW22<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    845000 | PA      | $814145.16    | 0.03%             | 2035-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Texas Community Housing & Economic Development Corp.                                  | Texas Community Housing & Economic Development Corp., Series 2025 A-1                                  | CUSIP: 88231CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3984892.23   | 0.17%             | 2065-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2020 A                                       | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    935000 | PA      | $950879.95    | 0.04%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Caney Independent School District                                                 | New Caney Independent School District, Series 2023                                                     | CUSIP: 643154KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $24234451.40  | 1.02%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Central Ohio Port Authority                                                      | West Central Ohio Port Authority, Series 2025 A                                                        | CUSIP: 95184BAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $750995.89    | 0.03%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2023 C-1                                                 | CUSIP: 64987JG62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013649.60   | 0.04%             | 2043-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                  | MIDA Mountain Village Public Infrastructure District, Series 2024-2                                    | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024492.10   | 0.04%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2024 D                                                                        | CUSIP: 64966SCN4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  16025000 | PA      | $17390669.73  | 0.73%             | 2048-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                         | Florida Housing Finance Corp., Series 2023 B                                                           | CUSIP: 34074HGZ9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008519.20   | 0.08%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey, Series 236th                                                  | CUSIP: 73358XGX4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097393.00   | 0.05%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                               | Dallas Fort Worth International Airport, Series 2025 A-1                                               | CUSIP: 23503CGF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5819041.30   | 0.24%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 B                                                 | CUSIP: 8371516Q7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589981.25   | 0.11%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2024 SSS                                             | CUSIP: 64577XEZ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1224735.02   | 0.05%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2021 A                                                      | CUSIP: 01728LEY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2504140.94   | 0.11%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                      | JEA Water & Sewer System, Series 2025 A                                                                | CUSIP: 46615SGE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3560424.06   | 0.15%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 B                                                 | CUSIP: 8371516N4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044752.30   | 0.04%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                | Downtown Revitalization Public Infrastructure District, Series 2025 B                                  | CUSIP: 26118TBT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084477.20   | 0.05%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 B                                                                       | CUSIP: 364568KZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $428399.28    | 0.02%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2023 C            | CUSIP: 79766DVT3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   8850000 | PA      | $9883050.77   | 0.42%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority, Series 2020 A                                            | CUSIP: 48504NBV0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1653991.11   | 0.07%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2025 A                                                  | CUSIP: 187145VL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3354147.06   | 0.14%             | 2042-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority, Series 2023                                                            | CUSIP: 88277PAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $326485.71    | 0.01%             | 2038-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2021 A                                                      | CUSIP: 01728LEZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8155000 | PA      | $8725284.86   | 0.37%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                                    | County of Clark, Series 2017                                                                           | CUSIP: 181008BE2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2252853.00   | 0.09%             | 2036-01-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2022 B-1                                     | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  14550000 | PA      | $15150653.10  | 0.64%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2019                                                                | CUSIP: 917467BD3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1371096.35   | 0.06%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2015                                     | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16800000 | PA      | $16917443.76  | 0.71%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2025 C-1                                                                      | CUSIP: 64966SHF6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21486646.00  | 0.90%             | 2046-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                                    | Capital Projects Finance Authority, Series 2020 A-1                                                    | CUSIP: 140427BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523726.55    | 0.02%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                              | Broward County Housing Finance Authority, Series 2023                                                  | CUSIP: 115027QZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3996879.20   | 0.17%             | 2041-04-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Alvarado TX                                                                   | City of Alvarado, Series 2025                                                                          | CUSIP: 022360AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    604000 | PA      | $620244.76    | 0.03%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                        | CUSIP: 65000BT32<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    685000 | PA      | $719752.58    | 0.03%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2019                                                    | CUSIP: 13049YDQ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    915000 | PA      | $967521.55    | 0.04%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2022 A                                                                | CUSIP: 12008ETC0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $475729.65    | 0.02%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024 A                                      | CUSIP: 837032BZ3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $11333296.80  | 0.48%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Keizer OR                                                                     | City of Keizer, Series 2008                                                                            | CUSIP: 487595AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145141.69    | 0.01%             | 2031-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2023 A                                                                         | CUSIP: 167486N96<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3126013.20   | 0.13%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority, Series 2024 A                                                           | CUSIP: 66285WR73<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3318846.88   | 0.14%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles Department of Airports                                                             | CUSIP: 544445GX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9630000 | PA      | $9859132.37   | 0.41%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                           | Development Authority of Burke County (The), Series 2013-1                                             | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2506964.25   | 0.11%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2021                                                                  | CUSIP: 74443DGZ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1716229.01   | 0.07%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2022                                     | CUSIP: 70868YAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1791636.17   | 0.08%             | 2036-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                          | CUSIP: 13032USA7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1348277.32   | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                      | CUSIP: 51001QAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154620.38    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                               | CUSIP: 51771FCB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1694365.45   | 0.07%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dripping Springs TX                                                           | City of Dripping Springs, Series 2025                                                                  | CUSIP: 262062AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $314843.73    | 0.01%             | 2035-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                         | CUSIP: 371646AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $891247.20    | 0.04%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                                    | Isle Wight County Industrial Development Authority, Series 2023                                        | CUSIP: 464637AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2949768.80   | 0.12%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                | CUSIP: 917467CB6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    400000 | PA      | $390697.24    | 0.02%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                               | CUSIP: 499526AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $485223.66    | 0.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2024 A-2                                                 | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4009192.00   | 0.17%             | 2054-06-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| St Paul Port Authority                                                                | St. Paul Port Authority, Series 2023-4                                                                 | CUSIP: 79308GAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038416.30   | 0.04%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                          | City & County of Honolulu, Series 2023                                                                 | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5051686.00   | 0.21%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 A                                                                | CUSIP: 74442EEG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1436604.47   | 0.06%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                                   | County of Denton, Series 2025                                                                          | CUSIP: 24880GAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1718609.95   | 0.07%             | 2045-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2024 DD                                                      | CUSIP: 13034DAT1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6314118.44   | 0.27%             | 2037-11-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                                 | Chicago Park District, Series 2024 A                                                                   | CUSIP: 1676154K6<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555193.25   | 0.07%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2017 A                                                              | CUSIP: 917467AF9<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2215171.06   | 0.09%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                             | Glendale Industrial Development Authority, Series 2016                                                 | CUSIP: 378287AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984430.00    | 0.04%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                         | King County Housing Authority, Series 2025                                                             | CUSIP: 494759TA1<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    540000 | PA      | $567163.40    | 0.02%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                | CUSIP: 59447NAX4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $543506.20    | 0.02%             | 2040-02-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                      | CUSIP: 51001QAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $182339.92    | 0.01%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2025 A                                             | CUSIP: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2293510.50   | 0.10%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2024 A                                                 | CUSIP: 62620HJV5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1107875.48   | 0.05%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority, Series 2023 A                                          | CUSIP: 64613CCU0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047563.80   | 0.09%             | 2040-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Austin-Bergstrom Landhost Enterprises, Inc.                                           | Austin-Bergstrom Landhost Enterprises, Inc., Series 2017                                               | CUSIP: 052193AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1513313.90   | 0.06%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                           | Washington Health Care Facilities Authority, Series 2019 A-2                                           | CUSIP: 93978HWK7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1155865.49   | 0.05%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                    | Tennessee Energy Acquisition Corp., Series 2025 A                                                      | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  23250000 | PA      | $25326490.05  | 1.07%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                      | St. Johns County Industrial Development Authority, Series 2021 A                                       | CUSIP: 79041LAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $190925.03    | 0.01%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2025                                                                | CUSIP: 45204FZN8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9829013.76   | 0.41%             | 2035-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No. 230 Spring Hills                 | Johnson & Miami Counties, Series 2025                                                                  | CUSIP: 478164LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1815942.24   | 0.08%             | 2044-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Village of Romeoville IL                                                              | Village of Romeoville, Series 2015                                                                     | CUSIP: 77615NAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $975373.91    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                                | New York State Energy Research & Development Authority, Series 2004 C                                  | CUSIP: 649845HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3819430.08   | 0.16%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                           | California Educational Facilities Authority, Series 2015                                               | CUSIP: 130179YB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155000.00    | 0.01%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                                        | Empire State Development Corp., Series 2023 A                                                          | CUSIP: 64985TEL1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5332015.50   | 0.22%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 B                      | CUSIP: 60636AWP4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1229558.98   | 0.05%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series F                                  | CUSIP: 20774YW29<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251595.33    | 0.01%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                   | Atlanta Development Authority (The), Series 2025 A                                                     | CUSIP: 04777LDS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $755938.58    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No. 230 Spring Hills                 | Johnson & Miami Counties, Series 2025                                                                  | CUSIP: 478164LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1894580.49   | 0.08%             | 2045-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Del Webb River Reserve Community Development District                                 | Del Webb River Reserve Community Development District, Series 2025                                     | CUSIP: 24550CAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $893275.12    | 0.04%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                          | Los Angeles Department of Water & Power, Series 2022 C                                                 | CUSIP: 544525M39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3925000 | PA      | $4157761.14   | 0.17%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                           | County of Broward, Series 2019 A                                                                       | CUSIP: 114894YM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1582990.80   | 0.07%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                      | CUSIP: 51001QAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211922.76    | 0.01%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial County Local Transportation Authority                                        | Imperial County Local Transportation Authority, Series 2022 E                                          | CUSIP: 45272EFL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1253224.29   | 0.05%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2013 F                                  | CUSIP: 13079PUQ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10599789.00  | 0.45%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Peace Creek Village Community Development District                                    | Peace Creek Village Community Development District, Series 2024                                        | CUSIP: 70459CAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510186.40    | 0.02%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                             | Harris County Cultural Education Facilities Finance Corp., Series 2013 A                               | CUSIP: 414009FA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $510125.93    | 0.02%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series 2024 A                                   | CUSIP: 13034A5J5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050215.80   | 0.09%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tomball Independent School District                                                   | Tomball Independent School District, Series 2025                                                       | CUSIP: 8898552M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2334387.51   | 0.10%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 818                             | City of Las Vegas, Series 2024                                                                         | CUSIP: 51779DAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038349.20   | 0.04%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bastrop TX                                                                    | City of Bastrop, Series 2025                                                                           | CUSIP: 070341AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    898000 | PA      | $907840.73    | 0.04%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2025 A                                                               | CUSIP: 45471GAX7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1626185.85   | 0.07%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                | Ohio Air Quality Development Authority, Series 2022 B                                                  | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3300553.75   | 0.14%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2017 A-1                                                                      | CUSIP: 64966MFH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515370.80   | 0.06%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 A                                                                | CUSIP: 74439YBV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009777.80   | 0.04%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 B                                                                | CUSIP: 74439YFX4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $301451.07    | 0.01%             | 2035-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                  | CUSIP: 57585BHZ4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1200573.44   | 0.05%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FW Chaparral PFC                                                                      | FW Chaparral PFC, Series 2025                                                                          | CUSIP: 302701AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6221207.50   | 0.26%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                                | University of Illinois, Series 2023                                                                    | CUSIP: 9143537L5<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    605000 | PA      | $674875.08    | 0.03%             | 2040-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2023 A                                                                | CUSIP: 12008EUF1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    960000 | PA      | $962164.90    | 0.04%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                              | Cleveland-Cuyahoga County Port Authority, Series 2018                                                  | CUSIP: 18610PAT5<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3548001.29   | 0.15%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                   | U.S. Treasury Ultra Bonds                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -656 | NC      | $-1409711.75  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| City of St Louis MO Airport Revenue                                                   | City of St. Louis, Series 2022 A                                                                       | CUSIP: 791638N39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1546680.99   | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series M                                  | CUSIP: 20775DPE6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1527714.58   | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palermo Community Development District                                                | Palermo Community Development District, Series 2025                                                    | CUSIP: 696280AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255493.55    | 0.01%             | 2032-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2016 C                                                              | CUSIP: 45204FN76<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    185000 | PA      | $190603.17    | 0.01%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                                 | Fort Bend Independent School District, Series 2021 B                                                   | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $776801.34    | 0.03%             | 2051-08-01      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2022 A            | CUSIP: 79766DUD9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088094.90   | 0.05%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2017                                                                | CUSIP: 594479DB0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1157938.84   | 0.05%             | 2032-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                          | CUSIP: 22500PAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1474151.71   | 0.06%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                            | Capital Trust Agency, Inc., Series 2021 A-1                                                            | CUSIP: 14052WDS3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    440000 | PA      | $414694.90    | 0.02%             | 2031-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                          | Salt River Project Agricultural Improvement & Power District, Series 2025 A                            | CUSIP: 79574CFC2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10892284.00  | 0.46%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                         | CUSIP: 788550MN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $271075.25    | 0.01%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 B                                                                       | CUSIP: 364568LA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530537.20    | 0.02%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2024 A                                                 | CUSIP: 62620HJZ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   8130000 | PA      | $8546938.92   | 0.36%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2016 A                                                 | CUSIP: 837151PS2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514579.85   | 0.06%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2025 A                                                      | CUSIP: 64990AXX8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4465000 | PA      | $4769008.01   | 0.20%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023                                               | CUSIP: 93978LGL4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    735000 | PA      | $800415.88    | 0.03%             | 2033-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                          | CUSIP: 13032USG4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1542580.45   | 0.06%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2025                                                  | CUSIP: 63607EAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1796557.79   | 0.08%             | 2045-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2023                                             | CUSIP: 92708KAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1025944.52   | 0.04%             | 2033-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2025 E                                                                         | CUSIP: 167486W70<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135735.40   | 0.09%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ranches at Lake Mcleod Community Development District                                 | Ranches at Lake Mcleod Community Development District, Series 2025                                     | CUSIP: 752041AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $608783.04    | 0.03%             | 2045-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                       | Texas Department of Housing & Community Affairs, Series 2018                                           | CUSIP: 88275ADN7<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2725696 | PA      | $2717238.16   | 0.11%             | 2034-09-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2025 E                                                                         | CUSIP: 167486W47<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1904614.60   | 0.08%             | 2042-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2025                                                       | CUSIP: 51265KGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $587346.37    | 0.02%             | 2045-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Beaumont Housing Authority                                                            | Beaumont Housing Authority, Series 2025 A                                                              | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4303010.84   | 0.18%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2016 C                                                              | CUSIP: 45204FP58<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    915000 | PA      | $936937.67    | 0.04%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2019 A                                                | CUSIP: 04052FAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2821743.52   | 0.12%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico, Series 2022 A-1                                                           | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2400000 | PA      | $2374313.28   | 0.10%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                        | CUSIP: 83704HAC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209686.30    | 0.01%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue                   | Metropolitan Washington Airports Authority, Series 2019 B                                              | CUSIP: 592643DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $612456.57    | 0.03%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                       | DeKalb County Housing Authority, Series 2024                                                           | CUSIP: 240471PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16088433.60  | 0.68%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                                   | Prosper Independent School District, Series 2019 B                                                     | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013571.20   | 0.08%             | 2050-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                                | City of San Antonio, Series 2024                                                                       | CUSIP: 79623PRK3<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2685669.00   | 0.11%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                           | California Enterprise Development Authority, Series 2020 A                                             | CUSIP: 13069BAH9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156147.35    | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                         | Florida Housing Finance Corp., Series 2024 B                                                           | CUSIP: 34074HHA3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2250538.20   | 0.09%             | 2027-10-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                             | University of Connecticut, Series 2023 A                                                               | CUSIP: 914225JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3284488.20   | 0.14%             | 2053-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2022 B                                                       | CUSIP: 34061UJR0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    285000 | PA      | $297623.56    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2023 A-2                                               | CUSIP: 64972E4M8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10004363.00  | 0.42%             | 2063-05-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                | CUSIP: 917467BW1<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    460000 | PA      | $462950.62    | 0.02%             | 2031-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                           | County of Broward, Series 2015 A                                                                       | CUSIP: 114894WF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001930.60   | 0.08%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2021                                          | CUSIP: 734195BR0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    690000 | PA      | $652026.47    | 0.03%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 A-1                                                              | CUSIP: 74441XJJ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4085000 | PA      | $4168004.34   | 0.18%             | 2060-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024                                                    | CUSIP: 187145TL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $797013.00    | 0.03%             | 2044-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                      | California Pollution Control Financing Authority, Series 2020                                          | CUSIP: 13055JAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055773.30   | 0.13%             | 2040-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2022 B                                                                         | CUSIP: 735389V62<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1863397.03   | 0.08%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The), Series 2022 B                                          | CUSIP: 592190QR6<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    650000 | PA      | $730928.12    | 0.03%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2020 A                                                | CUSIP: 63607YAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1035625.50   | 0.04%             | 2030-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp.                                               | Dutchess County Local Development Corp., Series 2018                                                   | CUSIP: 267045KQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520111.30    | 0.02%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                                     | Hutto Independent School District, Series 2023                                                         | CUSIP: 4484924S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083165.50   | 0.05%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas, Series 2017                                                                            | CUSIP: 882724EP8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2141578.69   | 0.09%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd      | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2019 | CUSIP: 592029AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $465011.91    | 0.02%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                                 | Mansfield Independent School District, Series 2025                                                     | CUSIP: 564386VH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2041914.42   | 0.09%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2020 B                                               | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3037812.00   | 0.13%             | 2034-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp., Series 2018 B-1                                  | CUSIP: 64542YBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $878664.24    | 0.04%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2021 A                                                             | CUSIP: 682001GZ9<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5160690.00   | 0.22%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                | Iowa Finance Authority, Series 2025                                                                    | CUSIP: 46247CCZ0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    750000 | PA      | $757411.20    | 0.03%             | 2035-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                  | CUSIP: 57585BJD1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1286600.96   | 0.05%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                      | CUSIP: 60636AVQ3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1784329.40   | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2020 I-1                                               | CUSIP: 64972ETS8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   6255000 | PA      | $4565742.80   | 0.19%             | 2045-11-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2025 C                                       | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  19065000 | PA      | $20530955.51  | 0.86%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                       | CUSIP: 84136HAC7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    750000 | PA      | $789729.23    | 0.03%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Putnam Tax Free Income Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer