# EDGAR Filing Document

**Accession Number:** 0001493683
**File Stem:** 0001752724-23-040646
**Filing Date:** 2023-2
**Character Count:** 102631
**Document Hash:** 610076e8f0a34065527a0cac07981c97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040646.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040646

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Taxable Municipal Bond Trust
- **CENTRAL INDEX KEY:** 0001493683
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22426
- **FILM NUMBER:** 23668322

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Build America Bond Trust
- **DATE OF NAME CHANGE:** 20100608

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Taxable Municipal Bond Trust

- **b. Investment Company Act file number:** 811-22426

- **c. CIK number of Registrant:** 0001493683

- **d. LEI of Registrant:** SNYX4R2CEK5Q5D25DZ39

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

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

- **a. Name of Series:** BlackRock Taxable Municipal Bond Trust

- **c. LEI of Series:** SNYX4R2CEK5Q5D25DZ39

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1635044306.84

**Total Liabilities:** $565930237.95

**Net Assets:** $1069114068.89

**Cash Not Reported:** $2677677.38

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -615.17000000 | **1-Year:** 0.00000000 | **5-Year:** 99514.00000000 | **10-Year:** 663722.75000000 | **30-Year:** 670995.51000000

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

- **3-Month:** 0.00000000 | **1-Year:** 3075.05000000 | **5-Year:** 23060.93000000 | **10-Year:** 43099.62000000 | **30-Year:** 25987.56000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -2.96%               | 6.91%                | -0.72%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8064125.86             | $-38653457.74                              |
| Month 2  | $-14380444.41            | $92907511.68                               |
| Month 3  | $-764425.75              | $-18043951.09                              |

**Designated Index Information**

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

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

### Schedule of Portfolio Investments

| Name                                                                          | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Florida Development Finance Corp                                              | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UGY8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    735000 | PA      | $723605.30    | 0.07%             | 2025-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                       | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806F47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1300150.96   | 0.12%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP METROPOLITA                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -13509900 | PA      | $-13509900.00 | -1.26%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP NEW YORK N                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -17408750 | PA      | $-17408750.00 | -1.63%            |  |  |  | No            |                  2 | On Loan: No      |
| Orange County Local Transportation Authority Sales Tax Revenue                | ORANGE CNTY CA LOCAL TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 684273HC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5672755.00   | 0.53%             | 2041-02-15      | Fixed         | 6.91%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                      | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $2368287.98   | 0.22%             | 2042-06-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| Charleston Educational Excellence Finance Corp                                | CHARLESTON SC EDUCTNL EXCELLENCE FIN CORP REVENUE            | CUSIP: 160131EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8065740.00   | 0.75%             | 2029-12-01      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP SUMTER LAND                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -1841125 | PA      | $-1841125.00  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| RENSSELAER POLYTECHNIC I                                                      | Rensselaer Polytechnic Institute                             | CUSIP: 76009XAB4<br>LEI: 549300THCXCGLZPZEL90 | Long             | DBT              | CORP              | US        |  18190000 | PA      | $16671157.19  | 1.56%             | 2048-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                 | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RRE1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   9270000 | PA      | $7816000.50   | 0.73%             | 2036-07-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP CURATORS UN                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -6790000 | PA      | $-6790000.00  | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| MASSACHUSETTS HIGHER EDU                                                      | Massachusetts Higher Education Assistance Corp               | CUSIP: 575674AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4125841.90   | 0.39%             | 2031-07-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP BAY AREA TO                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -15575000 | PA      | $-15575000.00 | -1.46%            |  |  |  | No            |                  2 | On Loan: No      |
| County of Riverside CA                                                        | RIVERSIDE CNTY CA PENSN OBLG                                 | CUSIP: 76913CBF5<br>LEI: 254900CB5HEOBAVTY629 | Long             | DBT              | MUN               | US        |   6450000 | PA      | $5609629.50   | 0.52%             | 2038-02-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259YBY4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2342108.88   | 0.22%             | 2039-11-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP REGIONAL TR                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -10487500 | PA      | $-10487500.00 | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                        | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084B7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6348785.40   | 0.59%             | 2052-02-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP FRANKLIN CN                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -27755000 | PA      | $-27755000.00 | -2.60%            |  |  |  | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                        | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084E1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3695000 | PA      | $3380778.31   | 0.32%             | 2052-05-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                              | REGL TRANSPRTN DIST CO COPS                                  | CUSIP: 75913TGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $27032222.00  | 2.53%             | 2040-06-01      | Fixed         | 7.67%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP MET GOVT NA                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -25920000 | PA      | $-25920000.00 | -2.42%            |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue           | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE        | CUSIP: 592643BN9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  10750000 | PA      | $13740682.25  | 1.29%             | 2047-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                            | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 6499022F9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15145755.00  | 1.42%             | 2040-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST FAC REVENUE                        | CUSIP: 73360DAA0<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1022140.53   | 0.10%             | 2025-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                          | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FRZ9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   9485000 | PA      | $7685145.37   | 0.72%             | 2040-12-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP DALLAS TX A                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -2178125 | PA      | $-2178125.00  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                 | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RSU4<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |  17295000 | PA      | $16071067.44  | 1.50%             | 2038-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                        | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4439305.00   | 0.42%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| University of California                                                      | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GDZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24000000 | PA      | $25683384.00  | 2.40%             | 2045-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP WESLEYAN UN                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -8621250 | PA      | $-8621250.00  | -0.81%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                        | US LONG BOND(CBT) MAR23                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |     -1431 | NC      | $2843034.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Michigan Finance Authority                                                    | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TSQ7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6734895.00   | 0.63%             | 2043-11-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                           | NEW YORK NY                                                  | CUSIP: 64966QRT9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   7285000 | PA      | $5369671.51   | 0.50%             | 2034-08-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue       | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971M5L2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  19000000 | PA      | $19314127.00  | 1.81%             | 2038-11-01      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                      | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NZX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7950000 | PA      | $6176490.15   | 0.58%             | 2038-06-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP NJ ST TPK A                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -7248325 | PA      | $-7248325.00  | -0.68%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP SOUTH CAROL                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -4537500 | PA      | $-4537500.00  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| OCHSNER CLINIC FOUNDATIO                                                      | Ochsner Clinic Foundation                                    | CUSIP: 675553AA9<br>LEI: 549300SN4RK0THHUAC05 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5050144.85   | 0.47%             | 2045-05-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP MICHIGAN ST                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -4931250 | PA      | $-4931250.00  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                        | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3069362.84   | 0.29%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505KH8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    370000 | PA      | $315618.51    | 0.03%             | 2039-12-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                 | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST             | CUSIP: 93976AAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20170000 | PA      | $21159136.80  | 1.98%             | 2040-07-01      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| University of California                                                      | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GEA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27010000 | PA      | $28202707.58  | 2.64%             | 2050-05-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366S5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  29355000 | PA      | $23610255.86  | 2.21%             | 2042-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                  | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UCY8<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10767730.00  | 1.01%             | 2044-02-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Educational Facilities Authority                            | MIAMI-DADE CNTY FL EDUCTNL FACS AUTH REVENUE                 | CUSIP: 59333AMC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12250000 | PA      | $11416301.75  | 1.07%             | 2050-04-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA                                                          | RIVERSIDE CA PENSN OBLG                                      | CUSIP: 769036BT0<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |   8265000 | PA      | $6603197.78   | 0.62%             | 2045-06-01      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                          | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                  | CUSIP: 88880LAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $20548770.00  | 1.92%             | 2049-06-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505NG7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   9465000 | PA      | $9085718.52   | 0.85%             | 2029-11-01      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| PEACEHEALTH OBLIGATED GR                                                      | PeaceHealth Obligated Group                                  | CUSIP: 70462GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5065000 | PA      | $4380346.98   | 0.41%             | 2048-11-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                     | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CNZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11664820.00  | 1.09%             | 2042-08-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207YM0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |  24090000 | PA      | $25614776.55  | 2.40%             | 2057-04-01      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP CHICAGO ILL                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -4925819 | PA      | $-4925818.75  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| County of Sonoma CA                                                           | SONOMA CNTY CA PENSN OBLG                                    | CUSIP: 835574CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11610000 | PA      | $11922901.11  | 1.12%             | 2029-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRIDGE HOUSING CORP                                                           | Bridge Housing Corp                                          | CUSIP: 10806CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9020000 | PA      | $7798822.25   | 0.73%             | 2030-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                       | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $18672825.00  | 1.75%             | 2049-12-31      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                           | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 130685WB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18145000 | PA      | $22390294.93  | 2.09%             | 2034-10-01      | Fixed         | 8.36%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                          | TOBACCO SETTLEMENT FING CORP VA                              | CUSIP: 88880NAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30285000 | PA      | $27532638.63  | 2.58%             | 2046-06-01      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                      | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDU8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    400000 | PA      | $392854.00    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP CALIFORNIA                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -13145000 | PA      | $-13145000.00 | -1.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                       | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418066W5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489361.50    | 0.05%             | 2030-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California State University                                                   | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DQU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3505905.00   | 0.33%             | 2041-11-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                        | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14899000 | PA      | $12147095.10  | 1.14%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505NH5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   9745000 | PA      | $8578679.42   | 0.80%             | 2040-12-01      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                        | US 10YR NOTE (CBT)MAR23                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -897 | NC      | $683660.53    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Curators of the University of Missouri/The                                    | CURATORS OF THE UNIV OF MISSOURI MO SYS FACS REVENUE         | CUSIP: 231266GC5<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7488572.00   | 0.70%             | 2041-11-01      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                 | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139W35<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   6790000 | PA      | $8397342.38   | 0.79%             | 2040-01-01      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                    | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479HR1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964862.00    | 0.09%             | 2033-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| East Point Business & Industrial Development Authority                        | EAST PT GA BUSINESS & INDL DEV AUTHORITY REVENUE             | CUSIP: 274502AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $843672.04    | 0.08%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP UTAH TRAN A                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -20475000 | PA      | $-20475000.00 | -1.92%            |  |  |  | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                       | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WCX0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2891347.25   | 0.27%             | 2040-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                          | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAH0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10390000 | PA      | $7626301.56   | 0.71%             | 2035-05-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                          | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE    | CUSIP: 606092EF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $12923306.00  | 1.21%             | 2039-01-01      | Fixed         | 7.73%                 | No            |                  2 | On Loan: No      |
| BAPTIST HEALTH OBL GRP                                                        | Baptist Health Obligated Group                               | CUSIP: 06684NAL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6300000 | PA      | $4817649.00   | 0.45%             | 2049-12-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| State of California                                                           | CALIFORNIA ST                                                | CUSIP: 13063BJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $19211085.00  | 1.80%             | 2040-11-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                      | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122ND66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25775000 | PA      | $19217608.03  | 1.80%             | 2050-06-01      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                       | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1314694.40   | 0.12%             | 2032-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                 | SUMTER LANDING FL CDD RECREATIONAL REVENUE                   | CUSIP: 86657MBK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2134873.28   | 0.20%             | 2047-10-01      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505KG0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |  12935000 | PA      | $12419591.99  | 1.16%             | 2029-12-01      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                    | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE          | CUSIP: 39081HCQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $5161754.40   | 0.48%             | 2032-07-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP CALIFORNIA                                               | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -5391250 | PA      | $-5391250.00  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP SALT RIVER                                               | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -21906412 | PA      | $-21906412.50 | -2.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales & Transfer Tax Receipts Revenue               | CHICAGO IL TRANSIT AUTH SALES & TRANSFER TAX RECPTS REVENUE  | CUSIP: 167725AF7<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   4765000 | PA      | $5270371.14   | 0.49%             | 2040-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI HLTHCARE FACS REVENUE                     | CUSIP: 74444KAM6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3580000 | PA      | $3266699.88   | 0.31%             | 2024-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                     | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712UF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14575000 | PA      | $12822953.83  | 1.20%             | 2048-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alameda County Joint Powers Authority                                         | ALAMEDA CNTY CA JT PWRS AUTH LEASE REVENUE                   | CUSIP: 010831BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $13081288.00  | 1.22%             | 2044-12-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                    | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8080190.00   | 0.76%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Franklin County Convention Facilities Authority                               | FRANKLIN CNTY OH CONVENTION FACS AUTH                        | CUSIP: 353174FX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30575000 | PA      | $31371784.50  | 2.93%             | 2042-12-01      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP METROPOLITA                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -11277500 | PA      | $-11277500.00 | -1.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP FED LEASE REVENUE                  | CUSIP: 57422LAA1<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |  10445000 | PA      | $8255686.22   | 0.77%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PRP2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1199284.52   | 0.11%             | 2031-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                        | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12447000 | PA      | $10848668.28  | 1.01%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                   | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DEM0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5055000 | PA      | $4930783.49   | 0.46%             | 2027-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP REGIONAL TR                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -13633750 | PA      | $-13633750.00 | -1.28%            |  |  |  | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Industrial Development Board                            | MEMPHIS-SHELBY CNTY TN INDL DEV BRD ECON DEV GROWTH ENGINE T | CUSIP: 58611YAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5875000 | PA      | $4577723.63   | 0.43%             | 2045-07-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Wesleyan University                                                           | Wesleyan University                                          | CUSIP: 95101VAA7<br>LEI: MR0KVN5WYB7MX4TE2T37 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $8570110.67   | 0.80%             | 2116-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Southern Minnesota Municipal Power Agency                                     | STHRN MINNESOTA ST MUNI PWR AGY PWR SPLY SYS REVENUE         | CUSIP: 843375ZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8304856.00   | 0.78%             | 2043-01-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                              | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UHU5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    285000 | PA      | $277027.13    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                        | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972ERA9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $898809.34    | 0.08%             | 2045-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207YS7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   9645000 | PA      | $9596562.81   | 0.90%             | 2057-04-01      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                      | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CEJ4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    445000 | PA      | $426653.99    | 0.04%             | 2026-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP HUNTINGTON                                               | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -3877500 | PA      | $-3877500.00  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                     | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869JJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1276105.00   | 0.12%             | 2042-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                           | IDAHO ST HSG & FIN ASSN NONPROFIT FACS REVENUE               | CUSIP: 45129GGD1<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    235000 | PA      | $215744.81    | 0.02%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Village Center Community Development District                                 | VLG CENTER FL CDD RECREATIONAL REVENUE                       | CUSIP: 92706NDD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $12730540.50  | 1.19%             | 2036-11-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742186P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957710.00    | 0.09%             | 2027-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                        | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812VD60<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3194464.00   | 0.30%             | 2040-06-01      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Industrial Development Authority                             | PORT BEAUMONT TX INDL DEV AUTH                               | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $8553174.00   | 0.80%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396HG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    180000 | PA      | $174826.44    | 0.02%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP CHICAGO ILL                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -12992169 | PA      | $-12992168.75 | -1.22%            |  |  |  | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                       | Grand Canyon University                                      | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9377000 | PA      | $8821787.83   | 0.83%             | 2028-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| RAYBURN CTRY SEC LLC                                                          | Rayburn Country Securitization LLC                           | CUSIP: 75458JAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $7207406.60   | 0.67%             | 2049-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                  | SALT RIVER AZ PROJ AGRIC IMPT & PWR DIST ELEC                | CUSIP: 79575DE63<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |  24545000 | PA      | $23939818.48  | 2.24%             | 2041-01-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP SONOMA CNTY                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -10869862 | PA      | $-10869862.50 | -1.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP INLAND EMPI                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -6448050 | PA      | $-6448050.00  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                            | OKLAHOMA ST MUNI PWR AUTH                                    | CUSIP: 67910HMT4<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3866355.50   | 0.36%             | 2045-01-01      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| City of Huntington Beach CA                                                   | HUNTINGTON BEACH CA PENSN OBLIG                              | CUSIP: 446201AP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1549718.00   | 0.14%             | 2035-06-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136XS5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4529830.50   | 0.42%             | 2028-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                          | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                  | CUSIP: 88880LAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12175000 | PA      | $10210137.63  | 0.96%             | 2049-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP MET GOVT NA                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -6480000 | PA      | $-6480000.00  | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                             | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PAQ9<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |  16015000 | PA      | $16875053.55  | 1.58%             | 2040-12-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                               | HAWAII ST                                                    | CUSIP: 419792K70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5304250.00   | 0.50%             | 2036-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG76<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4370000 | PA      | $3895431.11   | 0.36%             | 2049-11-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                     | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TAD8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5184520.00   | 0.48%             | 2040-06-01      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                        | UTAH ST TRANSIT AUTH SALES TAX REVENUE                       | CUSIP: 917565LK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26405000 | PA      | $27311246.01  | 2.55%             | 2040-06-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EGE4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    735000 | PA      | $719587.79    | 0.07%             | 2025-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP UTAH TRAN A                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -5860575 | PA      | $-5860575.00  | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                            | ILLINOIS ST MUNI ELEC AGY PWR SPLY                           | CUSIP: 452024HH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16785630.00  | 1.57%             | 2035-02-01      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                              | CMWLTH FING AUTH PA                                          | CUSIP: 20281PKW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11030000 | PA      | $9012513.73   | 0.84%             | 2041-06-01      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                               | HAWAII ST                                                    | CUSIP: 419792ZX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1848662.50   | 0.17%             | 2035-10-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| City of Huntington Beach CA                                                   | HUNTINGTON BEACH CA PENSN OBLIG                              | CUSIP: 446201AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4493802.00   | 0.42%             | 2040-06-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                             | ILLINOIS ST                                                  | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6320000 | PA      | $6479725.36   | 0.61%             | 2035-04-01      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| Inland Empire Tobacco Securitization Corp                                     | INLAND EMPIRE CA TOBACCO SECURITIZATION AUTH TOB SETTLEMENT  | CUSIP: 45734TAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7270000 | PA      | $6300879.92   | 0.59%             | 2038-06-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| State of California                                                           | CALIFORNIA ST                                                | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9035000 | PA      | $11414105.24  | 1.07%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP MET GOVT NA                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -5400000 | PA      | $-5400000.00  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales & Transfer Tax Receipts Revenue               | CHICAGO IL TRANSIT AUTH SALES & TRANSFER TAX RECPTS REVENUE  | CUSIP: 167725AC4<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4502659.03   | 0.42%             | 2040-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP PEACEHEALTH                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -4254600 | PA      | $-4254600.00  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                              | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UJH2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    650000 | PA      | $622272.95    | 0.06%             | 2026-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207YF5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |  26065000 | PA      | $27930784.83  | 2.61%             | 2057-04-01      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP OCHSNER CLI                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -5075000 | PA      | $-5075000.00  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP METROPOLITA                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -12483438 | PA      | $-12483437.50 | -1.17%            |  |  |  | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                  | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UEJ9<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12046490.00  | 1.13%             | 2041-02-15      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| City of El Cajon CA                                                           | EL CAJON CA                                                  | CUSIP: 282659BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $1862848.53   | 0.17%             | 2043-04-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP INDIANA ST                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -8117250 | PA      | $-8117250.00  | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| New Hope Higher Education Finance Corp                                        | NEW HOPE TX HGR EDU FIN CORP EDU REVENUE                     | CUSIP: 645438AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $368133.09    | 0.03%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                           | CALIFORNIA ST                                                | CUSIP: 13063BBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6095545.00   | 0.57%             | 2039-11-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                      | NATIONAL FIN AUTH NH FEDERAL LEASE REVENUE                   | CUSIP: 63607VAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11895000 | PA      | $9101102.40   | 0.85%             | 2032-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                    | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TJ20<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  50000000 | PA      | $10210800.00  | 0.96%             | 2045-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP SOUTH CAROL                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -11064200 | PA      | $-11064200.00 | -1.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PMV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1302927.15   | 0.12%             | 2049-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County Convention Center Auth | MET GOVT NASHVILLE & DAVIDSON CNTY TN CONVENTION CENTER AUTH | CUSIP: 592125AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35105000 | PA      | $40482173.27  | 3.79%             | 2043-07-01      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP NEW JERSEY                                               | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -35275000 | PA      | $-35275000.00 | -3.30%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP ORANGE CNTY                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -5306250 | PA      | $-5306250.00  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                      | NATIONAL FIN AUTH NH FEDERAL LEASE REVENUE                   | CUSIP: 63607VAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $3358650.51   | 0.31%             | 2035-07-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| City of Chula Vista CA                                                        | CHULA VISTA CA PENSN OBLG                                    | CUSIP: 17131RBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $899053.50    | 0.08%             | 2036-06-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                 | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139X83<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  34000000 | PA      | $40860690.00  | 3.82%             | 2041-01-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP NEW JERSEY                                               | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -8656250 | PA      | $-8656250.00  | -0.81%            |  |  |  | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue            | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RTK5<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |  21255000 | PA      | $22708714.47  | 2.12%             | 2040-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                            | SOUTH CAROLINA ST JOBS-ECON DEV AUTH EDUCTNL FACS REVENUE    | CUSIP: 83704MCJ3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    710000 | PA      | $695766.63    | 0.07%             | 2030-08-15      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                                         | NEW JERSEY INSTITUTE OF TECHNOLOGY                           | CUSIP: 64579RCZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $5620132.50   | 0.53%             | 2042-07-01      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898QY6<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9993190.00   | 0.93%             | 2042-01-01      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP NEW YORK ST                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -13725000 | PA      | $-13725000.00 | -1.28%            |  |  |  | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                         | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AQ94<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $3920000.00   | 0.37%             | 2038-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                        | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812VF68<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $2422166.85   | 0.23%             | 2045-07-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP CHICAGO ILL                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -14849688 | PA      | $-14849687.50 | -1.39%            |  |  |  | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                       | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151JB6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   4595000 | PA      | $4570412.16   | 0.43%             | 2041-12-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Customer Facility Charge Revenue                       | SAN ANTONIO TX CUSTOMER FAC CHARGE REVENUE                   | CUSIP: 796246AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7445137.50   | 0.70%             | 2045-07-01      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| State of California                                                           | CALIFORNIA ST                                                | CUSIP: 13063BFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $11266689.60  | 1.05%             | 2040-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP OKLAHOMA ST                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -3403750 | PA      | $-3403750.00  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259NZH9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  13245000 | PA      | $16219164.75  | 1.52%             | 2039-11-15      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| WEST VA HEALTH SYS OBL                                                        | West Virginia United Health System Obligated Group           | CUSIP: 956708AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $17542996.40  | 1.64%             | 2048-06-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                       | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151SW0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5058255.00   | 0.47%             | 2030-01-01      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                            | MIAMI-DADE CNTY FL INDL DEV AUTH                             | CUSIP: 59333EEL3<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    125000 | PA      | $123094.25    | 0.01%             | 2025-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP VIRGINIA ST                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -743612 | PA      | $-743612.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                         | CHICAGO IL WTR REVENUE                                       | CUSIP: 167736YU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15250000 | PA      | $16874048.75  | 1.58%             | 2040-11-01      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                        | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812VD78<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $776352.66    | 0.07%             | 2045-06-01      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                       | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024NU2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |  13700000 | PA      | $15701885.10  | 1.47%             | 2040-04-01      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                       | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024PY2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $17142272.00  | 1.60%             | 2050-10-01      | Fixed         | 6.91%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EFB1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $296201.10    | 0.03%             | 2024-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                      | NATIONAL FIN AUTH NH FEDERAL LEASE REVENUE                   | CUSIP: 63607VAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12719895.00  | 1.19%             | 2028-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of North Las Vegas NV                                                    | NORTH LAS VEGAS NV                                           | CUSIP: 660393L80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1436598.38   | 0.13%             | 2040-06-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Municipal Power Agency                                      | NTHRN IL MUNI PWR AGY PWR PROJ REVENUE                       | CUSIP: 665250BY1<br>LEI: VWCV6ROJUT9NS55JU583 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5819365.00   | 0.54%             | 2040-01-01      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                                      | WSTRN MN MUNI PWR AGY                                        | CUSIP: 958697HP2<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5781590.00   | 0.54%             | 2046-01-01      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP SAN FRANCIS                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -20617350 | PA      | $-20617350.00 | -1.93%            |  |  |  | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                  | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534RTM1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5412090.00   | 0.51%             | 2040-01-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| City of Orange CA                                                             | ORANGE CALIF PENSION OBLIG                                   | CUSIP: 684100AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1241558.00   | 0.12%             | 2044-06-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP BAY AREA TO                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -13015000 | PA      | $-13015000.00 | -1.22%            |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                   | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 6460667K0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $9443037.50   | 0.88%             | 2042-07-01      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                             | ILLINOIS ST                                                  | CUSIP: 452152GS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  33293929 | PA      | $34821287.66  | 3.26%             | 2035-07-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP CHICAGO ILL                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -3737012 | PA      | $-3737012.50  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                        | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789083X0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3226527.00   | 0.30%             | 2041-09-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| City of Chula Vista CA                                                        | CHULA VISTA CA PENSN OBLG                                    | CUSIP: 17131RBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9185000 | PA      | $5812984.43   | 0.54%             | 2045-06-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                     | DENVER CO PUBLIC SCHS COPS                                   | CUSIP: 249218AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6873852.00   | 0.64%             | 2037-12-15      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                            | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 649907P30<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6010000 | PA      | $6089830.83   | 0.57%             | 2029-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                                   | WSTRN MI UNIV                                                | CUSIP: 958638ZP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $983164.50    | 0.09%             | 2043-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                           | IDAHO ST HSG & FIN ASSN NONPROFIT FACS REVENUE               | CUSIP: 45129GDN2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    625000 | PA      | $564251.88    | 0.05%             | 2031-06-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259YDC0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13568282.00  | 1.27%             | 2040-11-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                                       | RRP UNIVERSITY                                               | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -23880000 | PA      | $-23880000.00 | -2.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                              | CMWLTH FING AUTH PA                                          | CUSIP: 20281PKG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10635000 | PA      | $9323087.67   | 0.87%             | 2038-06-01      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                     | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 455057SV2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $8726395.30   | 0.82%             | 2039-02-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                                         | RRP CALIFORNIA                                               | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        | -11203400 | PA      | $-11203400.00 | -1.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                        | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 56042RK84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $1824921.77   | 0.17%             | 2043-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                       | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698SG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1391655.60   | 0.13%             | 2035-09-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue           | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE        | CUSIP: 592643AA8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   9235000 | PA      | $11349011.56  | 1.06%             | 2046-10-01      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                     | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712PP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5753577.50   | 0.54%             | 2050-02-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP MASSACHUSET                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -4775000 | PA      | $-4775000.00  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP NJ ST EDA P                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -18850382 | PA      | $-18850382.50 | -1.76%            |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                     | BlackRock Liquidity Funds: T-Fund, Institutional Shares      | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  11702583 | NS      | $11702582.70  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| South Carolina Public Service Authority                                       | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151NP0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   5585000 | PA      | $4769037.09   | 0.45%             | 2045-12-01      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| City of Huntington Beach CA                                                   | HUNTINGTON BEACH CA PENSN OBLIG                              | CUSIP: 446201AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3570870.00   | 0.33%             | 2044-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| South Carolina Student Loan Corp                                              | SOUTH CAROLINA ST STUDENT LOAN CORP EDU REVENUE              | CUSIP: 83715AAY5<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |   3710000 | PA      | $3129893.27   | 0.29%             | 2039-12-01      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                   | SAN DIEGO CNTY CA REGL ARPT AUTH                             | CUSIP: 79742GAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3765769.80   | 0.35%             | 2043-07-01      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                     | NEW JERSEY ST ECON DEV AUTH LEASE REVENUE                    | CUSIP: 645913AA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  20974000 | PA      | $22565968.55  | 2.11%             | 2029-02-15      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP ILLINOIS MU                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -13068750 | PA      | $-13068750.00 | -1.22%            |  |  |  | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                       | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151SV2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |  11290000 | PA      | $12369290.13  | 1.16%             | 2050-01-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Excelsior Academies Inc                                                       | EXCELSIOR CHRT ACADEMY FL                                    | CUSIP: 300716AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $344766.10    | 0.03%             | 2025-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                     | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241LW4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2426012.50   | 0.23%             | 2048-12-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                              | SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV    | CUSIP: 798111HM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $5029783.20   | 0.47%             | 2050-01-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                         | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PFT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23050000 | PA      | $24269414.15  | 2.27%             | 2039-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                          | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1671276.00   | 0.16%             | 2040-01-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                              | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061ULE6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    690000 | PA      | $695949.18    | 0.07%             | 2028-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP OKLAHOMA DE                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -5518125 | PA      | $-5518125.00  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EHE3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $382068.00    | 0.04%             | 2028-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                 | MASSACHUSETTS ST                                             | CUSIP: 57582RG26<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7133600.00   | 0.67%             | 2035-07-01      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Western Group Housing LP                                                      | Western Group Housing LP                                     | CUSIP: 95829TAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2416559 | PA      | $2471897.71   | 0.23%             | 2057-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                        | CLARK CNTY NV ARPT REVENUE                                   | CUSIP: 18085PMT8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2379012.00   | 0.22%             | 2045-07-01      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                              | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UEQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $11343330.00  | 1.06%             | 2050-04-01      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Westvaco Corp                                                                 | WESTVACO CORP NY                                             | CUSIP: 961548AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13800000 | PA      | $14524334.40  | 1.36%             | 2027-01-15      | Fixed         | 7.67%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                             | RRP ILLINOIS ST                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        | -33614062 | PA      | $-33614062.50 | -3.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Ohio University                                                               | OHIO UNIV GEN RECPTS ATHENS                                  | CUSIP: 677704A65<br>LEI: 549300P1K3IH2L5SFY61 | Long             | DBT              | MUN               | US        |  10100000 | PA      | $9186525.70   | 0.86%             | 2114-12-01      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                          | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                  | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $115512.00    | 0.01%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                            | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727SW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  36000000 | PA      | $39232116.00  | 3.67%             | 2040-01-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** BlackRock Taxable Municipal Bond Trust

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer