# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-25-005066
**Filing Date:** 2025-12
**Character Count:** 122967
**Document Hash:** 6dc60c717447c5bef7249f34550e83fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-005066.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001099263-25-005066

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Exchange-Traded Funds, Inc.
- **CENTRAL INDEX KEY:** 0001795351

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 251591464

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## Series and Classes Contracts Data

### T. Rowe Price Intermediate Municipal Income ETF (Series ID: S000084824)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000249324 | T. Rowe Price Intermediate Municipal Income ETF | TAXE            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. Rowe Price Exchange-Traded Funds, Inc.

- **b. Investment Company Act file number:** 811-23494

- **c. CIK number of Registrant:** 0001795351

- **d. LEI of Registrant:** 549300XZPUK24E1UMH17

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

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price Intermediate Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000084824

- **c. LEI of Series:** 254900S69BZ45RIX6U95

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $91953145.42

**Total Liabilities:** $153011.38

**Net Assets:** $91800134.04

**Delayed Delivery Securities:** $1049583.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -216.840624 | **1-Year:** -3489.390266 | **5-Year:** -17376.090482 | **10-Year:** -22577.555497 | **30-Year:** -648.387502

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

- **3-Month:** -7.726037 | **1-Year:** -380.394430 | **5-Year:** -1396.840786 | **10-Year:** -1363.809827 | **30-Year:** -93.492722

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249324 | 0.86%                | 1.85%                | 1.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28885.84                | $329974.07                                 |
| Month 2  | $751.21                  | $1299221.27                                |
| Month 3  | $-14934.12               | $632874.27                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALACHUA CO FL HLTH FACS SHANDS HSP SR B1         | ALACHUA CNTY FL HLTH FACS AUTH ALAMED 12/34 FIXED 5         | CUSIP: 010685KZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $468440.55    | 0.51%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AK ST HSG FIN CORP MTG REV SER A                 | ALASKA ST HSG FIN CORP MTGE RE AKSHSG 06/31 FIXED 2.15      | CUSIP: 01170RHX3<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    195000 | PA      | $180013.55    | 0.20%             | 2031-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| ANNE ARUNDEL CO MD                               | ANNE ARUNDEL CNTY MD AAR 10/37 FIXED 5                      | CUSIP: 03588JJL7<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1163301.60   | 1.27%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZ ST ED REV PINECREST ACADEMY 144A              | ARIZONA ST INDL DEV AUTH EDU R AZSEDU 07/29 FIXED 4.5       | CUSIP: 04052BRH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193881.36    | 0.21%             | 2029-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AZ ST IDA CADENCE CAMPUS PROJ SER A 144A         | ARIZONA ST INDL DEV AUTH EDU R AZSEDU 07/40 FIXED 4         | CUSIP: 04052BLR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90600.88     | 0.10%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AZ ST IDA EQUITABLE SCH REVOL FUND SER A         | ARIZONA ST INDL DEV AUTH NATIO AZSEDU 11/27 FIXED 4         | CUSIP: 04052FCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $179768.66    | 0.20%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AZ ST IDA SCH REVOL FUND SER A                   | ARIZONA ST INDL DEV AUTH NATIO AZSEDU 11/29 FIXED 5         | CUSIP: 04052FEN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $255301.78    | 0.28%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZ ST INDL DEV AUTH-A                            | ARIZONA ST INDL DEV AUTH NATIO AZSEDU 11/34 FIXED 5         | CUSIP: 04052FEA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $235670.23    | 0.26%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV SR C AMT                     | ATLANTA GA ARPT REVENUE ATLAPT 07/29 FIXED 5                | CUSIP: 04780MZN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534820.85    | 0.58%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV SR C AMT                     | ATLANTA GA ARPT REVENUE ATLAPT 07/34 FIXED 5                | CUSIP: 04780MZT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $957521.08    | 1.04%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA-REV-B-1-AMT AMT                          | ATLANTA GA ARPT REVENUE ATLAPT 07/42 FIXED 5.25             | CUSIP: 04780M2Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108560.81    | 0.12%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATLANTA DEV AUTH-A 144A                          | ATLANTA GA DEV AUTH STUDENT HS ATLHSG 07/40 FIXED OID 5.25  | CUSIP: 04777LDT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127947.91    | 0.14%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA WTR & WASTEWTR REV SUB LIEN           | ATLANTA GA WTR   WSTWTR REVENU ATLUTL 11/37 FIXED 5         | CUSIP: 047870TA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $572170.15    | 0.62%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN CONV CNT 1ST TIER SER A                   | AUSTIN CONVENTION ENTERPRISES AUSFAC 01/27 FIXED 5          | CUSIP: 052409DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35283.14     | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN CONV CNT 1ST TIER SER A                   | AUSTIN CONVENTION ENTERPRISES AUSFAC 01/28 FIXED 5          | CUSIP: 052409DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131037.70    | 0.14%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN CONV CNT 1ST TIER SER A                   | AUSTIN CONVENTION ENTERPRISES AUSFAC 01/34 FIXED 5          | CUSIP: 052409DR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55376.08     | 0.06%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CO-REF                                 | BALTIMORE CNTY MD REVENUE BALGEN 01/37 FIXED OID 3.625      | CUSIP: 059151BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $68276.53     | 0.07%             | 2037-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD CONVENTION CENTER HTL               | BALTIMORE MD CONVENTION CENTER BALFAC 09/31 FIXED 5         | CUSIP: 05921PBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76268.87     | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS AL PROJ REV SER A          | BLACK BELT ENERGY GAS DIST AL BBEUTL 01/54 ADJUSTABLE VAR   | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    140000 | PA      | $150792.67    | 0.16%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DST SPLY REV               | BLACK BELT ENERGY GAS DIST AL BBEUTL 06/51 ADJUSTABLE VAR   | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033111.40   | 1.13%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BURKE CO GA PWR CO PLANT VOGTLE 2ND SER          | BURKE CNTY GA DEV AUTH POLL CO BURPOL 10/32 ADJUSTABLE VAR  | CUSIP: 121342QF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200680.04    | 0.22%             | 2032-10-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| BURKE CO GA DEV AUTH POLL CNTRL REV SR 4         | BURKE CNTY GA DEV AUTH POLL CO BURPOL 10/32 ADJUSTABLE VAR  | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205697.04    | 0.22%             | 2032-10-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| BURKE CO GA PWR PLANT VOGTLE 1ST SER 201         | BURKE CNTY GA DEV AUTH POLL CO BURPOL 11/53 ADJUSTABLE VAR  | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95240.77     | 0.10%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| BURKE CO GA PWR CO PLANT VOGTLE 2ND SER          | BURKE CNTY GA DEV AUTH POLL CO BURPOL 12/49 ADJUSTABLE VAR  | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220929.26    | 0.24%             | 2049-12-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| CA CMTY CHOICE AUTH CLEAN ENGY PJ SR H           | CALIFORNIA CMNTY CHOICE FING A CCEDEV 01/56 ADJUSTABLE VAR  | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    200000 | PA      | $223059.58    | 0.24%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CA CMTY CHOICE AUTH CLEAN ENGY PJ SR E-1         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/55 ADJUSTABLE VAR  | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $541964.00    | 0.59%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN KIPP SOC PUB A 144A           | CALIFORNIA SCH FIN AUTH SCH FA CASSCD 07/27 FIXED 5         | CUSIP: 13059TGU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102448.26    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN KIPP SOC PUB A 144A           | CALIFORNIA SCH FIN AUTH SCH FA CASSCD 07/28 FIXED 5         | CUSIP: 13059TGV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104138.60    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA ST INFA & ECON ACAD OF SCIENCES SR A          | CALIFORNIA ST INFRASTRUCTURE CASDEV 08/29 FIXED 3.25        | CUSIP: 13034A5B2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    450000 | PA      | $455058.50    | 0.50%             | 2029-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN AUTH-A-1                             | CALIFORNIA ST MUNI FIN AUTH MU CASGEN 11/40 ADJUSTABLE VAR  | CUSIP: 13050WAD3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201425.74    | 0.22%             | 2040-11-20      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| CA ST FIN REV CA BAPTIST UNIV SR A 144A          | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 11/40 FIXED 5.125     | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259219.35    | 0.28%             | 2040-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN AUTH                                 | CALIFORNIA ST MUNI FIN AUTH SP CASGEN 09/35 FIXED OID 4.625 | CUSIP: 13051ANC8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102020.79    | 0.11%             | 2035-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CA ST FIN AUTH STU HSG W VILL HOUSE PROJ         | CALIFORNIA ST MUNI FIN AUTH ST CASFIN 05/37 FIXED 5         | CUSIP: 13049YBF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258577.05    | 0.28%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STWD CMNTY DEV AUTH REV SER C1                | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/30 FIXED 5          | CUSIP: 13078YVN2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107196.81    | 0.12%             | 2030-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STWD CMNTYS DEV-B                             | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/33 FIXED 5          | CUSIP: 13078YWU5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    215000 | PA      | $235416.49    | 0.26%             | 2033-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STWD CMNTY DEV INFRASTRUCTURE SER A           | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/39 FIXED 5          | CUSIP: 13078YVE2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    330000 | PA      | $349670.48    | 0.38%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STWD CMNTY STU HSG IRVINE ARPTS SER A         | CALIFORNIA ST STWD CMNTYS DEVA CASDEV 05/30 FIXED 5         | CUSIP: 13078RGW4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    220000 | PA      | $226572.24    | 0.25%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA ST STWD CMNTY LOMA LINDA UNI A 144A           | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/28 FIXED 5         | CUSIP: 13080SVH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    225000 | PA      | $234697.43    | 0.26%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPE FEAR NC PUB UTILITY WTR & SWR REV           | CAPE FEAR NC PUBLIC UTILITY AU CAPUTL 04/40 FIXED 5         | CUSIP: 139391FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168136.61    | 0.18%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY NE PROJ 5 SER 1            | CENTRL PLAINS ENERGY PROJ NE G CENPWR 05/53 ADJUSTABLE VAR  | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $184571.00    | 0.20%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH REV                 | CENTRL TX REGL MOBILITY AUTH R CTXGEN 01/27 FIXED 5         | CUSIP: 155498EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $391057.64    | 0.43%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH REV SER C           | CENTRL TX REGL MOBILITY AUTH R CTXGEN 01/27 FIXED 5         | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002711.90   | 1.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL VLY CA ENERGY COMMODITY SPLY REV          | CENTRL VLY CA ENERGY AUTH COMM CTVPWR 12/55 ADJUSTABLE VAR  | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82958.79     | 0.09%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL CORP PROJ AMT SR 2022-2         | CHANDLER AZ INDL DEV AUTH INDL CHADEV 09/52 ADJUSTABLE VAR  | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $299936.47    | 0.33%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MDWY ARPT REV SER C AMT               | CHICAGO IL MIDWAY ARPT REVENUE CHIAPT 01/30 FIXED 5         | CUSIP: 167562TB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $235411.51    | 0.26%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV REF AMT C         | CHICAGO IL O HARE INTERNATIONA CHITRN 01/27 FIXED 5         | CUSIP: 1675935K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76652.23     | 0.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTL ARPT SNR LN SR C              | CHICAGO IL O HARE INTERNATIONA CHITRN 01/28 FIXED 5         | CUSIP: 167593VK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265883.96    | 0.29%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTL ARPT SNR LN SR A              | CHICAGO IL O HARE INTERNATIONA CHITRN 01/33 FIXED 5         | CUSIP: 167593ZD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $169032.06    | 0.18%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HGR EDU-A                                | CLIFTON TX HGR EDU FIN CORP ED CLIEDU 02/31 FIXED 5         | CUSIP: 187145UZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1374767.00   | 1.50%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HGR EDU-A                                | CLIFTON TX HGR EDU FIN CORP ED CLIEDU 02/37 FIXED 5         | CUSIP: 187145VF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551104.90    | 0.60%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HGR EDU FIN                              | CLIFTON TX HGR EDU FIN CORP ED CLIEDU 04/41 FIXED 5         | CUSIP: 187145XG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $401581.13    | 0.44%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REV SUST SR D2         | CMNTY DEV ADMIN MD MF DEV REVE COMMFH 01/29 FIXED 3.3       | CUSIP: 20364NCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252123.55    | 0.27%             | 2029-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REV SUS SR C2          | CMNTY DEV ADMIN MD MF DEV REVE COMMFH 01/29 FIXED 3.7       | CUSIP: 20364NDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50631.05     | 0.06%             | 2029-01-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS SER A                           | COLORADO ST COPS COSCTF 09/31 FIXED 5                       | CUSIP: 196711QK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314598.75    | 0.34%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS RURAL SER A                     | COLORADO ST COPS COSCTF 12/29 FIXED 5                       | CUSIP: 196711QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $182281.92    | 0.20%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS                                 | COLORADO ST COPS COSCTF 12/38 FIXED 6                       | CUSIP: 196711UW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $452455.73    | 0.49%             | 2038-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS                                 | COLORADO ST COPS COSCTF 12/39 FIXED 6                       | CUSIP: 196711UX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $315136.95    | 0.34%             | 2039-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS                                 | COLORADO ST COPS COSCTF 12/41 FIXED 6                       | CUSIP: 196711UZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1404176.81   | 1.53%             | 2041-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST REF INTERMOUNTAIN HLTH SR A          | COLORADO ST HLTH FACS AUTH REV COSMED 05/37 FIXED 5         | CUSIP: 19648FYD0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549907.25    | 0.60%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST REF INTERMOUNTAIN HLTH SR B          | COLORADO ST HLTH FACS AUTH REV COSMED 05/62 ADJUSTABLE VAR  | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    165000 | PA      | $167441.97    | 0.18%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CO ST HLTH FACS HOSP REV COMMON SR B-2 PUT       | COLORADO ST HLTH FACS AUTH REV COSMED 08/49 ADJUSTABLE VAR  | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220725.67    | 0.24%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CO ST HLTH FACS AUTH REV SER A-1                 | COLORADO ST HLTH FACS AUTH REV COSMED 11/58 ADJUSTABLE VAR  | CUSIP: 19648FXD1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    160000 | PA      | $169626.80    | 0.18%             | 2058-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SER A                             | CONNECTICUT ST CTS 03/41 FIXED 5                            | CUSIP: 20772KA90<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $222412.70    | 0.24%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST REF SER B                         | CONNECTICUT ST CTS 11/31 FIXED 5                            | CUSIP: 20772KTD1<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    455000 | PA      | $516127.89    | 0.56%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SUST BONDS SER G                  | CONNECTICUT ST CTS 11/39 FIXED 5                            | CUSIP: 20772KYN3<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    425000 | PA      | $479831.59    | 0.52%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CT ST HLTH & EDU AUTH REV UNI HTFRD SR N         | CONNECTICUT ST HLTH   EDUCTNL CTSHGR 07/31 FIXED 5          | CUSIP: 20775DDS8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     95000 | PA      | $96299.84     | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CT ST HLTH & EDU REV MASONICARE SER F            | CONNECTICUT ST HLTH   EDUCTNL CTSMED 07/27 FIXED 5          | CUSIP: 20774YV53<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15100.98     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CT ST HSG FIN-F1                                 | CONNECTICUT ST HSG FIN AUTH HS CTSHSG 11/33 FIXED 3.2       | CUSIP: 20775CXK5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    325000 | PA      | $323396.87    | 0.35%             | 2033-11-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST                         | CONROE TX INDEP SCH DIST CONSCD 02/38 FIXED 5               | CUSIP: 2084185D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $802228.74    | 0.87%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS FAIRBANKS TX SCH BLDG REF SER B          | CYPRESS FAIRBANKS TX INDEP SCH CYSSCD 02/36 FIXED 5         | CUSIP: 232769PM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $285286.98    | 0.31%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ECON DEV-A                              | DELAWARE ST ECON DEV AUTH REVE DESDEV 01/31 FIXED 3.6       | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103125.21    | 0.11%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DE ST HLTH FACS AUTH REV BEEBE MED CNTR          | DELAWARE ST HLTH FACS AUTH REV DESMED 06/31 FIXED 5         | CUSIP: 246388TC6<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |    400000 | PA      | $414093.92    | 0.45%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DE ST HLTH FACS AUTH REV BEEBE MED CNTR          | DELAWARE ST HLTH FACS AUTH REV DESMED 06/43 FIXED 5         | CUSIP: 246388TL6<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |     25000 | PA      | $24773.13     | 0.03%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV SER A AMT         | DENVER CITY   CNTY CO ARPT REV DENAPT 12/29 FIXED 5         | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1529850.69   | 1.67%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DC INC TAX SEC REV SR A                          | DIST OF COLUMBIA INCOME TAX SE DISGEN 06/31 FIXED 5         | CUSIP: 25477GXX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112658.07    | 0.12%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REV INGLESIDE RC SER A          | DIST OF COLUMBIA REVENUE DISREV 07/37 FIXED 5               | CUSIP: 25483VSE5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    165000 | PA      | $166273.64    | 0.18%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REV INGLESIDE RC SER A          | DIST OF COLUMBIA REVENUE DISREV 07/42 FIXED OID 5           | CUSIP: 25483VSF2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    155000 | PA      | $153982.80    | 0.17%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REF GEORGETOWN UNIV             | DIST OF COLUMBIA UNIV REVENUE DISHGR 04/36 FIXED 5          | CUSIP: 25484JDH0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153154.88    | 0.17%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DC WTR & SWR AUTH SUB LIEN SER A                 | DIST OF COLUMBIA WTR   SWR AUT DISUTL 10/44 FIXED 5         | CUSIP: 254845UE8<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    230000 | PA      | $244962.03    | 0.27%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DURHAM NC HSG MF HSG REV 500 EAST MAIN           | DURHAM NC HSG AUTH MF HSG REVE DURMFH 04/29 ADJUSTABLE VAR  | CUSIP: 266785AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86008.89     | 0.09%             | 2029-04-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUB HWY AUTH SER A                      | E 470 CO PUBLIC HIGHWAY AUTH EHYTRN 09/40 FIXED 5           | CUSIP: 26822LMW1<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    345000 | PA      | $383029.66    | 0.42%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY NW-A-REF                                  | ENERGY N W WA ELEC REVENUE ENEPWR 07/39 FIXED 5             | CUSIP: 29270C5U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564465.30    | 0.61%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY NW WA ELEC COLUMBIA GEN SER A             | ENERGY N W WA ELEC REVENUE ENEPWR 07/39 FIXED 5             | CUSIP: 29270C5L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $871990.80    | 0.95%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CO VA INOVA HLTH SYS PRJ SER A           | FAIRFAX CNTY VA INDL DEV AUTH FAIDEV 05/31 FIXED 5          | CUSIP: 303823LM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $288266.27    | 0.31%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CO INDL DEV INOVA HLTH SYS PROJ          | FAIRFAX CNTY VA INDL DEV AUTH FAIDEV 05/35 FIXED 5          | CUSIP: 30382VAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118474.40   | 1.22%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMVILLE VA IDA CONVOCATION CTR PRJ AGM         | FARMVILLE VA INDL DEV AUTH FAC FARIDA 07/53 FIXED 5.375     | CUSIP: 311617BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531886.40    | 0.58%             | 2053-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN LRN GATE COM SER A            | FLORIDA ST DEV FIN CORP FLSDEV 02/31 FIXED 5                | CUSIP: 340618CV7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    175000 | PA      | $176922.74    | 0.19%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN LRN GATE COM SER A            | FLORIDA ST DEV FIN CORP FLSDEV 02/38 FIXED 5                | CUSIP: 340618CW5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    240000 | PA      | $240981.94    | 0.26%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FL ST MUNI PWR AGY SER A                         | FLORIDA ST MUNI PWR AGY FLSPWR 10/28 FIXED 5                | CUSIP: 342816J22<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    335000 | PA      | $341493.51    | 0.37%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FL MUNI PWR AGY-A-REF                            | FLORIDA ST MUNI PWR AGY FLSPWR 10/35 FIXED 5                | CUSIP: 342816U78<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    235000 | PA      | $266209.15    | 0.29%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEO SMITH II GA CONV CTR AUTH HTL SER A          | GEO L SMITH II GA CONGRESS CTR GLSFAC 01/31 FIXED 2.375     | CUSIP: 37255MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $125651.88    | 0.14%             | 2031-01-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN ISD-REF                               | GEORGETOWN TX INDEP SCH DIST GGTSCD 02/38 FIXED 5.5         | CUSIP: 373046G96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $592356.70    | 0.65%             | 2038-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES WTR SWR DISP SEN LIEN SER A          | GREAT LAKES MI WTR AUTH SEWAGE GRTWTR 07/37 FIXED 5         | CUSIP: 39081HEQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $775074.14    | 0.84%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AU SENIOR LIEN SER A          | GREAT LAKES MI WTR AUTH WTR SP GRTWTR 07/38 FIXED 5         | CUSIP: 39081JFU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1120133.10   | 1.22%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENEVILLE TN HLTH & ED BALLAD SER A            | GREENEVILLE TN HLTH   EDUCTNL GREMED 07/37 FIXED 5          | CUSIP: 396649EV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92621.14     | 0.10%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CO                                      | GUILFORD CNTY NC GUI 03/37 FIXED 5                          | CUSIP: 401784W74<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |    480000 | PA      | $558527.47    | 0.61%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HALIFAX CO IDA VA ELEC & PWR CO SER A            | HALIFAX CNTY VA INDL DEV AUTH HALDEV 12/41 ADJUSTABLE VAR   | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $141633.74    | 0.15%             | 2041-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| HARRIS CO CULTURAL -B                            | HARRIS CNTY TX CULTURAL EDU FA HAREDU 07/37 FIXED 5         | CUSIP: 414009SK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $699115.16    | 0.76%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HI ARPTS SYS REV SER D                           | HAWAII ST ARPTS SYS REVENUE HISAPT 07/40 FIXED 5            | CUSIP: 419794L67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $224790.34    | 0.24%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA WESTMINSTER CANTERBURY           | HENRICO CNTY VA ECON DEV AUTH HENDEV 10/33 FIXED 4          | CUSIP: 42605QGV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102392.28    | 0.11%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENRICO CO EDA-C                                 | HENRICO CNTY VA ECON DEV AUTH HENDEV 12/32 FIXED OID 4      | CUSIP: 42605QFG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116124.31    | 0.13%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HIDALGO CO TX MOB TOLL & VEH REGIS SER A         | HIDALGO CNTY TX REGL MOBILITY HMATRN 12/41 FIXED 4          | CUSIP: 42934AAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $369831.16    | 0.40%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILLSBORO CO AVI TAMPA FL INTL SER B AMT         | HILLSBOROUGH CNTY FL AVIATION HILTRN 10/36 FIXED 5          | CUSIP: 432308V84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $692863.52    | 0.75%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY SER A                       | HONOLULU CITY   CNTY HI HON 07/42 FIXED 5                   | CUSIP: 438687ZD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273431.75    | 0.30%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UNITED AIR TERM SER B AMT             | HOUSTON TX ARPT SYS REVENUE HOUAPT 07/35 FIXED 5.5          | CUSIP: 442349HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111125.97    | 0.12%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ISD SR A                              | HOUSTON TX INDEP SCH DIST HOUSCD 02/27 FIXED 5              | CUSIP: 442403KV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $533326.07    | 0.58%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ID ST HLTH FAC ST LUKES HLTH SYS SR A            | IDAHO ST HLTH FACS AUTH REVENU IDSMED 03/30 FIXED 5         | CUSIP: 451295B73<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218502.94    | 0.24%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AU                            | IDAHO ST HLTH FACS AUTH REVENU IDSMED 12/26 FIXED 5.5       | CUSIP: 451295XK0<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501429.25    | 0.55%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IL ST FIN AUTH REV PLYMOUTH PLACE SER A          | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/32 FIXED 5           | CUSIP: 45204FHN8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    275000 | PA      | $280811.14    | 0.31%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH CLEAN WTR                   | ILLINOIS ST FIN AUTH REVENUE ILSGEN 07/37 FIXED 5           | CUSIP: 45204EY44<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79655.41     | 0.09%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IL ST FIN AUTH NW MEM HLTHCARE SR B DLY          | ILLINOIS ST FIN AUTH REVENUE ILSGEN 07/55 ADJUSTABLE VAR    | CUSIP: 45204FME2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.33%             | 2055-07-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH SER B 144A                  | ILLINOIS ST FIN AUTH REVENUE ILSGEN 10/44 FIXED 5           | CUSIP: 45204FYU3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98858.68     | 0.11%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SER A                                | ILLINOIS ST ILS 03/29 FIXED 5                               | CUSIP: 452153CQ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    295000 | PA      | $314761.40    | 0.34%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SER A                                | ILLINOIS ST ILS 10/30 FIXED 5                               | CUSIP: 4521522N0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    215000 | PA      | $227399.03    | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SER B                                | ILLINOIS ST ILS 10/32 FIXED 5                               | CUSIP: 4521523E9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    425000 | PA      | $447186.62    | 0.49%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IN FIN AUTH-D-2-REF                              | INDIANA ST FIN AUTH HLTH SYS R INSMED 10/63 ADJUSTABLE VAR  | CUSIP: 45470YGE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    200000 | PA      | $221218.00    | 0.24%             | 2063-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| IN ST FIN AUTH METHODIST HOSP SER A              | INDIANA ST FIN AUTH HOSP REVEN INSFIN 09/26 FIXED 5         | CUSIP: 45471AUH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252329.18    | 0.27%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENT CO DE STDNT HSG REV DOVER UNIV SER          | KENT CNTY DE STUDENT HSG   DIN KENHSG 07/32 FIXED 5         | CUSIP: 490237AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380313.68    | 0.41%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KY ST ECON OWENSBORO MED HLTH SER A              | KENTUCKY ST ECON DEV FIN AUTH KYSDEV 06/26 FIXED 5          | CUSIP: 49126KJU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60341.26     | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KY ST PUB ENERGY GAS SPLY REV SER A-1            | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 05/55 ADJUSTABLE VAR  | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106262.43    | 0.12%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KY ST PUB ENERGY GAS SPLY REV SER A-1            | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 08/52 ADJUSTABLE VAR  | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    175000 | PA      | $179850.51    | 0.20%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LA CA DEPT OF APRTS SUB LA INT SER B AMT         | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/29 FIXED 5         | CUSIP: 544445BT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $207063.49    | 0.23%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA CA DEPT OF APRTS REV SUB PRIV SER G           | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/29 FIXED 5         | CUSIP: 544445A82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $241302.31    | 0.26%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA CA DEPT OF APRTS SUB PRIV SER A AMT           | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/32 FIXED 5         | CUSIP: 5444452M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $225240.54    | 0.25%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES ARPT-UNRE AMT                        | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/35 FIXED 5         | CUSIP: 544445S26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $154019.81    | 0.17%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPT OF AMT                          | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/35 FIXED 5         | CUSIP: 544445SQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163881.47    | 0.18%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA LOC GOVT WESTLAKE CHEM CORP                   | LOUISIANA ST LOCAL GOVT ENVRNM LASFAC 11/32 FIXED 3.5       | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    550000 | PA      | $542478.97    | 0.59%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LYNCHBURG VA ECON HOSP REV CENTRA SER A          | LYNCHBURG VA ECON DEV AUTH HOS LNCMED 01/27 FIXED 5         | CUSIP: 55123TAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $230340.65    | 0.25%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NAT GAS INC REV SER E-1              | MAIN STREET NATURAL GAS INC GA MAIUTL 12/53 ADJUSTABLE VAR  | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269221.95    | 0.29%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NAT GAS INC REV SER C                | MAIN STREET NATURAL GAS INC GA MAIUTL 12/54 ADJUSTABLE VAR  | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    800000 | PA      | $860805.92    | 0.94%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MD ST CMNTY HSG & CMTY DEV SER A                 | MARYLAND ST CMNTY DEV ADMIN DE MDSDEV 03/30 FIXED 1.75      | CUSIP: 57419TGL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $461885.54    | 0.50%             | 2030-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MD ST CMNTY DEV ADMIN HSG & CMNTY B              | MARYLAND ST CMNTY DEV ADMIN DE MDSMFH 09/34 FIXED 3         | CUSIP: 57419R7V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47830.51     | 0.05%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MD DEPT OF TRANSPRTN                             | MARYLAND ST DEPT OF TRANSPRTN MDSTRN 10/33 FIXED 2.5        | CUSIP: 574204N90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $237010.43    | 0.26%             | 2033-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MD ECON DEV TRANSPTRN PROJ SR A                  | MARYLAND ST ECON DEV CORP ECON MDSDEV 06/35 FIXED 5         | CUSIP: 57420NCC3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    220000 | PA      | $226905.23    | 0.25%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MD ST EDCSH REV SR TOWSON UNIV                   | MARYLAND ST ECON DEV CORP STUD MDSDEV 07/29 FIXED 5         | CUSIP: 57420VQM8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    185000 | PA      | $189008.08    | 0.21%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MD ECON DEV CORP STD REV BOWIE ST UNIV           | MARYLAND ST ECON DEV CORP STUD MDSDEV 07/35 FIXED 4         | CUSIP: 57420VRF2<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    250000 | PA      | $241640.13    | 0.26%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE SER A           | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/26 FIXED 5.5       | CUSIP: 574218S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40100.34     | 0.04%             | 2026-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE                 | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/27 FIXED 5         | CUSIP: 57421CBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $132338.36    | 0.14%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE                 | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/28 FIXED 5         | CUSIP: 57421CBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51681.37     | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE                 | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/30 FIXED 4         | CUSIP: 57421CBG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117571.84    | 0.13%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE                 | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/36 FIXED 5         | CUSIP: 57421CBT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $163305.15    | 0.18%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MD ST HLTH & HG PENINSULA REG HLTH SER A         | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/34 FIXED 5         | CUSIP: 5742188C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $396488.36    | 0.43%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MA ST DEV FIN AG MERRIMACK CLG SR A 144A         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/34 FIXED OID 4.25  | CUSIP: 57585BBR8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101864.72    | 0.11%             | 2034-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MA ST HSG FIN AGY SUSTAIN BND SR B-3             | MASSACHUSETTS ST HSG FIN AGY MASHSG 12/29 FIXED 3.55        | CUSIP: 57586VDW0<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101408.12    | 0.11%             | 2029-12-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SER A                           | MASSACHUSETTS ST MAS 04/42 FIXED 5                          | CUSIP: 57582TCK6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $551429.25    | 0.60%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASH & DAVID TN HLTH & EDU SR A         | MET GOVT NASHVILLE   DAVIDSONC METHGR 07/35 FIXED 5         | CUSIP: 592041WF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181910.07    | 0.20%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASH DC ARPTS SER A AMT                      | MET WASHINGTON DC ARPTS AUTH A METAPT 10/31 FIXED 5         | CUSIP: 592647CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25359.50     | 0.03%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASH DC ARPTS SER A AMT                      | MET WASHINGTON DC ARPTS AUTH A METAPT 10/31 FIXED 5         | CUSIP: 592647LC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $315160.41    | 0.34%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPT SYS REV AMT REF           | MET WASHINGTON DC ARPTS AUTH A METAPT 10/34 FIXED 5         | CUSIP: 592647EL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $226536.82    | 0.25%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASH DC ARPTS SER A AMT                      | MET WASHINGTON DC ARPTS AUTH A METAPT 10/35 FIXED 5         | CUSIP: 592647DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505712.50    | 0.55%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASH DC ARPTS SER A AMT                      | MET WASHINGTON DC ARPTS AUTH A METAPT 10/38 FIXED 5         | CUSIP: 592647MW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $424564.49    | 0.46%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DC METRO AIRPTS DUL TOL RD 1ST SR LIEN           | MET WASHINGTON DC ARPTS AUTH D METAPT 10/36 FIXED 5         | CUSIP: 592643CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $298983.13    | 0.33%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CO FL AVIATION REV REF                | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/27 FIXED 5         | CUSIP: 59333PS90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $489060.86    | 0.53%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CO FL AVIATION REV SR A AMT           | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/34 FIXED 5         | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563922.75    | 0.61%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MI ST FIN AUTH REV HENRY FORD HLT SYS            | MICHIGAN ST FIN AUTH REVENUE MISFIN 11/32 FIXED 5           | CUSIP: 59447TMH3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56119.23     | 0.06%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MI ST FIN AUTH REV HENRY FORD HLTH SYS           | MICHIGAN ST FIN AUTH REVENUE MISFIN 11/37 FIXED 5           | CUSIP: 59447TMR1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50766.51     | 0.06%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MI ST HOSP FIN AUTH COREWELL HLTH-SR B-1         | MICHIGAN ST HOSP FIN AUTH MISMED 08/55 ADJUSTABLE VAR       | CUSIP: 59465HXE1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    605000 | PA      | $665134.28    | 0.72%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MI HSG FIN AUTH                                  | MICHIGAN ST HSG DEV AUTH MF HS MISMFH 10/43 ADJUSTABLE VAR  | CUSIP: 59465FAG5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    175000 | PA      | $172242.77    | 0.19%             | 2043-10-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| MI HSG DEV AUTH-A                                | MICHIGAN ST HSG DEV AUTH RENTA MISHSG 10/31 FIXED 3.55      | CUSIP: 59465PFZ6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    275000 | PA      | $275114.29    | 0.30%             | 2031-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TRUNK LIN                            | MICHIGAN ST TRUNK LINE MISTRN 11/35 FIXED 5                 | CUSIP: 5946952S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $189619.21    | 0.21%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST-B                                   | MINNESOTA ST MNS 08/37 FIXED 5                              | CUSIP: 60412AE25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $130635.50    | 0.14%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION ECON WDR GRPHC PCK INTER PRJ AMT         | MISSION TX ECON DEV CORP SOL W MISPOL 12/64 ADJUSTABLE VAR  | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $301684.65    | 0.33%             | 2064-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CO GA POLL CNTL SCHERER SR REMK PUTBOND   | MONROE CNTY GA DEV AUTH POLL C MONPOL 10/48 ADJUSTABLE VAR  | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145336.49    | 0.16%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AU                            | MONROE CNTY GA DEV AUTH POLL C MONPOL 11/48 ADJUSTABLE VAR  | CUSIP: 610530FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151069.59    | 0.16%             | 2048-11-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| MEAG GA PROJ ONE SUB SER A                       | MUNI ELEC AUTH OF GA MELPWR 01/30 FIXED 5                   | CUSIP: 62620HJH6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    330000 | PA      | $358034.72    | 0.39%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH GA PROJ 1 SUB SER A               | MUNI ELEC AUTH OF GEORGIA MELPWR 01/36 FIXED 5              | CUSIP: 6262074Z4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    700000 | PA      | $757680.35    | 0.83%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLL AUTH RV RF-1ST TIER-SR A               | N TX TOLLWAY AUTH REVENUE NRTTRN 01/27 FIXED 5              | CUSIP: 66285WUX2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    205000 | PA      | $205691.03    | 0.22%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH CTFS SER A1                 | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 01/41 ADJUST OID VAR  | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     49748 | PA      | $49560.45     | 0.05%             | 2041-01-20      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| NJ EDA D&W AMT REP PORT RAIL TRM PR 144A         | NEW JERSEY ST ECON DEV AUTH DO NJSDEV 01/35 FIXED OID 6.375 | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103867.18    | 0.11%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDU FACS SER A                     | NEW JERSEY ST EDUCTNL FACS AUT NJSEDU 07/33 FIXED 5         | CUSIP: 6460666A3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107898.06    | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NJ ST TRNSPRTN TRST FND AUTH SER A               | NEW JERSEY ST TRANSPRTN TRUST NJSTRN 12/34 FIXED 5          | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    290000 | PA      | $307738.66    | 0.34%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY HSG DEV CORP-C-2                              | NEW YORK CITY NY HSG DEV CORP NYCHSG 05/65 ADJUSTABLE VAR   | CUSIP: 64972KLH6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101478.72    | 0.11%             | 2065-05-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NYC NY MF HSG REV SUS NGHBRHD BONDS-SR-K         | NEW YORK CITY NY HSG DEV CORP NYCHSG 11/43 FIXED 3.95       | CUSIP: 64972C8S5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    170000 | PA      | $165229.44    | 0.18%             | 2043-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NYC NY HSG DEV CORP REV SUST BND SR F2           | NEW YORK CITY NY HSG DEV CORP NYCHSG 11/64 ADJUSTABLE VAR   | CUSIP: 64972KGU3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301507.11    | 0.33%             | 2064-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| NYC HSG DEV CORP SUST DEV SER A-2                | NEW YORK CITY NY HSG DEV CORP NYCMFH 05/63 ADJUSTABLE VAR   | CUSIP: 64972E4L0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301022.19    | 0.33%             | 2063-05-01      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| NYC HSG DEV CORP SUST DEV SER I                  | NEW YORK CITY NY HSG DEV CORP NYCMFH 11/33 FIXED 2.15       | CUSIP: 64972EF61<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |     50000 | PA      | $44712.31     | 0.05%             | 2033-11-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| NYC HSG DEV CORP SUST DEV SER D                  | NEW YORK CITY NY HSG DEV CORP NYCMFH 11/63 ADJUSTABLE VAR   | CUSIP: 64972E7D5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    800000 | PA      | $815659.44    | 0.89%             | 2063-11-01      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG                             | NEW YORK CITY NY HSG DEV CORPM NYCHSG 11/33 FIXED 3.5       | CUSIP: 64972C4R1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    315000 | PA      | $315521.92    | 0.34%             | 2033-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NYC TRANSITIONAL -C-1                            | NEW YORK CITY NY TRANSITIONAL NYCGEN 02/37 FIXED 5          | CUSIP: 64971XK64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $329382.12    | 0.36%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NYC NY TRNS FIN AUTH REV SUB SER A-1             | NEW YORK CITY NY TRANSITIONAL NYCGEN 11/36 FIXED 5          | CUSIP: 64972JJT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $201003.65    | 0.22%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NYC NY TRNS FIN AUTH REV SUB SER E               | NEW YORK CITY NY TRANSITIONAL NYCGEN 11/36 FIXED 5          | CUSIP: 64972JPD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $287148.08    | 0.31%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NYC TRANSITIONAL-F-1                             | NEW YORK CITY NY TRANSITIONAL NYCGEN 11/38 FIXED 5          | CUSIP: 64972JQF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $826947.14    | 0.90%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NYC NY TRNS FIN AUTH REV SUB SER H-1             | NEW YORK CITY NY TRANSITIONAL NYCGEN 11/44 FIXED 5          | CUSIP: 64972JTC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267875.50    | 0.29%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NYC NY TRNS FIN AUTH REV SUB SER H-1             | NEW YORK CITY NY TRANSITIONAL NYCGEN 11/45 FIXED 5.25       | CUSIP: 64972JTD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54286.75     | 0.06%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY FISCAL 2020 SER B1                   | NEW YORK NY NYC 10/31 FIXED 5                               | CUSIP: 64966QFD7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    585000 | PA      | $635730.15    | 0.69%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY ST DORM REV ORNG REGNL MED CEN 144A           | NEW YORK ST DORM AUTH REVENUES NYSHGR 12/37 FIXED 5         | CUSIP: 64990CQC8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96921.04     | 0.11%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY ST DORM PER INC TAX REV GRP 2 SER A           | NEW YORK ST DORM AUTH ST PERSO NYSGEN 03/43 FIXED 5         | CUSIP: 64990KGQ0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $540426.20    | 0.59%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY ST DORM PER INC TAX REV SER A                 | NEW YORK ST DORM AUTH ST PERSO NYSHGR 03/36 FIXED 5         | CUSIP: 64990FZR8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1176025.38   | 1.28%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY ST HSG FIN AGY D-2                            | NEW YORK ST HSG FIN AGY AFFORD NYSHSG 05/65 ADJUSTABLE VAR  | CUSIP: 64987J6Z9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124515.83    | 0.14%             | 2065-05-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| NY ST HSG FIN AGY HSG 62ND ST SER A-1            | NEW YORK ST HSG FIN AGY AFFORD NYSHSG 11/44 ADJUSTABLE VAR  | CUSIP: 64987JZ20<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101851.29    | 0.11%             | 2044-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| NY ST MTGE AGY HOMEOWNER REV AMT SR 262          | NEW YORK ST MTGE AGY HOMEOWNER NYSHSG 04/26 FIXED 3.75      | CUSIP: 64988YZK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200163.58    | 0.22%             | 2026-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NY ST MTGE AGY HOMEOWNER REV AMT SR 232          | NEW YORK ST MTGE AGY HOMEOWNER NYSHSG 04/31 FIXED 2.1       | CUSIP: 64988YJU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $555098.35    | 0.60%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| NY ST TRANS DEV FAC JFK INTL ARPT AMT            | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/38 FIXED 5.25      | CUSIP: 650116HC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129626.24    | 0.14%             | 2038-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NY TRANSPRTN DEV CORP AMT                        | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/42 FIXED 6         | CUSIP: 650116JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110901.39    | 0.12%             | 2042-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEWPORT NEWS VA DEV RSDL FACS LIFESPIRE          | NEWPORT NEWS VA ECON DEV AUTH NEWDEV 12/29 FIXED OID 3.5    | CUSIP: 65225PAN6<br>LEI: 549300WZQTRG07G0UZ88 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49902.12     | 0.05%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NC ST MED CARE COM HLTH CARE COMM SER C          | NORTH CAROLINA ST MED CARE COM NCSMED 03/31 FIXED 4         | CUSIP: 65821DYR6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251158.88    | 0.27%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NC MED CARE COMM-A                               | NORTH CAROLINA ST MED CARE COM NCSMED 07/26 FIXED OID 3.5   | CUSIP: 65820YNC6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97289.64     | 0.11%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NC MED CARE COMM RETMT PEN VIL SER A             | NORTH CAROLINA ST MED CARE COM NCSMED 09/34 FIXED 5         | CUSIP: 65820YTM8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158423.06    | 0.17%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NC ST MED CARE SALEMTOWNE PROJ                   | NORTH CAROLINA ST MED CARE COM NCSMED 10/37 FIXED OID 5.25  | CUSIP: 65820YLH7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    335000 | PA      | $334977.82    | 0.36%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NC ST MED CARE SALEMTOWNE PROJ SER 2001          | NORTH CAROLINA ST MED CARE COM NCSMED 10/45 FIXED OID 5.375 | CUSIP: 65820YLG9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |     35000 | PA      | $32695.60     | 0.04%             | 2045-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NC ST MUNI PWR AGY #1 CATAWBA SR A               | NORTH CAROLINA ST MUNI PWR AGY NCMPWR 01/28 FIXED 5         | CUSIP: 658203X33<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    430000 | PA      | $431387.91    | 0.47%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N E REGL AUTH-A-REF                              | NORTH EAST TX REGL MOBILITY AU NET 01/39 FIXED 5            | CUSIP: 659231BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110284.96    | 0.12%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORWOOD OH SPL REV ROOKWOOD EXCH PRJ             | NORWOOD OH SPL OBLIG REVENUE NORGEN 12/30 FIXED OID 4.375   | CUSIP: 669681AA6<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141135.33    | 0.15%             | 2030-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OK ST TURNPIKE AUTH SER A                        | OKLAHOMA ST TURNPIKE AUTH OKSTRN 01/40 FIXED 5              | CUSIP: 679111D84<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    340000 | PA      | $378708.01    | 0.41%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OK ST TURNPIKE AUTH SER A                        | OKLAHOMA ST TURNPIKE AUTH OKSTRN 01/43 FIXED 5              | CUSIP: 679111E34<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545426.10    | 0.59%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PA ST UNIV-A-REF                                 | PENNSYLVANIA ST UNIV PSUHGR 09/39 FIXED 5                   | CUSIP: 7092353Y9<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    250000 | PA      | $283754.83    | 0.31%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILA PA ARPT REF B AMT                          | PHILADELPHIA PA ARPT REVENUE PHIAPT 07/35 FIXED 5           | CUSIP: 717817UH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $189194.52    | 0.21%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX CIVIC IMPT AMT                           | PHOENIX AZ CIVIC IMPT CORP ARP PHOAPT 07/31 FIXED 5         | CUSIP: 71883MNL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525022.85    | 0.57%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT AMT                        | PHOENIX AZ CIVIC IMPT CORP ARP PHOAPT 07/33 FIXED 5         | CUSIP: 71883MKZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $457626.07    | 0.50%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHX AZ CIVIC IMPT ARPT REV AMT SR LIEN           | PHOENIX AZ CIVIC IMPT CORP ARP PHOAPT 07/33 FIXED 5         | CUSIP: 71883MNN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $339548.72    | 0.37%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHX AZ STDNT HSG REV AZ ST UNIV PRJ SR A         | PHOENIX AZ INDL DEV AUTH STUDE PHODEV 07/27 FIXED 5         | CUSIP: 71885DCS9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    265000 | PA      | $270313.52    | 0.29%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHX AZ STDNT HSG REV AZ ST UNIV PRJ SR A         | PHOENIX AZ INDL DEV AUTH STUDE PHODEV 07/31 FIXED 5         | CUSIP: 71885DCW0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30916.21     | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHX AZ STDNT HSG REV AZ ST UNIV PRJ SR A         | PHOENIX AZ INDL DEV AUTH STUDE PHODEV 07/33 FIXED 5         | CUSIP: 71885DCY6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102716.08    | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK AMT                        | PORT AUTH OF NEW YORK   NEW JE PORTRN 09/30 FIXED 5         | CUSIP: 73358W2Z6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    180000 | PA      | $192744.52    | 0.21%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NY & NJ SER 226 AMT                 | PORT AUTH OF NEW YORK   NEW JE PORTRN 10/38 FIXED 5         | CUSIP: 73358XCJ9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    355000 | PA      | $377285.37    | 0.41%             | 2038-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX JEFF GULF COAST EN 144A AMT     | PORT BEAUMONT TX NAV DIST DOCK PTBTRN 01/44 FIXED 5.125     | CUSIP: 73360CAQ7<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98092.12     | 0.11%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REV INTER SER A AMT           | PORT OF SEATTLE WA REVENUE PTSGEN 05/33 FIXED 5             | CUSIP: 735389D47<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    285000 | PA      | $291456.85    | 0.32%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA ST INTER LIEN SER B AMT          | PORT OF SEATTLE WA REVENUE PTSGEN 07/36 FIXED 5             | CUSIP: 7353892H0<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    200000 | PA      | $223820.32    | 0.24%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE-B-REF AMT                        | PORT OF SEATTLE WA REVENUE PTSGEN 10/30 FIXED 5             | CUSIP: 735389XJ2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95497.23     | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE WILLIAM CO VA WESTMNSTER LK RDGE          | PRINCE WILLIAM CNTY VA INDL DE PRIDEV 01/26 FIXED 5         | CUSIP: 741756BZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75041.03     | 0.08%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE WILLIAM CO VA WESTMNSTER LK RDGE          | PRINCE WILLIAM CNTY VA INDL DE PRIDEV 01/31 FIXED 5         | CUSIP: 741756CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151076.21    | 0.16%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH-A 144A                              | PUBLIC FIN AUTH WI CHRT SCH RE PUBEDU 06/35 FIXED 6         | CUSIP: 744396KP6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103176.19    | 0.11%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH-REF                                 | PUBLIC FIN AUTH WI REVENUE PUBGEN 11/38 FIXED 5             | CUSIP: 74442PJ97<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     75000 | PA      | $80278.14     | 0.09%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLC FIN AUTH WI MARYS WOODS SER A 144A         | PUBLIC FIN AUTH WI SENIOR LIVI PUBFIN 05/30 FIXED 5         | CUSIP: 74443UAW3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101160.98    | 0.11%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH BIXBY REAL ESTATE PROJ SR A         | PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 06/39 FIXED 5         | CUSIP: 74439YFR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107561.46    | 0.12%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/29 FIXED 5.625                    | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    310000 | PA      | $331058.64    | 0.36%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/31 FIXED 5.75                     | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    723000 | PA      | $801673.10    | 0.87%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/35 FIXED 4                        | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    250000 | PA      | $245572.50    | 0.27%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUB IMPT CVI-SUBSER CW NT             | PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    506636 | PA      | $323613.61    | 0.35%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1           | PUERTO RICO SALES TAX FING COR PRCGEN 07/29 ZEROCPNOID 0    | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    297000 | PA      | $262558.90    | 0.29%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1           | PUERTO RICO SALES TAX FING COR PRCGEN 07/31 ZEROCPNOID 0    | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     72000 | PA      | $58881.02     | 0.06%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1           | PUERTO RICO SALES TAX FING COR PRCGEN 07/33 ZEROCPNOID 0    | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     44000 | PA      | $33315.85     | 0.04%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX RESTRUCT SER A-2           | PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329     | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    809000 | PA      | $784321.21    | 0.85%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX RESTRUCT SER A-2A          | PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.55      | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    320000 | PA      | $317373.98    | 0.35%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| RENO NV SPL ASSMNT DIST NO#1 144A                | RENO NV SPL ASSMNT RENGEN 06/28 FIXED 5                     | CUSIP: 759865BU1<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102636.78    | 0.11%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKVILLE MD INGLSDE AT KING SER A2              | ROCKVILLE MD MAYOR   COUNCIL E ROCDEV 11/27 FIXED OID 3.375 | CUSIP: 774223BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49062.50     | 0.05%             | 2027-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROCKVILLE MD INGLSDE AT KING SER A1              | ROCKVILLE MD MAYOR   COUNCIL E ROCDEV 11/30 FIXED 5         | CUSIP: 774223AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91282.93     | 0.10%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKVILLE MD INGLSDE AT KING SER A2              | ROCKVILLE MD MAYOR   COUNCIL E ROCDEV 11/32 FIXED 5         | CUSIP: 774223BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25316.78     | 0.03%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST REV SER B           | S E ALABAMA ST GAS SPLY DIST G SOUUTL 06/49 ADJUSTABLE VAR  | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    955000 | PA      | $1034379.60   | 1.13%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA AR AMT                        | SACRAMENTO CNTY CA ARPT SYS RE SACAPT 07/30 FIXED 5         | CUSIP: 786107RP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $315089.13    | 0.34%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHN THE BAPTIST OIL MARATHON A-1 PUT         | SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR   | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25182.48     | 0.03%             | 2037-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN THE BAPTIST OIL MARATHON SER C           | SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR   | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177128.65    | 0.19%             | 2037-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| ST JOHN THE BAPTIST OIL MARATHON SUB B-2 PUT     | SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR   | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74731.77     | 0.08%             | 2037-06-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| ST JOHN THE BAPTIST OIL MARATHON SER A-3 PUTBOND | SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR   | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $209010.33    | 0.23%             | 2037-06-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY ARPT-A AMT                        | SALT LAKE CITY UT ARPT REVENUE SALAPT 07/34 FIXED 5         | CUSIP: 795576HE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260950.00    | 0.28%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV AMT SER A             | SALT LAKE CITY UT ARPT REVENUE SALAPT 07/36 FIXED 5         | CUSIP: 795576HG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $362789.60    | 0.40%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV AMT SER A             | SALT LAKE CITY UT ARPT REVENUE SALAPT 07/39 FIXED 5.25      | CUSIP: 795576LW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $464617.95    | 0.51%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ AGRIC IMPT & PWR SER A             | SALT RIVER AZ PROJ AGRIC IMPT SALAGR 01/37 FIXED 5          | CUSIP: 79574CCW1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520217.10    | 0.57%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FNL CORP SNR GAS REV               | SALT VERDE AZ FINANCIAL CORP S SLTPWR 12/37 FIXED OID 5     | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218845.06    | 0.24%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO APRT-A AMT                         | SAN FRANCISCO CALIF CITY  CNTY SFOAPT 05/34 FIXED 5         | CUSIP: 79766DLU1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    245000 | PA      | $259880.49    | 0.28%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL HLTH VLG ISLE PRJ SER A         | SARASOTA CNTY FL HLTH FACS AUT SARMED 01/37 FIXED 5         | CUSIP: 80329UAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200979.98    | 0.22%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL HLTH VLG ISLE PRJ SER A         | SARASOTA CNTY FL HLTH FACS AUT SARMED 01/42 FIXED 5         | CUSIP: 80329UBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29975.99     | 0.03%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SC ST HSG FIN & DEV AUTH MTGE SER B              | SOUTH CAROLINA ST HSG FIN   DE SCSHSG 07/29 FIXED 5         | CUSIP: 83712D3H7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53732.04     | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SC ST JOBS EDA HSP REV PRISMA HLTH SER A         | SOUTH CAROLINA ST JOBS ECON DE SCSMED 05/32 FIXED 5         | CUSIP: 83703FLE0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    155000 | PA      | $162542.21    | 0.18%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SC JOBS EDA BON SECOURS MER HLTH SER A           | SOUTH CAROLINA ST JOBS ECON DE SCSMED 11/42 FIXED 5.25      | CUSIP: 83703EMW2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55202.90     | 0.06%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SC ST PUB SVC REV SANTEE COOPER SR E             | SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/39 FIXED 5.5       | CUSIP: 837151T41<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    450000 | PA      | $501952.14    | 0.55%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SC ST PUB SVC REV SANTEE COOPER SR B             | SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/40 FIXED 5         | CUSIP: 8371514Q9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    220000 | PA      | $242574.68    | 0.26%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SC ST PUB SVC AUTH REV SER A                     | SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/45 FIXED 5         | CUSIP: 8371515Q8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    320000 | PA      | $335334.46    | 0.37%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SD HLTH & EDUCTNL-C-2                            | SOUTH DAKOTA ST HLTH   EDUCTNL SDSMED 11/51 ADJUSTABLE VAR  | CUSIP: 83755VW83<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219979.66    | 0.24%             | 2051-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH VAR PROJ NO.3              | SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 01/53 ADJUSTABLE VAR  | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108375.77    | 0.12%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH SER B-1                    | SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 05/53 ADJUSTABLE VAR  | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    705000 | PA      | $733924.39    | 0.80%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH SER A                      | SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 11/51 ADJUSTABLE VAR  | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    340000 | PA      | $347760.74    | 0.38%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH SER B-1                    | SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 12/51 ADJUSTABLE VAR  | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    400000 | PA      | $411692.52    | 0.45%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHOLD LOC DEV                                 | SOUTHOLD NY LOCAL DEV CORP REV STHDEV 12/30 FIXED OID 3.5   | CUSIP: 844584AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14684.66     | 0.02%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SPARKS-REV                                       | SPARKS NV TOURISM IMPT DIST  1 SPAGEN 06/28 FIXED 3.875     | CUSIP: 846562AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99926.19     | 0.11%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULT BAYLOR HLTH SR E PUT        | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/52 ADJUSTABLE VAR  | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    315000 | PA      | $317143.45    | 0.35%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TN ENERGY ACQ CORP-A                             | TENNESSEE ST ENERGY ACQUISITIO TNSUTL 12/35 FIXED 5         | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088373.80   | 1.19%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TX ST GAS ACQ & SPLY CORP V GAS SPLY REV         | TEXAS ST MUNI GAS ACQUISITION TXSUTL 01/55 ADJUSTABLE VAR   | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |    295000 | PA      | $324696.15    | 0.35%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TX ST BND SURFACE TRANSPRTN CORP REV AMT         | TEXAS ST PRIV ACTIVITY BOND SU TXSTRN 06/42 FIXED 5.5       | CUSIP: 882667CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $166969.95    | 0.18%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TX ST PRIV ACT NTE MANAGE LANE PROJ SR A         | TEXAS ST PRIV ACTIVITY BOND SU TXSTRN 12/36 FIXED 5         | CUSIP: 882667AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79087.03     | 0.09%             | 2036-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TX ST TRANS COMM TRNPKE RV 1ST TIER SR A         | TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/37 FIXED 5          | CUSIP: 88283KBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $419906.18    | 0.46%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TX ST TRANS COMM TRNPKE REV SR A                 | TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/38 FIXED 5          | CUSIP: 88283KBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555555.60    | 0.61%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH BRD HGR EDU -B                              | UNIV OF UTAH UT REVENUES UNIHGR 08/34 FIXED 5               | CUSIP: 915183Z42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $391333.40    | 0.43%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA ST CBA 21ST CENTURY COLL & EQUIP SR A         | VIRGINIA ST CLG BLDG AUTH EDUC VACHGR 02/41 FIXED 5         | CUSIP: 92778VMZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273089.18    | 0.30%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA ST HSG DEV AUTH SER B                         | VIRGINIA ST HSG DEV AUTH VASHSG 03/37 FIXED 2.8             | CUSIP: 92812WDK7<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    510000 | PA      | $453766.28    | 0.49%             | 2037-03-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV-B                               | VIRGINIA ST HSG DEV AUTH VASHSG 06/31 FIXED 3.8             | CUSIP: 92812WWZ3<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    135000 | PA      | $138268.19    | 0.15%             | 2031-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| VA SMALL BFA NATIONAL SNR CAMPUSES               | VIRGINIA ST SMALL BUSINESS FIN VASDEV 01/32 FIXED 5         | CUSIP: 928104MS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $168567.97    | 0.18%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT          | VIRGINIA ST SMALL BUSINESS FIN VASDEV 01/32 FIXED 5         | CUSIP: 928104PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $352883.05    | 0.38%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA SMALL BUS FIN-A                               | VIRGINIA ST SMALL BUSINESS FIN VASDEV 01/35 FIXED 5         | CUSIP: 928104MV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $183704.01    | 0.20%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA ST SMALL BUS AUTH ELIZABETH RVR AMT           | VIRGINIA ST SMALL BUSINESS FIN VASDEV 07/32 FIXED 4         | CUSIP: 928104NM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $240329.02    | 0.26%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT          | VIRGINIA ST SMALL BUSINESS FIN VASDEV 07/32 FIXED 5         | CUSIP: 928104PB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $412076.52    | 0.45%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT          | VIRGINIA ST SMALL BUSINESS FIN VASDEV 07/39 FIXED 4         | CUSIP: 928104PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $756184.16    | 0.82%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WALLER ISD                                       | WALLER TX INDEP SCH DIST WLRSCD 02/41 FIXED 5               | CUSIP: 932493MP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137274.55    | 0.15%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CO-REF                                    | WARREN CNTY MS GULF OPPORTUNIT WARIMP 09/32 FIXED 4         | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25715.39     | 0.03%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON SUBURBAN                              | WASHINGTON MD SUBURBAN SAN DIS WASUTL 12/39 FIXED 2         | CUSIP: 9401575T3<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $764327.00    | 0.83%             | 2039-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WA HSG BLAKELEY & LAUREL BAM SR A 144A           | WASHINGTON ST HSG FIN COMMISSI WASHSG 07/45 FIXED OID 5     | CUSIP: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101815.81    | 0.11%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST REF SER R 2025A                    | WASHINGTON ST WAS 07/38 FIXED 5                             | CUSIP: 93974E4Y9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1138045.50   | 1.24%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST BID GRP 1 SER 2024A                | WASHINGTON ST WAS 08/39 FIXED 5                             | CUSIP: 93974EH33<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    255000 | PA      | $283348.35    | 0.31%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WV ST COMMERCIAL METALS CO PROJ AMT              | WEST VIRGINIA ST ECON DEV AUTH WVSDEV 04/55 ADJUSTABLE VAR  | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253991.00    | 0.28%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP SER B                      | WEST VIRGINIA ST HOSP FIN AUTH WVSMED 06/55 ADJUSTABLE VAR  | CUSIP: 956622Z23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109578.77    | 0.12%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WI ST HSG & ECON DEV HOME REV BND SR A           | WISCONSIN ST HSG   ECON DEV AU WISGEN 09/26 FIXED 3.25      | CUSIP: 97689QSU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240302.14    | 0.26%             | 2026-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST-B                                   | WISCONSIN ST WIS 05/36 FIXED 5                              | CUSIP: 97705MU78<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1751100.30   | 1.91%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST REF SER 2025-2                      | WISCONSIN ST WIS 05/38 FIXED 5                              | CUSIP: 97705MM85<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    500000 | PA      | $576728.40    | 0.63%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-04

**Name of Applicant:** T. Rowe Price Exchange-Traded Funds, Inc.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President