# EDGAR Filing Document

**Accession Number:** 0000225635
**File Stem:** 0001410368-26-054540
**Filing Date:** 2026-5
**Character Count:** 286370
**Document Hash:** 81560252dcfe60265099d95560a135c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-054540.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-054540

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNICIPAL BOND FUND, INC.
- **CENTRAL INDEX KEY:** 0000225635

**ORGANIZATION NAME:**
- **EIN:** 132896246
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02688
- **FILM NUMBER:** 261030956

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONE LIBERTY MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19780622

## Series and Classes Contracts Data

### BlackRock National Municipal Fund (Series ID: S000002334)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000006118 | Investor A     |  |
| C000006121 | Institutional  |  |
| C000038033 | Investor C     |  |
| C000100249 | Service Shares |  |
| C000100250 | Class K        |  |

## Nport-Ex

March 31, 2026

2026 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

---

| |
|:---|
| **BlackRock Municipal Bond Fund, Inc.** |
| • BlackRock National Municipal Fund |

---

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Fixed Income Funds**<sup>(a)</sup> **— 1.9%** | **Fixed Income Funds**<sup>(a)</sup> **— 1.9%** |  |
| iShares High Yield Muni Active ETF | 1050000 | &nbsp;&nbsp; $50379000 |
| iShares National Muni Bond ETF | 550000 | &nbsp;&nbsp; 58382500 |
|  |  | &nbsp;&nbsp; 108761500 |
| **Total Investment Companies — 1.9%** <br>**(Cost: $108,559,895)** | **Total Investment Companies — 1.9%** <br>**(Cost: $108,559,895)** | &nbsp;&nbsp; 108761500 |

---

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

---

| | | |
|:---|:---|:---|
|  | *Par* <br>*(000)*<br>|  |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 8.3%** | **Alabama — 8.3%** |  |
| &nbsp;&nbsp;&nbsp; Alabama Highway Authority, RB, (AGM), 5.00%, <br> 09/01/38<br>| $8775 | &nbsp;&nbsp; 9800948 |
| &nbsp;&nbsp;&nbsp; Baldwin County Industrial Development Authority, RB, <br> Series A, AMT, 5.00%, 06/01/55<sup>(b)(c)</sup><br>| 14310 | &nbsp;&nbsp; 14514046 |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/34 | 18995 | &nbsp;&nbsp; 19816800 |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 10/01/54<sup>(b)</sup> | 52000 | &nbsp;&nbsp; 56100424 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 07/01/33 | 8030 | &nbsp;&nbsp; 8393686 |
| &nbsp;&nbsp;&nbsp; Series F, 5.50%, 11/01/53<sup>(b)</sup> | 11170 | &nbsp;&nbsp; 11691464 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/41 | 28135 | &nbsp;&nbsp; 30325723 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/42 | 4120 | &nbsp;&nbsp; 4419051 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/43 | 10240 | &nbsp;&nbsp; 10924094 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/44 | 28135 | &nbsp;&nbsp; 29871205 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/45 | 2265 | &nbsp;&nbsp; 2388694 |
| Energy Southeast A Cooperative District, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.50%, 11/01/53 | 85500 | &nbsp;&nbsp; 91947102 |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.75%, 04/01/54 | 20000 | &nbsp;&nbsp; 21820506 |
| Southeast Energy Authority A Cooperative District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/01/51<sup>(b)</sup> | 76000 | &nbsp;&nbsp; 77336794 |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, 12/01/51<sup>(b)</sup> | 7000 | &nbsp;&nbsp; 7034405 |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.00%, 05/01/53<sup>(b)</sup> | 20000 | &nbsp;&nbsp; 20720542 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 10/01/30 | 50000 | &nbsp;&nbsp; 53053410 |
|  |  | &nbsp;&nbsp; 470158894 |
| **Arizona — 2.1%** | **Arizona — 2.1%** |  |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Refunding <br> RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/37 | 1230 | &nbsp;&nbsp; 1233092 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/52 | 2450 | &nbsp;&nbsp; 2269086 |
| City of Mesa Arizona Utility System Revenue, RB |  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 07/01/38 | 10000 | &nbsp;&nbsp; 11131921 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 07/01/39 | 8500 | &nbsp;&nbsp; 9359381 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 07/01/40 | 8875 | &nbsp;&nbsp; 9713537 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 07/01/41 | 4000 | &nbsp;&nbsp; 4357372 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 07/01/42 | 4900 | &nbsp;&nbsp; 5304703 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., ARB, Junior <br> Lien, 5.00%, 07/01/49<br>| 10000 | &nbsp;&nbsp; 10177607 |
| City of Phoenix Civic Improvement Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; Junior Lien, 5.00%, 07/01/40 | 2000 | &nbsp;&nbsp; 2182585 |
| &nbsp;&nbsp;&nbsp; Junior Lien, 5.00%, 07/01/42 | 7815 | &nbsp;&nbsp; 8477452 |
| &nbsp;&nbsp;&nbsp; Series A, Junior Lien, 5.00%, 07/01/45 | 5000 | &nbsp;&nbsp; 5231668 |
| &nbsp;&nbsp;&nbsp; Junior Lien, Sustainability Bonds, 5.00%, 07/01/44 | 7815 | &nbsp;&nbsp; 8199301 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., Refunding <br> RB, Series C, Subordinate, 5.00%, 07/01/41<br>| 20225 | &nbsp;&nbsp; 22397215 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Arizona (continued)** | **Arizona (continued)** |  |
| &nbsp;&nbsp;&nbsp; Pinal County Industrial Development Authority, RB, <br> 6.25%, 06/01/26<br>| 75 | &nbsp;&nbsp; $75039 |
| &nbsp;&nbsp;&nbsp; Salt River Project Agricultural Improvement & Power <br> District, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 05/01/42 | 5615 | &nbsp;&nbsp; 6128821 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/43 | 7000 | &nbsp;&nbsp; 7534416 |
| &nbsp;&nbsp;&nbsp; Tucson Industrial Development Authority/Pima County <br> Industrial Development Auth, RB, S/F Housing, <br> Series A, (FHLMC, FNMA, GNMA), 6.00%, <br> 01/01/55<br>| 5575 | &nbsp;&nbsp; 6067674 |
|  |  | &nbsp;&nbsp; 119840870 |
| **Arkansas**<sup>(c)</sup> **— 0.6%** | **Arkansas**<sup>(c)</sup> **— 0.6%** |  |
| Arkansas Development Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 7.38%, 07/01/48 | 14700 | &nbsp;&nbsp; 15903557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, AMT, Sustainability Bonds, 6.88%, <br> 07/01/48<br>| 17200 | &nbsp;&nbsp; 18467124 |
|  |  | &nbsp;&nbsp; 34370681 |
| **California — 5.6%** | **California — 5.6%** |  |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority, RB, <br> Sustainability Bonds, 5.50%, 10/01/54<sup>(b)</sup><br>| 8885 | &nbsp;&nbsp; 9662903 |
| &nbsp;&nbsp;&nbsp; California Housing Finance Agency, RB, M/F Housing, <br> 3.60%, 12/01/26<sup>(b)(d)</sup><br>| 30800 | &nbsp;&nbsp; 30799033 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development <br> Bank, Refunding RB, Class B, AMT, Sustainability <br> Bonds, 12.00%, 01/01/65<sup>(b)(c)</sup><br>| 51775 | &nbsp;&nbsp; 27440750 |
| City of Los Angeles Department of Airports, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 05/15/44 | 8000 | &nbsp;&nbsp; 8095436 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.00%, 05/15/45 | 13000 | &nbsp;&nbsp; 13286147 |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, Refunding <br> ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 05/15/45 | 15910 | &nbsp;&nbsp; 16271937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, AMT, Sustainability Bonds, 5.25%, <br> 05/15/44<br>| 13000 | &nbsp;&nbsp; 13981533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, AMT, Sustainability Bonds, 5.25%, <br> 05/15/45<br>| 10000 | &nbsp;&nbsp; 10664361 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Airport Comm-San <br> Francisco International Airport, Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 05/01/39 | 14500 | &nbsp;&nbsp; 14912643 |
| &nbsp;&nbsp;&nbsp; Series D, AMT, 5.00%, 05/01/43 | 17735 | &nbsp;&nbsp; 17981149 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Airport Comm-San <br> Francisco International Airport, Refunding RB, <br> Series 2, Class A, AMT, 5.00%, 05/01/38<br>| 10000 | &nbsp;&nbsp; 10718818 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Public Utilities <br> Commission Wastewater Revenue, RB, Series B, <br> Sustainability Bonds, 1.00%, 10/01/26<sup>(e)</sup><br>| 96150 | &nbsp;&nbsp; 95557831 |
| University of California, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Sereis CF, 5.00%, 11/15/37 | 8600 | &nbsp;&nbsp; 9796104 |
| &nbsp;&nbsp;&nbsp; Sereis CF, 5.25%, 11/15/39 | 31935 | &nbsp;&nbsp; 36547091 |
| &nbsp;&nbsp;&nbsp; Series CE, 5.00%, 11/15/41 | 2285 | &nbsp;&nbsp; 2547410 |
| &nbsp;&nbsp;&nbsp; Series CF, 5.25%, 11/15/41 | 1535 | &nbsp;&nbsp; 1746326 |
|  |  | &nbsp;&nbsp; 320009472 |
| **Colorado — 2.7%** | **Colorado — 2.7%** |  |
| &nbsp;&nbsp;&nbsp; Arapahoe County School District No. 5 Cherry Creek, <br> GO, (SAW), 5.25%, 12/15/41<br>| 2430 | &nbsp;&nbsp; 2732168 |
| &nbsp;&nbsp;&nbsp; City & County of Denver CO Airport System Revenue, <br> Refunding ARB, Series A, AMT, 5.00%, 12/01/48<br>| 11960 | &nbsp;&nbsp; 11990825 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System <br> Revenue, Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/36 | 7360 | &nbsp;&nbsp; 7586288 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/38 | 17750 | &nbsp;&nbsp; 18210749 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Colorado (continued)** | **Colorado (continued)** |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System <br> Revenue, Refunding ARB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/43 | 28950 | &nbsp;&nbsp; $29457725 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 12/01/43 | 10235 | &nbsp;&nbsp; 10504255 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 12/01/48 | 39000 | &nbsp;&nbsp; 39360789 |
| &nbsp;&nbsp;&nbsp; Series D, AMT, 5.75%, 11/15/45 | 3290 | &nbsp;&nbsp; 3536935 |
| &nbsp;&nbsp;&nbsp; City of Colorado Springs Colorado Utilities System <br> Revenue, RB, Series A, 5.00%, 11/15/41<br>| 10500 | &nbsp;&nbsp; 11594043 |
| Colorado Health Facilities Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/01/32 | 6125 | &nbsp;&nbsp; 6708657 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/01/35 | 4515 | &nbsp;&nbsp; 4967048 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/44 | 4445 | &nbsp;&nbsp; 4664736 |
| &nbsp;&nbsp;&nbsp; Denver City & County Housing Authority, RB, M/F <br> Housing, Class A, 5.00%, 06/01/29<br>| 1765 | &nbsp;&nbsp; 1839887 |
| &nbsp;&nbsp;&nbsp; Mayfield Metropolitan District, GOL, Series A, 5.75%, <br> 12/01/50<br>| 1166 | &nbsp;&nbsp; 1172496 |
|  |  | &nbsp;&nbsp; 154326601 |
| **Connecticut — 1.0%** | **Connecticut — 1.0%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut Housing Finance Authority, Refunding <br> RB, S/F Housing, Series B, Sustainability Bonds, <br> 5.75%, 11/15/53<br>| 12035 | &nbsp;&nbsp; 12785434 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Finance Authority, RB, 7.00%, <br> 02/01/45<sup>(c)</sup><br>| 1135 | &nbsp;&nbsp; 1144504 |
| &nbsp;&nbsp;&nbsp; State of Connecticut Special Tax Revenue, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 07/01/39 | 24000 | &nbsp;&nbsp; 26779301 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 07/01/40 | 15090 | &nbsp;&nbsp; 16757822 |
|  |  | &nbsp;&nbsp; 57467061 |
| **Delaware — 0.3%** | **Delaware — 0.3%** |  |
| Delaware State Housing Authority, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, (FHLMC, FNMA, GNMA), 6.00%, <br> 01/01/55<br>| 6955 | &nbsp;&nbsp; 7596507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, (FHLMC, FNMA, GNMA), 6.00%, <br> 01/01/56<br>| 8700 | &nbsp;&nbsp; 9604708 |
|  |  | &nbsp;&nbsp; 17201215 |
| **District of Columbia — 2.1%** | **District of Columbia — 2.1%** |  |
| District of Columbia Income Tax Revenue, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/41 | 1000 | &nbsp;&nbsp; 1069335 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/48 | 27290 | &nbsp;&nbsp; 28701081 |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Revenue, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/38 | 8750 | &nbsp;&nbsp; 9751284 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/41 | 11460 | &nbsp;&nbsp; 12567192 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/42 | 9950 | &nbsp;&nbsp; 10844090 |
| &nbsp;&nbsp;&nbsp; District of Columbia Water & Sewer Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, Subordinate Lien, 5.00%, 10/01/39 | 4695 | &nbsp;&nbsp; 5251058 |
| &nbsp;&nbsp;&nbsp; Series A, Subordinate Lien, 5.00%, 10/01/41 | 2050 | &nbsp;&nbsp; 2235914 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Refunding GO, Series A, 5.00%, <br> 01/01/42<br>| 6600 | &nbsp;&nbsp; 7071477 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB, Series A, AMT, 5.25%, <br> 10/01/41<br>| 2000 | &nbsp;&nbsp; 2146492 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority <br> Dedicated Revenue, RB, Sustainability Bonds, <br> 5.00%, 07/15/43<br>| 3010 | &nbsp;&nbsp; 3170818 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **District of Columbia (continued)** | **District of Columbia (continued)** |  |
| Washington Metropolitan Area Transit Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/43 | 10000 | &nbsp;&nbsp; $10136813 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/42 | 27015 | &nbsp;&nbsp; 27418107 |
|  |  | &nbsp;&nbsp; 120363661 |
| **Florida — 1.5%** | **Florida — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; City of Gainesville Florida Utilities System Revenue, <br> Refunding RB, Series A, 5.00%, 10/01/44<br>| 19550 | &nbsp;&nbsp; 20025374 |
| City of Jacksonville Florida, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/40 | 9975 | &nbsp;&nbsp; 10970134 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/41 | 12385 | &nbsp;&nbsp; 13577015 |
| &nbsp;&nbsp;&nbsp; County of Lee Florida Airport Revenue, ARB, <br> Series A-2, AMT, 5.00%, 10/01/56<sup>(b)</sup><br>| 3570 | &nbsp;&nbsp; 3826227 |
| Florida Development Finance Corp., RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.75%, 12/15/56 | 6295 | &nbsp;&nbsp; 4643171 |
| &nbsp;&nbsp;&nbsp; AMT, 6.13%, 07/01/32<sup>(b)</sup> | 11725 | &nbsp;&nbsp; 11732559 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., Refunding RB, <br> Series A, 4.50%, 12/15/56<sup>(c)</sup><br>| 18065 | &nbsp;&nbsp; 11634415 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, 4.63%, <br> 05/01/27<br>| 300 | &nbsp;&nbsp; 301949 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County Educational Facilities Authority, <br> RB, 04/01/39<sup>(f)</sup><br>| 1945 | &nbsp;&nbsp; 2116856 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County Industrial Development Authority, <br> RB, 5.10%, 11/01/43<br>| 8150 | &nbsp;&nbsp; 7584759 |
| &nbsp;&nbsp;&nbsp; Sterling Hill Community Development District, <br> Refunding SAB, Series B, 5.50%, 11/01/10<sup>(g)</sup><br>| 147 | &nbsp;&nbsp; 60392 |
|  |  | &nbsp;&nbsp; 86472851 |
| **Georgia — 4.5%** | **Georgia — 4.5%** |  |
| &nbsp;&nbsp;&nbsp; City of Atlanta Georgia Airport Passenger Facility <br> Charge, ARB, Series E, AMT, Subordinate Lien, <br> 5.25%, 07/01/42<br>| 4650 | &nbsp;&nbsp; 4979515 |
| &nbsp;&nbsp;&nbsp; City of Atlanta Georgia Airport Passenger Facility <br> Charge, Refunding ARB, Series C, 5.00%, <br> 07/01/41<br>| 3255 | &nbsp;&nbsp; 3484244 |
| City of Atlanta Georgia Department of Aviation, ARB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B-1, AMT, Sustainability Bonds, 5.00%, <br> 07/01/39<br>| 3525 | &nbsp;&nbsp; 3787936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B-1, AMT, Sustainability Bonds, 5.00%, <br> 07/01/40<br>| 4600 | &nbsp;&nbsp; 4916135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B-1, AMT, Sustainability Bonds, 5.25%, <br> 07/01/42<br>| 4000 | &nbsp;&nbsp; 4330977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B-1, AMT, Sustainability Bonds, 5.25%, <br> 07/01/44<br>| 7000 | &nbsp;&nbsp; 7481095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B-1, AMT, Sustainability Bonds, 5.25%, <br> 07/01/45<br>| 7630 | &nbsp;&nbsp; 8090995 |
| &nbsp;&nbsp;&nbsp; East Point Business & Industrial Development <br> Authority, RB, Series A, 5.25%, 06/15/62<sup>(c)(g)(h)</sup><br>| 5030 | &nbsp;&nbsp; 3018000 |
| Main Street Natural Gas, Inc., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/01/54 | 17000 | &nbsp;&nbsp; 18014487 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/53 | 11610 | &nbsp;&nbsp; 12173531 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 03/01/50 | 20710 | &nbsp;&nbsp; 20767534 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 09/01/53 | 87500 | &nbsp;&nbsp; 91991795 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., Refunding RB, <br> Series E-1, 5.00%, 12/01/53<sup>(b)</sup><br>| 43000 | &nbsp;&nbsp; 45514812 |
| &nbsp;&nbsp;&nbsp; Private Colleges & Universities Authority, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 09/01/40 | 15000 | &nbsp;&nbsp; 16842360 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 09/01/41 | 11000 | &nbsp;&nbsp; 12305577 |
|  |  | &nbsp;&nbsp; 257698993 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Hawaii — 0.1%** | **Hawaii — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; City & County Honolulu Hawaii Wastewater System <br> Revenue, RB, Class A, Sustainability Bonds, <br> 5.00%, 07/01/41<br>| $4780 | &nbsp;&nbsp; $5214179 |
| **Illinois — 5.8%** | **Illinois — 5.8%** |  |
| Chicago O'Hare International Airport, ARB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, (AGM), 5.25%, <br> 01/01/45<br>| 19445 | &nbsp;&nbsp; 20156471 |
| &nbsp;&nbsp;&nbsp; Series D, AMT, Senior Lien, 5.00%, 01/01/42 | 22825 | &nbsp;&nbsp; 22916912 |
| &nbsp;&nbsp;&nbsp; Series D, Senior Lien, 5.25%, 01/01/42 | 20000 | &nbsp;&nbsp; 20209912 |
| &nbsp;&nbsp;&nbsp; Series D, Senior Lien, 5.00%, 01/01/47 | 24840 | &nbsp;&nbsp; 24947016 |
| &nbsp;&nbsp;&nbsp; Series E, Senior Lien, 5.25%, 01/01/43 | 3500 | &nbsp;&nbsp; 3681535 |
| Chicago O'Hare International Airport, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.00%, 01/01/38 | 2585 | &nbsp;&nbsp; 2762215 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.00%, 01/01/39 | 1930 | &nbsp;&nbsp; 2049250 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.25%, 01/01/40 | 2330 | &nbsp;&nbsp; 2503667 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.25%, 01/01/41 | 2585 | &nbsp;&nbsp; 2757397 |
| Chicago O'Hare International Airport, Refunding ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.00%, 01/01/38 | 1005 | &nbsp;&nbsp; 1029538 |
| &nbsp;&nbsp;&nbsp; Series B, Senior Lien, 5.25%, 01/01/44 | 3970 | &nbsp;&nbsp; 4250506 |
| &nbsp;&nbsp;&nbsp; Illinois Housing Development Authority, Refunding <br> RB, S/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 6.25%, 10/01/56<br>| 4165 | &nbsp;&nbsp; 4708900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series H, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 5.75%, 10/01/53<br>| 7475 | &nbsp;&nbsp; 7957604 |
| Illinois State Toll Highway Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/43 | 21220 | &nbsp;&nbsp; 22981542 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/44 | 16995 | &nbsp;&nbsp; 17443282 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/45 | 8110 | &nbsp;&nbsp; 8390968 |
| State of Illinois Sales Tax Revenue, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 06/15/38 | 10025 | &nbsp;&nbsp; 10884832 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 06/15/39 | 13515 | &nbsp;&nbsp; 14462924 |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/39 | 9040 | &nbsp;&nbsp; 9525367 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/01/29 | 27500 | &nbsp;&nbsp; 29332132 |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 10/01/42 | 28000 | &nbsp;&nbsp; 29783200 |
| &nbsp;&nbsp;&nbsp; Series C, 04/01/43<sup>(f)</sup> | 14235 | &nbsp;&nbsp; 15138325 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 09/01/40 | 18110 | &nbsp;&nbsp; 19095557 |
| State of Illinois, GO, BAB, Series B, 5.00%, 11/01/32 | 14000 | &nbsp;&nbsp; 14760770 |
| &nbsp;&nbsp;&nbsp; State of Illinois, Refunding GO, Series A, 5.00%, <br> 10/01/28<br>| 19250 | &nbsp;&nbsp; 20207587 |
|  |  | &nbsp;&nbsp; 331937409 |
| **Indiana — 1.3%** | **Indiana — 1.3%** |  |
| Indiana Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 10/01/39 | 3370 | &nbsp;&nbsp; 3697988 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 10/01/41 | 8150 | &nbsp;&nbsp; 8765266 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 10/01/42 | 7850 | &nbsp;&nbsp; 8382968 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 10/01/39 | 6365 | &nbsp;&nbsp; 6984479 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.00%, 02/01/39 | 10000 | &nbsp;&nbsp; 11110656 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, <br> RB, Series B, 5.00%, 01/01/43<br>| 5365 | &nbsp;&nbsp; 5698036 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/36 | 5540 | &nbsp;&nbsp; 6221744 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/37 | 5500 | &nbsp;&nbsp; 6116554 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/38 | 7500 | &nbsp;&nbsp; 8265580 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Indiana (continued)** | **Indiana (continued)** |  |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, <br> Refunding RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/39 | 5250 | &nbsp;&nbsp; $5740769 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/01/44 | 2000 | &nbsp;&nbsp; 2040000 |
|  |  | &nbsp;&nbsp; 73024040 |
| **Kansas — 0.1%** | **Kansas — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Douglas County Unified School District No. <br> 491 Eudora, Refunding GO, Series A, (AGM), <br> 5.00%, 09/01/42<br>| 1200 | &nbsp;&nbsp; 1256645 |
| &nbsp;&nbsp;&nbsp; University of Kansas Hospital Authority, Refunding <br> RB, Class B, 03/01/55<sup>(b)(f)</sup><br>| 3750 | &nbsp;&nbsp; 4001543 |
|  |  | &nbsp;&nbsp; 5258188 |
| **Kentucky — 0.4%** | **Kentucky — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Kentucky State Property & Building Commission, RB, <br> Series A, 5.00%, 04/01/39<br>| 19000 | &nbsp;&nbsp; 21012843 |
| **Maryland — 0.2%** | **Maryland — 0.2%** |  |
| State of Maryland, GO, Series A, 5.00%, 06/01/40 | 10000 | &nbsp;&nbsp; 11089862 |
| **Massachusetts — 1.7%** | **Massachusetts — 1.7%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts Transportation <br> Fund Revenue, RB, Series A, 5.00%, 06/01/42<br>| 14000 | &nbsp;&nbsp; 14239484 |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts Transportation <br> Fund Revenue, Refunding RB, 5.00%, 06/01/42<br>| 1660 | &nbsp;&nbsp; 1776131 |
| Commonwealth of Massachusetts, GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 04/01/41 | 5000 | &nbsp;&nbsp; 5508848 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/42 | 2075 | &nbsp;&nbsp; 2245639 |
| &nbsp;&nbsp;&nbsp; Series E, 5.25%, 09/01/43 | 20000 | &nbsp;&nbsp; 20690262 |
| Commonwealth of Massachusetts, Refunding GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/01/41 | 4020 | &nbsp;&nbsp; 4386519 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 05/01/41 | 2000 | &nbsp;&nbsp; 2165520 |
| &nbsp;&nbsp;&nbsp; Massachusetts Bay Transportation Authority Sales <br> Tax Revenue, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/41 | 7500 | &nbsp;&nbsp; 8311116 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.00%, 07/01/41 | 6940 | &nbsp;&nbsp; 7284374 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, RB, <br> Series J2, 5.00%, 07/01/43<br>| 7565 | &nbsp;&nbsp; 7653865 |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority, Refunding ARB, <br> Series C, AMT, 5.00%, 07/01/49<br>| 6500 | &nbsp;&nbsp; 6529824 |
| &nbsp;&nbsp;&nbsp; Massachusetts School Building Authority, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 02/15/48 | 10760 | &nbsp;&nbsp; 11011296 |
| &nbsp;&nbsp;&nbsp; Series B, Subordinate, 5.00%, 02/15/41 | 1000 | &nbsp;&nbsp; 1107611 |
| &nbsp;&nbsp;&nbsp; Massachusetts Water Resources Authority, Refunding <br> RB, Series B, 5.00%, 08/01/43<br>| 4500 | &nbsp;&nbsp; 4650529 |
|  |  | &nbsp;&nbsp; 97561018 |
| **Michigan — 2.5%** | **Michigan — 2.5%** |  |
| &nbsp;&nbsp;&nbsp; Ann Arbor School District, Refunding GO, 5.00%, <br> 05/01/39<br>| 5760 | &nbsp;&nbsp; 6409427 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, RB, Series A, 6.50%, <br> 06/01/57<sup>(c)(g)</sup><br>| 5980 | &nbsp;&nbsp; 2870400 |
| Michigan Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/41 | 20600 | &nbsp;&nbsp; 20720376 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/46 | 10010 | &nbsp;&nbsp; 10077700 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 12/01/27<sup>(d)</sup> | 390 | &nbsp;&nbsp; 405078 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 12/01/42 | 9760 | &nbsp;&nbsp; 9926953 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/41 | 9870 | &nbsp;&nbsp; 10205972 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Michigan (continued)** | **Michigan (continued)** |  |
| Michigan State Building Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series I, 5.00%, 04/15/39 | 8000 | &nbsp;&nbsp; $8935626 |
| &nbsp;&nbsp;&nbsp; Series I, 5.00%, 10/15/39 | 4000 | &nbsp;&nbsp; 4454238 |
| &nbsp;&nbsp;&nbsp; Michigan State Hospital Finance Authority, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/47 | 27810 | &nbsp;&nbsp; 28059803 |
| &nbsp;&nbsp;&nbsp; Series B2, 5.00%, 08/15/55<sup>(b)</sup> | 26000 | &nbsp;&nbsp; 28770932 |
| &nbsp;&nbsp;&nbsp; Michigan State University, Refunding RB, Series A, <br> 5.25%, 08/15/43<br>| 3075 | &nbsp;&nbsp; 3373913 |
| &nbsp;&nbsp;&nbsp; State of Michigan Trunk Line Revenue, RB, BAB, <br> 5.00%, 11/15/42<br>| 7000 | &nbsp;&nbsp; 7550296 |
|  |  | &nbsp;&nbsp; 141760714 |
| **Minnesota — 1.4%** | **Minnesota — 1.4%** |  |
| &nbsp;&nbsp;&nbsp; City of Bloomington Minnesota Sales Tax Revenue, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/01/39 | 3160 | &nbsp;&nbsp; 3433011 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/01/41 | 3890 | &nbsp;&nbsp; 4154418 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/01/42 | 4085 | &nbsp;&nbsp; 4335796 |
| &nbsp;&nbsp;&nbsp; Duluth Economic Development Authority, RB, <br> Class B, 5.25%, 06/15/42<br>| 2000 | &nbsp;&nbsp; 2120621 |
| Minnesota Housing Finance Agency, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 5.75%, 07/01/53<br>| 3580 | &nbsp;&nbsp; 3802844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series O, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 6.00%, 07/01/53<br>| 3195 | &nbsp;&nbsp; 3423295 |
| State of Minnesota, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/01/40 | 26315 | &nbsp;&nbsp; 29083927 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/01/42 | 15715 | &nbsp;&nbsp; 17187268 |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, 08/01/41 | 10000 | &nbsp;&nbsp; 10062257 |
|  |  | &nbsp;&nbsp; 77603437 |
| **Missouri — 0.9%** | **Missouri — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Health & Educational Facilities Authority of the State <br> of Missouri, Refunding RB, Class B, 5.00%, <br> 11/15/44<br>| 1000 | &nbsp;&nbsp; 1049526 |
| Lindbergh School District, GO, 5.50%, 03/01/42 | 9500 | &nbsp;&nbsp; 10546209 |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development Commission, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, (FHLMC, FNMA, GNMA), 6.00%, <br> 05/01/55<br>| 13715 | &nbsp;&nbsp; 15096187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E, (FHLMC, FNMA, GNMA), 6.00%, <br> 05/01/55<br>| 10685 | &nbsp;&nbsp; 11786827 |
| &nbsp;&nbsp;&nbsp; North Kansas City School District No. 74, GO, 5.25%, <br> 03/01/40<br>| 9950 | &nbsp;&nbsp; 10710768 |
|  |  | &nbsp;&nbsp; 49189517 |
| **Montana — 0.2%** | **Montana — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Montana Board of Housing, RB, S/F Housing, <br> Series A, 5.75%, 12/01/53<br>| 8325 | &nbsp;&nbsp; 8836503 |
| **Nebraska — 0.6%** | **Nebraska — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Central Plains Energy Project, RB, Series A-1, 5.00%, <br> 08/01/55<sup>(b)</sup><br>| 29780 | &nbsp;&nbsp; 31523568 |
| **Nevada — 0.1%** | **Nevada — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; State of Nevada Department of Business & Industry, <br> RB, Series A, 5.00%, 07/15/37<br>| 875 | &nbsp;&nbsp; 870878 |
| State of Nevada, GOL, Series A, 5.00%, 05/01/43 | 1950 | &nbsp;&nbsp; 2097537 |
|  |  | &nbsp;&nbsp; 2968415 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey — 3.6%** | **New Jersey — 3.6%** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, RB, <br> Series B, 5.00%, 06/15/43<br>| $13855 | &nbsp;&nbsp; $14265082 |
| &nbsp;&nbsp;&nbsp; New Jersey Housing & Mortgage Finance Agency, <br> RB, S/F Housing, Series K, Sustainability Bonds, <br> 6.00%, 10/01/55<br>| 8875 | &nbsp;&nbsp; 9564338 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/43 | 9000 | &nbsp;&nbsp; 9635966 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/39 | 7090 | &nbsp;&nbsp; 7819418 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/40 | 3325 | &nbsp;&nbsp; 3644224 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/41 | 2000 | &nbsp;&nbsp; 2180724 |
| New Jersey Turnpike Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/43 | 3020 | &nbsp;&nbsp; 3243862 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/46 | 5000 | &nbsp;&nbsp; 5240683 |
| New Jersey Turnpike Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 01/01/42 | 13700 | &nbsp;&nbsp; 14765642 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 01/01/43 | 50000 | &nbsp;&nbsp; 53671705 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 01/01/44 | 27480 | &nbsp;&nbsp; 29355810 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series A, 5.25%, 06/01/46<br>| 52790 | &nbsp;&nbsp; 52551991 |
|  |  | &nbsp;&nbsp; 205939445 |
| **New Mexico — 0.1%** | **New Mexico — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; County of Santa Fe New Mexico, RB, (AGM), 6.00%, <br> 02/01/27<br>| 35 | &nbsp;&nbsp; 35873 |
| &nbsp;&nbsp;&nbsp; New Mexico Mortgage Finance Authority, RB, S/F <br> Housing, (FHLMC, FNMA, GNMA), 5.75%, <br> 03/01/54<br>| 5525 | &nbsp;&nbsp; 5926194 |
|  |  | &nbsp;&nbsp; 5962067 |
| **New York — 11.0%** | **New York — 11.0%** |  |
| City of New York, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series E-1, 5.00%, 03/01/39 | 10375 | &nbsp;&nbsp; 10663036 |
| &nbsp;&nbsp;&nbsp; Series G, 02/01/39<sup>(f)</sup> | 1750 | &nbsp;&nbsp; 1930012 |
| &nbsp;&nbsp;&nbsp; Empire State Development Corp., RB, Series A, <br> 5.00%, 03/15/44<br>| 14075 | &nbsp;&nbsp; 14969124 |
| Empire State Development Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/44 | 2920 | &nbsp;&nbsp; 3058084 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/46 | 8000 | &nbsp;&nbsp; 8307111 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, RB, <br> Series BB, 5.00%, 06/15/43<br>| 11900 | &nbsp;&nbsp; 12863863 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/40 | 3325 | &nbsp;&nbsp; 3494527 |
| &nbsp;&nbsp;&nbsp; Series DD, 5.50%, 06/15/38 | 13725 | &nbsp;&nbsp; 15940000 |
| &nbsp;&nbsp;&nbsp; Series DD, 5.50%, 06/15/39 | 7675 | &nbsp;&nbsp; 8844104 |
| &nbsp;&nbsp;&nbsp; Series EE, 5.00%, 06/15/45 | 7000 | &nbsp;&nbsp; 7160821 |
| &nbsp;&nbsp;&nbsp; Series EE2, 5.00%, 06/15/40 | 38000 | &nbsp;&nbsp; 39690153 |
| &nbsp;&nbsp;&nbsp; Series FF, 5.00%, 06/15/40 | 19440 | &nbsp;&nbsp; 20072381 |
| &nbsp;&nbsp;&nbsp; Sub-Series BB-2, 5.25%, 06/15/47 | 15000 | &nbsp;&nbsp; 15862008 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Building <br> Aid Revenue, RB, Series S-1, (SAW), 5.00%, <br> 07/15/41<br>| 12650 | &nbsp;&nbsp; 14034544 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future <br> Tax Secured Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 05/01/39 | 3630 | &nbsp;&nbsp; 3996831 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 05/01/40 | 3060 | &nbsp;&nbsp; 3351183 |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 05/01/40 | 3000 | &nbsp;&nbsp; 3346720 |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 05/01/41 | 10000 | &nbsp;&nbsp; 11117851 |
| &nbsp;&nbsp;&nbsp; Series D, 5.25%, 05/01/45 | 15000 | &nbsp;&nbsp; 16097321 |
| &nbsp;&nbsp;&nbsp; Series D-1, 5.50%, 11/01/45 | 19690 | &nbsp;&nbsp; 21096108 |
| &nbsp;&nbsp;&nbsp; Sub-Series E-1, 5.00%, 02/01/39 | 2525 | &nbsp;&nbsp; 2556611 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** |  |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future <br> Tax Secured Revenue, RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Sub-Series F-1, 5.00%, 05/01/42 | 3000 | &nbsp;&nbsp; $3039073 |
| &nbsp;&nbsp;&nbsp; Subordinate, 5.00%, 02/01/40 | 1760 | &nbsp;&nbsp; 1934130 |
| &nbsp;&nbsp;&nbsp; Subordinate, 5.00%, 02/01/41 | 1635 | &nbsp;&nbsp; 1785891 |
| &nbsp;&nbsp;&nbsp; Series A-1, Subordinate, 5.00%, 05/01/41 | 10000 | &nbsp;&nbsp; 10903648 |
| &nbsp;&nbsp;&nbsp; Series C-1, Subordinate, 5.00%, 05/01/44 | 5000 | &nbsp;&nbsp; 5300556 |
| &nbsp;&nbsp;&nbsp; Series C-3, Subordinate, 5.00%, 05/01/39 | 2600 | &nbsp;&nbsp; 2681893 |
| &nbsp;&nbsp;&nbsp; Series H-1, Subordinate, 5.25%, 11/01/45 | 9280 | &nbsp;&nbsp; 9990428 |
| New York State Dormitory Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, (AGM SAW), 5.00%, 10/01/39 | 9345 | &nbsp;&nbsp; 10278844 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/41 | 3240 | &nbsp;&nbsp; 3284579 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/43 | 2050 | &nbsp;&nbsp; 2112085 |
| New York State Dormitory Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/40 | 14950 | &nbsp;&nbsp; 15938813 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 03/15/44 | 5155 | &nbsp;&nbsp; 5519870 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 03/15/46 | 13000 | &nbsp;&nbsp; 13684041 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 03/15/40 | 2350 | &nbsp;&nbsp; 2581051 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 03/15/41 | 2245 | &nbsp;&nbsp; 2453095 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 03/15/42 | 3500 | &nbsp;&nbsp; 3803184 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 03/15/40 | 2270 | &nbsp;&nbsp; 2359034 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 03/15/42 | 36535 | &nbsp;&nbsp; 37810788 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 03/15/43 | 6275 | &nbsp;&nbsp; 6476199 |
| &nbsp;&nbsp;&nbsp; New York State Thruway Authority, Refunding RB, <br> 5.00%, 03/15/41<br>| 15550 | &nbsp;&nbsp; 16619176 |
| New York Transportation Development Corp., ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 6.00%, 04/01/35 | 14215 | &nbsp;&nbsp; 15586748 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/01/38 | 5010 | &nbsp;&nbsp; 5231346 |
| New York Transportation Development Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 10/01/35 | 23000 | &nbsp;&nbsp; 23965949 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 10/01/40 | 23500 | &nbsp;&nbsp; 23831106 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 5.25%, 06/30/49 | 35200 | &nbsp;&nbsp; 35180080 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, ARB, <br> Series 218, AMT, 5.00%, 11/01/49<br>| 32905 | &nbsp;&nbsp; 33208779 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, Refunding <br> ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/42 | 10000 | &nbsp;&nbsp; 10140161 |
| &nbsp;&nbsp;&nbsp; Series 205, 5.00%, 11/15/47 | 12000 | &nbsp;&nbsp; 12159101 |
| &nbsp;&nbsp;&nbsp; Series 245, 5.00%, 09/01/42 | 1000 | &nbsp;&nbsp; 1096911 |
| &nbsp;&nbsp;&nbsp; Series 245, 5.00%, 09/01/43 | 2000 | &nbsp;&nbsp; 2180065 |
| &nbsp;&nbsp;&nbsp; Series 231, AMT, 5.50%, 08/01/39 | 5710 | &nbsp;&nbsp; 6207344 |
| &nbsp;&nbsp;&nbsp; Series 231, AMT, 5.50%, 08/01/47 | 20000 | &nbsp;&nbsp; 21178528 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 248, 5.00%, 01/15/41 | 3735 | &nbsp;&nbsp; 4130239 |
| &nbsp;&nbsp;&nbsp; Series 248, 5.00%, 01/15/42 | 2550 | &nbsp;&nbsp; 2804572 |
| &nbsp;&nbsp;&nbsp; Series 250, 5.00%, 10/15/41 | 7080 | &nbsp;&nbsp; 7866657 |
| &nbsp;&nbsp;&nbsp; Series 250, 5.00%, 10/15/42 | 5060 | &nbsp;&nbsp; 5586386 |
| Triborough Bridge & Tunnel Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/41 | 10000 | &nbsp;&nbsp; 10010681 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 05/15/41 | 2905 | &nbsp;&nbsp; 3145947 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 5.25%, 11/15/40 | 5335 | &nbsp;&nbsp; 5912883 |
|  |  | &nbsp;&nbsp; 626432254 |
| **North Carolina — 0.3%** | **North Carolina — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; North Carolina Housing Finance Agency, RB, S/F <br> Housing, Series 52A, Sustainability Bonds, <br> (FHLMC, FNMA, GNMA), 6.25%, 01/01/55<br>| 8425 | &nbsp;&nbsp; 9091621 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **North Carolina (continued)** | **North Carolina (continued)** |  |
| State of North Carolina, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/38 | 3915 | &nbsp;&nbsp; $4378858 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/39 | 3500 | &nbsp;&nbsp; 3889562 |
|  |  | &nbsp;&nbsp; 17360041 |
| **Ohio — 1.7%** | **Ohio — 1.7%** |  |
| &nbsp;&nbsp;&nbsp; County of Allen OH Hospital Facilities Revenue, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/39 | 17000 | &nbsp;&nbsp; 18235106 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 11/01/40 | 13860 | &nbsp;&nbsp; 14744512 |
| &nbsp;&nbsp;&nbsp; JobsOhio Beverage System, Refunding RB, Class A, <br> Senior Lien, 5.00%, 01/01/38<br>| 9290 | &nbsp;&nbsp; 10456436 |
| &nbsp;&nbsp;&nbsp; Ohio Turnpike & Infrastructure Commission, RB, <br> Series A, 5.00%, 02/15/43<br>| 6415 | &nbsp;&nbsp; 6533246 |
| &nbsp;&nbsp;&nbsp; Ohio University, Refunding RB, Series A, 5.00%, <br> 12/01/44<br>| 7000 | &nbsp;&nbsp; 7071359 |
| Ohio Water Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/44 | 1975 | &nbsp;&nbsp; 2042955 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/40 | 9500 | &nbsp;&nbsp; 10493027 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/41 | 6675 | &nbsp;&nbsp; 7352015 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 5.00%, 12/01/41 | 3715 | &nbsp;&nbsp; 4057680 |
| State of Ohio, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/34 | 775 | &nbsp;&nbsp; 886694 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/01/39 | 10000 | &nbsp;&nbsp; 10134285 |
| &nbsp;&nbsp;&nbsp; University of Cincinnati, RB, Series C, 5.00%, <br> 06/01/41<br>| 2600 | &nbsp;&nbsp; 2601765 |
|  |  | &nbsp;&nbsp; 94609080 |
| **Oklahoma — 0.3%** | **Oklahoma — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority, RB, <br> 7.25%, 09/01/51<sup>(c)</sup><br>| 7820 | &nbsp;&nbsp; 7563805 |
| &nbsp;&nbsp;&nbsp; Tulsa Municipal Airport Trust Trustees, Refunding, <br> ARB, AMT, 6.25%, 12/01/35<br>| 7770 | &nbsp;&nbsp; 8804801 |
|  |  | &nbsp;&nbsp; 16368606 |
| **Oregon — 1.7%** | **Oregon — 1.7%** |  |
| County of Washington Oregon, GOL |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/39 | 9760 | &nbsp;&nbsp; 10897454 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/41 | 8905 | &nbsp;&nbsp; 9810378 |
| &nbsp;&nbsp;&nbsp; Deschutes County Administrative School District No. <br> 1 Bend-La Pine, GO<br>|  |  |
| &nbsp;&nbsp;&nbsp; (GTD), 5.00%, 06/15/40 | 16010 | &nbsp;&nbsp; 17586518 |
| &nbsp;&nbsp;&nbsp; (GTD), 5.00%, 06/15/41 | 15040 | &nbsp;&nbsp; 16451588 |
| &nbsp;&nbsp;&nbsp; Port of Morrow Oregon, GOL, Series A, 5.15%, <br> 10/01/26<sup>(c)</sup><br>| 17685 | &nbsp;&nbsp; 17684255 |
| State of Oregon, GO, Series A, 5.00%, 05/01/42 | 10110 | &nbsp;&nbsp; 10887385 |
| &nbsp;&nbsp;&nbsp; Washington & Clackamas Counties School District <br> No. 23J Tigard-Tualatin, GO<br>|  |  |
| &nbsp;&nbsp;&nbsp; (GTD), 5.00%, 06/15/41 | 8000 | &nbsp;&nbsp; 8803110 |
| &nbsp;&nbsp;&nbsp; (GTD), 5.00%, 06/15/42 | 6000 | &nbsp;&nbsp; 6561496 |
|  |  | &nbsp;&nbsp; 98682184 |
| **Pennsylvania — 2.4%** | **Pennsylvania — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone <br> Development Authority, RB, 5.00%, 05/01/32<sup>(c)</sup><br>| 3750 | &nbsp;&nbsp; 3776320 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Pennsylvania Water & <br> Wastewater Revenue, RB, Series A, 5.00%, <br> 11/01/45<br>| 1050 | &nbsp;&nbsp; 1085875 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Pennsylvania Water & <br> Wastewater Revenue, Refunding RB, Series B, <br> (AGM), 5.00%, 09/01/39<br>| 2775 | &nbsp;&nbsp; 3028866 |
| Commonwealth of Pennsylvania, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/40 | 10000 | &nbsp;&nbsp; 10791459 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Pennsylvania (continued)** | **Pennsylvania (continued)** |  |
| Commonwealth of Pennsylvania, GO (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/42 | 10000 | &nbsp;&nbsp; $10983836 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/43 | 10045 | &nbsp;&nbsp; 10958357 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 08/15/39 | 4025 | &nbsp;&nbsp; 4430038 |
| Lancaster County Hospital Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/37 | 1205 | &nbsp;&nbsp; 1249183 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/39 | 1000 | &nbsp;&nbsp; 1031151 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, <br> Refunding RB, Series B-1, 5.25%, 11/01/43<br>| 17000 | &nbsp;&nbsp; 18078252 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 143A, Sustainability Bonds, 6.25%, <br> 10/01/53<br>| 10225 | &nbsp;&nbsp; 11030610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 149A, Sustainability Bonds, 6.50%, <br> 10/01/55<br>| 18083 | &nbsp;&nbsp; 20556000 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission Oil Franchise Tax <br> Revenue, Refunding RB, Series A, 5.00%, <br> 12/01/46<br>| 5900 | &nbsp;&nbsp; 6123650 |
| Pennsylvania Turnpike Commission, RB |  |  |
| &nbsp;&nbsp;&nbsp; Sub-Series B-1, 5.00%, 06/01/42 | 10000 | &nbsp;&nbsp; 10140422 |
| &nbsp;&nbsp;&nbsp; Series A, Subordinate, 5.00%, 12/01/44 | 18190 | &nbsp;&nbsp; 18787316 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission, RB, CAB, Sub-<br> Series A-2, Convertible, Restructured, 5.13%, <br> 12/01/40<sup>(i)</sup><br>| 2680 | &nbsp;&nbsp; 2782716 |
|  |  | &nbsp;&nbsp; 134834051 |
| **Puerto Rico — 1.2%** | **Puerto Rico — 1.2%** |  |
| Commonwealth of Puerto Rico, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.75%, 07/01/31 | 13205 | &nbsp;&nbsp; 14416322 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.00%, 07/01/33 | 20418 | &nbsp;&nbsp; 20380721 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.00%, 07/01/35 | 8168 | &nbsp;&nbsp; 8047564 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.00%, 07/01/37 | 25180 | &nbsp;&nbsp; 24311940 |
|  |  | &nbsp;&nbsp; 67156547 |
| **South Carolina — 4.2%** | **South Carolina — 4.2%** |  |
| County of Dorchester South Carolina, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/40 | 1245 | &nbsp;&nbsp; 1263113 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/01/51 | 3000 | &nbsp;&nbsp; 3017236 |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, RB, <br> Series A1, 5.25%, 10/01/54<sup>(b)</sup><br>| 48600 | &nbsp;&nbsp; 52256800 |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, Refunding <br> RB, Series B-1, 5.25%, 02/01/54<sup>(b)</sup><br>| 84000 | &nbsp;&nbsp; 89670311 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development <br> Authority, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 08/15/62<sup>(c)</sup> | 10135 | &nbsp;&nbsp; 8956938 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 11/01/41 | 13985 | &nbsp;&nbsp; 15157374 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 11/01/43 | 27170 | &nbsp;&nbsp; 29130709 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development <br> Authority, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/15/37 | 3005 | &nbsp;&nbsp; 3040095 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/46 | 13070 | &nbsp;&nbsp; 13262895 |
| &nbsp;&nbsp;&nbsp; South Carolina State Housing Finance & <br> Development Authority, RB, S/F Housing, Series B, <br> (FHLMC, FNMA, GNMA), 6.50%, 07/01/55<br>| 9850 | &nbsp;&nbsp; 11158875 |
| &nbsp;&nbsp;&nbsp; South Carolina State Housing Finance & <br> Development Authority, Refunding RB, S/F <br> Housing, Series B, 6.00%, 01/01/54<br>| 8620 | &nbsp;&nbsp; 9417294 |
|  |  | &nbsp;&nbsp; 236331640 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **South Dakota — 0.2%** | **South Dakota — 0.2%** |  |
| South Dakota Conservancy District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 08/01/43 | $5485 | &nbsp;&nbsp; $5827424 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 08/01/44 | 5735 | &nbsp;&nbsp; 6056495 |
|  |  | &nbsp;&nbsp; 11883919 |
| **Tennessee — 2.2%** | **Tennessee — 2.2%** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson <br> County Tennessee , GO, Series B, 4.00%, <br> 01/01/39<br>| 6365 | &nbsp;&nbsp; 6417185 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson <br> County Tennessee Water & Sewer Revenue, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/39 | 5520 | &nbsp;&nbsp; 6054411 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/40 | 3900 | &nbsp;&nbsp; 4254131 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/41 | 3225 | &nbsp;&nbsp; 3502779 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/42 | 2380 | &nbsp;&nbsp; 2572139 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/43 | 3415 | &nbsp;&nbsp; 3669260 |
| Metropolitan Nashville Airport Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/36 | 735 | &nbsp;&nbsp; 812495 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/37 | 535 | &nbsp;&nbsp; 586705 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/38 | 880 | &nbsp;&nbsp; 958148 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/39 | 1005 | &nbsp;&nbsp; 1086969 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/40 | 820 | &nbsp;&nbsp; 881341 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/41 | 1005 | &nbsp;&nbsp; 1074911 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/42 | 1135 | &nbsp;&nbsp; 1206141 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/43 | 1635 | &nbsp;&nbsp; 1725989 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., Refunding RB, <br> Series A, 5.00%, 12/01/35<br>| 55345 | &nbsp;&nbsp; 58601146 |
| &nbsp;&nbsp;&nbsp; Tennessee Housing Development Agency, RB, S/F <br> Housing, Series 2A, Sustainability Bonds, 5.75%, <br> 01/01/54<br>| 10290 | &nbsp;&nbsp; 10946149 |
| &nbsp;&nbsp;&nbsp; Tennessee Housing Development Agency, Refunding <br> RB, S/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 1A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 6.00%, 01/01/56<br>| 8570 | &nbsp;&nbsp; 9376173 |
| &nbsp;&nbsp;&nbsp; Series 3A, Sustainability Bonds, 6.25%, 01/01/54 | 4605 | &nbsp;&nbsp; 4977960 |
| &nbsp;&nbsp;&nbsp; Tennessee State School Bond Authority, RB, <br> Series A, 5.00%, 11/01/42<br>| 4640 | &nbsp;&nbsp; 4714490 |
|  |  | &nbsp;&nbsp; 123418522 |
| **Texas — 15.6%** | **Texas — 15.6%** |  |
| &nbsp;&nbsp;&nbsp; Allen Independent School District, GO, (PSF), 5.00%, <br> 02/15/42<br>| 1100 | &nbsp;&nbsp; 1183934 |
| Arlington Higher Education Finance Corp., RB<sup>(c)(g)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 11/01/62 | 9425 | &nbsp;&nbsp; 5655000 |
| &nbsp;&nbsp;&nbsp; Series A, 5.30%, 04/01/62 | 6415 | &nbsp;&nbsp; 3207500 |
| Athens Independent School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/40 | 2735 | &nbsp;&nbsp; 2996512 |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/41 | 2870 | &nbsp;&nbsp; 3122207 |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/42 | 3020 | &nbsp;&nbsp; 3264824 |
| &nbsp;&nbsp;&nbsp; Austin Independent School District, GO, (PSF), <br> 5.00%, 08/01/41<br>| 2500 | &nbsp;&nbsp; 2731204 |
| &nbsp;&nbsp;&nbsp; Board of Regents of the University of Texas System, <br> Refunding RB, Series A, 5.00%, 08/15/43<br>| 11035 | &nbsp;&nbsp; 11718540 |
| &nbsp;&nbsp;&nbsp; Cedar Hill Independent School District, GO, (PSF), <br> 5.00%, 02/15/43<br>| 2000 | &nbsp;&nbsp; 2129481 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Electric Utility Revenue, <br> Refunding RB, 5.00%, 11/15/40<br>| 15560 | &nbsp;&nbsp; 16751683 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System <br> Revenue, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 11/15/34<sup>(f)</sup> | 3145 | &nbsp;&nbsp; 3570031 |
| &nbsp;&nbsp;&nbsp; 11/15/35<sup>(f)</sup> | 2905 | &nbsp;&nbsp; 3305948 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System <br> Revenue, Refunding RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; 11/15/36<sup>(f)</sup> | $2155 | &nbsp;&nbsp; $2444561 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/39 | 4875 | &nbsp;&nbsp; 5271180 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 11/15/45 | 1145 | &nbsp;&nbsp; 1182638 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, ARB, <br> Series B, AMT, 5.50%, 07/15/38<br>| 5000 | &nbsp;&nbsp; 5208979 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Subordinate Lien, 5.25%, 07/01/40 | 4000 | &nbsp;&nbsp; 4353355 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Subordinate Lien, 5.25%, 07/01/41 | 4135 | &nbsp;&nbsp; 4479387 |
| &nbsp;&nbsp;&nbsp; City of San Antonio Texas Electric & Gas Systems <br> Revenue, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 02/01/40 | 10000 | &nbsp;&nbsp; 11008209 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 02/01/41 | 25625 | &nbsp;&nbsp; 28095504 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 02/01/42 | 9150 | &nbsp;&nbsp; 9993864 |
| &nbsp;&nbsp;&nbsp; City of Tyler Texas Water & Sewer System Revenue, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/41 | 1385 | &nbsp;&nbsp; 1491263 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/42 | 1455 | &nbsp;&nbsp; 1558901 |
| &nbsp;&nbsp;&nbsp; Clear Creek Independent School District, Refunding <br> GO<br>|  |  |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/40 | 4530 | &nbsp;&nbsp; 4961545 |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/41 | 8000 | &nbsp;&nbsp; 8696622 |
| Conroe Independent School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/41 | 5000 | &nbsp;&nbsp; 5403888 |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/42 | 7345 | &nbsp;&nbsp; 7922340 |
| &nbsp;&nbsp;&nbsp; County of Harris Texas Toll Road Revenue, Refunding <br> RB, Series A, Senior Lien, 5.00%, 08/15/43<br>| 10000 | &nbsp;&nbsp; 10187644 |
| County of Harris Texas, Refunding GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/15/39 | 6150 | &nbsp;&nbsp; 6831423 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/15/40 | 6325 | &nbsp;&nbsp; 6970683 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport, Refunding <br> ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/01/38 | 3905 | &nbsp;&nbsp; 4278786 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/01/40 | 27375 | &nbsp;&nbsp; 29652200 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/01/41 | 24125 | &nbsp;&nbsp; 26068503 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/01/42 | 7500 | &nbsp;&nbsp; 8057431 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/01/43 | 10500 | &nbsp;&nbsp; 11213495 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 5.25%, 11/01/44 | 24130 | &nbsp;&nbsp; 25630838 |
| &nbsp;&nbsp;&nbsp; East Central Independent School District, Refunding <br> GO, Series A, (PSF), 5.00%, 08/15/42<br>| 2720 | &nbsp;&nbsp; 2922180 |
| &nbsp;&nbsp;&nbsp; Garland Independent School District, GO, Series A, <br> (PSF), 5.00%, 02/15/39<br>| 2110 | &nbsp;&nbsp; 2285927 |
| &nbsp;&nbsp;&nbsp; Grand Parkway Transportation Corp., RB, Series A, <br> 5.00%, 10/01/48<br>| 6100 | &nbsp;&nbsp; 6160982 |
| Irving Independent School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/41 | 5250 | &nbsp;&nbsp; 5578198 |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/43 | 4000 | &nbsp;&nbsp; 4236398 |
| Lower Colorado River Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 05/15/41 | 2000 | &nbsp;&nbsp; 2119580 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/44 | 4675 | &nbsp;&nbsp; 4714522 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/50 | 10395 | &nbsp;&nbsp; 10485977 |
| &nbsp;&nbsp;&nbsp; Series A, (BAM), 5.00%, 05/15/41 | 8420 | &nbsp;&nbsp; 9130138 |
| &nbsp;&nbsp;&nbsp; Series A, (BAM), 5.25%, 05/15/42 | 10320 | &nbsp;&nbsp; 11357512 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 05/15/47 | 5000 | &nbsp;&nbsp; 5271623 |
| &nbsp;&nbsp;&nbsp; New Caney Independent School District, Refunding <br> GO, (PSF), 5.00%, 02/15/42<br>| 2000 | &nbsp;&nbsp; 2137599 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance <br> Corp., RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.25%, 08/15/40 | 6270 | &nbsp;&nbsp; $6958616 |
| &nbsp;&nbsp;&nbsp; Class A, 5.25%, 08/15/41 | 5340 | &nbsp;&nbsp; 5903176 |
| &nbsp;&nbsp;&nbsp; Class A, 5.25%, 08/15/42 | 5000 | &nbsp;&nbsp; 5476579 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance <br> Corp., Refunding RB, Series A, 6.75%, 10/01/52<br>| 580 | &nbsp;&nbsp; 592177 |
| North Texas Tollway Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/40 | 20000 | &nbsp;&nbsp; 21396822 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/43 | 10845 | &nbsp;&nbsp; 11110733 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/43 | 10000 | &nbsp;&nbsp; 10069569 |
| &nbsp;&nbsp;&nbsp; Permanent University Fund - University of Texas <br> System, Refunding RB, Series A, 5.00%, 07/01/41<br>| 17155 | &nbsp;&nbsp; 18500338 |
| &nbsp;&nbsp;&nbsp; Port Authority of Houston of Harris County Texas, <br> ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1st Lien, 5.00%, 10/01/40 | 1330 | &nbsp;&nbsp; 1424038 |
| &nbsp;&nbsp;&nbsp; 1st Lien, 5.00%, 10/01/41 | 4580 | &nbsp;&nbsp; 4884737 |
| &nbsp;&nbsp;&nbsp; Red Oak Independent School District, RB, 5.00%, <br> 02/15/41<br>| 4305 | &nbsp;&nbsp; 4652955 |
| San Antonio Water System, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, Junior Lien, 5.00%, 05/15/43 | 13435 | &nbsp;&nbsp; 14395977 |
| &nbsp;&nbsp;&nbsp; Series C, Junior Lien, 5.00%, 05/15/44 | 5000 | &nbsp;&nbsp; 5329042 |
| State of Texas, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/39 | 25800 | &nbsp;&nbsp; 28709667 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/40 | 17625 | &nbsp;&nbsp; 19490210 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/41 | 23220 | &nbsp;&nbsp; 25595134 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 08/01/39 | 5475 | &nbsp;&nbsp; 6032599 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/15/47 | 12790 | &nbsp;&nbsp; 13465359 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/38 | 4650 | &nbsp;&nbsp; 5112214 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/39 | 4000 | &nbsp;&nbsp; 4369679 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/40 | 4475 | &nbsp;&nbsp; 4857610 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/43 | 40510 | &nbsp;&nbsp; 41560680 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/48 | 22110 | &nbsp;&nbsp; 22397629 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/51<sup>(b)</sup> | 74785 | &nbsp;&nbsp; 82349142 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/15/41 | 15900 | &nbsp;&nbsp; 15962541 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/45 | 13190 | &nbsp;&nbsp; 13226047 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/15/47 | 9150 | &nbsp;&nbsp; 9172600 |
| &nbsp;&nbsp;&nbsp; Terrell Independent School District, GO, (PSF), <br> 5.25%, 08/01/42<br>| 2000 | &nbsp;&nbsp; 2192082 |
| &nbsp;&nbsp;&nbsp; Texas Department of Housing & Community Affairs, <br> RB, S/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (GNMA), 5.75%, 03/01/54 | 25620 | &nbsp;&nbsp; 27725892 |
| &nbsp;&nbsp;&nbsp; Series B, (GNMA), 6.00%, 03/01/53 | 9925 | &nbsp;&nbsp; 10814991 |
| &nbsp;&nbsp;&nbsp; Series B, (GNMA), 6.00%, 01/01/56 | 13430 | &nbsp;&nbsp; 14940789 |
| Texas Transportation Finance Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Subordinate, 5.00%, 10/01/41 | 24105 | &nbsp;&nbsp; 26382190 |
| &nbsp;&nbsp;&nbsp; Subordinate, 5.00%, 10/01/42 | 18600 | &nbsp;&nbsp; 20243275 |
| Texas Water Development Board, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/44 | 9200 | &nbsp;&nbsp; 9876259 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/15/42 | 4210 | &nbsp;&nbsp; 4280345 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/15/43 | 4400 | &nbsp;&nbsp; 4488907 |
| Trinity River Authority, RB, 5.00%, 02/01/42 | 1500 | &nbsp;&nbsp; 1622626 |
|  |  | &nbsp;&nbsp; 882563965 |
| **Utah — 0.9%** | **Utah — 0.9%** |  |
| City of Salt Lake City Utah Airport Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/36 | 2110 | &nbsp;&nbsp; 2319414 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Utah (continued)** | **Utah (continued)** |  |
| &nbsp;&nbsp;&nbsp; City of Salt Lake City Utah Airport Revenue, <br> ARB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/37 | 6610 | &nbsp;&nbsp; $6775736 |
| County of Utah, RB, Series A, 5.00%, 05/15/43 | 11860 | &nbsp;&nbsp; 12329178 |
| County of Utah, Refunding RB, 5.00%, 05/15/41 | 22375 | &nbsp;&nbsp; 22405233 |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, RB, 5.63%, <br> 06/15/54<sup>(c)</sup><br>| 4930 | &nbsp;&nbsp; 4301269 |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, Refunding <br> RB, 5.25%, 06/15/37<sup>(c)</sup><br>| 3795 | &nbsp;&nbsp; 3691727 |
|  |  | &nbsp;&nbsp; 51822557 |
| **Vermont — 0.1%** | **Vermont — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; East Central Vermont Telecommunications District, <br> RB, Series A, 4.25%, 12/01/40<sup>(c)</sup><br>| 4030 | &nbsp;&nbsp; 3467777 |
| &nbsp;&nbsp;&nbsp; Vermont Housing Finance Agency, RB, S/F Housing, <br> Series C, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 5.75%, 11/01/53<br>| 4053 | &nbsp;&nbsp; 4366944 |
|  |  | &nbsp;&nbsp; 7834721 |
| **Virginia — 0.6%** | **Virginia — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Ballston Quarter Community Development Authority, <br> TA, Series A-1, 5.50%, 03/01/46<br>| 693 | &nbsp;&nbsp; 679713 |
| &nbsp;&nbsp;&nbsp; Prince William County Industrial Development <br> Authority, RB, Series A, 5.00%, 10/01/41<br>| 2460 | &nbsp;&nbsp; 2655863 |
| &nbsp;&nbsp;&nbsp; University of Virginia, Refunding RB, Series A, 5.00%, <br> 04/01/47<br>| 9630 | &nbsp;&nbsp; 9719946 |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority, RB, 5.00%, <br> 02/01/42<br>| 4000 | &nbsp;&nbsp; 4241924 |
| &nbsp;&nbsp;&nbsp; Virginia Commonwealth Transportation Board, RB, <br> 5.00%, 05/15/42<br>| 5000 | &nbsp;&nbsp; 5361881 |
| Virginia Port Authority, RB, 5.00%, 07/01/41 | 2925 | &nbsp;&nbsp; 3184997 |
| &nbsp;&nbsp;&nbsp; Virginia Public Building Authority, ARB, Series A, <br> 4.00%, 08/01/38<br>| 4625 | &nbsp;&nbsp; 4655604 |
| &nbsp;&nbsp;&nbsp; Virginia Public Building Authority, RB, Series A, <br> 4.00%, 08/01/41<br>| 3195 | &nbsp;&nbsp; 3185529 |
|  |  | &nbsp;&nbsp; 33685457 |
| **Washington — 1.1%** | **Washington — 1.1%** |  |
| &nbsp;&nbsp;&nbsp; Franklin County School District No. 1 Pasco, <br> Refunding GO, (GTD), 5.50%, 12/01/40<br>| 13250 | &nbsp;&nbsp; 14823109 |
| &nbsp;&nbsp;&nbsp; Pierce County School District No. 403 Bethel, GO, <br> (GTD), 4.00%, 12/01/38<br>| 5375 | &nbsp;&nbsp; 5396019 |
| Port of Seattle Wasington, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, Intermediate Lien, 5.00%, 10/01/35 | 3000 | &nbsp;&nbsp; 3317566 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, Intermediate Lien, 5.00%, 10/01/38 | 6000 | &nbsp;&nbsp; 6510952 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, Intermediate Lien, 5.00%, 10/01/39 | 5000 | &nbsp;&nbsp; 5374969 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, Intermediate Lien, 5.00%, 10/01/40 | 7000 | &nbsp;&nbsp; 7478274 |
| &nbsp;&nbsp;&nbsp; Seattle Housing Authority, RB, M/F Housing, 5.00%, <br> 12/01/29<br>| 6550 | &nbsp;&nbsp; 6843234 |
| State of Washington, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020A, 5.00%, 08/01/40 | 5000 | &nbsp;&nbsp; 5218365 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 02/01/42 | 2020 | &nbsp;&nbsp; 2124757 |
| &nbsp;&nbsp;&nbsp; Series F, 5.00%, 06/01/45 | 3795 | &nbsp;&nbsp; 3950072 |
|  |  | &nbsp;&nbsp; 61037317 |
| **Wisconsin — 0.6%** | **Wisconsin — 0.6%** |  |
| Public Finance Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/31<sup>(g)</sup> | 1715 | &nbsp;&nbsp; 171500 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/01/47<sup>(g)</sup> | 1715 | &nbsp;&nbsp; 171500 |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 07/01/33 | 6580 | &nbsp;&nbsp; 5838411 |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 11/01/46<sup>(g)</sup> | 6385 | &nbsp;&nbsp; 2234750 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Wisconsin (continued)** | **Wisconsin (continued)** |  |
| Public Finance Authority, RB<sup>(c)</sup> (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.63%, 06/15/49 | 11730 | &nbsp;&nbsp; $10466832 |
| State of Wisconsin, GO, Series A, 5.00%, 05/01/38 | 10000 | &nbsp;&nbsp; 11211951 |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & Economic Development <br> Authority Home Ownership Revenue, RB, S/F <br> Housing, Series A, Sustainability Bonds, (FHLMC, <br> FNMA, GNMA), 6.00%, 03/01/54<br>| 6035 | &nbsp;&nbsp; 6608084 |
|  |  | &nbsp;&nbsp; 36703028 |
| **Total Municipal Bonds — 91.8%** <br>**(Cost: $5,144,418,287)** | **Total Municipal Bonds — 91.8%** <br>**(Cost: $5,144,418,287)** | &nbsp;&nbsp; 5207515393 |
| **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(j)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(j)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(j)</sup> |
| **Alabama — 1.2%** | **Alabama — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Refunding RB, <br> Series D, 5.00%, 12/01/55<sup>(b)</sup><br>| 65000 | &nbsp;&nbsp; 68775950 |
| **California — 0.8%** | **California — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; California State University, RB, Series A, 5.00%, <br> 11/01/49<br>| 40470 | &nbsp;&nbsp; 41558007 |
| **District of Columbia — 0.9%** | **District of Columbia — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority <br> Dedicated Revenue, RB, Series A, 5.00%, <br> 07/15/45<br>| 50585 | &nbsp;&nbsp; 51761778 |
| **Massachusetts — 0.9%** | **Massachusetts — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GO, Series C, <br> 5.25%, 10/01/47<br>| 50000 | &nbsp;&nbsp; 52647255 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 3.8%** <br>**(Cost: $220,857,725)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 3.8%** <br>**(Cost: $220,857,725)** | &nbsp;&nbsp; 214742990 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Warrants** | **Warrants** | **Warrants** |
| **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Brightline West, (Expires 11/26/35, Strike Price USD <br> 5.00)<sup>(h)(k)</sup><br>| 431240 | &nbsp;&nbsp; 711546 |
| **Total Warrants — 0.0%** <br>**(Cost: $—)** | **Total Warrants — 0.0%** <br>**(Cost: $—)** | &nbsp;&nbsp; 711546 |
| **Total Long-Term Investments — 97.5%** <br>**(Cost: $5,473,835,907)** | **Total Long-Term Investments — 97.5%** <br>**(Cost: $5,473,835,907)** | &nbsp;&nbsp; 5531731429 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 5.4%** | **Money Market Funds — 5.4%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 2.23%<sup>(a)(l)</sup><br>| 309271201 | &nbsp;&nbsp; $309302128 |
| **Total Short-Term Securities — 5.4%** <br>**(Cost: $309,228,429)** | **Total Short-Term Securities — 5.4%** <br>**(Cost: $309,228,429)** | &nbsp;&nbsp; 309302128 |
| **Total Investments — 102.9%** <br>**(Cost: $5,783,064,336)** | **Total Investments — 102.9%** <br>**(Cost: $5,783,064,336)** | &nbsp;&nbsp; 5841033557 |
| **Liabilities in Excess of Other Assets — (0.5)%** | **Liabilities in Excess of Other Assets — (0.5)%** | &nbsp;&nbsp; (27259732)<br>|
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (2.4)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (2.4)%** | &nbsp;&nbsp; (138329190)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $5675444635 |

---

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

<sup>(a)</sup> Affiliate of the Fund.

<sup>(b)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

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

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(d)</sup> U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. 

<sup>(e)</sup> Security is collateralized by municipal bonds or U.S. Treasury obligations.

<sup>(f)</sup> When-issued security.

<sup>(g)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(h)</sup> Non-income producing security.

<sup>(i)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(j)</sup> Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. 

<sup>(k)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(l)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*06/30/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*03/31/26*<br>| *Shares* <br>*Held at* <br>*03/31/26*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, <br> Institutional Shares<br>| $323599501 | $— | $(14297372 )<sup>(a)</sup><br>| &nbsp;&nbsp; $14859 | $(14860)<br>| $309302128 | 309271201 | $3810425 | $— |
| iShares High Yield Muni Active ETF |  | 50105895 |  | &nbsp;&nbsp; — | 273105 | 50379000 | 1050000 | 1544498 |  |
| iShares National Muni Bond ETF |  | 149816736 | (91672100)<br>| &nbsp;&nbsp; 309364 | (71500)<br>| 58382500 | 550000 | 152962 |  |
|  |  |  |  | &nbsp;&nbsp; $324223 | $186745 | $418063628 |  | $5507885 | $— |

---

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

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock National Municipal Fund** 

**Fair Value Hierarchy as of Period End (continued)**

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; $108761500 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $108761500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5207515393 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5207515393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 214742990 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 214742990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 711546 | &nbsp;&nbsp;&nbsp;&nbsp; 711546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 309302128 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 309302128 |
|  | &nbsp;&nbsp; $418063628 | &nbsp;&nbsp;&nbsp;&nbsp; $5422258383 | &nbsp;&nbsp;&nbsp;&nbsp; $711546 | &nbsp;&nbsp;&nbsp;&nbsp; $5841033557 |

---

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, TOB Trust Certificates of $137,369,982 are categorized as Level 2 within the fair value hierarchy.

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |
| BAB | Build America Bond |
| BAM | Build America Mutual Assurance Co. |
| CAB | Capital Appreciation Bonds |
| ETF | Exchange-Traded Fund |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| M/F | Multi-Family |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |
| S/F | Single-Family |
| SAB | Special Assessment Bonds |
| SAW | State Aid Withholding |
| TA | Tax Allocation |

---

Schedule of Investments

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Municipal Bond Fund, Inc.

- **b. Investment Company Act file number:** 811-02688

- **c. CIK number of Registrant:** 0000225635

- **d. LEI of Registrant:** 549300RTFZS1V1PV8C63

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock National Municipal Fund

- **b. EDGAR series identifier (if any):** S000002334

- **c. LEI of Series:** 57P6LYFXTWNU9L7GM070

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5862875810.61

**Total Liabilities:** $194496293.68

**Net Assets:** $5668379516.93

**Delayed Delivery Securities:** $30305474.45

**Cash Not Reported:** $30434702.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 189515.01000000 | **1-Year:** 197377.74000000 | **5-Year:** 1835597.09000000 | **10-Year:** 1397810.17000000 | **30-Year:** 37982.39000000

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

- **3-Month:** 88560.96000000 | **1-Year:** 25402.29000000 | **5-Year:** 35218.14000000 | **10-Year:** 55611.93000000 | **30-Year:** 33934.68000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006118 | 0.91%                | 1.20%                | -2.07%               |
| Class ID C000006121 | 1.03%                | 1.12%                | -2.05%               |
| Class ID C000038033 | 0.84%                | 1.14%                | -2.13%               |
| Class ID C000100249 | 1.01%                | 1.20%                | -2.17%               |
| Class ID C000100250 | 1.03%                | 1.22%                | -2.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2928065.65              | $36590669.99                               |
| Month 2  | $662911.89               | $50060201.54                               |
| Month 3  | $2808505.36              | $-143749816.37                             |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alabama Highway Authority                                                       | ALABAMA ST HIGHWAY AUTH SPL OBLIG REVENUE                    | CUSIP: 010559AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8775000 | PA      | $9800946.68   | 0.17%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                  | ALLEN CNTY OH HOSP FACS REVENUE                              | CUSIP: 01757LHF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $18235106.10  | 0.32%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                  | ALLEN CNTY OH HOSP FACS REVENUE                              | CUSIP: 01757LHG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13860000 | PA      | $14744511.94  | 0.26%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allen Independent School District                                               | ALLEN TX INDEP SCH DIST                                      | CUSIP: 018106XY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1183933.52   | 0.02%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                   | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3776319.38   | 0.07%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ann Arbor School District                                                       | ANN ARBOR MI SCH DIST                                        | CUSIP: 035519ZG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5760000 | PA      | $6409426.75   | 0.11%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1233092.47   | 0.02%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2269085.88   | 0.04%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                          | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                    | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17200000 | PA      | $18467124.00  | 0.33%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                          | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                    | CUSIP: 04108WCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14700000 | PA      | $15903556.62  | 0.28%             | 2048-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                         | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418066V7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6415000 | PA      | $3207500.00   | 0.06%             | 2062-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                         | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9425000 | PA      | $5655000.00   | 0.10%             | 2062-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Athens Independent School District                                              | ATHENS TX INDEP SCH DIST                                     | CUSIP: 047375SS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2996511.95   | 0.05%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens Independent School District                                              | ATHENS TX INDEP SCH DIST                                     | CUSIP: 047375ST8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $3122206.99   | 0.06%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens Independent School District                                              | ATHENS TX INDEP SCH DIST                                     | CUSIP: 047375SU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3264823.55   | 0.06%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780M2V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3787936.10   | 0.07%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780M2W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4916135.00   | 0.09%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780M2Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4330976.80   | 0.08%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780M3A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7481094.60   | 0.13%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780M3B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7630000 | PA      | $8090995.44   | 0.14%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                            | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TEA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3484244.12   | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                            | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4979514.81   | 0.09%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                      | AUSTIN TX ELEC UTILITY SYS REVENUE                           | CUSIP: 052414VN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15560000 | PA      | $16751682.83  | 0.30%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430XT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2731204.00   | 0.05%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477EK8<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1182638.21   | 0.02%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477Q33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3570031.34   | 0.06%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477Q41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2905000 | PA      | $3305948.39   | 0.06%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2444561.10   | 0.04%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477QP4<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   4875000 | PA      | $5271180.04   | 0.09%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                 | BALDWIN CNTY AL INDL DEV AUTH SOL WST DISP REVENUE           | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14310000 | PA      | $14514046.29  | 0.26%             | 2055-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                | BALLSTON QUARTER CMNTY DEV AUTH VA REVENUE                   | CUSIP: 058696AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    693000 | PA      | $679713.25    | 0.01%             | 2046-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  11170000 | PA      | $11691463.63  | 0.21%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  52000000 | PA      | $56100423.60  | 0.99%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182THJ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8030000 | PA      | $8393685.93   | 0.15%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182THS9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  18995000 | PA      | $19816799.68  | 0.35%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| iShares High Yield Muni Active ETF                                              | iShares High Yield Muni Active ETF                           | CUSIP: 092528843<br>LEI: 529900RSTN1ODZCS1O82 | Long             | EC               | RF                | US        |   1050000 | NS      | $50379000.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| City of Bloomington MN Sales Tax Revenue                                        | BLOOMINGTON MN SALES TAX REVENUE                             | CUSIP: 094814BK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3433010.73   | 0.06%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bloomington MN Sales Tax Revenue                                        | BLOOMINGTON MN SALES TAX REVENUE                             | CUSIP: 094814BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3890000 | PA      | $4154418.08   | 0.07%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bloomington MN Sales Tax Revenue                                        | BLOOMINGTON MN SALES TAX REVENUE                             | CUSIP: 094814BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4085000 | PA      | $4335796.12   | 0.08%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   8885000 | PA      | $9662903.07   | 0.17%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  51775000 | PA      | $27440750.00  | 0.48%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE              | CUSIP: 13034DBS2<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  30800000 | PA      | $30799032.88  | 0.54%             | 2056-07-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Cedar Hill Independent School District                                          | CEDAR HILL TX INDEP SCH DIST                                 | CUSIP: 1504293Z9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129481.00   | 0.04%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                   | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  29780000 | PA      | $31523568.37  | 0.56%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arapahoe County School District No 5 Cherry Creek                               | CHERRY CREEK CO SCH DIST #5                                  | CUSIP: 164555EA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2732168.31   | 0.05%             | 2041-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167591AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3681535.55   | 0.06%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675935C2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970000 | PA      | $4250505.91   | 0.07%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675937Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2762215.45   | 0.05%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675937Z9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2049249.68   | 0.04%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675938A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2503666.78   | 0.04%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675938B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2757397.01   | 0.05%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593F64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22825000 | PA      | $22916911.71  | 0.40%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593L26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1029537.98   | 0.02%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20209912.00  | 0.36%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24840000 | PA      | $24947015.69  | 0.44%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593X56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19445000 | PA      | $20156471.16  | 0.36%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 184541JL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4530000 | PA      | $4961545.47   | 0.09%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 184541JM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8696622.40   | 0.15%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FB60<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   6125000 | PA      | $6708656.76   | 0.12%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FB78<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4515000 | PA      | $4967047.67   | 0.09%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FYG3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4664736.35   | 0.08%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 1966327W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $11594043.30  | 0.20%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758Z63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24000000 | PA      | $26779300.80  | 0.47%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758Z71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15090000 | PA      | $16757822.25  | 0.30%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                           | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HA45<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |  12035000 | PA      | $12785434.00  | 0.23%             | 2053-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 2084183U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5403888.50   | 0.10%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 2084183V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $3018491.32   | 0.05%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 2084185H2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4903849.24   | 0.09%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3905000 | PA      | $4278785.82   | 0.08%             | 2038-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CGB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27375000 | PA      | $29652200.33  | 0.52%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CGC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24125000 | PA      | $26068502.76  | 0.46%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CGD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8057431.50   | 0.14%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CGE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $11213494.95  | 0.20%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CGF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24130000 | PA      | $25630837.74  | 0.45%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395C21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6955000 | PA      | $7596506.94   | 0.13%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395S24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $9604707.78   | 0.17%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County Housing Authority                                          | DENVER CO CITY & CNTY MF HSG REVENUE                         | CUSIP: 24917QBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1839886.48   | 0.03%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LS3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   7360000 | PA      | $7586288.35   | 0.13%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LU8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |  17750000 | PA      | $18210749.18  | 0.32%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LV6<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |  28950000 | PA      | $29457725.10  | 0.52%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LW4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |  11960000 | PA      | $11990824.51  | 0.21%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10235000 | PA      | $10504255.22  | 0.19%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  39000000 | PA      | $39360789.00  | 0.69%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182TM8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3536934.90   | 0.06%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No 1 Bend-La Pine               | DESCHUTES CNTY OR ADMIN SCH DIST #1                          | CUSIP: 250325WJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16010000 | PA      | $17586517.51  | 0.31%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No 1 Bend-La Pine               | DESCHUTES CNTY OR ADMIN SCH DIST #1                          | CUSIP: 250325WK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15040000 | PA      | $16451588.22  | 0.29%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FA24<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6600000 | PA      | $7071476.94   | 0.12%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GUT0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069335.10   | 0.02%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GWB7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  27290000 | PA      | $28701081.30  | 0.51%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GYE9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   8750000 | PA      | $9751283.50   | 0.17%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GYH2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  11460000 | PA      | $12567191.86  | 0.22%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GYJ8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   9950000 | PA      | $10844090.09  | 0.19%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845UB4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2235913.48   | 0.04%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845WN6<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   4695000 | PA      | $5251058.43   | 0.09%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Dorchester SC                                                         | DORCHESTER CNTY SC ASSMNT REVENUE                            | CUSIP: 258149AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1263112.63   | 0.02%             | 2040-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| County of Dorchester SC                                                         | DORCHESTER CNTY SC ASSMNT REVENUE                            | CUSIP: 258149AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3017236.50   | 0.05%             | 2051-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Unified School District No 491 Eudora                            | DOUGLAS CNTY KS UNIF SCH DIST#491 EUDORA                     | CUSIP: 259137LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1256645.52   | 0.02%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                           | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE               | CUSIP: 26444CKJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120621.00   | 0.04%             | 2042-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| East Central Independent School District                                        | EAST CENTRL TX INDEP SCH DIST                                | CUSIP: 271515E95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2922180.05   | 0.05%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Central Vermont Telecommunications District                                | EAST CENTRL VT TELECOMMUNICATIONS DIST PROJ REVENUE          | CUSIP: 271524AW0<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $3467777.12   | 0.06%             | 2040-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| East Point Business & Industrial Development Authority                          | EAST PT GA BUSINESS & INDL DEV AUTHORITY REVENUE             | CUSIP: 274502AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $3018000.00   | 0.05%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |  85500000 | PA      | $91947101.85  | 1.62%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21820506.00  | 0.38%             | 2054-04-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UJE9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  18065000 | PA      | $11634414.60  | 0.21%             | 2056-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UJG4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6295000 | PA      | $4643171.23   | 0.08%             | 2056-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  11725000 | PA      | $11732559.11  | 0.21%             | 2032-07-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Franklin County School District No 1 Pasco                                      | FRANKLIN CNTY WA SCH DIST #1 PASCO                           | CUSIP: 353442E85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13250000 | PA      | $14823108.90  | 0.26%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                 | GAINESVILLE FL UTILITIES SYS REVENUE                         | CUSIP: 362848VK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19550000 | PA      | $20025373.89  | 0.35%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garland Independent School District                                             | GARLAND TX INDEP SCH DIST                                    | CUSIP: 366155Z85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2285926.95   | 0.04%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                               | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6160981.70   | 0.11%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 4140054U9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   6150000 | PA      | $6831423.08   | 0.12%             | 2039-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 4140054V7<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   6325000 | PA      | $6970682.57   | 0.12%             | 2040-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                           | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10187644.00  | 0.18%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 4387014A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4780000 | PA      | $5214179.35   | 0.09%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5208978.50   | 0.09%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4353355.20   | 0.08%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4135000 | PA      | $4479387.20   | 0.08%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203M2J9<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4708899.85   | 0.08%             | 2056-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MQD6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   7475000 | PA      | $7957603.94   | 0.14%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521522L4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  19250000 | PA      | $20207587.40  | 0.36%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521525J6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  27500000 | PA      | $29332132.50  | 0.52%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521525M9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14760769.80  | 0.26%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   9040000 | PA      | $9525366.64   | 0.17%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153EN5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  28000000 | PA      | $29783199.60  | 0.53%             | 2042-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153PA1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  18110000 | PA      | $19095557.07  | 0.34%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153RE1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  14235000 | PA      | $15138324.63  | 0.27%             | 2043-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227UQ2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  13515000 | PA      | $14462924.53  | 0.26%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227VJ7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10025000 | PA      | $10884832.22  | 0.19%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252NP0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  16995000 | PA      | $17443282.21  | 0.31%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PQ6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   8110000 | PA      | $8390967.71   | 0.15%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252QB8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  21220000 | PA      | $22981542.23  | 0.41%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YFU0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3697987.95   | 0.07%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YFW6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   8150000 | PA      | $8765265.51   | 0.15%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YFX4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   7850000 | PA      | $8382967.90   | 0.15%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGS4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   6365000 | PA      | $6984478.72   | 0.12%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EPT4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11110656.00  | 0.20%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528UZH7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2040000.20   | 0.04%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VBY4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5365000 | PA      | $5698036.13   | 0.10%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VHL6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $6221743.54   | 0.11%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VHM4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6116553.85   | 0.11%             | 2037-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VHN2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8265580.50   | 0.15%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VHP7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5740769.48   | 0.10%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Independent School District                                              | IRVING TX INDEP SCH DIST                                     | CUSIP: 463813L94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5578198.50   | 0.10%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Independent School District                                              | IRVING TX INDEP SCH DIST                                     | CUSIP: 463813M36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4236397.60   | 0.07%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                         | JACKSONVILLE FL SPL REVENUE                                  | CUSIP: 469487WW8<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   9975000 | PA      | $10970133.93  | 0.19%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                         | JACKSONVILLE FL SPL REVENUE                                  | CUSIP: 469487WX6<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |  12385000 | PA      | $13577015.38  | 0.24%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28135000 | PA      | $30325723.33  | 0.53%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4120000 | PA      | $4419050.61   | 0.08%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10240000 | PA      | $10924094.46  | 0.19%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28135000 | PA      | $29871205.22  | 0.53%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2388694.14   | 0.04%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                                        | JOBSOHIO BEVERAGE SYS STWD LIQUOR PROFITS REVENUE            | CUSIP: 47770VCE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9290000 | PA      | $10456435.68  | 0.18%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151F5A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19000000 | PA      | $21012842.90  | 0.37%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                             | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301949.04    | 0.01%             | 2027-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                          | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045V83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1249183.01   | 0.02%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                          | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045W25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031150.80   | 0.02%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                | LEE CNTY FL ARPT REVENUE                                     | CUSIP: 523470JS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3826227.11   | 0.07%             | 2056-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lindbergh School District                                                       | LINDBERGH MO SCH DIST                                        | CUSIP: 535205NP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10546209.35  | 0.19%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452Z1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13981532.50  | 0.25%             | 2044-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444453A5<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10664361.00  | 0.19%             | 2045-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445ER6<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8095436.00   | 0.14%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445RF8<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13286146.90  | 0.23%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445YG8<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  15910000 | PA      | $16271936.59  | 0.29%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BB59<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119580.00   | 0.04%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BT92<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   8420000 | PA      | $9130137.75   | 0.16%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BTA9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   4675000 | PA      | $4714521.98   | 0.08%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BU25<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |  10320000 | PA      | $11357511.91  | 0.20%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BVB4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |  10395000 | PA      | $10485977.04  | 0.18%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZS3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5271623.50   | 0.09%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  20710000 | PA      | $20767534.45  | 0.37%             | 2050-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  11610000 | PA      | $12173530.82  | 0.21%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  87500000 | PA      | $91991795.00  | 1.62%             | 2053-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  43000000 | PA      | $45514812.00  | 0.80%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  17000000 | PA      | $18014486.90  | 0.32%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193XK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11089862.00  | 0.20%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579L88<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   6940000 | PA      | $7284373.90   | 0.13%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579Z75<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8311116.00   | 0.15%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582R3J3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2165519.60   | 0.04%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582R5P7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2245639.29   | 0.04%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582R6G6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   4020000 | PA      | $4386518.68   | 0.08%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RUM6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20690262.00  | 0.37%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582TCJ9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5508848.50   | 0.10%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YJU4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   7565000 | PA      | $7653865.30   | 0.14%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896VH5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6529823.95   | 0.12%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000F81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107611.30   | 0.02%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000WE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10760000 | PA      | $11011296.57  | 0.19%             | 2048-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TGG5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14239484.00  | 0.25%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TKA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1776130.61   | 0.03%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051TD8<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4650528.60   | 0.08%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mayfield Metropolitan District                                                  | MAYFIELD MET DIST CO                                         | CUSIP: 578287AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1166000 | PA      | $1172495.44   | 0.02%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 5905453E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11131921.00  | 0.20%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 5905453F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9359381.45   | 0.17%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 5905453G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8875000 | PA      | $9713536.63   | 0.17%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 5905453H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4357371.60   | 0.08%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 5905453J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5304702.76   | 0.09%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920983H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5520000 | PA      | $6054411.07   | 0.11%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920983J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4254130.53   | 0.08%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920983K1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3502779.25   | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920983L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2572139.30   | 0.05%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920983M7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3669259.39   | 0.06%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112WV4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   6365000 | PA      | $6417185.36   | 0.11%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SJ2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    735000 | PA      | $812494.50    | 0.01%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SK9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    535000 | PA      | $586705.29    | 0.01%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SL7<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    880000 | PA      | $958148.05    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SM5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1086968.91   | 0.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SN3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    820000 | PA      | $881340.84    | 0.02%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SP8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1074910.71   | 0.02%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SQ6<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1206141.12   | 0.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                    | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SR4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1725989.06   | 0.03%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647MZ1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2146492.40   | 0.04%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                              | MIAMI-DADE CNTY FL INDL DEV AUTH                             | CUSIP: 59333EEK5<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   8150000 | PA      | $7584759.20   | 0.13%             | 2043-11-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479HQ3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5980000 | PA      | $2870400.00   | 0.05%             | 2057-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TMN0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  20600000 | PA      | $20720376.10  | 0.37%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TV75<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  10010000 | PA      | $10077699.63  | 0.18%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TXG3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   9870000 | PA      | $10205971.84  | 0.18%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447UBF6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    390000 | PA      | $405078.10    | 0.01%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447UBG4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   9760000 | PA      | $9926953.58   | 0.18%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615NP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8935625.60   | 0.16%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615NQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4454238.40   | 0.08%             | 2039-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                       | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |  26000000 | PA      | $28770931.80  | 0.51%             | 2055-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                       | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXN1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |  27810000 | PA      | $28059803.33  | 0.50%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946954L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7550295.90   | 0.13%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                       | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712ZD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3373913.37   | 0.06%             | 2043-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AW66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26315000 | PA      | $29083927.46  | 0.51%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AW82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15715000 | PA      | $17187267.63  | 0.30%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AZ30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10062257.00  | 0.18%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416T5P9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3423295.53   | 0.06%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416TQ68<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3580000 | PA      | $3802843.90   | 0.07%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AYM8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049525.70   | 0.02%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                         | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GBD0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |  13715000 | PA      | $15096186.90  | 0.27%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                         | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GDG1<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |  10685000 | PA      | $11786826.52  | 0.21%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mohegan Tribal Finance Authority                                                | MOHEGAN TRIBAL CT FIN AUTH                                   | CUSIP: 608327AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1144504.26   | 0.02%             | 2045-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                        | MONTANA ST BRD OF HSG SF MTGE                                | CUSIP: 61212WUB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8325000 | PA      | $8836502.99   | 0.16%             | 2053-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                               | NEVADA DEPT OF BUSINESS & INDUSTRY NV                        | CUSIP: 641454AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $870877.70    | 0.02%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641462SM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2097537.39   | 0.04%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Caney Independent School District                                           | NEW CANEY TX INDEP SCH DIST                                  | CUSIP: 643154JZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2137599.00   | 0.04%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                             | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE          | CUSIP: 645424BH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6270000 | PA      | $6958615.92   | 0.12%             | 2040-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                             | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE          | CUSIP: 645424BJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5340000 | PA      | $5903176.16   | 0.10%             | 2041-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                             | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE          | CUSIP: 645424BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5476579.50   | 0.10%             | 2042-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                             | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UGG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $592177.39    | 0.01%             | 2052-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EMG9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  13855000 | PA      | $14265081.68  | 0.25%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                    | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613AJP8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   8875000 | PA      | $9564338.11   | 0.17%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CCG1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9635966.10   | 0.17%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CHH4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7090000 | PA      | $7819418.49   | 0.14%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CHJ0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3644224.27   | 0.06%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CHK7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180724.20   | 0.04%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140ES8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5240682.50   | 0.09%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140FV0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3243861.73   | 0.06%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140GA5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  13700000 | PA      | $14765642.17  | 0.26%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140GB3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  50000000 | PA      | $53671705.00  | 0.95%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140GC1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  27480000 | PA      | $29355809.53  | 0.52%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201YR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5525000 | PA      | $5926194.01   | 0.10%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MXH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10375000 | PA      | $10663035.94  | 0.19%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966STN6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1930012.00   | 0.03%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971W4X5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2556611.49   | 0.05%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971W7B0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039072.90   | 0.05%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19690000 | PA      | $21096108.19  | 0.37%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XDN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2681893.24   | 0.05%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GA95<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7160820.80   | 0.13%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GH72<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15862008.00  | 0.28%             | 2047-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GL28<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  11900000 | PA      | $12863863.11  | 0.23%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GP65<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  13725000 | PA      | $15939999.52  | 0.28%             | 2038-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GP73<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   7675000 | PA      | $8844103.59   | 0.16%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GRX4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  19440000 | PA      | $20072381.26  | 0.35%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GSQ8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  38000000 | PA      | $39690152.60  | 0.70%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GUE2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3494526.79   | 0.06%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JB72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1934130.18   | 0.03%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JB80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1785890.88   | 0.03%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JBU1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3346720.20   | 0.06%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JBW7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11117851.00  | 0.20%             | 2041-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JMD7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5300556.00   | 0.09%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JNL8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16097320.50  | 0.28%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JTD0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   9280000 | PA      | $9990427.62   | 0.18%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JWC8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10903648.00  | 0.19%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JXF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3630000 | PA      | $3996830.74   | 0.07%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JXG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3351182.56   | 0.06%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972LAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12650000 | PA      | $14034543.77  | 0.25%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SDL4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9345000 | PA      | $10278843.98  | 0.18%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                 | CUSIP: 64985TEL1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  14075000 | PA      | $14969124.23  | 0.26%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AGP4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3284579.48   | 0.06%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AMR3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2359033.94   | 0.04%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AMT9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  36535000 | PA      | $37810787.59  | 0.67%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AMU6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6275000 | PA      | $6476199.09   | 0.11%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AWR2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5155000 | PA      | $5519870.38   | 0.10%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AWT8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13684040.50  | 0.24%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990F6K5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9450000 | PA      | $10252614.02  | 0.18%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FJH8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5686199.20   | 0.10%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GHU9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2112084.66   | 0.04%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHU0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2581051.30   | 0.05%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHV8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2453095.34   | 0.04%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHW6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3803184.35   | 0.07%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028YT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15550000 | PA      | $16619176.02  | 0.29%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036CF1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3058084.46   | 0.05%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036FY7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8307111.20   | 0.15%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $23965949.40  | 0.42%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23500000 | PA      | $23831105.60  | 0.42%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5010000 | PA      | $5231345.81   | 0.09%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14215000 | PA      | $15586747.50  | 0.27%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35200000 | PA      | $35180080.32  | 0.62%             | 2049-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                           | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 6582074E2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   8425000 | PA      | $9091621.39   | 0.16%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268FK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3915000 | PA      | $4378858.20   | 0.08%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268FL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3889561.55   | 0.07%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Kansas City School District No 74                                         | NORTH KANSAS CITY MO SCH DIST #74                            | CUSIP: 660266LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9950000 | PA      | $10710768.05  | 0.19%             | 2040-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WJ98<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21396822.00  | 0.38%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WUY0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  10845000 | PA      | $11110732.87  | 0.20%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WXM3<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10069569.00  | 0.18%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522S88<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10134285.00  | 0.18%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523LK6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    775000 | PA      | $886693.85    | 0.02%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6533245.77   | 0.12%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QHN9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2042955.21   | 0.04%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QPK6<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   3715000 | PA      | $4057680.14   | 0.07%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QSV9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10493027.40  | 0.19%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QSW7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   6675000 | PA      | $7352014.55   | 0.13%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio University                                                                 | OHIO UNIV GEN RECPTS ATHENS                                  | CUSIP: 677704D47<br>LEI: 549300P1K3IH2L5SFY61 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7071359.40   | 0.12%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                          | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789083V4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   7820000 | PA      | $7563805.07   | 0.13%             | 2051-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609UCK9<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |  10110000 | PA      | $10887385.20  | 0.19%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                          | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  48600000 | PA      | $52256800.08  | 0.92%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                          | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  84000000 | PA      | $89670310.80  | 1.58%             | 2054-02-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QUM3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  10225000 | PA      | $11030610.37  | 0.19%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QW25<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  18083000 | PA      | $20556000.34  | 0.36%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914P4D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4430038.17   | 0.08%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914P5S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10983836.00  | 0.19%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914P5T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10045000 | PA      | $10958356.69  | 0.19%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PZ47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10791459.00  | 0.19%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $18078252.20  | 0.32%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                      | PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU | CUSIP: 709221VY8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $6123650.12   | 0.11%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224DQ9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2782715.56   | 0.05%             | 2040-12-01      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224P52<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  18190000 | PA      | $18787315.94  | 0.33%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224WQ8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10140422.00  | 0.18%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 7178932S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $3028866.16   | 0.05%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893Q46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1085874.72   | 0.02%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10177607.00  | 0.18%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PMJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2182585.40   | 0.04%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PML8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7815000 | PA      | $8477451.76   | 0.15%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RQQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7815000 | PA      | $8199301.06   | 0.14%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RRJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5231668.00   | 0.09%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AW39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20225000 | PA      | $22397215.56  | 0.40%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 403 Bethel                                     | PIERCE CNTY WA SCH DIST #403 BETHEL                          | CUSIP: 720611YJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5375000 | PA      | $5396018.94   | 0.10%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pinal County Industrial Development Authority                                   | PINAL CNTY AZ INDL DEV AUTH WSTWTR REVENUE                   | CUSIP: 722051AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75038.67     | 0.00%             | 2026-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  32905000 | PA      | $33208778.96  | 0.59%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WG81<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10140161.00  | 0.18%             | 2042-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WP32<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12159100.80  | 0.21%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XFM9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5710000 | PA      | $6207344.43   | 0.11%             | 2039-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XFR8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21178528.00  | 0.37%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XMZ2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096911.00   | 0.02%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XNA6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180065.00   | 0.04%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XPT3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3735000 | PA      | $4130239.19   | 0.07%             | 2041-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XPU0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2804571.60   | 0.05%             | 2042-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XQR6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   7080000 | PA      | $7866657.38   | 0.14%             | 2041-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XQS4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5060000 | PA      | $5586386.23   | 0.10%             | 2042-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                | PORT HOUSTON TX AUTH                                         | CUSIP: 734262GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1424037.78   | 0.03%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                | PORT HOUSTON TX AUTH                                         | CUSIP: 734262GS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4884736.71   | 0.09%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                               | PORT OF MORROW OR                                            | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17685000 | PA      | $17684255.46  | 0.31%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 7353893V8<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6510952.20   | 0.11%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 7353893W6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5374969.00   | 0.09%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 7353893X4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7478273.60   | 0.13%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prince William County Industrial Development Authority                          | PRINCE WILLIAM CNTY VA INDL DEV AUTH CNTY FACS REVENUE       | CUSIP: 741752CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2655863.23   | 0.05%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265L3H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16842360.00  | 0.30%             | 2040-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265L3J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $12305576.80  | 0.22%             | 2041-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EFA3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  11730000 | PA      | $10466831.49  | 0.18%             | 2049-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PA62<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6580000 | PA      | $5838410.97   | 0.10%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PDD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6385000 | PA      | $2234750.00   | 0.04%             | 2046-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PEU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $171500.00    | 0.00%             | 2031-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PEW1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $171500.00    | 0.00%             | 2047-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  13204636 | PA      | $14416322.45  | 0.25%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  20418131 | PA      | $20380720.90  | 0.36%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   8168000 | PA      | $8047564.47   | 0.14%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  25180000 | PA      | $24311939.64  | 0.43%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Red Oak Independent School District                                             | RED OAK TX INDEP SCH DIST                                    | CUSIP: 756843L71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4305000 | PA      | $4652954.64   | 0.08%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576HH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6610000 | PA      | $6775736.50   | 0.12%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576MQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2319413.70   | 0.04%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CFN8<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7534416.40   | 0.13%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CGN7<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   5615000 | PA      | $6128820.79   | 0.11%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GGN7<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11008209.00  | 0.19%             | 2040-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GGP2<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  25625000 | PA      | $28095503.69  | 0.50%             | 2041-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GGQ0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   9150000 | PA      | $9993864.24   | 0.18%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GTN2<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |  13435000 | PA      | $14395977.34  | 0.25%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GTP7<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5329042.00   | 0.09%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV        | CUSIP: 79766DLF4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  17735000 | PA      | $17981149.39  | 0.32%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV        | CUSIP: 79766DLZ0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  14500000 | PA      | $14912642.45  | 0.26%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV        | CUSIP: 79766DVF3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10718818.00  | 0.19%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue      | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  96150000 | PA      | $95557831.38  | 1.69%             | 2026-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                           | SANTA FE CNTY NM CORRNL SYS REVENUE                          | CUSIP: 80189AAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35873.45     | 0.00%             | 2027-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Seattle Housing Authority                                                       | SEATTLE WA HSG AUTH MF REVENUE                               | CUSIP: 812635CL2<br>LEI: 5493003LM6XXXMFX5M88 | Long             | DBT              | MUN               | US        |   6550000 | PA      | $6843234.33   | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031WK5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3040095.09   | 0.05%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032BU4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  13985000 | PA      | $15157373.74  | 0.27%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032BW0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  27170000 | PA      | $29130709.47  | 0.51%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMR3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  13070000 | PA      | $13262894.90  | 0.23%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH EDUCTNL FACS REVENUE    | CUSIP: 83704MCH7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10135000 | PA      | $8956938.01   | 0.16%             | 2062-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                    | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712D4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8620000 | PA      | $9417293.97   | 0.17%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                    | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712D8U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9850000 | PA      | $11158874.90  | 0.20%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| South Dakota Conservancy District                                               | SOUTH DAKOTA ST CONSERVANCY DIST                             | CUSIP: 837545QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5485000 | PA      | $5827424.16   | 0.10%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Conservancy District                                               | SOUTH DAKOTA ST CONSERVANCY DIST                             | CUSIP: 837545QU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5735000 | PA      | $6056494.92   | 0.11%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  76000000 | PA      | $77336794.40  | 1.36%             | 2051-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7034405.00   | 0.12%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20720542.00  | 0.37%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  50000000 | PA      | $53053410.00  | 0.94%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sterling Hill Community Development District                                    | STERLING HILL FL CDD CAPITAL IMPT REVENUE                    | CUSIP: 85933TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    147296 | PA      | $60391.57     | 0.00%             | 2010-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QPP8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  13190000 | PA      | $13226046.95  | 0.23%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QSD2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  12790000 | PA      | $13465359.32  | 0.24%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TFK4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  15900000 | PA      | $15962541.06  | 0.28%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TFM0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   9150000 | PA      | $9172600.50   | 0.16%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGP2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  40510000 | PA      | $41560679.51  | 0.73%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGQ0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  22110000 | PA      | $22397628.99  | 0.40%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJM6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4650000 | PA      | $5112214.19   | 0.09%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJN4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4369678.80   | 0.08%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJP9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4857610.26   | 0.09%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJW4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  33000000 | PA      | $36211791.00  | 0.64%             | 2051-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJX2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  41785000 | PA      | $46137350.67  | 0.81%             | 2051-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RY34<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  50000000 | PA      | $52647254.58  | 0.93%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YAV1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |  50584999 | PA      | $51761778.20  | 0.91%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DHF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40470000 | PA      | $41558007.62  | 0.73%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  64999983 | PA      | $68775950.02  | 1.21%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                               | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  55345000 | PA      | $58601145.59  | 1.03%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                            | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KET9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |  10290000 | PA      | $10946149.05  | 0.19%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                            | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KGW0<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   4605000 | PA      | $4977960.33   | 0.09%             | 2054-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                            | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KQU3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   8570000 | PA      | $9376173.04   | 0.17%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558JT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4714490.10   | 0.08%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Terrell Independent School District/TX                                          | TERRELL TX INDEP SCH DIST                                    | CUSIP: 881405NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2192082.20   | 0.04%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827244X2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5475000 | PA      | $6032598.64   | 0.11%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882725DA9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |  25800000 | PA      | $28709667.24  | 0.51%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882725DB7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |  17625000 | PA      | $19490209.69  | 0.34%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882725DC5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |  23220000 | PA      | $25595134.33  | 0.45%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                 | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750G71<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |  13430000 | PA      | $14940789.05  | 0.26%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                 | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS                         | CUSIP: 88275FVW6<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   9925000 | PA      | $10814990.63  | 0.19%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                 | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS                         | CUSIP: 88275FWZ8<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |  25620000 | PA      | $27725892.26  | 0.49%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp                                               | TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE          | CUSIP: 88283PAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24105000 | PA      | $26382189.71  | 0.47%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp                                               | TEXAS ST TRANSPRTN FIN CORP SH 288 SYS TOLL REVENUE          | CUSIP: 88283PAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18600000 | PA      | $20243274.66  | 0.36%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854B50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4210000 | PA      | $4280345.31   | 0.08%             | 2042-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854J60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4488906.84   | 0.08%             | 2043-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS WTR DEV BRD REVENUE                                    | CUSIP: 88285AKA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9200000 | PA      | $9876258.88   | 0.17%             | 2044-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                               | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  52790000 | PA      | $52551991.01  | 0.93%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HDJ3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2905000 | PA      | $3145947.38   | 0.06%             | 2041-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HGG6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5912882.93   | 0.10%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N5P5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10010681.00  | 0.18%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority                                                         | TRINITY RIVER TX AUTH REVENUE                                | CUSIP: 89657PRK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1622625.75   | 0.03%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tucson Industrial Development Authority/Pima County Industrial Development Auth | TUCSON & PIMA CNTYS AZ INDL DEV AUTHORITIES SF MTGE REVENUE  | CUSIP: 898700GN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5575000 | PA      | $6067673.90   | 0.11%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                       | TULSA OK MUNI ARPT TRUST TRUSTEES                            | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7770000 | PA      | $8804800.83   | 0.16%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Tyler TX Water & Sewer System Revenue                                   | TYLER TX WTR & SWR SYS REVENUE                               | CUSIP: 902354SB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1491262.60   | 0.03%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tyler TX Water & Sewer System Revenue                                   | TYLER TX WTR & SWR SYS REVENUE                               | CUSIP: 902354SC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1558900.53   | 0.03%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | UNIV OF CINCINNATI OH RECPTS                                 | CUSIP: 914119F64<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2601765.14   | 0.05%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HXC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2547410.31   | 0.04%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HXV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8600000 | PA      | $9796104.34   | 0.17%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HXX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  31935000 | PA      | $36547091.02  | 0.64%             | 2039-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HXZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1746325.75   | 0.03%             | 2041-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority                                         | UNIV OF KANSAS KS HOSP AUTH HLTH FACS REVENUE                | CUSIP: 914367KD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4001542.88   | 0.07%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                          | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 915130AE8<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |  17155000 | PA      | $18500337.99  | 0.33%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514ALH6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  11035000 | PA      | $11718539.90  | 0.21%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Virginia                                                          | UNIV OF VIRGINIA VA UNIV REVENUES                            | CUSIP: 915217WQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9630000 | PA      | $9719946.13   | 0.17%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                               | UTAH CNTY UT HOSP REVENUE                                    | CUSIP: 917393CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22375000 | PA      | $22405233.10  | 0.40%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                               | UTAH CNTY UT HOSP REVENUE                                    | CUSIP: 917393DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11860000 | PA      | $12329178.04  | 0.22%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                           | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TUW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3691726.67   | 0.07%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                           | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TYT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4930000 | PA      | $4301268.72   | 0.08%             | 2054-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Vermont Housing Finance Agency                                                  | VERMONT ST HSG FIN AGY                                       | CUSIP: 924190XM8<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |   4053000 | PA      | $4366943.76   | 0.08%             | 2053-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VMF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4241924.00   | 0.07%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793W88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5361880.50   | 0.09%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                         | VIRGINIA ST PORT AUTH PORT FAC REVENUE                       | CUSIP: 928077KV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $3184997.40   | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281723W3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4655604.09   | 0.08%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                | CUSIP: 928173AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3185528.42   | 0.06%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Washington OR                                                         | WASHINGTON CNTY OR                                           | CUSIP: 938234US8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9760000 | PA      | $10897453.82  | 0.19%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington OR                                                         | WASHINGTON CNTY OR                                           | CUSIP: 938234UU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8905000 | PA      | $9810377.58   | 0.17%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No 23J Tigard-Tualatin          | WASHINGTON & CLACKAMAS CNTYS OR SCH DIST #23 J TIGARD        | CUSIP: 938395TH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8803110.40   | 0.16%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No 23J Tigard-Tualatin          | WASHINGTON & CLACKAMAS CNTYS OR SCH DIST #23 J TIGARD        | CUSIP: 938395TJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6561496.20   | 0.12%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FT1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |  27015000 | PA      | $27418107.02  | 0.48%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GP8<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10136813.00  | 0.18%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YDP1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3170817.68   | 0.06%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EAT3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5218365.00   | 0.09%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974ELV6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2124756.59   | 0.04%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EQB5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3950072.43   | 0.07%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                       | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        | 278839544 | NS      | $278867427.60 | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue       | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QSQ0<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   6035000 | PA      | $6608084.20   | 0.12%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MW35<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11211951.00  | 0.20%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE WEST EQ WARRANTS                                                     | BRIGHTLINE WEST EQ WARRANTS                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    431240 | NS      | $711546.00    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** BlackRock Municipal Bond Fund, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer