# EDGAR Filing Document

**Accession Number:** 0000711600
**File Stem:** 0001752724-23-013473
**Filing Date:** 2023-1
**Character Count:** 129457
**Document Hash:** 44a9d63f781d7a0862e6c3ddd691c40f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-013473.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-013473

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000711600
- **IRS NUMBER:** 042782118
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03632
- **FILM NUMBER:** 23553627

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

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** NEW  YORK

  - **State:** NY

  - **Foreign country:** US

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

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $820690947.56

**Total Liabilities:** $12791718.90

**Net Assets:** $807899228.66

**Delayed Delivery Securities:** $11528957.05

**Cash Not Reported:** $7568.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1234.50000000 | **1-Year:** -31527.36000000 | **5-Year:** -126181.12000000 | **10-Year:** -142632.52000000 | **30-Year:** -13215.70000000

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

- **3-Month:** -51.44000000 | **1-Year:** -2084.33000000 | **5-Year:** -9251.25000000 | **10-Year:** -15398.32000000 | **30-Year:** -1876.88000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016867 | -3.12%               | -0.55%               | 3.69%                |
| Class ID C000016872 | -3.10%               | -0.62%               | 3.81%                |
| Class ID C000016871 | -3.19%               | -0.53%               | 3.71%                |
| Class ID C000016870 | -3.19%               | -0.71%               | 3.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-919897.65              | $-27788766.13                              |
| Month 2  | $-1743824.85             | $-4803877.29                               |
| Month 3  | $-1083988.15             | $28651139.56                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New York State Thruway Authority                                             | NEW YORK ST THRUWAY AUTH                                           | CUSIP: 650009ZW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10222585.00  | 1.27%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                          | PHILADELPHIA PA SCH DIST                                           | CUSIP: 717883UD2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32457.38     | 0.00%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                  | OHIO ST HGR EDUCTNL FAC COMMISSION                                 | CUSIP: 67756DG26<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1993498.52   | 0.25%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                  | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DCH3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5033373.50   | 0.62%             | 2049-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                      | CUSIP: 13063DLS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7739995.90   | 0.96%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                          | CUSIP: 544445E62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4985000 | PA      | $5577705.53   | 0.69%             | 2037-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue            | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE            | CUSIP: 64972HY89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5390097.00   | 0.67%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA ST HSG FIN AGY MULTIFAMILY GREEN TAX EXEMPT             | CUSIP: 13034CAA4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   9530767 | PA      | $8379616.01   | 1.04%             | 2035-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                           | FEDERAL HOME LOAN MTGE CORP VA MF VARIABLE RATE CTFS               | CUSIP: 31350ACL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6870000 | PA      | $5920640.88   | 0.73%             | 2037-06-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                         | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE                     | CUSIP: 880461BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $109833.52    | 0.01%             | 2038-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                          | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1285998.77   | 0.16%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                   | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447TMG5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  10700000 | PA      | $11209351.03  | 1.39%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                              | ALLEGHENY CNTY PA HOSP DEV AUTH                                    | CUSIP: 01728A3U8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5298822.50   | 0.66%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Turlock Irrigation District                                                  | TURLOCK CA IRR DIST                                                | CUSIP: 900190KX6<br>LEI: 5493001J7IGC81HEQJ12 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2971501.03   | 0.37%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue      | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971WAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $772547.55    | 0.10%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                            | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE       | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   5755000 | PA      | $6014288.65   | 0.74%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                     | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080VF5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1936791.20   | 0.24%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                | ATLANTA GA WTR & WSTWTR REVENUE                                    | CUSIP: 047870LC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10903162.00  | 1.35%             | 2027-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue      | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971XRV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2577773.75   | 0.32%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tohopekaliga Water Authority                                                 | TOHOPEKALIGA FL WTR AUTH UTILITY SYS REVENUE                       | CUSIP: 88906REX4<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2250691.66   | 0.28%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                  | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9717019.00   | 1.20%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 6461366Y2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126982.20   | 0.26%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                    | SALT LAKE CITY UT ARPT REVENUE                                     | CUSIP: 795576HF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5218050.00   | 0.65%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares           | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |   6192959 | NS      | $6193578.76   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                            | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10459723.00  | 1.29%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                     | CONNECTICUT ST SPL TAX OBLIG REVENUE                               | CUSIP: 207758RD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8149786.40   | 1.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                    | CENTRL TX REGL MOBILITY AUTH REVENUE                               | CUSIP: 155498KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1496331.45   | 0.19%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                      | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE         | CUSIP: 882667BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1877835.80   | 0.23%             | 2036-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VS2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1045641.27   | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                  | BROWARD CNTY FL ARPT SYS REVENUE                                   | CUSIP: 114894YN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2478686.26   | 0.31%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                       | OHIO ST AIR QUALITY DEV AUTH                                       | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996038.60    | 0.12%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                          | WASHINGTON ST                                                      | CUSIP: 93974EDH6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1146731.20   | 0.14%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                    | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SP1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203570.68    | 0.03%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                    | OHIO ST TURNPIKE COMMISSION                                        | CUSIP: 67760HNS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1325043.49   | 0.16%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                 | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                   | CUSIP: 95648VBJ7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1219361.88   | 0.15%             | 2045-07-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                      | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1335538.68   | 0.17%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                     | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507136.10    | 0.06%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County School Board/The                                                  | LEE CNTY FL SCH BRD COPS                                           | CUSIP: 523494NL2<br>LEI: 54930014H67DITNA1Q29 | Long             | DBT              | MUN               | US        |   4360000 | PA      | $4500703.30   | 0.56%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                    | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813ST3<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250547.83    | 0.03%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                           | PORT OF SEATTLE WA REVENUE                                         | CUSIP: 735389V39<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5321853.50   | 0.66%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                   | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1354571.88   | 0.17%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 04052EBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $675859.56    | 0.08%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                           | CLARK CNTY NV                                                      | CUSIP: 180848YY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3074499.00   | 0.38%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                              | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                   | CUSIP: 70878CAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $506139.75    | 0.06%             | 2042-06-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                          | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY        | CUSIP: 92778VDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18755000 | PA      | $19500348.08  | 2.41%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                        | CUSIP: 452153CS6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2659827.75   | 0.33%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Office of Higher Education                                         | MINNESOTA ST OFFICE OF HGR EDU REVENUE                             | CUSIP: 60416MBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $1873904.94   | 0.23%             | 2038-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                 | VLG FL CDD #13 SPL ASSMNT REVENUE                                  | CUSIP: 92708HAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $843210.92    | 0.10%             | 2029-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                           | AKRON BATH COPLEY JT TWP OH HOSP DIST                              | CUSIP: 009730PS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1532989.48   | 0.19%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Higher Education Loan Authority                                     | Missouri Higher Education Loan Authority                           | CUSIP: 606072LC8<br>LEI: 549300MTJ0T46T0MPL41 | Long             |  | MUN               | US        |   5977336 | PA      | $5163229.64   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DF1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993812.80    | 0.12%             | 2057-07-01      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                                               | DELAWARE RIVER & BAY AUTH DE REVENUE                               | CUSIP: 246317HW4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2313812.20   | 0.29%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                             | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966059.60    | 0.12%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                        | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775CQB3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1766722.29   | 0.22%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                 | MASSACHUSETTS ST PORT AUTH                                         | CUSIP: 575896TJ4<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4251204.00   | 0.53%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                               | NEBRASKA ST PUBLIC PWR DIST REVENUE                                | CUSIP: 63968A4N2<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1574481.58   | 0.19%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                          | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987868.40    | 0.12%             | 2056-04-01      | Floating      | 2.35%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                     | AUSTIN TX ARPT SYS REVENUE                                         | CUSIP: 052398HJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1362284.00   | 0.17%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                    | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                        | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8693893.12   | 1.08%             | 2045-11-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2565840.35   | 0.32%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                          | NEW YORK NY                                                        | CUSIP: 64966QPZ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005086.60   | 0.12%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5647715.83   | 0.70%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                             | CUSIP: 613603XC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2779540.84   | 0.34%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | NEW JERSEY ST ECON DEV AUTH REV                                    | CUSIP: 64577XBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1141124.26   | 0.14%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                           | WISCONSIN ST                                                       | CUSIP: 97705MXA8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2577020.29   | 0.32%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1961925.07   | 0.24%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                          | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2926572.00   | 0.36%             | 2056-04-01      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| Bay Area Water Supply & Conservation Agency                                  | BAY AREA CA WTR SPLY & CONSV AGY                                   | CUSIP: 072031BX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1470832.46   | 0.18%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                        | MONTGOMERY CNTY PA INDL DEV AUTH                                   | CUSIP: 613609F76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8435000 | PA      | $8527818.74   | 1.06%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA DEV FIN CORP SURFACE TRANPRTN FAC REVENUE                  | CUSIP: 34061YAD2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1517027.24   | 0.19%             | 2049-01-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                         | CUSIP: 13068XCA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2744390.40   | 0.34%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                        | CHICAGO IL WTRWKS REVENUE                                          | CUSIP: 167736N86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036052.80   | 0.13%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                             | VIRGINIA ST PUBLIC SCH AUTH SCH FING                               | CUSIP: 92818HFC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7060000 | PA      | $7326089.99   | 0.91%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 04052EBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1368974.52   | 0.17%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584YJN0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069884.10   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                            | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                       | CUSIP: 649519DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $639649.20    | 0.08%             | 2031-11-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District                                             | REEDY CREEK FL IMPT DIST                                           | CUSIP: 758449RL8<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564828.65   | 0.19%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 7092237F2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2181465.80   | 0.27%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UFV5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022611.60   | 0.13%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                        | CUSIP: 452153EK1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139976.60   | 0.26%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                     | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080WP2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4905930.00   | 0.61%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                     | SAN ANTONIO TX WTR REVENUE                                         | CUSIP: 79642BZX4<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1919940.88   | 0.24%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VU7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1061212.74   | 0.13%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                 | PENNSYLVANIA ST COPS                                               | CUSIP: 709144NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $328688.43    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                          | WASHINGTON ST                                                      | CUSIP: 93974EDF0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1155420.20   | 0.14%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                           | SEATTLE WA MUNI LIGHT & PWR REVENUE                                | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $874406.05    | 0.11%             | 2045-05-01      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 7092237G0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2901761.11   | 0.36%             | 2027-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                        | New Mexico ST Mtge Fin Auth                                        | CUSIP: 647201FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2577005.41   | 0.32%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 6461363L3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    970000 | PA      | $1022427.63   | 0.13%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                 | DE KALB CNTY GA WTR & SWR REVENUE                                  | CUSIP: 240523WJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10300000 | PA      | $10320115.90  | 1.28%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                  | GEO L SMITH II GA CONGRESS CTR AUTH                                | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1169891.63   | 0.14%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584Y3P2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1391267.38   | 0.17%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                            | NORTH CAROLINA ST TURNPIKE AUTH                                    | CUSIP: 65830WAQ1<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132669.10   | 0.14%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                     | WEST VIRGINIA ST HOSP FIN AUTH                                     | CUSIP: 956622M84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2518500.48   | 0.31%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                               | VAUXMONT MET DIST CO                                               | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |   1643000 | PA      | $1357940.16   | 0.17%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                          | NEW JERSEY ST                                                      | CUSIP: 646039YP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1091023.41   | 0.14%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                        | MIAMI-DADE CNTY FL SCH BRD COPS                                    | CUSIP: 59333MU78<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7395754.10   | 0.92%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                     | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009568.90   | 0.12%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                            | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182TF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1560939.46   | 0.19%             | 2037-11-15      | Fixed         | 5.75%                 | 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: 64972GTB0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3050804.70   | 0.38%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML08 TRUST                                                        | Freddie Mac Multifamily ML Certificates                            | CUSIP: 30318LAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   2750871 | PA      | $2148714.60   | 0.27%             | 2037-11-25      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE           | CUSIP: 130536LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5372103.00   | 0.66%             | 2038-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                            | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX        | CUSIP: 91756SAP8<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279462.90    | 0.03%             | 2037-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                      | CUSIP: 34061WBV5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917855.60    | 0.11%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                  | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996913.90    | 0.12%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                      | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1349184.28   | 0.17%             | 2032-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                    | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SQ9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202937.10    | 0.03%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                | OHIO ST HOSP FAC REVENUE                                           | CUSIP: 677561LW0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1917509.43   | 0.24%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                            | TOBACCO SETTLEMENT FING CORP NJ                                    | CUSIP: 888808HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3130719.30   | 0.39%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VP8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    750000 | PA      | $766492.95    | 0.09%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                          | ROCKPORT IN POLL CONTROL REVENUE                                   | CUSIP: 773835BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3712305.46   | 0.46%             | 2025-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                               | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX            | CUSIP: 15504RGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5385000 | PA      | $5237463.39   | 0.65%             | 2045-11-01      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                          | NEW YORK NY                                                        | CUSIP: 64966MU98<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450000.00    | 0.06%             | 2046-10-01      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709224FK0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3079402.93   | 0.38%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority                                  | NEW MEMPHIS ARENA PUBLIC BLDG AUTH TN                              | CUSIP: 64704CAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $664423.58    | 0.08%             | 2030-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue            | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE            | CUSIP: 64972HWS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $7125144.08   | 0.88%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                            | NORTH CAROLINA ST TURNPIKE AUTH                                    | CUSIP: 65830WAP3<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    820000 | PA      | $932822.32    | 0.12%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                   | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                       | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2181038.33   | 0.27%             | 2025-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                 | PENNSYLVANIA ST COPS                                               | CUSIP: 709144NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $933362.14    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                           | ALDINE TX INDEP SCH DIST                                           | CUSIP: 014393XH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3114697.50   | 0.39%             | 2032-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                           | ILLINOIS ST MUNI ELEC AGY PWR SPLY                                 | CUSIP: 452024HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6837847.25   | 0.85%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE            | CUSIP: 64578JBA3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    915000 | PA      | $897288.80    | 0.11%             | 2029-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA ST INDL DEV AUTH REVENUE                                   | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4728760 | PA      | $4554462.09   | 0.56%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA ST INDL DEV AUTH EDU REVENUE                               | CUSIP: 04052BJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1288570.20   | 0.16%             | 2039-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                           | FEDERAL HOME LOAN MTGE CORP VA MF VARIABLE RATE CTFS               | CUSIP: 31350ACN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $6307102.34   | 0.78%             | 2035-06-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                            | NORTH CAROLINA ST TURNPIKE AUTH                                    | CUSIP: 65830WAR9<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127491.20   | 0.14%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                          | NORTH DAKOTA ST HSG FIN AGY                                        | CUSIP: 658909TY2<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3074999.69   | 0.38%             | 2043-01-01      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE               | CUSIP: 13034AQ45<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1408998.73   | 0.17%             | 2047-08-01      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261APY7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1246326.84   | 0.15%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                     | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1724536.58   | 0.21%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                  | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DAW2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8280748.58   | 1.02%             | 2048-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                | OHIO ST HOSP REVENUE                                               | CUSIP: 67756CDJ4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4959604.00   | 0.61%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                | N TX TOLLWAY AUTH REVENUE                                          | CUSIP: 66285WJ56<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2790282.00   | 0.35%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue      | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971WBA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1208674.21   | 0.15%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                  | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1496074.95   | 0.19%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675932C5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530262.95    | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                             | IOWA ST STUDENT LOAN LIQUIDITY CORP                                | CUSIP: 462590MS6<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    455000 | PA      | $427996.48    | 0.05%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                          | WASHINGTON ST                                                      | CUSIP: 93974EDG8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    750000 | PA      | $862327.20    | 0.11%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                              | KING CNTY WA SWR REVENUE                                           | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3742578.81   | 0.46%             | 2040-01-01      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                           | PITTSBURGH PA WTR & SWR AUTH                                       | CUSIP: 725304UC1<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999006.40    | 0.12%             | 2040-09-01      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                       | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION               | CUSIP: 409328AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4426155.37   | 0.55%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                        | CUSIP: 452152L74<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5325000 | PA      | $5466130.61   | 0.68%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                               | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN                     | CUSIP: 574204U92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1148391.70   | 0.14%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                               | NEBRASKA ST PUBLIC PWR DIST REVENUE                                | CUSIP: 63968A4Q5<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3041611.93   | 0.38%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Barbara CA                                                   | SANTA BARBARA CNTY CA SOLID WASTE SYS REVENUE COPS                 | CUSIP: 80136PCT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5412571.50   | 0.67%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                      | JACKSONVILLE FL SPL REVENUE                                        | CUSIP: 469487TX0<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5668316.00   | 0.70%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                       | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION               | CUSIP: 409328AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2102568.97   | 0.26%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                  | MAIN STREET NATURAL GAS INC GA GAS REVENUE                         | CUSIP: 56036YDF9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1759860.25   | 0.22%             | 2024-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976AER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5185000 | PA      | $4159059.09   | 0.51%             | 2036-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                    | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1919065.40   | 0.24%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                  | OHIO ST HGR EDUCTNL FAC COMMISSION                                 | CUSIP: 67756DG34<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2683193.88   | 0.33%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai/The                | YAVAPAI CNTY AZ INDL DEV AUTH SOL WST DISP REVENUE                 | CUSIP: 98521UAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1695339.98   | 0.21%             | 2028-03-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| City of Springfield IL Electric Revenue                                      | SPRINGFIELD IL ELEC REVENUE                                        | CUSIP: 850578TM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3631939.50   | 0.45%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH MUNI CTFS                                     | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3979443 | PA      | $3811412.36   | 0.47%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                     | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080UN9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1351835.10   | 0.17%             | 2039-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                          | LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE             | CUSIP: 54473EXA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1787694.90   | 0.22%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                     | CONNECTICUT ST SPL TAX OBLIG REVENUE                               | CUSIP: 207758K77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1765705.15   | 0.22%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia County Housing Finance Authority                                    | ESCAMBIA CNTY FL HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 296122VV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2396078.27   | 0.30%             | 2050-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                        | CHICAGO IL WTRWKS REVENUE                                          | CUSIP: 167736N78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $662498.33    | 0.08%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                          | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE                  | CUSIP: 64542QBN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5630509.20   | 0.70%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi Gaming Tax Revenue                                      | MISSISSIPPI ST GAMING TAX REVENUE                                  | CUSIP: 605638BP9<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4282084.80   | 0.53%             | 2036-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                         | MICHIGAN ST TRUNK LINE                                             | CUSIP: 5946952T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2576725.50   | 0.32%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                            | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE              | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3391230.34   | 0.42%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District                                             | ESTRN CA MUNI WTR DIST WTR & WSTWTR REVENUE                        | CUSIP: 27627TCG5<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $3881137.16   | 0.48%             | 2046-07-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                | TEXAS ST WTR DEV BRD                                               | CUSIP: 882854A69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5222538.00   | 0.65%             | 2032-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                     | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514543.45    | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                        | UTILITY DEBT SECURITIZATION AUTH NY                                | CUSIP: 91802RFM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $8067522.40   | 1.00%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675932B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $762215.60    | 0.09%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                            | MARYLAND ST                                                        | CUSIP: 574193VF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11410218.00  | 1.41%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976ACR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2711152.80   | 0.34%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                        | NEW YORK ST URBAN DEV CORP REVENUE                                 | CUSIP: 650036BX3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5531349.00   | 0.68%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                             | FLORIDA ST                                                         | CUSIP: 3411506D7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5197949.00   | 0.64%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                              | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS MF TAX-EXEMPT                 | CUSIP: 88275LAH9<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   5854744 | PA      | $4696505.99   | 0.58%             | 2038-05-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3311269.15   | 0.41%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                              | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                          | CUSIP: 032556NG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106366.30   | 0.14%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                          | NEW JERSEY ST                                                      | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1621639.66   | 0.20%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6932352.00   | 0.86%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                            | REGL TRANSPRTN AUTH IL                                             | CUSIP: 759911XT2<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5211024.50   | 0.65%             | 2024-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5223930.50   | 0.65%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                     | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1477752.39   | 0.18%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV           | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7394521.40   | 0.92%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                           | MONTANA ST FAC FIN AUTH REVENUE                                    | CUSIP: 61204KNP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1337925.96   | 0.17%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                         | BROOME CNTY NY LOCAL DEV CORP REVENUE                              | CUSIP: 114731AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1558252.15   | 0.19%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                            | SPARKS NV TOURISM IMPT DIST #1 REVENUE                             | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1330416.45   | 0.16%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                     | CAPITAL TRUST AGY FL REVENUE                                       | CUSIP: 14052WDM6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1846698.00   | 0.23%             | 2031-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                           | MONTANA ST FAC FIN AUTH REVENUE                                    | CUSIP: 61204KNR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137950.90   | 0.14%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                | MASSACHUSETTS ST EDUCTNL FING AUTH                                 | CUSIP: 57563RSJ9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    545000 | PA      | $448193.78    | 0.06%             | 2037-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                 | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                            | CUSIP: 592190QT2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1783213.41   | 0.22%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CAR9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2779764.75   | 0.34%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE                 | CUSIP: 71780CAZ3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    900000 | PA      | $844940.16    | 0.10%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                         | TOBACCO SETTLEMENT FING CORP RI                                    | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2979010.20   | 0.37%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CAS7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1864128.71   | 0.23%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                           | FEDERAL HOME LOAN MTGE CORP VA MF VARIABLE RATE CTFS               | CUSIP: 31350AAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $349447.80    | 0.04%             | 2027-05-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| State of Mississippi Gaming Tax Revenue                                      | MISSISSIPPI ST GAMING TAX REVENUE                                  | CUSIP: 605638AN5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   4755000 | PA      | $4990868.92   | 0.62%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                      | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE         | CUSIP: 882667BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473513.00    | 0.06%             | 2035-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA DEV FIN CORP SURFACE TRANPRTN FAC REVENUE                  | CUSIP: 34061YAC4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1827280.80   | 0.23%             | 2049-01-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                  | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1948347.30   | 0.24%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                          | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087964R5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2862862.00   | 0.35%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2387773.68   | 0.30%             | 2039-03-01      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                     | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080VY4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    830000 | PA      | $676027.61    | 0.08%             | 2040-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                           | PORT OF SEATTLE WA REVENUE                                         | CUSIP: 735389V21<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3817484.54   | 0.47%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 7092237H8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028993.30   | 0.13%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE                   | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910761.00    | 0.11%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                      | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $256298.43    | 0.03%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                            | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3732662.27   | 0.46%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                  | OHIO ST HGR EDUCTNL FAC COMMISSION                                 | CUSIP: 67756DF92<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1201521.97   | 0.15%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                 | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE           | CUSIP: 79574CEY5<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1817484.02   | 0.22%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506DU94<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001986.40   | 0.25%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                        | CUSIP: 4521526H9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561842.90   | 0.19%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709224PC7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5298098.00   | 0.66%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | MET WTR DIST OF STHRN CA WTRWKS REVENUE                            | CUSIP: 59266TNV9<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2103198.15   | 0.26%             | 2037-07-01      | Floating      | 2.04%                 | No            |                  2 | On Loan: No      |
| County of Lake FL                                                            | LAKE CNTY FL EDUCTNL FACS REVENUE                                  | CUSIP: 50825CAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $687530.32    | 0.09%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                          | SHELBY CNTY TN                                                     | CUSIP: 821686X98<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3481167.68   | 0.43%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                            | NORTH CAROLINA ST TURNPIKE AUTH                                    | CUSIP: 65830WAS7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    500000 | PA      | $561850.00    | 0.07%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                          | AUSTIN TX WTR & WSTWTR SYS REVENUE                                 | CUSIP: 052477QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3971222.85   | 0.49%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH MUNI CTFS                                     | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2994004 | PA      | $2760987.24   | 0.34%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                    | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SS5<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226433.70    | 0.03%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                   | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2197527.90   | 0.27%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                            | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE                | CUSIP: 396649ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2591360.25   | 0.32%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                               | NEBRASKA ST PUBLIC PWR DIST REVENUE                                | CUSIP: 63968A4R3<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3300890.70   | 0.41%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                          | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087962J5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    965000 | PA      | $961560.16    | 0.12%             | 2041-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                       | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 1964795U9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1688012.74   | 0.21%             | 2049-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                   | NEW ORLEANS LA AVIATION BRD SPL FAC REVENUE                        | CUSIP: 64763KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1336166.75   | 0.17%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV        | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1208041.25   | 0.15%             | 2041-07-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                    | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SR7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253139.08    | 0.03%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                     | CONNECTICUT ST SPL TAX OBLIG REVENUE                               | CUSIP: 207758E74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140914.90   | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                          | NEW YORK NY                                                        | CUSIP: 64966K3N1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   8620000 | PA      | $8742138.50   | 1.08%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                            | MARYLAND ST                                                        | CUSIP: 574193VC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1350270.25   | 0.17%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $871340.00    | 0.11%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Barbara CA                                                   | SANTA BARBARA CNTY CA SOLID WASTE SYS REVENUE COPS                 | CUSIP: 80136PCU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5392235.50   | 0.67%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                         | BROOME CNTY NY LOCAL DEV CORP REVENUE                              | CUSIP: 114731AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1472988.30   | 0.18%             | 2036-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                             | CUSIP: 613603XE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2771560.07   | 0.34%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                   | CHICAGO IL BRD OF EDU                                              | CUSIP: 167505YH3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4456112.50   | 0.55%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                          | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1600356.00   | 0.20%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                      | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE                       | CUSIP: 686087YJ0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2805035.57   | 0.35%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                         | CONNECTICUT ST                                                     | CUSIP: 20772KNA3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $945237.40    | 0.12%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                    | OHIO ST TURNPIKE COMMISSION                                        | CUSIP: 67760HJR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1317454.42   | 0.16%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VQ6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    840000 | PA      | $856561.69    | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                    | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                        | CUSIP: 121342PV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992481.60    | 0.12%             | 2032-10-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                 | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE           | CUSIP: 79574CEX7<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1290901.24   | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                        | CUSIP: 452152ML2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   7150000 | PA      | $7227356.57   | 0.89%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                           | FEDERAL HOME LOAN MTGE CORP VA MF VARIABLE RATE CTFS               | CUSIP: 31350ACJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $1952971.77   | 0.24%             | 2034-04-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority                                  | NEW MEMPHIS ARENA PUBLIC BLDG AUTH TN                              | CUSIP: 64704CAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $976860.72    | 0.12%             | 2029-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                           | MONTANA ST FAC FIN AUTH REVENUE                                    | CUSIP: 61204KNQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1440881.96   | 0.18%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue      | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971WBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $961664.89    | 0.12%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970000 | PA      | $4023316.70   | 0.50%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                               | LOWER COLORADO RIVER TX AUTH REVENUE                               | CUSIP: 54811GK58<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2685000 | PA      | $3078163.74   | 0.38%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                        | NORTHSIDE TX INDEP SCH DIST                                        | CUSIP: 66702RWD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2849281.30   | 0.35%             | 2049-08-01      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584YJP5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2130072.80   | 0.26%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                              | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                   | CUSIP: 70878CAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4240000 | PA      | $3506708.11   | 0.43%             | 2041-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                   | CUSIP: 91282CAV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3800000 | PA      | $3087648.43   | 0.38%             | 2030-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                        | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1683360.36   | 0.21%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                   | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204FGV1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1163743.90   | 0.14%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                | MASSACHUSETTS ST EDUCTNL FING AUTH                                 | CUSIP: 57563RQU6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    450000 | PA      | $449978.22    | 0.06%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                          | PHILADELPHIA PA SCH DIST                                           | CUSIP: 717883UE0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   8970000 | PA      | $9504096.23   | 1.18%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                  | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DBQ4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3247527.69   | 0.40%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                   | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1479946.14   | 0.18%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                           | HOUSTON TX UTILITY SYS REVENUE                                     | CUSIP: 44244CWK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1727588.93   | 0.21%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2019-ML05 TRUST                                                        | Freddie Mac Multifamily ML Certificates                            | CUSIP: 30309HAC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   1415701 | PA      | $1314989.45   | 0.16%             | 2036-01-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                          | CUSIP: 544445E54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $2046856.63   | 0.25%             | 2036-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 167593K84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2607452.50   | 0.32%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                        | ILLINOIS ST TOLL HIGHWAY AUTH                                      | CUSIP: 452252GY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252148.00   | 0.15%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                        | CUSIP: 452153EH8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118848.00   | 0.26%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                        | CUSIP: 4521526G1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513893.05    | 0.06%             | 2024-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                     | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1340703.39   | 0.17%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                  | WASHINGTON ST HLTH CARE FACS AUTH                                  | CUSIP: 93978HSH9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2415918.16   | 0.30%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                              | HAWAII ST                                                          | CUSIP: 419792RQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4569502.96   | 0.57%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                      | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1631504.32   | 0.20%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Water Supply & Conservation Agency                                  | BAY AREA CA WTR SPLY & CONSV AGY                                   | CUSIP: 072031BW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1410446.50   | 0.17%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                 | MASSACHUSETTS ST PORT AUTH                                         | CUSIP: 575896TH8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5332298.00   | 0.66%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                         | CUSIP: 13068XAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4120558.05   | 0.51%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                    | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                         | CUSIP: 158862BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7235000 | PA      | $7341804.52   | 0.91%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                            | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                       | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4586566.00   | 0.57%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                          | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1167339.57   | 0.14%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                           | PLAZA AT NOAHS ARK CMNTY IMPT DIST MO TAX INCR & IMPT              | CUSIP: 72813LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $640206.83    | 0.08%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                              | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                          | CUSIP: 032556NF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106549.60   | 0.14%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                         | CUSIP: 70869PHJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3083517.90   | 0.38%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                      | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $715397.34    | 0.09%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                           | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT               | CUSIP: 64990BNA7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8820000 | PA      | $9136114.09   | 1.13%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                 | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                  | CUSIP: 83712DC79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280146.30    | 0.03%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2019-ML05 TRUST                                                        | Freddie Mac Multifamily ML Certificates                            | CUSIP: 30309HAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    585291 | PA      | $549012.33    | 0.07%             | 2033-11-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                    | OHIO ST TURNPIKE COMMISSION                                        | CUSIP: 67760HNR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1302143.42   | 0.16%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT        | CUSIP: 38122NZP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5630074.50   | 0.70%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-16

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

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer