# EDGAR Filing Document

**Accession Number:** 0000901243
**File Stem:** 0001410368-26-066815
**Filing Date:** 2026-6
**Character Count:** 400840
**Document Hash:** c516905fc1d34ae10336d876dd880c0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-066815.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001410368-26-066815

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNIASSETS FUND, INC.
- **CENTRAL INDEX KEY:** 0000901243

**ORGANIZATION NAME:**
- **EIN:** 223239638
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07642
- **FILM NUMBER:** 261121746

**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:** MUNIASSETS FUND INC
- **DATE OF NAME CHANGE:** 19930714

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIINCOME FUND INC
- **DATE OF NAME CHANGE:** 19930517

## Nport-Ex

April 30, 2026

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

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

**BlackRock MuniAssets Fund, Inc. (MUA)**<br>

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

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

------

Schedule of Investments (unaudited)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Construction & Engineering — 0.1%** | **Construction & Engineering — 0.1%** |  |
| TimberHp By Go Lab, Inc.<sup>(a)</sup> | 169805 | &nbsp;&nbsp; $317535 |
| **Total Common Stocks — 0.1%** <br>**(Cost: $—)** | **Total Common Stocks — 0.1%** <br>**(Cost: $—)** | &nbsp;&nbsp; 317535 |

---

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

---

| | | |
|:---|:---|:---|
|  | *Par* <br>*(000)*<br>|  |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** | **Commercial Services & Supplies — 0.3%** |
| Grand Canyon University, 5.13%, 10/01/28 | $1570 | &nbsp;&nbsp; 1555520 |
| **Total Corporate Bonds — 0.3%** <br>**(Cost: $1,570,000)** | **Total Corporate Bonds — 0.3%** <br>**(Cost: $1,570,000)** | &nbsp;&nbsp; 1555520 |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 6.5%** | **Alabama — 6.5%** |  |
| Baldwin County Industrial Development Authority, RB<sup>(b)(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/01/56 | 1645 | &nbsp;&nbsp; 1612332 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 06/01/55 | 1935 | &nbsp;&nbsp; 1976903 |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54<sup>(b)</sup> | 3085 | &nbsp;&nbsp; 3279486 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/56<sup>(b)</sup> | 2075 | &nbsp;&nbsp; 2108625 |
| &nbsp;&nbsp;&nbsp; Series F, 5.00%, 12/01/35 | 3200 | &nbsp;&nbsp; 3389894 |
| &nbsp;&nbsp;&nbsp; Series F, 5.50%, 11/01/53<sup>(b)</sup> | 615 | &nbsp;&nbsp; 643024 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Refunding RB, 4.00%, <br> 06/01/51<sup>(b)</sup><br>| 1855 | &nbsp;&nbsp; 1879800 |
| &nbsp;&nbsp;&nbsp; County of Jefferson AL Sewer Revenue, Refunding RB, <br> 5.50%, 10/01/53<br>| 5965 | &nbsp;&nbsp; 6226621 |
| &nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, RB, Series B, <br> 5.25%, 07/01/54<sup>(b)</sup><br>| 285 | &nbsp;&nbsp; 304251 |
| &nbsp;&nbsp;&nbsp; Hoover Industrial Development Board, RB, AMT, <br> Sustainability Bonds, 6.38%, 11/01/50<sup>(b)</sup><br>| 3180 | &nbsp;&nbsp; 3512522 |
| MidCity Improvement District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/01/42 | 255 | &nbsp;&nbsp; 237266 |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/01/49 | 270 | &nbsp;&nbsp; 240675 |
| Mobile County Industrial Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 06/01/54 | 6165 | &nbsp;&nbsp; 5974496 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 4.75%, 12/01/54 | 2490 | &nbsp;&nbsp; 2321938 |
| Southeast Energy Authority A Cooperative District, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/56 | 1720 | &nbsp;&nbsp; 1761097 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.50%, 01/01/53 | 470 | &nbsp;&nbsp; 499666 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa County Industrial Development Authority, <br> Refunding RB, Series A, 5.25%, 05/01/44<sup>(c)</sup><br>| 495 | &nbsp;&nbsp; 498463 |
|  |  | &nbsp;&nbsp; 36467059 |
| **Arizona — 3.6%** | **Arizona — 3.6%** |  |
| Arizona Industrial Development Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.10%, 01/01/55 | 1650 | &nbsp;&nbsp; 1655018 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/15/39 | 250 | &nbsp;&nbsp; 250802 |
| &nbsp;&nbsp;&nbsp; Series B, 5.13%, 07/01/47 | 665 | &nbsp;&nbsp; 629672 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Refunding <br> RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/52 | 2630 | &nbsp;&nbsp; 2469764 |
| &nbsp;&nbsp;&nbsp; Series A, 5.13%, 07/01/37 | 1320 | &nbsp;&nbsp; 1320588 |
| &nbsp;&nbsp;&nbsp; Series A, 5.38%, 07/01/50 | 925 | &nbsp;&nbsp; 900658 |
| &nbsp;&nbsp;&nbsp; Series G, 5.00%, 07/01/47 | 135 | &nbsp;&nbsp; 127023 |
| &nbsp;&nbsp;&nbsp; Glendale Industrial Development Authority, RB, 5.00%, <br> 05/15/56<br>| 100 | &nbsp;&nbsp; 85879 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Arizona (continued)** | **Arizona (continued)** |  |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the City of Phoenix <br> Arizona, RB, Series A, 5.00%, 07/01/46<sup>(c)</sup><br>| 1255 | &nbsp;&nbsp; $1190879 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the City of Phoenix <br> Arizona, Refunding RB, 5.00%, 07/01/45<sup>(c)</sup><br>| 255 | &nbsp;&nbsp; 245862 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the County of Pima, <br> Refunding RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/51 | 2510 | &nbsp;&nbsp; 1891647 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/56 | 685 | &nbsp;&nbsp; 535470 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial Development Authority, RB, <br> 5.88%, 06/15/48<sup>(c)</sup><br>| 875 | &nbsp;&nbsp; 829363 |
| Maricopa County Industrial Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/29<sup>(c)</sup> | 875 | &nbsp;&nbsp; 919639 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/40<sup>(c)</sup> | 465 | &nbsp;&nbsp; 416867 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/51<sup>(c)</sup> | 465 | &nbsp;&nbsp; 385049 |
| &nbsp;&nbsp;&nbsp; Series A, 3.00%, 09/01/51 | 5155 | &nbsp;&nbsp; 3628025 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, <br> Refunding RB, Series A, 4.13%, 09/01/38<br>| 375 | &nbsp;&nbsp; 375332 |
| Sierra Vista Industrial Development Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/34 | 55 | &nbsp;&nbsp; 55682 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/44 | 515 | &nbsp;&nbsp; 480941 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/53 | 510 | &nbsp;&nbsp; 492636 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/54 | 575 | &nbsp;&nbsp; 496612 |
| &nbsp;&nbsp;&nbsp; 6.30%, 06/15/54 | 230 | &nbsp;&nbsp; 233003 |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/15/64 | 695 | &nbsp;&nbsp; 702147 |
|  |  | &nbsp;&nbsp; 20318558 |
| **Arkansas**<sup>(c)</sup> **— 0.9%** | **Arkansas**<sup>(c)</sup> **— 0.9%** |  |
| Arkansas Development Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 7.38%, 07/01/48 | 2800 | &nbsp;&nbsp; 3034055 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Sustainability Bonds, 6.88%, 07/01/48 | 1900 | &nbsp;&nbsp; 2043757 |
|  |  | &nbsp;&nbsp; 5077812 |
| **California — 7.1%** | **California — 7.1%** |  |
| &nbsp;&nbsp;&nbsp; California County Tobacco Securitization Agency, <br> Refunding RB, Series A, 5.00%, 06/01/47<br>| 140 | &nbsp;&nbsp; 131920 |
| &nbsp;&nbsp;&nbsp; California Enterprise Development Authority, RB, 8.00%, <br> 11/15/62<sup>(c)</sup><br>| 205 | &nbsp;&nbsp; 180921 |
| California Housing Finance Agency, RB, M/F Housing<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Class 3, 5.80%, 04/01/36 | 1380 | &nbsp;&nbsp; 1368551 |
| &nbsp;&nbsp;&nbsp; Class 3, 6.85%, 04/01/36 | 300 | &nbsp;&nbsp; 297620 |
| &nbsp;&nbsp;&nbsp; Series P-S, Subordinate, 8.00%, 07/01/67<sup>(b)</sup> | 2560 | &nbsp;&nbsp; 2587285 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, Class B, AMT, Sustainability Bonds, <br> 12.00%, 01/01/65<sup>(b)(c)</sup><br>| 14650 | &nbsp;&nbsp; 8497000 |
| California Municipal Finance Authority, RB, M/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/38<sup>(b)</sup> | 2300 | &nbsp;&nbsp; 2280672 |
| &nbsp;&nbsp;&nbsp; 7.10%, 02/01/38<sup>(b)</sup> | 1100 | &nbsp;&nbsp; 1088121 |
| &nbsp;&nbsp;&nbsp; Series A, 6.10%, 12/01/37 | 2100 | &nbsp;&nbsp; 2107093 |
| &nbsp;&nbsp;&nbsp; Series A-S, Subordinate, 8.00%, 09/01/55<sup>(b)(c)</sup> | 1030 | &nbsp;&nbsp; 1053108 |
| &nbsp;&nbsp;&nbsp; California Public Finance Authority, RB, Series A, 6.38%, <br> 06/01/59<sup>(c)</sup><br>| 3240 | &nbsp;&nbsp; 2998793 |
| California School Finance Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 06/01/54 | 1810 | &nbsp;&nbsp; 1655481 |
| &nbsp;&nbsp;&nbsp; Series B, 9.00%, 06/01/34 | 180 | &nbsp;&nbsp; 183180 |
| &nbsp;&nbsp;&nbsp; California Statewide Financing Authority, RB, Series B, <br> 6.00%, 05/01/43<br>| 1650 | &nbsp;&nbsp; 1653834 |
| &nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB, M/F <br> Housing<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 3.00%, 09/01/56 | 2295 | &nbsp;&nbsp; 1570613 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 4.00%, 07/01/58 | 380 | &nbsp;&nbsp; 228685 |
| &nbsp;&nbsp;&nbsp; Series B, Sustainability Bonds, 4.00%, 07/01/58 | 635 | &nbsp;&nbsp; 302504 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **California (continued)** | **California (continued)** |  |
| &nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp., Refunding <br> RB, CAB, Series B-2, Subordinate, 0.00%, <br> 06/01/66<sup>(d)</sup><br>| 34445 | &nbsp;&nbsp; $3388076 |
| &nbsp;&nbsp;&nbsp; Hastings Campus Housing Finance Authority, RB, CAB, <br> Sub-Series A, Sustainability Bonds, 6.75%, <br> 07/01/61<sup>(c)</sup><br>| 2535 | &nbsp;&nbsp; 1239806 |
| &nbsp;&nbsp;&nbsp; Indio Finance Authority, Refunding RB, Series A, <br> (NPFGC), 4.50%, 11/01/52<br>| 595 | &nbsp;&nbsp; 599524 |
| &nbsp;&nbsp;&nbsp; Inland Empire Tobacco Securitization Corp., RB, <br> Series C-1, 0.00%, 06/01/36<sup>(d)</sup><br>| 6890 | &nbsp;&nbsp; 3431077 |
| &nbsp;&nbsp;&nbsp; Rancho Mirage Community Facilities District, ST, <br> Series A, 5.00%, 09/01/49<br>| 270 | &nbsp;&nbsp; 271572 |
| &nbsp;&nbsp;&nbsp; Regents of the University of California Medical Center <br> Pooled Revenue, RB, Series P, 4.00%, 05/15/53<br>| 935 | &nbsp;&nbsp; 869828 |
| &nbsp;&nbsp;&nbsp; San Marcos Unified School District, GO, CAB, Series B, <br> Election 2010, 0.00%, 08/01/38<sup>(d)</sup><br>| 3725 | &nbsp;&nbsp; 2363089 |
|  |  | &nbsp;&nbsp; 40348353 |
| **Colorado — 6.6%** | **Colorado — 6.6%** |  |
| &nbsp;&nbsp;&nbsp; 9th Avenue Metropolitan District No. 2, GOL, 5.00%, <br> 12/01/48<br>| 910 | &nbsp;&nbsp; 905650 |
| &nbsp;&nbsp;&nbsp; Aurora Crossroads Metropolitan District No. 2, Refunding <br> GOL, CAB, Series A-1, 6.25%, 12/01/55<br>| 2200 | &nbsp;&nbsp; 2055220 |
| &nbsp;&nbsp;&nbsp; Banning Lewis Ranch Metropolitan District No. 8, GOL, <br> 4.88%, 12/01/51<sup>(c)</sup><br>| 665 | &nbsp;&nbsp; 557124 |
| &nbsp;&nbsp;&nbsp; Baseline Metropolitan District No. 1, GO, Series B, <br> Subordinate, 6.75%, 12/15/54<br>| 690 | &nbsp;&nbsp; 694447 |
| &nbsp;&nbsp;&nbsp; Canyons Metropolitan District No. 5, Refunding GOL, <br> Series B, Subordinate, 6.50%, 12/15/54<br>| 625 | &nbsp;&nbsp; 625802 |
| &nbsp;&nbsp;&nbsp; Centerra Metropolitan District No. 1, TA, 5.00%, <br> 12/01/47<sup>(c)</sup><br>| 850 | &nbsp;&nbsp; 849934 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System <br> Revenue, Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.13%, 11/15/53 | 1345 | &nbsp;&nbsp; 1179992 |
| &nbsp;&nbsp;&nbsp; Series D, AMT, 5.75%, 11/15/45 | 790 | &nbsp;&nbsp; 856954 |
| &nbsp;&nbsp;&nbsp; Colorado Educational & Cultural Facilities Authority, RB, <br> Series B, Subordinate Lien, 8.50%, 02/01/59<sup>(c)</sup><br>| 3980 | &nbsp;&nbsp; 4476885 |
| Colorado Health Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/01/39 | 145 | &nbsp;&nbsp; 157475 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/01/47 | 355 | &nbsp;&nbsp; 374816 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/01/52 | 775 | &nbsp;&nbsp; 798663 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/35 | 495 | &nbsp;&nbsp; 477028 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/44 | 385 | &nbsp;&nbsp; 330613 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/49 | 1040 | &nbsp;&nbsp; 825236 |
| &nbsp;&nbsp;&nbsp; Constitution Heights Metropolitan District, Refunding <br> GOL, 5.00%, 12/01/49<br>| 500 | &nbsp;&nbsp; 478018 |
| &nbsp;&nbsp;&nbsp; Creekwalk Marketplace Business Improvement District, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 6.00%, 12/01/54 | 3415 | &nbsp;&nbsp; 3428486 |
| &nbsp;&nbsp;&nbsp; Series B, 8.00%, 12/15/54 | 855 | &nbsp;&nbsp; 855838 |
| &nbsp;&nbsp;&nbsp; Denver Convention Center Hotel Authority, Refunding <br> RB, Series A, 5.00%, 12/01/40<br>| 1550 | &nbsp;&nbsp; 1551299 |
| &nbsp;&nbsp;&nbsp; Elbert County Independence Water & Sanitation District, <br> Refunding RB, 5.13%, 12/01/33<br>| 1000 | &nbsp;&nbsp; 1034289 |
| &nbsp;&nbsp;&nbsp; Fitzsimons Village Metropolitan District No. 3, Refunding <br> GOL, Series A-1, 4.00%, 12/01/31<br>| 500 | &nbsp;&nbsp; 487174 |
| &nbsp;&nbsp;&nbsp; Gold Hill North Business Improvement District, GOL, <br> Series A, 5.60%, 12/01/54<sup>(c)</sup><br>| 1000 | &nbsp;&nbsp; 997746 |
| &nbsp;&nbsp;&nbsp; Independence Metropolitan District No. 3, GOL, <br> Series B, Subordinate, 7.13%, 12/15/54<br>| 1000 | &nbsp;&nbsp; 995689 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Colorado (continued)** | **Colorado (continued)** |  |
| &nbsp;&nbsp;&nbsp; Independence Metropolitan District No. 3, Refunding <br> GOL, Series A, 5.38%, 12/01/54<br>| 1351 | &nbsp;&nbsp; $1344960 |
| &nbsp;&nbsp;&nbsp; Inspiration Metropolitan District, GOL, Series B, <br> Subordinate, 5.00%, 12/15/36<br>| 617 | &nbsp;&nbsp; 590451 |
| &nbsp;&nbsp;&nbsp; Lanterns Metropolitan District No. 2, GOL, Series A, <br> 4.50%, 12/01/50<br>| 520 | &nbsp;&nbsp; 405386 |
| &nbsp;&nbsp;&nbsp; Loretto Heights Community Authority, RB, 4.88%, <br> 12/01/51<br>| 1290 | &nbsp;&nbsp; 1026547 |
| &nbsp;&nbsp;&nbsp; Palisade Metropolitan District No. 2, Refunding RB, CAB, <br> Series B, Convertible, 5.88%, 12/15/54<sup>(c)</sup><br>| 1170 | &nbsp;&nbsp; 1155732 |
| &nbsp;&nbsp;&nbsp; Prairie Farm Metropolitan District, GOL, Series A, 5.25%, <br> 12/01/48<br>| 736 | &nbsp;&nbsp; 735952 |
| &nbsp;&nbsp;&nbsp; Redtail Ridge Metropolitan District, GOL, CAB, 0.00%, <br> 12/01/32<sup>(d)</sup><br>| 6581 | &nbsp;&nbsp; 4225299 |
| &nbsp;&nbsp;&nbsp; Sojourn at Idlewild Metropolitan District, GOL, Series A, <br> 6.13%, 12/01/55<sup>(c)</sup><br>| 500 | &nbsp;&nbsp; 514037 |
| &nbsp;&nbsp;&nbsp; St. Vrain Lakes Metropolitan District No. 4, GOL, <br> Series A, 6.75%, 09/20/54<sup>(c)</sup><br>| 1035 | &nbsp;&nbsp; 767416 |
| &nbsp;&nbsp;&nbsp; Waters' Edge Metropolitan District No. 2, GOL, 5.00%, <br> 12/01/51<br>| 1290 | &nbsp;&nbsp; 1207748 |
|  |  | &nbsp;&nbsp; 36967906 |
| **Connecticut — 1.3%** | **Connecticut — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities <br> Authority, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/55<sup>(c)</sup> | 485 | &nbsp;&nbsp; 405379 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 5.38%, 07/01/54 | 1105 | &nbsp;&nbsp; 1050618 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Finance Authority, RB, 7.00%, <br> 02/01/45<sup>(c)</sup><br>| 3750 | &nbsp;&nbsp; 3780913 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribe of Indians of Connecticut, RB, Series A, <br> 6.75%, 02/01/45<sup>(c)</sup><br>| 917 | &nbsp;&nbsp; 924582 |
| Stamford Housing Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 6.50%, 10/01/55 | 600 | &nbsp;&nbsp; 620167 |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 10/01/60 | 420 | &nbsp;&nbsp; 424562 |
|  |  | &nbsp;&nbsp; 7206221 |
| **Delaware**<sup>(c)</sup> **— 0.5%** | **Delaware**<sup>(c)</sup> **— 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Affordable Housing Opportunities Trust, RB, Series AH-<br> 01, Class B, 6.88%, 05/01/39<br>| 1646 | &nbsp;&nbsp; 1665877 |
| Town of Bridgeville Delaware, ST |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/44 | 200 | &nbsp;&nbsp; 201064 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/01/53 | 220 | &nbsp;&nbsp; 220516 |
| Town of Milton Delaware, ST |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 09/01/44 | 150 | &nbsp;&nbsp; 152576 |
| &nbsp;&nbsp;&nbsp; 5.95%, 09/01/53 | 400 | &nbsp;&nbsp; 403653 |
|  |  | &nbsp;&nbsp; 2643686 |
| **District of Columbia — 0.3%** | **District of Columbia — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Tobacco Settlement Financing <br> Corp., RB, Series A, 0.00%, 06/15/46<sup>(d)</sup><br>| 1305 | &nbsp;&nbsp; 310143 |
| District of Columbia, TA, 5.13%, 06/01/41 | 590 | &nbsp;&nbsp; 590531 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Dulles Toll <br> Road Revenue, Refunding RB, Series B, Subordinate, <br> 4.00%, 10/01/49<br>| 870 | &nbsp;&nbsp; 769934 |
|  |  | &nbsp;&nbsp; 1670608 |
| **Florida — 18.2%** | **Florida — 18.2%** |  |
| &nbsp;&nbsp;&nbsp; Alachua County Housing Finance Authority, RB, M/F <br> Housing, Series A, 6.30%, 07/01/55<sup>(b)(c)</sup><br>| 750 | &nbsp;&nbsp; 781108 |
| Antillia Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 05/01/44 | 95 | &nbsp;&nbsp; 98144 |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/01/54 | 190 | &nbsp;&nbsp; 192716 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| &nbsp;&nbsp;&nbsp; Babcock Ranch Community Independent Special <br> District, SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, 5.00%, 05/01/42 | $510 | &nbsp;&nbsp; $518044 |
| &nbsp;&nbsp;&nbsp; Series 2022, 5.00%, 05/01/53 | 385 | &nbsp;&nbsp; 366644 |
| &nbsp;&nbsp;&nbsp; Bella Collina Community Development District, SAB, <br> 5.30%, 05/01/55<br>| 210 | &nbsp;&nbsp; 206581 |
| Bella Tara Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/01/45 | 500 | &nbsp;&nbsp; 521962 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/01/56 | 755 | &nbsp;&nbsp; 775250 |
| &nbsp;&nbsp;&nbsp; Bellehaven Community Development District, SAB, <br> 6.05%, 05/01/55<br>| 610 | &nbsp;&nbsp; 624512 |
| &nbsp;&nbsp;&nbsp; Berry Bay II Community Development District, SAB, <br> Series 2024, 5.45%, 05/01/54<br>| 420 | &nbsp;&nbsp; 405375 |
| &nbsp;&nbsp;&nbsp; Boggy Creek Improvement District, Refunding SAB, <br> Series 2013, 5.13%, 05/01/43<br>| 1080 | &nbsp;&nbsp; 1080159 |
| &nbsp;&nbsp;&nbsp; Brevard County Health Facilities Authority, Refunding <br> RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/27 | 495 | &nbsp;&nbsp; 490222 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/29 | 535 | &nbsp;&nbsp; 523040 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/32 | 450 | &nbsp;&nbsp; 428618 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/33 | 625 | &nbsp;&nbsp; 590575 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/35 | 675 | &nbsp;&nbsp; 625244 |
| Buckhead Trails Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/01/54 | 310 | &nbsp;&nbsp; 315629 |
| &nbsp;&nbsp;&nbsp; Series 2022, 5.75%, 05/01/52 | 545 | &nbsp;&nbsp; 553362 |
| &nbsp;&nbsp;&nbsp; Cabot Citrus Farms Community Development District, <br> SAB, 5.25%, 03/01/29<br>| 1055 | &nbsp;&nbsp; 1064150 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, RB, 6.13%, <br> 06/15/44<sup>(c)</sup><br>| 190 | &nbsp;&nbsp; 197878 |
| &nbsp;&nbsp;&nbsp; Capital Region Community Development District, <br> Refunding SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.13%, 05/01/39 | 1500 | &nbsp;&nbsp; 1518560 |
| &nbsp;&nbsp;&nbsp; Series A-2, 4.60%, 05/01/31 | 300 | &nbsp;&nbsp; 303926 |
| Capital Trust Agency, Inc., RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/55<sup>(c)</sup> | 3930 | &nbsp;&nbsp; 3368226 |
| &nbsp;&nbsp;&nbsp; Series A, 5.75%, 06/01/54<sup>(c)</sup> | 1390 | &nbsp;&nbsp; 1227049 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/15/54 | 400 | &nbsp;&nbsp; 353734 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 01/01/60<sup>(d)</sup> | 3000 | &nbsp;&nbsp; 265610 |
| Capital Trust Agency, Inc., RB, CAB<sup>(c)(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 07/01/61 | 22860 | &nbsp;&nbsp; 1957570 |
| &nbsp;&nbsp;&nbsp; Subordinate, 0.00%, 01/01/61 | 5395 | &nbsp;&nbsp; 444468 |
| Capital Trust Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/01/57 | 1350 | &nbsp;&nbsp; 1351518 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/44 | 260 | &nbsp;&nbsp; 246341 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 07/01/54 | 460 | &nbsp;&nbsp; 412195 |
| Capital Trust Authority, Refunding RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.75%, 06/15/40 | 260 | &nbsp;&nbsp; 255261 |
| &nbsp;&nbsp;&nbsp; Series A, 5.13%, 06/15/50 | 250 | &nbsp;&nbsp; 230887 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 06/15/59 | 805 | &nbsp;&nbsp; 734316 |
| &nbsp;&nbsp;&nbsp; City of Fort Lauderdale Florida Water & Sewer Revenue, <br> RB, Series B, 5.50%, 09/01/53<br>| 970 | &nbsp;&nbsp; 1044422 |
| Coastal Ridge Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/01/45 | 715 | &nbsp;&nbsp; 743447 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/01/55 | 550 | &nbsp;&nbsp; 561419 |
| &nbsp;&nbsp;&nbsp; Coral Creek Community Development District, SAB, <br> 5.75%, 05/01/54<br>| 290 | &nbsp;&nbsp; 292024 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue, <br> Refunding ARB, Series A, AMT, 5.00%, 10/01/49<br>| 5000 | &nbsp;&nbsp; 5023841 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Seaport Department, Refunding <br> RB, Series A, AMT, 5.25%, 10/01/52<br>| 350 | &nbsp;&nbsp; 355959 |
| County of Okaloosa Florida, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/55 | 190 | &nbsp;&nbsp; 192263 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| County of Okaloosa Florida, RB<sup>(c)</sup> (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/60 | $550 | &nbsp;&nbsp; $554524 |
| &nbsp;&nbsp;&nbsp; County of Osceola Florida Transportation Revenue, <br> Refunding RB, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/47 | 745 | &nbsp;&nbsp; 243384 |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/48 | 1400 | &nbsp;&nbsp; 428763 |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/49 | 730 | &nbsp;&nbsp; 212387 |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/52 | 435 | &nbsp;&nbsp; 103510 |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/54 | 2875 | &nbsp;&nbsp; 608797 |
| &nbsp;&nbsp;&nbsp; Crosswinds East Community Development District, SAB, <br> 5.75%, 05/01/54<br>| 265 | &nbsp;&nbsp; 267869 |
| Curiosity Creek Community Development District, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 05/01/44 | 150 | &nbsp;&nbsp; 152233 |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/01/55 | 245 | &nbsp;&nbsp; 242194 |
| &nbsp;&nbsp;&nbsp; Cypress Creek Reserve Community Development <br> District, SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/01/45 | 100 | &nbsp;&nbsp; 104532 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/01/56 | 300 | &nbsp;&nbsp; 307315 |
| &nbsp;&nbsp;&nbsp; Darby Community Development District, SAB, <br> Series A-2, 5.88%, 05/01/35<br>| 300 | &nbsp;&nbsp; 312380 |
| East Ridge Cdd Florida, SAB, 05/01/57<sup>(e)</sup> | 2000 | &nbsp;&nbsp; 2000781 |
| &nbsp;&nbsp;&nbsp; Escambia County Health Facilities Authority, Refunding <br> RB, (AMBAC), 4.00%, 08/15/45<br>| 2325 | &nbsp;&nbsp; 2156515 |
| Florida Development Finance Corp., RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/55 | 525 | &nbsp;&nbsp; 495115 |
| &nbsp;&nbsp;&nbsp; Series A, 5.75%, 06/15/29 | 490 | &nbsp;&nbsp; 490454 |
| &nbsp;&nbsp;&nbsp; Series A, 6.00%, 06/15/34 | 835 | &nbsp;&nbsp; 835831 |
| &nbsp;&nbsp;&nbsp; Series A, 6.13%, 06/15/44 | 3180 | &nbsp;&nbsp; 3181327 |
| &nbsp;&nbsp;&nbsp; Series A, 5.13%, 06/15/55 | 3645 | &nbsp;&nbsp; 3054770 |
| &nbsp;&nbsp;&nbsp; Series B, 4.50%, 12/15/56 | 4690 | &nbsp;&nbsp; 3061304 |
| &nbsp;&nbsp;&nbsp; Series C, 5.75%, 12/15/56 | 1575 | &nbsp;&nbsp; 1175821 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.38%, 10/01/54<sup>(b)</sup> | 1190 | &nbsp;&nbsp; 1196543 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 0.00%, 07/15/59<sup>(b)(f)(g)</sup> | 3710 | &nbsp;&nbsp; 1038800 |
| Florida Development Finance Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 0.00%, 07/15/32<sup>(b)(c)(f)(g)</sup> | 2620 | &nbsp;&nbsp; 733600 |
| &nbsp;&nbsp;&nbsp; AMT, (PSF), 5.00%, 07/01/44 | 3985 | &nbsp;&nbsp; 3877648 |
| &nbsp;&nbsp;&nbsp; AMT, (PSF), 5.25%, 07/01/47 | 1000 | &nbsp;&nbsp; 999306 |
| &nbsp;&nbsp;&nbsp; Florida Local Government Finance Commission, RB, <br> 6.75%, 11/15/55<sup>(c)</sup><br>| 2000 | &nbsp;&nbsp; 2087550 |
| &nbsp;&nbsp;&nbsp; Gas Worx Community Development District, SAB, <br> 5.75%, 05/01/45<sup>(c)</sup><br>| 550 | &nbsp;&nbsp; 568659 |
| &nbsp;&nbsp;&nbsp; Golden Gem Community Development District, SAB, <br> 6.00%, 05/01/55<br>| 2305 | &nbsp;&nbsp; 2326563 |
| Greenbriar Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 05/01/45 | 230 | &nbsp;&nbsp; 234696 |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/01/54 | 275 | &nbsp;&nbsp; 275659 |
| Hammock Oaks Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/01/44 | 340 | &nbsp;&nbsp; 349583 |
| &nbsp;&nbsp;&nbsp; 6.15%, 05/01/54 | 120 | &nbsp;&nbsp; 121507 |
| &nbsp;&nbsp;&nbsp; Harbor Reserve Community Development District, SAB, <br> Series 2025, 5.50%, 05/01/45<br>| 2375 | &nbsp;&nbsp; 2396631 |
| &nbsp;&nbsp;&nbsp; Hillcrest Preserve Community Development District, <br> SAB, 5.30%, 05/01/54<sup>(c)</sup><br>| 340 | &nbsp;&nbsp; 326111 |
| &nbsp;&nbsp;&nbsp; Hobe-St Lucie Conservancy District, SAB, 5.88%, <br> 05/01/55<br>| 340 | &nbsp;&nbsp; 346580 |
| Ibis Landing Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 06/15/45 | 155 | &nbsp;&nbsp; 162522 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/55 | 200 | &nbsp;&nbsp; 204729 |
| &nbsp;&nbsp;&nbsp; Kings Creek I Community Development District, SAB, <br> 6.00%, 05/01/55<br>| 525 | &nbsp;&nbsp; 532898 |
| Kissimmee Park Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/01/45 | 455 | &nbsp;&nbsp; 474985 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| &nbsp;&nbsp;&nbsp; Kissimmee Park Community Development District, <br> SAB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/01/56 | $375 | &nbsp;&nbsp; $385058 |
| &nbsp;&nbsp;&nbsp; Lakes of Sarasota Community Development District, <br> SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 05/01/41 | 285 | &nbsp;&nbsp; 263718 |
| &nbsp;&nbsp;&nbsp; Series B-1, 4.13%, 05/01/41 | 200 | &nbsp;&nbsp; 189074 |
| Lakewood Ranch Stewardship District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/39<sup>(c)</sup> | 90 | &nbsp;&nbsp; 92955 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/40 | 415 | &nbsp;&nbsp; 448932 |
| &nbsp;&nbsp;&nbsp; 5.80%, 05/01/45 | 495 | &nbsp;&nbsp; 529301 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/01/46 | 975 | &nbsp;&nbsp; 975037 |
| &nbsp;&nbsp;&nbsp; 5.65%, 05/01/48<sup>(c)</sup> | 65 | &nbsp;&nbsp; 65890 |
| &nbsp;&nbsp;&nbsp; 6.30%, 05/01/54 | 117 | &nbsp;&nbsp; 123944 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/01/56 | 1400 | &nbsp;&nbsp; 1461837 |
| &nbsp;&nbsp;&nbsp; Series 1B, 4.75%, 05/01/29 | 515 | &nbsp;&nbsp; 524398 |
| &nbsp;&nbsp;&nbsp; Series 1B, 5.30%, 05/01/39 | 955 | &nbsp;&nbsp; 981034 |
| &nbsp;&nbsp;&nbsp; Series 1B, 5.45%, 05/01/48 | 1700 | &nbsp;&nbsp; 1714409 |
| &nbsp;&nbsp;&nbsp; Laurel Road Community Development District, SAB, <br> Series A-1, 2.60%, 05/01/26<br>| 80 | &nbsp;&nbsp; 80000 |
| &nbsp;&nbsp;&nbsp; Lee County Industrial Development Authority, RB, <br> Series B-1, 4.75%, 11/15/29<br>| 505 | &nbsp;&nbsp; 506636 |
| Malabar Springs Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 05/01/44 | 230 | &nbsp;&nbsp; 231708 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/54 | 345 | &nbsp;&nbsp; 335386 |
| Marion Ranch Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/01/44 | 185 | &nbsp;&nbsp; 190488 |
| &nbsp;&nbsp;&nbsp; 5.95%, 05/01/54 | 335 | &nbsp;&nbsp; 339240 |
| &nbsp;&nbsp;&nbsp; Midtown Miami Community Development District, <br> Refunding SAB, Series B, 5.00%, 05/01/37<br>| 495 | &nbsp;&nbsp; 490420 |
| &nbsp;&nbsp;&nbsp; Newfield Community Development District, SAB, 5.90%, <br> 05/01/56<br>| 965 | &nbsp;&nbsp; 980847 |
| &nbsp;&nbsp;&nbsp; Normandy Community Development District, SAB, <br> 5.55%, 05/01/54<sup>(c)</sup><br>| 565 | &nbsp;&nbsp; 538776 |
| &nbsp;&nbsp;&nbsp; North AR-1 Pasco Community Development District, <br> SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.75%, 05/01/44 | 95 | &nbsp;&nbsp; 98376 |
| &nbsp;&nbsp;&nbsp; Series A, 6.00%, 05/01/54 | 135 | &nbsp;&nbsp; 137310 |
| &nbsp;&nbsp;&nbsp; North Powerline Road Community Development District, <br> SAB, 5.63%, 05/01/52<sup>(c)</sup><br>| 910 | &nbsp;&nbsp; 931520 |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, Refunding RB, <br> Series A, 5.25%, 10/01/56<br>| 460 | &nbsp;&nbsp; 477710 |
| &nbsp;&nbsp;&nbsp; Ormond Crossings West Community Development <br> District, SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/01/47 | 400 | &nbsp;&nbsp; 399593 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/01/57 | 500 | &nbsp;&nbsp; 492037 |
| &nbsp;&nbsp;&nbsp; Parrish Lakes Community Development District, SAB, <br> 5.80%, 05/01/54<br>| 540 | &nbsp;&nbsp; 541062 |
| Parrish Plantation Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 05/01/44 | 100 | &nbsp;&nbsp; 104143 |
| &nbsp;&nbsp;&nbsp; 6.05%, 05/01/54 | 115 | &nbsp;&nbsp; 117777 |
| &nbsp;&nbsp;&nbsp; Pinery Community Development District, SAB, 5.60%, <br> 05/01/46<br>| 1250 | &nbsp;&nbsp; 1256589 |
| &nbsp;&nbsp;&nbsp; Poitras East Community Development District, SAB, <br> 5.00%, 05/01/43<br>| 935 | &nbsp;&nbsp; 960127 |
| Reflection Bay Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/01/45 | 150 | &nbsp;&nbsp; 154606 |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/01/55 | 245 | &nbsp;&nbsp; 248078 |
| &nbsp;&nbsp;&nbsp; Seminole County Industrial Development Authority, <br> Refunding RB, 5.75%, 11/15/54<br>| 985 | &nbsp;&nbsp; 904595 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| &nbsp;&nbsp;&nbsp; Seminole Palms Community Development District, SAB, <br> 5.50%, 05/01/55<sup>(c)</sup><br>| 445 | &nbsp;&nbsp; $439794 |
| &nbsp;&nbsp;&nbsp; Shadowlawn Community Development District, SAB, <br> 5.85%, 05/01/54<br>| 225 | &nbsp;&nbsp; 222847 |
| &nbsp;&nbsp;&nbsp; Solaeris Community Development District, SAB, 6.00%, <br> 05/01/45<sup>(c)</sup><br>| 865 | &nbsp;&nbsp; 899199 |
| &nbsp;&nbsp;&nbsp; South Broward Hospital District, RB, (AGM), 3.00%, <br> 05/01/51<br>| 720 | &nbsp;&nbsp; 524969 |
| &nbsp;&nbsp;&nbsp; Sunrise Community Development District, SAB, 5.63%, <br> 05/01/45<sup>(c)</sup><br>| 1750 | &nbsp;&nbsp; 1755612 |
| Tolomato Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/01/44 | 280 | &nbsp;&nbsp; 277627 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/01/54 | 280 | &nbsp;&nbsp; 272876 |
| Trout Creek Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28 | 100 | &nbsp;&nbsp; 101468 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/01/38 | 430 | &nbsp;&nbsp; 439082 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/49 | 1670 | &nbsp;&nbsp; 1679557 |
| Village Community Development District No. 14, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/01/42 | 1420 | &nbsp;&nbsp; 1463174 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/53 | 1045 | &nbsp;&nbsp; 1059754 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 16, SAB, <br> 4.88%, 05/01/45<br>| 1750 | &nbsp;&nbsp; 1766940 |
| &nbsp;&nbsp;&nbsp; Volusia County Educational Facility Authority, RB, 5.25%, <br> 06/01/49<br>| 1385 | &nbsp;&nbsp; 1401892 |
| West Villages Improvement District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/01/39 | 675 | &nbsp;&nbsp; 675908 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/50 | 1390 | &nbsp;&nbsp; 1361596 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/01/54 | 325 | &nbsp;&nbsp; 323846 |
| &nbsp;&nbsp;&nbsp; Westside Haines City Community Development District, <br> SAB, 6.00%, 05/01/54<br>| 245 | &nbsp;&nbsp; 249663 |
|  |  | &nbsp;&nbsp; 102675040 |
| **Georgia — 1.9%** | **Georgia — 1.9%** |  |
| Atlanta Development Authority, TA<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 04/01/34 | 880 | &nbsp;&nbsp; 899845 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 04/01/39 | 1360 | &nbsp;&nbsp; 1390298 |
| &nbsp;&nbsp;&nbsp; Development Authority of Cobb County, RB, Series A, <br> 6.38%, 06/15/58<sup>(c)</sup><br>| 365 | &nbsp;&nbsp; 357754 |
| &nbsp;&nbsp;&nbsp; East Point Business & Industrial Development Authority, <br> RB, Series A, 5.25%, 06/15/62<sup>(c)(f)(g)</sup><br>| 400 | &nbsp;&nbsp; 240000 |
| &nbsp;&nbsp;&nbsp; Gainesville & Hall County Hospital Authority, RB, <br> Series A, 4.00%, 02/15/51<br>| 855 | &nbsp;&nbsp; 742550 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., RB, Series A, 5.00%, <br> 06/01/53<sup>(b)</sup><br>| 3500 | &nbsp;&nbsp; 3676720 |
| Main Street Natural Gas, Inc., Refunding RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series E-1, 5.00%, 12/01/53 | 1195 | &nbsp;&nbsp; 1274608 |
| &nbsp;&nbsp;&nbsp; Series E-2, 4.14%, 12/01/53 | 1605 | &nbsp;&nbsp; 1648697 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia, RB, Series A, <br> 5.00%, 07/01/52<br>| 460 | &nbsp;&nbsp; 467760 |
|  |  | &nbsp;&nbsp; 10698232 |
| **Idaho**<sup>(c)</sup> **— 0.1%** | **Idaho**<sup>(c)</sup> **— 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association, Refunding RB, <br> 6.00%, 03/01/61<br>| 250 | &nbsp;&nbsp; 251957 |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association, Refunding RB, <br> CAB, 0.00%, 03/01/62<sup>(d)</sup><br>| 960 | &nbsp;&nbsp; 494364 |
|  |  | &nbsp;&nbsp; 746321 |
| **Illinois — 7.0%** | **Illinois — 7.0%** |  |
| Chicago Board of Education, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 12/01/50 | 3195 | &nbsp;&nbsp; 3354536 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 12/01/35 | 830 | &nbsp;&nbsp; 826595 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Illinois (continued)** | **Illinois (continued)** |  |
| Chicago Board of Education, GO (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 12/01/46 | 3190 | &nbsp;&nbsp; $2934937 |
| &nbsp;&nbsp;&nbsp; Series H, 5.00%, 12/01/36 | 1935 | &nbsp;&nbsp; 1933691 |
| Chicago Board of Education, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 6.00%, 12/01/44 | 1710 | &nbsp;&nbsp; 1808326 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 12/01/34 | 940 | &nbsp;&nbsp; 941954 |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, <br> Refunding RB, Series A, Senior Lien, 4.00%, <br> 12/01/49<br>| 640 | &nbsp;&nbsp; 563578 |
| City of Chicago Illinois, GO, Series A, 6.00%, 01/01/50 | 2650 | &nbsp;&nbsp; 2763334 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois, Refunding GO, Series A, 6.00%, <br> 01/01/38<br>| 1855 | &nbsp;&nbsp; 1872453 |
| City of Marion Illinois Sales Tax Revenue, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/01/45 | 965 | &nbsp;&nbsp; 979240 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/01/55 | 1780 | &nbsp;&nbsp; 1787523 |
| &nbsp;&nbsp;&nbsp; County of Cook Illinois, RB, M/F Housing, 6.50%, <br> 01/01/45<br>| 2625 | &nbsp;&nbsp; 2685945 |
| Illinois Finance Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, Sustainability Bonds, 5.00%, 07/01/51 | 2000 | &nbsp;&nbsp; 1433795 |
| &nbsp;&nbsp;&nbsp; Class A, Sustainability Bonds, 5.00%, 07/01/56 | 2000 | &nbsp;&nbsp; 1383707 |
| Illinois Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/01/35<sup>(c)</sup> | 505 | &nbsp;&nbsp; 512346 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 07/15/47 | 1815 | &nbsp;&nbsp; 1619631 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 02/15/27<sup>(h)</sup> | 1425 | &nbsp;&nbsp; 1438788 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 02/15/41 | 5 | &nbsp;&nbsp; 4911 |
| &nbsp;&nbsp;&nbsp; Illinois Housing Development Authority, RB, S/F Housing, <br> Series G, Sustainability Bonds, (FNMA, GNMA), <br> 6.25%, 10/01/52<br>| 600 | &nbsp;&nbsp; 644751 |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority, RB, Series A, 4.00%, <br> 01/01/46<br>| 2295 | &nbsp;&nbsp; 2166784 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, RB, 5.00%, <br> 06/15/57<br>| 1575 | &nbsp;&nbsp; 1554773 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, RB, CAB, <br> Series A, 0.00%, 12/15/56<sup>(d)</sup><br>| 1315 | &nbsp;&nbsp; 275305 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, Refunding RB, <br> Series B, 5.00%, 06/15/52<br>| 225 | &nbsp;&nbsp; 222367 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, Refunding RB, <br> CAB, 0.00%, 12/15/54<sup>(d)</sup><br>| 12685 | &nbsp;&nbsp; 2961188 |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/30 | 530 | &nbsp;&nbsp; 562338 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/39 | 1055 | &nbsp;&nbsp; 1120041 |
| Village of Lincolnshire Illinois, ST, 6.25%, 03/01/34 | 973 | &nbsp;&nbsp; 974589 |
|  |  | &nbsp;&nbsp; 39327426 |
| **Indiana — 0.5%** | **Indiana — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; City of Valparaiso Indiana, Refunding RB, AMT, 4.50%, <br> 01/01/34<sup>(c)</sup><br>| 225 | &nbsp;&nbsp; 229607 |
| Indiana Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 6.13%, 10/15/45<sup>(c)</sup> | 250 | &nbsp;&nbsp; 253232 |
| &nbsp;&nbsp;&nbsp; Series A, 6.38%, 10/15/55<sup>(c)</sup> | 195 | &nbsp;&nbsp; 195667 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 6.75%, 05/01/39 | 1575 | &nbsp;&nbsp; 1753442 |
| Town of Whitestown, Refunding TA, 6.00%, 09/01/50<sup>(c)</sup> | 500 | &nbsp;&nbsp; 500631 |
|  |  | &nbsp;&nbsp; 2932579 |
| **Iowa — 0.5%** | **Iowa — 0.5%** |  |
| Iowa Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.13%, 05/15/59 | 1225 | &nbsp;&nbsp; 1149660 |
| &nbsp;&nbsp;&nbsp; Series E, 4.00%, 08/15/46 | 1815 | &nbsp;&nbsp; 1671655 |
|  |  | &nbsp;&nbsp; 2821315 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Kansas — 0.2%** | **Kansas — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; City of Manhattan Kansas, RB, Series A, 5.50%, <br> 06/01/55<br>| $200 | &nbsp;&nbsp; $201117 |
| City of Shawnee Kansas, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/41 | 230 | &nbsp;&nbsp; 211974 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/56 | 850 | &nbsp;&nbsp; 684722 |
|  |  | &nbsp;&nbsp; 1097813 |
| **Kentucky — 0.5%** | **Kentucky — 0.5%** |  |
| City of Henderson Kentucky, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.70%, 01/01/52 | 230 | &nbsp;&nbsp; 213320 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 4.45%, 01/01/42 | 2000 | &nbsp;&nbsp; 1970406 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Transportation Infrastructure Authority, <br> RB, CAB, Convertible, 6.75%, 07/01/43<br>| 565 | &nbsp;&nbsp; 634571 |
|  |  | &nbsp;&nbsp; 2818297 |
| **Louisiana**<sup>(c)</sup> **— 0.6%** | **Louisiana**<sup>(c)</sup> **— 0.6%** |  |
| Louisiana Public Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/59 | 770 | &nbsp;&nbsp; 775212 |
| &nbsp;&nbsp;&nbsp; Series A, 6.50%, 06/01/62 | 385 | &nbsp;&nbsp; 333327 |
| &nbsp;&nbsp;&nbsp; Class R2, AMT, 6.50%, 10/01/53 | 835 | &nbsp;&nbsp; 880799 |
| &nbsp;&nbsp;&nbsp; Parish of St. James Louisiana, RB, Series 2, 6.35%, <br> 07/01/40<br>| 1580 | &nbsp;&nbsp; 1710801 |
|  |  | &nbsp;&nbsp; 3700139 |
| **Maine — 1.1%** | **Maine — 1.1%** |  |
| Finance Authority of Maine, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 9.50%, 06/01/32 | 305 | &nbsp;&nbsp; 259634 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 8.50%, 06/01/32 | 325 | &nbsp;&nbsp; 276687 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 8.50%, 06/01/35<sup>(f)(g)</sup> | 1452 | &nbsp;&nbsp; 750597 |
| &nbsp;&nbsp;&nbsp; Finance Authority of Maine, Refunding RB, AMT, 4.63%, <br> 12/01/47<sup>(b)(c)</sup><br>| 675 | &nbsp;&nbsp; 703894 |
| &nbsp;&nbsp;&nbsp; Maine Health & Higher Educational Facilities Authority, <br> Refunding RB, 4.00%, 07/01/37<sup>(c)</sup><br>| 4200 | &nbsp;&nbsp; 3980786 |
|  |  | &nbsp;&nbsp; 5971598 |
| **Maryland — 1.0%** | **Maryland — 1.0%** |  |
| City of Baltimore Maryland, RB, 4.88%, 06/01/42 | 445 | &nbsp;&nbsp; 455099 |
| Maryland Economic Development Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/56 | 360 | &nbsp;&nbsp; 353720 |
| &nbsp;&nbsp;&nbsp; Class B, AMT, Sustainability Bonds, 5.25%, 06/30/47 | 380 | &nbsp;&nbsp; 382658 |
| &nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities <br> Authority, RB, 7.00%, 03/01/55<sup>(c)</sup><br>| 4490 | &nbsp;&nbsp; 4626065 |
|  |  | &nbsp;&nbsp; 5817542 |
| **Massachusetts — 0.5%** | **Massachusetts — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, RB, <br> Series A, 5.00%, 01/01/47<br>| 860 | &nbsp;&nbsp; 859977 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Refunding <br> RB, 5.00%, 10/01/57<sup>(c)</sup><br>| 500 | &nbsp;&nbsp; 480677 |
| Massachusetts Housing Finance Agency, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.45%, 12/01/42 | 310 | &nbsp;&nbsp; 307284 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.50%, 12/01/47 | 1030 | &nbsp;&nbsp; 958602 |
|  |  | &nbsp;&nbsp; 2606540 |
| **Michigan — 0.8%** | **Michigan — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Advanced Technology Academy, Refunding RB, 5.00%, <br> 11/01/44<br>| 415 | &nbsp;&nbsp; 402373 |
| Michigan Finance Authority, RB, 4.00%, 02/15/50 | 2000 | &nbsp;&nbsp; 1712008 |
| Michigan Strategic Fund, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/42 | 510 | &nbsp;&nbsp; 510169 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/31/43 | 1700 | &nbsp;&nbsp; 1713914 |
|  |  | &nbsp;&nbsp; 4338464 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Minnesota — 0.1%** | **Minnesota — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Minnesota Housing Finance Agency, RB, S/F Housing, <br> Series M, Sustainability Bonds, (GNMA), 6.00%, <br> 01/01/53<br>| $340 | &nbsp;&nbsp; $360855 |
| **Missouri — 0.5%** | **Missouri — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the City of St. Louis <br> Missouri, Refunding RB, Series A, 4.38%, 11/15/35<br>| 1015 | &nbsp;&nbsp; 982274 |
| Kansas City Industrial Development Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Class B, AMT, (NPFGC), 5.00%, 03/01/49 | 425 | &nbsp;&nbsp; 428144 |
| &nbsp;&nbsp;&nbsp; Class B, AMT, (AGM), 5.00%, 03/01/55 | 425 | &nbsp;&nbsp; 426174 |
| Kansas City Industrial Development Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 06/01/46 | 505 | &nbsp;&nbsp; 508696 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 06/01/54 | 340 | &nbsp;&nbsp; 332961 |
|  |  | &nbsp;&nbsp; 2678249 |
| **Nebraska — 0.0%** | **Nebraska — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Omaha Airport Authority, ARB, AMT, (AGM), 5.25%, <br> 12/15/54<br>| 275 | &nbsp;&nbsp; 284220 |
| **Nevada — 0.1%** | **Nevada — 0.1%** |  |
| Tahoe-Douglas Visitors Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/40 | 355 | &nbsp;&nbsp; 365239 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/45 | 460 | &nbsp;&nbsp; 465826 |
|  |  | &nbsp;&nbsp; 831065 |
| **New Hampshire — 4.4%** | **New Hampshire — 4.4%** |  |
| New Hampshire Business Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 12/01/31<sup>(c)</sup> | 419 | &nbsp;&nbsp; 419077 |
| &nbsp;&nbsp;&nbsp; 5.88%, 12/15/33<sup>(c)</sup> | 1666 | &nbsp;&nbsp; 1665157 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/35<sup>(c)</sup> | 1000 | &nbsp;&nbsp; 997791 |
| &nbsp;&nbsp;&nbsp; 5.38%, 12/15/35<sup>(c)</sup> | 2318 | &nbsp;&nbsp; 2318215 |
| &nbsp;&nbsp;&nbsp; Series A, 4.13%, 08/15/40 | 790 | &nbsp;&nbsp; 729430 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 08/15/46 | 885 | &nbsp;&nbsp; 773113 |
| &nbsp;&nbsp;&nbsp; Series A, 4.50%, 08/15/55 | 1835 | &nbsp;&nbsp; 1526827 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 5.50%, 06/01/55 | 6000 | &nbsp;&nbsp; 6207275 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, RB, <br> CAB<sup>(c)(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 04/01/32 | 690 | &nbsp;&nbsp; 477951 |
| &nbsp;&nbsp;&nbsp; 0.00%, 12/15/33 | 6305 | &nbsp;&nbsp; 3631877 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, RB, M/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1st Series, Class B, 5.75%, 04/28/42 | 1255 | &nbsp;&nbsp; 1290377 |
| &nbsp;&nbsp;&nbsp; 1st Series, Subordinate, 5.13%, 01/28/43<sup>(b)</sup> | 1410 | &nbsp;&nbsp; 1420109 |
| &nbsp;&nbsp;&nbsp; Series 2025, Subordinate, 5.15%, 09/28/37 | 2375 | &nbsp;&nbsp; 2370971 |
| &nbsp;&nbsp;&nbsp; Series 2, Sustainability Bonds, 4.25%, 07/20/41 | 1248 | &nbsp;&nbsp; 1244788 |
|  |  | &nbsp;&nbsp; 25072958 |
| **New Jersey — 5.3%** | **New Jersey — 5.3%** |  |
| New Jersey Economic Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/43 | 125 | &nbsp;&nbsp; 128858 |
| &nbsp;&nbsp;&nbsp; Class A, 5.25%, 11/01/47 | 2650 | &nbsp;&nbsp; 2791753 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/37 | 260 | &nbsp;&nbsp; 260213 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 11/01/54<sup>(c)</sup> | 1675 | &nbsp;&nbsp; 1446598 |
| &nbsp;&nbsp;&nbsp; Series B, 6.50%, 04/01/31 | 1150 | &nbsp;&nbsp; 1153810 |
| &nbsp;&nbsp;&nbsp; AMT, 5.38%, 01/01/43 | 2155 | &nbsp;&nbsp; 2157416 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Refunding <br> RB, Series A, 6.00%, 08/01/49<sup>(c)</sup><br>| 500 | &nbsp;&nbsp; 500057 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Refunding <br> SAB, 5.75%, 04/01/31<br>| 785 | &nbsp;&nbsp; 788966 |
| &nbsp;&nbsp;&nbsp; New Jersey Health Care Facilities Financing Authority, <br> RB, 4.00%, 07/01/51<br>| 2655 | &nbsp;&nbsp; 2467034 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey (continued)** | **New Jersey (continued)** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance <br> Authority, RB, Series C, AMT, Subordinate, 4.25%, <br> 12/01/50<br>| 1340 | &nbsp;&nbsp; $1146727 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance <br> Authority, Refunding RB, Sub-Series C, AMT, 3.63%, <br> 12/01/49<br>| 645 | &nbsp;&nbsp; 501769 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series AA, 5.25%, 06/15/41 | 1140 | &nbsp;&nbsp; 1141095 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/45 | 585 | &nbsp;&nbsp; 585291 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, <br> CAB, Series A, 0.00%, 12/15/35<sup>(d)</sup><br>| 8950 | &nbsp;&nbsp; 6396480 |
| Tobacco Settlement Financing Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Sub-Series B, 5.00%, 06/01/46 | 6815 | &nbsp;&nbsp; 6625382 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Intermediate Lien, 5.25%, 06/01/46 | 1700 | &nbsp;&nbsp; 1703272 |
|  |  | &nbsp;&nbsp; 29794721 |
| **New York — 11.4%** | **New York — 11.4%** |  |
| &nbsp;&nbsp;&nbsp; Albany Capital Resource Corp., Refunding RB, 4.00%, <br> 07/01/51<sup>(f)(g)</sup><br>| 846 | &nbsp;&nbsp; 16916 |
| Build NYC Resource Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/56<sup>(c)</sup> | 200 | &nbsp;&nbsp; 193633 |
| &nbsp;&nbsp;&nbsp; 7.00%, 12/15/65<sup>(c)</sup> | 780 | &nbsp;&nbsp; 774736 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/32 | 745 | &nbsp;&nbsp; 738495 |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp., Refunding RB, AMT, 5.00%, <br> 01/01/35<sup>(c)</sup><br>| 275 | &nbsp;&nbsp; 275375 |
| &nbsp;&nbsp;&nbsp; Empire State Development Corp., RB, Series A, 4.00%, <br> 03/15/49<br>| 2020 | &nbsp;&nbsp; 1862465 |
| &nbsp;&nbsp;&nbsp; Empire State Development Corp., Refunding RB, 3.00%, <br> 03/15/48<br>| 9655 | &nbsp;&nbsp; 7209019 |
| &nbsp;&nbsp;&nbsp; Erie Tobacco Asset Securitization Corp., Refunding RB, <br> Series A, 5.00%, 06/01/45<br>| 3800 | &nbsp;&nbsp; 3088749 |
| Metropolitan Transportation Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 4.75%, 11/15/45 | 1725 | &nbsp;&nbsp; 1734887 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 5.00%, 11/15/50 | 565 | &nbsp;&nbsp; 570107 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 5.25%, 11/15/55 | 840 | &nbsp;&nbsp; 852701 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp., RB, M/F <br> Housing, Series C-1A, 4.30%, 11/01/47<br>| 2845 | &nbsp;&nbsp; 2776354 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Sub-Series B-1, 4.00%, 11/01/45 | 2000 | &nbsp;&nbsp; 1882910 |
| &nbsp;&nbsp;&nbsp; Series A-1, Subordinate, 4.00%, 08/01/48 | 555 | &nbsp;&nbsp; 512717 |
| New York Counties Tobacco Trust IV, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 06/01/41<sup>(c)</sup> | 5501 | &nbsp;&nbsp; 5401714 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/42 | 4660 | &nbsp;&nbsp; 4025615 |
| New York Counties Tobacco Trust VI, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A-2B, 5.00%, 06/01/45 | 215 | &nbsp;&nbsp; 187135 |
| &nbsp;&nbsp;&nbsp; Series A-2B, 5.00%, 06/01/51 | 5340 | &nbsp;&nbsp; 4467966 |
| New York Liberty Development Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Class 2, 5.38%, 11/15/40<sup>(c)</sup> | 1475 | &nbsp;&nbsp; 1475962 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 3.00%, 11/15/51 | 2755 | &nbsp;&nbsp; 2014231 |
| &nbsp;&nbsp;&nbsp; New York Power Authority, Refunding RB, Series A, <br> Sustainability Bonds, 4.00%, 11/15/55<br>| 565 | &nbsp;&nbsp; 505956 |
| New York State Dormitory Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/50 | 1610 | &nbsp;&nbsp; 1675278 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 03/15/54 | 740 | &nbsp;&nbsp; 763713 |
| New York Transportation Development Corp., ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.63%, 04/01/40 | 1005 | &nbsp;&nbsp; 1064085 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/01/40 | 555 | &nbsp;&nbsp; 580049 |
| New York Transportation Development Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 10/01/35 | 1150 | &nbsp;&nbsp; 1201017 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** |  |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, (AGM), 5.13%, 06/30/60 | 6620 | &nbsp;&nbsp; $6650016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, (FHLMC, FNMA, GNMA), <br> 5.25%, 06/30/60<br>| 4695 | &nbsp;&nbsp; 4755402 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Refunding <br> ARB, Series A, AMT, 5.38%, 08/01/36<br>| 2220 | &nbsp;&nbsp; 2304978 |
| TSASC, Inc., Refunding RB, Series B, 5.00%, 06/01/48 | 530 | &nbsp;&nbsp; 494792 |
| &nbsp;&nbsp;&nbsp; Ulster County Capital Resource Corp., RB, 5.88%, <br> 09/15/59<sup>(c)</sup><br>| 700 | &nbsp;&nbsp; 701082 |
| &nbsp;&nbsp;&nbsp; Westchester County Local Development Corp., RB, <br> Senior Lien, 6.38%, 12/01/55<sup>(c)</sup><br>| 300 | &nbsp;&nbsp; 306403 |
| &nbsp;&nbsp;&nbsp; Westchester County Local Development Corp., <br> Refunding RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/41 | 1070 | &nbsp;&nbsp; 1079571 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/56 | 1190 | &nbsp;&nbsp; 1067097 |
| &nbsp;&nbsp;&nbsp; Westchester Tobacco Asset Securitization Corp., <br> Refunding RB, Sub-Series C, 4.00%, 06/01/42<br>| 1170 | &nbsp;&nbsp; 961660 |
|  |  | &nbsp;&nbsp; 64172786 |
| **North Carolina — 0.4%** | **North Carolina — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; North Carolina Housing Finance Agency, RB, S/F <br> Housing, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 6.00%, 07/01/53<br>| 420 | &nbsp;&nbsp; 445251 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, RB, 5.25%, <br> 11/01/56<br>| 1600 | &nbsp;&nbsp; 1607309 |
|  |  | &nbsp;&nbsp; 2052560 |
| **North Dakota — 0.4%** | **North Dakota — 0.4%** |  |
| City of Grand Forks North Dakota, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 12/01/48 | 1765 | &nbsp;&nbsp; 1794996 |
| &nbsp;&nbsp;&nbsp; Series A, (HUD SEC 8), 5.00%, 12/01/53 | 525 | &nbsp;&nbsp; 531124 |
|  |  | &nbsp;&nbsp; 2326120 |
| **Ohio — 2.0%** | **Ohio — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, <br> Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55<br>| 2680 | &nbsp;&nbsp; 2125564 |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, <br> Refunding RB, CAB, Series B-3, Class 2, 0.00%, <br> 06/01/57<sup>(d)</sup><br>| 15630 | &nbsp;&nbsp; 1193108 |
| &nbsp;&nbsp;&nbsp; Cleveland-Cuyahoga County Port Authority, Refunding <br> RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.38%, 01/01/39 | 285 | &nbsp;&nbsp; 290632 |
| &nbsp;&nbsp;&nbsp; Series A, 5.88%, 01/01/49 | 575 | &nbsp;&nbsp; 573259 |
| County of Hamilton Ohio, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/46 | 875 | &nbsp;&nbsp; 867537 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/50 | 800 | &nbsp;&nbsp; 698422 |
| County of Hardin Ohio, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | 240 | &nbsp;&nbsp; 239225 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/01/40 | 240 | &nbsp;&nbsp; 231981 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/50 | 1130 | &nbsp;&nbsp; 1023160 |
| &nbsp;&nbsp;&nbsp; Hickory Chase Community Authority, Refunding RB, <br> 5.00%, 12/01/40<sup>(c)</sup><br>| 340 | &nbsp;&nbsp; 349585 |
| &nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority, RB, AMT, <br> 4.50%, 01/15/48<sup>(c)</sup><br>| 3995 | &nbsp;&nbsp; 3703615 |
|  |  | &nbsp;&nbsp; 11296088 |
| **Oklahoma — 2.3%** | **Oklahoma — 2.3%** |  |
| Oklahoma Development Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 09/01/51<sup>(c)</sup> | 6680 | &nbsp;&nbsp; 6552880 |
| &nbsp;&nbsp;&nbsp; Series B, 5.50%, 08/15/52 | 2335 | &nbsp;&nbsp; 2328438 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Oklahoma (continued)** | **Oklahoma (continued)** |  |
| Tulsa County Industrial Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/15/37 | 750 | &nbsp;&nbsp; $758276 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/15/45 | 925 | &nbsp;&nbsp; 927773 |
| &nbsp;&nbsp;&nbsp; Tulsa Municipal Airport Trust Trustees, Refunding, ARB, <br> AMT, 6.25%, 12/01/40<br>| 2355 | &nbsp;&nbsp; 2599941 |
|  |  | &nbsp;&nbsp; 13167308 |
| **Oregon — 0.2%** | **Oregon — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (HUD SECT 8), 0.00%, 06/15/27<sup>(h)</sup> | 65 | &nbsp;&nbsp; 38591 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 0.00%, 06/15/38 | 560 | &nbsp;&nbsp; 327724 |
| Oregon State Facilities Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/29 | 25 | &nbsp;&nbsp; 25310 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/39 | 565 | &nbsp;&nbsp; 551730 |
|  |  | &nbsp;&nbsp; 943355 |
| **Pennsylvania — 5.1%** | **Pennsylvania — 5.1%** |  |
| Allegheny Community Broadband, Inc., RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/01/45 | 205 | &nbsp;&nbsp; 204971 |
| &nbsp;&nbsp;&nbsp; 8.00%, 09/01/51 | 240 | &nbsp;&nbsp; 233674 |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority, ARB, Series A, AMT, <br> (FNMA), 4.00%, 01/01/56<br>| 5240 | &nbsp;&nbsp; 4510159 |
| &nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone <br> Development Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/42 | 4495 | &nbsp;&nbsp; 4657689 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/32 | 100 | &nbsp;&nbsp; 102419 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/42 | 100 | &nbsp;&nbsp; 102335 |
| &nbsp;&nbsp;&nbsp; Beaver County Industrial Development Authority, <br> Refunding RB, Series B, 3.75%, 10/01/47<br>| 1110 | &nbsp;&nbsp; 935142 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Pennsylvania Water & Wastewater <br> Revenue, Refunding RB, Series B, (FHLMC, FNMA, <br> GNMA), 4.50%, 09/01/48<br>| 800 | &nbsp;&nbsp; 805376 |
| Doylestown Hospital Authority, Refunding RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/31 | 285 | &nbsp;&nbsp; 301084 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/01/39 | 585 | &nbsp;&nbsp; 638996 |
| &nbsp;&nbsp;&nbsp; Lancaster Municipal Authority, RB, Series B, 5.00%, <br> 05/01/59<br>| 530 | &nbsp;&nbsp; 508347 |
| &nbsp;&nbsp;&nbsp; Montgomery County Industrial Development Authority, <br> RB, Series C, 5.00%, 11/15/45<br>| 95 | &nbsp;&nbsp; 95944 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing <br> Authority, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/30/42 | 465 | &nbsp;&nbsp; 465171 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/47<sup>(c)</sup> | 3855 | &nbsp;&nbsp; 4063038 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 06/30/48 | 335 | &nbsp;&nbsp; 350510 |
| &nbsp;&nbsp;&nbsp; AMT, 5.25%, 06/30/53 | 1360 | &nbsp;&nbsp; 1364519 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing <br> Authority, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 12/01/38<sup>(b)</sup> | 910 | &nbsp;&nbsp; 910977 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 12/01/37<sup>(b)</sup> | 1585 | &nbsp;&nbsp; 1586701 |
| &nbsp;&nbsp;&nbsp; AMT, 5.50%, 11/01/44 | 3430 | &nbsp;&nbsp; 3432072 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency, RB, <br> Sub-Series 1C, AMT, 5.00%, 06/01/51<br>| 345 | &nbsp;&nbsp; 327692 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F <br> Housing, Series 143A, Sustainability Bonds, 5.38%, <br> 10/01/46<br>| 960 | &nbsp;&nbsp; 1005915 |
| Philadelphia Authority for Industrial Development, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/01/52 | 355 | &nbsp;&nbsp; 363699 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Pennsylvania (continued)** | **Pennsylvania (continued)** |  |
| &nbsp;&nbsp;&nbsp; Philadelphia Authority for Industrial Development, <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 07/01/49 | 805 | &nbsp;&nbsp; $737681 |
| &nbsp;&nbsp;&nbsp; School District of Philadelphia, GOL, Series A, (AGM), <br> 5.50%, 09/01/48<br>| 800 | &nbsp;&nbsp; 849566 |
|  |  | &nbsp;&nbsp; 28553677 |
| **Puerto Rico — 12.2%** | **Puerto Rico — 12.2%** |  |
| Children's Trust Fund, RB, Series A, 0.00%, 05/15/57<sup>(d)</sup> | 39095 | &nbsp;&nbsp; 1893316 |
| Commonwealth of Puerto Rico, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.63%, 07/01/27 | — <br><sup>(i)</sup><br>| &nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.63%, 07/01/29 | 1190 | &nbsp;&nbsp; 1252502 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.75%, 07/01/31 | 2937 | &nbsp;&nbsp; 3175324 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.00%, 07/01/35 | 4100 | &nbsp;&nbsp; 4062021 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.00%, 07/01/41 | 141 | &nbsp;&nbsp; 131601 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.00%, 07/01/46 | 682 | &nbsp;&nbsp; 593670 |
| &nbsp;&nbsp;&nbsp; Commonwealth of Puerto Rico, GO, CAB, Series A, <br> Restructured, 0.00%, 07/01/33<sup>(d)</sup><br>| 1765 | &nbsp;&nbsp; 1278506 |
| &nbsp;&nbsp;&nbsp; Commonwealth of Puerto Rico, Notes, 0.00%, <br> 11/01/51<sup>(b)(f)(g)</sup><br>| 31844 | &nbsp;&nbsp; 19584318 |
| Puerto Rico Electric Power Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 07/01/33<sup>(f)(g)</sup> | 3295 | &nbsp;&nbsp; 2322975 |
| &nbsp;&nbsp;&nbsp; Series A, 6.75%, 07/01/36<sup>(f)(g)</sup> | 1335 | &nbsp;&nbsp; 941175 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/42<sup>(f)(g)</sup> | 910 | &nbsp;&nbsp; 641550 |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 07/01/43<sup>(f)(g)</sup> | 375 | &nbsp;&nbsp; 264375 |
| &nbsp;&nbsp;&nbsp; Series A-1, 10.00%, 07/01/19<sup>(f)(g)</sup> | 75 | &nbsp;&nbsp; 55758 |
| &nbsp;&nbsp;&nbsp; Series A-2, 10.00%, 07/01/19<sup>(f)(g)</sup> | 379 | &nbsp;&nbsp; 281302 |
| &nbsp;&nbsp;&nbsp; Series A-3, 10.00%, 07/01/19<sup>(f)(g)</sup> | 323 | &nbsp;&nbsp; 239835 |
| &nbsp;&nbsp;&nbsp; Series B-3, 10.00%, 07/01/19<sup>(f)(g)</sup> | 323 | &nbsp;&nbsp; 239835 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.40%, 01/01/18<sup>(f)(g)</sup> | 887 | &nbsp;&nbsp; 625654 |
| &nbsp;&nbsp;&nbsp; Series C-2, 5.40%, 07/01/18<sup>(f)(g)</sup> | 888 | &nbsp;&nbsp; 625756 |
| &nbsp;&nbsp;&nbsp; Series C-3, 5.40%, 01/01/20<sup>(f)(g)</sup> | 90 | &nbsp;&nbsp; 63253 |
| &nbsp;&nbsp;&nbsp; Series C-4, 5.40%, 07/01/20<sup>(f)(g)</sup> | 90 | &nbsp;&nbsp; 63253 |
| &nbsp;&nbsp;&nbsp; Series CCC, 5.25%, 07/01/26<sup>(f)(g)</sup> | 260 | &nbsp;&nbsp; 183300 |
| &nbsp;&nbsp;&nbsp; Series CCC, 5.25%, 07/01/28<sup>(f)(g)</sup> | 145 | &nbsp;&nbsp; 102225 |
| &nbsp;&nbsp;&nbsp; Series D-1, 7.50%, 01/01/20<sup>(f)(g)</sup> | 761 | &nbsp;&nbsp; 547757 |
| &nbsp;&nbsp;&nbsp; Series D-4, 7.50%, 07/01/20<sup>(f)(g)</sup> | 404 | &nbsp;&nbsp; 290795 |
| &nbsp;&nbsp;&nbsp; Series TT, 5.00%, 07/01/18<sup>(f)(g)</sup> | 295 | &nbsp;&nbsp; 207975 |
| &nbsp;&nbsp;&nbsp; Series WW, 5.50%, 07/01/17<sup>(f)(g)</sup> | 200 | &nbsp;&nbsp; 141000 |
| &nbsp;&nbsp;&nbsp; Series WW, 5.50%, 07/01/18<sup>(f)(g)</sup> | 1175 | &nbsp;&nbsp; 828375 |
| &nbsp;&nbsp;&nbsp; Series WW, 5.50%, 07/01/19<sup>(f)(g)</sup> | 145 | &nbsp;&nbsp; 102225 |
| &nbsp;&nbsp;&nbsp; Series WW, 5.50%, 07/01/20 | 1595 | &nbsp;&nbsp; 1124475 |
| &nbsp;&nbsp;&nbsp; Series WW, 5.38%, 07/01/22<sup>(f)(g)</sup> | 1310 | &nbsp;&nbsp; 923550 |
| &nbsp;&nbsp;&nbsp; Series WW, 5.25%, 07/01/33<sup>(f)(g)</sup> | 120 | &nbsp;&nbsp; 84600 |
| &nbsp;&nbsp;&nbsp; Series WW, 5.50%, 07/01/38<sup>(f)(g)</sup> | 205 | &nbsp;&nbsp; 144525 |
| &nbsp;&nbsp;&nbsp; Series XX, 5.25%, 07/01/27<sup>(f)(g)</sup> | 110 | &nbsp;&nbsp; 77550 |
| &nbsp;&nbsp;&nbsp; Series XX, 5.25%, 07/01/35<sup>(f)(g)</sup> | 645 | &nbsp;&nbsp; 454725 |
| &nbsp;&nbsp;&nbsp; Series XX, 5.75%, 07/01/36<sup>(f)(g)</sup> | 860 | &nbsp;&nbsp; 606300 |
| &nbsp;&nbsp;&nbsp; Series XX, 5.25%, 07/01/40<sup>(f)(g)</sup> | 1020 | &nbsp;&nbsp; 719100 |
| Puerto Rico Electric Power Authority, Refunding RB<sup>(f)(g)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series AAA, 5.25%, 07/01/22 | 2545 | &nbsp;&nbsp; 1794225 |
| &nbsp;&nbsp;&nbsp; Series AAA, 5.25%, 07/01/29 | 95 | &nbsp;&nbsp; 66975 |
| &nbsp;&nbsp;&nbsp; Series UU, 0.00%, 07/01/17<sup>(b)</sup> | 60 | &nbsp;&nbsp; 42300 |
| &nbsp;&nbsp;&nbsp; Series UU, 0.00%, 07/01/18<sup>(b)</sup> | 55 | &nbsp;&nbsp; 38775 |
| &nbsp;&nbsp;&nbsp; Series UU, 0.00%, 07/01/20<sup>(b)</sup> | 495 | &nbsp;&nbsp; 348975 |
| &nbsp;&nbsp;&nbsp; Series UU, 1.00%, 07/01/31<sup>(b)</sup> | 580 | &nbsp;&nbsp; 408900 |
| &nbsp;&nbsp;&nbsp; Series ZZ, 5.25%, 07/01/19 | 455 | &nbsp;&nbsp; 320775 |
| &nbsp;&nbsp;&nbsp; Series ZZ, 5.00%, 12/29/49 | 145 | &nbsp;&nbsp; 102225 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Electric Power Authority, Refunding RB, <br> BAB, Series YY, 6.13%, 07/01/40<sup>(f)(g)</sup><br>| 1085 | &nbsp;&nbsp; 764925 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Puerto Rico (continued)** | **Puerto Rico (continued)** |  |
| &nbsp;&nbsp;&nbsp; Puerto Rico Industrial Tourist Educational Medical & <br> Envirml Ctl Facs Fing Authority, ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, 6.75%, 01/01/45 | 365 | &nbsp;&nbsp; $406554 |
| &nbsp;&nbsp;&nbsp; Series A-2, AMT, 6.50%, 01/01/42 | 275 | &nbsp;&nbsp; 306484 |
| &nbsp;&nbsp;&nbsp; Series A-2, AMT, 6.75%, 01/01/45 | 365 | &nbsp;&nbsp; 406554 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A-2, Convertible, Restructured, 4.33%, <br> 07/01/40<br>| 72 | &nbsp;&nbsp; 71184 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.75%, 07/01/53 | 2505 | &nbsp;&nbsp; 2388344 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.00%, 07/01/58 | 5390 | &nbsp;&nbsp; 5235334 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.54%, 07/01/53 | 21 | &nbsp;&nbsp; 19392 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.78%, 07/01/58 | 3118 | &nbsp;&nbsp; 2970487 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.33%, 07/01/40 | 714 | &nbsp;&nbsp; 705911 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 4.55%, 07/01/40 | 2402 | &nbsp;&nbsp; 2404462 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 0.00%, 07/01/29 | 200 | &nbsp;&nbsp; 180188 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 0.00%, 07/01/33 | 1023 | &nbsp;&nbsp; 786700 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 0.00%, 07/01/46 | 10753 | &nbsp;&nbsp; 3832837 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 0.00%, 07/01/46 | 883 | &nbsp;&nbsp; 314740 |
|  |  | &nbsp;&nbsp; 68791704 |
| **Rhode Island — 0.3%** | **Rhode Island — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Central Falls Detention Facility Corp., Refunding RB, <br> 7.25%, 07/15/35<sup>(f)(g)</sup><br>| 4190 | &nbsp;&nbsp; 1634100 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., RB, CAB, Series A, <br> 0.00%, 06/01/52<sup>(d)</sup><br>| 2060 | &nbsp;&nbsp; 276027 |
|  |  | &nbsp;&nbsp; 1910127 |
| **South Carolina — 1.7%** | **South Carolina — 1.7%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, RB, Series A1, <br> 5.25%, 10/01/54<sup>(b)</sup><br>| 3110 | &nbsp;&nbsp; 3334435 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/01/56 | 1600 | &nbsp;&nbsp; 1626217 |
| &nbsp;&nbsp;&nbsp; 7.50%, 08/15/62<sup>(c)</sup> | 830 | &nbsp;&nbsp; 742627 |
| &nbsp;&nbsp;&nbsp; Series A, 5.63%, 10/01/50 | 600 | &nbsp;&nbsp; 601234 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB, M/F Housing, Series A, 6.75%, 12/01/60<sup>(c)</sup><br>| 2140 | &nbsp;&nbsp; 2116601 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> Refunding RB, Series A, 5.00%, 05/01/43<br>| 1110 | &nbsp;&nbsp; 1129656 |
|  |  | &nbsp;&nbsp; 9550770 |
| **Tennessee — 2.4%** | **Tennessee — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; Memphis-Shelby County Airport Authority, ARB, Series A, <br> AMT, 5.00%, 07/01/45<br>| 3000 | &nbsp;&nbsp; 3068092 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Fcilities Board, Refunding RB, <br> 4.00%, 10/01/49<br>| 290 | &nbsp;&nbsp; 237946 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Industrial Development Board, SAB, CAB, 0.00%, <br> 06/01/43<sup>(c)(d)</sup><br>| 3560 | &nbsp;&nbsp; 1600577 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Sports Authority, RB, Series A, Senior Lien, (AGM), <br> 5.25%, 07/01/48<br>| 2195 | &nbsp;&nbsp; 2323799 |
| Metropolitan Nashville Airport Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.25%, 07/01/56 | 1000 | &nbsp;&nbsp; 1027821 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.50%, 07/01/56 | 1800 | &nbsp;&nbsp; 1888662 |
| Tennergy Corp., RB, Series A, 5.50%, 10/01/53<sup>(b)</sup> | 3270 | &nbsp;&nbsp; 3474888 |
|  |  | &nbsp;&nbsp; 13621785 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas — 10.8%** | **Texas — 10.8%** |  |
| &nbsp;&nbsp;&nbsp; Alamo Heights Independent School District, GO, (BAM-<br> TCRS), 4.00%, 02/01/51<br>| $610 | &nbsp;&nbsp; $558813 |
| &nbsp;&nbsp;&nbsp; Angelina & Neches River Authority, RB, Series A, AMT, <br> 7.50%, 12/01/45<sup>(c)(f)(g)</sup><br>| 1050 | &nbsp;&nbsp; 52500 |
| Arlington Higher Education Finance Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/62<sup>(c)(f)(g)</sup> | 230 | &nbsp;&nbsp; 115000 |
| &nbsp;&nbsp;&nbsp; 7.88%, 11/01/62<sup>(c)(f)(g)</sup> | 760 | &nbsp;&nbsp; 456000 |
| &nbsp;&nbsp;&nbsp; Series A, 5.75%, 08/15/62 | 500 | &nbsp;&nbsp; 260000 |
| &nbsp;&nbsp;&nbsp; Central Texas Regional Mobility Authority, Refunding <br> RB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/28 | 1000 | &nbsp;&nbsp; 951279 |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/29 | 2000 | &nbsp;&nbsp; 1843671 |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/30 | 1170 | &nbsp;&nbsp; 1044651 |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/33 | 3690 | &nbsp;&nbsp; 2943491 |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/34 | 4000 | &nbsp;&nbsp; 3055400 |
| City of Anna Texas, SAB, 5.75%, 09/15/54<sup>(c)</sup> | 445 | &nbsp;&nbsp; 450566 |
| City of Buda Texas, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/01/55 | 575 | &nbsp;&nbsp; 570661 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/01/55 | 1145 | &nbsp;&nbsp; 1136963 |
| City of Celina Texas, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/45 | 100 | &nbsp;&nbsp; 101435 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/01/55 | 140 | &nbsp;&nbsp; 139597 |
| City of Corpus Christi Texas, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/15/31 | 200 | &nbsp;&nbsp; 206775 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/44 | 298 | &nbsp;&nbsp; 302657 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/15/54 | 403 | &nbsp;&nbsp; 404425 |
| City of Crandall Texas, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/45 | 175 | &nbsp;&nbsp; 176171 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/15/55 | 375 | &nbsp;&nbsp; 375271 |
| City of Fate Texas, SAB, 5.75%, 08/15/54<sup>(c)</sup> | 110 | &nbsp;&nbsp; 110911 |
| City of Friendswood Texas, SAB, 7.00%, 09/15/54 | 1151 | &nbsp;&nbsp; 1160049 |
| City of Houston Texas Airport System Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 4.00%, 07/15/41 | 3350 | &nbsp;&nbsp; 3102569 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.50%, 07/15/38 | 710 | &nbsp;&nbsp; 756008 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding ARB, Series A, AMT, Subordinate Lien, <br> (SAW), 5.25%, 07/01/48<br>| 340 | &nbsp;&nbsp; 353087 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 07/01/29 | 4700 | &nbsp;&nbsp; 4704976 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.00%, 07/15/27 | 1615 | &nbsp;&nbsp; 1640434 |
| City of Kyle Texas, SAB, 5.75%, 09/01/56 | 1100 | &nbsp;&nbsp; 1090072 |
| City of Oak Point Texas, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 09/15/44 | 200 | &nbsp;&nbsp; 201008 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/54 | 340 | &nbsp;&nbsp; 328162 |
| City of Pilot Point Texas, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/15/46 | 300 | &nbsp;&nbsp; 301999 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/46 | 150 | &nbsp;&nbsp; 150961 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/56 | 400 | &nbsp;&nbsp; 399800 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/56 | 150 | &nbsp;&nbsp; 149926 |
| City of Princeton Texas, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 09/01/31 | 47 | &nbsp;&nbsp; 47197 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/44 | 100 | &nbsp;&nbsp; 100751 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/01/44 | 150 | &nbsp;&nbsp; 150676 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/01/54 | 200 | &nbsp;&nbsp; 197871 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/01/54 | 247 | &nbsp;&nbsp; 247274 |
| City of San Marcos Texas, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/32 | 100 | &nbsp;&nbsp; 97428 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/01/51 | 480 | &nbsp;&nbsp; 420236 |
| City of Seagoville Texas, SAB, 6.00%, 09/15/54<sup>(c)</sup> | 295 | &nbsp;&nbsp; 302684 |
| City of Sinton Texas, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/01/42 | 858 | &nbsp;&nbsp; 863958 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| City of Sinton Texas, SAB<sup>(c)</sup> (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/01/51 | 1195 | &nbsp;&nbsp; $1182046 |
| City of Terrell Texas, SAB, 7.00%, 09/15/55<sup>(c)</sup> | 1195 | &nbsp;&nbsp; 1222435 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp., RB, Series A, <br> 6.00%, 06/15/54<sup>(c)</sup><br>| 400 | &nbsp;&nbsp; 372831 |
| &nbsp;&nbsp;&nbsp; Club Municipal Management District No. 1, SAB, 5.38%, <br> 09/01/55<sup>(c)</sup><br>| 320 | &nbsp;&nbsp; 315808 |
| County of Denton Texas, SAB, 5.88%, 12/31/45<sup>(c)</sup> | 520 | &nbsp;&nbsp; 537602 |
| &nbsp;&nbsp;&nbsp; Dallas Independent School District, Refunding GO, <br> (AGM), 4.00%, 02/15/53<br>| 500 | &nbsp;&nbsp; 455872 |
| &nbsp;&nbsp;&nbsp; Del Valle Independent School District Texas, GO, (GTD), <br> 4.00%, 06/15/47<br>| 810 | &nbsp;&nbsp; 763275 |
| &nbsp;&nbsp;&nbsp; Eagle Mountain & Saginaw Independent School District, <br> GO, (FNMA), 4.00%, 08/15/54<br>| 210 | &nbsp;&nbsp; 188517 |
| &nbsp;&nbsp;&nbsp; Midland County Fresh Water Supply District No. 1, RB, <br> CAB, Series A, 0.00%, 09/15/27<sup>(d)(h)</sup><br>| 5200 | &nbsp;&nbsp; 3057519 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/01/60 | 2500 | &nbsp;&nbsp; 2504058 |
| &nbsp;&nbsp;&nbsp; Series A, 6.75%, 10/01/52 | 2250 | &nbsp;&nbsp; 2310357 |
| &nbsp;&nbsp;&nbsp; New Hope Higher Education Finance Corp., RB, <br> Series A, 5.75%, 06/15/51<sup>(c)</sup><br>| 1650 | &nbsp;&nbsp; 1224989 |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority, Refunding RB, 4.25%, <br> 01/01/49<br>| 890 | &nbsp;&nbsp; 819793 |
| &nbsp;&nbsp;&nbsp; Port Arthur Housing Authority, RB, M/F Housing, <br> Subordinate, 7.50%, 10/01/36<sup>(c)</sup><br>| 595 | &nbsp;&nbsp; 580666 |
| Port of Beaumont Navigation District, Refunding RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 3.63%, 01/01/35 | 1430 | &nbsp;&nbsp; 1299735 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.00%, 01/01/50 | 2890 | &nbsp;&nbsp; 2205223 |
| &nbsp;&nbsp;&nbsp; San Antonio Education Facilities Corp., RB, Series A, <br> 5.00%, 10/01/41<br>| 85 | &nbsp;&nbsp; 79046 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., RB, 5.00%, 11/15/51<br>| 310 | &nbsp;&nbsp; 318823 |
| &nbsp;&nbsp;&nbsp; Texas Community Housing & Economic Development <br> Corp., RB, M/F Housing, Series A1, Senior Lien, <br> 6.25%, 01/01/65<sup>(c)</sup><br>| 2205 | &nbsp;&nbsp; 2053322 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp. III, <br> Refunding RB, 5.00%, 12/15/32<br>| 2160 | &nbsp;&nbsp; 2315877 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation <br> Corp., RB, AMT, Senior Lien, 5.50%, 12/31/58<br>| 3955 | &nbsp;&nbsp; 4073092 |
| &nbsp;&nbsp;&nbsp; Texas Transportation Commission State Highway <br> 249 System, RB, CAB, 0.00%, 08/01/43<sup>(d)</sup><br>| 2205 | &nbsp;&nbsp; 960539 |
| Texas Water Development Board, RB, 4.45%, 10/15/36 | 170 | &nbsp;&nbsp; 181163 |
|  |  | &nbsp;&nbsp; 61045951 |
| **Utah — 2.0%** | **Utah — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; Black Desert Public Infrastructure District, SAB, 5.63%, <br> 12/01/53<sup>(c)</sup><br>| 775 | &nbsp;&nbsp; 788213 |
| County of Utah, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 3.00%, 05/15/50 | 1000 | &nbsp;&nbsp; 735505 |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, 05/15/47 | 750 | &nbsp;&nbsp; 678684 |
| &nbsp;&nbsp;&nbsp; Downtown Revitalization Public Infrastructure District, <br> RB, Series B, 2nd Lien, (FNMA), 5.50%, 06/01/55<br>| 175 | &nbsp;&nbsp; 187357 |
| &nbsp;&nbsp;&nbsp; MIDA Mountain Veterans Program Public Infrastructure <br> District, TA, 5.20%, 06/01/54<sup>(c)</sup><br>| 620 | &nbsp;&nbsp; 621259 |
| Mida Mountain Village Public Infrastructure District, TA<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 1, 5.50%, 06/01/55 | 1000 | &nbsp;&nbsp; 1004105 |
| &nbsp;&nbsp;&nbsp; Series 1, Subordinate, 5.13%, 06/15/54 | 1495 | &nbsp;&nbsp; 1499464 |
| &nbsp;&nbsp;&nbsp; Ridges Estates Infrastructure Financing District, SAB, <br> 12/01/53<sup>(c)</sup><br>| 2303 | &nbsp;&nbsp; 2378873 |
| &nbsp;&nbsp;&nbsp; SkyRidge Pegasus Infrastructure Financing District, <br> SAB, 5.25%, 12/01/44<sup>(c)</sup><br>| 2015 | &nbsp;&nbsp; 2029437 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Utah (continued)** | **Utah (continued)** |  |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, RB, Series A, <br> 5.00%, 06/15/52<sup>(c)</sup><br>| 695 | &nbsp;&nbsp; $574416 |
| Utah Infrastructure Agency, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/44 | 215 | &nbsp;&nbsp; 226049 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/48 | 200 | &nbsp;&nbsp; 205160 |
| &nbsp;&nbsp;&nbsp; Wood Ranch Public Infrastructure District, SAB, 5.63%, <br> 12/01/53<sup>(c)</sup><br>| 177 | &nbsp;&nbsp; 179007 |
|  |  | &nbsp;&nbsp; 11107529 |
| **Vermont — 0.6%** | **Vermont — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; East Central Vermont Telecommunications District, RB, <br> Series A, 4.50%, 12/01/44<sup>(c)</sup><br>| 4000 | &nbsp;&nbsp; 3368985 |
| **Virginia — 2.4%** | **Virginia — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; Ballston Quarter Community Development Authority, TA, <br> Series A-1, 5.50%, 03/01/46<br>| 267 | &nbsp;&nbsp; 264078 |
| &nbsp;&nbsp;&nbsp; Ballston Quarter Community Development Authority, TA, <br> CAB, Series A-2, 7.13%, 03/01/59<br>| 640 | &nbsp;&nbsp; 593620 |
| &nbsp;&nbsp;&nbsp; Hampton Roads Transportation Accountability <br> Commission, RB, Series A, Senior Lien, 4.00%, <br> 07/01/55<br>| 2680 | &nbsp;&nbsp; 2383366 |
| &nbsp;&nbsp;&nbsp; James City County Economic Development Authority, <br> RB, Series A, 6.88%, 12/01/58<br>| 780 | &nbsp;&nbsp; 849373 |
| &nbsp;&nbsp;&nbsp; Lower Magnolia Green Community Development <br> Authority, SAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/35 | 435 | &nbsp;&nbsp; 435101 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/45 | 475 | &nbsp;&nbsp; 473272 |
| Norfolk Redevelopment & Housing Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 01/01/29 | 185 | &nbsp;&nbsp; 185199 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/49 | 1410 | &nbsp;&nbsp; 1321235 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series B-1, 5.00%, 06/01/47<br>| 3045 | &nbsp;&nbsp; 2547437 |
| Virginia Beach Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 09/01/53 | 840 | &nbsp;&nbsp; 919876 |
| &nbsp;&nbsp;&nbsp; Series B3, 5.38%, 09/01/29 | 580 | &nbsp;&nbsp; 583193 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority, RB, M/F <br> Housing, Series G, 4.90%, 11/01/42<br>| 500 | &nbsp;&nbsp; 521784 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority, RB, AMT, <br> 5.00%, 12/31/56<br>| 2000 | &nbsp;&nbsp; 1933411 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority, Refunding <br> RB, AMT, Senior Lien, 4.00%, 01/01/48<br>| 840 | &nbsp;&nbsp; 749905 |
|  |  | &nbsp;&nbsp; 13760850 |
| **Washington — 1.4%** | **Washington — 1.4%** |  |
| &nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/01/44 | 485 | &nbsp;&nbsp; 495159 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 09/01/55 | 900 | &nbsp;&nbsp; 947086 |
| Washington State Housing Finance Commission, RB |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/01/59<sup>(c)</sup> | 100 | &nbsp;&nbsp; 101198 |
| &nbsp;&nbsp;&nbsp; 05/01/66<sup>(e)</sup> | 1145 | &nbsp;&nbsp; 1146448 |
| &nbsp;&nbsp;&nbsp; Series A, 5.75%, 01/01/53<sup>(c)</sup> | 375 | &nbsp;&nbsp; 363616 |
| &nbsp;&nbsp;&nbsp; Series A, 5.88%, 01/01/59<sup>(c)</sup> | 225 | &nbsp;&nbsp; 219017 |
| &nbsp;&nbsp;&nbsp; Series B2, 3.95%, 07/01/29<sup>(c)</sup> | 1460 | &nbsp;&nbsp; 1460123 |
| &nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/01/35<sup>(c)</sup> | 315 | &nbsp;&nbsp; 315051 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/01/45<sup>(c)</sup> | 850 | &nbsp;&nbsp; 850003 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/48 | 435 | &nbsp;&nbsp; 430577 |
| &nbsp;&nbsp;&nbsp; Series C-3, 6.25%, 01/01/56 | 1700 | &nbsp;&nbsp; 1718485 |
|  |  | &nbsp;&nbsp; 8046763 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **West Virginia — 0.3%** | **West Virginia — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Morgantown Utility Board, Inc., RB, Series B, 4.00%, <br> 12/01/48<br>| $1895 | &nbsp;&nbsp; $1723575 |
| **Wisconsin — 11.4%** | **Wisconsin — 11.4%** |  |
| Public Finance Authority, ARB, AMT, 4.25%, 07/01/54 | 1595 | &nbsp;&nbsp; 1325239 |
| Public Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/31<sup>(c)(f)(g)</sup> | 895 | &nbsp;&nbsp; 89500 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/15/32<sup>(c)</sup> | 1766 | &nbsp;&nbsp; 1765977 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/15/33<sup>(c)</sup> | 4263 | &nbsp;&nbsp; 4258863 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/41<sup>(c)</sup> | 510 | &nbsp;&nbsp; 460845 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/01/47<sup>(c)(f)(g)</sup> | 895 | &nbsp;&nbsp; 89500 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/49 | 530 | &nbsp;&nbsp; 508675 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/53 | 355 | &nbsp;&nbsp; 334238 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/54<sup>(c)</sup> | 1705 | &nbsp;&nbsp; 1718134 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/55<sup>(c)</sup> | 1335 | &nbsp;&nbsp; 1059878 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/56<sup>(c)</sup> | 2180 | &nbsp;&nbsp; 1819539 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 06/15/56<sup>(c)</sup> | 725 | &nbsp;&nbsp; 611014 |
| &nbsp;&nbsp;&nbsp; Class A, 6.45%, 04/01/60<sup>(c)</sup> | 575 | &nbsp;&nbsp; 565459 |
| &nbsp;&nbsp;&nbsp; Series A, 7.75%, 07/01/43<sup>(c)</sup> | 4460 | &nbsp;&nbsp; 3747280 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/15/44<sup>(c)</sup> | 160 | &nbsp;&nbsp; 155014 |
| &nbsp;&nbsp;&nbsp; Series A, 6.85%, 11/01/46<sup>(c)(f)(g)</sup> | 900 | &nbsp;&nbsp; 315000 |
| &nbsp;&nbsp;&nbsp; Series A, 7.00%, 11/01/46<sup>(c)(f)(g)</sup> | 570 | &nbsp;&nbsp; 199500 |
| &nbsp;&nbsp;&nbsp; Series A, 5.63%, 06/15/49<sup>(c)</sup> | 2800 | &nbsp;&nbsp; 2530775 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 12/01/51<sup>(c)(f)(g)</sup> | 1470 | &nbsp;&nbsp; 943802 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/55<sup>(c)</sup> | 4030 | &nbsp;&nbsp; 3182185 |
| &nbsp;&nbsp;&nbsp; Series A, 4.75%, 06/15/56<sup>(c)</sup> | 3680 | &nbsp;&nbsp; 3122153 |
| &nbsp;&nbsp;&nbsp; Series A, 7.50%, 07/01/59<sup>(c)</sup> | 4100 | &nbsp;&nbsp; 4532904 |
| &nbsp;&nbsp;&nbsp; Series A, 7.25%, 01/01/61<sup>(c)</sup> | 2795 | &nbsp;&nbsp; 2961682 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.50%, 01/01/35<sup>(c)</sup> | 1545 | &nbsp;&nbsp; 1514772 |
| &nbsp;&nbsp;&nbsp; Series A-4, 5.50%, 11/15/32<sup>(c)</sup> | 3169 | &nbsp;&nbsp; 3170498 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 01/01/35<sup>(c)(d)</sup> | 2240 | &nbsp;&nbsp; 1349139 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 01/01/60<sup>(c)(d)</sup> | 51965 | &nbsp;&nbsp; 4600799 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 12/31/65 | 2525 | &nbsp;&nbsp; 2580986 |
| &nbsp;&nbsp;&nbsp; AMT, 6.50%, 12/31/65 | 2100 | &nbsp;&nbsp; 2309945 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 4.00%, 09/30/51 | 1500 | &nbsp;&nbsp; 1253941 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 4.00%, 03/31/56 | 1435 | &nbsp;&nbsp; 1165289 |
| Public Finance Authority, RB, CAB<sup>(c)(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 12/15/38 | 1000 | &nbsp;&nbsp; 460725 |
| &nbsp;&nbsp;&nbsp; 0.00%, 12/15/42 | 3195 | &nbsp;&nbsp; 995228 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 01/01/61 | 6410 | &nbsp;&nbsp; 528089 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, RB, M/F Housing, Series A, <br> Subordinate, 7.13%, 07/01/65<sup>(c)</sup><br>| 1175 | &nbsp;&nbsp; 1165987 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, RB, <br> Series A, 5.75%, 08/15/59<br>| 4700 | &nbsp;&nbsp; 4829745 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/46 | 1145 | &nbsp;&nbsp; 1067584 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/01/47 | 910 | &nbsp;&nbsp; 772157 |
|  |  | &nbsp;&nbsp; 64062040 |
| **Wyoming — 0.3%** | **Wyoming — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; University of Wyoming, RB, Series C, (GNMA), 4.00%, <br> 06/01/51<br>| 1845 | &nbsp;&nbsp; 1653140 |
| **Total Municipal Bonds — 137.7%** <br>**(Cost: $802,197,320)** | **Total Municipal Bonds — 137.7%** <br>**(Cost: $802,197,320)** | &nbsp;&nbsp; 776428690 |
| **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, RB, Series C-1, 5.25%, <br> 02/01/53<br>| 6194 | &nbsp;&nbsp; 6489789 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Illinois — 1.8%** | **Illinois — 1.8%** |  |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport, Refunding ARB, <br> Series A, AMT, Senior Lien, 5.50%, 01/01/59<br>| $10000 | &nbsp;&nbsp; $10324359 |
| **New York — 3.9%** | **New York — 3.9%** |  |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp., RB, M/F <br> Housing, Series D-1B, Sustainability Bonds, 4.25%, <br> 11/01/45<br>| 9000 | &nbsp;&nbsp; 8999902 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Series H-1, Subordinate, <br> 5.00%, 11/01/50<br>| 6780 | &nbsp;&nbsp; 6984665 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series A, 5.00%, 03/15/54<sup>(k)</sup><br>| 4577 | &nbsp;&nbsp; 4707284 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, ARB, <br> Series 221, AMT, 4.00%, 07/15/55<br>| 1720 | &nbsp;&nbsp; 1511055 |
|  |  | &nbsp;&nbsp; 22202906 |
| **Pennsylvania — 0.3%** | **Pennsylvania — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Pennsylvania Water & Wastewater <br> Revenue, Refunding RB, Series B, (FHLMC, FNMA, <br> GNMA), 5.50%, 09/01/53<br>| 1601 | &nbsp;&nbsp; 1708846 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 7.2%** <br>**(Cost: $40,719,206)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 7.2%** <br>**(Cost: $40,719,206)** | &nbsp;&nbsp; 40725900 |

---

&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>(a)(g)</sup><br>| 121978 | &nbsp;&nbsp; 213462 |
| **Total Warrants — 0.0%** <br>**(Cost: $—)** | **Total Warrants — 0.0%** <br>**(Cost: $—)** | &nbsp;&nbsp; 213462 |
| **Total Long-Term Investments — 145.3%** <br>**(Cost: $844,486,526)** | **Total Long-Term Investments — 145.3%** <br>**(Cost: $844,486,526)** | &nbsp;&nbsp; 819241107 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.7%** | **Money Market Funds — 1.7%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 3.31%<sup>(l)(m)</sup><br>| 9298795 | &nbsp;&nbsp; $9299725 |
| **Total Short-Term Securities — 1.7%** <br>**(Cost: $9,299,725)** | **Total Short-Term Securities — 1.7%** <br>**(Cost: $9,299,725)** | &nbsp;&nbsp; 9299725 |
| **Total Investments — 147.0%** <br>**(Cost: $853,786,251)** | **Total Investments — 147.0%** <br>**(Cost: $853,786,251)** | &nbsp;&nbsp; 828540832 |
| **Liabilities in Excess of Other Assets — (11.4)%** | **Liabilities in Excess of Other Assets — (11.4)%** | &nbsp;&nbsp; (64011458)<br>|
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (4.6)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (4.6)%** | &nbsp;&nbsp; (25772835)<br>|
| **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(31.0)%** | **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(31.0)%** | &nbsp;&nbsp; (174949563)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $563806976 |

---

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

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

<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. 

<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> Zero-coupon bond.

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

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

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

<sup>(h)</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>(i)</sup> Rounds to less than 1,000.

<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> All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreement, which expires on March 15, 2033, is $3,550,052. 

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

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

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 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>*07/31/25*<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>*04/30/26*<br>| *Shares* <br>*Held at* <br>*04/30/26*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares | $2459847<br> $6839878 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $9299725 | 9298795 | $109289 | $— |

---

&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

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**BlackRock MuniAssets Fund, Inc. (MUA)** 

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

&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.

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; Common Stocks | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $317535 | &nbsp;&nbsp;&nbsp;&nbsp; $317535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1555520 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1555520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 776428690 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 776428690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 40725900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 40725900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 213462 | &nbsp;&nbsp;&nbsp;&nbsp; 213462 |
| &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; 9299725 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9299725 |
|  | &nbsp;&nbsp; $9299725 | &nbsp;&nbsp;&nbsp;&nbsp; $818710110 | &nbsp;&nbsp;&nbsp;&nbsp; $530997 | &nbsp;&nbsp;&nbsp;&nbsp; $828540832 |

---

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, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TOB Trust Certificates | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(25542450)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(25542450)<br>|
| &nbsp;&nbsp;&nbsp; VRDP Shares at Liquidation Value | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (251000000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (251000000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(276542450)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(276542450)<br>|

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AMBAC | AMBAC Assurance Corp. |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |
| BAB | Build America Bond |
| BAM-TCRS | &nbsp;&nbsp;&nbsp; Build America Mutual Assurance Co. - Transferable <br> Custodial Receipts<br>|
| CAB | Capital Appreciation Bonds |
| 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 | Guaranteed |
| HUD SECT 8 | &nbsp;&nbsp;&nbsp; U.S. Department of Housing and Urban Development <br> Section 8<br>|

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| M/F | Multi-Family |
| NPFGC | National Public Finance Guarantee Corp. |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |
| S/F | Single-Family |
| SAB | Special Assessment Bonds |
| SAN | State Aid Notes  |
| SAW | State Aid Withholding |
| ST | Special Tax |
| 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 MuniAssets Fund, Inc.

- **b. Investment Company Act file number:** 811-07642

- **c. CIK number of Registrant:** 0000901243

- **d. LEI of Registrant:** UJYLDIG1NIEEIV3PO802

- **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 MuniAssets Fund, Inc.

- **c. LEI of Series:** UJYLDIG1NIEEIV3PO802

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

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

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $848764727.06

**Total Liabilities:** $284951813.62

**Net Assets:** $563812913.44

**Delayed Delivery Securities:** $3107798.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 24510.52000000 | **1-Year:** 5935.00000000 | **5-Year:** 83912.01000000 | **10-Year:** 47758.78000000 | **30-Year:** 100425.17000000

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

- **3-Month:** 7241.08000000 | **1-Year:** 9559.40000000 | **5-Year:** 74098.69000000 | **10-Year:** 137852.41000000 | **30-Year:** 177453.36000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.93%                | -3.25%               | 2.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-97086.07               | $4477208.01                                |
| Month 2  | $-221971.83              | $-20846827.19                              |
| Month 3  | $22632.52                | $9311397.01                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    530000 | PA      | $562337.63    | 0.10%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                 | BALLSTON QUARTER CMNTY DEV AUTH VA REVENUE                   | CUSIP: 058696AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $593619.97    | 0.11%             | 2059-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $350509.63    | 0.06%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TIMBERHP BY GO LAB INC                                                           | TIMBERHP BY GO LAB INC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    169805 | NS      | $317535.35    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                       | CUSIP: 72177MUQ8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2510000 | PA      | $1891646.94   | 0.34%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KBS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $981033.78    | 0.17%             | 2039-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | CELINA TX SPL ASSESSMENT REVENUE                             | CUSIP: 15114CKR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $139597.15    | 0.02%             | 2055-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YBT1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    295000 | PA      | $207975.00    | 0.04%             | 2018-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Broward Hospital District                                                  | SOUTH BROWARD FL HOSP DIST                                   | CUSIP: 836753NP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $524969.28    | 0.09%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10324359.00  | 1.83%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    883000 | PA      | $314739.61    | 0.06%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3055399.60   | 0.54%             | 2034-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Greenbriar Community Development District                                        | GREENBRIAR CDD FL SPL ASSMNT REVENUE                         | CUSIP: 39364TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275658.98    | 0.05%             | 2054-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REVENUE             | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3995000 | PA      | $3703615.49   | 0.66%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GZ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    725000 | PA      | $611013.54    | 0.11%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Milton DE                                                                | MILTON DE SPL OBLIG                                          | CUSIP: 601792AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152576.37    | 0.03%             | 2044-09-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                           | PILOT POINT TX SPL ASSMNT REVENUE                            | CUSIP: 721614BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149926.25    | 0.03%             | 2056-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE        | CUSIP: 34077UAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087549.80   | 0.37%             | 2055-11-15      | Fixed         | 6.75%                 | 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        |   1935000 | PA      | $1976903.39   | 0.35%             | 2055-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEN1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     89721 | PA      | $63253.31     | 0.01%             | 2020-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE WEST EQ WARRANTS                                                      | BRIGHTLINE WEST EQ WARRANTS                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    121978 | NS      | $213461.50    | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| San Marcos Unified School District                                               | SAN MARCOS CA UNIF SCH DIST                                  | CUSIP: 798755DG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3725000 | PA      | $2363088.97   | 0.42%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of Wyoming                                                            | UNIV OF WYOMING WY UNIV REVENUES                             | CUSIP: 915268J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1653139.93   | 0.29%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4695000 | PA      | $4755402.11   | 0.84%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                              | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                 | CUSIP: 903768AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $701081.78    | 0.12%             | 2059-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1640433.50   | 0.29%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ECON ACTIVITY TAX REVENUE       | CUSIP: 48502MAA1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    505000 | PA      | $508696.25    | 0.09%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poitras East Community Development District                                      | POITRAS EAST CDD FL SPL ASSMNT REVENUE                       | CUSIP: 73086BAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $960127.19    | 0.17%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH EDUCTNL FACS REVENUE                        | CUSIP: 45470EET8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253231.58    | 0.04%             | 2045-10-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE        | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3432072.41   | 0.61%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Trout Creek Community Development District                                       | TROUT CREEK CDD FL CAPITAL IMPT REVENUE                      | CUSIP: 897188AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $439081.86    | 0.08%             | 2038-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1761096.65   | 0.31%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PA70<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4460000 | PA      | $3747279.96   | 0.66%             | 2043-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| City of Marion IL Sales Tax Revenue                                              | MARION IL SALES TAX REVENUE                                  | CUSIP: 569498AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $979240.31    | 0.17%             | 2045-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Omaha Airport Authority                                                          | OMAHA NE ARPT AUTH                                           | CUSIP: 681725NL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284219.76    | 0.05%             | 2054-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Elbert County Independence Water & Sanitation District                           | INDEPENDENCE WTR & SANTN DIST CO SPL REVENUE                 | CUSIP: 45380AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034288.90   | 0.18%             | 2033-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                  | KYLE TX SPL ASSMNT REVENUE                                   | CUSIP: 50156CCD0<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1090071.84   | 0.19%             | 2056-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4495000 | PA      | $4657688.43   | 0.83%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDR5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  22860000 | PA      | $1957570.38   | 0.35%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hope Higher Education Finance Corp                                           | NEW HOPE TX HGR EDU FIN CORP EDU REVENUE                     | CUSIP: 645438AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1224989.21   | 0.22%             | 2051-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     21000 | PA      | $19392.08     | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YAF2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    323010 | PA      | $239834.93    | 0.04%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65890.10     | 0.01%             | 2048-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DPV2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1067584.26   | 0.19%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Solaeris Community Development District                                          | SOLAERIS CDD FL SPL ASSMNT                                   | CUSIP: 83409XAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $899198.55    | 0.16%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hammock Oaks Community Development District                                      | HAMMOCK OAKS CDD FL ASSMNT                                   | CUSIP: 40834PAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $349583.38    | 0.06%             | 2044-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE             | CUSIP: 873816AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $365239.05    | 0.06%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $580048.59    | 0.10%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YBV6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    145000 | PA      | $102225.00    | 0.02%             | 2017-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                                | TULSA CNTY OK INDL AUTH SENIOR LIVING CMNTY REVENUE          | CUSIP: 899530BA6<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    925000 | PA      | $927772.78    | 0.16%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH                                            | CUSIP: 56042BCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $259633.63    | 0.05%             | 2032-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFR1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     75095 | PA      | $55758.04     | 0.01%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE             | CUSIP: 917467DC3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205159.76    | 0.04%             | 2048-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036AP1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1862465.25   | 0.33%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority             | MET GOVT NASHVILLE & DAVIDSONCNTY TN SPORTS AUTH             | CUSIP: 592090JY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2323798.65   | 0.41%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                  | CUSIP: 68608JXH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25309.65     | 0.00%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2157416.40   | 0.38%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                         | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $424561.66    | 0.08%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFE0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3295000 | PA      | $2322975.00   | 0.41%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI MF HSG REVENUE                            | CUSIP: 74441XJH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1165986.81   | 0.21%             | 2065-07-01      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505A71<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1808326.37   | 0.32%             | 2044-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ENVRNMNTL REVENUE                        | CUSIP: 455054BD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1753441.52   | 0.31%             | 2039-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE              | CUSIP: 13034DBV5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1368551.38   | 0.24%             | 2036-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2467034.23   | 0.44%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                    | DOYLESTOWN PA HOSP AUTH                                      | CUSIP: 261333HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $301083.75    | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kissimmee Park Community Development District                                    | KISSIMMEE PARK CDD FL CAPITAL IMPT REVENUE                   | CUSIP: 497859AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $474985.28    | 0.08%             | 2045-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                  | CUSIP: 56678PBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5155000 | PA      | $3628025.08   | 0.64%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Independence Metropolitan District No 3                                          | INDEPENDENCE MET DIST #3 CO                                  | CUSIP: 453625AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995688.90    | 0.18%             | 2054-12-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                         | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $620166.66    | 0.11%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2370971.05   | 0.42%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023840.50   | 0.89%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC | CUSIP: 74528LAB7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    275000 | PA      | $306484.01    | 0.05%             | 2042-01-01      | Fixed         | 6.50%                 | 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        |    710000 | PA      | $756007.93    | 0.13%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TEU6<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1067097.40   | 0.19%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EFW5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $3182185.53   | 0.56%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EFA3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2530774.96   | 0.45%             | 2049-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE               | CUSIP: 14043FAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $197878.43    | 0.04%             | 2044-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Buckhead Trails Community Development District                                   | BUCKHEAD TRAILS CDD FL SPL ASSMNT                            | CUSIP: 11836UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $553361.88    | 0.10%             | 2052-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION         | CUSIP: 409328AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2383366.34   | 0.42%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2125564.01   | 0.38%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    285000 | PA      | $304251.12    | 0.05%             | 2054-07-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp                                            | SAN ANTONIO TX EDU FACS CORP REVENUE                         | CUSIP: 796247DX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $79045.84     | 0.01%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783SP2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    315000 | PA      | $315051.00    | 0.06%             | 2035-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6620000 | PA      | $6650016.40   | 1.18%             | 2060-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | BLACK DESERT PUB INFRASTRUCTURE DIST UT SPL ASSMNT           | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $788212.98    | 0.14%             | 2053-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483KT6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2280672.18   | 0.40%             | 2038-02-01      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Crosswinds East Community Development District                                   | CROSSWINDS EAST CDD FL SPL ASSMNT                            | CUSIP: 22769LAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $267868.73    | 0.05%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | PRINCETON TX SPL ASSMNT REVENUE                              | CUSIP: 742400CM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100750.71    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norfolk Redevelopment & Housing Authority                                        | NORFOLK VA REDEV & HSG AUTH REVENUE                          | CUSIP: 655909CM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1321234.58   | 0.23%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAC8<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1299734.72   | 0.23%             | 2035-01-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $477951.41    | 0.08%             | 2032-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1499464.37   | 0.27%             | 2054-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $465170.93    | 0.08%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trout Creek Community Development District                                       | TROUT CREEK CDD FL CAPITAL IMPT REVENUE                      | CUSIP: 897188AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101468.47    | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | PRINCETON TX SPL ASSMNT REVENUE                              | CUSIP: 742400CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150676.35    | 0.03%             | 2044-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH EDUCTNL FAC REVENUE                     | CUSIP: 452029AJ0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    505000 | PA      | $512346.44    | 0.09%             | 2035-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                               | NEW YORK CNTYS NY TOBACCO TRUST VI                           | CUSIP: 64945JAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $187134.67    | 0.03%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                               | NEW YORK CNTYS NY TOBACCO TRUST IV                           | CUSIP: 62947YAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4660000 | PA      | $4025615.56   | 0.71%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reflection Bay Community Development District                                    | REFLECTION BAY CDD FL SPL ASSMNT                             | CUSIP: 75865NAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154606.32    | 0.03%             | 2045-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TH30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $574415.83    | 0.10%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                  | CUSIP: 56678PAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375331.50    | 0.07%             | 2038-09-01      | Fixed         | 4.13%                 | 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        |    400000 | PA      | $240000.00    | 0.04%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BLP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1655018.48   | 0.29%             | 2055-01-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3855000 | PA      | $4063037.77   | 0.72%             | 2047-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504058.00   | 0.44%             | 2060-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Seminole County Industrial Development Authority                                 | SEMINOLE CNTY FL INDL DEV AUTH                               | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $904595.44    | 0.16%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TGB6<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306403.47    | 0.05%             | 2055-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| County of Hardin OH                                                              | HARDIN CNTY OH ECON DEV FACILITIES REVENUE                   | CUSIP: 412003AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $231981.22    | 0.04%             | 2040-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PRQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6410000 | PA      | $528089.13    | 0.09%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westchester Tobacco Asset Securitization Corp                                    | WESTCHESTER NY TOBACCO ASSET SECURITIZATION                  | CUSIP: 957480BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $961660.21    | 0.17%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Albany Capital Resource Corp                                                     | ALBANY NY CAPITAL RESOURCE CORP                              | CUSIP: 012432DS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845799 | PA      | $16915.97     | 0.00%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX                                                        | CORPUS CHRISTI TX SPL ASSMNT REVENUE                         | CUSIP: 220233AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206774.82    | 0.04%             | 2031-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    714000 | PA      | $705910.95    | 0.13%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1247729 | PA      | $1244787.71   | 0.22%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE                | CUSIP: 57420VRM7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    360000 | PA      | $353719.91    | 0.06%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230886.88    | 0.04%             | 2050-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1526826.80   | 0.27%             | 2055-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2318000 | PA      | $2318214.88   | 0.41%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hickory Chase Community Authority                                                | HICKORY CHASE OH CMNTY AUTH INFRASTRUCTURE IMPT REVENUE      | CUSIP: 428861AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $349585.14    | 0.06%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |         2 | PA      | $2.04         | 0.00%             | 2027-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $460725.40    | 0.08%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No 1                                              | BASELINE MET DIST #1 CO SPL REVENUE                          | CUSIP: 069826AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $694446.64    | 0.12%             | 2054-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 71885FFG7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1190879.16   | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FN50<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4911.43      | 0.00%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $187357.24    | 0.03%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Eagle Mountain & Saginaw Independent School District                             | EAGLE MOUNTAIN & SAGINAW TX INDEP SCH DIST                   | CUSIP: 269696SF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $188517.00    | 0.03%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                         | CLEVELAND-CUYAHOGA CNTY OH PORT AUTH LEASE REVENUE           | CUSIP: 18610RCG7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    575000 | PA      | $573258.79    | 0.10%             | 2049-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | DENTON CNTY TX SPL ASSMNT REVENUE                            | CUSIP: 24880GAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $537601.90    | 0.10%             | 2045-12-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                             | BABCOCK RANCH CMNTY INDEP SPL DIST FL SPL ASSMNT REVENUE     | CUSIP: 05616KBS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $366643.62    | 0.07%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ormond Crossings West Community Development District                             | ORMAND CROSSINGS FL W CDD                                    | CUSIP: 68682AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399592.60    | 0.07%             | 2047-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL HLTH CARE FACS REVENUE                 | CUSIP: 14055GAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1351517.94   | 0.24%             | 2057-07-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3985000 | PA      | $3877647.69   | 0.69%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4704976.36   | 0.83%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Henderson KY                                                             | HENDERSON KY EXEMPT FACS REVENUE                             | CUSIP: 425099AD0<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1970406.20   | 0.35%             | 2042-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| City of Sinton TX                                                                | SINTON TX SPL ASSMNT REVENUE                                 | CUSIP: 829366AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1182046.44   | 0.21%             | 2051-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2388343.90   | 0.42%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cypress Creek Reserve Community Development District                             | CYPRESS CREEK RESERVE CDD FL SPL ASSMNT                      | CUSIP: 23274FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104531.75    | 0.02%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Coral Creek Community Development District                                       | CORAL CREEK CDD FL SPL ASSMNT REVENUE                        | CUSIP: 217766AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $292024.14    | 0.05%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PP66<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2961682.06   | 0.53%             | 2061-01-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Greenbriar Community Development District                                        | GREENBRIAR CDD FL SPL ASSMNT REVENUE                         | CUSIP: 39364TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $234696.07    | 0.04%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WEP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1794995.82   | 0.32%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parrish Lakes Community Development District                                     | PARRISH LAKES CDD CAPITAL IMPT REVENUE                       | CUSIP: 70183FAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $541062.45    | 0.10%             | 2054-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                           | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS               | CUSIP: 179093LF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $327723.65    | 0.06%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1475962.14   | 0.26%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5390000 | PA      | $5235333.95   | 0.93%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $228684.46    | 0.04%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $719100.00    | 0.13%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE             | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $919875.60    | 0.16%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Midtown Miami Community Development District                                     | MIDTOWN MIAMI FL CDD SPL ASSMNT REVENUE                      | CUSIP: 59807PAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $490420.16    | 0.09%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD CNTY FL HLTH FACS AUTH REVENUE                       | CUSIP: 107416PL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $428618.16    | 0.08%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2763333.61   | 0.49%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                           | PILOT POINT TX SPL ASSMNT REVENUE                            | CUSIP: 721614BL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301998.96    | 0.05%             | 2046-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PH32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1718134.13   | 0.30%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWP5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    145000 | PA      | $157474.86    | 0.03%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFD2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $941175.00    | 0.17%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Antillia Community Development District                                          | ANTILLIA CDD FL SPL ASSMNT                                   | CUSIP: 03706FAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98143.65     | 0.02%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1149660.17   | 0.20%             | 2059-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SW3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027820.70   | 0.18%             | 2056-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2937570 | PA      | $3175323.70   | 0.56%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                          | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                   | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $623407.13    | 0.11%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1196542.50   | 0.21%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Marion IL Sales Tax Revenue                                              | MARION IL SALES TAX REVENUE                                  | CUSIP: 569498AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1787522.64   | 0.32%             | 2055-06-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102335.01    | 0.02%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEP6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    200000 | PA      | $141000.00    | 0.03%             | 2017-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Malabar Springs Community Development District                                   | MALABAR SPRINGS CDD FL SPL ASSMNT                            | CUSIP: 560881AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $231708.46    | 0.04%             | 2044-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $243383.90    | 0.04%             | 2047-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1714408.69   | 0.30%             | 2048-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEA9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     95000 | PA      | $66975.00     | 0.01%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDUCTNL REVENUE                           | CUSIP: 74445GAR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    355000 | PA      | $334237.86    | 0.06%             | 2053-06-15      | 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: 837031J79<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1626217.44   | 0.29%             | 2056-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE              | CUSIP: 13034DBW3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    300000 | PA      | $297619.62    | 0.05%             | 2036-04-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UGX0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3054770.25   | 0.54%             | 2055-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UBP2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    835000 | PA      | $835830.66    | 0.15%             | 2034-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD CNTY FL HLTH FACS AUTH REVENUE                       | CUSIP: 107416PH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $523040.08    | 0.09%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Community Housing & Economic Development Corp                              | TEXAS CMNTY HSG & ECON DEV CORP RSDL DEV REVENUE             | CUSIP: 88231CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2053322.24   | 0.36%             | 2065-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Golden Gem Community Development District                                        | GOLDEN GEM CDD FL SPL ASSMNT REVENUE                         | CUSIP: 38105CAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2326563.28   | 0.41%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                          | KENTUCKY PUB TRANSPRTN INFRASTRUCTURE AUTH TOLL REVENUE      | CUSIP: 491397AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $634570.31    | 0.11%             | 2043-07-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Indio Finance Authority                                                          | INDIO CA PUBLIC FING AUTH                                    | CUSIP: 45571LDS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $599523.73    | 0.11%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                               | CUSIP: 74447TAG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4263000 | PA      | $4258862.76   | 0.76%             | 2033-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                              | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2309944.56   | 0.41%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Seagoville TX                                                            | SEAGOVILLE TX SPL ASSMNT REVENUE                             | CUSIP: 811829AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $302684.16    | 0.05%             | 2054-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102419.32    | 0.02%             | 2032-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418067Z7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $260000.00    | 0.05%             | 2062-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                    | VOLUSIA CNTY FL EDUCTNL FAC AUTH                             | CUSIP: 928836NY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1401892.29   | 0.25%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XEH5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128858.15    | 0.02%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFW0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    455000 | PA      | $320775.00    | 0.06%             | 2019-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                          | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1390298.08   | 0.25%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Darby Community Development District                                             | DARBY CDD FL SPL ASSMNT REVENUE                              | CUSIP: 23705PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312379.83    | 0.06%             | 2035-05-01      | Fixed         | 5.88%                 | 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        |   1575000 | PA      | $1175821.13   | 0.21%             | 2056-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PPT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1514772.23   | 0.27%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $524398.18    | 0.09%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mohegan Tribe of Indians of Connecticut/The                                      | MOHEGAN TRIBE INDIANS CT GAMING AUTH                         | CUSIP: 608333AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    917026 | PA      | $924582.21    | 0.16%             | 2045-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Berry Bay II Community Development District                                      | BERRY BAY II CDD FL SPL ASSMNT                               | CUSIP: 08577DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $405375.14    | 0.07%             | 2054-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MIDA Mountain Veterans Program Public Infrastructure District                    | MIDAS MOUNTAIN VETERANS PROGRAM PUB INFRASTRUCTURE DIST      | CUSIP: 59561SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $621258.72    | 0.11%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UBQ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3181327.01   | 0.56%             | 2044-06-15      | Fixed         | 6.13%                 | 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        |  14650000 | PA      | $8497000.00   | 1.51%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | COOK CNTY IL MF HSG REVENUE                                  | CUSIP: 213226AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2685945.15   | 0.48%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1320587.66   | 0.23%             | 2037-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    770000 | PA      | $775212.28    | 0.14%             | 2059-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PTF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1253941.35   | 0.22%             | 2051-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WGR9<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    500000 | PA      | $521783.60    | 0.09%             | 2042-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483KQ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2107092.96   | 0.37%             | 2037-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KGX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1675277.93   | 0.30%             | 2050-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EML1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    575000 | PA      | $565458.74    | 0.10%             | 2060-04-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080VG3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1146727.24   | 0.20%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $212387.44    | 0.04%             | 2049-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX                                                        | CORPUS CHRISTI TX SPL ASSMNT REVENUE                         | CUSIP: 220233AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    298000 | PA      | $302657.08    | 0.05%             | 2044-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH EDUCTNL FACS REVENUE                        | CUSIP: 45470EEU5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195667.19    | 0.03%             | 2055-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3279486.42   | 0.58%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEL5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     89721 | PA      | $63253.31     | 0.01%             | 2020-01-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY                                 | CUSIP: 57586NS44<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    310000 | PA      | $307283.72    | 0.05%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| City of Fort Lauderdale FL Water & Sewer Revenue                                 | FORT LAUDERDALE FL WTR & SWR REVENUE                         | CUSIP: 347658ZY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $1044422.38   | 0.19%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6305000 | PA      | $3631877.35   | 0.64%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LGH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5240000 | PA      | $4510159.18   | 0.80%             | 2056-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $428763.02    | 0.08%             | 2048-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDY8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    145000 | PA      | $102225.00    | 0.02%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  31844419 | PA      | $19584317.80  | 3.47%             | 2051-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa FL                                                            | OKALOOSA CNTY FL INDL DEV REVENUE                            | CUSIP: 678226AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $554524.14    | 0.10%             | 2060-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PDE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    900000 | PA      | $315000.00    | 0.06%             | 2046-11-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HOSP FACS REVENUE                           | CUSIP: 407272Z97<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    800000 | PA      | $698421.60    | 0.12%             | 2050-08-15      | Fixed         | 4.00%                 | 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        |   1195000 | PA      | $1274608.03   | 0.23%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                          | TOLOMATO FL CDD                                              | CUSIP: 889560FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $272876.30    | 0.05%             | 2054-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JTG3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   6780000 | PA      | $6984665.15   | 1.24%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                | PARRISH PLANTATION CMNTY DEV DIST FL SPL ASSMNT REVENUE      | CUSIP: 701830AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117776.65    | 0.02%             | 2054-05-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308M42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $455871.65    | 0.08%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    470000 | PA      | $499665.79    | 0.09%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483KU3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1088120.99   | 0.19%             | 2038-02-01      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Loretto Heights Community Authority                                              | LORETTO HEIGHTS CMNTY AUTH CO SPL REVENUE                    | CUSIP: 544084AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1026547.17   | 0.18%             | 2051-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No 1                                              | CENTERRA CO MET DIST #1 SPL REVENUE                          | CUSIP: 15200XAG8<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    850000 | PA      | $849933.87    | 0.15%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH ECON DEV REVENUE                 | CUSIP: 64577HMN8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1153810.41   | 0.20%             | 2031-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PDL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $563578.30    | 0.10%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reflection Bay Community Development District                                    | REFLECTION BAY CDD FL SPL ASSMNT                             | CUSIP: 75865NAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $248077.96    | 0.04%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1461836.74   | 0.26%             | 2056-05-01      | Fixed         | 6.00%                 | 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        |    760000 | PA      | $456000.00    | 0.08%             | 2062-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2328438.42   | 0.41%             | 2052-08-15      | 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: 87638QSE0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    310000 | PA      | $318822.69    | 0.06%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH ECON DEV REVENUE                 | CUSIP: 64577HMH1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    785000 | PA      | $788965.90    | 0.14%             | 2031-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE             | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    215000 | PA      | $226048.51    | 0.04%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3118000 | PA      | $2970486.80   | 0.53%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHB2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4577437 | PA      | $4707284.31   | 0.83%             | 2054-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                             | OAK POINT TX SPL ASSMNT REVENUE                              | CUSIP: 67176TAZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201007.96    | 0.04%             | 2044-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDJ1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2545000 | PA      | $1794225.00   | 0.32%             | 2022-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 4                                        | ST VRAIN LAKES MET DIST NO 4                                 | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $767415.96    | 0.14%             | 2054-09-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951279.40    | 0.17%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XX94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $512717.44    | 0.09%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $608797.06    | 0.11%             | 2054-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                             | TOBACCO SETTLEMENT FING CORP VA                              | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $2547437.26   | 0.45%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Ridge Community Development District                                        | EAST RIDGE CDD FL SPL ASSMNT REVENUE                         | CUSIP: 274692AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000781.00   | 0.35%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                | CUSIP: 34061WAQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    525000 | PA      | $495114.80    | 0.09%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TUY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $183180.26    | 0.03%             | 2034-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue            | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KT6<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |    935000 | PA      | $869827.88    | 0.15%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Malabar Springs Community Development District                                   | MALABAR SPRINGS CDD FL SPL ASSMNT                            | CUSIP: 560881AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $335385.64    | 0.06%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $233003.39    | 0.04%             | 2054-06-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5965000 | PA      | $6226621.32   | 1.10%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                     | MIDCITY IMPT DIST AL SPL ASSMNT REVENUE                      | CUSIP: 59564KAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $240674.98    | 0.04%             | 2049-11-01      | Fixed         | 4.75%                 | 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        |    615000 | PA      | $643023.52    | 0.11%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Palisade Metropolitan District No 2                                              | PALISADE CO MET DIST #2 LIMITED TAX                          | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1155732.44   | 0.20%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hastings Campus Housing Finance Authority                                        | HASTINGS CAMPUS HSG FIN AUTH CA CAMPUS HSG REVENUE           | CUSIP: 418338AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $1239806.39   | 0.22%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                  | BALDWIN CNTY AL INDL DEV AUTH SOL WST DISP REVENUE           | CUSIP: 05786PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1612331.45   | 0.29%             | 2056-03-01      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 14                                     | VLG FL CDD #14 SPL ASSMNT REVENUE                            | CUSIP: 92708JAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1463173.68   | 0.26%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999306.10    | 0.18%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $480940.53    | 0.09%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEK7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    887453 | PA      | $625654.37    | 0.11%             | 2018-01-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | PRINCETON TX SPL ASSMNT REVENUE                              | CUSIP: 742400CR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    247000 | PA      | $247273.53    | 0.04%             | 2054-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTHSOL WST DISP FAC REVENUE        | CUSIP: 54640TAM1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    835000 | PA      | $880799.25    | 0.16%             | 2053-10-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2014230.92   | 0.36%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     72000 | PA      | $71184.30     | 0.01%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Buckhead Trails Community Development District                                   | BUCKHEAD TRAILS CDD FL SPL ASSMNT                            | CUSIP: 11836UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $315629.07    | 0.06%             | 2054-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15630000 | PA      | $1193108.24   | 0.21%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    419000 | PA      | $419076.64    | 0.07%             | 2031-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Lower Magnolia Green Community Development Authority                             | LOWER MAGNOLIA GREEN VA CMNTY DEV AUTH SPL ASSMNT            | CUSIP: 548207AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $473272.38    | 0.08%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $773112.55    | 0.14%             | 2046-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JJF1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4829745.38   | 0.86%             | 2059-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFQ3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    495000 | PA      | $348975.00    | 0.06%             | 2020-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 61360PCM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95944.00     | 0.02%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SX1<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1888661.52   | 0.33%             | 2056-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Constitution Heights Metropolitan District                                       | CONSTITUTION HEIGHTS MET DIST CO                             | CUSIP: 210402AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478018.40    | 0.08%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                            | THE CHILDRENS TRUST FUND PR TOBACCO SETTLEMENT REVENUE       | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  39095000 | PA      | $1893316.12   | 0.34%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PDD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    570000 | PA      | $199500.00    | 0.04%             | 2046-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                         | CALIFORNIA ST STWD FING AUTH TOBACCO SETTLEMENT              | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1653833.45   | 0.29%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    840000 | PA      | $852700.72    | 0.15%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny Community Broadband Inc                                                | ALLEGHENY CMNTY BROADBAND INC PA PROJ REVENUE                | CUSIP: 017276AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $233674.25    | 0.04%             | 2051-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Sojourn at Idlewild Metropolitan District                                        | SOJOURN AT IDLEWILD MET DIST CO                              | CUSIP: 83408GAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514037.00    | 0.09%             | 2055-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    860000 | PA      | $859977.12    | 0.15%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                               | NEW YORK CNTYS NY TOBACCO TRUST VI                           | CUSIP: 64945JAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5340000 | PA      | $4467966.25   | 0.79%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY SOL WST DISP REVENUE              | CUSIP: 12008HAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    275000 | PA      | $275375.10    | 0.05%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of St Louis Missouri/The            | SAINT LOUIS MO INDL DEV AUTH FING REVENUE                    | CUSIP: 85236BAB8<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $982274.07    | 0.17%             | 2035-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Coastal Ridge Community Development District                                     | COASTAL RIDGE CDD FL SPL ASSMNT REVENUE                      | CUSIP: 19052TAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $743446.56    | 0.13%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $729429.99    | 0.13%             | 2040-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92954.84     | 0.02%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W5U4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1511055.43   | 0.27%             | 2055-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hillcrest Preserve Community Development District                                | HILLCREST PRESERVE CDD FL SPL ASSMNT                         | CUSIP: 43153EAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $326110.66    | 0.06%             | 2054-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $1570613.31   | 0.28%             | 2056-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                          | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $899845.14    | 0.16%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505QP4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    830000 | PA      | $826595.17    | 0.15%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2315876.62   | 0.41%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Empire Tobacco Securitization Corp                                        | INLAND EMPIRE CA TOBACCO SECURITIZATION AUTH TOB SETTLEMENT  | CUSIP: 45734TAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6890000 | PA      | $3431076.69   | 0.61%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                            | SAN MARCOS TX SPL ASSMNT REVENUE                             | CUSIP: 798801AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97427.96     | 0.02%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gold Hill North Business Improvement District                                    | GOLD HILL NORTH BUSINESS IMPT DIST CO                        | CUSIP: 38061PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997746.10    | 0.18%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| City of Terrell TX                                                               | TERRELL TX SPL ASSMNT REVENUE                                | CUSIP: 881435AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1222434.81   | 0.22%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAD6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2205222.59   | 0.39%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH                                            | CUSIP: 56042BCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1452226 | PA      | $750596.66    | 0.13%             | 2035-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FTH7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $825235.53    | 0.15%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH                                            | CUSIP: 56042BCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $276687.22    | 0.05%             | 2032-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS                                                             | MANHATTAN KS HLTH CARE FAC REVENUE                           | CUSIP: 563017EL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201117.08    | 0.04%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 16                                     | VLG CDD #16 FL SPL ASSMNT REVENUE                            | CUSIP: 92708MAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1766940.18   | 0.31%             | 2045-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396FX5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1059877.99   | 0.19%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Bridgeville DE                                                           | BRIDGEVILLE DE SPL OBLIG                                     | CUSIP: 108588AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201063.82    | 0.04%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Buda TX                                                                  | BUDA TX SPL ASSMNT REVENUE                                   | CUSIP: 118829AC4<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |    575000 | PA      | $570660.76    | 0.10%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396FW7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    510000 | PA      | $460844.82    | 0.08%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SM9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    940000 | PA      | $941954.35    | 0.17%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MKB6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    600000 | PA      | $644750.76    | 0.11%             | 2052-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $749905.38    | 0.13%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2791752.48   | 0.50%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Curiosity Creek Community Development District                                   | CURIOSITY CREEK CDD FL CAPITAL IMPT REVENUE                  | CUSIP: 23128SAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $242194.46    | 0.04%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                          | Grand Canyon University                                      | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1555520.28   | 0.28%             | 2028-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783U53<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    375000 | PA      | $363616.35    | 0.06%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NBF5<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    425000 | PA      | $426173.89    | 0.08%             | 2055-03-01      | Fixed         | 5.00%                 | 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        |    790000 | PA      | $856953.61    | 0.15%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                            | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $229607.08    | 0.04%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE               | CUSIP: 249189DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1551299.21   | 0.28%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Normandy Community Development District                                          | NORMANDY CDD FL CAPITAL IMPT REVENUE                         | CUSIP: 65618HAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $538776.20    | 0.10%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $353087.21    | 0.06%             | 2048-07-01      | Fixed         | 5.25%                 | 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        |   1150000 | PA      | $1201016.88   | 0.21%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Henderson KY                                                             | HENDERSON KY EXEMPT FACS REVENUE                             | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    230000 | PA      | $213320.15    | 0.04%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EYA8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $193632.62    | 0.03%             | 2056-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wood Ranch Public Infrastructure District                                        | WOOD RANCH PUB INFRASTRUCTURE DIST UT SPL ASSMNT             | CUSIP: 97850AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    177496 | PA      | $179007.17    | 0.03%             | 2053-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080UP4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    645000 | PA      | $501768.72    | 0.09%             | 2049-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $477710.23    | 0.08%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YED3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    120000 | PA      | $84600.00     | 0.02%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Hardin OH                                                              | HARDIN CNTY OH ECON DEV FACILITIES REVENUE                   | CUSIP: 412003AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1023160.31   | 0.18%             | 2050-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE             | CUSIP: 873816AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $465825.99    | 0.08%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PEU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    895000 | PA      | $89500.00     | 0.02%             | 2031-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1713914.33   | 0.30%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   3270000 | PA      | $3474888.39   | 0.62%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $492636.23    | 0.09%             | 2053-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE               | CUSIP: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    355000 | PA      | $363699.20    | 0.06%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PD36<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4532904.24   | 0.80%             | 2059-07-01      | Fixed         | 7.50%                 | 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        |    830000 | PA      | $742626.56    | 0.13%             | 2062-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Independence Metropolitan District No 3                                          | INDEPENDENCE MET DIST #3 CO                                  | CUSIP: 453625AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1351000 | PA      | $1344960.35   | 0.24%             | 2054-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | New York City Housing Development Corp                       | CUSIP: 64972CMP5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8999901.90   | 1.60%             | 2045-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAN2<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $960539.45    | 0.17%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1023000 | PA      | $786700.20    | 0.14%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No 8                                   | BANNING LEWIS RANCH MET DIST #8 CO                           | CUSIP: 06663CAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $557123.90    | 0.10%             | 2051-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDH7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $265609.50    | 0.05%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa County Industrial Development Authority                               | TUSCALOOSA CNTY AL INDL DEV AUTH GULF OPPORTUNITY ZONE       | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $498462.92    | 0.09%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                           | PILOT POINT TX SPL ASSMNT REVENUE                            | CUSIP: 721614BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150960.86    | 0.03%             | 2046-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                               | NEW YORK CNTYS NY TOBACCO TRUST IV                           | CUSIP: 62947YAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5501000 | PA      | $5401714.10   | 0.96%             | 2041-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                                | UTAH CNTY UT HOSP REVENUE                                    | CUSIP: 917393DC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $735504.60    | 0.13%             | 2050-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CK8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $275304.59    | 0.05%             | 2056-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE        | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $769933.82    | 0.14%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AWY7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    740000 | PA      | $763712.63    | 0.14%             | 2054-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE              | CUSIP: 13034DAV6<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2587285.25   | 0.46%             | 2067-07-01      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UBN7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    490000 | PA      | $490453.79    | 0.09%             | 2029-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH SOL WST DISP REVENUE                       | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $703893.92    | 0.12%             | 2047-12-01      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                  | CUSIP: 68608JXJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $551730.58    | 0.10%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3930000 | PA      | $3368225.76   | 0.60%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shawnee KS                                                               | SHAWNEE KS EDU FACS REVENUE                                  | CUSIP: 820668AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $211973.96    | 0.04%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Club Municipal Management District No 1                                          | CLUB MUNI MGMT DIST #1 TX SPL ASSMNT REVENUE                 | CUSIP: 18948PAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $315807.65    | 0.06%             | 2055-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Affordable Housing Opportunities Trust Series AH-01                              | AFFORDABLE HSG OPPORTUNITIES TRUST                           | CUSIP: 00826SAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645634 | PA      | $1665877.36   | 0.30%             | 2039-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783U87<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1460122.93   | 0.26%             | 2029-07-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    890000 | PA      | $819569.94    | 0.15%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $702147.17    | 0.12%             | 2064-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TUX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1655481.39   | 0.29%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                  | NORTH AR-1 PASCO CDD FL CAPITAL IMPT REVENUE                 | CUSIP: 65725AAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98376.37     | 0.02%             | 2044-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFC4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $764925.00    | 0.14%             | 2040-07-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $180188.20    | 0.03%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH HLTH FACS REVENUE                           | CUSIP: 462466FZ1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1671655.11   | 0.30%             | 2046-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Bridgeville DE                                                           | BRIDGEVILLE DE SPL OBLIG                                     | CUSIP: 108588AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220516.19    | 0.04%             | 2053-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $496612.21    | 0.09%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416TYA0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    340000 | PA      | $360855.26    | 0.06%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912DN3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500056.95    | 0.09%             | 2049-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1139000 | PA      | $1136484.06   | 0.20%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gas Worx Community Development District                                          | GAS WORX CDD FL SPL ASSMNT                                   | CUSIP: 367200AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $568658.70    | 0.10%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8950000 | PA      | $6396479.98   | 1.13%             | 2035-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DYW6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1050618.09   | 0.19%             | 2054-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                | PARRISH PLANTATION CMNTY DEV DIST FL SPL ASSMNT REVENUE      | CUSIP: 701830AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104143.39    | 0.02%             | 2044-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Newfield Community Development District                                          | NEWFIELD CDD FL SPL ASSMNT REVENUE                           | CUSIP: 65128AAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $980847.42    | 0.17%             | 2056-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN NONPROFIT FACS REVENUE               | CUSIP: 45129GPM1<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    959881 | PA      | $494363.77    | 0.09%             | 2062-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEU5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    205000 | PA      | $144525.00    | 0.03%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                     | CUSIP: 19645UTU8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   3980000 | PA      | $4476885.49   | 0.79%             | 2059-02-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JED1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    910000 | PA      | $772156.75    | 0.14%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2304977.60   | 0.41%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | GAINESVILLE & HALL CNTY GA HOSP AUTH                         | CUSIP: 362762QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $742550.14    | 0.13%             | 2051-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $302503.71    | 0.05%             | 2058-07-01      | Fixed         | 4.00%                 | 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        |   2630000 | PA      | $2469764.09   | 0.44%             | 2052-07-01      | Fixed         | 5.50%                 | 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        |   2800000 | PA      | $3034055.36   | 0.54%             | 2048-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Creekwalk Marketplace Business Improvement District                              | CREEKWALK MARKETPLACE BUSINESS IMPT DIST CO                  | CUSIP: 225515AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $855837.99    | 0.15%             | 2054-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182QY5<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1179991.77   | 0.21%             | 2053-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6815000 | PA      | $6625381.48   | 1.18%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SkyRidge Pegasus Infrastructure Financing District                               | SKYRIDGE PEGASUS INFRASTRUCTURE FING DIST UT                 | CUSIP: 83089AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2029437.48   | 0.36%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WBP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $255261.11    | 0.05%             | 2040-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                     | MIDCITY IMPT DIST AL SPL ASSMNT REVENUE                      | CUSIP: 59564KAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $237266.43    | 0.04%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                           | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS               | CUSIP: 179093LA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $38591.57     | 0.01%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFG5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    375000 | PA      | $264375.00    | 0.05%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783Z41<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1718485.63   | 0.30%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                   | MOBILE CNTY AL INDL DEV AUTH SOL WST DISP REVENUE            | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2321937.70   | 0.41%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $327692.25    | 0.06%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $412194.64    | 0.07%             | 2054-07-01      | Fixed         | 5.25%                 | 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        |   1900000 | PA      | $2043756.47   | 0.36%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    775000 | PA      | $798662.77    | 0.14%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $529300.78    | 0.09%             | 2045-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1165288.88   | 0.21%             | 2056-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                        | GLENDALE AZ INDL DEV AUTH SENIOR LIVING FACS REVENUE         | CUSIP: 378287BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85879.13     | 0.02%             | 2056-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDV4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    110000 | PA      | $77550.00     | 0.01%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                              | CRANDALL TX SPL ASSMNT REVENUE                               | CUSIP: 224384AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375270.49    | 0.07%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY                                 | CUSIP: 57586NS51<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $958601.84    | 0.17%             | 2047-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ridges Estates Infrastructure Financing District                                 | RIDGES ESTATES INFRASTRUCTURE FING DIST UT SPL ASSMNT        | CUSIP: 76610DAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2303000 | PA      | $2378873.03   | 0.42%             | 2053-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                         | CLEVELAND-CUYAHOGA CNTY OH PORT AUTH LEASE REVENUE           | CUSIP: 18610RCE2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    285000 | PA      | $290631.80    | 0.05%             | 2039-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YVN3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1607308.48   | 0.29%             | 2056-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6207275.40   | 1.10%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | PRINCETON TX SPL ASSMNT REVENUE                              | CUSIP: 742400CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197870.48    | 0.04%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $4073092.35   | 0.72%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lanterns Metropolitan District No 2                                              | LANTERNS MET DIST #2 CO                                      | CUSIP: 51654DAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $405386.33    | 0.07%             | 2050-12-01      | Fixed         | 4.50%                 | 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        |   2250000 | PA      | $2310356.48   | 0.41%             | 2052-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Laurel Road Community Development District                                       | LAUREL ROAD CDD FL CAPITAL IMPT REVENUE                      | CUSIP: 51888TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80000.00     | 0.01%             | 2026-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                             | OAK POINT TX SPL ASSMNT REVENUE                              | CUSIP: 67176TBA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $328161.64    | 0.06%             | 2054-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFJ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    760773 | PA      | $547756.56    | 0.10%             | 2020-01-01      | Fixed         | 7.50%                 | 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        |    267000 | PA      | $264078.11    | 0.05%             | 2046-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NBD0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    425000 | PA      | $428143.85    | 0.08%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC | CUSIP: 74528LAA9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    365000 | PA      | $406554.05    | 0.07%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FTG9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    385000 | PA      | $330612.78    | 0.06%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BG32<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260213.23    | 0.05%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH CHARTER SCH LEASE REV            | CUSIP: 64578QAC4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1446598.01   | 0.26%             | 2054-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                 | LAKES OF SARASOTA CDD FL IMPT REVENUE                        | CUSIP: 51206YAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $263718.05    | 0.05%             | 2041-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031H97<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2116601.24   | 0.38%             | 2060-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1252502.37   | 0.22%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250801.68    | 0.04%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TGW1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3389893.76   | 0.60%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $629672.27    | 0.11%             | 2047-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Ormond Crossings West Community Development District                             | ORMAND CROSSINGS FL W CDD                                    | CUSIP: 68682AAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492036.80    | 0.09%             | 2057-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $127023.17    | 0.02%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505ZL3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3354535.62   | 0.59%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD CNTY FL HLTH FACS AUTH REVENUE                       | CUSIP: 107416PP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $625243.59    | 0.11%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    140663 | PA      | $131601.11    | 0.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Region Community Development District                                    | CAPITAL REGION FL CDD REVENUE                                | CUSIP: 14044NBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518559.95   | 0.27%             | 2039-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XNN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1882909.60   | 0.33%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No 2                                     | AURORA CROSSROADS MET DIST #2 CO                             | CUSIP: 05162QAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2055219.76   | 0.36%             | 2055-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Canyons Metropolitan District No 5                                               | CANYONS MET DIST #5 CO                                       | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625801.69    | 0.11%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFP5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     55000 | PA      | $38775.00     | 0.01%             | 2018-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Del Valle Independent School District TX                                         | DEL VALLE TX INDEP SCH DIST                                  | CUSIP: 245505XT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $763275.23    | 0.14%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGC0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1648696.45   | 0.29%             | 2053-12-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Creekwalk Marketplace Business Improvement District                              | CREEKWALK MARKETPLACE BUSINESS IMPT DIST CO                  | CUSIP: 225515AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3428486.52   | 0.61%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UJF6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4690000 | PA      | $3061304.17   | 0.54%             | 2056-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 71885FDV6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    255000 | PA      | $245862.33    | 0.04%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1044650.88   | 0.19%             | 2030-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFN0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     60000 | PA      | $42300.00     | 0.01%             | 2017-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI MENTAL HLTHCARE FACS REVENUE              | CUSIP: 74443XAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $943802.03    | 0.17%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1554773.22   | 0.28%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                               | W VLGS FL IMPT DIST                                          | CUSIP: 956454BJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $675908.42    | 0.12%             | 2039-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Inspiration Metropolitan District                                                | INSPIRATION MET DIST CO                                      | CUSIP: 457723AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    617000 | PA      | $590450.74    | 0.10%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH CHRT SCHREVENUE                         | CUSIP: 452022BU9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1433794.80   | 0.25%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority                                      | ESCAMBIA CNTY FL HLTH FACS AUTH                              | CUSIP: 296110GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2156514.69   | 0.38%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CZ5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  12685000 | PA      | $2961187.67   | 0.53%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Falls Detention Facility Corp                                            | CENTRL FALLS RI DETENTION FAC CORP DETENTION FAC REVENUE     | CUSIP: 153457AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4190000 | PA      | $1634100.00   | 0.29%             | 2035-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE        | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1586701.18   | 0.28%             | 2037-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    682092 | PA      | $593669.41    | 0.11%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                 | LAKES OF SARASOTA CDD FL IMPT REVENUE                        | CUSIP: 51206YAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $189073.74    | 0.03%             | 2041-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QUK7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    960000 | PA      | $1005914.78   | 0.18%             | 2046-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                       | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1290376.57   | 0.23%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sunrise Community Development District                                           | SUNRISE CDD FL CAPITAL IMPT REVENUE                          | CUSIP: 86771UAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1755611.55   | 0.31%             | 2045-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972B8N8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2776354.42   | 0.49%             | 2047-11-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TVE0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1712008.40   | 0.30%             | 2050-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2402000 | PA      | $2404461.81   | 0.43%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                          | TOLOMATO FL CDD                                              | CUSIP: 889560FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $277626.64    | 0.05%             | 2044-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa FL                                                            | OKALOOSA CNTY FL INDL DEV REVENUE                            | CUSIP: 678226AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $192262.58    | 0.03%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3676719.90   | 0.65%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDV6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   5395000 | PA      | $444468.15    | 0.08%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  10951615 | NS      | $10952710.16  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1933690.78   | 0.34%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1872452.95   | 0.33%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036CJ3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   9655000 | PA      | $7209018.71   | 1.28%             | 2048-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FN43<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1393352.88   | 0.25%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE              | CUSIP: 57422JBY3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    380000 | PA      | $382657.76    | 0.07%             | 2047-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Shawnee KS                                                               | SHAWNEE KS EDU FACS REVENUE                                  | CUSIP: 820668AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $684721.41    | 0.12%             | 2056-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                  | FATE TX SPL ASSESSMENT REVENUE                               | CUSIP: 31189RCR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110910.79    | 0.02%             | 2054-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                                | UTAH CNTY UT HOSP REVENUE                                    | CUSIP: 917393BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $678684.38    | 0.12%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE                  | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2353318.27   | 0.42%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                               | W VLGS FL IMPT DIST                                          | CUSIP: 956454CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $323846.48    | 0.06%             | 2054-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CBR9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1227049.47   | 0.22%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                            | SAN MARCOS TX SPL ASSMNT REVENUE                             | CUSIP: 798801AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $420236.21    | 0.07%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bellehaven Community Development District                                        | BELLEHAVEN CDD FL SPL ASSMNT                                 | CUSIP: 07876CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $624512.39    | 0.11%             | 2055-05-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Advanced Technology Academy                                                      | ADVANCED TECHNOLOGY ACADEMY MI PUBLIC SCH ACADEMY REVENUE    | CUSIP: 00766SAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $402372.67    | 0.07%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cabot Citrus Farms Community Development District                                | CABOT CITRUS FARMS FL CDD                                    | CUSIP: 127052AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1064150.23   | 0.19%             | 2029-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH REVENUE                 | CUSIP: 837036HG0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    600000 | PA      | $601234.20    | 0.11%             | 2050-10-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34445000 | PA      | $3388075.65   | 0.60%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 658207T88<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    420000 | PA      | $445251.07    | 0.08%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                            | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2599940.72   | 0.46%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDUCTNL REVENUE                           | CUSIP: 74445GAQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    530000 | PA      | $508675.13    | 0.09%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483JC5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1053108.26   | 0.19%             | 2055-09-01      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                  | ANNA TX SPL ASSMNT REVENUE                                   | CUSIP: 035713AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $450566.15    | 0.08%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                           | PILOT POINT TX SPL ASSMNT REVENUE                            | CUSIP: 721614BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399800.28    | 0.07%             | 2056-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 7178932Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600766 | PA      | $1708845.54   | 0.30%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PEW1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    895000 | PA      | $89500.00     | 0.02%             | 2047-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Waters' Edge Metropolitan District No 2                                          | WATERS EDGE MET DIST #2 CO                                   | CUSIP: 94184VAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1207747.54   | 0.21%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $3057519.40   | 0.54%             | 2037-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redtail Ridge Metropolitan District                                              | REDTAIL RIDGE MET DIST CO                                    | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6581000 | PA      | $4225299.46   | 0.75%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442ELU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    160000 | PA      | $155014.05    | 0.03%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FYF6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45435.42     | 0.01%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hardin OH                                                              | HARDIN CNTY OH ECON DEV FACILITIES REVENUE                   | CUSIP: 412003AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $239224.51    | 0.04%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 56042R8P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $3980786.46   | 0.71%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1604246 | PA      | $1680788.64   | 0.30%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1666000 | PA      | $1665157.50   | 0.30%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kings Creek I Community Development District                                     | KINGS CREEK I CDD FL SPL ASSMNT                              | CUSIP: 495879AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $532897.52    | 0.09%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Harbor Reserve Community Development District                                    | HARBOR RESERVATION CDD FL SPL ASSMNT REVENUE                 | CUSIP: 41155EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2396631.03   | 0.43%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WYA8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    890000 | PA      | $819793.06    | 0.15%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Beaver County Industrial Development Authority                                   | BEAVER CNTY PA INDL DEV AUTH                                 | CUSIP: 074876HP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $935141.81    | 0.17%             | 2047-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL FAC REVENUE                           | CUSIP: 74446DAJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1325238.61   | 0.24%             | 2054-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10753000 | PA      | $3832836.96   | 0.68%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                              | CRANDALL TX SPL ASSMNT REVENUE                               | CUSIP: 224384AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176171.47    | 0.03%             | 2045-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE            | CUSIP: 83703FLN0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1129655.88   | 0.20%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y54<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    585000 | PA      | $585290.51    | 0.10%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PD93<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1766372 | PA      | $1765977.00   | 0.31%             | 2032-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250BS2<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    225000 | PA      | $222366.80    | 0.04%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                 | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE       | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $849372.97    | 0.15%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    117500 | PA      | $123943.86    | 0.02%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| City of Friendswood TX                                                           | FRIENDSWOOD TX SPL ASSMNT REVENUE                            | CUSIP: 358591AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1151000 | PA      | $1160049.39   | 0.21%             | 2054-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Trout Creek Community Development District                                       | TROUT CREEK CDD FL CAPITAL IMPT REVENUE                      | CUSIP: 897188AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1679557.24   | 0.30%             | 2049-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Seminole Palms Community Development District                                    | SEMINOLE PALMS FL CDD SPL ASSMNT                             | CUSIP: 816775AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $439794.17    | 0.08%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                               | W VLGS FL IMPT DIST                                          | CUSIP: 956454BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1361595.49   | 0.24%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX                                                        | CORPUS CHRISTI TX SPL ASSMNT REVENUE                         | CUSIP: 220233AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    403000 | PA      | $404425.37    | 0.07%             | 2054-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH CHRT SCHREVENUE                         | CUSIP: 452022BV7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1383707.40   | 0.25%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alamo Heights Independent School District                                        | ALAMO HEIGHTS TX INDEP SCH DIST                              | CUSIP: 011338A67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $558812.83    | 0.10%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Whitestown IN                                                            | WHITESTOWN IN ECON DEV REVENUE                               | CUSIP: 966095AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500631.45    | 0.09%             | 2050-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                 | CUSIP: 898526FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $494791.78    | 0.09%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Buda TX                                                                  | BUDA TX SPL ASSMNT REVENUE                                   | CUSIP: 118829AF7<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1136963.02   | 0.20%             | 2055-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789083V4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   6680000 | PA      | $6552879.60   | 1.16%             | 2051-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI | CUSIP: 59561UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004104.90   | 0.18%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR   | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1933411.20   | 0.34%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hobe-St Lucie Conservancy District                                               | HOBE ST LUCIE CONSERVANCY DIST FL                            | CUSIP: 434043AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $346579.78    | 0.06%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Allegheny Community Broadband Inc                                                | ALLEGHENY CMNTY BROADBAND INC PA PROJ REVENUE                | CUSIP: 017276AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $204971.12    | 0.04%             | 2045-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                   | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC REVENUE                 | CUSIP: 50376HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $829362.71    | 0.15%             | 2048-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEV3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    860000 | PA      | $606300.00    | 0.11%             | 2036-07-01      | Fixed         | 5.75%                 | 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        |   3110000 | PA      | $3334435.02   | 0.59%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1120040.96   | 0.20%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742186N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4490000 | PA      | $4626064.96   | 0.82%             | 2055-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783Q74<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    435000 | PA      | $430576.75    | 0.08%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $531124.55    | 0.09%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside Haines City Community Development District                              | WESTSIDE HAINES CITY CDD SPL ASSMNT                          | CUSIP: 96150AAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $249663.45    | 0.04%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ECON ACTIVITY TAX REVENUE       | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    340000 | PA      | $332961.05    | 0.06%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE        | CUSIP: 708686ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $910976.70    | 0.16%             | 2038-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                | CUSIP: 586111PM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3068092.50   | 0.54%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bella Tara Community Development District                                        | BELLA TARA CDD FL SPL ASSMNT                                 | CUSIP: 07820BAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521961.85    | 0.09%             | 2045-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Curiosity Creek Community Development District                                   | CURIOSITY CREEK CDD FL CAPITAL IMPT REVENUE                  | CUSIP: 23128SAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152233.01    | 0.03%             | 2044-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HEL2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    460000 | PA      | $467760.29    | 0.08%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    565000 | PA      | $570106.81    | 0.10%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boggy Creek Improvement District                                                 | BOGGY CREEK FL IMPT DIST SPL ASSMNT REVENUE                  | CUSIP: 097206AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1080159.08   | 0.19%             | 2043-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                             | TOBACCO SETTLEMENT FING CORP RI                              | CUSIP: 888809AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $276027.43    | 0.05%             | 2052-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN NONPROFIT FACS REVENUE               | CUSIP: 45129GPL3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251957.08    | 0.04%             | 2061-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                    | DOYLESTOWN PA HOSP AUTH                                      | CUSIP: 261333HJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $638995.62    | 0.11%             | 2039-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Sinton TX                                                                | SINTON TX SPL ASSMNT REVENUE                                 | CUSIP: 829366AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    858000 | PA      | $863958.04    | 0.15%             | 2042-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 14                                     | VLG FL CDD #14 SPL ASSMNT REVENUE                            | CUSIP: 92708JAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1059754.15   | 0.19%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TES1<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1079571.26   | 0.19%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WC6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2115367.50   | 0.38%             | 2046-12-01      | 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        |   1700000 | PA      | $1703272.16   | 0.30%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Coastal Ridge Community Development District                                     | COASTAL RIDGE CDD FL SPL ASSMNT REVENUE                      | CUSIP: 19052TAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $561418.55    | 0.10%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| 9th Avenue Metropolitan District No 2                                            | 9TH AVENUE MET DIST NO 2 CO                                  | CUSIP: 65448PAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $905650.02    | 0.16%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2108625.17   | 0.37%             | 2056-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $919638.83    | 0.16%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Norfolk Redevelopment & Housing Authority                                        | NORFOLK VA REDEV & HSG AUTH REVENUE                          | CUSIP: 655909CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185199.21    | 0.03%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rancho Mirage Community Facilities District                                      | RANCHO MIRAGE CA CMNTY FACS DIST SPL TAX                     | CUSIP: 75213WCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $271572.13    | 0.05%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp                           | DIST OF COLUMBIA TOBACCO SETTLEMENT FING CORP                | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $310143.04    | 0.06%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fitzsimons Village Metropolitan District No 3                                    | FITZSIMONS VLG MET DIST #3 CO                                | CUSIP: 33829NAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487173.75    | 0.09%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp                                           | ERIE CNTY NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTL | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3088748.68   | 0.55%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                             | BABCOCK RANCH CMNTY INDEP SPL DIST FL SPL ASSMNT REVENUE     | CUSIP: 05616KBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $518043.92    | 0.09%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    355000 | PA      | $374815.99    | 0.07%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $510168.81    | 0.09%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Lincolnshire IL                                                       | LINCOLNSHIRE IL SPL SVC AREA #1 SPL TAX                      | CUSIP: 535065AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    973000 | PA      | $974589.40    | 0.17%             | 2034-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ibis Landing Community Development District                                      | IBIS LANDING CDD FL SPL ASSMNT                               | CUSIP: 451075AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $162521.55    | 0.03%             | 2045-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA TAX INCR REVENUE                            | CUSIP: 254840DA6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    590000 | PA      | $590531.47    | 0.10%             | 2041-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Port Arthur Housing Authority                                                    | PORT ARTHUR TX HSG AUTH RSDL DEV REVENUE                     | CUSIP: 733501AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $580665.91    | 0.10%             | 2036-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Morgantown Utility Board Inc                                                     | MORGANTOWN WV COMB UTILITY SYS REVENUE                       | CUSIP: 61759CDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1723574.70   | 0.31%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD CNTY FL HLTH FACS AUTH REVENUE                       | CUSIP: 107416PF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $490221.91    | 0.09%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HWK7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    485000 | PA      | $495158.66    | 0.09%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                       | CUSIP: 72177MTQ0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    685000 | PA      | $535470.46    | 0.09%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinery Community Development District                                            | PINERY CDD FL CAPITAL IMPT REVENUE                           | CUSIP: 72330HAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256588.75   | 0.22%             | 2046-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YER2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    145000 | PA      | $102225.00    | 0.02%             | 2019-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RCZ4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    205000 | PA      | $180920.80    | 0.03%             | 2062-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Shadowlawn Community Development District                                        | SHADOWLAWN CDD FL SPL ASSMNT REVENUE                         | CUSIP: 818820AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $222847.13    | 0.04%             | 2054-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Town of Milton DE                                                                | MILTON DE SPL OBLIG                                          | CUSIP: 601792AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403652.40    | 0.07%             | 2053-09-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                       | CUSIP: 63610CAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1420109.28   | 0.25%             | 2043-01-28      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ESL1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    745000 | PA      | $738495.03    | 0.13%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                                | TULSA CNTY OK INDL AUTH SENIOR LIVING CMNTY REVENUE          | CUSIP: 899530AY5<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    750000 | PA      | $758276.25    | 0.13%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $733600.00    | 0.13%             | 2032-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | PRINCETON TX SPL ASSMNT REVENUE                              | CUSIP: 742400CP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     47000 | PA      | $47197.33     | 0.01%             | 2031-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $508347.33    | 0.09%             | 2059-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $448932.31    | 0.08%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YAE5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    378858 | PA      | $281302.07    | 0.05%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285ABA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $181162.91    | 0.03%             | 2036-10-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355958.82    | 0.06%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $480677.25    | 0.09%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1364519.14   | 0.24%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $1819538.96   | 0.32%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 9397832Q8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1146448.20   | 0.20%             | 2066-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| East Central Vermont Telecommunications District                                 | EAST CENTRL VT TELECOMMUNICATIONS DIST PROJ REVENUE          | CUSIP: 271524AY6<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3368984.80   | 0.60%             | 2044-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PQ81<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3195000 | PA      | $995228.12    | 0.18%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Prairie Farm Metropolitan District                                               | PRAIRIE FARM MET DIST CO                                     | CUSIP: 73955CAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    736000 | PA      | $735952.01    | 0.13%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3102569.34   | 0.55%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Angelina & Neches River Authority                                                | ANGELINA & NECHES RIVER AUTH IND DEV CORP                    | CUSIP: 03469KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $52500.00     | 0.01%             | 2045-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EXS0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    780000 | PA      | $774735.78    | 0.14%             | 2065-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783SQ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850002.72    | 0.15%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Powerline Road Community Development District                              | NORTH POWERLINE ROAD CDD FL SPL ASSMNT                       | CUSIP: 66173PAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $931520.04    | 0.17%             | 2052-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Ibis Landing Community Development District                                      | IBIS LANDING CDD FL SPL ASSMNT                               | CUSIP: 451075AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204728.78    | 0.04%             | 2055-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3710000 | PA      | $1038800.00   | 0.18%             | 2059-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| Lower Magnolia Green Community Development Authority                             | LOWER MAGNOLIA GREEN VA CMNTY DEV AUTH SPL ASSMNT            | CUSIP: 548207AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $435100.57    | 0.08%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396HF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3122152.85   | 0.55%             | 2056-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783U61<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    225000 | PA      | $219017.18    | 0.04%             | 2059-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kissimmee Park Community Development District                                    | KISSIMMEE PARK CDD FL CAPITAL IMPT REVENUE                   | CUSIP: 497859AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $385057.73    | 0.07%             | 2056-05-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4590000 | PA      | $4808999.92   | 0.85%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1710800.62   | 0.30%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883A77<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    800000 | PA      | $849565.92    | 0.15%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $975037.15    | 0.17%             | 2046-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YAG0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    323010 | PA      | $239834.93    | 0.04%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Mohegan Tribal Finance Authority                                                 | MOHEGAN TRIBAL CT FIN AUTH                                   | CUSIP: 608327AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3780913.50   | 0.67%             | 2045-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                   | MOBILE CNTY AL INDL DEV AUTH SOL WST DISP REVENUE            | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6165000 | PA      | $5974495.95   | 1.06%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EA32<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1619630.50   | 0.29%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                         | COBB CNTY GA DEV AUTH CHARTERSCH REVENUE                     | CUSIP: 190779AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $357753.51    | 0.06%             | 2058-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1064085.26   | 0.19%             | 2040-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3690000 | PA      | $2943491.23   | 0.52%             | 2033-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEQ4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $828375.00    | 0.15%             | 2018-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cypress Creek Reserve Community Development District                             | CYPRESS CREEK RESERVE CDD FL SPL ASSMNT                      | CUSIP: 23274FAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307315.20    | 0.05%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1734887.01   | 0.31%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2166783.63   | 0.38%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $115000.00    | 0.02%             | 2062-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Marion Ranch Community Development District                                      | MARION RANCH CDD FL SPL ASSMNT                               | CUSIP: 570001AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $339240.13    | 0.06%             | 2054-05-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Alachua County Housing Finance Authority                                         | ALACHUA CNTY FL HSG FIN AUTH MF REVENUE                      | CUSIP: 01068LAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781107.75    | 0.14%             | 2055-07-01      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $2998793.34   | 0.53%             | 2059-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y39<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1141095.43   | 0.20%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CCB3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    400000 | PA      | $353734.16    | 0.06%             | 2054-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hammock Oaks Community Development District                                      | HAMMOCK OAKS CDD FL ASSMNT                                   | CUSIP: 40834PAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $121507.26    | 0.02%             | 2054-05-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Bella Collina Community Development District                                     | BELLA COLLINA CDD FL SPL ASSMNT                              | CUSIP: 07819AAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $206581.10    | 0.04%             | 2055-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 7178932X8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $805376.16    | 0.14%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HLTH CARE REVENUE                           | CUSIP: 40727RBT4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    875000 | PA      | $867537.13    | 0.15%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                              | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2580985.56   | 0.46%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                  | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $131920.12    | 0.02%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1879800.24   | 0.33%             | 2051-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YES0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1124475.00   | 0.20%             | 2020-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PD28<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3168381 | PA      | $3170498.38   | 0.56%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEF8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    645000 | PA      | $454725.00    | 0.08%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1764690 | PA      | $1278506.26   | 0.23%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1843670.80   | 0.33%             | 2029-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEM3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    887597 | PA      | $625755.89    | 0.11%             | 2018-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE             | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $583193.25    | 0.10%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDUCTNL FACS REVENUE          | CUSIP: 56678RAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $416866.55    | 0.07%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEG6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $923550.00    | 0.16%             | 2022-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145UR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $372831.24    | 0.07%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YAA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    580000 | PA      | $408900.00    | 0.07%             | 2031-07-01      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DHJ4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    485000 | PA      | $405379.01    | 0.07%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HF75<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    900000 | PA      | $947085.93    | 0.17%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $900657.98    | 0.16%             | 2050-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDG7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    910000 | PA      | $641550.00    | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFM2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    403882 | PA      | $290795.04    | 0.05%             | 2020-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                         | NEW YORK ST PWR AUTH REVENUE                                 | CUSIP: 64989KLF1<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    565000 | PA      | $505955.81    | 0.09%             | 2055-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FTF1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    495000 | PA      | $477028.23    | 0.08%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                  | NORTH AR-1 PASCO CDD FL CAPITAL IMPT REVENUE                 | CUSIP: 65725AAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137309.70    | 0.02%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PPR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $1349138.78   | 0.24%             | 2035-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Antillia Community Development District                                          | ANTILLIA CDD FL SPL ASSMNT                                   | CUSIP: 03706FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $192716.47    | 0.03%             | 2054-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                       | CUSIP: 05923TDA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $455099.59    | 0.08%             | 2042-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399PJ9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    385000 | PA      | $333326.76    | 0.06%             | 2062-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE               | CUSIP: 717901CA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    805000 | PA      | $737680.99    | 0.13%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD CNTY FL HLTH FACS AUTH REVENUE                       | CUSIP: 107416PM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $590574.69    | 0.10%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hoover Industrial Development Board                                              | HOOVER AL INDL DEV BRD ENVNMNTL IMPT REVENUE                 | CUSIP: 439241AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3512521.79   | 0.62%             | 2050-11-01      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | CELINA TX SPL ASSESSMENT REVENUE                             | CUSIP: 15114CKQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101435.28    | 0.02%             | 2045-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4100055 | PA      | $4062021.25   | 0.72%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Region Community Development District                                    | CAPITAL REGION FL CDD REVENUE                                | CUSIP: 14044NBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303926.43    | 0.05%             | 2031-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783U20<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101197.75    | 0.02%             | 2059-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $103509.64    | 0.02%             | 2052-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PPS8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  51965000 | PA      | $4600799.22   | 0.82%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041YP6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    290000 | PA      | $237946.45    | 0.04%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $734316.49    | 0.13%             | 2059-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $506636.45    | 0.09%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDUCTNL FACS REVENUE          | CUSIP: 56678RAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $385049.06    | 0.07%             | 2051-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $246340.82    | 0.04%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDT9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    260000 | PA      | $183300.00    | 0.03%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55681.58     | 0.01%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bella Tara Community Development District                                        | BELLA TARA CDD FL SPL ASSMNT                                 | CUSIP: 07820BAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $775249.55    | 0.14%             | 2056-05-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC | CUSIP: 74528LAC5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    365000 | PA      | $406554.05    | 0.07%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Marion Ranch Community Development District                                      | MARION RANCH CDD FL SPL ASSMNT                               | CUSIP: 570001AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $190488.15    | 0.03%             | 2044-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Industrial Development Board | MET GOVT NASHVILLE & DAVIDSON CNTY TN INDL DEV BRD SPL ASSMN | CUSIP: 59211SAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $1600576.71   | 0.28%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** BlackRock MuniAssets Fund, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer