# EDGAR Filing Document

**Accession Number:** 0001034665
**File Stem:** 0001410368-25-043534
**Filing Date:** 2025-12
**Character Count:** 264499
**Document Hash:** 8664cbfe6fe17facfd080e75ac1407b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043534.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043534

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNIHOLDINGS FUND, INC.
- **CENTRAL INDEX KEY:** 0001034665

**ORGANIZATION NAME:**
- **EIN:** 223508039
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08081
- **FILM NUMBER:** 251606976

**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:** BLACKROCK MUNIHOLDINGS FUND INC
- **DATE OF NAME CHANGE:** 20061026

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIHOLDINGS FUND INC
- **DATE OF NAME CHANGE:** 19970226

## Nport-Ex

October 31, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock MuniHoldings Fund, Inc. (MHD)**<br>

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

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

------

Schedule of Investments (unaudited)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 6.4%** | **Alabama — 6.4%** |  |
| Black Belt Energy Gas District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54 | $2450 | &nbsp;&nbsp; $2638872 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/56 | 2990 | &nbsp;&nbsp; 3115515 |
| &nbsp;&nbsp;&nbsp; Series F, 5.50%, 11/01/53 | 1115 | &nbsp;&nbsp; 1178400 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Refunding RB, 4.00%, <br> 06/01/51<sup>(a)</sup><br>| 9590 | &nbsp;&nbsp; 9907538 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, <br> Refunding RB, 5.25%, 10/01/49<br>| 4715 | &nbsp;&nbsp; 4914783 |
| &nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Refunding RB, <br> Series B, 5.00%, 06/01/49<sup>(a)</sup><br>| 2825 | &nbsp;&nbsp; 3059814 |
| Southeast Energy Authority A Cooperative District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/56 | 4895 | &nbsp;&nbsp; 5240169 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.50%, 01/01/53 | 1890 | &nbsp;&nbsp; 2048302 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/54 | 4595 | &nbsp;&nbsp; 4899333 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 03/01/55 | 1275 | &nbsp;&nbsp; 1373208 |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.00%, 05/01/53 | 4510 | &nbsp;&nbsp; 4695034 |
|  |  | &nbsp;&nbsp; 43070968 |
| **Arizona — 2.5%** | **Arizona — 2.5%** |  |
| Arizona Industrial Development Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/01/39 | 575 | &nbsp;&nbsp; 523035 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/49 | 550 | &nbsp;&nbsp; 499407 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/54 | 425 | &nbsp;&nbsp; 378136 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Refunding <br> RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/52 | 130 | &nbsp;&nbsp; 121680 |
| &nbsp;&nbsp;&nbsp; Series G, 5.00%, 07/01/47 | 435 | &nbsp;&nbsp; 414398 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., RB, Junior <br> Lien, 5.25%, 07/01/47<br>| 2425 | &nbsp;&nbsp; 2606500 |
| &nbsp;&nbsp;&nbsp; Glendale Industrial Development Authority, RB, 5.00%, <br> 05/15/56<br>| 65 | &nbsp;&nbsp; 56091 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the City of Phoenix <br> Arizona, RB, Series A, 5.00%, 07/01/46<sup>(b)</sup><br>| 2120 | &nbsp;&nbsp; 2043837 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the County of Pima, <br> RB, 5.00%, 07/01/34<sup>(b)</sup><br>| 400 | &nbsp;&nbsp; 401223 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the County of Pima, <br> Refunding RB, 5.00%, 06/15/49<sup>(b)</sup><br>| 300 | &nbsp;&nbsp; 277590 |
| Salt Verde Financial Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/32 | 3500 | &nbsp;&nbsp; 3836868 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/37 | 5235 | &nbsp;&nbsp; 5728269 |
|  |  | &nbsp;&nbsp; 16887034 |
| **Arkansas — 0.6%** | **Arkansas — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Arkansas Development Finance Authority, RB, AMT, <br> Sustainability Bonds, 5.70%, 05/01/53<br>| 1170 | &nbsp;&nbsp; 1194178 |
| &nbsp;&nbsp;&nbsp; City of Springdale Arkansas Sales & Use Tax Revenue, <br> RB, Series B, (BAM), 4.13%, 08/01/47<br>| 3085 | &nbsp;&nbsp; 3022233 |
|  |  | &nbsp;&nbsp; 4216411 |
| **California — 5.2%** | **California — 5.2%** |  |
| &nbsp;&nbsp;&nbsp; California Enterprise Development Authority, RB, 8.00%, <br> 11/15/62<sup>(b)</sup><br>| 1025 | &nbsp;&nbsp; 1017049 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, Series A, Class B, AMT, Sustainability <br> Bonds, 9.50%, 01/01/65<sup>(b)</sup><br>| 3200 | &nbsp;&nbsp; 2560000 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, ARB, AMT, <br> Senior Lien, 5.00%, 12/31/43<br>| 800 | &nbsp;&nbsp; 804514 |
| &nbsp;&nbsp;&nbsp; California Pollution Control Financing Authority, RB, <br> AMT, 5.00%, 11/21/45<sup>(b)</sup><br>| 1755 | &nbsp;&nbsp; 1755058 |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, ARB, AMT, <br> Sustainability Bonds, 5.00%, 05/15/47<br>| 830 | &nbsp;&nbsp; 853098 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **California (continued)** | **California (continued)** |  |
| Hartnell Community College District, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series D, 7.00%, 08/01/34<sup>(c)</sup> | 1650 | &nbsp;&nbsp; $1778263 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 4.00%, 07/01/53 | 4125 | &nbsp;&nbsp; 3920679 |
| &nbsp;&nbsp;&nbsp; Norwalk-La Mirada Unified School District, Refunding <br> GO, Series E, Election 2002, (AGM), 0.00%, <br> 08/01/38<sup>(d)</sup><br>| 8000 | &nbsp;&nbsp; 4835840 |
| Palomar Community College District, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, Convertible, 6.20%, 08/01/39<sup>(c)</sup> | 2605 | &nbsp;&nbsp; 3275022 |
| &nbsp;&nbsp;&nbsp; Series B, Election 2006, 0.00%, 08/01/30<sup>(d)</sup> | 1500 | &nbsp;&nbsp; 1325614 |
| &nbsp;&nbsp;&nbsp; San Diego Community College District, GO, Election <br> 2002, 6.00%, 08/01/27<sup>(c)(e)</sup><br>| 2800 | &nbsp;&nbsp; 2975090 |
| San Diego County Regional Airport Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/47 | 1515 | &nbsp;&nbsp; 1518286 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, Subordinate, 5.00%, 07/01/56 | 2150 | &nbsp;&nbsp; 2181297 |
| San Diego Unified School District, GO<sup>(d)(f)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, 0.00%, 07/01/29 | 5315 | &nbsp;&nbsp; 4801432 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 07/01/29 | 685 | &nbsp;&nbsp; 618811 |
| &nbsp;&nbsp;&nbsp; Washington Township Health Care District, GO, <br> Series B, Election 2004, 5.50%, 08/01/40<br>| 920 | &nbsp;&nbsp; 925717 |
|  |  | &nbsp;&nbsp; 35145770 |
| **Colorado — 2.1%** | **Colorado — 2.1%** |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System <br> Revenue, Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/48 | 100 | &nbsp;&nbsp; 100749 |
| &nbsp;&nbsp;&nbsp; Series D, AMT, 5.75%, 11/15/45 | 1160 | &nbsp;&nbsp; 1252426 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Pledged Excise Tax <br> Revenue, RB, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 08/01/37 | 1490 | &nbsp;&nbsp; 912531 |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 08/01/38 | 915 | &nbsp;&nbsp; 531543 |
| &nbsp;&nbsp;&nbsp; Colorado Educational & Cultural Facilities Authority, RB, <br> 5.50%, 07/01/40<br>| 2510 | &nbsp;&nbsp; 2511420 |
| Colorado Health Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/01/47 | 480 | &nbsp;&nbsp; 505897 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/01/52 | 1000 | &nbsp;&nbsp; 1032218 |
| Colorado Health Facilities Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/46 | 1610 | &nbsp;&nbsp; 1504162 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 08/01/49 | 1950 | &nbsp;&nbsp; 1701100 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 05/15/52 | 1500 | &nbsp;&nbsp; 1372355 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/52 | 3000 | &nbsp;&nbsp; 3082267 |
|  |  | &nbsp;&nbsp; 14506668 |
| **Connecticut — 0.1%** | **Connecticut — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities <br> Authority, RB, 4.25%, 07/15/53<br>| 525 | &nbsp;&nbsp; 493690 |
| **Delaware — 0.2%** | **Delaware — 0.2%** |  |
| County of Kent Delaware, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/40 | 330 | &nbsp;&nbsp; 331257 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/53 | 775 | &nbsp;&nbsp; 721036 |
|  |  | &nbsp;&nbsp; 1052293 |
| **District of Columbia — 4.8%** | **District of Columbia — 4.8%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Housing Finance Agency, RB, M/F <br> Housing, Series B-2, 4.10%, 09/01/39<br>| 1300 | &nbsp;&nbsp; 1288048 |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Revenue, Refunding <br> RB, Series A, 5.25%, 06/01/50<br>| 2865 | &nbsp;&nbsp; 3095900 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Refunding GO, Series A, 5.25%, <br> 01/01/48<br>| 3745 | &nbsp;&nbsp; 3976832 |
| District of Columbia, Refunding RB, 5.00%, 10/01/48 | 265 | &nbsp;&nbsp; 261599 |
| District of Columbia, TA, 5.13%, 06/01/41 | 1195 | &nbsp;&nbsp; 1195805 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB, Series A, AMT, 5.25%, <br> 10/01/49<br>| 1190 | &nbsp;&nbsp; 1247254 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **District of Columbia (continued)** | **District of Columbia (continued)** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Dulles Toll <br> Road Revenue, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, 2nd Senior Lien, (AGM), 0.00%, <br> 10/01/34<sup>(d)</sup><br>| 10170 | &nbsp;&nbsp; $7506006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, 2nd Senior Lien, (AGM), 0.00%, <br> 10/01/35<sup>(d)</sup><br>| 13485 | &nbsp;&nbsp; 9479979 |
| &nbsp;&nbsp;&nbsp; Series B, Subordinate, 4.00%, 10/01/49 | 2000 | &nbsp;&nbsp; 1781527 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority <br> Dedicated Revenue, RB, Series A, 2nd Lien, <br> Sustainability Bonds, 4.38%, 07/15/59<br>| 2690 | &nbsp;&nbsp; 2651290 |
|  |  | &nbsp;&nbsp; 32484240 |
| **Florida — 4.5%** | **Florida — 4.5%** |  |
| Capital Trust Agency, Inc., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/55 | 305 | &nbsp;&nbsp; 258510 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/45 | 480 | &nbsp;&nbsp; 416906 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 06/01/57 | 170 | &nbsp;&nbsp; 148208 |
| &nbsp;&nbsp;&nbsp; City of Gainesville Florida Utilities System Revenue, <br> Refunding RB, Series A, 5.00%, 10/01/29<sup>(e)</sup><br>| 20 | &nbsp;&nbsp; 21750 |
| &nbsp;&nbsp;&nbsp; City of South Miami Health Facilities Authority, Inc., <br> Refunding RB, 5.00%, 08/15/42<br>| 1290 | &nbsp;&nbsp; 1310355 |
| &nbsp;&nbsp;&nbsp; Collier County Industrial Development Authority, RB, <br> Series A, (AGM), 5.00%, 10/01/54<br>| 3500 | &nbsp;&nbsp; 3605254 |
| &nbsp;&nbsp;&nbsp; County of Broward Florida Airport System Revenue, <br> ARB, Series A, AMT, 5.00%, 10/01/44<br>| 395 | &nbsp;&nbsp; 402919 |
| &nbsp;&nbsp;&nbsp; County of Broward Florida Water & Sewer Utility <br> Revenue, RB, Series A, 4.00%, 10/01/45<br>| 585 | &nbsp;&nbsp; 570868 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue, <br> Refunding ARB, Series A, AMT, 5.00%, 10/01/44<br>| 3525 | &nbsp;&nbsp; 3571669 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue, <br> Refunding RB, Series B, AMT, 5.00%, 10/01/40<br>| 3120 | &nbsp;&nbsp; 3156810 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Seaport Department, Refunding <br> RB, Series A, AMT, 5.25%, 10/01/52<br>| 1245 | &nbsp;&nbsp; 1271981 |
| &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%, 10/01/46 | 260 | &nbsp;&nbsp; 87056 |
| &nbsp;&nbsp;&nbsp; Series A-2, 0.00%, 10/01/47 | 435 | &nbsp;&nbsp; 136905 |
| County of Pasco Florida, RB, (AGM), 5.75%, 09/01/54 | 500 | &nbsp;&nbsp; 537478 |
| &nbsp;&nbsp;&nbsp; Cypress Bluff Community Development District, SAB, <br> Series A, 3.80%, 05/01/50<sup>(b)</sup><br>| 430 | &nbsp;&nbsp; 355822 |
| Florida Development Finance Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/56 | 75 | &nbsp;&nbsp; 70884 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 05/01/29<sup>(b)</sup> | 270 | &nbsp;&nbsp; 272685 |
| Florida Development Finance Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.00%, 07/01/44 | 6495 | &nbsp;&nbsp; 6466336 |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.25%, 07/01/47 | 1600 | &nbsp;&nbsp; 1591757 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, 6.30%, <br> 05/01/54<br>| 570 | &nbsp;&nbsp; 601430 |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB, Series A, <br> 5.00%, 10/01/53<br>| 1075 | &nbsp;&nbsp; 1102159 |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health Facilities Authority, <br> Refunding RB, 4.00%, 08/15/49<br>| 1185 | &nbsp;&nbsp; 1064222 |
| &nbsp;&nbsp;&nbsp; Southern Groves Community Development District No. <br> 5, Refunding SAB, 4.00%, 05/01/43<br>| 220 | &nbsp;&nbsp; 197872 |
| &nbsp;&nbsp;&nbsp; Stevens Plantation Community Development District, <br> SAB, Series A, 7.10%, 05/01/35<sup>(g)(h)</sup><br>| 800 | &nbsp;&nbsp; 544093 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| Trout Creek Community Development District, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/40 | 630 | &nbsp;&nbsp; $595877 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/51 | 1050 | &nbsp;&nbsp; 875698 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SAB, <br> 5.25%, 05/01/54<sup>(b)</sup><br>| 585 | &nbsp;&nbsp; 586778 |
| &nbsp;&nbsp;&nbsp; Westside Community Development District, SAB, <br> 4.00%, 05/01/50<br>| 815 | &nbsp;&nbsp; 688073 |
|  |  | &nbsp;&nbsp; 30510355 |
| **Georgia — 2.6%** | **Georgia — 2.6%** |  |
| &nbsp;&nbsp;&nbsp; City of Atlanta Georgia Department of Aviation, <br> Refunding ARB, Series B, AMT, 5.00%, 07/01/52<br>| 1520 | &nbsp;&nbsp; 1555057 |
| &nbsp;&nbsp;&nbsp; County of DeKalb Georgia Water & Sewerage Revenue, <br> Refunding RB, 5.00%, 10/01/48<br>| 3135 | &nbsp;&nbsp; 3266960 |
| &nbsp;&nbsp;&nbsp; Dalton Whitfield County Joint Development Authority, <br> RB, 4.00%, 08/15/48<br>| 2615 | &nbsp;&nbsp; 2418520 |
| &nbsp;&nbsp;&nbsp; East Point Business & Industrial Development Authority, <br> RB, Series A, 5.25%, 06/15/62<sup>(b)</sup><br>| 535 | &nbsp;&nbsp; 351012 |
| &nbsp;&nbsp;&nbsp; Gainesville & Hall County Hospital Authority, RB, <br> Series A, 4.00%, 02/15/51<br>| 1460 | &nbsp;&nbsp; 1288078 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., RB, Series A, 5.00%, <br> 06/01/53<sup>(a)</sup><br>| 7815 | &nbsp;&nbsp; 8285039 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia, RB, Series A, <br> 5.00%, 01/01/59<br>| 480 | &nbsp;&nbsp; 479529 |
|  |  | &nbsp;&nbsp; 17644195 |
| **Hawaii — 0.7%** | **Hawaii — 0.7%** |  |
| State of Hawaii Airports System Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/49 | 4090 | &nbsp;&nbsp; 4374507 |
| &nbsp;&nbsp;&nbsp; AMT, 5.25%, 08/01/26 | 460 | &nbsp;&nbsp; 460859 |
|  |  | &nbsp;&nbsp; 4835366 |
| **Idaho — 0.4%** | **Idaho — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association, RB, S/F Housing, <br> Series A, (FHLMC, FNMA, GNMA), 4.60%, 01/01/49<br>| 790 | &nbsp;&nbsp; 783684 |
| &nbsp;&nbsp;&nbsp; Power County Industrial Development Corp., RB, <br> 6.45%, 08/01/32<br>| 2000 | &nbsp;&nbsp; 2028975 |
|  |  | &nbsp;&nbsp; 2812659 |
| **Illinois — 8.5%** | **Illinois — 8.5%** |  |
| Chicago Board of Education, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/34 | 1760 | &nbsp;&nbsp; 1771165 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/40 | 1410 | &nbsp;&nbsp; 1363663 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/42 | 1480 | &nbsp;&nbsp; 1397716 |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 12/01/50 | 2955 | &nbsp;&nbsp; 3089021 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 12/01/35 | 900 | &nbsp;&nbsp; 899984 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 12/01/46 | 3480 | &nbsp;&nbsp; 3157684 |
| &nbsp;&nbsp;&nbsp; Series H, 5.00%, 12/01/36 | 585 | &nbsp;&nbsp; 581827 |
| Chicago Board of Education, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 12/01/43<sup>(i)</sup> | 1100 | &nbsp;&nbsp; 1146655 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 12/01/27 | 500 | &nbsp;&nbsp; 506112 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 12/01/34 | 475 | &nbsp;&nbsp; 475012 |
| &nbsp;&nbsp;&nbsp; Series G, 5.00%, 12/01/34 | 315 | &nbsp;&nbsp; 315008 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport, Refunding ARB, <br> Series B, 5.00%, 01/01/46<br>| 1670 | &nbsp;&nbsp; 1675573 |
| Chicago O'Hare International Airport, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, AMT, Senior Lien, 4.63%, 01/01/53 | 5880 | &nbsp;&nbsp; 5739092 |
| &nbsp;&nbsp;&nbsp; Series B, Senior Lien, 4.50%, 01/01/56 | 6720 | &nbsp;&nbsp; 6459236 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Illinois (continued)** | **Illinois (continued)** |  |
| Chicago O'Hare International Airport, Refunding ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.25%, 01/01/48 | 1660 | &nbsp;&nbsp; $1739054 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 4.38%, 01/01/53 | 1390 | &nbsp;&nbsp; 1292188 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Wastewater Transmission <br> Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%, <br> 01/01/58<br>| 885 | &nbsp;&nbsp; 924087 |
| Illinois Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 07/15/47 | 1485 | &nbsp;&nbsp; 1355205 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 02/15/27<sup>(e)</sup> | 60 | &nbsp;&nbsp; 61048 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 02/15/41 | 5 | &nbsp;&nbsp; 4869 |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority, RB, Series A, <br> 5.00%, 01/01/40<br>| 5625 | &nbsp;&nbsp; 5630025 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, RB, 5.00%, <br> 06/15/57<br>| 2370 | &nbsp;&nbsp; 2359572 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, Refunding <br> RB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, (AGM), 0.00%, 06/15/44 | 3765 | &nbsp;&nbsp; 1613741 |
| &nbsp;&nbsp;&nbsp; Series B, (AGM), 0.00%, 06/15/47 | 22775 | &nbsp;&nbsp; 8279289 |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/39 | 795 | &nbsp;&nbsp; 851359 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 05/01/41 | 1770 | &nbsp;&nbsp; 1890361 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 11/01/28 | 900 | &nbsp;&nbsp; 935285 |
| &nbsp;&nbsp;&nbsp; Series F, 5.25%, 09/01/48 | 1805 | &nbsp;&nbsp; 1877034 |
|  |  | &nbsp;&nbsp; 57390865 |
| **Indiana — 1.1%** | **Indiana — 1.1%** |  |
| &nbsp;&nbsp;&nbsp; City of Valparaiso Indiana, Refunding RB, AMT, 4.50%, <br> 01/01/34<sup>(b)</sup><br>| 385 | &nbsp;&nbsp; 398334 |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, RB, Series A, 5.00%, <br> 10/01/53<br>| 2150 | &nbsp;&nbsp; 2220194 |
| Indiana Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/01/46 | 1765 | &nbsp;&nbsp; 1904213 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/01/47 | 610 | &nbsp;&nbsp; 656323 |
| &nbsp;&nbsp;&nbsp; Indiana Housing & Community Development Authority, <br> RB, S/F Housing, Series A-1, Sustainability Bonds, <br> (FHLMC, FNMA, GNMA), 4.65%, 07/01/49<br>| 2475 | &nbsp;&nbsp; 2477750 |
|  |  | &nbsp;&nbsp; 7656814 |
| **Kentucky — 1.9%** | **Kentucky — 1.9%** |  |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority, Refunding RB, <br> Series B, 5.00%, 01/01/55<sup>(a)</sup><br>| 4430 | &nbsp;&nbsp; 4812015 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Transportation Infrastructure Authority, <br> RB, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Convertible, 6.45%, 07/01/34 | 500 | &nbsp;&nbsp; 585331 |
| &nbsp;&nbsp;&nbsp; Convertible, 6.60%, 07/01/39 | 830 | &nbsp;&nbsp; 955420 |
| &nbsp;&nbsp;&nbsp; Convertible, 6.75%, 07/01/43 | 1770 | &nbsp;&nbsp; 2006870 |
| University of Kentucky, RB, Class A, 5.00%, 04/01/55 | 4415 | &nbsp;&nbsp; 4552398 |
|  |  | &nbsp;&nbsp; 12912034 |
| **Louisiana — 2.1%** | **Louisiana — 2.1%** |  |
| Louisiana Public Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/53 | 4140 | &nbsp;&nbsp; 4135616 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 09/01/64 | 3235 | &nbsp;&nbsp; 3354342 |
| Louisiana Stadium & Exposition District, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/48 | 1915 | &nbsp;&nbsp; 1964046 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 07/01/53 | 3520 | &nbsp;&nbsp; 3658577 |
| &nbsp;&nbsp;&nbsp; Port New Orleans Board of Commissioners, ARB, <br> Series E, AMT, 5.00%, 04/01/44<br>| 965 | &nbsp;&nbsp; 980294 |
|  |  | &nbsp;&nbsp; 14092875 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Maryland — 0.2%** | **Maryland — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities <br> Authority, RB, Series C, 5.00%, 05/15/45<br>| $1695 | &nbsp;&nbsp; $1709507 |
| **Massachusetts — 2.0%** | **Massachusetts — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts Transportation Fund <br> Revenue, RB, Series B, 5.00%, 06/01/52<br>| 1240 | &nbsp;&nbsp; 1288804 |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series D, <br> 5.00%, 10/01/50<br>| 1195 | &nbsp;&nbsp; 1251205 |
| Massachusetts Development Finance Agency, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/48 | 830 | &nbsp;&nbsp; 755802 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/47 | 3960 | &nbsp;&nbsp; 3852694 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/40 | 400 | &nbsp;&nbsp; 399911 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/35 | 500 | &nbsp;&nbsp; 501110 |
| &nbsp;&nbsp;&nbsp; Series P, 5.45%, 05/15/59 | 2010 | &nbsp;&nbsp; 2167103 |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority, ARB, Series E, AMT, <br> 5.00%, 07/01/46<br>| 3100 | &nbsp;&nbsp; 3161565 |
|  |  | &nbsp;&nbsp; 13378194 |
| **Michigan — 1.5%** | **Michigan — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; City of Detroit Michigan Water Supply System Revenue, <br> RB, Series B, 2nd Lien, (AGM), 6.25%, 07/01/36<br>| 5 | &nbsp;&nbsp; 5013 |
| &nbsp;&nbsp;&nbsp; City of Lansing Michigan, Refunding GO, Series B, <br> (AGM), 4.13%, 06/01/48<br>| 1360 | &nbsp;&nbsp; 1304033 |
| &nbsp;&nbsp;&nbsp; Eastern Michigan University, RB, Series A, 4.00%, <br> 03/01/28<sup>(e)</sup><br>| 45 | &nbsp;&nbsp; 46386 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, RB, Sustainability Bonds, <br> 5.50%, 02/28/57<br>| 4780 | &nbsp;&nbsp; 5009011 |
| &nbsp;&nbsp;&nbsp; Michigan State Building Authority, Refunding RB, <br> Series I, 4.00%, 10/15/52<br>| 710 | &nbsp;&nbsp; 652822 |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, S/F <br> Housing, Series D, Sustainability Bonds, 4.45%, <br> 12/01/49<br>| 1085 | &nbsp;&nbsp; 1065786 |
| Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43 | 1795 | &nbsp;&nbsp; 1796945 |
|  |  | &nbsp;&nbsp; 9879996 |
| **Minnesota — 1.2%** | **Minnesota — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; City of Spring Lake Park Minnesota, RB, 5.00%, <br> 06/15/39<br>| 1080 | &nbsp;&nbsp; 1061332 |
| Duluth Economic Development Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 02/15/48 | 3800 | &nbsp;&nbsp; 3548216 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 02/15/58 | 1605 | &nbsp;&nbsp; 1614332 |
| &nbsp;&nbsp;&nbsp; Minnesota Agricultural & Economic Development Board, <br> RB, 5.25%, 01/01/54<br>| 1660 | &nbsp;&nbsp; 1727573 |
|  |  | &nbsp;&nbsp; 7951453 |
| **Mississippi — 0.8%** | **Mississippi — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank, RB, (AGM), 6.88%, <br> 12/01/40<br>| 3595 | &nbsp;&nbsp; 3653887 |
| &nbsp;&nbsp;&nbsp; Mississippi Home Corp., RB, S/F Housing, Series C, <br> (FHLMC, FNMA, GNMA), 4.80%, 12/01/49<br>| 1970 | &nbsp;&nbsp; 1990898 |
|  |  | &nbsp;&nbsp; 5644785 |
| **Missouri — 1.0%** | **Missouri — 1.0%** |  |
| &nbsp;&nbsp;&nbsp; Health & Educational Facilities Authority of the State of <br> Missouri, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 02/15/49 | 1910 | &nbsp;&nbsp; 1714470 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 04/01/55 | 360 | &nbsp;&nbsp; 340397 |
| Kansas City Industrial Development Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Class B, AMT, (AGM), 5.00%, 03/01/49 | 1755 | &nbsp;&nbsp; 1764529 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Missouri (continued)** | **Missouri (continued)** |  |
| &nbsp;&nbsp;&nbsp; Kansas City Industrial Development Authority, <br> ARB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Class B, AMT, (AGM), 5.00%, 03/01/55 | 1775 | &nbsp;&nbsp; $1779576 |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development Commission, RB, S/F <br> Housing, Series C, (FHLMC, FNMA, GNMA), 4.55%, <br> 11/01/44<br>| 1335 | &nbsp;&nbsp; 1350611 |
|  |  | &nbsp;&nbsp; 6949583 |
| **Nevada — 0.1%** | **Nevada — 0.1%** |  |
| Tahoe-Douglas Visitors Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/40 | 310 | &nbsp;&nbsp; 319070 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/45 | 420 | &nbsp;&nbsp; 422756 |
|  |  | &nbsp;&nbsp; 741826 |
| **New Hampshire — 3.0%** | **New Hampshire — 3.0%** |  |
| New Hampshire Business Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A1, 4.09%, 01/20/41<sup>(a)</sup> | 1010 | &nbsp;&nbsp; 1006076 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 5.50%, 06/01/55 | 8010 | &nbsp;&nbsp; 8426274 |
| &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 | 1525 | &nbsp;&nbsp; 1592039 |
| &nbsp;&nbsp;&nbsp; Series 2025, Subordinate, 5.15%, 09/28/37 | 2395 | &nbsp;&nbsp; 2422597 |
| &nbsp;&nbsp;&nbsp; Class A-1, Sustainability Bonds, 0.00%, 11/20/42<sup>(a)</sup> | 6049 | &nbsp;&nbsp; 5946444 |
| &nbsp;&nbsp;&nbsp; Series 2, Sustainability Bonds, 4.25%, 07/20/41 | 957 | &nbsp;&nbsp; 954121 |
|  |  | &nbsp;&nbsp; 20347551 |
| **New Jersey — 6.6%** | **New Jersey — 6.6%** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, ARB, <br> Series B, AMT, 5.63%, 11/15/30<br>| 660 | &nbsp;&nbsp; 660004 |
| New Jersey Economic Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/28<sup>(e)</sup> | 60 | &nbsp;&nbsp; 64464 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/34 | 365 | &nbsp;&nbsp; 394812 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/36 | 460 | &nbsp;&nbsp; 493858 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/43 | 100 | &nbsp;&nbsp; 102928 |
| &nbsp;&nbsp;&nbsp; Class A, 5.25%, 11/01/47 | 4795 | &nbsp;&nbsp; 5067425 |
| &nbsp;&nbsp;&nbsp; Series B, 4.50%, 06/15/40 | 1270 | &nbsp;&nbsp; 1292121 |
| &nbsp;&nbsp;&nbsp; Series EEE, 5.00%, 06/15/48 | 4275 | &nbsp;&nbsp; 4353670 |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.00%, 01/01/31 | 790 | &nbsp;&nbsp; 791489 |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.13%, 07/01/42 | 200 | &nbsp;&nbsp; 200208 |
| &nbsp;&nbsp;&nbsp; AMT, 5.38%, 01/01/43 | 3000 | &nbsp;&nbsp; 3002684 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, <br> Refunding SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/28 | 2218 | &nbsp;&nbsp; 2293101 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/31 | 2675 | &nbsp;&nbsp; 2690675 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance <br> Authority, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 1-B, AMT, 4.50%, 12/01/45 | 835 | &nbsp;&nbsp; 856352 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, Subordinate, 5.00%, 12/01/52 | 3425 | &nbsp;&nbsp; 3398052 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/28<sup>(e)</sup> | 725 | &nbsp;&nbsp; 778942 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/32<sup>(e)</sup> | 4075 | &nbsp;&nbsp; 4739341 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/45 | 900 | &nbsp;&nbsp; 900272 |
| &nbsp;&nbsp;&nbsp; Series AA, 5.00%, 06/15/46 | 400 | &nbsp;&nbsp; 400101 |
| &nbsp;&nbsp;&nbsp; Series S, 4.13%, 06/15/39 | 1040 | &nbsp;&nbsp; 1050638 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, <br> CAB, Series A, 0.00%, 12/15/35<sup>(d)</sup><br>| 1000 | &nbsp;&nbsp; 704539 |
| &nbsp;&nbsp;&nbsp; New Jersey Turnpike Authority, RB, Series A, 5.25%, <br> 01/01/55<br>| 2975 | &nbsp;&nbsp; 3199132 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey (continued)** | **New Jersey (continued)** |  |
| Tobacco Settlement Financing Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/46 | 2995 | &nbsp;&nbsp; $2962736 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 06/01/46 | 4430 | &nbsp;&nbsp; 4441219 |
|  |  | &nbsp;&nbsp; 44838763 |
| **New Mexico — 0.0%** | **New Mexico — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; City of Santa Fe New Mexico, RB, Series A, 5.00%, <br> 05/15/44<br>| 200 | &nbsp;&nbsp; 194226 |
| **New York — 13.1%** | **New York — 13.1%** |  |
| City of New York, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/01/46 | 2265 | &nbsp;&nbsp; 2369365 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.25%, 09/01/50 | 5000 | &nbsp;&nbsp; 5314220 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.25%, 02/01/53 | 550 | &nbsp;&nbsp; 586096 |
| &nbsp;&nbsp;&nbsp; Empire State Development Corp., Refunding RB, <br> 4.00%, 03/15/49<br>| 1850 | &nbsp;&nbsp; 1710394 |
| &nbsp;&nbsp;&nbsp; Erie Tobacco Asset Securitization Corp., Refunding RB, <br> Series A, 5.00%, 06/01/45<br>| 3585 | &nbsp;&nbsp; 2960787 |
| Metropolitan Transportation Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.25%, 11/15/56 | 10 | &nbsp;&nbsp; 10042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (BAM), 4.00%, <br> 11/15/48<br>| 2770 | &nbsp;&nbsp; 2533521 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 4.75%, 11/15/45 | 1950 | &nbsp;&nbsp; 1956252 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 5.00%, 11/15/50 | 370 | &nbsp;&nbsp; 376230 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 5.25%, 11/15/55 | 1040 | &nbsp;&nbsp; 1070197 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp., RB, M/F <br> Housing, Series A, Sustainability Bonds, (FHLMC, <br> FNMA, GNMA, HUD SECT 8), 4.70%, 08/01/54<br>| 2565 | &nbsp;&nbsp; 2558052 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series DD, 4.13%, 06/15/46 | 1010 | &nbsp;&nbsp; 983806 |
| &nbsp;&nbsp;&nbsp; Series DD, 4.13%, 06/15/47 | 1605 | &nbsp;&nbsp; 1559481 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Subordinate, 5.25%, 05/01/52 | 2255 | &nbsp;&nbsp; 2412016 |
| &nbsp;&nbsp;&nbsp; Series F-1, Subordinate, 4.00%, 02/01/51 | 10500 | &nbsp;&nbsp; 9735865 |
| New York Counties Tobacco Trust IV, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/38 | 1345 | &nbsp;&nbsp; 1251845 |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 06/01/41<sup>(b)</sup> | 2849 | &nbsp;&nbsp; 2741426 |
| New York Counties Tobacco Trust VI, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A-2B, 5.00%, 06/01/45 | 255 | &nbsp;&nbsp; 223140 |
| &nbsp;&nbsp;&nbsp; Series A-2B, 5.00%, 06/01/51 | 245 | &nbsp;&nbsp; 206869 |
| New York Liberty Development Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Class 2, 5.38%, 11/15/40<sup>(b)</sup> | 1450 | &nbsp;&nbsp; 1450267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (BAM-TCRS), 3.00%, <br> 11/15/51<br>| 4565 | &nbsp;&nbsp; 3352975 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 3.00%, 11/15/51 | 1685 | &nbsp;&nbsp; 1217605 |
| &nbsp;&nbsp;&nbsp; New York Power Authority, RB, Series A, Sustainability <br> Bonds, (AGM), 5.13%, 11/15/58<br>| 1305 | &nbsp;&nbsp; 1371602 |
| &nbsp;&nbsp;&nbsp; New York Power Authority, Refunding RB, Series A, <br> Sustainability Bonds, 4.00%, 11/15/55<br>| 1160 | &nbsp;&nbsp; 1071812 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, RB, Series A, <br> 11/15/55<sup>(i)</sup><br>| 700 | &nbsp;&nbsp; 701773 |
| New York State Dormitory Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.25%, 05/01/54 | 2175 | &nbsp;&nbsp; 2265098 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 03/15/54 | 1600 | &nbsp;&nbsp; 1479195 |
| &nbsp;&nbsp;&nbsp; New York State Thruway Authority, RB, Sustainability <br> Bonds, 4.13%, 03/15/57<br>| 2415 | &nbsp;&nbsp; 2258904 |
| New York Transportation Development Corp., ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.63%, 04/01/40 | 1265 | &nbsp;&nbsp; 1328305 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, (AGM), 6.00%, 06/30/60 | 2840 | &nbsp;&nbsp; 3069767 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** |  |
| New York Transportation Development Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 10/01/35 | 1910 | &nbsp;&nbsp; $1998000 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 6.00%, 06/30/54 | 1935 | &nbsp;&nbsp; 2019137 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, (AGM), 5.25%, 06/30/60 | 3880 | &nbsp;&nbsp; 3949769 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 5.50%, 06/30/60 | 7055 | &nbsp;&nbsp; 7202948 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Refunding <br> RB, Series A, AMT, Sustainability Bonds, 5.50%, <br> 12/31/60<br>| 3275 | &nbsp;&nbsp; 3344716 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, Refunding <br> ARB, AMT, 5.00%, 01/15/52<br>| 3000 | &nbsp;&nbsp; 3072249 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Sales Tax <br> Revenue, RB, Series A, 4.25%, 05/15/58<br>| 6415 | &nbsp;&nbsp; 6150890 |
| TSASC, Inc., Refunding RB, Series A, 5.00%, 06/01/41 | 535 | &nbsp;&nbsp; 536490 |
| &nbsp;&nbsp;&nbsp; Westchester Tobacco Asset Securitization Corp., <br> Refunding RB, Sub-Series C, 4.00%, 06/01/42<br>| 290 | &nbsp;&nbsp; 236699 |
|  |  | &nbsp;&nbsp; 88637805 |
| **North Carolina — 0.3%** | **North Carolina — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; North Carolina Housing Finance Agency, RB, S/F <br> Housing, Series 54-A, (FHLMC, FNMA, GNMA), <br> 4.70%, 07/01/50<br>| 1445 | &nbsp;&nbsp; 1456146 |
| &nbsp;&nbsp;&nbsp; University of North Carolina at Chapel Hill, RB, 5.00%, <br> 02/01/49<br>| 460 | &nbsp;&nbsp; 514156 |
|  |  | &nbsp;&nbsp; 1970302 |
| **North Dakota — 0.4%** | **North Dakota — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; North Dakota Housing Finance Agency, RB, S/F <br> Housing, Series C, Sustainability Bonds, 4.75%, <br> 07/01/49<br>| 2585 | &nbsp;&nbsp; 2619541 |
| **Ohio — 1.6%** | **Ohio — 1.6%** |  |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-2, Class 1, 4.00%, 06/01/48 | 610 | &nbsp;&nbsp; 528112 |
| &nbsp;&nbsp;&nbsp; Series B-2, Class 2, 5.00%, 06/01/55 | 3495 | &nbsp;&nbsp; 2928947 |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority, Refunding ARB, <br> Series A, Class A, AMT, 5.50%, 01/01/55<br>| 1745 | &nbsp;&nbsp; 1846122 |
| County of Franklin Ohio, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 12/01/44 | 365 | &nbsp;&nbsp; 344925 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/47 | 290 | &nbsp;&nbsp; 292134 |
| &nbsp;&nbsp;&nbsp; Ohio Housing Finance Agency, RB, S/F Housing, <br> Series B, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.65%, 09/01/49<br>| 3115 | &nbsp;&nbsp; 3117888 |
| &nbsp;&nbsp;&nbsp; State of Ohio, Refunding RB, Series A, (BAM-TCRS), <br> 4.00%, 01/15/50<br>| 2250 | &nbsp;&nbsp; 1979980 |
|  |  | &nbsp;&nbsp; 11038108 |
| **Oklahoma — 0.6%** | **Oklahoma — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Creek County Educational Facilities Authority, RB, <br> (BAM), 4.13%, 09/01/48<br>| 890 | &nbsp;&nbsp; 858644 |
| &nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority, RB, <br> Series B, 5.50%, 08/15/52<br>| 1080 | &nbsp;&nbsp; 1084217 |
| &nbsp;&nbsp;&nbsp; Oklahoma Turnpike Authority, RB, Series A, (AGM), <br> 4.25%, 01/01/55<br>| 970 | &nbsp;&nbsp; 946406 |
| &nbsp;&nbsp;&nbsp; Tulsa Municipal Airport Trust Trustees, Refunding ARB, <br> AMT, 6.25%, 12/01/35<br>| 1335 | &nbsp;&nbsp; 1539521 |
|  |  | &nbsp;&nbsp; 4428788 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Oregon — 0.1%** | **Oregon — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 0.00%, 06/15/27<sup>(e)</sup> | $55 | &nbsp;&nbsp; $32180 |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 0.00%, 06/15/38 | 455 | &nbsp;&nbsp; 258427 |
| &nbsp;&nbsp;&nbsp; Port of Portland Oregon Airport Revenue, ARB, <br> Series 24B, AMT, 5.00%, 07/01/47<br>| 135 | &nbsp;&nbsp; 135356 |
|  |  | &nbsp;&nbsp; 425963 |
| **Pennsylvania — 4.6%** | **Pennsylvania — 4.6%** |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority, ARB, Series A, AMT, <br> (AGM-CR), 4.00%, 01/01/56<br>| 1670 | &nbsp;&nbsp; 1455068 |
| &nbsp;&nbsp;&nbsp; Allegheny County Hospital Development Authority, <br> Refunding RB, Series A, (AGM-CR), 5.00%, <br> 04/01/47<br>| 2130 | &nbsp;&nbsp; 2157722 |
| &nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority, RB, 5.00%, <br> 11/01/51<br>| 2490 | &nbsp;&nbsp; 2506639 |
| &nbsp;&nbsp;&nbsp; Montgomery County Higher Education and Health <br> Authority, Refunding RB, 4.00%, 09/01/51<br>| 1430 | &nbsp;&nbsp; 1263407 |
| &nbsp;&nbsp;&nbsp; Montgomery County Industrial Development Authority, <br> RB, Series C, 5.00%, 11/15/45<br>| 605 | &nbsp;&nbsp; 605230 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing <br> Authority, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/30/42 | 390 | &nbsp;&nbsp; 390956 |
| &nbsp;&nbsp;&nbsp; AMT, 5.50%, 06/30/38 | 785 | &nbsp;&nbsp; 847499 |
| &nbsp;&nbsp;&nbsp; AMT, 5.50%, 06/30/40 | 2000 | &nbsp;&nbsp; 2119001 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 06/30/48 | 3150 | &nbsp;&nbsp; 3284197 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing <br> Authority, Refunding RB, AMT, 5.50%, 11/01/44<br>| 1905 | &nbsp;&nbsp; 1906102 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/55 | 1925 | &nbsp;&nbsp; 2092575 |
| &nbsp;&nbsp;&nbsp; Series B2, 4.38%, 11/01/54 | 1865 | &nbsp;&nbsp; 1713219 |
| &nbsp;&nbsp;&nbsp; Series B2, 5.50%, 11/01/54 | 2280 | &nbsp;&nbsp; 2423907 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F <br> Housing, Series 145A, Sustainability Bonds, 4.75%, <br> 10/01/49<br>| 5595 | &nbsp;&nbsp; 5620141 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, Refunding RB, <br> S/F Housing, Series 142-A, Sustainability Bonds, <br> 5.00%, 10/01/50<br>| 1130 | &nbsp;&nbsp; 1141790 |
| Pennsylvania Turnpike Commission, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Subordinate, 4.00%, 12/01/50 | 1075 | &nbsp;&nbsp; 981082 |
| &nbsp;&nbsp;&nbsp; Series B, Subordinate, 4.00%, 12/01/51 | 610 | &nbsp;&nbsp; 553889 |
|  |  | &nbsp;&nbsp; 31062424 |
| **Puerto Rico — 5.2%** | **Puerto Rico — 5.2%** |  |
| Commonwealth of Puerto Rico, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.63%, 07/01/29 | 3910 | &nbsp;&nbsp; 4176061 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.75%, 07/01/31 | 3524 | &nbsp;&nbsp; 3906884 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.75%, 07/01/53 | 7770 | &nbsp;&nbsp; 7346551 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.00%, 07/01/58 | 12569 | &nbsp;&nbsp; 12207524 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.78%, 07/01/58 | 2097 | &nbsp;&nbsp; 1972011 |
| &nbsp;&nbsp;&nbsp; Series B-2, Restructured, 4.78%, 07/01/58 | 412 | &nbsp;&nbsp; 387443 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB, CAB, Series A-1, Restructured, 0.00%, <br> 07/01/46<sup>(d)</sup><br>| 15519 | &nbsp;&nbsp; 5401117 |
|  |  | &nbsp;&nbsp; 35397591 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Rhode Island — 0.7%** | **Rhode Island — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Rhode Island Housing & Mortgage Finance Corp., RB, <br> S/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, (GNMA), 4.60%, 10/01/44 | $2970 | &nbsp;&nbsp; $3022625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (GNMA), 4.45%, <br> 10/01/44<br>| 1550 | &nbsp;&nbsp; 1562775 |
|  |  | &nbsp;&nbsp; 4585400 |
| **South Carolina — 2.4%** | **South Carolina — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; Charleston County Airport District, ARB, Series A, AMT, <br> 5.25%, 07/01/54<br>| 1150 | &nbsp;&nbsp; 1195920 |
| County of Berkeley South Carolina, SAB |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/01/40 | 315 | &nbsp;&nbsp; 295210 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/01/49 | 470 | &nbsp;&nbsp; 418753 |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, RB, Series A1, <br> 5.25%, 10/01/54<sup>(a)</sup><br>| 1575 | &nbsp;&nbsp; 1718150 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/55<sup>(b)</sup> | 845 | &nbsp;&nbsp; 700538 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/48 | 625 | &nbsp;&nbsp; 669348 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/50 | 1340 | &nbsp;&nbsp; 1428371 |
| &nbsp;&nbsp;&nbsp; Series A, 4.50%, 11/01/54 | 3310 | &nbsp;&nbsp; 3254773 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/54 | 2285 | &nbsp;&nbsp; 2432409 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/44 | 2015 | &nbsp;&nbsp; 1894301 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 05/01/48 | 1385 | &nbsp;&nbsp; 1310573 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Refunding RB, <br> Series B, 5.00%, 12/01/46<br>| 960 | &nbsp;&nbsp; 1000096 |
| &nbsp;&nbsp;&nbsp; South Carolina State Housing Finance & Development <br> Authority, Refunding RB, S/F Housing, Series A, <br> 4.95%, 07/01/53<br>| 205 | &nbsp;&nbsp; 209063 |
|  |  | &nbsp;&nbsp; 16527505 |
| **Tennessee — 2.2%** | **Tennessee — 2.2%** |  |
| &nbsp;&nbsp;&nbsp; Knox County Health Educational & Housing Facility <br> Board, RB, Series A-1, (BAM), 5.50%, 07/01/59<br>| 430 | &nbsp;&nbsp; 454276 |
| &nbsp;&nbsp;&nbsp; Memphis-Shelby County Airport Authority, ARB, <br> Series A, AMT, 5.00%, 07/01/49<br>| 8775 | &nbsp;&nbsp; 8913020 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Fcilities Board, RB, 5.25%, <br> 05/01/48<br>| 555 | &nbsp;&nbsp; 577845 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Fcilities Board, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/01/49 | 230 | &nbsp;&nbsp; 192102 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/58 | 2930 | &nbsp;&nbsp; 2833419 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson <br> County TN Water & Sewer Revenue, Refunding RB, <br> 5.25%, 07/01/55<br>| 1730 | &nbsp;&nbsp; 1842857 |
|  |  | &nbsp;&nbsp; 14813519 |
| **Texas — 10.9%** | **Texas — 10.9%** |  |
| &nbsp;&nbsp;&nbsp; Alamo Heights Independent School District, GO, (PSF), <br> 4.00%, 02/01/51<br>| 1300 | &nbsp;&nbsp; 1219464 |
| Arlington Higher Education Finance Corp., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/62 | 1165 | &nbsp;&nbsp; 582500 |
| &nbsp;&nbsp;&nbsp; 7.88%, 11/01/62 | 1005 | &nbsp;&nbsp; 603000 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Airport System Revenue, ARB, <br> AMT, 5.25%, 11/15/47<br>| 2500 | &nbsp;&nbsp; 2596912 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System <br> Revenue, Refunding RB, 5.00%, 11/15/53<br>| 1750 | &nbsp;&nbsp; 1845305 |
| &nbsp;&nbsp;&nbsp; City of Corpus Christi Texas Utility System Revenue, <br> Refunding RB, 4.13%, 07/15/53<br>| 1255 | &nbsp;&nbsp; 1162862 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; City of Galveston Texas Wharves & Terminal Revenue, <br> ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 1st Lien, 5.50%, 08/01/43 | $100 | &nbsp;&nbsp; $105933 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 1st Lien, 5.50%, 08/01/44 | 100 | &nbsp;&nbsp; 104962 |
| &nbsp;&nbsp;&nbsp; City of Garland Texas Electric Utility System Revenue, <br> Refunding RB, (AGM), 4.25%, 03/01/48<br>| 275 | &nbsp;&nbsp; 268355 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, ARB, <br> Series B, AMT, 5.50%, 07/15/39<br>| 800 | &nbsp;&nbsp; 862326 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding ARB, Series A, AMT, Subordinate Lien, <br> 5.50%, 07/01/55<br>| 1745 | &nbsp;&nbsp; 1861668 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Sub-Series A, AMT, 4.00%, 07/01/46 | 1390 | &nbsp;&nbsp; 1261619 |
| &nbsp;&nbsp;&nbsp; Sub-Series A, AMT, 4.00%, 07/01/48 | 3420 | &nbsp;&nbsp; 3068781 |
| &nbsp;&nbsp;&nbsp; County of Harris Texas Toll Road Revenue, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, 4.00%, 08/15/49 | 4355 | &nbsp;&nbsp; 4091376 |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, 4.00%, 08/15/54 | 3105 | &nbsp;&nbsp; 2857210 |
| &nbsp;&nbsp;&nbsp; Eagle Mountain & Saginaw Independent School District, <br> GO, (PSF), 4.00%, 08/15/54<br>| 455 | &nbsp;&nbsp; 421600 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District, Refunding GO, <br> Series A, (PSF), 4.00%, 08/15/49<br>| 990 | &nbsp;&nbsp; 932187 |
| &nbsp;&nbsp;&nbsp; Greenwood Independent School District, GO, (PSF), <br> 4.00%, 02/15/54<br>| 3220 | &nbsp;&nbsp; 2983175 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance <br> Corp., Refunding RB, Class A, 4.13%, 07/01/52<br>| 800 | &nbsp;&nbsp; 737492 |
| &nbsp;&nbsp;&nbsp; Harris County-Houston Sports Authority, Refunding RB, <br> Series G, Senior Lien, (NPFGC), 0.00%, 11/15/41<sup>(d)</sup><br>| 10690 | &nbsp;&nbsp; 4369030 |
| &nbsp;&nbsp;&nbsp; Longview Independent School District, GO, (PSF), <br> 4.00%, 02/15/49<br>| 1100 | &nbsp;&nbsp; 1041527 |
| &nbsp;&nbsp;&nbsp; Midland County Fresh Water Supply District No. 1, RB, <br> CAB, Series A, 0.00%, 09/15/27<sup>(d)(e)</sup><br>| 14680 | &nbsp;&nbsp; 7765063 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 08/15/49 | 4140 | &nbsp;&nbsp; 4543038 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/50<sup>(b)</sup> | 455 | &nbsp;&nbsp; 386883 |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority, RB, Series B, 0.00%, <br> 09/01/31<sup>(d)(e)</sup><br>| 2415 | &nbsp;&nbsp; 1295721 |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority, Refunding RB, 4.25%, <br> 01/01/49<br>| 2235 | &nbsp;&nbsp; 2081702 |
| &nbsp;&nbsp;&nbsp; Northwest Independent School District, GO, (PSF), <br> 5.25%, 02/15/55<br>| 1900 | &nbsp;&nbsp; 2029838 |
| Port Authority of Houston of Harris County Texas, ARB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/51 | 1855 | &nbsp;&nbsp; 1911792 |
| &nbsp;&nbsp;&nbsp; 1st Lien, 5.00%, 10/01/53 | 1375 | &nbsp;&nbsp; 1419641 |
| &nbsp;&nbsp;&nbsp; Spring Branch Independent School District, GO, (PSF), <br> 4.00%, 02/01/48<br>| 1275 | &nbsp;&nbsp; 1215431 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., RB, Series A, 4.00%, 07/01/53<br>| 5005 | &nbsp;&nbsp; 4434344 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., Refunding RB, 5.00%, 10/01/49<br>| 285 | &nbsp;&nbsp; 282006 |
| Tarrant County Hospital District, GOL, 4.25%, 08/15/53 | 610 | &nbsp;&nbsp; 570609 |
| Tarrant Regional Water District, RB, 4.25%, 09/01/55 | 3395 | &nbsp;&nbsp; 3263430 |
| &nbsp;&nbsp;&nbsp; Texas City Industrial Development Corp., RB, <br> Series 2012, 4.13%, 12/01/45<br>| 255 | &nbsp;&nbsp; 226143 |
| &nbsp;&nbsp;&nbsp; Texas Transportation Commission State Highway <br> 249 System, RB, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/35 | 270 | &nbsp;&nbsp; 181407 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/36 | 145 | &nbsp;&nbsp; 92306 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/37 | 195 | &nbsp;&nbsp; 117248 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/38 | 200 | &nbsp;&nbsp; 113418 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/39 | 1000 | &nbsp;&nbsp; 534857 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; Texas Transportation Commission State Highway <br> 249 System, RB, CAB<sup>(d)</sup> (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/43 | 795 | &nbsp;&nbsp; $337516 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/44 | 605 | &nbsp;&nbsp; 242695 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/45 | 1135 | &nbsp;&nbsp; 431615 |
| &nbsp;&nbsp;&nbsp; Texas Water Development Board, RB, Series A, 4.38%, <br> 10/15/59<br>| 4780 | &nbsp;&nbsp; 4614621 |
| &nbsp;&nbsp;&nbsp; Ysleta Independent School District, GO, (PSF), 4.25%, <br> 08/15/56<br>| 2750 | &nbsp;&nbsp; 2650705 |
|  |  | &nbsp;&nbsp; 73719313 |
| **Utah — 2.2%** | **Utah — 2.2%** |  |
| &nbsp;&nbsp;&nbsp; Black Desert Public Infrastructure District, SAB, 5.63%, <br> 12/01/53<sup>(b)</sup><br>| 375 | &nbsp;&nbsp; 378800 |
| City of Salt Lake City Utah Airport Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/51 | 1340 | &nbsp;&nbsp; 1360155 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.50%, 07/01/55 | 7020 | &nbsp;&nbsp; 7483714 |
| &nbsp;&nbsp;&nbsp; Downtown Revitalization Public Infrastructure District, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, (AGM), 5.50%, 06/01/55 | 1785 | &nbsp;&nbsp; 1922790 |
| &nbsp;&nbsp;&nbsp; Series B, 2nd Lien, (AGM), 5.50%, 06/01/55 | 635 | &nbsp;&nbsp; 683505 |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, RB, 5.00%, <br> 06/15/39<sup>(b)</sup><br>| 200 | &nbsp;&nbsp; 192945 |
| Utah Charter School Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/40<sup>(b)</sup> | 150 | &nbsp;&nbsp; 145543 |
| &nbsp;&nbsp;&nbsp; (UT CSCE), 4.00%, 04/15/42 | 400 | &nbsp;&nbsp; 369433 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/55<sup>(b)</sup> | 385 | &nbsp;&nbsp; 336644 |
| &nbsp;&nbsp;&nbsp; Utah Housing Corp., RB, S/F Housing, Series E, <br> (FHLMC, FNMA, GNMA), 4.70%, 01/01/50<br>| 1825 | &nbsp;&nbsp; 1838945 |
|  |  | &nbsp;&nbsp; 14712474 |
| **Vermont — 0.0%** | **Vermont — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Vermont Student Assistance Corp., RB, Series A, AMT, <br> 4.13%, 06/15/30<br>| 275 | &nbsp;&nbsp; 270865 |
| **Virginia — 0.8%** | **Virginia — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Ballston Quarter Community Development Authority, TA, <br> Series A-1, 5.50%, 03/01/46<br>| 185 | &nbsp;&nbsp; 184760 |
| &nbsp;&nbsp;&nbsp; Ballston Quarter Community Development Authority, TA, <br> CAB, Series A-2, 7.13%, 03/01/59<sup>(c)</sup><br>| 444 | &nbsp;&nbsp; 391749 |
| &nbsp;&nbsp;&nbsp; Fairfax County Industrial Development Authority, RB, <br> 4.13%, 05/15/54<br>| 560 | &nbsp;&nbsp; 515881 |
| &nbsp;&nbsp;&nbsp; Henrico County Economic Development Authority, <br> Refunding RB, Series A, 5.00%, 11/01/48<br>| 1815 | &nbsp;&nbsp; 1889601 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority, RB, S/F <br> Housing, Series E-2, 4.40%, 10/01/44<br>| 365 | &nbsp;&nbsp; 367571 |
| Virginia Small Business Financing Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/31/52 | 1135 | &nbsp;&nbsp; 1116349 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/31/56 | 1195 | &nbsp;&nbsp; 1163294 |
|  |  | &nbsp;&nbsp; 5629205 |
| **Washington — 1.2%** | **Washington — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Port of Seattle Washington, Refunding ARB, Series C, <br> AMT, Intermediate Lien, 5.00%, 08/01/46<br>| 5645 | &nbsp;&nbsp; 5770318 |
| &nbsp;&nbsp;&nbsp; Vancouver Housing Authority, RB, M/F Housing, 5.00%, <br> 08/01/40<br>| 875 | &nbsp;&nbsp; 904065 |
| &nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority, Refunding <br> RB, Series A, 5.50%, 09/01/55<br>| 530 | &nbsp;&nbsp; 562866 |
| &nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission, <br> Refunding RB, 5.00%, 01/01/43<sup>(b)</sup><br>| 900 | &nbsp;&nbsp; 836392 |
|  |  | &nbsp;&nbsp; 8073641 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Wisconsin — 0.9%** | **Wisconsin — 0.9%** |  |
| Public Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/55<sup>(b)</sup> | $300 | &nbsp;&nbsp; $257441 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.50%, 01/01/35<sup>(b)</sup> | 200 | &nbsp;&nbsp; 195835 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 06/30/60 | 2655 | &nbsp;&nbsp; 2741786 |
| &nbsp;&nbsp;&nbsp; AMT, 6.50%, 12/31/65 | 2110 | &nbsp;&nbsp; 2317388 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Refunding RB, 5.00%, <br> 09/01/49<sup>(b)</sup><br>| 305 | &nbsp;&nbsp; 280915 |
|  |  | &nbsp;&nbsp; 5793365 |
| **Total Municipal Bonds — 107.3%** <br>**(Cost: $701,726,727)** | **Total Municipal Bonds — 107.3%** <br>**(Cost: $701,726,727)** | &nbsp;&nbsp; 727053930 |
| **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**<sup>(a)</sup> **— 6.0%** | **Alabama**<sup>(a)</sup> **— 6.0%** |  |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 10/01/54<sup>(k)</sup> | 10407 | &nbsp;&nbsp; 11550123 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.25%, 02/01/53 | 14173 | &nbsp;&nbsp; 15109693 |
| &nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, RB, <br> Series B-1, 5.75%, 04/01/54<br>| 12450 | &nbsp;&nbsp; 13991624 |
|  |  | &nbsp;&nbsp; 40651440 |
| **California — 2.6%** | **California — 2.6%** |  |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, Refunding <br> ARB, Series A, AMT, Sustainability Bonds, 5.25%, <br> 05/15/50<br>| 16742 | &nbsp;&nbsp; 17675644 |
| **Colorado — 1.6%** | **Colorado — 1.6%** |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System <br> Revenue, Refunding ARB, Series A, AMT, 5.50%, <br> 11/15/53<br>| 10098 | &nbsp;&nbsp; 10655304 |
| **District of Columbia — 3.7%** | **District of Columbia — 3.7%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Revenue, Refunding <br> RB, Series A, 5.25%, 06/01/50<br>| 12640 | &nbsp;&nbsp; 13658702 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB, Series A, 5.00%, 10/01/49<br>| 11194 | &nbsp;&nbsp; 11296415 |
|  |  | &nbsp;&nbsp; 24955117 |
| **Florida — 3.0%** | **Florida — 3.0%** |  |
| &nbsp;&nbsp;&nbsp; City of Fort Lauderdale Florida Water & Sewer Revenue, <br> RB, Series B, 5.50%, 09/01/53<br>| 9060 | &nbsp;&nbsp; 9828647 |
| Tender Opt Bd Tr Rcpts, 5.25%, 10/01/50 | 9753 | &nbsp;&nbsp; 10439108 |
|  |  | &nbsp;&nbsp; 20267755 |
| **Georgia — 6.4%** | **Georgia — 6.4%** |  |
| &nbsp;&nbsp;&nbsp; County of DeKalb Georgia Water & Sewerage Revenue, <br> RB, Series A, 5.00%, 10/01/55<br>| 20862 | &nbsp;&nbsp; 21853582 |
| &nbsp;&nbsp;&nbsp; Georgia Housing & Finance Authority, RB, S/F Housing, <br> Series A, 4.65%, 12/01/50<sup>(k)</sup><br>| 11883 | &nbsp;&nbsp; 11855820 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., RB, Series C, 5.00%, <br> 09/01/53<sup>(a)(k)</sup><br>| 9240 | &nbsp;&nbsp; 9885064 |
|  |  | &nbsp;&nbsp; 43594466 |
| **Illinois — 2.3%** | **Illinois — 2.3%** |  |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, <br> Refunding RB, Series A, 5.00%, 12/01/49<sup>(k)</sup><br>| 15102 | &nbsp;&nbsp; 15561196 |
| **Maryland — 1.7%** | **Maryland — 1.7%** |  |
| Maryland Stadium Authority, RB, 5.00%, 06/01/54 | 11400 | &nbsp;&nbsp; 11860273 |
| **Massachusetts — 1.2%** | **Massachusetts — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series A, <br> 5.00%, 05/01/48<br>| 7712 | &nbsp;&nbsp; 8104001 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Michigan — 0.3%** | **Michigan — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, M/F <br> Housing, Series A, 4.05%, 10/01/48<br>| $2338 | &nbsp;&nbsp; $2209251 |
| **Minnesota — 2.4%** | **Minnesota — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; Minneapolis-St. Paul Metropolitan Airports Commission, <br> ARB, AMT, 5.25%, 01/01/49<br>| 15240 | &nbsp;&nbsp; 15960781 |
| **Missouri — 0.9%** | **Missouri — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development Commission, RB, S/F <br> Housing, Series E, 4.60%, 11/01/49<br>| 6360 | &nbsp;&nbsp; 6306088 |
| **Nebraska — 2.3%** | **Nebraska — 2.3%** |  |
| &nbsp;&nbsp;&nbsp; Nebraska Investment Finance Authority, RB, S/F <br> Housing, Series E, Sustainability Bonds, (FHLMC, <br> FNMA, GNMA), 4.80%, 09/01/54<br>| 5904 | &nbsp;&nbsp; 5983969 |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District, Refunding RB, Series B, <br> 5.25%, 02/01/48<br>| 8980 | &nbsp;&nbsp; 9544736 |
|  |  | &nbsp;&nbsp; 15528705 |
| **New Jersey — 1.8%** | **New Jersey — 1.8%** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, <br> Series AA, 5.00%, 06/15/55<br>| 11680 | &nbsp;&nbsp; 12106851 |
| **New York — 6.1%** | **New York — 6.1%** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Dedicated Tax <br> Fund, Refunding RB, Series B-1, Sustainability <br> Bonds, 5.00%, 11/15/49<br>| 10344 | &nbsp;&nbsp; 10825795 |
| New York City Municipal Water Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series AA, Subordinate, 5.00%, 06/15/51 | 7722 | &nbsp;&nbsp; 8112647 |
| &nbsp;&nbsp;&nbsp; Series AA-1, 5.25%, 06/15/52 | 10980 | &nbsp;&nbsp; 11593589 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Series C, 5.25%, 05/01/48<br>| 10077 | &nbsp;&nbsp; 10689935 |
|  |  | &nbsp;&nbsp; 41221966 |
| **Oklahoma — 1.3%** | **Oklahoma — 1.3%** |  |
| Oklahoma Turnpike Authority, RB, 5.50%, 01/01/53 | 8126 | &nbsp;&nbsp; 8666641 |
| **Oregon — 0.9%** | **Oregon — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Port of Portland Oregon Airport Revenue, Refunding <br> ARB, Series 29, AMT, Sustainability Bonds, 5.50%, <br> 07/01/48<br>| 5620 | &nbsp;&nbsp; 5982623 |
| **Pennsylvania — 1.3%** | **Pennsylvania — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission, Refunding RB, <br> Series B, 5.25%, 12/01/52<br>| 8295 | &nbsp;&nbsp; 8786954 |
| **Rhode Island — 1.5%** | **Rhode Island — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; Rhode Island Housing & Mortgage Finance Corp., RB, <br> S/F Housing, Series 82-A, Sustainability Bonds, <br> (GNMA), 4.60%, 10/01/49<br>| 10234 | &nbsp;&nbsp; 10163352 |
| **South Carolina — 2.0%** | **South Carolina — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, Refunding RB, <br> Series B-1, 5.25%, 02/01/54<sup>(a)(k)</sup><br>| 12597 | &nbsp;&nbsp; 13700782 |
| **Tennessee — 1.9%** | **Tennessee — 1.9%** |  |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., RB, Series A, <br> 5.00%, 05/01/52<sup>(a)(k)</sup><br>| 11655 | &nbsp;&nbsp; 12571965 |
| **Texas — 8.7%** | **Texas — 8.7%** |  |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding ARB, Series A, AMT, Subordinate Lien, <br> (AGM), 5.25%, 07/01/53<br>| 6010 | &nbsp;&nbsp; 6262156 |
| &nbsp;&nbsp;&nbsp; City of San Antonio Texas Electric & Gas Systems <br> Revenue, Refunding RB, Series A, 5.50%, 02/01/50<br>| 11148 | &nbsp;&nbsp; 12098869 |
| County of Bexar Texas, GOL, 5.00%, 06/15/49 | 9840 | &nbsp;&nbsp; 10311631 |
| &nbsp;&nbsp;&nbsp; Crowley Independent School District, GO, (PSF), 5.25%, <br> 02/01/53<br>| 5967 | &nbsp;&nbsp; 6335559 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; North Texas Municipal Water District, RB, 5.00%, <br> 06/01/50<sup>(k)</sup><br>| 11415 | &nbsp;&nbsp; $11885898 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., RB, 5.00%, 11/15/51<br>| 4041 | &nbsp;&nbsp; 4165300 |
| Texas Water Development Board, RB, 4.80%, 10/15/52 | 7785 | &nbsp;&nbsp; 7929178 |
|  |  | &nbsp;&nbsp; 58988591 |
| **Wisconsin — 0.4%** | **Wisconsin — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & Economic Development Authority <br> Housing Revenue, RB, M/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.10%, 11/01/43 | 1342 | &nbsp;&nbsp; 1332189 |
| &nbsp;&nbsp;&nbsp; Series A, 4.45%, 05/01/57 | 1678 | &nbsp;&nbsp; 1665237 |
|  |  | &nbsp;&nbsp; 2997426 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 60.3%** <br>**(Cost: $397,208,820)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 60.3%** <br>**(Cost: $397,208,820)** | &nbsp;&nbsp; 408517172 |
| **Total Long-Term Investments — 167.6%** <br>**(Cost: $1,098,935,547)** | **Total Long-Term Investments — 167.6%** <br>**(Cost: $1,098,935,547)** | &nbsp;&nbsp; 1135571102 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.2%** | **Money Market Funds — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 3.01%<sup>(l)(m)</sup><br>| 7911617 | &nbsp;&nbsp; 7912408 |
| **Total Short-Term Securities — 1.2%** <br>**(Cost: $7,912,408)** | **Total Short-Term Securities — 1.2%** <br>**(Cost: $7,912,408)** | &nbsp;&nbsp; 7912408 |
| **Total Investments — 168.8%** <br>**(Cost: $1,106,847,955)** | **Total Investments — 168.8%** <br>**(Cost: $1,106,847,955)** | &nbsp;&nbsp; 1143483510 |
| **Other Assets Less Liabilities — 1.8%** | **Other Assets Less Liabilities — 1.8%** | &nbsp;&nbsp; 11919101 |
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (39.0)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (39.0)%** | &nbsp;&nbsp; (264128927)<br>|
| **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(31.6)%** | **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(31.6)%** | &nbsp;&nbsp; (214000000)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $677273684 |

---

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

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

<sup>(d)</sup> Zero-coupon bond.

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

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

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

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

<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 agreements, which expire between February 1, 2029 to May 1, 2052, is $78,853,237. 

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

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

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2025 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>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*10/31/25*<br>| *Shares* <br>*Held at* <br>*10/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares | $14829555 | $—<br> $(6917147 )<sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $7912408 | 7911617 | $49632 | $— |

---

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

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

**Fair Value Hierarchy as of Period End**

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

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

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

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

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

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; Municipal Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $727053930 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $727053930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 408517172 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 408517172 |
| &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; 7912408 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7912408 |
|  | &nbsp;&nbsp; $7912408 | &nbsp;&nbsp;&nbsp;&nbsp; $1135571102 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1143483510 |

---

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; $(262718797)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(262718797)<br>|
| &nbsp;&nbsp;&nbsp; VMTP Shares at Liquidation Value | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (214000000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (214000000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(476718797)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(476718797)<br>|

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AGM-CR | AGM Insured Custodial Receipt |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniHoldings Fund, Inc. (MHD)** 

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| BAM | Build America Mutual Assurance Co. |
| BAM-TCRS | &nbsp;&nbsp;&nbsp; Build America Mutual Assurance Co. - Transferable <br> Custodial Receipts<br>|
| CAB | Capital Appreciation Bonds |
| CR | Custodian Receipt |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| HUD SECT 8 | &nbsp;&nbsp;&nbsp; U.S. Department of Housing and Urban Development <br> Section 8<br>|
| 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 |
| TA | Tax Allocation |
| UT | Unlimited Tax |

---

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 MuniHoldings Fund, Inc.

- **b. Investment Company Act file number:** 811-08081

- **c. CIK number of Registrant:** 0001034665

- **d. LEI of Registrant:** MZBVMGS24JR92TGE6Z32

- **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 MuniHoldings Fund, Inc.

- **c. LEI of Series:** MZBVMGS24JR92TGE6Z32

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1161050523.33

**Total Liabilities:** $483640929.88

**Net Assets:** $677409593.45

**Delayed Delivery Securities:** $1848512.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 353089.90000000 | **1-Year:** 10196.77000000 | **5-Year:** 226797.91000000 | **10-Year:** 157072.68000000 | **30-Year:** 196729.82000000

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

- **3-Month:** 415.38000000 | **1-Year:** 5666.94000000 | **5-Year:** 18077.12000000 | **10-Year:** 21623.03000000 | **30-Year:** 48284.50000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.28%                | 5.13%                | 2.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1682614.23             | $6620502.12                                |
| Month 2  | $-1877982.12             | $31933525.93                               |
| Month 3  | $-318939.08              | $13096109.08                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alamo Heights Independent School District                                        | ALAMO HEIGHTS TX INDEP SCH DIST                              | CUSIP: 011338A67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1219463.57   | 0.18%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A5Y8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2157721.95   | 0.32%             | 2047-04-01      | Fixed         | 5.00%                 | 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        |   1670000 | PA      | $1455068.50   | 0.21%             | 2056-01-01      | 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        |    130000 | PA      | $121679.65    | 0.02%             | 2052-07-01      | Fixed         | 5.50%                 | 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        |    435000 | PA      | $414397.79    | 0.06%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $499407.21    | 0.07%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $378136.19    | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $523035.35    | 0.08%             | 2039-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE                  | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1194178.05   | 0.18%             | 2053-05-01      | Fixed         | 5.70%                 | 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        |   1005000 | PA      | $603000.00    | 0.09%             | 2062-11-01      | Fixed         | 7.88%                 | 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        |   1165000 | PA      | $582500.00    | 0.09%             | 2062-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MF79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1555056.82   | 0.23%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398HV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2596911.50   | 0.38%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477YT7<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1845305.00   | 0.27%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                 | BALLSTON QUARTER CMNTY DEV AUTH VA REVENUE                   | CUSIP: 058696AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $184759.87    | 0.03%             | 2046-03-01      | 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        |    444000 | PA      | $391748.70    | 0.06%             | 2059-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Berkeley SC                                                            | BERKELEY CNTY SC ASSMNT REVENUE                              | CUSIP: 084220AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $295209.59    | 0.04%             | 2040-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Berkeley SC                                                            | BERKELEY CNTY SC ASSMNT REVENUE                              | CUSIP: 084220AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $418752.56    | 0.06%             | 2049-11-01      | Fixed         | 4.38%                 | 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        |   9590000 | PA      | $9907538.33   | 1.46%             | 2051-06-01      | Floating      | 4.00%                 | 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        |   1115000 | PA      | $1178399.68   | 0.17%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2638871.73   | 0.39%             | 2054-01-01      | Floating      | 5.25%                 | 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        |   2990000 | PA      | $3115514.82   | 0.46%             | 2056-05-01      | Floating      | 5.25%                 | 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        |    375000 | PA      | $378799.99    | 0.06%             | 2053-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                             | CUSIP: 114894YS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $402919.08    | 0.06%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Water & Sewer Utility Revenue                               | BROWARD CNTY FL WTR & SWR UTILITY REVENUE                    | CUSIP: 115117NH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $570868.04    | 0.08%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $528112.01    | 0.08%             | 2048-06-01      | 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        |   3495000 | PA      | $2928947.00   | 0.43%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2560000.00   | 0.38%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $804513.92    | 0.12%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE  | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1755057.92   | 0.26%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RCZ4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1017049.08   | 0.15%             | 2062-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    305000 | PA      | $258510.01    | 0.04%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CCZ0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    480000 | PA      | $416905.73    | 0.06%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CFG9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    170000 | PA      | $148208.26    | 0.02%             | 2057-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Charleston County Airport District                                               | CHARLESTON CNTY SC ARPT DIST ARPT SYS REVENUE                | CUSIP: 160070EK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1195920.42   | 0.18%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505A63<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1146655.07   | 0.17%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505PL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1397715.70   | 0.21%             | 2042-12-01      | 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        |    900000 | PA      | $899983.80    | 0.13%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SM9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    475000 | PA      | $475011.78    | 0.07%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505TG1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    315000 | PA      | $315007.81    | 0.05%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    585000 | PA      | $581827.43    | 0.09%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505VZ6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506112.25    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    970000 | PA      | $880159.18    | 0.13%             | 2046-12-01      | 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        |   2510000 | PA      | $2277525.31   | 0.34%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XK7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1771164.74   | 0.26%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XR2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1363663.45   | 0.20%             | 2040-12-01      | 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        |   2955000 | PA      | $3089020.77   | 0.46%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562QX8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1675573.29   | 0.25%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675934R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1739053.68   | 0.26%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593L75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1292188.48   | 0.19%             | 2053-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593X80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5880000 | PA      | $5739091.68   | 0.85%             | 2053-01-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593Y55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6720000 | PA      | $6459235.78   | 0.95%             | 2056-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727C53<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    885000 | PA      | $924086.73    | 0.14%             | 2058-01-01      | Fixed         | 5.25%                 | 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        |     55000 | PA      | $32180.44     | 0.00%             | 2038-06-15      | None          | 0.00%                 | 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        |    455000 | PA      | $258427.03    | 0.04%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Collier County Industrial Development Authority                                  | COLLIER CNTY FL INDL DEV AUTH                                | CUSIP: 194641BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3605254.10   | 0.53%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE             | CUSIP: 19645RKE0<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2511419.91   | 0.37%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1701099.66   | 0.25%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FSG0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1504161.50   | 0.22%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVH4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3082267.20   | 0.46%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVJ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1372355.10   | 0.20%             | 2052-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    480000 | PA      | $505897.10    | 0.07%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032217.90   | 0.15%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                           | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1846122.05   | 0.27%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DVR0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    525000 | PA      | $493689.58    | 0.07%             | 2053-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                         | CUSIP: 220245Y73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1162862.04   | 0.17%             | 2053-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Creek County Educational Facilities Authority                                    | CREEK CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE   | CUSIP: 225472BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $858644.05    | 0.13%             | 2048-09-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Cypress Bluff Community Development District                                     | CYPRESS BLUFF CDD FL SPL ASSMNT                              | CUSIP: 232677AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $355822.51    | 0.05%             | 2050-05-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                              | DALTON WHITFIELD CNTY JT DEV AUTH                            | CUSIP: 235641AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2418519.88   | 0.36%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                     | DE KALB CNTY GA WTR & SWR REVENUE                            | CUSIP: 240523A34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3266959.99   | 0.48%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Pledged Excise Tax Revenue                            | DENVER CO CITY & CNTY DEDICATED TAX REVENUE                  | CUSIP: 24917DBU6<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $912530.83    | 0.13%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Pledged Excise Tax Revenue                            | DENVER CO CITY & CNTY DEDICATED TAX REVENUE                  | CUSIP: 24917DBV4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    915000 | PA      | $531543.26    | 0.08%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LW4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100749.43    | 0.01%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182TM8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1252426.13   | 0.18%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI Water Supply System Revenue                                   | DETROIT MI WTR SPLY SYS REVENUE                              | CUSIP: 251256CQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5012.60      | 0.00%             | 2036-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DISTRICT OF COLUMBIA HSG FIN AGY                             | CUSIP: 254768SQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1288048.19   | 0.19%             | 2039-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                             | CUSIP: 25476FA57<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3976831.98   | 0.59%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GYP4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2865000 | PA      | $3095900.38   | 0.46%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VUQ5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    265000 | PA      | $261598.80    | 0.04%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA TAX INCR REVENUE                            | CUSIP: 254840DA6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1195804.83   | 0.18%             | 2041-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1922789.51   | 0.28%             | 2055-06-01      | Fixed         | 5.50%                 | 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        |    635000 | PA      | $683505.43    | 0.10%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                            | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE               | CUSIP: 26444CHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3548215.80   | 0.52%             | 2048-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                            | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE               | CUSIP: 26444CHF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1614331.47   | 0.24%             | 2058-02-15      | Fixed         | 5.25%                 | 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        |    455000 | PA      | $421599.91    | 0.06%             | 2054-08-15      | Fixed         | 4.00%                 | 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        |    535000 | PA      | $351011.90    | 0.05%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eastern Michigan University                                                      | ESTRN MICHIGAN UNIV REVENUES                                 | CUSIP: 276731C61<br>LEI: 549300K3C21R17LKDU63 | Long             | DBT              | MUN               | US        |     45000 | PA      | $46386.00     | 0.01%             | 2047-03-01      | 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        |   3585000 | PA      | $2960786.97   | 0.44%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE              | CUSIP: 30382VAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $515880.96    | 0.08%             | 2054-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6495000 | PA      | $6466335.62   | 0.95%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1591757.12   | 0.23%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UKQ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     75000 | PA      | $70884.35     | 0.01%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    270000 | PA      | $272684.96    | 0.04%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $932187.17    | 0.14%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | FRANKLIN CNTY OH REVENUE                                     | CUSIP: 353202FP4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    290000 | PA      | $292133.99    | 0.04%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | FRANKLIN CNTY OH REVENUE                                     | CUSIP: 353202FY5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    365000 | PA      | $344924.89    | 0.05%             | 2044-12-01      | Fixed         | 4.00%                 | 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        |   1460000 | PA      | $1288078.43   | 0.19%             | 2051-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                  | GAINESVILLE FL UTILITIES SYS REVENUE                         | CUSIP: 362848VJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21750.11     | 0.00%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568KE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105932.70    | 0.02%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104961.96    | 0.02%             | 2044-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                               | GARLAND TX ELEC UTILITY SYS REVENUE                          | CUSIP: 366133TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $268355.15    | 0.04%             | 2048-03-01      | Fixed         | 4.25%                 | 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        |     65000 | PA      | $56090.59     | 0.01%             | 2056-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenwood Independent School District                                            | GREENWOOD TX INDEP SCH DIST                                  | CUSIP: 397370KJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3220000 | PA      | $2983174.80   | 0.44%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTS AUTH REVENUE                   | CUSIP: 413890BA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10690000 | PA      | $4369029.73   | 0.64%             | 2041-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009RR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $737491.60    | 0.11%             | 2052-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PDY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4091375.74   | 0.60%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PDZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3105000 | PA      | $2857210.13   | 0.42%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hartnell Community College District/CA                                           | HARTNELL CA CMNTY CLG DIST                                   | CUSIP: 417123DM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1778263.41   | 0.26%             | 2034-08-01      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794K76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4374506.94   | 0.65%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST DEPT OF TRANSPRTN ARPTS DIV LEASE REVENUE COPS     | CUSIP: 419808AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460858.68    | 0.07%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                    | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE              | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1889601.04   | 0.28%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1261619.32   | 0.19%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3068781.05   | 0.45%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $862325.84    | 0.13%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1861668.08   | 0.27%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN SF MTGE REVENUE                      | CUSIP: 45129Y5H5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    790000 | PA      | $783683.56    | 0.12%             | 2049-01-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EA32<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1355205.06   | 0.20%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FN50<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4868.92      | 0.00%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FYF6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61048.33     | 0.01%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    795000 | PA      | $851358.66    | 0.13%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    900000 | PA      | $935284.77    | 0.14%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153FH7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1890361.06   | 0.28%             | 2041-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153PJ2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1877034.12   | 0.28%             | 2048-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   5625000 | PA      | $5630024.81   | 0.83%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YFK2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2220194.49   | 0.33%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGB1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1904212.79   | 0.28%             | 2046-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGC9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    610000 | PA      | $656323.10    | 0.10%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                                | INDIANA ST HSG & CMNTY DEV AUTH SF MTGE REVENUE              | CUSIP: 45505TT50<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2477749.73   | 0.37%             | 2049-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4914782.57   | 0.73%             | 2049-10-01      | Fixed         | 5.25%                 | 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        |   1755000 | PA      | $1764529.47   | 0.26%             | 2049-03-01      | Fixed         | 5.00%                 | 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        |   1775000 | PA      | $1779575.77   | 0.26%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $331256.64    | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $721036.13    | 0.11%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                          | KENTUCKY PUB TRANSPRTN INFRASTRUCTURE AUTH TOLL REVENUE      | CUSIP: 491397AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $955419.47    | 0.14%             | 2039-07-01      | Floating      | 6.60%                 | 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        |   1770000 | PA      | $2006870.07   | 0.30%             | 2043-07-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                          | KENTUCKY PUB TRANSPRTN INFRASTRUCTURE AUTH TOLL REVENUE      | CUSIP: 491397AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $585330.50    | 0.09%             | 2034-07-01      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $454275.87    | 0.07%             | 2059-07-01      | Fixed         | 5.50%                 | 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        |    570000 | PA      | $601430.48    | 0.09%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2506638.93   | 0.37%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lansing MI                                                               | LANSING MI                                                   | CUSIP: 516372UB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1304033.28   | 0.19%             | 2048-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Longview Independent School District                                             | LONGVIEW TX INDEP SCH DIST                                   | CUSIP: 543264ZJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1041526.75   | 0.15%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445C64<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    830000 | PA      | $853097.90    | 0.13%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399RQ1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4140000 | PA      | $4135616.15   | 0.61%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3235000 | PA      | $3354342.06   | 0.50%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                          | LOUISIANA STADIUM & EXPOSITION DIST LA                       | CUSIP: 546410CX7<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1964045.83   | 0.29%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                          | LOUISIANA STADIUM & EXPOSITION DIST LA                       | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3658576.42   | 0.54%             | 2053-07-01      | Fixed         | 5.25%                 | 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        |   7815000 | PA      | $8285039.43   | 1.22%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742182Q5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1709506.83   | 0.25%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582R4C7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1251204.67   | 0.18%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY                                 | CUSIP: 57583FFZ9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2167102.61   | 0.32%             | 2059-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XCG4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $399911.00    | 0.06%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3960000 | PA      | $3852694.30   | 0.57%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XPW5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501109.80    | 0.07%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YNB1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    830000 | PA      | $755802.57    | 0.11%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896YJ8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3161565.07   | 0.47%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                        | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TKD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1288804.42   | 0.19%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                | CUSIP: 586111PN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8775000 | PA      | $8913020.22   | 1.32%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592029CL4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    555000 | PA      | $577845.35    | 0.09%             | 2048-05-01      | Fixed         | 5.25%                 | 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        |    230000 | PA      | $192101.57    | 0.03%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041YQ4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2833419.00   | 0.42%             | 2058-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue  | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920983R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1842856.90   | 0.27%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE       | CUSIP: 592248BB3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   3765000 | PA      | $1613741.50   | 0.24%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE       | CUSIP: 592248BE7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  22775000 | PA      | $8279288.71   | 1.22%             | 2047-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2359572.47   | 0.35%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A2H9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2533521.22   | 0.37%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1956252.29   | 0.29%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    370000 | PA      | $376230.32    | 0.06%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1070196.82   | 0.16%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AHP5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10042.27     | 0.00%             | 2056-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE        | CUSIP: 592643BC3<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  10170000 | PA      | $7506006.13   | 1.11%             | 2034-10-01      | 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: 592643BD1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  13485000 | PA      | $9479979.27   | 1.40%             | 2035-10-01      | 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        |   2000000 | PA      | $1781526.80   | 0.26%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NF4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1247253.64   | 0.18%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P4B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3571668.89   | 0.53%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PZ92<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3156809.76   | 0.47%             | 2040-10-01      | Fixed         | 5.00%                 | 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        |   1245000 | PA      | $1271980.89   | 0.19%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH ACT 38 FACS SENIOR REVEUE               | CUSIP: 59447NBE5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4780000 | PA      | $5009011.23   | 0.74%             | 2057-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615KN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $652821.57    | 0.10%             | 2052-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654ZR9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1065785.95   | 0.16%             | 2049-12-01      | Fixed         | 4.45%                 | 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        |   1795000 | PA      | $1796945.42   | 0.27%             | 2043-12-31      | 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: 597495BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10760000 | PA      | $5868193.04   | 0.87%             | 2038-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495BD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $1243904.64   | 0.18%             | 2040-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $652964.63    | 0.10%             | 2041-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Agricultural & Economic Development Board                              | MINNESOTA ST AGRIC & ECON DEVBRD                             | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1727573.45   | 0.26%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534TQH1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   3595000 | PA      | $3653887.18   | 0.54%             | 2040-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QS50<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1990897.56   | 0.29%             | 2049-12-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637APW6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1714470.05   | 0.25%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AXL1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    360000 | PA      | $340397.17    | 0.05%             | 2055-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GBA6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1350610.96   | 0.20%             | 2044-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603B65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1263406.86   | 0.19%             | 2051-09-01      | Fixed         | 4.00%                 | 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        |    605000 | PA      | $605230.08    | 0.09%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207X33<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    480000 | PA      | $479528.69    | 0.07%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                               | NEW YORK CNTYS NY TOBACCO TRUST IV                           | CUSIP: 62947YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1251845.17   | 0.18%             | 2038-06-01      | Fixed         | 5.00%                 | 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        |   2849000 | PA      | $2741426.03   | 0.40%             | 2041-06-01      | Fixed         | 6.25%                 | 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        |    957038 | PA      | $954120.81    | 0.14%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1009874 | PA      | $1006076.40   | 0.15%             | 2041-01-20      | Floating      | 4.09%                 | 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        |   2395000 | PA      | $2422597.11   | 0.36%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6049639 | PA      | $5946443.62   | 0.88%             | 2042-11-20      | Variable      | 4.22%                 | 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        |   8010000 | PA      | $8426274.09   | 1.24%             | 2055-06-01      | Fixed         | 5.50%                 | 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        |   1525000 | PA      | $1592039.31   | 0.24%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE          | CUSIP: 645424BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4140000 | PA      | $4543038.11   | 0.67%             | 2049-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $386882.86    | 0.06%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5G5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4353670.26   | 0.64%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7J7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    365000 | PA      | $394812.00    | 0.06%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7L2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    460000 | PA      | $493857.98    | 0.07%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH ECON DEV REVENUE                 | CUSIP: 64577HMG3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2217880 | PA      | $2293101.37   | 0.34%             | 2028-04-01      | Fixed         | 6.50%                 | 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        |   2675000 | PA      | $2690675.23   | 0.40%             | 2031-04-01      | Fixed         | 5.75%                 | 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        |   4795000 | PA      | $5067424.57   | 0.75%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XEG7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64464.19     | 0.01%             | 2043-06-15      | Fixed         | 5.00%                 | 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        |    100000 | PA      | $102928.02    | 0.02%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    660000 | PA      | $660003.83    | 0.10%             | 2030-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EMF1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1292120.73   | 0.19%             | 2040-06-15      | Fixed         | 4.50%                 | 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        |   3000000 | PA      | $3002684.10   | 0.44%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 6459182F9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200207.82    | 0.03%             | 2042-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 645918Z97<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    790000 | PA      | $791489.31    | 0.12%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080WQ0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3398051.76   | 0.50%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080YX3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    835000 | PA      | $856352.37    | 0.13%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364W8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1050637.64   | 0.16%             | 2039-06-15      | Fixed         | 4.13%                 | 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        |   1000000 | PA      | $704538.70    | 0.10%             | 2035-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y47<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400101.16    | 0.06%             | 2046-06-15      | 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        |    900000 | PA      | $900272.16    | 0.13%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CCK2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4739340.73   | 0.70%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFC7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    725000 | PA      | $778942.32    | 0.11%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2975000 | PA      | $3199131.74   | 0.47%             | 2055-01-01      | 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        |    255000 | PA      | $223139.74    | 0.03%             | 2045-06-01      | 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        |    245000 | PA      | $206868.84    | 0.03%             | 2051-06-01      | Fixed         | 5.00%                 | 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        |   1450000 | PA      | $1450266.95   | 0.21%             | 2040-11-15      | Fixed         | 5.38%                 | 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        |   1685000 | PA      | $1217604.76   | 0.18%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4565000 | PA      | $3352974.70   | 0.49%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966Q6M7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2369365.54   | 0.35%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SHK5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5314220.50   | 0.78%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SMF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    550000 | PA      | $586095.84    | 0.09%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP REVENUE                        | CUSIP: 64966WJN8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2558051.67   | 0.38%             | 2054-08-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971X7H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $9735864.60   | 1.44%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GE42<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $983806.36    | 0.15%             | 2046-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GE59<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1559481.56   | 0.23%             | 2047-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JWM6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2412016.33   | 0.36%             | 2052-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SNQ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    700000 | PA      | $701772.96    | 0.10%             | 2055-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                         | NEW YORK ST PWR AUTH REVENUE                                 | CUSIP: 64989KLF1<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1071811.81   | 0.16%             | 2055-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990F6W9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1479194.56   | 0.22%             | 2054-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B6M5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2265098.51   | 0.33%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                         | NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REVENUE         | CUSIP: 65000XBV1<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1371601.85   | 0.20%             | 2058-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2258903.58   | 0.33%             | 2057-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036CK0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1710393.64   | 0.25%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1998000.19   | 0.29%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1328305.28   | 0.20%             | 2040-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $2019136.90   | 0.30%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7055000 | PA      | $7202948.29   | 1.06%             | 2060-06-30      | Fixed         | 5.50%                 | 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        |   3880000 | PA      | $3949769.00   | 0.58%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3344715.58   | 0.49%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $3069767.36   | 0.45%             | 2060-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 6582077N9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1456146.15   | 0.21%             | 2050-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 6589098A7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2619541.29   | 0.39%             | 2049-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WHD1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2415000 | PA      | $1295720.92   | 0.19%             | 2037-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WYA8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2081702.02   | 0.31%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 667826HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2029838.40   | 0.30%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                                        | NORWALK-LA MIRADA CA UNIF SCH DIST                           | CUSIP: 669096RW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $4835840.00   | 0.71%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                         | CUSIP: 67756CFY9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1979979.98   | 0.29%             | 2050-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                        | CUSIP: 67756Q7Z4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3117888.23   | 0.46%             | 2049-09-01      | Fixed         | 4.65%                 | 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        |   1080000 | PA      | $1084217.18   | 0.16%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111F25<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    970000 | PA      | $946406.11    | 0.14%             | 2055-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LHL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1102158.59   | 0.16%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $87056.24     | 0.01%             | 2046-10-01      | None          | 0.00%                 | 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        |    435000 | PA      | $136904.64    | 0.02%             | 2047-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1064222.31   | 0.16%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District                                               | PALOMAR CA CMNTY CLG DIST                                    | CUSIP: 697511BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1325613.45   | 0.20%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District                                               | PALOMAR CA CMNTY CLG DIST                                    | CUSIP: 697511BX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $3275022.41   | 0.48%             | 2039-08-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX ALLOCATION          | CUSIP: 70252AAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537477.75    | 0.08%             | 2054-09-01      | 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        |   1575000 | PA      | $1718149.70   | 0.25%             | 2054-10-01      | Floating      | 5.25%                 | 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        |   1905000 | PA      | $1906101.85   | 0.28%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $847498.80    | 0.13%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119001.40   | 0.31%             | 2040-06-30      | Fixed         | 5.50%                 | 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        |   3150000 | PA      | $3284196.93   | 0.48%             | 2048-06-30      | Fixed         | 5.75%                 | 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        |    390000 | PA      | $390956.44    | 0.06%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QTZ6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1141790.08   | 0.17%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QWL3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   5595000 | PA      | $5620140.57   | 0.83%             | 2049-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1713219.03   | 0.25%             | 2054-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2423906.99   | 0.36%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TTU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2092574.72   | 0.31%             | 2055-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225BD7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $981082.30    | 0.14%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225DZ6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    610000 | PA      | $553888.91    | 0.08%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PMN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2606499.61   | 0.38%             | 2047-07-01      | Fixed         | 5.25%                 | 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        |   2120000 | PA      | $2043837.09   | 0.30%             | 2046-07-01      | 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: 72177MSV0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    300000 | PA      | $277590.33    | 0.04%             | 2049-06-15      | 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: 72177PCD0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401222.64    | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XHF2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3072248.70   | 0.45%             | 2052-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                 | PORT HOUSTON TX AUTH                                         | CUSIP: 734262FY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1911792.49   | 0.28%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                 | PORT HOUSTON TX AUTH                                         | CUSIP: 734262GW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1419641.30   | 0.21%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | PORT NEW ORLEANS LA BRD OF COMMISSIONERS PORT FAC REVENUE    | CUSIP: 734782DT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $980294.29    | 0.14%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240M91<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135355.63    | 0.02%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5645000 | PA      | $5770317.87   | 0.85%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Power County Industrial Development Corp                                         | PWR CNTY ID INDL DEV CORP SOL WST DISP REVENUE               | CUSIP: 739247AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028975.20   | 0.30%             | 2032-08-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396FT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $257441.10    | 0.04%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   4430000 | PA      | $4812015.29   | 0.71%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PPT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $195834.72    | 0.03%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                        | CUSIP: 74444VAR1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    305000 | PA      | $280914.79    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                              | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2741786.37   | 0.40%             | 2060-06-30      | 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        |   2110000 | PA      | $2317388.10   | 0.34%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3910422 | PA      | $4176061.27   | 0.62%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3523477 | PA      | $3906883.45   | 0.58%             | 2031-07-01      | 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: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7770000 | PA      | $7346550.54   | 1.08%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12569000 | PA      | $12207524.36  | 1.80%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15519000 | PA      | $5401116.37   | 0.80%             | 2046-07-01      | 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: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2097000 | PA      | $1972011.25   | 0.29%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    412000 | PA      | $387443.32    | 0.06%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221SBK6<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1562774.64   | 0.23%             | 2044-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221SDK4<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3022625.43   | 0.45%             | 2044-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576KC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1360155.48   | 0.20%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576NB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7020000 | PA      | $7483713.82   | 1.10%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3836868.00   | 0.57%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   5235000 | PA      | $5728269.45   | 0.85%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                             | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272GR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2975090.16   | 0.44%             | 2033-08-01      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $618811.05    | 0.09%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356EX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2154546.51   | 0.32%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356EY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2646885.23   | 0.39%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356JG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4125000 | PA      | $3920678.44   | 0.58%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GGP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1518285.88   | 0.22%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GNY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2181297.34   | 0.32%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                               | CUSIP: 802170AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $194226.30    | 0.03%             | 2044-05-15      | 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: 837031ZN6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    845000 | PA      | $700538.21    | 0.10%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CB5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    625000 | PA      | $669348.00    | 0.10%             | 2048-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1428370.59   | 0.21%             | 2050-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CE9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3254773.31   | 0.48%             | 2054-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2432409.46   | 0.36%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1894301.30   | 0.28%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE            | CUSIP: 83703FLQ3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1310573.56   | 0.19%             | 2048-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712D2W5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $209062.71    | 0.03%             | 2053-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371514W6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    960000 | PA      | $1000095.94   | 0.15%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                              | S MIAMI FL HLTH FACS AUTH                                    | CUSIP: 838810ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1310355.04   | 0.19%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   2825000 | PA      | $3059814.00   | 0.45%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4695034.03   | 0.69%             | 2053-05-01      | Floating      | 5.00%                 | 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        |   1890000 | PA      | $2048302.05   | 0.30%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4595000 | PA      | $4899333.28   | 0.72%             | 2054-01-01      | Floating      | 5.00%                 | 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        |   4895000 | PA      | $5240169.46   | 0.77%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1373207.90   | 0.20%             | 2055-03-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern Groves Community Development District No 5                              | SOUTHERN GROVE CMNTY DEV DIST #5  SPL ASSMNT                 | CUSIP: 843021AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $197871.83    | 0.03%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                        | SPRING BRANCH TX INDEP SCH DIST                              | CUSIP: 849476WT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1215431.11   | 0.18%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Spring Lake Park MN                                                      | SPRING LAKE PARK MN CHRT SCH LEASE REVENUE                   | CUSIP: 849824AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1061332.31   | 0.16%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springdale AR Sales & Use Tax Revenue                                    | SPRINGDALE AR SALES & USE REVENUE                            | CUSIP: 850269GA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3022232.90   | 0.45%             | 2047-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Stevens Plantation Community Development District                                | STEVENS PLANTATION FL CDD SPL ASSMNT REVENUE                 | CUSIP: 860242AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800136 | PA      | $544092.58    | 0.08%             | 2035-05-01      | Fixed         | 7.10%                 | 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        |    310000 | PA      | $319070.54    | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | 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        |    420000 | PA      | $422755.66    | 0.06%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Hospital District                                                 | TARRANT CNTY TX HOSP DIST                                    | CUSIP: 876387FC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $570609.25    | 0.08%             | 2053-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGV9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5005000 | PA      | $4434344.41   | 0.65%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJK0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    285000 | PA      | $282006.45    | 0.04%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District                                                  | TARRANT TX REGL WTR DIST WTR TRANSMISSION FACS CONTRACT REV  | CUSIP: 876448JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3263430.17   | 0.48%             | 2055-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority                 | CUSIP: 59465M4M4<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2338383 | PA      | $2209250.94   | 0.33%             | 2048-10-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | Wisconsin Housing & Economic Development Authority           | CUSIP: 976904Q54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1677778 | PA      | $1665236.63   | 0.25%             | 2057-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | Wisconsin Housing & Economic Development Authority           | CUSIP: 976904Q54<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1342222 | PA      | $1332189.28   | 0.20%             | 2057-05-01      | 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        |   9060000 | PA      | $9828646.78   | 1.45%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   9240000 | PA      | $9885063.80   | 1.46%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  11655000 | PA      | $12571965.28  | 1.86%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4775438.80   | 0.70%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GB60<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10980000 | PA      | $11593588.75  | 1.71%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   8295000 | PA      | $8786954.05   | 1.30%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111D27<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   8126347 | PA      | $8666640.98   | 1.28%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JCD8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10076334 | PA      | $10689934.72  | 1.58%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |  12450000 | PA      | $13991623.74  | 2.07%             | 2054-04-01      | Fixed         | 5.75%                 | 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        |   4041117 | PA      | $4165300.22   | 0.61%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352403J0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5982622.63   | 0.88%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  12597022 | PA      | $13700782.41  | 2.02%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182QX7<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |  10097975 | PA      | $10655304.13  | 1.57%             | 2053-11-15      | Fixed         | 5.50%                 | 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        |  14172969 | PA      | $15109692.84  | 2.23%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647GP0<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  11193793 | PA      | $11296414.77  | 1.67%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  10407026 | PA      | $11550122.56  | 1.71%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285ABJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7785000 | PA      | $7929178.20   | 1.17%             | 2052-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221SBL4<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |  10233792 | PA      | $10163351.69  | 1.50%             | 2049-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GDE6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   6360000 | PA      | $6306087.55   | 0.93%             | 2049-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE               | CUSIP: 63968M7H6<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   5904074 | PA      | $5983968.95   | 0.88%             | 2054-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                              | CROWLEY TX INDEP SCH DIST                                    | CUSIP: 228130KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5967015 | PA      | $6335558.82   | 0.94%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                              | GEORGIA ST HSG & FIN AUTH REVENUE                            | CUSIP: 37353PPU7<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |  11882970 | PA      | $11855819.80  | 1.75%             | 2050-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15102019 | PA      | $15561196.48  | 2.30%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                 | CUSIP: 574294CV4<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |  11400000 | PA      | $11860272.72  | 1.75%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GK29<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   7722028 | PA      | $8112646.58   | 1.20%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                      | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001KR2<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   8980000 | PA      | $9544736.04   | 1.41%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59260XCS5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10344056 | PA      | $10825794.92  | 1.60%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GYP4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  12640000 | PA      | $13658701.84  | 2.02%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6010000 | PA      | $6262156.16   | 0.92%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444453B3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   7783799 | PA      | $8217988.22   | 1.21%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582R2Z8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7712400 | PA      | $8104000.71   | 1.20%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444453B3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   8957970 | PA      | $9457656.38   | 1.40%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                             | N TX MUNI WTR DIST REGL WSTWTR SYS CONTRACT REVENUE          | CUSIP: 66283ALD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11415366 | PA      | $11885897.57  | 1.75%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX                                                | CUSIP: 0882815P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9840000 | PA      | $10311631.20  | 1.52%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   6747671 | PA      | $7323429.96   | 1.08%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CHS0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  11680000 | PA      | $12106851.44  | 1.79%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                     | DE KALB CNTY GA WTR & SWR REVENUE                            | CUSIP: 240523F47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9456592 | PA      | $9906263.51   | 1.46%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15240418 | PA      | $15960780.86  | 2.36%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Tallahassee FL                                                           | TALLAHASSEE FL CAPITAL BONDS                                 | CUSIP: 874458MT6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |   9752660 | PA      | $10439107.97  | 1.54%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                     | DE KALB CNTY GA WTR & SWR REVENUE                            | CUSIP: 240523F47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11405000 | PA      | $11947320.67  | 1.76%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas City Industrial Development Corp                                           | TEXAS CITY TX INDL DEV CORP INDL REVENUE                     | CUSIP: 882275AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $226143.05    | 0.03%             | 2045-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAE2<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    270000 | PA      | $181407.28    | 0.03%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAF9<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    145000 | PA      | $92305.77     | 0.01%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAG7<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    195000 | PA      | $117248.43    | 0.02%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAH5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    200000 | PA      | $113418.02    | 0.02%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAJ1<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $534857.40    | 0.08%             | 2039-08-01      | None          | 0.00%                 | 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        |    795000 | PA      | $337515.82    | 0.05%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAP7<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    605000 | PA      | $242694.84    | 0.04%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV    | CUSIP: 88283NAQ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $431615.19    | 0.06%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285AGC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4780000 | PA      | $4614620.60   | 0.68%             | 2059-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $2962735.76   | 0.44%             | 2046-06-01      | 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        |   4430000 | PA      | $4441219.42   | 0.66%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6150889.96   | 0.91%             | 2058-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Trout Creek Community Development District                                       | TROUT CREEK CDD FL CAPITAL IMPT REVENUE                      | CUSIP: 897188AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $595876.87    | 0.09%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Trout Creek Community Development District                                       | TROUT CREEK CDD FL CAPITAL IMPT REVENUE                      | CUSIP: 897188AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $875698.32    | 0.13%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                 | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $536489.81    | 0.08%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                            | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1539520.40   | 0.23%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                           | UNIV OF KENTUCKY LEASE PURCHASE OBLIGS                       | CUSIP: 914383BP8<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |   4415000 | PA      | $4552398.33   | 0.67%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                      | UNIV OF NORTH CAROLINA AT CHAPEL HILL NC HOSP REVENUE        | CUSIP: 914714CZ1<br>LEI: 5493004DU2QADMVXVR58 | Long             | DBT              | MUN               | US        |    460000 | PA      | $514155.94    | 0.08%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP SF MTGE REVENUE                                | CUSIP: 917437JR7<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1838945.01   | 0.27%             | 2050-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TC68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $145543.37    | 0.02%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TC76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $336643.92    | 0.05%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TLB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $369432.72    | 0.05%             | 2042-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TYL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $192944.52    | 0.03%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                            | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $398334.21    | 0.06%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH                                        | CUSIP: 921626QH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $904065.31    | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CJJ4<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    275000 | PA      | $270864.77    | 0.04%             | 2030-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $586777.70    | 0.09%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR   | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1116349.00   | 0.16%             | 2052-12-31      | Fixed         | 5.00%                 | 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        |   1195000 | PA      | $1163294.14   | 0.17%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812U6J2<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    365000 | PA      | $367571.10    | 0.05%             | 2044-10-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YDY2<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2651290.09   | 0.39%             | 2059-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783VW3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    900000 | PA      | $836392.23    | 0.12%             | 2043-01-01      | 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        |    530000 | PA      | $562865.88    | 0.08%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                         | WASHINGTON TWP CA HLTH CARE DIST                             | CUSIP: 940642CF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $925716.88    | 0.14%             | 2040-08-01      | Fixed         | 5.50%                 | 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        |    290000 | PA      | $236698.64    | 0.03%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                          | WESTSIDE FL CDD SPL ASSMNT REVENUE                           | CUSIP: 96149TAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $688072.96    | 0.10%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   8601992 | NS      | $8602851.75   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ysleta Independent School District                                               | YSLETA TX INDEP SCH DIST                                     | CUSIP: 98816PFN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2650705.20   | 0.39%             | 2056-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer