# EDGAR Filing Document

**Accession Number:** 0000711600
**File Stem:** 0001410368-26-040957
**Filing Date:** 2026-4
**Character Count:** 201795
**Document Hash:** e20c048ebdbfbe9621cce3c11ba8d9b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040957.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001410368-26-040957

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000711600

**ORGANIZATION NAME:**
- **EIN:** 042782118
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03632
- **FILM NUMBER:** 26900724

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW  YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW  YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS TAX FREE TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19930909

## Series and Classes Contracts Data

### DWS Intermediate Tax-Free Fund (Series ID: S000006133)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000016867 | Class A             | SZMAX           |
| C000016870 | Class C             | SZMCX           |
| C000016871 | Class S             | SCMTX           |
| C000016872 | Institutional Class | SZMIX           |

## Nport-Ex

Investment Portfolio**as of February 28, 2026 (Unaudited)** 

**DWS Intermediate Tax-Free Fund** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Municipal Investments 100.4%** | **Municipal Investments 100.4%** |  |
| **Alabama 4.8%** | **Alabama 4.8%** |  |
| Alabama, Black Belt Energy Gas District Gas Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D-1, 4.0%, Mandatory Put 6/1/2027 @ 100, 7/1/2052, GTY: Royal Bank of <br> Canada, LIQ: Royal Bank of Canada <br>| 1335000 | &nbsp;&nbsp; 1355197 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, Mandatory Put 11/1/2034 @ 100, 3/1/2055, GTY: BP PLC  | 3000000 | &nbsp;&nbsp; 3311792 |
| &nbsp;&nbsp;&nbsp; Alabama, Energy Authority Commodity Supply Revenue Project 4, Series F, 5.25%, <br> Mandatory Put 11/1/2035 @ 100, 11/1/2055, GTY: BP PLC <br>| 2500000 | &nbsp;&nbsp; 2816012 |
| Alabama, Highway Authority Revenue, 5.0%, 9/1/2044, INS: AG  | 2000000 | &nbsp;&nbsp; 2221941 |
| Jefferson County, AL, Sewer Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/1/2040  | 3000000 | &nbsp;&nbsp; 3356677 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/1/2041  | 1500000 | &nbsp;&nbsp; 1678001 |
| Southeast Alabama, Energy Authority A Cooperative District: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B-1, 5.0%, Mandatory Put 8/1/2028 @ 100, 5/1/2053, GTY: Goldman Sachs <br> Group, Inc. <br>| 3635000 | &nbsp;&nbsp; 3820988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, 5.0%, Mandatory Put 6/1/2030 @ 100, 1/1/2054, GTY: Royal Bank of <br> Canada, LIQ: Royal Bank of Canada <br>| 8490000 | &nbsp;&nbsp; 9137543 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.5%, Mandatory Put 1/1/2031 @ 100, 11/1/2053, GTY: Morgan Stanley  | 6000000 | &nbsp;&nbsp; 6608469 |
|  |  | &nbsp;&nbsp; **34306620** |
| **Alaska 0.2%** | **Alaska 0.2%** |  |
| Alaska, Alaska Railroad Corp., Revenue, AMT, 5.5%, 10/1/2042, INS: AG  | 1000000 | &nbsp;&nbsp; **1111630** |
| **Arizona 3.7%** | **Arizona 3.7%** |  |
| &nbsp;&nbsp;&nbsp; Arizona, Chandler Industrial Development Authority, Intel Corp., 3.8%, Mandatory Put <br> 6/15/2028 @ 100, 12/1/2035 <br>| 3000000 | &nbsp;&nbsp; 3060232 |
| &nbsp;&nbsp;&nbsp; Arizona, Industrial Development Authority, Authority Hospital Revenue Bond, Phoenix <br> Childrens Hospital, Series A, 5.0%, 2/1/2030 <br>| 600000 | &nbsp;&nbsp; 659243 |
| &nbsp;&nbsp;&nbsp; Arizona, Salt River Project Agricultural Improvement and Power District, Electric <br> System Revenue, Series A, 5.0%, 1/1/2042 <br>| 2640000 | &nbsp;&nbsp; 2982163 |
| &nbsp;&nbsp;&nbsp; Arizona, State Industrial Development Authority Revenue, "A", Series 2019-2, 3.625%, <br> 5/20/2033 <br>| 3899361 | &nbsp;&nbsp; 3982470 |
| &nbsp;&nbsp;&nbsp; Arizona, State Industrial Development Authority, Education Revenue, Odyssey <br> Preparatory Academy Project, 144A, 4.375%, 7/1/2039 <br>| 1500000 | &nbsp;&nbsp; 1428553 |
| &nbsp;&nbsp;&nbsp; Arizona, Yuma Industrial Development Authority Revenue, Regional Medical Center <br> Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 8/1/2042, INS: AG  | 1500000 | &nbsp;&nbsp; 1683720 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 8/1/2044, INS: AG  | 3000000 | &nbsp;&nbsp; 3296472 |
| &nbsp;&nbsp;&nbsp; Maricopa County, AZ, Industrial Development Authority, Education Revenue, Legacy <br> Traditional Schools Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.0%, 7/1/2034  | 3635000 | &nbsp;&nbsp; 3661515 |
| &nbsp;&nbsp;&nbsp; Series B, 144A, 5.0%, 7/1/2039  | 1000000 | &nbsp;&nbsp; 1025169 |
| Maricopa County, AZ, Industrial Development Authority, Hospital Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 12/1/2039  | 1445000 | &nbsp;&nbsp; 1619259 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 12/1/2040  | 1500000 | &nbsp;&nbsp; 1671072 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 12/1/2041  | 1000000 | &nbsp;&nbsp; 1111689 |
|  |  | &nbsp;&nbsp; **26181557** |

---

------

---

| | | |
|:---|:---|:---|
| **California 6.7%** | **California 6.7%** |  |
| &nbsp;&nbsp;&nbsp; Anaheim, CA, Housing & Public Improvements Authority, Electric Utility Distribution <br> System:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series E, 5.0%, 10/1/2028  | 1000000 | &nbsp;&nbsp; 1049710 |
| &nbsp;&nbsp;&nbsp; Series E, 5.0%, 10/1/2029  | 1000000 | &nbsp;&nbsp; 1048821 |
| &nbsp;&nbsp;&nbsp; California, Antelope Valley Community College District, General Obligation, 5.0%, <br> 8/1/2044 (a)<br>| 1675000 | &nbsp;&nbsp; 1830265 |
| California, Bay Area Toll Authority, Toll Bridge Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D, SIFMA Municipal Swap Index + 0.3%, 2.18% (b), Mandatory Put 4/1/2027 <br> @ 100, 4/1/2056 <br>| 3000000 | &nbsp;&nbsp; 2979027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, SIFMA Municipal Swap Index + 0.45%, 2.33% (b), Mandatory Put <br> 4/1/2026 @ 100, 4/1/2056 <br>| 1000000 | &nbsp;&nbsp; 999615 |
| &nbsp;&nbsp;&nbsp; California, Federal Home Loan Mortgage Corp., Multi-Family Variable Rate <br> Certificates, "A", Series M-050, 144A, AMT, 3.05%, 6/15/2037 <br>| 5755000 | &nbsp;&nbsp; 5300606 |
| &nbsp;&nbsp;&nbsp; California, Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-1, <br> Prerefunded, 5.0%, 6/1/2032 <br>| 5000000 | &nbsp;&nbsp; 5349982 |
| &nbsp;&nbsp;&nbsp; California, State Housing Finance Agency, Multi-Family Green Tax-Exempt Mortgage <br> Backed Bonds, Noble Towers Apartment, Series N, 2.35%, 12/1/2035 <br>| 8969779 | &nbsp;&nbsp; 8007488 |
| California, University of California Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series AL-1, 1.2% (c), 3/2/2026  | 1500000 | &nbsp;&nbsp; 1500000 |
| &nbsp;&nbsp;&nbsp; Series BS, 5.0%, 5/15/2041  | 2000000 | &nbsp;&nbsp; 2271165 |
| Los Angeles, CA, Department of Water & Power Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2041  | 2750000 | &nbsp;&nbsp; 3065418 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 7/1/2044, INS: BAM  | 1000000 | &nbsp;&nbsp; 1119849 |
| &nbsp;&nbsp;&nbsp; Los Angeles, CA, Department of Airports Revenue, Los Angeles International Airport, <br> Series H, AMT, 5.5%, 5/15/2037 <br>| 4985000 | &nbsp;&nbsp; 5633661 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County, CA, Airports Commission, International Airport Revenue, <br> Series A, AMT, 5.0%, 5/1/2035 <br>| 7000000 | &nbsp;&nbsp; 7468470 |
|  |  | &nbsp;&nbsp; **47624077** |
| **Colorado 3.8%** | **Colorado 3.8%** |  |
| Colorado, Bridge & Tunnel Enterprise Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2041, INS: AG  | 1075000 | &nbsp;&nbsp; 1216069 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2042, INS: AG  | 1525000 | &nbsp;&nbsp; 1705855 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 12/1/2044, INS: AG  | 1000000 | &nbsp;&nbsp; 1111571 |
| &nbsp;&nbsp;&nbsp; Colorado, General Obligation, Vauxmont Metropolitan District, 3.25%, 12/15/2050, <br> INS: AG <br>| 938000 | &nbsp;&nbsp; 811676 |
| Colorado, Grand River Hospital District, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; 6.0%, 12/1/2043, INS: AG  | 750000 | &nbsp;&nbsp; 886010 |
| &nbsp;&nbsp;&nbsp; 6.0%, 12/1/2044, INS: AG  | 700000 | &nbsp;&nbsp; 819476 |
| &nbsp;&nbsp;&nbsp; 6.0%, 12/1/2045, INS: AG  | 670000 | &nbsp;&nbsp; 775650 |
| &nbsp;&nbsp;&nbsp; Colorado, Health Facilities Authority Revenue, AdventHealth Obligated Group, <br> Series A, 5.0%, Mandatory Put 11/15/2029 @ 100, 11/15/2059 <br>| 1000000 | &nbsp;&nbsp; 1091856 |
| Colorado, State Housing & Finance Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; "III", Series H, 4.25%, 11/1/2049  | 660000 | &nbsp;&nbsp; 671733 |
| &nbsp;&nbsp;&nbsp; "III", Series L, 5.75%, 11/1/2053  | 3860000 | &nbsp;&nbsp; 4179221 |
| Denver City & County, CO, Airport System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 12/1/2035  | 10000000 | &nbsp;&nbsp; 10584852 |
| &nbsp;&nbsp;&nbsp; Series D, AMT, 5.75%, 11/15/2037  | 1375000 | &nbsp;&nbsp; 1595306 |
| Denver, CO, Convention Center Hotel Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2027  | 500000 | &nbsp;&nbsp; 506916 |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2033  | 500000 | &nbsp;&nbsp; 505774 |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2034  | 1000000 | &nbsp;&nbsp; 1010619 |
|  |  | &nbsp;&nbsp; **27472584** |
| **Connecticut 1.8%** | **Connecticut 1.8%** |  |
| Connecticut, State General Obligation, Series B, 3.0%, 6/1/2037  | 1075000 | &nbsp;&nbsp; 1051377 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Connecticut, State Health & Educational Facilities Authority Revenue, Hartford <br> HealthCare Obligated Group, Series A, 5.0%, 7/1/2045 <br>| 3000000 | &nbsp;&nbsp; 3217268 |
| &nbsp;&nbsp;&nbsp; Connecticut, State Health & Educational Facilities Authority Revenue, Yale-New Haven <br> Health Obligated Group, Series B, 5.0%, Mandatory Put 7/1/2029 @ 100, 7/1/2049 <br>| 1000000 | &nbsp;&nbsp; 1079135 |
| Connecticut, State Housing Finance Program Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.0%, 11/15/2047  | 175000 | &nbsp;&nbsp; 175591 |
| &nbsp;&nbsp;&nbsp; Series D, 6.25%, 5/15/2054  | 1705000 | &nbsp;&nbsp; 1872984 |
| &nbsp;&nbsp;&nbsp; Connecticut, State Special Tax Obligation Revenue, Transportation Infrastructure <br> Purpose:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2038  | 1565000 | &nbsp;&nbsp; 1769541 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2043  | 3000000 | &nbsp;&nbsp; 3390166 |
|  |  | &nbsp;&nbsp; **12556062** |
| **Florida 5.3%** | **Florida 5.3%** |  |
| Broward County, FL, Airport System Revenue, Series A, AMT, 5.0%, 10/1/2037  | 2365000 | &nbsp;&nbsp; 2499585 |
| &nbsp;&nbsp;&nbsp; Central Florida, Tourism Oversight District, Reedy Creek Improvement District, <br> Series A, 4.0%, 6/1/2032 <br>| 1500000 | &nbsp;&nbsp; 1526059 |
| &nbsp;&nbsp;&nbsp; Escambia County, FL, Housing Finance Authority Single Family Mortgage Revenue, <br> County Program, Series A, 4.75%, 4/1/2050 <br>| 1255000 | &nbsp;&nbsp; 1267691 |
| &nbsp;&nbsp;&nbsp; Florida, Capital Project Finance Authority, Student Housing Revenue, Series A-1, 5.0%, <br> 10/1/2029 <br>| 1650000 | &nbsp;&nbsp; 1755403 |
| &nbsp;&nbsp;&nbsp; Florida, Capital Trust Agency, Educational Growth Fund, Charter Educational <br> Foundation Project, Series A-1, 144A, 3.375%, 7/1/2031 <br>| 1650000 | &nbsp;&nbsp; 1613521 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., Educational Facilities Revenue, Mater Academy <br> Projects:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 11/15/2030  | 645000 | &nbsp;&nbsp; 636683 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 6/15/2035  | 1000000 | &nbsp;&nbsp; 1015884 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., AAF Operations Holdings LLC, 144A, AMT, <br> 12.0% (d), Mandatory Put 7/15/2028 @ 109, 7/15/2032 <br>| 2085000 | &nbsp;&nbsp; 729750 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., Brightline Trains Florida LLC, AMT, 5.0%, <br> 7/1/2041 <br>| 3000000 | &nbsp;&nbsp; 2235000 |
| &nbsp;&nbsp;&nbsp; Florida, Development Finance Corp., Health Sciences Center Inc. Obligated Group, <br> Series A, 5.0%, 8/1/2041 <br>| 1000000 | &nbsp;&nbsp; 1085002 |
| &nbsp;&nbsp;&nbsp; Florida, Higher Educational Facilities Financial Authority Revenue, Keiser University <br> Obligated Group, 144A, 5.0%, 7/1/2035 <br>| 4000000 | &nbsp;&nbsp; 4122788 |
| Florida, Village Community Development District No. 15, Special Assessment Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.2%, 5/1/2039  | 2245000 | &nbsp;&nbsp; 2275653 |
| &nbsp;&nbsp;&nbsp; 144A, 4.85%, 5/1/2038  | 980000 | &nbsp;&nbsp; 1029941 |
| Jacksonville, FL, Special Revenue, Series C, 5.25%, 10/1/2036  | 5000000 | &nbsp;&nbsp; 5762312 |
| &nbsp;&nbsp;&nbsp; Lake County, FL, Educational Facilities Revenue, Imagine South Lake Charter School <br> Project, Series A, 144A, 5.0%, 1/15/2029 <br>| 325000 | &nbsp;&nbsp; 327163 |
| Lee County, FL, Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 10/1/2045 (a) | 570000 | &nbsp;&nbsp; 625835 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 10/1/2046 (a) | 490000 | &nbsp;&nbsp; 531235 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 10/1/2047 (a) | 1000000 | &nbsp;&nbsp; 1072353 |
| Miami-Dade County, FL, Seaport Revenue, Series A, AMT, 5.0%, 10/1/2040  | 2250000 | &nbsp;&nbsp; 2411321 |
| Miami-Dade County, FL, Water & Sewer System Revenue, Series A, 5.0%, 10/1/2048  | 750000 | &nbsp;&nbsp; 790121 |
| Osceola County, FL, Transportation Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-2, Zero Coupon, 10/1/2040  | 4650000 | &nbsp;&nbsp; 2541120 |
| &nbsp;&nbsp;&nbsp; Series A-2, Zero Coupon, 10/1/2041  | 2500000 | &nbsp;&nbsp; 1281839 |
| &nbsp;&nbsp;&nbsp; Village, FL, Community Development District No. 13, Special Assessment Revenue, <br> 3.0%, 5/1/2029 <br>| 760000 | &nbsp;&nbsp; 760779 |
|  |  | &nbsp;&nbsp; **37897038** |
| **Georgia 5.3%** | **Georgia 5.3%** |  |
| Atlanta, GA, Development Authority Tax Allocation, Series A, 144A, 5.0%, 4/1/2034  | 1000000 | &nbsp;&nbsp; 1042459 |
| Atlanta, GA, Water & Wastewater Revenue, Series B, 5.25%, 11/1/2027, INS: AG  | 6815000 | &nbsp;&nbsp; 7057824 |
| &nbsp;&nbsp;&nbsp; Carroll City & County, GA, State Hospital Authority Revenue, Tanner Medical Center <br> Obligated Group, 5.0%, 7/1/2041 <br>| 1400000 | &nbsp;&nbsp; 1573741 |

---

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| | | |
|:---|:---|:---|
| Cobb County, GA, Kennestone Hospital Authority, Wellstar Health System, Inc. Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 4/1/2032  | 200000 | &nbsp;&nbsp; 210130 |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 4/1/2033  | 200000 | &nbsp;&nbsp; 209334 |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 4/1/2034  | 250000 | &nbsp;&nbsp; 260664 |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 4/1/2035  | 225000 | &nbsp;&nbsp; 233605 |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 4/1/2036  | 250000 | &nbsp;&nbsp; 257557 |
| &nbsp;&nbsp;&nbsp; Georgia, Gainesville & Hall County Hospital Authority Revenue, Northeast Georgia <br> Health System Obligated Group, 5.0%, 10/15/2030 <br>| 1375000 | &nbsp;&nbsp; 1530028 |
| &nbsp;&nbsp;&nbsp; Georgia, George L Smith II World Congress Center Authority, Convention Center Hotel <br> Second Tier Revenue, Series B, 144A, 5.0%, 1/1/2036 <br>| 1250000 | &nbsp;&nbsp; 1298733 |
| Georgia, Main Street Natural Gas, Inc., Gas Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 4.0%, Mandatory Put 12/1/2028 @ 100, 5/1/2052, GTY: Citigroup, Inc.  | 10000000 | &nbsp;&nbsp; 10298952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, 5.0%, Mandatory Put 9/1/2030 @ 100, 9/1/2053, GTY: Royal Bank of <br> Canada <br>| 1155000 | &nbsp;&nbsp; 1247433 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, Mandatory Put 4/1/2031 @ 100, 4/1/2054, GTY: TD Bank NA  | 2000000 | &nbsp;&nbsp; 2179225 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, Mandatory Put 6/1/2032 @ 100, 6/1/2055, GTY: TD Bank NA  | 1500000 | &nbsp;&nbsp; 1647773 |
| &nbsp;&nbsp;&nbsp; Georgia, Main Street Natural Gas, Inc., Gas Supply Revenue, Series A, 5.0%, 5/15/2035, <br> GTY: Macquarie Group Ltd. <br>| 3135000 | &nbsp;&nbsp; 3520636 |
| &nbsp;&nbsp;&nbsp; Georgia, Metropolitan Atlanta Rapid Transit Authority Revenue, Series A, 5.0%, <br> 7/1/2043 <br>| 2665000 | &nbsp;&nbsp; 2983539 |
| &nbsp;&nbsp;&nbsp; Georgia, Paulding County Hospital Authority Revenue, WellStar Health System <br> Obligated Group, Series A, 5.0%, 4/1/2043 <br>| 2065000 | &nbsp;&nbsp; 2194119 |
|  |  | &nbsp;&nbsp; **37745752** |
| **Idaho 0.0%** | **Idaho 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Idaho, State Health Facilities Authority Revenue, St Luke's Health System Ltd. <br> Obligated Group, Series C, 1.95% (c), 3/2/2026, LOC: U.S. Bank NA <br>| 195000 | &nbsp;&nbsp; **195000** |
| **Illinois 5.0%** | **Illinois 5.0%** |  |
| &nbsp;&nbsp;&nbsp; Chicago, IL, Midway International Airport Revenue, Series A, AMT, 5.75%, 1/1/2041, <br> INS: BAM <br>| 1000000 | &nbsp;&nbsp; 1130171 |
| Chicago, IL, O'Hare International Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.0%, 1/1/2035  | 715000 | &nbsp;&nbsp; 788132 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.0%, 1/1/2036  | 500000 | &nbsp;&nbsp; 547994 |
| &nbsp;&nbsp;&nbsp; 5.25%, 1/1/2039, INS: BAM  | 825000 | &nbsp;&nbsp; 922895 |
| &nbsp;&nbsp;&nbsp; 5.25%, 1/1/2040, INS: BAM  | 1130000 | &nbsp;&nbsp; 1250907 |
| &nbsp;&nbsp;&nbsp; Chicago, IL, O'Hare International Airport Revenue, Senior Lien, Series A, AMT, 5.0%, <br> 1/1/2036 <br>| 2500000 | &nbsp;&nbsp; 2622655 |
| &nbsp;&nbsp;&nbsp; Dupage County, IL, School District No. 58 Downers Grove, General Obligation, 5.5%, <br> 12/15/2042 <br>| 3000000 | &nbsp;&nbsp; 3438551 |
| Illinois, Elmhurst Park District, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/15/2043  | 1000000 | &nbsp;&nbsp; 1089049 |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/15/2044  | 1250000 | &nbsp;&nbsp; 1350638 |
| Illinois, Housing Development Authority Revenue, Series K, 6.25%, 10/1/2053  | 4250000 | &nbsp;&nbsp; 4802338 |
| &nbsp;&nbsp;&nbsp; Illinois, Metropolitan Water Reclamation District of Greater Chicago, General <br> Obligation, Series A, 5.0%, 12/1/2042 <br>| 2500000 | &nbsp;&nbsp; 2791998 |
| Illinois, Sales Tax Securitization Corp. Revenue, Series A, 5.0%, 1/1/2042  | 2000000 | &nbsp;&nbsp; 2199024 |
| &nbsp;&nbsp;&nbsp; Illinois, State Development Authority Revenue, Madison County Community Unit <br> School District No. 2 Triad, Series B, 5.5%, 4/1/2043, INS: BAM <br>| 3910000 | &nbsp;&nbsp; 4398485 |
| &nbsp;&nbsp;&nbsp; Illinois, State Finance Authority Revenue, University of Chicago, Series A, 5.25%, <br> 4/1/2045 <br>| 1000000 | &nbsp;&nbsp; 1088448 |
| Illinois, State General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 5/1/2028  | 1000000 | &nbsp;&nbsp; 1055561 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 10/1/2037  | 2000000 | &nbsp;&nbsp; 2238690 |
| &nbsp;&nbsp;&nbsp; Series C, 5.5%, 10/1/2039  | 2000000 | &nbsp;&nbsp; 2242825 |
| &nbsp;&nbsp;&nbsp; Illinois, State O'Hare International Airport Revenue, TrIPs Obligated Group, AMT, <br> 5.5%, 7/1/2041 <br>| 1600000 | &nbsp;&nbsp; 1807396 |
|  |  | &nbsp;&nbsp; **35765757** |

---

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| | | |
|:---|:---|:---|
| **Indiana 2.1%** | **Indiana 2.1%** |  |
| &nbsp;&nbsp;&nbsp; Indiana, Finance Authority Revenue, Deaconess Health System, Series B, SIFMA <br> Municipal Swap Index + 0.3%, 2.18% (b), Mandatory Put 3/1/2027 @ 100, 3/1/2039 <br>| 2025000 | &nbsp;&nbsp; 2017703 |
| &nbsp;&nbsp;&nbsp; Indiana, State Finance Authority Revenue, BHI Senior Living Obligated Group, 5.0%, <br> 11/15/2033 <br>| 2000000 | &nbsp;&nbsp; 2062227 |
| &nbsp;&nbsp;&nbsp; Indiana, State Finance Authority Revenue, Methodist Hospitals, Inc. Obligated Group, <br> Series A, 5.5%, 9/15/2039 <br>| 1070000 | &nbsp;&nbsp; 1169742 |
| Indiana, State Finance Authority, CWA Authority Inc., Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2040  | 1000000 | &nbsp;&nbsp; 1134301 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2041  | 1000000 | &nbsp;&nbsp; 1130607 |
| &nbsp;&nbsp;&nbsp; Indiana, Westfield-Washington Multi-School Building Corp. Revenue, Series A, 5.25%, <br> 7/15/2041, INS: BAM <br>| 1700000 | &nbsp;&nbsp; 1921573 |
| Indianapolis, IN, Local Public Improvement Bond Bank, Airport Authority Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series I2, AMT, 5.0%, 1/1/2030  | 1500000 | &nbsp;&nbsp; 1629058 |
| &nbsp;&nbsp;&nbsp; Series G-2, AMT, 5.25%, 1/1/2037  | 1700000 | &nbsp;&nbsp; 1882415 |
| &nbsp;&nbsp;&nbsp; Series E, 5.5%, 3/1/2038  | 2000000 | &nbsp;&nbsp; 2208892 |
|  |  | &nbsp;&nbsp; **15156518** |
| **Iowa 0.5%** | **Iowa 0.5%** |  |
| Iowa, State Finance Authority Revenue, Lifespace Communities, Inc. Obligated Group: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 5/15/2039  | 2000000 | &nbsp;&nbsp; 2125415 |
| &nbsp;&nbsp;&nbsp; Series B, 6.6%, 5/15/2028  | 1220000 | &nbsp;&nbsp; 1270742 |
| &nbsp;&nbsp;&nbsp; Iowa, State Student Loan Liquidity Corp., Senior Revenue, Series B, AMT, 3.0%, <br> 12/1/2039 <br>| 110000 | &nbsp;&nbsp; 108470 |
|  |  | &nbsp;&nbsp; **3504627** |
| **Kentucky 1.0%** | **Kentucky 1.0%** |  |
| Kentucky, State Municipal Energy Agency Revenue, 5.0%, 1/1/2042  | 4245000 | &nbsp;&nbsp; 4653883 |
| &nbsp;&nbsp;&nbsp; Kentucky, State Public Energy Authority Revenue, Series B, 5.0%, 12/1/2033, <br> GTY: Jefferies Financial Group <br>| 2220000 | &nbsp;&nbsp; 2367217 |
|  |  | &nbsp;&nbsp; **7021100** |
| **Louisiana 1.1%** | **Louisiana 1.1%** |  |
| &nbsp;&nbsp;&nbsp; Louisiana, Public Facilities Authority Revenue, CHRISTUS Health Obligated Group, <br> 2.17% (c), 3/6/2026, LOC: TD Bank NA <br>| 650000 | &nbsp;&nbsp; 650000 |
| Louisiana, State Gasoline & Fuels Tax Revenue, Series A, 5.0%, 5/1/2040  | 5000000 | &nbsp;&nbsp; 5692624 |
| &nbsp;&nbsp;&nbsp; New Orleans, LA, Aviation Board Special Facility Revenue, Parking Facilities Corp., <br> Consol Garage System, Series A, 5.0%, 10/1/2035, INS: AG <br>| 1250000 | &nbsp;&nbsp; 1310739 |
|  |  | &nbsp;&nbsp; **7653363** |
| **Massachusetts 0.8%** | **Massachusetts 0.8%** |  |
| Massachusetts, Development Finance Agency Revenue, PRG Medford Properties, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 6/1/2044  | 500000 | &nbsp;&nbsp; 548717 |
| &nbsp;&nbsp;&nbsp; 5.25%, 6/1/2045  | 400000 | &nbsp;&nbsp; 434214 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, CareGroup Obligated <br> Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series J2, 5.0%, 7/1/2033  | 1000000 | &nbsp;&nbsp; 1054109 |
| &nbsp;&nbsp;&nbsp; Series J2, 5.0%, 7/1/2034  | 2000000 | &nbsp;&nbsp; 2104632 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Mass General Brigham, <br> Inc., Series F, 5.0%, 7/1/2045 <br>| 1250000 | &nbsp;&nbsp; 1364837 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Health & Educational Facilities Authority Revenue, Massachusetts <br> Institute of Technology, Series J-2, 1.45% (c), 3/2/2026 <br>| 100000 | &nbsp;&nbsp; 100000 |
|  |  | &nbsp;&nbsp; **5606509** |

---

------

---

| | | |
|:---|:---|:---|
| **Michigan 1.4%** | **Michigan 1.4%** |  |
| Michigan, State Strategic Fund Ltd., Obligation Revenue, Improvement Project: |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.0%, 6/30/2032  | 1320000 | &nbsp;&nbsp; 1380799 |
| &nbsp;&nbsp;&nbsp; AMT, 5.0%, 12/31/2032  | 700000 | &nbsp;&nbsp; 731452 |
| &nbsp;&nbsp;&nbsp; AMT, 5.0%, 12/31/2033  | 1600000 | &nbsp;&nbsp; 1668716 |
| Michigan, Trunk Line Revenue, Rebuilding Michigan Program: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.0%, 11/15/2038  | 2500000 | &nbsp;&nbsp; 2605045 |
| &nbsp;&nbsp;&nbsp; 5.5%, 11/15/2044  | 3000000 | &nbsp;&nbsp; 3370507 |
|  |  | &nbsp;&nbsp; **9756519** |
| **Minnesota 0.5%** | **Minnesota 0.5%** |  |
| Minnesota, State Office of Higher Education Revenue, AMT, 2.65%, 11/1/2038  | 2070000 | &nbsp;&nbsp; 1965943 |
| St. Cloud, MN, CentraCare Health System Obligated Group Revenue, 5.0%, 5/1/2041  | 1500000 | &nbsp;&nbsp; 1656102 |
|  |  | &nbsp;&nbsp; **3622045** |
| **Mississippi 0.5%** | **Mississippi 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Mississippi, State University Educational Building Corp. Revenue, Institutions of Higher <br> Learning:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 8/1/2042  | 1465000 | &nbsp;&nbsp; 1618479 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 8/1/2043  | 1540000 | &nbsp;&nbsp; 1682633 |
|  |  | &nbsp;&nbsp; **3301112** |
| **Missouri 0.9%** | **Missouri 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Missouri, Higher Education Loan Authority Revenue, Taxable Student Loan Asset Back <br> Notes, "A1A", Series 2021-1, 1.53%, 1/25/2061 <br>| 2766860 | &nbsp;&nbsp; 2570351 |
| Missouri, Plaza At Noah's Ark Community Improvement District, 3.0%, 5/1/2030  | 725000 | &nbsp;&nbsp; 704763 |
| &nbsp;&nbsp;&nbsp; Missouri, State Housing Development Commission, Single Family Mortgage Revenue, <br> First Homeownership Loan Program, Series C, 6.0%, 5/1/2053 <br>| 3020000 | &nbsp;&nbsp; 3380549 |
|  |  | &nbsp;&nbsp; **6655663** |
| **Nebraska 0.1%** | **Nebraska 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Nebraska, Omaha Public Power District Nebraska City Station Unit 2, Revenue, <br> Series A, 5.0%, 2/1/2045 <br>| 1000000 | &nbsp;&nbsp; **1092587** |
| **Nevada 0.1%** | **Nevada 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Nevada, Department of Business & Industry Revenue, Brightline West Passenger Rail <br> Project, Series B, 144A, AMT, 12.0%, Mandatory Put 11/2/2026 @ 120, 1/1/2065 <br>| 1805000 | &nbsp;&nbsp; **974700** |
| **New Hampshire 1.1%** | **New Hampshire 1.1%** |  |
| New Hampshire, Business Finance Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2, 4.0%, 10/20/2036  | 2860095 | &nbsp;&nbsp; 2921469 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, 4.375%, 9/20/2036  | 3804276 | &nbsp;&nbsp; 3967349 |
| &nbsp;&nbsp;&nbsp; New Hampshire, State Health and Education Facilities Authority Act Revenue, Trustees <br> of Dartmouth College, Series A, 3.3%, Mandatory Put 8/3/2027 @ 100, 6/1/2040 <br>| 815000 | &nbsp;&nbsp; 821004 |
|  |  | &nbsp;&nbsp; **7709822** |
| **New Jersey 2.9%** | **New Jersey 2.9%** |  |
| &nbsp;&nbsp;&nbsp; New Jersey, State Economic Development Authority, Motor Vehicle Surcharge Revenue, <br> Series A, 3.125%, 7/1/2029 <br>| 915000 | &nbsp;&nbsp; 917849 |
| New Jersey, State Higher Education Assistance Authority, Student Loan Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 3.25%, 12/1/2039  | 270000 | &nbsp;&nbsp; 266272 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 3.5%, 12/1/2039  | 970000 | &nbsp;&nbsp; 962104 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 4.0%, 12/1/2041  | 3480000 | &nbsp;&nbsp; 3523258 |
| New Jersey, State Transportation Trust Fund Authority, Transportation Systems: |  |  |
| &nbsp;&nbsp;&nbsp; Series CC, 5.0%, 6/15/2038  | 2000000 | &nbsp;&nbsp; 2239656 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.25%, 6/15/2041  | 1000000 | &nbsp;&nbsp; 1143822 |

---

------

---

| | | |
|:---|:---|:---|
| New Jersey, State Turnpike Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.0%, 1/1/2035  | 2000000 | &nbsp;&nbsp; 2227973 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 1/1/2034 (a) | 2500000 | &nbsp;&nbsp; 2848046 |
| &nbsp;&nbsp;&nbsp; Series C, 5.0%, 1/1/2045  | 3000000 | &nbsp;&nbsp; 3251408 |
| New Jersey, Tobacco Settlement Financing Corp., Series A, 5.0%, 6/1/2030  | 3000000 | &nbsp;&nbsp; 3158272 |
|  |  | &nbsp;&nbsp; **20538660** |
| **New Mexico 0.2%** | **New Mexico 0.2%** |  |
| New Mexico, State Mortgage Finance Authority, "I", Series C, 4.0%, 1/1/2050  | 1155000 | &nbsp;&nbsp; **1169639** |
| **New York 10.1%** | **New York 10.1%** |  |
| &nbsp;&nbsp;&nbsp; Broome County, NY, Local Development Corp., Revenue, United Health Services <br> Hospitals, Inc., Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.0%, 4/1/2035, INS: AG  | 1820000 | &nbsp;&nbsp; 1789109 |
| &nbsp;&nbsp;&nbsp; 3.0%, 4/1/2036, INS: AG  | 1750000 | &nbsp;&nbsp; 1697461 |
| &nbsp;&nbsp;&nbsp; Long Island, NY, Electric System Revenue, Power Authority, Series B, 3.0%, Mandatory <br> Put 9/1/2029 @ 100, 9/1/2049 <br>| 1250000 | &nbsp;&nbsp; 1256507 |
| New York, Metropolitan Transportation Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 11/15/2028  | 3170000 | &nbsp;&nbsp; 3408098 |
| &nbsp;&nbsp;&nbsp; Series C1, 5.0%, 11/15/2028  | 1200000 | &nbsp;&nbsp; 1266656 |
| &nbsp;&nbsp;&nbsp; Series A2, 5.0%, Mandatory Put 5/15/2030 @ 100, 11/15/2045  | 5335000 | &nbsp;&nbsp; 5782316 |
| New York, State Dormitory Authority, Personal Income Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 3/15/2041  | 5000000 | &nbsp;&nbsp; 5716671 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 3/15/2046  | 1175000 | &nbsp;&nbsp; 1292267 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 3/15/2047  | 2000000 | &nbsp;&nbsp; 2183986 |
| &nbsp;&nbsp;&nbsp; New York, State Liberty Development Corp. Revenue, A World Trade Center Project, <br> Series A, 1.9%, 11/15/2031 <br>| 800000 | &nbsp;&nbsp; 734013 |
| &nbsp;&nbsp;&nbsp; New York, State Liberty Development Corp., Second Priority Liberty Revenue, "1", <br> 2.45%, 9/15/2069 <br>| 5000000 | &nbsp;&nbsp; 4762555 |
| &nbsp;&nbsp;&nbsp; New York, State Transportation Development Corp., Special Facilities Revenue, Delta <br> Air Lines, Inc., LaGuardia Airport Terminal, AMT, 6.0%, 4/1/2035 <br>| 2400000 | &nbsp;&nbsp; 2679341 |
| &nbsp;&nbsp;&nbsp; New York, State Transportation Development Corp., Special Facilities Revenue, John F. <br> Kennedy International Airport Project, AMT, 6.0%, 6/30/2042 <br>| 1250000 | &nbsp;&nbsp; 1430259 |
| &nbsp;&nbsp;&nbsp; New York, State Transportation Development Corp., Special Facility Revenue, Terminal <br> 4 John F. Kennedy International Airport Project, AMT, 5.0%, 12/1/2030 <br>| 5000000 | &nbsp;&nbsp; 5499140 |
| &nbsp;&nbsp;&nbsp; New York, Triborough Bridge & Tunnel Authority Real Estate Transfer Tax Revenue, <br> Series A, 5.0%, 12/1/2043 <br>| 750000 | &nbsp;&nbsp; 830129 |
| &nbsp;&nbsp;&nbsp; New York, Triborough Bridge & Tunnel Authority Revenue, MTA Bridges & Tunnels, <br> Series B-1, 5.0%, 5/15/2045 <br>| 1000000 | &nbsp;&nbsp; 1081169 |
| &nbsp;&nbsp;&nbsp; New York, Utility Debt Securitization Authority, Restructuring Revenue, Series TE, <br> 5.0%, 12/15/2038 <br>| 7000000 | &nbsp;&nbsp; 7991499 |
| New York City, NY, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-4, 1.9% (c), 3/2/2026, SPA: State Street B&T Co.  | 100000 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.0%, 2/1/2042  | 1500000 | &nbsp;&nbsp; 1677796 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 4/1/2043  | 1000000 | &nbsp;&nbsp; 1091535 |
| &nbsp;&nbsp;&nbsp; New York City, NY, Housing Development Corp., Multi-Family Housing Revenue, <br> Series A-2, 3.73%, Mandatory Put 12/29/2028 @ 100, 5/1/2063 <br>| 4000000 | &nbsp;&nbsp; 4010767 |
| &nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority, Water & Sewer Systems <br> Revenue, Series CC-SUBSERIES CC-2, 5.0%, 6/15/2046 <br>| 1250000 | &nbsp;&nbsp; 1338241 |
| New York City, NY, Transitional Finance Authority Revenue, Future Tax Secured: |  |  |
| &nbsp;&nbsp;&nbsp; Series B-5, 1.95% (c), 3/2/2026, SPA: U.S. Bank NA  | 700000 | &nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp; Series F-1, 5.0%, 2/1/2042  | 1500000 | &nbsp;&nbsp; 1659747 |
| &nbsp;&nbsp;&nbsp; Series H, 5.0%, 11/1/2043  | 1000000 | &nbsp;&nbsp; 1110081 |
| &nbsp;&nbsp;&nbsp; Series D, 5.25%, 5/1/2043  | 5000000 | &nbsp;&nbsp; 5633664 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.25%, 5/1/2048  | 2750000 | &nbsp;&nbsp; 2939076 |
| New York, NY, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 4.0%, 8/1/2037  | 1000000 | &nbsp;&nbsp; 1032139 |
| &nbsp;&nbsp;&nbsp; Series E1, 5.0%, 4/1/2039  | 1250000 | &nbsp;&nbsp; 1396706 |
|  |  | &nbsp;&nbsp; **72090928** |

---

------

---

| | | |
|:---|:---|:---|
| **North Carolina 0.8%** | **North Carolina 0.8%** |  |
| County of Wake, NC, State Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 5/1/2043  | 2300000 | &nbsp;&nbsp; 2579922 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 5/1/2044  | 1400000 | &nbsp;&nbsp; 1548382 |
| &nbsp;&nbsp;&nbsp; North Carolina, Charlotte-Mecklenburg Hospital Authority, Atrium Health Obligated <br> Group, Series E, 1.95% (c), 3/2/2026, LOC: Royal Bank of Canada <br>| 195000 | &nbsp;&nbsp; 195000 |
| &nbsp;&nbsp;&nbsp; North Carolina, Greater Asheville Regional Airport Authority Revenue, AMT, 5.25%, <br> 7/1/2042, INS: AG <br>| 1150000 | &nbsp;&nbsp; 1250378 |
| &nbsp;&nbsp;&nbsp; North Carolina, State Education Assistance Authority Revenue, Series A, AMT, 5.0%, <br> 6/1/2043 <br>| 420000 | &nbsp;&nbsp; 444517 |
|  |  | &nbsp;&nbsp; **6018199** |
| **North Dakota 0.7%** | **North Dakota 0.7%** |  |
| &nbsp;&nbsp;&nbsp; North Dakota, State Housing Finance Agency, Home Mortgage Housing Finance <br> Program, Series A, 6.0%, 7/1/2054 <br>| 4610000 | &nbsp;&nbsp; **5054157** |
| **Ohio 2.5%** | **Ohio 2.5%** |  |
| Cincinnati, OH, University of Cincinnati, Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 6/1/2039  | 1070000 | &nbsp;&nbsp; 1203851 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 6/1/2040  | 1120000 | &nbsp;&nbsp; 1251422 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 6/1/2041  | 1180000 | &nbsp;&nbsp; 1308896 |
| City of Akron, OH, City of Akron, Income Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 4.0%, 12/1/2029  | 1500000 | &nbsp;&nbsp; 1585890 |
| &nbsp;&nbsp;&nbsp; 4.0%, 12/1/2030  | 1210000 | &nbsp;&nbsp; 1275177 |
| Hamilton County, OH, Sewer System Revenue, Series B, 5.0%, 12/1/2030  | 1180000 | &nbsp;&nbsp; 1329714 |
| &nbsp;&nbsp;&nbsp; Ohio, Air Quality Development Authority Revenue, Duke Enery Corp., Series A, AMT, <br> 4.25%, Mandatory Put 6/1/2027 @ 100, 11/1/2039 <br>| 1000000 | &nbsp;&nbsp; 1016498 |
| Ohio, State General Obligation, Series A, 5.0%, 6/15/2043  | 5000000 | &nbsp;&nbsp; 5636589 |
| Ohio, State Hospital Revenue, Aultman Health Foundation, 144A, 5.0%, 12/1/2028  | 3100000 | &nbsp;&nbsp; 3150747 |
|  |  | &nbsp;&nbsp; **17758784** |
| **Oklahoma 0.4%** | **Oklahoma 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma, State Municipal Airport Trust Trustees Revenue, American Airlines, Inc., <br> AMT, 6.25%, 12/1/2035 <br>| 1000000 | &nbsp;&nbsp; 1176531 |
| Oklahoma, State Turnpike Authority Revenue, Series B, 5.0%, 1/1/2042  | 1500000 | &nbsp;&nbsp; 1703072 |
|  |  | &nbsp;&nbsp; **2879603** |
| **Oregon 0.7%** | **Oregon 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Oregon, State Housing & Community Services Department, Mortgage Revenue, <br> Series A, 4.5%, 1/1/2049 <br>| 980000 | &nbsp;&nbsp; 983853 |
| Oregon, State Lottery Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 4/1/2042  | 1000000 | &nbsp;&nbsp; 1158695 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 4/1/2043  | 2500000 | &nbsp;&nbsp; 2865030 |
|  |  | &nbsp;&nbsp; **5007578** |
| **Pennsylvania 6.3%** | **Pennsylvania 6.3%** |  |
| &nbsp;&nbsp;&nbsp; Allegheny County, PA, Hospital Development Authority, Allegheny Health Network <br> Obligated Group, Series A, 5.0%, 4/1/2034 <br>| 5000000 | &nbsp;&nbsp; 5231763 |
| &nbsp;&nbsp;&nbsp; Montgomery County, PA, Higher Education & Health Authority, State Presbyterian <br> Homes, Inc. Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2027  | 1175000 | &nbsp;&nbsp; 1199709 |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2032  | 2745000 | &nbsp;&nbsp; 2802918 |
| &nbsp;&nbsp;&nbsp; Montgomery County, PA, Industrial Development Authority, Meadowood Senior Living <br> Project, Series A, 5.0%, 12/1/2033 <br>| 8435000 | &nbsp;&nbsp; 8611291 |
| Pennsylvania, Bucks County Water and Sewer Authority, Sewer System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2038, INS: AG  | 1025000 | &nbsp;&nbsp; 1148349 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2040, INS: AG  | 1625000 | &nbsp;&nbsp; 1799698 |

---

------

---

| | | |
|:---|:---|:---|
| Pennsylvania, Higher Education Assistance Agency Education Loan Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 2.45%, 6/1/2041  | 1945000 | &nbsp;&nbsp; 1824834 |
| &nbsp;&nbsp;&nbsp; Series A, 2.625%, 6/1/2042  | 365000 | &nbsp;&nbsp; 339464 |
| Pennsylvania, State Certificates of Participation: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2029  | 300000 | &nbsp;&nbsp; 315048 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2031  | 850000 | &nbsp;&nbsp; 890693 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, State Economic Development Financing Authority Revenue, UPMC <br> Obligated Group, Series A-2, 5.0%, 5/15/2039 <br>| 1200000 | &nbsp;&nbsp; 1320765 |
| &nbsp;&nbsp;&nbsp; Pennsylvania, State Economic Development Financing Authority Tax-Exempt Private <br> Activity Revenue, Major Bridges Package One Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.5%, 6/30/2037  | 2400000 | &nbsp;&nbsp; 2694809 |
| &nbsp;&nbsp;&nbsp; AMT, 5.5%, 6/30/2038  | 3000000 | &nbsp;&nbsp; 3334875 |
| &nbsp;&nbsp;&nbsp; AMT, 5.5%, 6/30/2039  | 4000000 | &nbsp;&nbsp; 4415285 |
| Pennsylvania, State Housing Finance Agency, Single Family Mortgage Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series 119, AMT, 3.5%, 10/1/2041  | 200000 | &nbsp;&nbsp; 200019 |
| &nbsp;&nbsp;&nbsp; Series 122, AMT, 4.0%, 10/1/2046  | 1370000 | &nbsp;&nbsp; 1370669 |
| &nbsp;&nbsp;&nbsp; Series 143A, 6.25%, 10/1/2053  | 1835000 | &nbsp;&nbsp; 2010299 |
| Pennsylvania, State Turnpike Commission Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series FIRST, 5.0%, 12/1/2039  | 860000 | &nbsp;&nbsp; 970293 |
| &nbsp;&nbsp;&nbsp; Series FIRST, 5.0%, 12/1/2040  | 855000 | &nbsp;&nbsp; 956048 |
| &nbsp;&nbsp;&nbsp; Series FIRST, 5.0%, 12/1/2041  | 855000 | &nbsp;&nbsp; 953057 |
| &nbsp;&nbsp;&nbsp; Philadelphia, PA, Authority for Industrial Development Revenue, Series A, 5.0%, <br> 12/1/2044 <br>| 2145000 | &nbsp;&nbsp; 2354423 |
| Philadelphia, PA, School District, Series F, Prerefunded, 5.0%, 9/1/2030  | 30000 | &nbsp;&nbsp; 30419 |
|  |  | &nbsp;&nbsp; **44774728** |
| **Rhode Island 0.4%** | **Rhode Island 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Rhode Island, Health and Educational Building Corp. Revenue, Providence College, <br> 5.0%, 11/1/2041 <br>| 1500000 | &nbsp;&nbsp; 1660691 |
| Rhode Island, Tobacco Settlement Financing Corp., Series B, 4.5%, 6/1/2045  | 1455000 | &nbsp;&nbsp; 1454961 |
|  |  | &nbsp;&nbsp; **3115652** |
| **South Carolina 0.8%** | **South Carolina 0.8%** |  |
| South Carolina, Public Service Authority Revenue, Series A, 5.0%, 12/1/2044  | 1300000 | &nbsp;&nbsp; 1417489 |
| &nbsp;&nbsp;&nbsp; South Carolina, State Housing Finance & Development Authority, Mortgage Revenue, <br> Series A, 4.0%, 1/1/2050 <br>| 150000 | &nbsp;&nbsp; 152494 |
| &nbsp;&nbsp;&nbsp; South Carolina, State Jobs-Economic Development Authority Revenue, Bon Secours <br> Mercy Health, Inc., Series A, 5.25%, 11/1/2043 <br>| 1000000 | &nbsp;&nbsp; 1119338 |
| &nbsp;&nbsp;&nbsp; South Carolina, State Jobs-Economic Development Authority Revenue, Novant Health <br> Obligated Group, Series A, 5.5%, 11/1/2046 <br>| 3000000 | &nbsp;&nbsp; 3274484 |
|  |  | &nbsp;&nbsp; **5963805** |
| **Tennessee 0.7%** | **Tennessee 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Greeneville, TN, Health & Educational Facilities Board, Hospital Revenue, Ballad <br> Health Obligation Group, Series A, 5.0%, 7/1/2035 <br>| 2500000 | &nbsp;&nbsp; 2623679 |
| Metropolitan Nashville, TN, Airport Authority Revenue, Series B, AMT, 5.5%, 7/1/2038  | 1625000 | &nbsp;&nbsp; 1835779 |
| &nbsp;&nbsp;&nbsp; Nashville & Davidson County, TN, Metropolitan Government Health & Education <br> Facilities Board Revenue, Belmont University, 5.0%, 5/1/2039 <br>| 500000 | &nbsp;&nbsp; 549216 |
|  |  | &nbsp;&nbsp; **5008674** |
| **Texas 16.6%** | **Texas 16.6%** |  |
| Austin, TX, Independent School District, General Obligation, 5.0%, 8/1/2042  | 2000000 | &nbsp;&nbsp; 2183668 |
| Austin, TX, Water & Wastewater System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 11/15/2038  | 3500000 | &nbsp;&nbsp; 3948017 |
| &nbsp;&nbsp;&nbsp; 5.0%, 11/15/2049  | 1000000 | &nbsp;&nbsp; 1060225 |
| &nbsp;&nbsp;&nbsp; Central Texas, Regional Mobility Authority Revenue, Senior Lien, Series E, 4.0%, <br> 1/1/2037 <br>| 1500000 | &nbsp;&nbsp; 1544737 |
| City of Corpus Christi, TX, Utility System Revenue, 5.0%, 7/15/2049  | 3165000 | &nbsp;&nbsp; 3299279 |

---

------

---

| | | |
|:---|:---|:---|
| City of Garland, TX, Electric Utility System Revenue, 5.0%, 3/1/2045, INS: AG  | 550000 | &nbsp;&nbsp; 602155 |
| Conroe, TX, Independent School District, General Obligation, 5.0%, 2/15/2043  | 2500000 | &nbsp;&nbsp; 2751822 |
| Dallas, TX, Fort Worth International Airport: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 11/1/2037  | 1200000 | &nbsp;&nbsp; 1349323 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 11/1/2040  | 3500000 | &nbsp;&nbsp; 3908140 |
| El Paso, TX, Water & Sewer Revenue Revenue, 5.0%, 3/1/2044  | 2000000 | &nbsp;&nbsp; 2171958 |
| &nbsp;&nbsp;&nbsp; Harris County, TX, Cultural Education Facilities Finance Corp. Revenue, Memorial <br> Hermann Health System Obligated Group, Series C, 5.0%, Mandatory Put 7/1/2029 <br> @ 100, 7/1/2054 <br>| 2000000 | &nbsp;&nbsp; 2139837 |
| &nbsp;&nbsp;&nbsp; Harris County, TX, Industrial Development Corp. Revenue, Energy Transfer LP, 4.05%, <br> Mandatory Put 6/1/2033 @ 100, 11/1/2050 <br>| 1275000 | &nbsp;&nbsp; 1327379 |
| Harris County, TX, Toll Road Revenue, Series A, 5.25%, 8/15/2049  | 2400000 | &nbsp;&nbsp; 2584283 |
| &nbsp;&nbsp;&nbsp; Houston, TX, Airport System Revenue, United Airlines, Inc., Series B, AMT, 5.5%, <br> 7/15/2039 <br>| 2815000 | &nbsp;&nbsp; 3085993 |
| &nbsp;&nbsp;&nbsp; Houston, TX, Hotel Occupancy Tax And Special Revenue, Convention And <br> Entertainment Facilities Department:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2027  | 1590000 | &nbsp;&nbsp; 1653079 |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2028  | 1350000 | &nbsp;&nbsp; 1440062 |
| &nbsp;&nbsp;&nbsp; Lower Colorado, TX, State Transmission Contract Authority Revenue, LCRA <br> Transmission Services Corp., Project, 5.0%, 5/15/2041, INS: AG <br>| 5000000 | &nbsp;&nbsp; 5464925 |
| North Texas, Tollway Authority Revenue, Series A, 5.25%, 1/1/2038  | 2500000 | &nbsp;&nbsp; 2804314 |
| Prosper, TX, Independent School District, General Obligation, 5.0%, 2/15/2041  | 4000000 | &nbsp;&nbsp; 4471988 |
| Texas, Aldine Independent School District, 5.0%, 2/15/2044  | 2750000 | &nbsp;&nbsp; 3003275 |
| Texas, Arlington Independent School District, General Obligation, 5.0%, 2/15/2042  | 4000000 | &nbsp;&nbsp; 4411432 |
| &nbsp;&nbsp;&nbsp; Texas, El Paso Independent School District, General Obligation, Series A, 5.0%, <br> 8/15/2041 (a)<br>| 2250000 | &nbsp;&nbsp; 2507098 |
| Texas, Fort Worth International Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/1/2042  | 1000000 | &nbsp;&nbsp; 1114723 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/1/2043  | 1000000 | &nbsp;&nbsp; 1103053 |
| &nbsp;&nbsp;&nbsp; Texas, Hurst-Euless-Bedford Independent School District, General Obligation, 5.0%, <br> 8/15/2043 <br>| 1500000 | &nbsp;&nbsp; 1644463 |
| Texas, Kerrville Public Utility Board Public Facility Corp., Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 4/15/2043, INS: BAM  | 1320000 | &nbsp;&nbsp; 1447038 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 4/15/2044, INS: BAM  | 1220000 | &nbsp;&nbsp; 1332360 |
| Texas, Lamar Consolidated Independent School District: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2041  | 2530000 | &nbsp;&nbsp; 2783294 |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2042  | 3045000 | &nbsp;&nbsp; 3329722 |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/15/2043  | 2625000 | &nbsp;&nbsp; 2853746 |
| &nbsp;&nbsp;&nbsp; Texas, Municipal Gas Acquisition & Supply Corp. V Revenue, 5.0%, Mandatory Put <br> 1/1/2034 @ 100, 1/1/2055, GTY: Bank of America Corp. <br>| 4500000 | &nbsp;&nbsp; 4927353 |
| &nbsp;&nbsp;&nbsp; Texas, New Hope Cultural Education Facilities Finance Corp., Education Revenue, <br> Cumberland Academy Project, Series A, 144A, 5.0%, 8/15/2040 <br>| 6000000 | &nbsp;&nbsp; 5797430 |
| Texas, North East Regional Mobility Authority Revenue, Series A, 5.25%, 1/1/2046  | 1000000 | &nbsp;&nbsp; 1071277 |
| &nbsp;&nbsp;&nbsp; Texas, Private Activity Bond, Surface Transportation Corp. Revenue, Senior Lien, North <br> Mobility Partners Segments 3 LLC, AMT, 5.5%, 6/30/2040 <br>| 1000000 | &nbsp;&nbsp; 1064745 |
| &nbsp;&nbsp;&nbsp; Texas, Round Rock Independent School District, General Obligation, Series B, 5.0%, <br> 8/1/2043 <br>| 4185000 | &nbsp;&nbsp; 4688324 |
| Texas, San Antonio Water System Revenue, Series C, 5.0%, 5/15/2043  | 4655000 | &nbsp;&nbsp; 5200296 |
| Texas, State Department of Housing & Community Affairs, 2.17%, 5/1/2038  | 5547388 | &nbsp;&nbsp; 4726383 |
| Texas, State Tech University System Revenue, Series A, 5.0%, 2/15/2045  | 1200000 | &nbsp;&nbsp; 1305823 |
| &nbsp;&nbsp;&nbsp; Texas, State Transportation Commission, Turnpike Systems Revenue, Series B, 5.0%, <br> Mandatory Put 8/15/2030 @ 100, 8/15/2042 <br>| 1500000 | &nbsp;&nbsp; 1639392 |
| Texas, State Water Development Board, Series A, 4.0%, 10/15/2032  | 5000000 | &nbsp;&nbsp; 5122748 |
| Texas, Tollway Authority Revenue, Series A, 5.0%, 1/1/2041  | 2500000 | &nbsp;&nbsp; 2791392 |
| &nbsp;&nbsp;&nbsp; Texas, Transmission Contract Authority Revenue, LCRA Transmission Services Corp. <br> Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 5/15/2042, INS: AG  | 2770000 | &nbsp;&nbsp; 3087183 |
| &nbsp;&nbsp;&nbsp; 5.0%, 5/15/2043, INS: AG  | 3790000 | &nbsp;&nbsp; 4144072 |
|  |  | &nbsp;&nbsp; **118887806** |

---

------

---

| | | |
|:---|:---|:---|
| **Utah 1.3%** | **Utah 1.3%** |  |
| Salt Lake City, UT, Airport Revenue, Series A, AMT, 5.0%, 7/1/2035  | 5000000 | &nbsp;&nbsp; 5223952 |
| &nbsp;&nbsp;&nbsp; Utah, Mida Mountain Village Public Infrastructure District, Tax Allocation, Series 1, <br> 144A, 5.125%, 6/15/2054 <br>| 3000000 | &nbsp;&nbsp; 3004182 |
| Utah, State Housing Corp. Revenue, Series A, 6.5%, 1/1/2054  | 755000 | &nbsp;&nbsp; 835577 |
| &nbsp;&nbsp;&nbsp; Utah, State Telecommunication Open Infrastructure Agency Sales Tax and <br> Telecommunications Revenue, 5.25%, 6/1/2037 <br>| 250000 | &nbsp;&nbsp; 282775 |
|  |  | &nbsp;&nbsp; **9346486** |
| **Vermont 0.2%** | **Vermont 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Vermont, State Educational & Health Buildings Financing Agency Revenue, St. <br> Michael's College, 144A, 5.0%, 10/1/2033 <br>| 1500000 | &nbsp;&nbsp; **1495727** |
| **Virginia 1.2%** | **Virginia 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Hampton Roads, VA, Transportation Accountability Commission Revenue, Senior Lien <br> Revenue, Series A, 4.0%, 7/1/2038 <br>| 4370000 | &nbsp;&nbsp; 4525415 |
| Virginia, Small Business Financing Authority: |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 4.0%, 1/1/2030  | 1500000 | &nbsp;&nbsp; 1547619 |
| &nbsp;&nbsp;&nbsp; AMT, 4.0%, 7/1/2030  | 1000000 | &nbsp;&nbsp; 1034867 |
| &nbsp;&nbsp;&nbsp; Virginia, State Small Business Financing Authority Revenue, Mary Washington <br> Healthcare Obligated Group, Series A, 5.0%, 6/15/2043 <br>| 1300000 | &nbsp;&nbsp; 1406108 |
|  |  | &nbsp;&nbsp; **8514009** |
| **Washington 5.1%** | **Washington 5.1%** |  |
| &nbsp;&nbsp;&nbsp; Pierce County, WA, Pierce County School District No. 403 Bethel, General Obligation, <br> 5.0%, 12/1/2043 <br>| 1725000 | &nbsp;&nbsp; 1902217 |
| Port of Seattle, WA, Revenue Bonds: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 8/1/2038  | 5000000 | &nbsp;&nbsp; 5481508 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.25%, 10/1/2044  | 7000000 | &nbsp;&nbsp; 7684956 |
| &nbsp;&nbsp;&nbsp; Seattle, WA, Seattle Municipal Light & Power Revenue, Series B, SIFMA Municipal <br> Swap Index + 0.25%, 2.13% (b), Mandatory Put 11/1/2026 @ 100, 5/1/2045 <br>| 895000 | &nbsp;&nbsp; 889670 |
| Washington, State Convention Center Public Facilities District: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 3.0%, 7/1/2036  | 5185000 | &nbsp;&nbsp; 4963015 |
| &nbsp;&nbsp;&nbsp; 4.0%, 7/1/2031  | 3000000 | &nbsp;&nbsp; 3142629 |
| Washington, State General Obligation, Series C, 5.0%, 2/1/2046  | 3000000 | &nbsp;&nbsp; 3245963 |
| &nbsp;&nbsp;&nbsp; Washington, State Health Care Facilities Authority Revenue, Virginia Mason Medical <br> Center, 5.0%, 8/15/2029 <br>| 2300000 | &nbsp;&nbsp; 2380537 |
| Washington, State Housing Finance Commission, Horizon House Project: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 1/1/2028  | 750000 | &nbsp;&nbsp; 763202 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 1/1/2029  | 840000 | &nbsp;&nbsp; 854992 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 1/1/2031  | 1030000 | &nbsp;&nbsp; 1046834 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 1/1/2033  | 1050000 | &nbsp;&nbsp; 1064428 |
| Washington, State University Revenue, 5.0%, 4/1/2039  | 2695000 | &nbsp;&nbsp; 3088736 |
|  |  | &nbsp;&nbsp; **36508687** |
| **West Virginia 0.3%** | **West Virginia 0.3%** |  |
| &nbsp;&nbsp;&nbsp; West Virginia, State Hospital Finance Authority Revenue, State University Health <br> System Obligated Group, Series A, 5.0%, 6/1/2032 <br>| 2400000 | &nbsp;&nbsp; **2465649** |
| **Wisconsin 0.7%** | **Wisconsin 0.7%** |  |
| Wisconsin, State General Obligation, Series 1, 5.0%, 5/1/2032 (a) | 1300000 | &nbsp;&nbsp; 1448971 |
| &nbsp;&nbsp;&nbsp; Wisconsin, State Health & Educational Facilities Authority Revenue, Mercy Health <br> Corp. Obligated Group, Series A, 5.0%, 12/1/2044 (a)<br>| 2025000 | &nbsp;&nbsp; 2182800 |
| &nbsp;&nbsp;&nbsp; Wisconsin, State University of Wisconsin Hospitals & Clinics Revenue, Series B, 5.0%, <br> Mandatory Put 10/1/2031 @ 100, 4/1/2054 <br>| 1500000 | &nbsp;&nbsp; 1667391 |
|  |  | &nbsp;&nbsp; **5299162** |

---

------

---

| | | |
|:---|:---|:---|
| **Puerto Rico 0.8%** | **Puerto Rico 0.8%** |  |
| Puerto Rico, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2033  | 1000000 | &nbsp;&nbsp; 1024179 |
| &nbsp;&nbsp;&nbsp; Series A1, 5.75%, 7/1/2031  | 1910000 | &nbsp;&nbsp; 2122445 |
| &nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue, Series A-1, Zero Coupon, <br> 7/1/2031<br>| 3000000 | &nbsp;&nbsp; 2525413 |
|  |  | &nbsp;&nbsp; **5672037** |
| **Other 1.0%** | **Other 1.0%** |  |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp., Multi-Family Variable Rate Certificates, "A", <br> Series M-051, 144A, 2.65%, 6/15/2035<br>| 7315000 | &nbsp;&nbsp; 6402105 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Multi-Family ML Certificates, "A-CA", Series 2019-ML05, 3.35%, <br> 11/25/2033, GTY: Freddie Mac<br>| 550859 | &nbsp;&nbsp; 550220 |
|  |  | &nbsp;&nbsp; **6952325** |
| **Total Municipal Investments** (Cost $704,687,112) | **Total Municipal Investments** (Cost $704,687,112) | &nbsp;&nbsp; **717432937** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Open-End Investment Companies 0.0%** | **Open-End Investment Companies 0.0%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares, 1.69% (e) <br> (Cost $38,459)<br>| 38455 | &nbsp;&nbsp; **38459** |
| **Warrants 0.0%** | **Warrants 0.0%** |  |
| BL Train Holdings West LLC, Expiration Date 12/1/2035\* (f) (Cost $0) | 15018 | &nbsp;&nbsp; **0** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of Net**<br> **Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $704,725,571) | 100.4 | &nbsp;&nbsp; **717471396** |
| **Other Assets and Liabilities, Net**  | (0.4)<br>| &nbsp;&nbsp; **(2676033)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **714795363** |

---

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

*\** *Non-income producing security.* 

*(a)* *When-issued or delayed delivery securities included.*

*(b)* *Variable or floating rate security. These securities are shown at their current rate as of February 28, 2026. For securities based on* *a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable* *rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,* *prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the inherent* *rate, where applicable.* 

*(c)* *Variable rate demand notes are securities whose interest rates are reset periodically (usually daily mode or weekly mode) by* *remarketing agents based on current market levels, and are not directly set as a fixed spread to a reference rate. These securities* *may be redeemed at par by the holder through a put or tender feature, and are shown at their current rates as of February 28,* *2026. Date shown reflects the earlier of demand date or stated maturity date.* 

*(d)* *Interest coupon payment as of July 15, 2025 has been deferred by the issuer.*

*(e)* *Current yield; not a coupon rate.*

*(f)* *Investment was valued using significant unobservable inputs.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>|
| *AG: Assured Guaranty, Inc.* |
| *AMT: Subject to alternative minimum tax.* |

---

------

---

| |
|:---|
| *BAM: Build America Mutual* |
| *GTY: Guaranty Agreement* |
| *INS: Insured* |
| *LIQ: Liquidity Facility* |
| *LOC: Letter of Credit* |
| *Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and used* <br> *to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.*<br>|
| *SIFMA: Securities Industry and Financial Markets Association* |
| *SPA: Standby Bond Purchase Agreement* |

---

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.*

*The following is a summary of the inputs used as of February 28, 2026 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Municipal Investments (a) | $— | &nbsp;&nbsp; $717432937 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $717432937 |
| Open-End Investment Companies  | 38459 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 38459 |
| Warrants  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 |
| **Total** | **$38459** | &nbsp;&nbsp; **$717432937** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$717471396** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

DITFF-PH3

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS TAX FREE TRUST

- **b. Investment Company Act file number:** 811-03632

- **c. CIK number of Registrant:** 0000711600

- **d. LEI of Registrant:** OIW3BT7ZMM086NH3EO53

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW  YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Intermediate Tax-Free Fund

- **b. EDGAR series identifier (if any):** S000006133

- **c. LEI of Series:** 30VUJK0MQBYD631YHQ71

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $726423957.31

**Total Liabilities:** $11496268.36

**Net Assets:** $714927688.95

**Delayed Delivery Securities:** $10588725.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -886.35000000 | **1-Year:** -27519.18000000 | **5-Year:** -116630.75000000 | **10-Year:** -219467.48000000 | **30-Year:** -42905.04000000

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

- **3-Month:** -212.36000000 | **1-Year:** -4095.26000000 | **5-Year:** -11612.02000000 | **10-Year:** -11948.55000000 | **30-Year:** -1534.63000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016867 | 0.08%                | 0.98%                | 1.25%                |
| Class ID C000016872 | 0.10%                | 1.00%                | 1.27%                |
| Class ID C000016871 | 0.10%                | 1.00%                | 1.27%                |
| Class ID C000016870 | -0.07%               | 0.91%                | 1.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-281903.85              | $-1073985.40                               |
| Month 2  | $147464.61               | $5062562.83                                |
| Month 3  | $66321.16                | $7372853.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                           | CUSIP: 717883UD2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30418.60     | 0.00%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX        | CUSIP: 896032AU3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    750000 | PA      | $830129.18    | 0.12%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                             | CUSIP: 5946952V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2605044.75   | 0.36%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                          | CUSIP: 544445E62<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   4985000 | PA      | $5633661.16   | 0.79%             | 2037-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA ST HSG FIN AGY MULTIFAMILY GREEN TAX EXEMPT             | CUSIP: 13034CAA4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   8969779 | PA      | $8007487.65   | 1.12%             | 2035-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                  | CUSIP: 31350ACL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5755000 | PA      | $5300605.92   | 0.74%             | 2037-06-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1275176.53   | 0.18%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                  | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1176530.70   | 0.16%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                                    | CUSIP: 01728A3U8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5231763.00   | 0.73%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                      | UNIV HOSPS & CLINICS AUTH WI                                       | CUSIP: 915260FU2<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1667390.55   | 0.23%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BB59<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5464925.50   | 0.76%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                            | YUMA AZ INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 988514DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3296472.00   | 0.46%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080VF5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    970000 | PA      | $962104.39    | 0.13%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111689.20   | 0.16%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                                   | CUSIP: 41423PEA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2584283.04   | 0.36%             | 2049-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH HLTHCARE FACS REVENUE         | CUSIP: 928105CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1406107.56   | 0.20%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                         | CUSIP: 735389V47<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5481508.00   | 0.77%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                       | CUSIP: 646140GD9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3251408.10   | 0.45%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                                    | CUSIP: 047870LC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6815000 | PA      | $7057823.90   | 0.99%             | 2027-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4470000.00   | 0.63%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paulding County Hospital Authority/GA                                            | PAULDING CNTY GA HOSP AUTH                                         | CUSIP: 703596EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2194119.08   | 0.31%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JTB4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110081.10   | 0.16%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                     | CUSIP: 795576HF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5223952.50   | 0.73%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182LG9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10584852.00  | 1.48%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                               | CUSIP: 155498KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544737.50   | 0.22%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE           | CUSIP: 64972GJ70<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1338241.38   | 0.19%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VS2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1046834.01   | 0.15%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE        | CUSIP: 71783DEB7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2354423.21   | 0.33%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                                   | CUSIP: 114894YN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2499584.82   | 0.35%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                       | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016498.30   | 0.14%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                     | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE                   | CUSIP: 39160CBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1250377.87   | 0.17%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SP1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210130.12    | 0.03%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3329721.81   | 0.47%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                     | MET ATLANTA RAPID TRANSIT AUTH GA SALES TAX REVENUE                | CUSIP: 591746BV3<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2983539.46   | 0.42%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                                | WAKE CNTY NC LIMITED OBLIG                                         | CUSIP: 930876JM0<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2579921.73   | 0.36%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                        | HARRIS CNTY TX INDL DEV CORP                                       | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1327379.04   | 0.19%             | 2050-11-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                                     | CUSIP: 167562SD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130170.90   | 0.16%             | 2041-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                          | CUSIP: 679111F90<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1703072.10   | 0.24%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1349322.96   | 0.19%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505774.05    | 0.07%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813ST3<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257557.15    | 0.04%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE           | CUSIP: 79574CGF4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2982163.54   | 0.42%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                                   | CUSIP: 45203MSE2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4802337.65   | 0.67%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                             | CUSIP: 5946954N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3370506.90   | 0.47%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mississippi State University Educational Building Corp                           | MISSISSIPPI ST UNIV EDUCTNL BLDG CORP                              | CUSIP: 605699TP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1618479.55   | 0.23%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709225HC3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    855000 | PA      | $956048.35    | 0.13%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                    | CUSIP: 70870JFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1320764.88   | 0.18%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI       | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004182.30   | 0.42%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 04052EBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $659242.62    | 0.09%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                   | CUSIP: 70878CAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $339464.38    | 0.05%             | 2042-06-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Minnesota Office of Higher Education                                             | MINNESOTA ST OFFICE OF HGR EDU REVENUE                             | CUSIP: 60416MBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $1965943.38   | 0.27%             | 2038-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                     | VLG FL CDD #13 SPL ASSMNT REVENUE                                  | CUSIP: 92708HAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $760779.15    | 0.11%             | 2029-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Missouri Higher Education Loan Authority                                         | MISSOURI ST HGR EDU LOAN AUTH                                      | CUSIP: 606072LC8<br>LEI: 549300MTJ0T46T0MPL41 | Long             |  | MUN               | US        |   2766860 | PA      | $2570351.31   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE       | CUSIP: 762197L74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1660691.40   | 0.23%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 403 Bethel                                      | PIERCE CNTY WA SCH DIST #403 BETHEL                                | CUSIP: 720611ZZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1902217.01   | 0.27%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025169.30   | 0.14%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775HH48<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1872983.76   | 0.26%             | 2054-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775CQB3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175591.52    | 0.02%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                       | CUSIP: 68607V6R1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2865030.00   | 0.40%             | 2043-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1647772.80   | 0.23%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                          | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999615.30    | 0.14%             | 2056-04-01      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709225HB5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    860000 | PA      | $970292.68    | 0.14%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966QPZ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032138.60   | 0.14%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5782316.28   | 0.81%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV        | CUSIP: 70868YAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3334874.70   | 0.47%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                             | CUSIP: 613603XC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1199708.96   | 0.17%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                         | CUSIP: 158862CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3060232.50   | 0.43%             | 2035-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE CO                             | CUSIP: 19633TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1705854.94   | 0.24%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kerrville Public Utility Board Public Facility Corp                              | KERRVILLE TX PUBLIC UTILITY BRD PUBLIC FAC CORP PWR SPLY REV       | CUSIP: 492450AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1447038.52   | 0.20%             | 2043-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2122445.48   | 0.30%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE             | CUSIP: 83703EMX0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119338.50   | 0.16%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                          | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2979027.00   | 0.42%             | 2056-04-01      | Floating      | 2.18%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE CO                             | CUSIP: 19633TAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111570.80   | 0.16%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                                   | CUSIP: 613609F76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8435000 | PA      | $8611290.66   | 1.20%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP SF MTGE REVENUE                                      | CUSIP: 917437EP6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    755000 | PA      | $835576.85    | 0.12%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                                     | CUSIP: 91412HQV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2271165.40   | 0.32%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079134.60   | 0.15%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Water & Sewer Revenue                                         | EL PASO TX WTR & SWR REVENUE                                       | CUSIP: 283822ZT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171958.20   | 0.30%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584YJN0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054109.20   | 0.15%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                       | CUSIP: 649519DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $734013.28    | 0.10%             | 2031-11-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Central Florida Tourism Oversight District                                       | REEDY CREEK FL IMPT DIST                                           | CUSIP: 758449RL8<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526059.05   | 0.21%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE CO                             | CUSIP: 19633TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1216069.24   | 0.17%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UFV5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015883.80   | 0.14%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kerrville Public Utility Board Public Facility Corp                              | KERRVILLE TX PUBLIC UTILITY BRD PUBLIC FAC CORP PWR SPLY REV       | CUSIP: 492450AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1332360.17   | 0.19%             | 2044-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452153EK1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2242825.20   | 0.31%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JNJ3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5633664.00   | 0.79%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080WP2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3523258.14   | 0.49%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU       | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1639392.00   | 0.23%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CCB2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2239655.60   | 0.31%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hurst-Euless-Bedford Independent School District                                 | HURST-EULESS-BEDFORD TX INDEP SCH DIST                             | CUSIP: 447819KJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1644462.90   | 0.23%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VU7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1064427.63   | 0.15%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST COPS                                               | CUSIP: 709144NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $315048.24    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57585BMS4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $548717.20    | 0.08%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE               | CUSIP: 64990KJA2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1292267.47   | 0.18%             | 2046-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | UNIV OF CINCINNATI OH RECPTS                                       | CUSIP: 9141196U1<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1308895.65   | 0.18%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE               | CUSIP: 64990KGN7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5716671.00   | 0.80%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | SEATTLE WA MUNI LIGHT & PWR REVENUE                                | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $889670.01    | 0.12%             | 2045-05-01      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                         | ARLINGTON TX INDEP SCH DIST                                        | CUSIP: 041827AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4411431.60   | 0.62%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1619258.91   | 0.23%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BN56<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $3087183.01   | 0.43%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1247433.26   | 0.17%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                               | CONROE TX INDEP SCH DIST                                           | CUSIP: 2084183W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2751821.75   | 0.38%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                        | CUSIP: 647201FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1169639.28   | 0.16%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp                                                             | ALASKA ST RAILROAD CORP CRUISE PORT REVENUE                        | CUSIP: 01176AAQ6<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111629.90   | 0.16%             | 2042-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709225HD1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    855000 | PA      | $953056.96    | 0.13%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                      | GEO L SMITH II GA CONGRESS CTR AUTH                                | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1298733.25   | 0.18%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                                     | CUSIP: 956622M84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2465648.88   | 0.34%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                               | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    938000 | PA      | $811675.51    | 0.11%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010619.10   | 0.14%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182TF3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1595306.49   | 0.22%             | 2037-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | NORTH CAROLINA ST EDU ASSISTANCE AUTH                              | CUSIP: 658262GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $444516.95    | 0.06%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE             | CUSIP: 837032BZ3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3274483.80   | 0.46%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 8371515P0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1417488.80   | 0.20%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                  | CUSIP: 688031EV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $2541120.38   | 0.36%             | 2040-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                                | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX        | CUSIP: 91756SAP8<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    250000 | PA      | $282774.78    | 0.04%             | 2037-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                      | CUSIP: 34061WBV5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    645000 | PA      | $636682.92    | 0.09%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034866.80   | 0.14%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1380799.20   | 0.19%             | 2032-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204FWL5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088447.80   | 0.15%             | 2045-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SQ9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209334.06    | 0.03%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528VBB4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1629057.75   | 0.23%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Water and Sewer Authority                                           | BUCKS CNTY PA WTR & SWR AUTH SWR SYS REVENUE                       | CUSIP: 118683JU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1148348.91   | 0.16%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CDA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3908139.55   | 0.55%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                            | YUMA AZ INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 988514CY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1683720.00   | 0.24%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sewer System Revenue                                       | HAMILTON CNTY OH SWR SYS REVENUE                                   | CUSIP: 407288H77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1329714.39   | 0.19%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                    | CUSIP: 888808HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3158271.90   | 0.44%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VP8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    750000 | PA      | $763201.95    | 0.11%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675934B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $922894.67    | 0.13%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 19648GAV4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3860000 | PA      | $4179220.84   | 0.58%             | 2053-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                           | ELMHURST IL PARK DIST                                              | CUSIP: 289443JR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1350637.63   | 0.19%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT SPL FAC REVENUE               | CUSIP: 167590FG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1807395.84   | 0.25%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                     | NORTH EAST TX REGL MOBILITY AUTH                                   | CUSIP: 659231CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071276.80   | 0.15%             | 2046-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                  | LOUISIANA ST GAS & FUELS TAX REVENUE                               | CUSIP: 546475WY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5692624.00   | 0.80%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Desertxpress Enterprises LLC                                                     | Desertxpress Enterprises LLC                                       | CUSIP: 05594N118<br>LEI: 254900UTS074X7B9VE11 | N/A              | DE               |  | US        |     15018 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST COPS                                               | CUSIP: 709144NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $890693.24    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA DEV FIN CORP HLTHCAREFACS REVENUE                          | CUSIP: 34061QCP0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085002.50   | 0.15%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE            | CUSIP: 64578JBA3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    915000 | PA      | $917848.67    | 0.13%             | 2029-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Grand River Hospital District                                                    | GRAND RIVER CO HOSP DIST                                           | CUSIP: 386448EW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $886010.33    | 0.12%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                                   | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3899360 | PA      | $3982469.90   | 0.56%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | GAINESVILLE & HALL CNTY GA HOSP AUTH                               | CUSIP: 362762QZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1530027.81   | 0.21%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA REVENUES                                        | CUSIP: 91412GSJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.21%             | 2048-05-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE         | CUSIP: 84136JAL3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2816011.75   | 0.39%             | 2055-11-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                                | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042458.90   | 0.15%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                               | CUSIP: 04052BJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1428552.60   | 0.20%             | 2039-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                  | CUSIP: 31350ACN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7315000 | PA      | $6402104.82   | 0.90%             | 2035-06-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                    | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.03%             | 2048-03-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261APY7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1266655.56   | 0.18%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1653078.96   | 0.23%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                       | ANTELOPE VLY CA CMNTY CLG DIST                                     | CUSIP: 03667PLQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1830265.13   | 0.26%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966QY87<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1396706.25   | 0.20%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                               | CUSIP: 67756CDJ4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3150746.69   | 0.44%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                          | CUSIP: 66285WJ56<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2804313.75   | 0.39%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                       | CUSIP: 68607V6Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158695.20   | 0.16%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547619.15   | 0.22%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675932C5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547994.55    | 0.08%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3311791.50   | 0.46%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                                | CUSIP: 462590MS6<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    110000 | PA      | $108470.30    | 0.02%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE         | CUSIP: 882667CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064745.50   | 0.15%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966SLY0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1677796.20   | 0.23%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION               | CUSIP: 409328AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4525415.12   | 0.63%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57585BMT2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $434213.72    | 0.06%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                 | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091856.20   | 0.15%             | 2059-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | JACKSONVILLE FL SPL REVENUE                                        | CUSIP: 469487TX0<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5762312.50   | 0.81%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE               | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6608469.00   | 0.92%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District Nebraska City Station Unit 2                         | OMAHA NE PUBLIC PWR DIST SEPARATE ELEC REVENUE                     | CUSIP: 682004GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092586.80   | 0.15%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976AER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5185000 | PA      | $4963015.11   | 0.69%             | 2036-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                           | ROUND ROCK TX INDEP SCH DIST                                       | CUSIP: 779240RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4185000 | PA      | $4688323.67   | 0.66%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                     | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3804276 | PA      | $3967348.88   | 0.55%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                      | CUSIP: 64461XJX4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    815000 | PA      | $821004.27    | 0.11%             | 2040-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080UN9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    270000 | PA      | $266271.65    | 0.04%             | 2039-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                               | CUSIP: 207758K77<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1769540.96   | 0.25%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia County Housing Finance Authority                                        | ESCAMBIA CNTY FL HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 296122VV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1267691.44   | 0.18%             | 2050-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 70879QUM3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $2010298.65   | 0.28%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE                  | CUSIP: 64542QBN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5797430.40   | 0.81%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528U5E7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1882415.10   | 0.26%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                               | CUSIP: 882854A69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5122748.00   | 0.72%             | 2032-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State University                                                      | WASHINGTON ST UNIV REVENUES                                        | CUSIP: 940094FU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $3088736.00   | 0.43%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                      | CUSIP: 97712JQX4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2182800.35   | 0.31%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506916.20    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                            | UTILITY DEBT SECURITIZATION AUTH NY                                | CUSIP: 91802RFM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7991498.90   | 1.12%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675932B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $788132.27    | 0.11%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2853746.18   | 0.40%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                           | CUSIP: 46247SFC3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1270741.51   | 0.18%             | 2028-05-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976ACR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3142629.00   | 0.44%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                                           | CARROLL CITY-CNTY GA HOSP AUTH                                     | CUSIP: 144709LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1573741.12   | 0.22%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westfield-Washington Multi-School Building Corp                                  | WESTFIELD-WASHINGTON IN MULTI-SCH BLDG CORP                        | CUSIP: 96023PPF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1921572.73   | 0.27%             | 2041-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS MF TAX-EXEMPT                 | CUSIP: 88275LAH9<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   5547388 | PA      | $4726382.55   | 0.66%             | 2038-05-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3408097.75   | 0.48%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                  | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                          | CUSIP: 032556NG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048820.90   | 0.15%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5499140.00   | 0.77%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Paso Independent School District                                              | EL PASO TX INDEP SCH DIST                                          | CUSIP: 283770PX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2507097.60   | 0.35%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1440062.01   | 0.20%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV              | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7468469.40   | 1.04%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares               | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     38455 | NS      | $38459.09     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Broome County Local Development Corp                                             | BROOME CNTY NY LOCAL DEV CORP REVENUE                              | CUSIP: 114731AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1789108.96   | 0.25%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CGD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114723.00   | 0.16%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                       | CUSIP: 14052WDM6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1613520.65   | 0.23%             | 2031-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                         | CUSIP: 7353894B1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7684955.60   | 1.07%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV       | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   8490000 | PA      | $9137543.34   | 1.28%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532KM5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3065418.40   | 0.43%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532PR9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119848.50   | 0.16%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                             | CUSIP: 472682ZK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3356677.50   | 0.47%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                            | CUSIP: 592190QT2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1835779.24   | 0.26%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CEV6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143822.30   | 0.16%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grand River Hospital District                                                    | GRAND RIVER CO HOSP DIST                                           | CUSIP: 386448EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $775650.29    | 0.11%             | 2045-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                               | CUSIP: 2077582A0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3390166.20   | 0.47%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                             | TOBACCO SETTLEMENT FING CORP RI                                    | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1454961.01   | 0.20%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                  | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139837.20   | 0.30%             | 2054-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                          | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH                          | CUSIP: 57585KSV1<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2031-07-01      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                       | CUSIP: 646140GS6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2848045.75   | 0.40%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                | CUSIP: 167560XF3<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2791998.00   | 0.39%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Energy Agency                                                 | KENTUCKY ST MUNI ENERGY AGY PWR SYS REVENUE                        | CUSIP: 491499AP4<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |   4245000 | PA      | $4653883.07   | 0.65%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX            | CUSIP: 89602HHE0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081168.60   | 0.15%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                           | CUSIP: 46247SFS8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2125414.80   | 0.30%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2179225.00   | 0.30%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                  | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2525412.60   | 0.35%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087964R5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1370669.25   | 0.19%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2017702.91   | 0.28%             | 2039-03-01      | Floating      | 2.18%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                                   | CUSIP: 45471AUS9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1169741.87   | 0.16%             | 2039-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $3085992.73   | 0.43%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                               | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2275653.45   | 0.32%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | HGR EDU FACS FING AUTH FL HGR EDUCTNL FACS REVENUE                 | CUSIP: 42982GAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4122788.40   | 0.58%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE            | CUSIP: 160853VA2<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.03%             | 2042-01-15      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE       | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4927352.85   | 0.69%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                     | CUSIP: 60637B5A4<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3380549.04   | 0.47%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3820988.05   | 0.53%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                 | CUSIP: 59335KEX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2411321.18   | 0.34%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                                | WAKE CNTY NC LIMITED OBLIG                                         | CUSIP: 930876JN8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1548382.50   | 0.22%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506DU94<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062227.40   | 0.29%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                               | AUSTIN TX INDEP SCH DIST                                           | CUSIP: 052430WX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2183667.60   | 0.31%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Water and Sewer Authority                                           | BUCKS CNTY PA WTR & SWR AUTH SWR SYS REVENUE                       | CUSIP: 118683JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1799698.39   | 0.25%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lake FL                                                                | LAKE CNTY FL EDUCTNL FACS REVENUE                                  | CUSIP: 50825CAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $327162.71    | 0.05%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                            | CUSIP: 677523LU4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5636589.50   | 0.79%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1671071.85   | 0.23%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                               | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1029940.70   | 0.14%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                                 | CUSIP: 052477QN9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3948017.15   | 0.55%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BK83<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3790000 | PA      | $4144072.03   | 0.58%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                     | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860095 | PA      | $2921468.57   | 0.41%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                  | CUSIP: 688031EW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1281839.00   | 0.18%             | 2041-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SS5<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    225000 | PA      | $233604.50    | 0.03%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTH REVENUE                              | CUSIP: 546398C30<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650000.00    | 0.09%             | 2047-07-01      | Variable      | 2.17%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966SCH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091535.10   | 0.15%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE                | CUSIP: 396649ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2623679.25   | 0.37%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087962J5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200018.48    | 0.03%             | 2041-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 1964795U9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    660000 | PA      | $671733.02    | 0.09%             | 2049-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2783293.99   | 0.39%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | MIAMI-DADE CNTY FL WTR & SWR REVENUE                               | CUSIP: 59334DNU4<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    750000 | PA      | $790120.65    | 0.11%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                          | CUSIP: 66285WR32<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2791391.75   | 0.39%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452153EU9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055560.80   | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57585BRS9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1364837.13   | 0.19%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                               | ALDINE TX INDEP SCH DIST                                           | CUSIP: 014393ZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3003275.28   | 0.42%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10298952.00  | 1.44%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD SPL FAC REVENUE                        | CUSIP: 64763KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1310739.00   | 0.18%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SR7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260663.58    | 0.04%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CGE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103053.30   | 0.15%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mississippi State University Educational Building Corp                           | MISSISSIPPI ST UNIV EDUCTNL BLDG CORP                              | CUSIP: 605699TQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1682632.64   | 0.24%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024179.00   | 0.14%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                             | BROOME CNTY NY LOCAL DEV CORP REVENUE                              | CUSIP: 114731AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1697460.80   | 0.24%             | 2036-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                             | CUSIP: 613603XE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2802917.85   | 0.39%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1585890.15   | 0.22%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE                       | CUSIP: 686087YJ0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    980000 | PA      | $983852.58    | 0.14%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | UNIV OF CINCINNATI OH RECPTS                                       | CUSIP: 9141196T4<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1251422.14   | 0.18%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRY           | CUSIP: 25457VBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $974700.00    | 0.14%             | 2065-01-01      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                     | CUSIP: 20772KNA3<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1051377.09   | 0.15%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528U6V8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2208892.40   | 0.31%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966SMP8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2044-08-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | UNIV OF CINCINNATI OH RECPTS                                       | CUSIP: 9141196S6<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1203850.90   | 0.17%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                               | GARLAND TX ELEC UTILITY SYS REVENUE                                | CUSIP: 366133VC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $602155.13    | 0.08%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VQ6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    840000 | PA      | $854992.32    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | SAINT CLOUD MN HLTH CARE REVENUE                                   | CUSIP: 78916VEP1<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1656101.85   | 0.23%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPN0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1134301.00   | 0.16%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                      | CUSIP: 93974E7C4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3245962.80   | 0.45%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $729750.00    | 0.10%             | 2032-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1430258.75   | 0.20%             | 2042-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV        | CUSIP: 70868YAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4415285.20   | 0.62%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584YJP5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2104631.60   | 0.29%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                   | CUSIP: 70878CAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1824833.82   | 0.26%             | 2041-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Grand River Hospital District                                                    | GRAND RIVER CO HOSP DIST                                           | CUSIP: 386448EX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $819475.58    | 0.11%             | 2044-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DuPage County School District No 58 Downers Grove                                | DU PAGE CNTY IL SCH DIST #58 DOWNERS GROVE                         | CUSIP: 263165JT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3438551.10   | 0.48%             | 2042-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DN57<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3217268.10   | 0.45%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                       | CUSIP: 64972E4L0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4010766.80   | 0.56%             | 2063-05-01      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1755402.66   | 0.25%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DBQ4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3520636.04   | 0.49%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 56681NHY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3661514.78   | 0.51%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971XHV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.10%             | 2042-08-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                        | CUSIP: 6589096S0<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   4610000 | PA      | $5054156.90   | 0.71%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                           | CUSIP: 542691KA7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256506.50   | 0.18%             | 2049-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                           | ELMHURST IL PARK DIST                                              | CUSIP: 289443JQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089049.20   | 0.15%             | 2043-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 167593K84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2622655.25   | 0.37%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452153EH8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2238690.20   | 0.31%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JGM4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1659747.30   | 0.23%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                     | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1355197.08   | 0.19%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPP5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130606.50   | 0.16%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV        | CUSIP: 70868YAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2694809.28   | 0.38%             | 2037-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                  | CUSIP: 93978HSH9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2380537.49   | 0.33%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2679341.04   | 0.37%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                       | CUSIP: 646140FU2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2227973.40   | 0.31%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1668716.32   | 0.23%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                    | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2367216.86   | 0.33%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                                   | CUSIP: 79467BJV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2199024.00   | 0.31%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                                 | CUSIP: 052477YS9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060225.50   | 0.15%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                              | PROSPER TX INDEP SCH DIST                                          | CUSIP: 7436003N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4471987.60   | 0.63%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                       | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4762555.50   | 0.67%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | WISCONSIN ST                                                       | CUSIP: 97705MY58<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1448971.16   | 0.20%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                         | CUSIP: 79642GTN2<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   4655000 | PA      | $5200295.54   | 0.73%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Authority                                                        | ALABAMA ST HIGHWAY AUTH SPL OBLIG REVENUE                          | CUSIP: 010559AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2221940.60   | 0.31%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                               | PLAZA AT NOAHS ARK CMNTY IMPT DIST MO TAX INCR & IMPT              | CUSIP: 72813LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $704762.57    | 0.10%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                  | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                          | CUSIP: 032556NF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049710.40   | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JJB5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2939075.98   | 0.41%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $731451.84    | 0.10%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675934C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1250906.72   | 0.17%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                               | CUSIP: 2202452L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3299278.92   | 0.46%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                             | CUSIP: 472682ZL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1678001.40   | 0.23%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD       | CUSIP: 592029CF7<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549215.55    | 0.08%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE               | CUSIP: 64990KJB0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2183985.80   | 0.31%             | 2047-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | VERMONT ST EDUCTNL & HLTH BLDGS FING AGY REVENUE                   | CUSIP: 924166LG4<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1495727.25   | 0.21%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Tech University System                                                     | TEXAS ST TECH UNIV REVENUES                                        | CUSIP: 882806KN1<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1305823.44   | 0.18%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                  | CUSIP: 83712DC79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152493.51    | 0.02%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2019-ML05 TRUST                                                            | Freddie Mac Multifamily ML Certificates                            | CUSIP: 30309HAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    550859 | PA      | $550220.11    | 0.08%             | 2033-11-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Southwestern Illinois Development Authority                                      | S WSTRN IL DEV AUTH REV                                            | CUSIP: 84552YTH4<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $4398485.29   | 0.62%             | 2043-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT        | CUSIP: 38122NZP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5349981.50   | 0.75%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** DEUTSCHE DWS TAX FREE TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer