# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0001752724-25-160135
**Filing Date:** 2025-6
**Character Count:** 141465
**Document Hash:** 2c0a82b7b71cbd144e3be7e9f47e6cd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160135.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160135

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20260131

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 251080077

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

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

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

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

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

## Series and Classes Contracts Data

### Fidelity Sustainable Intermediate Municipal Income Fund (Series ID: S000075893)

| Class ID   | Class Name                                                               | Ticker Symbol   |
|:---|:---|:---|
| C000235223 | Fidelity Sustainable Intermediate Municipal Income Fund                  | FSIKX           |
| C000235224 | Fidelity Advisor Sustainable Intermediate Municipal Income Fund: Class M | FASLX           |
| C000235225 | Fidelity Advisor Sustainable Intermediate Municipal Income Fund: Class C | FASNX           |
| C000235226 | Fidelity Advisor Sustainable Intermediate Municipal Income Fund: Class I | FASUX           |
| C000235227 | Fidelity Advisor Sustainable Intermediate Municipal Income Fund: Class Z | FASVX           |
| C000235228 | Fidelity Advisor Sustainable Intermediate Municipal Income Fund: Class A | FASJX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Sustainable Intermediate Municipal Income Fund**

**April 30, 2025**

SNT-NPRT1-0625

1.9904924.103 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 99.4%** | &nbsp;&nbsp;**Municipal Securities - 99.4%** | &nbsp;&nbsp;**Municipal Securities - 99.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Alabama - 7.1%  |  |  |
| Education - 0.3% |  |  |
| Homewood Ala Edl Bldg Auth Lease Rev (Samford University Proj.) Series 2024 A, 5.5% 10/1/2054  | 50000 | 50864 |
| Electric Utilities - 1.8% |  |  |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) 3.78% tender 6/1/2034 (b) | 100000 | 99940 |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) Series 2007A, 1% tender 6/1/2034 (b) | 205000 | 203994 |
|  |  | 303934 |
| General Obligations - 5.0% |  |  |
| Black Belt Energy Gas Dist Ala Gas Supply Rev 4% tender 7/1/2052 (Liquidity Facility Royal Bank of Canada), (Royal Bank of Canada Guaranteed) (b) | 10000 | 9994 |
| Black Belt Energy Gas District 5.5% tender 11/1/2053 (Goldman Sachs Group Inc/The Guaranteed) (b) | 100000 | 104242 |
| Southeast AL District Gas Supply Rev Series 2024 B, 5% tender 6/1/2049 (Morgan Stanley Guaranteed) (b) | 150000 | 156836 |
| Southeast Energy Auth Commodity Supply Rev Ala Series 2022 B 1, 5% tender 5/1/2053 (Goldman Sachs Group Inc/The Guaranteed) (b) | 20000 | 20543 |
| Southeast Energy Auth Coop Dist Ala Commodity Supply Rev Series 2023 B, 5% tender 1/1/2054 (Liquidity Facility Royal Bank of Canada), (Royal Bank of Canada Guaranteed) (b) | 140000 | 146086 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% tender 11/1/2055 (Pacific Life Insurance Co Guaranteed) (b) | 200000 | 209716 |
| Southeast Energy Authority A Cooperative District Series 2025A, 5% 6/1/2029 (Athene Annuity And Life Company Guaranteed)  | 190000 | 197086 |
|  |  | 844503 |
| TOTAL ALABAMA |  | 1199301 |
| Arizona - 2.7%  |  |  |
| General Obligations - 1.1% |  |  |
| Salt Verde Finl Corp Gas Rev AZ 5% 12/1/2032 (Citigroup Inc Guaranteed)  | 165000 | 173437 |
| Housing - 0.4% |  |  |
| Arizona Indl Dev Auth Rev (Lihtc Cert 2019-2 Proj.) Series 2 Class A, 3.625% 5/20/2033  | 79567 | 74561 |
| Industrial Development - 0.9% |  |  |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) 5% tender 9/1/2052 (b)(c) | 50000 | 50780 |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) Series 2007, 4.1% tender 12/1/2037 (b)(c) | 100000 | 99951 |
|  |  | 150731 |
| Water & Sewer - 0.3% |  |  |
| Phoenix AZ Cvc Imp Cor Wstwtr Series 2016, 5% 7/1/2030  | 50000 | 50797 |
| TOTAL ARIZONA |  | 449526 |
| California - 9.7%  |  |  |
| Education - 0.1% |  |  |
| California Mun Fn Auth Rev (CA Lutheran University Proj.) 5% 10/1/2025  | 15000 | 15024 |
| Electric Utilities - 0.0% |  |  |
| Riverside CA Elec Rev 5% 10/1/2043  | 5000 | 5175 |
| General Obligations - 3.3% |  |  |
| Elk Grove CA Uni Sch Dist Series 2019, 3.25% 8/1/2038  | 10000 | 8942 |
| Los Angeles Unified School District/CA Series 2024A, 5% 7/1/2030  | 150000 | 164232 |
| San Joaquin Valley Clean Energy Authority 5.5% tender 1/1/2056 (Goldman Sachs Group Inc/The Guaranteed) (b) | 150000 | 164726 |
| State of California Gen. Oblig. 5% 3/1/2037  | 200000 | 223994 |
|  |  | 561894 |
| Health Care - 0.9% |  |  |
| California Health Facilities Financing Authority (Providence Health Systems Proj.) Series 2019 C, 5% tender 10/1/2039 (b) | 150000 | 150652 |
| Housing - 1.1% |  |  |
| California Hsg Fin Agy Mun Ctfs (Lihtc 2019-2 CA Proj.) Series 2 Class A, 4% 3/20/2033  | 86658 | 85514 |
| California Hsg Fin Agy Mun Ctfs (Lihtc 2021-1 CA Proj.) Series 1 Class A, 3.5% 11/20/2035  | 103080 | 98028 |
|  |  | 183542 |
| Resource Recovery - 0.8% |  |  |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2023A, 4.375% tender 9/1/2053 (b)(c) | 140000 | 140199 |
| Special Tax - 0.1% |  |  |
| San Francisco CA BART Dist Tax Series 2015A, 5% 7/1/2027  | 10000 | 10031 |
| Transportation - 3.1% |  |  |
| Los Angeles CA Dept Arpts Rev Series 2023 A, 5.25% 5/15/2039 (c) | 300000 | 319989 |
| Los Angeles CA Hbr Dept Rev Series 2024 A 2, 5% 8/1/2038 (c) | 185000 | 196423 |
|  |  | 516412 |
| Water & Sewer - 0.3% |  |  |
| Los Angeles CA Dep Wtr & Pwr Wtrwks Rev Series 2017A, 5% 7/1/2032  | 15000 | 15213 |
| Los Angeles CA Dep Wtr & Pwr Wtrwks Rev Series 2022 B, 5% 7/1/2031  | 30000 | 31870 |
|  |  | 47083 |
| TOTAL CALIFORNIA |  | 1630012 |
| Colorado - 2.5%  |  |  |
| General Obligations - 0.1% |  |  |
| Colorado Ctfs of Prtn (Colorado St Proj.) Series 2020 A, 4% 12/15/2038  | 10000 | 9646 |
| Health Care - 0.4% |  |  |
| Colorado Health Facilities Authority (CommonSpirit Health Proj.) 5.25% 11/1/2037  | 60000 | 64007 |
| Special Tax - 2.0% |  |  |
| Vauxmont Metropolitan District 5% 12/1/2028 (Assured Guaranty Municipal Corp Insured)  | 325000 | 341460 |
| TOTAL COLORADO |  | 415113 |
| Connecticut - 3.0%  |  |  |
| Education - 1.1% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) 2.8% tender 7/1/2057 (b) | 150000 | 149309 |
| Connecticut State Health & Educational Facilities Authority (Yale University Proj.) Series A 2, 2% tender 7/1/2042 (b) | 35000 | 34435 |
|  |  | 183744 |
| General Obligations - 0.8% |  |  |
| Connecticut St Gen. Oblig. 3% 1/15/2039  | 25000 | 21343 |
| Connecticut St Gen. Oblig. 5% 7/15/2028  | 75000 | 79373 |
| Connecticut St Gen. Oblig. Series 2019 A, 5% 4/15/2033  | 25000 | 26424 |
|  |  | 127140 |
| Housing - 0.2% |  |  |
| Connecticut St Hsg Fin Auth Hsg Mtg Fin Prog (CT Hsg Mortgage Proj.) Series 2021D SUB D1, 5% 11/15/2027  | 10000 | 10446 |
| Connecticut St Hsg Fin Auth Hsg Mtg Fin Prog (CT Hsg Mortgage Proj.) Series 2021D SUB D1, 5% 11/15/2028  | 25000 | 26421 |
|  |  | 36867 |
| Special Tax - 0.9% |  |  |
| Connecticut St Spl Tax Oblig 4% 5/1/2036  | 130000 | 130412 |
| Connecticut St Spl Tax Oblig Series 2020 A, 5% 5/1/2029  | 20000 | 21419 |
|  |  | 151831 |
| TOTAL CONNECTICUT |  | 499582 |
| Delaware - 0.6%  |  |  |
| Electric Utilities - 0.6% |  |  |
| Delaware St Econ Dev Auth Rev (Delmarva Power & Light Proj.) 2.87% 10/1/2029 VRDN (b)(c) | 100000 | 100000 |
| District Of Columbia - 0.2%  |  |  |
| Education - 0.2% |  |  |
| District Columbia Univ Rev (Georgetown Univ, DC Proj.) Series 2017, 5% 4/1/2029  | 20000 | 20467 |
| District Columbia Univ Rev (Georgetown Univ, DC Proj.) Series 2017, 5% 4/1/2033  | 10000 | 10177 |
|  |  | 30644 |
| TOTAL DISTRICT OF COLUMBIA |  | 30644 |
| Florida - 5.2%  |  |  |
| General Obligations - 1.0% |  |  |
| Broward Cnty FL Sch Brd Ctfs Part (Broward County FL School District Proj.) Series 2020A, 5% 7/1/2033  | 25000 | 26646 |
| Hernando Cnty FL Sch Brd Ctfs (Hernando Cnty FL Sch Dist Proj.) Series 2016A, 3% 7/1/2034 (Assured Guaranty Municipal Corp Insured)  | 30000 | 27193 |
| Manatee Cnty FL Sch Brd Ctf Part (Manatee Cnty FL Sch Dist Proj.) 5% 7/1/2036  | 100000 | 109189 |
|  |  | 163028 |
| Health Care - 3.6% |  |  |
| Collier Cnty FL Indl Dev Auth Health Care Facs Rev (Naples Community Hosp Inc, Fl Proj.) Series 2024 B 2, 5% tender 10/1/2054 (Assured Guaranty Municipal Corp Insured) (b) | 100000 | 107019 |
| Escambia Cnty FL Hlth Fac Rev (Baptist Health Care Pensacola Proj.) Series 2020 A, 5% 8/15/2034  | 200000 | 207381 |
| Highlands County Health Facilities Authority (Advent Health Proj.) Series 2024C, 5% tender 11/15/2059 (b) | 100000 | 108726 |
| Lakeland FL Hosp Sys Rev (Lakeland FL Hosp Sys Rev Proj.) Series 2024, 5% 11/15/2036  | 75000 | 80573 |
| Palm Beach Cnty Fla Health Facs Auth Hosp Rev (Jupiter Medical Center Proj.) 5% 11/1/2035  | 100000 | 103877 |
|  |  | 607576 |
| Housing - 0.3% |  |  |
| Florida Hsg Fin Corp Rev (FL Homeownership Mortgage Proj.) 3.5% 7/1/2051  | 45000 | 44561 |
| Transportation - 0.0% |  |  |
| Florida Dev Fin Corp Rev (Brightline FL Proj.) Series 2024, 5% 7/1/2041 (c) | 10000 | 9697 |
| Water & Sewer - 0.3% |  |  |
| JEA FL Wtr & Swr Sys Rev Series 2017A, 5% 10/1/2029  | 25000 | 25962 |
| JEA FL Wtr & Swr Sys Rev Series 2020 A, 3% 10/1/2036  | 20000 | 17870 |
|  |  | 43832 |
| TOTAL FLORIDA |  | 868694 |
| Georgia - 5.4%  |  |  |
| Education - 0.8% |  |  |
| Fulton Cnty GA Dev Auth Rev (University System of GA Proj.) 5% 6/15/2044  | 10000 | 10161 |
| Private Colgs & Unvs Ath GA Rv (Emory University GA Proj.) Series B, 3% 10/1/2043  | 160000 | 124025 |
|  |  | 134186 |
| Electric Utilities - 3.0% |  |  |
| Bartow Cnty GA Dev Auth Pollution Cont Rev (Georgia Power Co Proj.) Series FIRST 2009, 3.95% tender 12/1/2032 (b) | 100000 | 101265 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series 2018, 2.4% 11/1/2052 VRDN (b) | 200000 | 200001 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FIRST 2008, 3.35% tender 11/1/2048 (b) | 100000 | 98392 |
| Monroe Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series SECOND 2009, 3.875% tender 10/1/2048 (b) | 100000 | 100183 |
|  |  | 499841 |
| General Obligations - 1.6% |  |  |
| Main Street Natural Gas Inc 4% tender 7/1/2052 (Royal Bank of Canada Guaranteed) (b) | 100000 | 99935 |
| Main Street Natural Gas Inc 5% tender 6/1/2055 (Toronto Dominion Bank Guaranteed) (b) | 150000 | 158342 |
| Main Street Natural Gas Inc Series 2022B, 5% tender 12/1/2052 (Citigroup Inc Guaranteed) (b) | 15000 | 15504 |
|  |  | 273781 |
| TOTAL GEORGIA |  | 907808 |
| Hawaii - 0.1%  |  |  |
| General Obligations - 0.1% |  |  |
| Honolulu HI City & Cnty Gen. Oblig. Series 2019 A, 5% 9/1/2027  | 10000 | 10459 |
| Illinois - 8.1%  |  |  |
| Education - 3.9% |  |  |
| Illinois Finance Authority (University of Illinois Proj.) Series 2019A, 5% 10/1/2029  | 250000 | 265587 |
| Illinois Finance Authority (University of Illinois Proj.) Series 2019A, 5% 10/1/2032  | 10000 | 10470 |
| Illinois Finance Authority (University of Illinois Proj.) Series 2019A, 5% 10/1/2038  | 100000 | 102424 |
| Illinois Finance Authority Rev (Lake Forest College Proj.) Series 2022A, 5% 10/1/2032  | 100000 | 103434 |
| Illinois Finance Authority Rev (Univ of Chicago, IL Proj.) 5% 5/15/2038  | 150000 | 159824 |
|  |  | 641739 |
| General Obligations - 0.9% |  |  |
| Illinois St Gen. Oblig. Series MAY 2023 C, 5% 5/1/2029  | 50000 | 52427 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2038  | 100000 | 104909 |
|  |  | 157336 |
| Health Care - 0.9% |  |  |
| Illinois Fin Auth Rev (Ascension Health Credit Group Proj.) Series 2016 C, 5% 2/15/2036  | 60000 | 60837 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) 3.125% 5/15/2037  | 65000 | 54525 |
| Illinois Finance Authority Rev (Ascension Health Credit Group Proj.) Series 2016 C, 4% 2/15/2041  | 45000 | 41337 |
|  |  | 156699 |
| Housing - 0.1% |  |  |
| Illinois Housing Dev Auth (IL Hsg Revenue Bonds 3/1/2016 Proj.) Series 2019 D, 3.75% 4/1/2050  | 20000 | 19938 |
| Special Tax - 1.0% |  |  |
| Illinois St Sales Tax Rev Series FEBRUARY 2024 B, 5% 6/15/2038  | 160000 | 170072 |
| Water & Sewer - 1.3% |  |  |
| Illinois Finance Authority Rev (IL Wtr State Rev Fund Proj.) 0% 7/1/2035 (d) | 200000 | 222642 |
| TOTAL ILLINOIS |  | 1368426 |
| Indiana - 2.2%  |  |  |
| Electric Utilities - 0.6% |  |  |
| Indiana St Fin Auth Environmental Rev (Duke Energy Ind Inc Proj.) 4.5% tender 5/1/2035 (b)(c) | 100000 | 100375 |
| Housing - 1.0% |  |  |
| Indiana St Hsg & Cmnty Dev Single Fam Hsg Rev (IN Sfm Revenue Bonds 6/1/2016 Proj.) 5% 1/1/2028  | 15000 | 15661 |
| Indiana St Hsg & Cmnty Dev Single Fam Hsg Rev (IN Sfm Revenue Bonds 6/1/2016 Proj.) 5% 7/1/2028  | 115000 | 120924 |
| Indiana St Hsg & Cmnty Dev Single Fam Hsg Rev (IN Sfm Revenue Bonds 6/1/2016 Proj.) Series 2021 A, 5% 7/1/2028  | 25000 | 26288 |
|  |  | 162873 |
| Water & Sewer - 0.6% |  |  |
| Indiana St Fin Auth Rev (Indiana State Revolving Fund Program Proj.) 5% 2/1/2042 (d) | 100000 | 106566 |
| TOTAL INDIANA |  | 369814 |
| Iowa - 1.2%  |  |  |
| Education - 1.2% |  |  |
| Iowa Student Ln Liquidity Corp 5% 12/1/2029 (c) | 100000 | 103664 |
| Iowa Student Ln Liquidity Corp Series 2023 B, 5% 12/1/2029 (c) | 100000 | 103664 |
|  |  | 207328 |
| TOTAL IOWA |  | 207328 |
| Kentucky - 1.5%  |  |  |
| Education - 0.7% |  |  |
| Kentucky Bd Dev Corp Edl Facs Rev (Centre College Proj.) Series 2021, 4% 6/1/2032  | 105000 | 105895 |
| Kentucky Bd Dev Corp Edl Facs Rev (Centre College Proj.) Series 2021, 4% 6/1/2033  | 5000 | 5024 |
| Kentucky Bd Dev Corp Edl Facs Rev (Centre College Proj.) Series 2021, 4% 6/1/2035  | 15000 | 14983 |
|  |  | 125902 |
| General Obligations - 0.8% |  |  |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev 5% tender 5/1/2055 (Goldman Sachs Group Inc/The Guaranteed) (b) | 20000 | 20770 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024 A1, 5.25% tender 4/1/2054 (Morgan Stanley Guaranteed) (b) | 100000 | 106249 |
|  |  | 127019 |
| TOTAL KENTUCKY |  | 252921 |
| Louisiana - 0.6%  |  |  |
| Industrial Development - 0.6% |  |  |
| St John Baptist Parish LA Rev (Conocophillips Inc Proj.) 4.05% tender 6/1/2037 (b) | 100000 | 100206 |
| Maine - 0.1%  |  |  |
| Education - 0.1% |  |  |
| Maine Health & Higher Edl Facs Auth Rev (University of New England Proj.) Series 2017 B, 5% 7/1/2028  | 10000 | 10292 |
| Maryland - 1.9%  |  |  |
| Education - 0.0% |  |  |
| University MD Sys Auxiliary Fac & Tuition Series 2018 A, 3.125% 4/1/2035  | 15000 | 14090 |
| General Obligations - 1.4% |  |  |
| Baltimore Cnty MD 5% 3/1/2037  | 150000 | 168672 |
| Montgomery Cnty MD Ctfs Partn (Montgomery Cnty MD Proj.) Series 2020 A, 5% 10/1/2027  | 50000 | 52313 |
| State of Maryland Gen. Oblig. Series SECOND 2020A GRP2, 5% 8/1/2034  | 15000 | 16183 |
|  |  | 237168 |
| Special Tax - 0.2% |  |  |
| Maryland St Dept Transn Cons Series 2016, 4% 9/1/2027  | 15000 | 15324 |
| Maryland St Dept Transn Cons Series 2021 A, 2% 10/1/2034  | 15000 | 12173 |
|  |  | 27497 |
| Water & Sewer - 0.3% |  |  |
| Baltimore MD Proj Rev (Baltimore Wtr Util Rev Proj.) Series 2017 A, 5% 7/1/2028  | 45000 | 46322 |
| TOTAL MARYLAND |  | 325077 |
| Massachusetts - 4.5%  |  |  |
| Education - 0.5% |  |  |
| Massachusetts Development Finance Agency (Simmons College, MA Proj.) Series 2018 L, 5% 10/1/2033  | 35000 | 35048 |
| University MA Bldg Auth Rev (Univ of Massachusetts Proj.) Series 2021 1, 5% 11/1/2032  | 50000 | 53988 |
|  |  | 89036 |
| Escrowed/Pre-Refunded - 0.1% |  |  |
| Mass Bay Tran Auth Sls Tax Series B, 5% 7/1/2026 (Pre-refunded to 7/1/2025 at 100)  | 10000 | 10025 |
| General Obligations - 2.9% |  |  |
| Arlington MA Series 2021, 2% 9/15/2034  | 275000 | 226918 |
| Arlington MA Series 2021, 2% 9/15/2035  | 100000 | 80346 |
| Billerica MA Gen. Oblig. Series 2017A, 3.125% 2/1/2034  | 100000 | 94259 |
| Foxborough Mass Gen. Oblig. Series 2016, 3% 5/15/2046  | 25000 | 18908 |
| Mansfield MA Gen. Oblig. Series 2017, 3.5% 5/15/2042  | 20000 | 17236 |
| Massachusetts St Gen. Oblig. Series 2016A, 5% 7/1/2031  | 10000 | 10189 |
| Massachusetts St Gen. Oblig. Series 2017D, 5% 7/1/2027  | 25000 | 26080 |
| Massachusetts St Gen. Oblig. Series A, 5% 4/1/2036  | 15000 | 15318 |
|  |  | 489254 |
| Health Care - 0.6% |  |  |
| Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2020A 1, 5% tender 7/1/2050 (b) | 20000 | 21281 |
| Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) Series 2021 G, 4% 7/1/2046  | 75000 | 65425 |
| Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) 5% 7/1/2032  | 15000 | 15411 |
|  |  | 102117 |
| Special Tax - 0.4% |  |  |
| Mass Bay Tran Auth Sls Tax Series 2016, 0% 7/1/2029 (e) | 5000 | 4265 |
| Mass Bay Tran Auth Sls Tax Series 2021 A 1, 5% 7/1/2035  | 45000 | 48870 |
| Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2032  | 10000 | 10872 |
|  |  | 64007 |
| TOTAL MASSACHUSETTS |  | 754439 |
| Michigan - 1.2%  |  |  |
| Education - 1.0% |  |  |
| Wayne St Univ MI Univ Revs Series 2024A, 5% 11/15/2034 (Build America Mutual Assurance Co Insured)  | 150000 | 167035 |
| General Obligations - 0.0% |  |  |
| Lake Orion MI Sch Dist 5% 5/1/2025 (State of Michigan Guaranteed)  | 10000 | 9999 |
| Health Care - 0.2% |  |  |
| Michigan Fin Auth Rev (Bronson Methodist Hsp, Mi Proj.) Series 2019 B, 5% tender 11/15/2044 (b) | 10000 | 10170 |
| Michigan Fin Auth Rev (Henry Ford Health Care Corp,Mi Proj.) Series 2016, 5% 11/15/2028  | 15000 | 15336 |
|  |  | 25506 |
| TOTAL MICHIGAN |  | 202540 |
| Minnesota - 2.5%  |  |  |
| Education - 0.6% |  |  |
| Minnesota Higher Ed Facs Auth Rev (University Of St Thomas, Mn Proj.) Series 2024 B 2, 5% tender 10/1/2053 (b) | 100000 | 104744 |
| General Obligations - 1.4% |  |  |
| Anoka-Hennepin MN Ind Sch Dist No 11 Series 2020 A, 4% 2/1/2029 (Minnesota St Guaranteed)  | 10000 | 10200 |
| Minnesota Housing Finance Agency (Minnesota St Proj.) Series 2020B, 4% 8/1/2036  | 15000 | 14900 |
| Minnesota Housing Finance Agency (Minnesota St Proj.) Series 2022 A, 5% 8/1/2032  | 100000 | 109639 |
| Minnesota St Gen. Oblig. Series 2019 A, 5% 8/1/2030  | 15000 | 16188 |
| Waconia Minn Isd No 110 Series 2015B, 3.25% 2/1/2039 (Minnesota St Guaranteed)  | 110000 | 96273 |
|  |  | 247200 |
| Housing - 0.5% |  |  |
| Minneapolis MN Multifamily Rev Series 2019, 2.46% 1/1/2038 (Fannie Mae Guaranteed)  | 97325 | 75618 |
| TOTAL MINNESOTA |  | 427562 |
| Nebraska - 0.8%  |  |  |
| Health Care - 0.8% |  |  |
| Douglas Cnty NE Hosp Auth #2 (Nebraska Children's Hospital Proj.) Series 2020 A, 5% 11/15/2030  | 125000 | 134024 |
| New Hampshire - 1.0%  |  |  |
| Education - 0.3% |  |  |
| New Hampshire Health and Education Facilities Authority Act (New Hampshire Higher Ed Ln Proj.) Series 2023 B, 5.5% 11/1/2031 (c) | 50000 | 53270 |
| Health Care - 0.1% |  |  |
| New Hampshire Health and Education Facilities Authority Act (Concord Hospital Inc Proj.) Series 2017, 5% 10/1/2042  | 15000 | 15055 |
| New Hampshire Health and Education Facilities Authority Act (Mass General Brigham Inc Proj.) 5% 7/1/2025  | 5000 | 5012 |
|  |  | 20067 |
| Housing - 0.6% |  |  |
| New Hampshire Business Finance Authority (Lihtc 2022-2 Us Proj.) Series 2 Class A, 4% 10/20/2036  | 96567 | 92422 |
| TOTAL NEW HAMPSHIRE |  | 165759 |
| New Jersey - 4.7%  |  |  |
| Education - 1.1% |  |  |
| Gloucester Cnty NJ Impt Auth Rev (Rowan Univ Proj.) Series 2024, 5% 7/1/2034 (Build America Mutual Assurance Co Insured)  | 150000 | 162260 |
| New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2036  | 15000 | 15664 |
|  |  | 177924 |
| General Obligations - 3.6% |  |  |
| New Jersey Trans Trust Fund Auth 0% 12/15/2031 (e) | 50000 | 38924 |
| New Jersey Trans Trust Fund Auth 5% 6/15/2033  | 100000 | 109017 |
| New Jersey Trans Trust Fund Auth 5% 6/15/2033  | 95000 | 102060 |
| New Jersey Trans Trust Fund Auth 5% 6/15/2035  | 200000 | 219123 |
| New Jersey Trans Trust Fund Auth Series 2018 A, 5% 12/15/2032  | 100000 | 104043 |
| New Jersey Trans Trust Fund Auth Series 2022 A, 4% 6/15/2039  | 30000 | 28685 |
|  |  | 601852 |
| Health Care - 0.0% |  |  |
| New Jersey Health Care (Rwj Barnabas Health Proj.) 5% 7/1/2033  | 10000 | 10123 |
| TOTAL NEW JERSEY |  | 789899 |
| New Mexico - 0.6%  |  |  |
| General Obligations - 0.6% |  |  |
| New Mexico Mun Energy Acquisition Auth Gas Supply Rev 5% tender 6/1/2054 (Royal Bank of Canada Guaranteed) (b) | 100000 | 104758 |
| New York - 6.6%  |  |  |
| Education - 0.2% |  |  |
| Dutchess Cnty NY Loc Dev Corp Rev (Vassar College, NY Proj.) Series 2020, 5% 7/1/2045  | 25000 | 25400 |
| Electric Utilities - 0.1% |  |  |
| Long Island Pwr Auth NY Elec Series 2018, 5% 9/1/2027  | 15000 | 15709 |
| General Obligations - 0.3% |  |  |
| New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series S 1, 5% 7/15/2028  | 50000 | 51745 |
| Housing - 2.3% |  |  |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2023E 2, 3.8% tender 11/1/2063 (b) | 50000 | 50263 |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2024 A2, 3.625% tender 11/1/2063 (b) | 150000 | 150209 |
| New York St Hsg Fin Agy Series 2023 E 2, 3.875% tender 11/1/2063 (b) | 20000 | 20042 |
| New York St Hsg Fin Agy Series 2024 A, 3.375% tender 11/1/2063 (b) | 150000 | 149281 |
|  |  | 369795 |
| Special Tax - 1.4% |  |  |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) 5% 2/15/2031  | 10000 | 10257 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2019 D, 4% 2/15/2036  | 15000 | 14900 |
| New York State Urban Development Corp (New York State Pit Proj.) Series 2020 E, 4% 3/15/2035  | 30000 | 29952 |
| New York Urban Eev Corp Sales Tax Rev (New York State Sales Tax Rev Proj.) Series 2019 A, 5% 3/15/2037  | 80000 | 83744 |
| NY Payroll Mobility Tax 4% 11/15/2034  | 100000 | 103369 |
|  |  | 242222 |
| Transportation - 2.3% |  |  |
| Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2027  | 20000 | 20809 |
| Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2029  | 50000 | 51865 |
| Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2031  | 140000 | 144669 |
| Metropolitan Transn Auth NY Rv Series 2019 C, 5% 11/15/2039  | 70000 | 71940 |
| New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2023, 6% 4/1/2035 (c) | 100000 | 109115 |
|  |  | 398398 |
| TOTAL NEW YORK |  | 1103269 |
| North Carolina - 1.5%  |  |  |
| General Obligations - 1.3% |  |  |
| Wake Cnty Ltd Oblig (Wake Cnty NC Proj.) 5% 5/1/2036 (d) | 200000 | 224406 |
| Health Care - 0.2% |  |  |
| Atrium Health Series 2021C, 5% tender 1/15/2050 (b) | 25000 | 26412 |
| TOTAL NORTH CAROLINA |  | 250818 |
| Ohio - 3.3%  |  |  |
| Electric Utilities - 1.0% |  |  |
| Ohio St Air Quality Dev Auth (Duke Energy Corp New Proj.) Series 2022A, 4.25% tender 11/1/2039 (b)(c) | 150000 | 150764 |
| General Obligations - 1.2% |  |  |
| Cuyahoga OH Cmnty College Dist Gen. Oblig. Series 2018, 3.5% 12/1/2039  | 30000 | 26633 |
| Ohio St Spl Oblig (State of Ohio Proj.) 5% 4/1/2041  | 20000 | 20835 |
| Perrysburg OH Exmp Vlg Sch Dist Series 2015, 3.75% 12/1/2043  | 50000 | 43296 |
| Port of Greater Cincinnati Development Authority (Mariemont OH City Sch Dist Proj.) Series 2019, 3.25% 12/1/2035  | 115000 | 107192 |
| State of Ohio Gen. Oblig. Series 2019 A, 5% 5/1/2030  | 20000 | 20671 |
|  |  | 218627 |
| Health Care - 0.7% |  |  |
| Muskingum Cnty OH Hosp Facs (Genesis Healthcare Proj.) Series 2013, 5% 2/15/2048  | 50000 | 47086 |
| Scioto Cnty OH Hsp Facs Rev (Southern OH Medical Center Proj.) Series 2016, 3.5% 2/15/2038  | 85000 | 73310 |
|  |  | 120396 |
| Housing - 0.4% |  |  |
| Ohio St Hsg Fin Agy Residential Mtg Rev (OH Residential Mortgage Proj.) Series 2019B, 4.5% 3/1/2050  | 60000 | 60537 |
| TOTAL OHIO |  | 550324 |
| Oklahoma - 0.1%  |  |  |
| Education - 0.1% |  |  |
| Oklahoma St Univ Agri & Mechanical College Rev Series 2020 A, 5% 9/1/2032  | 10000 | 10766 |
| Oregon - 1.1%  |  |  |
| Health Care - 1.1% |  |  |
| Medford OR Hosp Facs Auth Rev (Asante Health System Proj.) Series 2020 A, 5% 8/15/2038  | 10000 | 10275 |
| Oregon St Facs Auth Rev (Legacy Health System, or Proj.) 5% 6/1/2030  | 30000 | 31976 |
| Union Cnty Ore Hosp Fac Auth Rev (Grande Ronde Hospital Proj.) Series 2022, 5% 7/1/2025  | 150000 | 150130 |
|  |  | 192381 |
| TOTAL OREGON |  | 192381 |
| Pennsylvania - 1.1%  |  |  |
| Education - 0.4% |  |  |
| Delaware Cnty PA College Rev (Haverford College Proj.) Series 2017 A, 3.75% 10/1/2046  | 85000 | 72664 |
| General Obligations - 0.1% |  |  |
| Council Rock PA Sch Dist Series 2016A, 3.125% 11/15/2034  | 25000 | 22557 |
| Health Care - 0.6% |  |  |
| Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) 5% 7/15/2027  | 50000 | 50105 |
| Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) 5% 7/15/2028  | 35000 | 34822 |
| Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2019, 5% 9/1/2031  | 10000 | 10548 |
|  |  | 95475 |
| TOTAL PENNSYLVANIA |  | 190696 |
| Rhode Island - 0.6%  |  |  |
| Education - 0.6% |  |  |
| Rhode Island St Student Ln Series 2021 A, 5% 12/1/2030 (c) | 100000 | 103712 |
| Tennessee - 1.3%  |  |  |
| General Obligations - 0.3% |  |  |
| Metropolitan Govt Nashville & Davidson Cnty TN Gen. Oblig. Series 2021 C, 5% 1/1/2028  | 50000 | 52529 |
| Health Care - 0.4% |  |  |
| Knox Cnty TN Health Edl & Hsg Fac Rev (Univ Health System, TN Proj.) 5% 4/1/2027  | 20000 | 20348 |
| Shelby Cnty TN Hlth Edl & Hsg Facs (Methodist Le Bonheur Health Proj.) Series 2017A, 3.375% 5/1/2032  | 45000 | 43077 |
|  |  | 63425 |
| Housing - 0.6% |  |  |
| Knoxville Cnty Tenn Health Edl& Hsg Fac Brd Multifamily Hsgrev Series 2024, 3.1% tender 9/1/2029 (b) | 100000 | 99545 |
| TOTAL TENNESSEE |  | 215499 |
| Texas - 5.1%  |  |  |
| Education - 0.1% |  |  |
| University Houston TX Univ Rev Series 2021 A, 2% 2/15/2033  | 25000 | 20872 |
| General Obligations - 0.5% |  |  |
| Alvin Tex Indpt Sch Dist Series 2016 A, 5% 2/15/2028 (Permanent Sch Fund of Texas Guaranteed)  | 25000 | 25377 |
| Wichita Falls TX Indpt Sch Dis Series 2021, 4% 2/1/2028 (Permanent Sch Fund of Texas Guaranteed)  | 50000 | 51069 |
|  |  | 76446 |
| Health Care - 1.6% |  |  |
| Harris Cnty TX Cultural Ed Facs Fin Corp Rev (Memorial Hermann Hosp System Proj.) 5% 7/1/2037  | 100000 | 108106 |
| Tarrant Cnty TX Cultural Ed Facs Fin Corp Hosp Rev (Cook Childrens Medical Center Proj.) 5% 12/1/2035  | 150000 | 168155 |
|  |  | 276261 |
| Housing - 0.6% |  |  |
| Capital Area Hsg Fin Corp Tex Multi Family Hsg Rev Series 2024, 3.125% tender 9/1/2029 (b) | 100000 | 99601 |
| Resource Recovery - 0.6% |  |  |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2024, 4% tender 6/1/2054 (b)(c) | 100000 | 96951 |
| Water & Sewer - 1.7% |  |  |
| City of El Paso TX Water & Sewer Revenue 5% 3/1/2040  | 100000 | 105822 |
| San Antonio TX Wtr Rev 5% 5/15/2027  | 10000 | 10385 |
| San Antonio TX Wtr Rev Series 2018A, 5% 5/15/2033  | 5000 | 5204 |
| San Antonio TX Wtr Rev Series 2022B, 5% 5/15/2036  | 105000 | 113712 |
| Tarrant Regional Water District (Dallas TX Wtrwks & Swr Sys Rev Proj.) Series 2021 A, 4% 9/1/2025  | 45000 | 45114 |
|  |  | 280237 |
| TOTAL TEXAS |  | 850368 |
| Virginia - 3.0%  |  |  |
| Electric Utilities - 0.6% |  |  |
| Louisa VA (Virginia Electric And Power Co Proj.) Series 2008B, 0.75% tender 11/1/2035 (b) | 105000 | 103427 |
| General Obligations - 1.3% |  |  |
| Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2017 E, 5% 2/1/2030  | 15000 | 15574 |
| Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2017 E, 5% 2/1/2031  | 10000 | 10367 |
| Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2019A, 3% 2/1/2036  | 15000 | 13382 |
| Virginia Comwlth Transn Brd Tr (Virginia St Proj.) 5% 5/15/2027  | 15000 | 15602 |
| Virginia Comwlth Transn Brd Tr (Virginia St Proj.) 5% 5/15/2029  | 60000 | 62639 |
| Virginia Comwlth Transn Brd Tr (Virginia St Proj.) Series 2019, 3% 5/15/2033  | 100000 | 93468 |
|  |  | 211032 |
| Housing - 1.1% |  |  |
| Fairfax Cnty VA Redev & Hsg Auth Multi-Family Hsg Rev 5% tender 1/1/2045 (b) | 180000 | 185385 |
| TOTAL VIRGINIA |  | 499844 |
| Washington - 5.1%  |  |  |
| Education - 1.4% |  |  |
| Washington St Univ Revs Series 2025, 5% 4/1/2030  | 200000 | 216205 |
| Electric Utilities - 1.4% |  |  |
| Energy Norwthwest WA Elec Rev Series 2020 A, 5% 7/1/2034 (Bonneville Power Administration Guaranteed)  | 95000 | 101989 |
| Grant Cnty WA Pub Util Dist 2 Hydro Elec Rev Series 2024 B, 4% 1/1/2044  | 150000 | 139209 |
|  |  | 241198 |
| General Obligations - 1.1% |  |  |
| State of Washington Gen. Oblig. Series 2018 A, 5% 8/1/2027  | 50000 | 52272 |
| State of Washington Gen. Oblig. Series 2020A, 5% 8/1/2027  | 65000 | 67953 |
| State of Washington Gen. Oblig. Series 2020C, 5% 2/1/2037  | 15000 | 15879 |
| State of Washington Gen. Oblig. Series R 2017A, 5% 8/1/2030  | 10000 | 10208 |
| State of Washington Gen. Oblig. Series R 2018 D, 5% 8/1/2033  | 20000 | 20584 |
| State of Washington Gen. Oblig. Series R 2018C, 5% 8/1/2030  | 25000 | 25840 |
|  |  | 192736 |
| Health Care - 1.2% |  |  |
| Washington St Health Care Facs Auth Rev (CommonSpirit Health Proj.) Series 2019 A 2, 5% 8/1/2033  | 10000 | 10418 |
| Washington St Health Care Facs Auth Rev (Overlake Hospital Med Ctr, WA Proj.) 5% 7/1/2027  | 25000 | 25511 |
| Washington St Health Care Facs Auth Rev (Overlake Hospital Med Ctr, WA Proj.) Series 2017 A, 4% 7/1/2037  | 125000 | 118605 |
| Washington St Health Care Facs Auth Rev (Providence Health Systems Proj.) Series 2018 B, 5% 10/1/2033  | 45000 | 46139 |
|  |  | 200673 |
| TOTAL WASHINGTON |  | 850812 |
| West Virginia - 0.7%  |  |  |
| Health Care - 0.7% |  |  |
| West Virginia St Hosp Fin Auth Hosp Rev (Cabell-Huntington Hsp, WV Proj.) Series 2018 A, 5% 1/1/2043  | 70000 | 69531 |
| West Virginia St Hosp Fin Auth Hosp Rev (West Virginia United Health Sy Stem Proj.) Series 2016A, 3.25% 6/1/2039  | 60000 | 50683 |
|  |  | 120214 |
| TOTAL WEST VIRGINIA |  | 120214 |
| Wisconsin - 2.5%  |  |  |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Wisconsin General Fund Annual Appropiation 5% 5/1/2025  | 10000 | 10000 |
| Wisconsin General Fund Annual Appropiation 5% 5/1/2026  | 20000 | 20384 |
|  |  | 30384 |
| General Obligations - 1.0% |  |  |
| Wisconsin St Gen. Oblig. Series 2025 1, 5% 5/1/2034  | 150000 | 170095 |
| Health Care - 1.3% |  |  |
| Public Finance Authority (Blue Ridge Healthcare Proj.) Series 2020 A, 5% 1/1/2031  | 160000 | 167418 |
| Wisconsin Health & Educational Facilities Authority (Ascension Health Credit Group Proj.) Series 2013 B 2, 4% 11/15/2043  | 55000 | 49722 |
|  |  | 217140 |
| Housing - 0.0% |  |  |
| Wisconsin Hsg & Economic Dev Auth Multifamily Hsg Series 2024J, 5% tender 8/1/2058 (b) | 5000 | 5083 |
| TOTAL WISCONSIN |  | 422702 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $16,811,657) |  | <br> **16685589** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.7%** | &nbsp;&nbsp;**Money Market Funds - 2.7%** | &nbsp;&nbsp;**Money Market Funds - 2.7%** | &nbsp;&nbsp;**Money Market Funds - 2.7%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Municipal Cash Central Fund (f)(g)<br>(Cost $467,198)<br>| 3.31 | 467105 | **467198** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 102.1%**<br> (Cost $17,278,855)<br>| <br>**17152787** |
| **NET OTHER ASSETS (LIABILITIES) - (2.1)%**  | **(359871)** |
| **NET ASSETS - 100.0%** | **16792916** |

---

**Security Type Abbreviations**

VRDN - VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(c) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(d) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(e) Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.

(f) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.

(g) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 51 | 1044072 | 576925 | 3221 | - | - | 467198 | 467105 | 0.0% |
| Total | 51 | 1044072 | 576925 | 3221 | - | - | 467198 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

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

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Sustainable Intermediate Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000075893

- **c. LEI of Series:** 549300ZZSEFBO3PFRO34

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $17264200.31

**Total Liabilities:** $508194.38

**Net Assets:** $16756005.93

**Delayed Delivery Securities:** $441248.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 696.21893387 | **1-Year:** 2486.04537233 | **5-Year:** 4182.98114417 | **10-Year:** 1848.01934540 | **30-Year:** 67.59946317

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

- **3-Month:** 3.21878500 | **1-Year:** 9.16983000 | **5-Year:** 14.01899500 | **10-Year:** 15.72812500 | **30-Year:** 3.59263500

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235224 | -3.03%               | -1.43%               | -0.36%               |
| Class ID C000235228 | -3.03%               | -1.43%               | -0.36%               |
| Class ID C000235223 | 1.03%                | -1.41%               | -0.34%               |
| Class ID C000235225 | 0.03%                | -1.57%               | -0.48%               |
| Class ID C000235227 | 1.03%                | -1.40%               | -0.34%               |
| Class ID C000235226 | 1.03%                | -1.41%               | -0.34%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12013.57                | $126185.52                                 |
| Month 2  | $-572.89                 | $-295413.80                                |
| Month 3  | $1982.20                 | $-100452.30                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JEA FLA WTR and SWR SYS REV                                                        | JEA FL WTSW 5% 10/1/2029                                  | CUSIP: 46613P3J3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25962.00     | 0.15%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA DEV AUTH REV                                                        | FULTON CNY GA 5% 6/15/2044                                | CUSIP: 36005FCR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10161.19     | 0.06%             | 2044-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5% 6/15/2035                                    | CUSIP: 64613CFW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219122.76    | 1.31%             | 2035-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BD DEV CORP EDL FACSREV                                                   | KENTUCKY BD 4% 6/1/2032                                   | CUSIP: 49120ABD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105894.95    | 0.63%             | 2032-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                     | CT ST/SBAM 3% 01/15/39                                    | CUSIP: 20772KJL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $21342.83     | 0.13%             | 2039-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP REV                                                           | FL HSG FIN CORP 3.50% 7/1/2051                            | CUSIP: 34074MUL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44560.79     | 0.27%             | 2051-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FOXBOROUGH MASS                                                                    | FOXBOROUGH MA 3% 5/15/2046                                | CUSIP: 351640TM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $18908.12     | 0.11%             | 2046-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ELK GROVE CA UNI SCH DIST                                                          | ELK GROVE CA 3.25% 8/1/2038                               | CUSIP: 287281WU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $8941.80      | 0.05%             | 2038-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TARRANT REGL WTR DIST TEX WTR TRANSMISSION FACS CONTRACT REV                       | TARRANT REGL TX 4% 9/1/2025                               | CUSIP: 876448EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45114.19     | 0.27%             | 2025-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN CONS                                                       | MD DOT CONS TRN 4% 9/1/2027                               | CUSIP: 574204E90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15324.29     | 0.09%             | 2027-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 2.80% 7/1/2057                             | CUSIP: 20775DUY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149308.82    | 0.89%             | 2057-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COLLEGE BLDG AUTH EDL                                                     | VA COLL BLDG 3% 2/1/2036                                  | CUSIP: 92778VGP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $13381.71     | 0.08%             | 2036-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 2/1/2037                                         | CUSIP: 93974EEK8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15879.12     | 0.09%             | 2037-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCH BRD CTFS P                                                     | BROWARD FL SD C 5% 7/1/2033                               | CUSIP: 115065C51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26646.92     | 0.16%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% MT                                     | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158342.37    | 0.94%             | 2055-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                                                                  | BATL CNTY MD 5% 3/1/2037                                  | CUSIP: 05914GLM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168671.58    | 1.01%             | 2037-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/1/2033                                | CUSIP: 93978HWC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10418.21     | 0.06%             | 2033-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NEW JERSEY ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER | CUSIP: 646136XJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $38923.76     | 0.23%             | 2031-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5% 6/15/2033                                    | CUSIP: 64613CBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109017.13    | 0.65%             | 2033-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR HOSP FACS AUTH                                                          | MEDFORD OR HFA 5% 8/15/2038                               | CUSIP: 584283GX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10275.01     | 0.06%             | 2038-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                      | ST JOHN BAP REV 4.05% MT                                  | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100206.48    | 0.60%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUN CTFS                                                    | CALIFORNIA HG 4% 3/20/2033                                | CUSIP: 13033DAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     86658 | PA      | $85513.69     | 0.51%             | 2033-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                     | CT ST 5% 4/15/2033                                        | CUSIP: 20772KGB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26424.19     | 0.16%             | 2033-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 5% 7/1/2035                                | CUSIP: 45204FH81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222642.26    | 1.33%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 8/1/2027                                         | CUSIP: 93974DN61<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52271.57     | 0.31%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DISTGAS SUPPLY REV                                        | SOUTHEAST ALA PREP 5% MT                                  | CUSIP: 84131TBT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156836.18    | 0.94%             | 2049-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                        | MONROE GA PCR (GEORGIA PWR CO PLT SCHERER) 3.88% 10/1/48  | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100183.22    | 0.60%             | 2048-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                       | CONNECTICUT S 5% 11/15/2027                               | CUSIP: 20775HLC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10446.23     | 0.06%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MUSKINGUM CNTY OH HOSP FACS                                                        | MUSKINGUM CNTY OH 5% 2/15/48                              | CUSIP: 628077CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47085.52     | 0.28%             | 2048-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.35% 11/1/2048                              | CUSIP: 121342QP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98392.11     | 0.59%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GLOUCESTER CNTY NJ IMPT AUTH REV                                                   | GLOUCESTER IMPT 5% 7/1/2034                               | CUSIP: 37970PLJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162259.65    | 0.97%             | 2034-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BILLERICA MA                                                                       | BILLERICA MA 3.125% 2/1/2034                              | CUSIP: 09005PBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94259.39     | 0.56%             | 2034-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                           | MASS DEVEL FIN 4% 7/1/2046                                | CUSIP: 57584YG94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $65425.17     | 0.39%             | 2046-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% MT                                     | CUSIP: 74440DEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20770.34     | 0.12%             | 2055-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SHELBY CO TN HLTH EDL and HSG FACS                                                 | SHELBY TN HLT 3.375% 5/1/2032                             | CUSIP: 821697S42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $43076.99     | 0.26%             | 2032-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                     | SOUTHEAST ENERG 5% 5/1/2053                               | CUSIP: 84136FBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20542.79     | 0.12%             | 2053-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 6/1/2029                               | CUSIP: 84136HAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $197086.16    | 1.18%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and ECONOMIC DEV AUTH MULTIFAMILY HSG                                | WI MHSG 5% MT                                             | CUSIP: 97689RFG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5082.82      | 0.03%             | 2058-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD CTFS PARTN                                                      | MONTGMRY MD COP 5% 10/1/2027                              | CUSIP: 61334ECJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52312.60     | 0.31%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST SPL OBLIG                                                                  | OHIO ST SPL OBL 5% 4/1/2041                               | CUSIP: 67759HPA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20835.46     | 0.12%             | 2041-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                         | ILLINOIS FINANC 5% 10/1/2029                              | CUSIP: 452017AE6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265586.88    | 1.59%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                      | BLACK BELT ALAB 4% MT                                     | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9994.29      | 0.06%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                           | OH HFA RES MTG 4.50% 3/1/2050                             | CUSIP: 67756QZW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60537.38     | 0.36%             | 2050-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DUBOIS PA HOSP AUTH HOSP REV                                                       | DUBOIS PA HSP 5% 07/01/27                                 | CUSIP: 263804AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50105.21     | 0.30%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 8/1/30                                           | CUSIP: 93974DXC7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10208.39     | 0.06%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MA BLDG AUTH REV                                                        | UNIV MASS BLDG 5% 11/1/2032                               | CUSIP: 914437VX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53987.94     | 0.32%             | 2032-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 4% 07/01/2052 MT                          | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99935.05     | 0.60%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY                                        | NJ ST EDU AUT 5% 7/1/2036                                 | CUSIP: 6460666D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15664.29     | 0.09%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUBOIS PA HOSP AUTH HOSP REV                                                       | DUBOIS PA HSP 5% 07/01/28                                 | CUSIP: 263804BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34821.59     | 0.21%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5% 12/15/2032                                   | CUSIP: 6461364D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104042.74    | 0.62%             | 2032-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                              | BALT MD WTR 5% 7/1/2028                                   | CUSIP: 05922KYJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46322.43     | 0.28%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG and CMNTY DEV SF                                                    | IN HSG CDA 5% 1/1/2028                                    | CUSIP: 45505TTU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15661.04     | 0.09%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                             | NEW HAMPSHIRE H 5% 10/1/2042                              | CUSIP: 64461XDR3<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15054.70     | 0.09%             | 2042-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HOUSING DEV AUTH                                                          | IL HDA 3.75% 4/1/2050                                     | CUSIP: 45201Y4V6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19938.15     | 0.12%             | 2050-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 4% 6/1/2054 @                              | CUSIP: 605155BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96951.21     | 0.58%             | 2054-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT VERDE FINL CORP GAS REV AZ                                                    | SALT VERDE FINL CORP GAS REV ARIZ SR                      | CUSIP: 79575EAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $173436.42    | 1.04%             | 2032-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                     | IOWASTUD LIQUID 5% 12/1/2029 @                            | CUSIP: 462590NH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103664.01    | 0.62%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 4% 7/1/2037                                | CUSIP: 93978HTY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $118604.66    | 0.71%             | 2037-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.5% 11/1/2053 MT                          | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104241.77    | 0.62%             | 2053-11-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | GA PWR - SOUTHERN CO 18-1 V1                              | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 1.19%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.78% MT                                    | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99940.08     | 0.60%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT GTR CINCINNATI DEV AUTH OHIO LEASE REV                                        | PORT GTR CINC 3.25% 12/1/2035                             | CUSIP: 73420RAM1<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    115000 | PA      | $107192.01    | 0.64%             | 2035-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 5% 11/15/2039                               | CUSIP: 59261AZP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71940.35     | 0.43%             | 2039-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                  | NY NY CITY HS 3.8% 11/1/2063 MT                           | CUSIP: 64972KBF1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50262.82     | 0.30%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV                           | SOUTHEAST ENRG 5% MT                                      | CUSIP: 84136GAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $146085.77    | 0.87%             | 2054-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                          | WISCONSIN ST HT(ASCENSION HLTH) 4% 11/15/43               | CUSIP: 97712DV78<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     55000 | PA      | $49722.11     | 0.30%             | 2043-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP REV                                                           | FL ST DFC 5% 7/1/2041 @                                   | CUSIP: 340618DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9696.88      | 0.06%             | 2041-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OREGON ST FACS AUTH REV                                                            | OR ST FACS 5% 6/1/2030                                    | CUSIP: 68608JZD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31976.21     | 0.19%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2038                                         | CUSIP: 452153JV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104908.91    | 0.63%             | 2038-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                             | NEW HAMPSHIRE H 5.50% 11/1/2031 @                         | CUSIP: 64461XJA4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53270.47     | 0.32%             | 2031-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV                             | MA SCH BLDG 5% 8/15/2032                                  | CUSIP: 576000YM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10871.55     | 0.06%             | 2032-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 4% 2/15/2041                               | CUSIP: 45204FYG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $41336.87     | 0.25%             | 2041-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 5% 11/15/2027                               | CUSIP: 59261APX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20808.58     | 0.12%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG and CMNTY DEV SF                                                    | IN HSG CDA 5% 7/1/2028                                    | CUSIP: 45505TSR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26287.84     | 0.16%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                       | COLORADO HEALTH 5.25% 11/1/2037                           | CUSIP: 19648FWM2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64007.40     | 0.38%             | 2037-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 7/1/2027                                | CUSIP: 93978HUG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25510.65     | 0.15%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MD SYS AUXILIARY FAC and TUITION                                        | UNIV MD 3.125% 4/1/2035                                   | CUSIP: 9144026H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14090.56     | 0.08%             | 2035-04-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FAC REV                                                      | ESCAMBIA FL HSP 5% 8/15/2034                              | CUSIP: 296110FW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207380.64    | 1.24%             | 2034-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY HOUSTON TX UNIV REV                                                     | UNIV HOUSTON 2% 2/15/2033                                 | CUSIP: 914302JG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $20871.89     | 0.12%             | 2033-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FN AUTH REV                                                         | CALIFORNIA MN A 5% 10/1/2025                              | CUSIP: 13048VDH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15024.41     | 0.09%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                           | MASS DEVEL FIN 5% 10/1/2033                               | CUSIP: 57584YLZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35047.71     | 0.21%             | 2033-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COMWLTH TRANSN BRD TR                                                     | VA TRAN 5% 5/15/2027                                      | CUSIP: 927793D55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15602.16     | 0.09%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2029                                         | CUSIP: 452153FT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52427.35     | 0.31%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                           | MINNESOTA ST HS 5% 8/1/2032                               | CUSIP: 60416TTJ7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109638.62    | 0.65%             | 2032-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS_HFA 3.375% MT                                         | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149281.23    | 0.89%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EL PASO TX WTR and SWR REV                                                         | EL PASO TX W and S 5% 3/1/2040                            | CUSIP: 283822ZP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105822.34    | 0.63%             | 2040-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLLIER CNTY FL INDL DEV AUTH HEALTH CARE FACS REV                                 | COLLIER IDA HLT 5% MT                                     | CUSIP: 194641BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107019.27    | 0.64%             | 2054-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 8/1/2030                                         | CUSIP: 93974DX29<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25839.57     | 0.15%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                                                       | WI ST 5% 5/1/2034 Q                                       | CUSIP: 97705MK61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $170094.80    | 1.02%             | 2034-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOMEWOOD ALA EDL BLDG AUTH LEASE REV                                               | HOMEWOOD ALA ED 5.50% 10/1/2054                           | CUSIP: 43788VAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50864.31     | 0.30%             | 2054-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                      | ATRIUM HEALTH 5% 1/15/2050 MT                             | CUSIP: 160853VE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26411.97     | 0.16%             | 2050-01-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN EEV CORP STSALES TAX REV                                         | NEW YORK ST URB 5% 3/15/2037                              | CUSIP: 64985TAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83744.03     | 0.50%             | 2037-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                                                       | MN ST 5% 8/1/30                                           | CUSIP: 60412AQW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16187.85     | 0.10%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 8/1/2027                                         | CUSIP: 93974EAE6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     65000 | PA      | $67953.04     | 0.41%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COCORADO COP AMBAC                                                                 | COLORADO ST COP 4% 12/15/2038                             | CUSIP: 196711SJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9646.26      | 0.06%             | 2038-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 10/1/33                                 | CUSIP: 93978HUY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46139.18     | 0.28%             | 2033-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5.25% 5/15/2039 @                             | CUSIP: 544445Y29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $319988.79    | 1.91%             | 2039-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                             | NY PAYROLL MOBI 4% 11/15/2034                             | CUSIP: 89602HFP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103369.48    | 0.62%             | 2034-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV HOSP 3.25% 6/1/2039                                    | CUSIP: 956622L77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $50683.94     | 0.30%             | 2039-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 1% 6/1/2034                                 | CUSIP: 607167DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $203993.88    | 1.22%             | 2034-06-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP WTR and PWR WTRWKS REV                                          | LA DWAP CA WTR 5% 7/1/2032                                | CUSIP: 544525WA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15213.44     | 0.09%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                                          | SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY 5.5% MT         | CUSIP: 79811YAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164725.50    | 0.98%             | 2056-01-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SCIOTO CNTY OH HSP FACS REV                                                        | SCIOTO OH HSP 3.50% 2/15/2038                             | CUSIP: 808878HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $73309.12     | 0.44%             | 2038-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 5% 11/15/2029                               | CUSIP: 59261APZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51864.52     | 0.31%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PRIVATE COLGS and UNVS ATH GA RV                                                   | PRV COL and UNV GA 3% 10/1/2043                           | CUSIP: 74265LM70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $124024.88    | 0.74%             | 2043-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUN CTFS                                                    | CALIFORNIA HG 3.50% 11/20/2035                            | CUSIP: 13033DAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    103080 | PA      | $98028.46     | 0.59%             | 2035-11-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5.25% MT                                  | CUSIP: 74440DEC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106248.17    | 0.63%             | 2054-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MANATEE CO FL SCH BRD CTF PART                                                     | MANATEE FL SCH 5% 7/1/2036                                | CUSIP: 56185NGW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109188.68    | 0.65%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HBR DEPT REV                                                        | LA CA HBR 5% 8/1/2038 @                                   | CUSIP: 544552D25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196423.47    | 1.17%             | 2038-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                     | CHANDLER AZ IDR 4.1% MT                                   | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99950.86     | 0.60%             | 2037-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL FIN AUTH BLDG AID REV                                | NYC TFA BARB 5% 7/15/2028                                 | CUSIP: 64972HZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51745.38     | 0.31%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BD DEV CORP EDL FACSREV                                                   | KENTUCKY BD 4% 6/1/2035                                   | CUSIP: 49120ABG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14982.75     | 0.09%             | 2035-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST GEN FD ANNUAL APP                                                     | WI ST GF APP 5% 5/1/2026Q                                 | CUSIP: 977100GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20384.38     | 0.12%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                     | CT ST 5% 7/15/2028 Q                                      | CUSIP: 20772KNQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79373.31     | 0.47%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 6% 4/1/2035 @                               | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109114.63    | 0.65%             | 2035-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN CONS                                                       | MD DOT CONS TRN 2% 10/1/2034                              | CUSIP: 574204S20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $12173.13     | 0.07%             | 2034-10-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST UNIV AGRICULTURALMECHANICAL REV                                        | OKLAH OK 5% 9/1/2032                                      | CUSIP: 679191HJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10765.71     | 0.06%             | 2032-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 3.125% 5/15/2037                          | CUSIP: 45204EME5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $54524.93     | 0.33%             | 2037-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MASS BAY TRAN AUTH SLS TAX                                                         | MBTA SLS TAX 5% 7/1/2026                                  | CUSIP: 575579ZA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10025.94     | 0.06%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST GEN FD ANNUAL APP                                                     | WI ST GF APP 5% 5/1/2025Q                                 | CUSIP: 977100GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10000.00     | 0.06%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST UNIV REVS                                                            | WA ST UNIV 5% 4/1/2030                                    | CUSIP: 940094FK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216205.18    | 1.29%             | 2030-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA UNIV REV                                                         | DC WA UNIV REV 5% 4/1/2033                                | CUSIP: 25484JCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10176.72     | 0.06%             | 2033-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                   | MA DFA(PARTNERS HLTH) 5% 7/1/32                           | CUSIP: 57584X8P9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15410.77     | 0.09%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                                   | MA ST 5% 7/1/2027                                         | CUSIP: 57582RNZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26080.08     | 0.16%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOC DEV CORP REV                                                  | DUTCHESS NY LDC(VASSAR COLL, NY) 5% 7/1/45                | CUSIP: 267045NF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25400.45     | 0.15%             | 2045-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 4.375% MT @                                  | CUSIP: 13048RAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140199.11    | 0.84%             | 2053-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2052 MT                           | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15503.79     | 0.09%             | 2052-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MANSFIELD MA                                                                       | MANSFIELD MA 3.5% 5/15/2042                               | CUSIP: 564266TN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $17235.50     | 0.10%             | 2042-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REV                                                             | SAN ANTONIO WTR 5% 5/15/2027                              | CUSIP: 79642GHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10385.34     | 0.06%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DV AU POLLN CTL                                                     | BARTOW GA PCR 3.95% 12/1/2032 MT                          | CUSIP: 069643BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101265.20    | 0.60%             | 2032-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                      | WA ST 5% 8/1/2033                                         | CUSIP: 93974DZ35<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20584.12     | 0.12%             | 2033-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 5% 5/15/2038                               | CUSIP: 45204FUR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159823.11    | 0.95%             | 2038-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ANOKA-HENNEPIN MN IND SCH D 11                                                     | ANOKA-HENN MN 4% 2/1/2029                                 | CUSIP: 0363034B8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10200.77     | 0.06%             | 2029-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN MULTIFAMILY REV                                                     | MINNEAPOLIS MF 2.46% 1/1/2038                             | CUSIP: 603767PD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     97325 | PA      | $75618.06     | 0.45%             | 2038-01-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ARLINGTON MA                                                                       | ARLINGTON MA 2% 9/15/2035                                 | CUSIP: 041609N87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $80345.81     | 0.48%             | 2035-09-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                               | ILLINOIS FIN AT 5% 2/15/2036                              | CUSIP: 45204EFB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60837.40     | 0.36%             | 2036-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VAUXMONT METROPOLITAN DISTRICT                                                     | VAUXMONT METROP 5% 12/1/2028Q                             | CUSIP: 92242SAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $341459.79    | 2.04%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                           | MASS DEVEL FIN VAR MT                                     | CUSIP: 57584YWK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21280.98     | 0.13%             | 2050-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 4.25% MT@                                     | CUSIP: 677525WV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150763.47    | 0.90%             | 2039-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NEW JERSEY TRAN 4% 6/15/2039 Q                            | CUSIP: 64613CAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28685.54     | 0.17%             | 2039-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WICHITA FALLS TX INDPT SCH DIS                                                     | WICH FLS TX ISD 4% 2/1/2028                               | CUSIP: 967171QS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51068.78     | 0.30%             | 2028-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                   | MONT PA HR ED 5% 9/1/2031                                 | CUSIP: 613603A25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10548.36     | 0.06%             | 2031-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                 | TARRANT EFFC HO 5% 12/1/2035                              | CUSIP: 87638QSX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168154.79    | 1.00%             | 2035-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL HOSP SYS REV                                                           | LAKELND MED CTR 5% 11/15/2036                             | CUSIP: 511665KG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80572.53     | 0.48%             | 2036-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                     | NJ TRANSP 5% 6/15/2033                                    | CUSIP: 6461367X3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $102060.32    | 0.61%             | 2033-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL ED FACS FIN CORP REV                                       | HARRIS TX CED 5% 7/1/2037                                 | CUSIP: 414009SK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108106.67    | 0.65%             | 2037-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REV                                        | CT ST HLTH and REV 2% 7/1/2042                            | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34435.45     | 0.21%             | 2042-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVIRONMENTAL REV                                              | INDIANA ST FIN 4.5% MT @                                  | CUSIP: 455054BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100375.33    | 0.60%             | 2035-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JEA FLA WTR and SWR SYS REV                                                        | JEA FL WTSW 3% 10/1/2036                                  | CUSIP: 46615SDJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $17870.18     | 0.11%             | 2036-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA OH CMNTY COLLEGE DIST                                                     | CUYAHOGA OH CLG 3.5% 12/1/2039                            | CUSIP: 232392AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $26633.36     | 0.16%             | 2039-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY                                                          | HONOLULU HI 5% 9/1/2027                                   | CUSIP: 438687GK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10458.67     | 0.06%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REV                                                      | DE DELMARVA PWR and LT 94 V1@                             | CUSIP: 246387FB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.60%             | 2029-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS HFA 3.875% MT                                         | CUSIP: 64987JP47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20041.88     | 0.12%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FNG AUTH REV                                                | CALIFORNIA HLTH 0% 10/1/2039 MT                           | CUSIP: 13032UB80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150651.53    | 0.90%             | 2039-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REV                                                             | SAN ANTONIO WTR 5% 5/15/2036                              | CUSIP: 79642GPF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113710.51    | 0.68%             | 2036-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENERGY NORWTHWEST WA ELEC REV                                                      | ENERGY NW/WPPS 5% 7/1/2034                                | CUSIP: 29270C3N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101990.15    | 0.61%             | 2034-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                             | NEW HAMPSHIRE H 5% 7/1/2025                               | CUSIP: 64461XEM3<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5012.60      | 0.03%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PERRYSBURG OH EXMP VLG SCH DIST                                                    | PERRYSBRG OH SD 3.75% 12/1/2043                           | CUSIP: 715093HM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $43296.03     | 0.26%             | 2043-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BD DEV CORP EDL FACSREV                                                   | KENTUCKY BD 4% 6/1/2033                                   | CUSIP: 49120ABE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5024.52      | 0.03%             | 2033-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE CNTY TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSGREV                  | KNOXV TN 3.1% MT                                          | CUSIP: 499652AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99545.08     | 0.59%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                       | CT SPEC TAX 5% 5/1/2029                                   | CUSIP: 207758ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21419.44     | 0.13%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                         | RHODE IS ST STU 5% 12/1/2030 @                            | CUSIP: 762323BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103712.46    | 0.62%             | 2030-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COUNCIL ROCK PA SCH DIST                                                           | COUNCIL ROCK PA 3.125% 11/15/2034                         | CUSIP: 222263YN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $22557.02     | 0.13%             | 2034-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MASS BAY TRAN AUTH SLS TAX                                                         | MBTA SLS TAX 5% 7/1/2035                                  | CUSIP: 575579K89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48869.85     | 0.29%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE URBAN DEVELOPMENT CORP                                              | NY STATE UR D 4% 3/15/2035                                | CUSIP: 650036CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29951.57     | 0.18%             | 2035-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% MT                                     | CUSIP: 84136HAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209715.20    | 1.25%             | 2055-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COLLEGE BLDG AUTH EDL                                                     | VA COLL BLDG 5% 2/1/2031                                  | CUSIP: 92778VFK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10366.95     | 0.06%             | 2031-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LAKE ORION MI SCH DIST                                                             | LKE ORION MI SD 5% 5/1/2025                               | CUSIP: 510336RJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10000.00     | 0.06%             | 2025-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA COLLEGE REV                                                       | DELWR CO PA COL 3.75% 10/1/2046                           | CUSIP: 246003NG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $72663.61     | 0.43%             | 2046-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                       | Fidelity Municipal Cash Central Fund                      | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    467105 | NS      | $467198.45    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRGINIA COLLEGE BLDG AUTH EDL                                                     | VA COLL BLDG 5% 2/1/30                                    | CUSIP: 92778VFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15573.93     | 0.09%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS CNTY FL HLTH FACS AU                                                     | HIGHLANDS FL 5% 11/15/2059 MT                             | CUSIP: 431022UL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108726.23    | 0.65%             | 2059-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TN                                   | MET NASH TN 5% 1/1/2028                                   | CUSIP: 592112UT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52529.74     | 0.31%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WACONIA MINN ISD NO 110                                                            | WACONIA MN ISD 3.25% 2/1/2039                             | CUSIP: 930047ML6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $96272.66     | 0.57%             | 2039-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                                   | MA ST 5% 4/1/36                                           | CUSIP: 57582RMT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15318.00     | 0.09%             | 2036-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALVIN TEX INDPT SCH DIST                                                           | ALVIN TX ISD 5% 2/15/2028                                 | CUSIP: 022447G59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25377.35     | 0.15%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA BART DIST TAX                                                     | SAN FRAN BART 5% 7/1/2027                                 | CUSIP: 797669WB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10030.56     | 0.06%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE                                                             | NJ HLTH CARE 5% 7/1/33                                    | CUSIP: 645790FM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10122.97     | 0.06%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COMWLTH TRANSN BRD TR                                                     | VA TRAN 5% 5/15/2029                                      | CUSIP: 927793D71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62638.51     | 0.37%             | 2029-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REV                                                             | SAN ANTONIO WTR 5% 5/15/2033                              | CUSIP: 79642GAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5203.88      | 0.03%             | 2033-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARLINGTON MA                                                                       | ARLINGTON MA 2% 9/15/2034                                 | CUSIP: 041609N79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $226918.37    | 1.35%             | 2034-09-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG and CMNTY DEV SF                                                    | IN HSG CDA 5% 7/1/2028                                    | CUSIP: 45505TTV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $120924.05    | 0.72%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAINE HEALTH and HIGHER EDL FACS AUTH REV                                          | ME ST HEALTH 5% 7/1/2028                                  | CUSIP: 56042RLU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10292.34     | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRANT CO WA PUD 2 PR HYDRO ELE                                                     | GRANT CTY WA 4% 1/1/2044                                  | CUSIP: 387883D65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $139208.64    | 0.83%             | 2044-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                           | MINNESOTA ST HS 4% 8/1/2036                               | CUSIP: 60416S7G9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14900.30     | 0.09%             | 2036-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH REV                                                          | ARIZONA INDL DE 3.625% 5/20/2033                          | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     79567 | PA      | $74561.47     | 0.44%             | 2033-05-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FLA HEALTH FACS AUTH HOSP REV                                      | FL PALM BEACH 5% 11/1/2035                                | CUSIP: 69651ABV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103876.85    | 0.62%             | 2035-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                                            | OH ST 5% 5/1/2030                                         | CUSIP: 677522F66<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20671.32     | 0.12%             | 2030-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                       | CONNECTICUT S 5% 11/15/2028                               | CUSIP: 20775HLE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26421.04     | 0.16%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY LTD OBLIG                                                                | WAKE CNTY LTD O 5% 5/1/2036                               | CUSIP: 930876JE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $224406.00    | 1.34%             | 2036-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 5% 11/15/2031                               | CUSIP: 59261AQB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $144669.34    | 0.86%             | 2031-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL AREA HSG FIN CORP TEX MULTI FAMILY HSG REV                                 | CAP AREA HFC TX 3.125% MT                                 | CUSIP: 139726CZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99600.76     | 0.59%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSINCOME TAX REV                                        | NEW YORK ST D 5% 2/15/2031                                | CUSIP: 64990F2Z6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10256.76     | 0.06%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                         | ILLINOIS FINANC 5% 10/1/2038                              | CUSIP: 452017AP1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102423.66    | 0.61%             | 2038-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSINCOME TAX REV                                        | NEW YORK ST D 4% 2/15/2036                                | CUSIP: 64990FPP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14899.95     | 0.09%             | 2036-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                      | CA ST 5% 3/1/2037                                         | CUSIP: 13063EMB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $223993.52    | 1.34%             | 2037-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                         | ILLINOIS FINANC 5% 10/1/2032                              | CUSIP: 452017AH9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10469.84     | 0.06%             | 2032-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                       | CT SPEC TAX 4% 5/1/2036                                   | CUSIP: 207758C84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130411.06    | 0.78%             | 2036-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HERNANDO CNTY FL SCH BRD CTFS                                                      | HERNANDO FL COP 3% 7/1/2034                               | CUSIP: 42766MEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $27192.81     | 0.16%             | 2034-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNION CNTY ORE HOSP FAC AUTH REV                                                   | UNION CNTY ORE 5% 7/1/2025                                | CUSIP: 906420BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150130.22    | 0.90%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA UNIV REV                                                         | DC WA UNIV REV 5% 4/1/2029                                | CUSIP: 25484JCV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20466.83     | 0.12%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                                   | MA ST 5% 7/1/2031                                         | CUSIP: 57582RHK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10188.67     | 0.06%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP WTR and PWR WTRWKS REV                                          | LA DWAP CA WTR 5% 7/1/2031                                | CUSIP: 544525E53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31869.95     | 0.19%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE ST UNIV MI UNIV REVS                                                         | WAYNE ST U MI 5% 11/15/2034                               | CUSIP: 946303J39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167034.62    | 1.00%             | 2034-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                       | LIPA NY 5% 9/1/2027                                       | CUSIP: 542691BJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15708.75     | 0.09%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                                          | IL SALES TAX 5% 6/15/2038                                 | CUSIP: 452227UP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $170071.87    | 1.01%             | 2038-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KNOX CNY TN HL E HSC FCS BD RV                                                     | KNOX CY TN H RV 5% 4/1/2027                               | CUSIP: 49952MEA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20347.67     | 0.12%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                  | NY NY CITY HS 3.625% MT                                   | CUSIP: 64972KCN3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150209.43    | 0.90%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASS BAY TRAN AUTH SLS TAX                                                         | MBTA SLS TAX 0% 7/1/2029                                  | CUSIP: 575579ZP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4265.11      | 0.03%             | 2029-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                                                        | MD ST 5% 8/1/2034                                         | CUSIP: 574193TH1<br>LEI: 1KB5EZVJRET62OYIKM77 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16182.72     | 0.10%             | 2034-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                               | MICHIGAN FIN AU 5% 11/15/2028                             | CUSIP: 59447TMD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15335.99     | 0.09%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H | MINNESOTA ST HI MT 10/1/2053                              | CUSIP: 60416JJC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104743.96    | 0.63%             | 2053-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COMWLTH TRANSN BRD TR                                                     | VA TRAN 3% 5/15/33                                        | CUSIP: 927793K32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93467.71     | 0.56%             | 2033-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE HOSP AUTH #2                                                       | DOUGLAS NE HOSP 5% 11/15/2030                             | CUSIP: 259230NU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134023.84    | 0.80%             | 2030-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORIT                                                            | PUBLIC FA WI 5% 1/1/2031                                  | CUSIP: 74444KAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $167417.76    | 1.00%             | 2031-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                           | NEW HAMPSHIRE F 4% 10/20/2036                             | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     96567 | PA      | $92421.38     | 0.55%             | 2036-10-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                     | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                       | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50780.18     | 0.30%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISA VA                                                                          | LOUISA VA IDA 0.75% 11/1/2035 MT                          | CUSIP: 546068AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $103427.37    | 0.62%             | 2035-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                               | MICHIGAN FIN AU 11/15/2044 MT                             | CUSIP: 59447T4A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10169.75     | 0.06%             | 2044-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV HOSP 5% 1/1/2043                                       | CUSIP: 956622S47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69530.50     | 0.41%             | 2043-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA ELEC REV                                                              | RIVSIDE CA ELEC 5% 10/1/2043                              | CUSIP: 768874UU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5175.15      | 0.03%             | 2043-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 5% 10/1/2032                               | CUSIP: 45204FQZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103433.55    | 0.62%             | 2032-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA REDEV and HSG AUTH MULTI-FAMILY HSG REV                            | FAIRFAX C VA 5% 1/1/2045 MT                               | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $185385.33    | 1.11%             | 2045-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNI SCH DIST                                                        | LA CA USD 5% 7/1/2030                                     | CUSIP: 544647HM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164231.84    | 0.98%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP COR WSTWTR                                                      | PHX CVC SWR 5% 7/1/2030                                   | CUSIP: 71883PKN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50797.10     | 0.30%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                     | IOWASTUD LIQUID 5% 12/1/2029 @                            | CUSIP: 462590NU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103664.01    | 0.62%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV                              | NM GAS PREPAY 5% MT                                       | CUSIP: 647207BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104758.13    | 0.63%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Laura M. Del Prato

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

**Title:** President and Treasurer