# EDGAR Filing Document

**Accession Number:** 0001181187
**File Stem:** 0001410368-25-043429
**Filing Date:** 2025-12
**Character Count:** 155876
**Document Hash:** a09bc9659f1ea75c757f83868ea3de81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043429.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043429

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNICIPAL INCOME QUALITY TRUST
- **CENTRAL INDEX KEY:** 0001181187

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21178
- **FILM NUMBER:** 251606836

**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 INSURED MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 20020904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK MUNICIPAL INCOME TRUST III
- **DATE OF NAME CHANGE:** 20020819

## Nport-Ex

October 31, 2025

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

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

**BlackRock Municipal Income Quality Trust (BYM)**<br>

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

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

------

Schedule of Investments (unaudited)

October 31, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

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

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 8.2%** | **Alabama — 8.2%** |  |
| Black Belt Energy Gas District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54 | $3875 | &nbsp;&nbsp; $4173726 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/55 | 1385 | &nbsp;&nbsp; 1519942 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/56 | 1400 | &nbsp;&nbsp; 1458769 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, Refunding <br> RB, 5.25%, 10/01/49<br>| 1100 | &nbsp;&nbsp; 1146609 |
| &nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, RB, Series B-1, <br> 5.75%, 04/01/54<sup>(a)</sup><br>| 6980 | &nbsp;&nbsp; 7844300 |
| &nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Refunding RB, <br> Series B, 5.00%, 06/01/49<sup>(a)</sup><br>| 3140 | &nbsp;&nbsp; 3400997 |
| Southeast Energy Authority A Cooperative District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/56 | 3915 | &nbsp;&nbsp; 4191065 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/54 | 755 | &nbsp;&nbsp; 805005 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 03/01/55 | 1100 | &nbsp;&nbsp; 1184728 |
|  |  | &nbsp;&nbsp; 25725141 |
| **Arizona — 2.2%** | **Arizona — 2.2%** |  |
| Arizona Industrial Development Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/01/39 | 725 | &nbsp;&nbsp; 659479 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/49 | 690 | &nbsp;&nbsp; 626529 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/54 | 530 | &nbsp;&nbsp; 471558 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., ARB, Junior <br> Lien, 5.00%, 07/01/49<br>| 1510 | &nbsp;&nbsp; 1546949 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., RB, Junior <br> Lien, 5.25%, 07/01/47<br>| 835 | &nbsp;&nbsp; 897496 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the County of Pima, <br> Refunding RB, 5.00%, 06/15/49<sup>(b)</sup><br>| 685 | &nbsp;&nbsp; 633831 |
| &nbsp;&nbsp;&nbsp; Maricopa County & Phoenix Industrial Development <br> Authorities, RB, S/F Housing, Series A, (GNMA), <br> 6.50%, 03/01/55<br>| 1525 | &nbsp;&nbsp; 1701791 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, <br> Refunding RB, 5.00%, 07/01/54<sup>(b)</sup><br>| 360 | &nbsp;&nbsp; 342787 |
|  |  | &nbsp;&nbsp; 6880420 |
| **California — 7.1%** | **California — 7.1%** |  |
| &nbsp;&nbsp;&nbsp; California Enterprise Development Authority, RB, 8.00%, <br> 11/15/62<sup>(b)</sup><br>| 475 | &nbsp;&nbsp; 471316 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> RB, Series A, 1st Lien, (AMBAC), 5.00%, 01/01/28<sup>(c)</sup><br>| 10100 | &nbsp;&nbsp; 10682097 |
| &nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB, M/F <br> Housing, Sustainability Bonds, 5.00%, 09/01/37<sup>(b)</sup><br>| 100 | &nbsp;&nbsp; 101627 |
| &nbsp;&nbsp;&nbsp; Hartnell Community College District, GO, Series C, <br> Election 2008, 0.00%, 07/01/38<sup>(d)</sup><br>| 2000 | &nbsp;&nbsp; 1287576 |
| &nbsp;&nbsp;&nbsp; Mt San Antonio Community College District, Refunding <br> GO, CAB, Series A, Convertible, Election 2008, <br> 6.25%, 08/01/43<sup>(e)</sup><br>| 1580 | &nbsp;&nbsp; 1593550 |
| &nbsp;&nbsp;&nbsp; San Diego Unified School District, Refunding GO, CAB, <br> Series R-1, 0.00%, 07/01/31<sup>(d)</sup><br>| 1400 | &nbsp;&nbsp; 1193771 |
| &nbsp;&nbsp;&nbsp; Yosemite Community College District, GO, Series D, <br> Election 2004, 0.00%, 08/01/37<sup>(d)</sup><br>| 10000 | &nbsp;&nbsp; 6911497 |
|  |  | &nbsp;&nbsp; 22241434 |
| **Colorado — 0.1%** | **Colorado — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Colorado Housing and Finance Authority, RB, M/F <br> Housing, Series A, Class A, Sustainability Bonds, <br> (FNMA), 4.48%, 03/01/44<br>| 315 | &nbsp;&nbsp; 320177 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Connecticut — 0.6%** | **Connecticut — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities <br> Authority, RB, 4.25%, 07/15/53<br>| $1170 | &nbsp;&nbsp; $1100222 |
| &nbsp;&nbsp;&nbsp; Waterbury Housing Authority, RB, M/F Housing, Series A, <br> (FHLMC, HUD SECT 8), 4.50%, 02/01/42<br>| 940 | &nbsp;&nbsp; 973226 |
|  |  | &nbsp;&nbsp; 2073448 |
| **Delaware — 0.8%** | **Delaware — 0.8%** |  |
| County of Kent Delaware, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/40 | 770 | &nbsp;&nbsp; 772932 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/53 | 1810 | &nbsp;&nbsp; 1683968 |
|  |  | &nbsp;&nbsp; 2456900 |
| **District of Columbia — 3.5%** | **District of Columbia — 3.5%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Housing Finance Agency, RB, M/F <br> Housing, Series A, Sustainability Bonds, (FNMA), <br> 4.88%, 09/01/45<br>| 720 | &nbsp;&nbsp; 759125 |
| &nbsp;&nbsp;&nbsp; District of Columbia Tobacco Settlement Financing Corp., <br> Refunding RB, 6.75%, 05/15/40<br>| 6695 | &nbsp;&nbsp; 6904893 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Refunding GO, Series A, 5.25%, <br> 01/01/48<br>| 1985 | &nbsp;&nbsp; 2107880 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority <br> Dedicated Revenue, RB, Sustainability Bonds, 5.00%, <br> 07/15/45<br>| 1210 | &nbsp;&nbsp; 1277721 |
|  |  | &nbsp;&nbsp; 11049619 |
| **Florida — 5.9%** | **Florida — 5.9%** |  |
| Capital Trust Agency, Inc., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/45 | 615 | &nbsp;&nbsp; 534160 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 06/01/57 | 220 | &nbsp;&nbsp; 191799 |
| City of Miami Florida, RB, Series A, 5.00%, 03/01/48 | 1800 | &nbsp;&nbsp; 1865660 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Water & Sewer System <br> Revenue, RB, Series A, 4.13%, 10/01/50<br>| 3635 | &nbsp;&nbsp; 3373164 |
| &nbsp;&nbsp;&nbsp; Escambia County Health Facilities Authority, Refunding <br> RB, 5.00%, 08/15/40<br>| 1050 | &nbsp;&nbsp; 1071905 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., Refunding RB, <br> 5.00%, 09/15/40<sup>(b)(f)(g)</sup><br>| 340 | &nbsp;&nbsp; 321366 |
| &nbsp;&nbsp;&nbsp; Florida Housing Finance Corp., RB, S/F Housing, <br> Series 1, (FHLMC, FNMA, GNMA), 4.55%, 01/01/49<br>| 1745 | &nbsp;&nbsp; 1748280 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Industrial Development Authority, <br> Refunding RB, Series C, 5.25%, 11/15/49<br>| 465 | &nbsp;&nbsp; 496293 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, 6.30%, <br> 05/01/54<br>| 260 | &nbsp;&nbsp; 274337 |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB, Series A, <br> 5.00%, 10/01/53<br>| 4000 | &nbsp;&nbsp; 4101055 |
| &nbsp;&nbsp;&nbsp; Preserve at South Branch Community Development <br> District, SAB, 4.00%, 11/01/50<br>| 500 | &nbsp;&nbsp; 435547 |
| &nbsp;&nbsp;&nbsp; Tampa-Hillsborough County Expressway Authority, RB, <br> 5.00%, 07/01/47<br>| 1895 | &nbsp;&nbsp; 1921078 |
| &nbsp;&nbsp;&nbsp; Two Lakes Community Development District, SAB, <br> 5.00%, 05/01/55<br>| 540 | &nbsp;&nbsp; 543058 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SAB, <br> 5.25%, 05/01/54<sup>(b)</sup><br>| 270 | &nbsp;&nbsp; 270820 |
| &nbsp;&nbsp;&nbsp; Volusia County Educational Facility Authority, RB, 5.25%, <br> 06/01/49<br>| 810 | &nbsp;&nbsp; 833443 |
| &nbsp;&nbsp;&nbsp; Westside Community Development District, Refunding <br> SAB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 05/01/37 | 260 | &nbsp;&nbsp; 254955 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/01/38 | 260 | &nbsp;&nbsp; 252063 |
|  |  | &nbsp;&nbsp; 18488983 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Georgia — 1.5%** | **Georgia — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; East Point Business & Industrial Development Authority, <br> RB, Series A, 5.25%, 06/15/62<sup>(b)</sup><br>| $245 | &nbsp;&nbsp; $160744 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., RB, Series A, 5.00%, <br> 06/01/53<sup>(a)</sup><br>| 4355 | &nbsp;&nbsp; 4616935 |
|  |  | &nbsp;&nbsp; 4777679 |
| **Idaho — 1.2%** | **Idaho — 1.2%** |  |
| Idaho Housing & Finance Association, RB |  |  |
| &nbsp;&nbsp;&nbsp; (GTD), 5.50%, 05/01/57 | 1510 | &nbsp;&nbsp; 1541473 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/48 | 2015 | &nbsp;&nbsp; 2144024 |
|  |  | &nbsp;&nbsp; 3685497 |
| **Illinois — 7.3%** | **Illinois — 7.3%** |  |
| Chicago Board of Education, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/34 | 1620 | &nbsp;&nbsp; 1630277 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/40 | 1540 | &nbsp;&nbsp; 1489391 |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 12/01/50 | 740 | &nbsp;&nbsp; 773562 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, Refunding GO, Series B, <br> 12/01/43<sup>(h)</sup><br>| 440 | &nbsp;&nbsp; 458662 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Wastewater Transmission <br> Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%, <br> 01/01/53<br>| 1290 | &nbsp;&nbsp; 1350206 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Waterworks Revenue, RB, <br> Series A, 2nd Lien, (AGM), 5.50%, 11/01/62<br>| 3220 | &nbsp;&nbsp; 3418822 |
| &nbsp;&nbsp;&nbsp; Illinois Housing Development Authority, Refunding RB, <br> S/F Housing, Series H, Sustainability Bonds, (FHLMC, <br> FNMA, GNMA), 4.65%, 10/01/43<br>| 1905 | &nbsp;&nbsp; 1938718 |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority, RB, Series A, 5.00%, <br> 01/01/40<br>| 7020 | &nbsp;&nbsp; 7026271 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, RB, 5.00%, <br> 06/15/57<br>| 670 | &nbsp;&nbsp; 667052 |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/39 | 1840 | &nbsp;&nbsp; 1970440 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 05/01/44 | 1360 | &nbsp;&nbsp; 1438534 |
| &nbsp;&nbsp;&nbsp; Series F, 5.25%, 09/01/48 | 815 | &nbsp;&nbsp; 847525 |
|  |  | &nbsp;&nbsp; 23009460 |
| **Indiana — 0.4%** | **Indiana — 0.4%** |  |
| Indiana Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/01/46 | 820 | &nbsp;&nbsp; 884676 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/01/47 | 285 | &nbsp;&nbsp; 306643 |
|  |  | &nbsp;&nbsp; 1191319 |
| **Iowa — 1.2%** | **Iowa — 1.2%** |  |
| Iowa Finance Authority, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.75%, 07/01/49<br>| 1270 | &nbsp;&nbsp; 1279609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.40%, 07/01/44<br>| 2540 | &nbsp;&nbsp; 2559022 |
|  |  | &nbsp;&nbsp; 3838631 |
| **Kentucky — 0.7%** | **Kentucky — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Louisville and Jefferson County Metropolitan Sewer <br> District, Refunding RB, Series C, 5.00%, 05/15/49<br>| 2000 | &nbsp;&nbsp; 2087971 |
| **Louisiana — 1.3%** | **Louisiana — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities Authority, RB, 5.25%, <br> 10/01/53<br>| 2330 | &nbsp;&nbsp; 2327533 |
| &nbsp;&nbsp;&nbsp; Louisiana Stadium & Exposition District, Refunding RB, <br> Series A, 5.25%, 07/01/53<br>| 1640 | &nbsp;&nbsp; 1704564 |
|  |  | &nbsp;&nbsp; 4032097 |
| **Maryland — 0.4%** | **Maryland — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Maryland Community Development Administration, RB, <br> M/F Housing, Series D-1, Sustainability Bonds, <br> (FNMA), 4.35%, 02/01/44<br>| 1380 | &nbsp;&nbsp; 1363402 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Massachusetts — 3.3%** | **Massachusetts — 3.3%** |  |
| Massachusetts Development Finance Agency, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/48 | $1970 | &nbsp;&nbsp; $1793893 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/47 | 2350 | &nbsp;&nbsp; 2286321 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 5.50%, 07/01/50 | 2740 | &nbsp;&nbsp; 2963120 |
| &nbsp;&nbsp;&nbsp; (AGM-CR), 5.50%, 07/01/55 | 1640 | &nbsp;&nbsp; 1772079 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.50%, 07/01/55 | 1465 | &nbsp;&nbsp; 1593777 |
|  |  | &nbsp;&nbsp; 10409190 |
| **Michigan — 0.4%** | **Michigan — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; State of Michigan Trunk Line Revenue, RB, 5.25%, <br> 11/15/49<br>| 1145 | &nbsp;&nbsp; 1226423 |
| **Mississippi — 0.2%** | **Mississippi — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Mississippi Home Corp., RB, Series 2025-06FN, <br> Class PT, 4.55%, 04/01/42<br>| 495 | &nbsp;&nbsp; 510226 |
| **Missouri — 0.3%** | **Missouri — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Kansas City Industrial Development Authority, RB, M/F <br> Housing, Sustainability Bonds, (FNMA), 4.39%, <br> 09/01/42<br>| 894 | &nbsp;&nbsp; 907921 |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development Commission, RB, S/F <br> Housing, Series A, (FHLMC, FNMA, GNMA), 4.60%, <br> 11/01/49<br>| 175 | &nbsp;&nbsp; 173516 |
|  |  | &nbsp;&nbsp; 1081437 |
| **Nebraska — 0.3%** | **Nebraska — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District, RB, Series A, 5.25%, <br> 02/01/48<br>| 950 | &nbsp;&nbsp; 1009744 |
| **Nevada — 0.6%** | **Nevada — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Nevada Special Improvement District <br> No. 611, SAB, 4.13%, 06/01/50<br>| 1080 | &nbsp;&nbsp; 918159 |
| Tahoe-Douglas Visitors Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/40 | 400 | &nbsp;&nbsp; 411704 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/45 | 530 | &nbsp;&nbsp; 533477 |
|  |  | &nbsp;&nbsp; 1863340 |
| **New Hampshire — 2.8%** | **New Hampshire — 2.8%** |  |
| &nbsp;&nbsp;&nbsp; National Finance Authority Affordable Housing <br> Certificates, RB, Series 2024-1, Class A, 4.15%, <br> 10/20/40<sup>(a)</sup><br>| 199 | &nbsp;&nbsp; 199110 |
| New Hampshire Business Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A1, 4.09%, 01/20/41<sup>(a)</sup> | 468 | &nbsp;&nbsp; 465868 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 5.50%, 06/01/55 | 3130 | &nbsp;&nbsp; 3292664 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, RB, M/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1st Series, Class B, 5.75%, 04/28/42 | 705 | &nbsp;&nbsp; 735992 |
| &nbsp;&nbsp;&nbsp; Series 2025, Subordinate, 5.15%, 09/28/37 | 1120 | &nbsp;&nbsp; 1132906 |
| &nbsp;&nbsp;&nbsp; Series 2, Sustainability Bonds, 4.25%, 07/20/41 | 1757 | &nbsp;&nbsp; 1752253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2, Class 3-A, Sustainability Bonds, 0.00%, <br> 10/01/51<sup>(a)</sup><br>| 1335 | &nbsp;&nbsp; 1313918 |
|  |  | &nbsp;&nbsp; 8892711 |
| **New Jersey — 5.6%** | **New Jersey — 5.6%** |  |
| &nbsp;&nbsp;&nbsp; Camden County Improvement Authority, RB, <br> Sustainability Bonds, 6.00%, 06/15/62<br>| 500 | &nbsp;&nbsp; 519858 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, <br> Series BB, 4.00%, 06/15/50<br>| 3000 | &nbsp;&nbsp; 2737011 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, <br> CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/15/35 | 4050 | &nbsp;&nbsp; 2853382 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/15/38 | 5845 | &nbsp;&nbsp; 3536113 |
| &nbsp;&nbsp;&nbsp; New Jersey Turnpike Authority, RB, Series A, 5.25%, <br> 01/01/55<br>| 1385 | &nbsp;&nbsp; 1489344 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey (continued)** | **New Jersey (continued)** |  |
| Tobacco Settlement Financing Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/46 | 820 | &nbsp;&nbsp; $811166 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 06/01/46 | 2055 | &nbsp;&nbsp; 2060205 |
| &nbsp;&nbsp;&nbsp; Sub-Series B, 5.00%, 06/01/46 | 3810 | &nbsp;&nbsp; 3709561 |
|  |  | &nbsp;&nbsp; 17716640 |
| **New Mexico — 0.0%** | **New Mexico — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; City of Santa Fe New Mexico, RB, Series A, 5.00%, <br> 05/15/44<br>| 175 | &nbsp;&nbsp; 169948 |
| **New York — 5.3%** | **New York — 5.3%** |  |
| City of New York, GO, Series G-1, 5.25%, 02/01/53 | 255 | &nbsp;&nbsp; 271735 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Refunding RB, <br> Series C-1, Sustainability Bonds, 5.25%, 11/15/55<br>| 1135 | &nbsp;&nbsp; 1167955 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, RB, <br> Series BB, 5.25%, 06/15/55<br>| 310 | &nbsp;&nbsp; 331925 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB, Series DD, 4.13%, 06/15/46<br>| 5670 | &nbsp;&nbsp; 5522952 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Subordinate, 4.00%, 08/01/48 | 1320 | &nbsp;&nbsp; 1237883 |
| &nbsp;&nbsp;&nbsp; Series B, Subordinate, 5.00%, 05/01/46 | 1520 | &nbsp;&nbsp; 1598114 |
| &nbsp;&nbsp;&nbsp; Series E, Subordinate, 5.00%, 11/01/53 | 925 | &nbsp;&nbsp; 962219 |
| &nbsp;&nbsp;&nbsp; New York Counties Tobacco Trust VI, Refunding RB, <br> Series B, 5.00%, 06/01/41<br>| 550 | &nbsp;&nbsp; 550530 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Class A, 5.25%, 05/01/54<br>| 2750 | &nbsp;&nbsp; 2863918 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/15/52 | 1000 | &nbsp;&nbsp; 1056027 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 05/15/58 | 1000 | &nbsp;&nbsp; 958829 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority, Refunding RB, <br> Series A-1, 5.00%, 05/15/51<br>| 230 | &nbsp;&nbsp; 236172 |
|  |  | &nbsp;&nbsp; 16758259 |
| **North Carolina — 0.0%** | **North Carolina — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, RB, Series A, <br> 5.13%, 10/01/54<br>| 110 | &nbsp;&nbsp; 110794 |
| **North Dakota — 0.3%** | **North Dakota — 0.3%** |  |
| North Dakota Housing Finance Agency, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 4.70%, 07/01/49 | 270 | &nbsp;&nbsp; 272511 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 6.25%, 01/01/55 | 550 | &nbsp;&nbsp; 613419 |
|  |  | &nbsp;&nbsp; 885930 |
| **Ohio — 2.1%** | **Ohio — 2.1%** |  |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, <br> Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55<br>| 2515 | &nbsp;&nbsp; 2107669 |
| &nbsp;&nbsp;&nbsp; County of Cuyahoga Ohio, Refunding RB, 5.00%, <br> 02/15/42<br>| 1805 | &nbsp;&nbsp; 1805827 |
| County of Hamilton Ohio, RB, Series A, 5.00%, 08/15/42 | 2650 | &nbsp;&nbsp; 2679432 |
|  |  | &nbsp;&nbsp; 6592928 |
| **Oklahoma — 0.7%** | **Oklahoma — 0.7%** |  |
| Oklahoma Turnpike Authority, RB, 5.50%, 01/01/53 | 1960 | &nbsp;&nbsp; 2090314 |
| **Oregon — 0.9%** | **Oregon — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 0.00%, 06/15/27<sup>(c)</sup> | 120 | &nbsp;&nbsp; 70212 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Oregon (continued)** | **Oregon (continued)** |  |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, CAB<sup>(d)</sup> (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 0.00%, 06/15/38 | 995 | &nbsp;&nbsp; $565132 |
| &nbsp;&nbsp;&nbsp; State of Oregon Housing & Community Services <br> Department, RB, M/F Housing, Series K1, (FNMA), <br> 4.33%, 11/01/43<br>| 2290 | &nbsp;&nbsp; 2310370 |
|  |  | &nbsp;&nbsp; 2945714 |
| **Pennsylvania — 4.8%** | **Pennsylvania — 4.8%** |  |
| &nbsp;&nbsp;&nbsp; Bucks County Industrial Development Authority, RB, <br> 4.00%, 07/01/46<br>| 205 | &nbsp;&nbsp; 180390 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, RB, <br> 4.00%, 08/15/49<br>| 5000 | &nbsp;&nbsp; 4542989 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/55 | 900 | &nbsp;&nbsp; 978347 |
| &nbsp;&nbsp;&nbsp; Series B-1, (AGM), 5.00%, 11/01/51 | 1085 | &nbsp;&nbsp; 1121190 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, Series 2024-<br> 26FN, Class PT, 4.63%, 02/01/42<br>| 1785 | &nbsp;&nbsp; 1861543 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F <br> Housing, Series 145A, Sustainability Bonds, 4.75%, <br> 10/01/49<br>| 4390 | &nbsp;&nbsp; 4409726 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, Refunding RB, <br> S/F Housing, Series 142-A, Sustainability Bonds, <br> 5.00%, 10/01/43<br>| 1895 | &nbsp;&nbsp; 1964497 |
|  |  | &nbsp;&nbsp; 15058682 |
| **Puerto Rico — 4.6%** | **Puerto Rico — 4.6%** |  |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.75%, 07/01/53 | 4577 | &nbsp;&nbsp; 4327563 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.00%, 07/01/58 | 7050 | &nbsp;&nbsp; 6847247 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.78%, 07/01/58 | 349 | &nbsp;&nbsp; 328198 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.33%, 07/01/40 | 935 | &nbsp;&nbsp; 906478 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 4.75%, 07/01/53 | 391 | &nbsp;&nbsp; 369691 |
| &nbsp;&nbsp;&nbsp; Series B-2, Restructured, 4.78%, 07/01/58 | 520 | &nbsp;&nbsp; 489006 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB, CAB, Series A-1, Restructured, 0.00%, <br> 07/01/46<sup>(d)</sup><br>| 3635 | &nbsp;&nbsp; 1265098 |
|  |  | &nbsp;&nbsp; 14533281 |
| **South Carolina — 3.4%** | **South Carolina — 3.4%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, RB, Series A1, <br> 5.25%, 10/01/54<sup>(a)</sup><br>| 5685 | &nbsp;&nbsp; 6201702 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/55<sup>(b)</sup> | 1095 | &nbsp;&nbsp; 907798 |
| &nbsp;&nbsp;&nbsp; 7.50%, 08/15/62<sup>(b)</sup> | 505 | &nbsp;&nbsp; 451056 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/50 | 540 | &nbsp;&nbsp; 575612 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> Refunding RB, 4.00%, 12/01/44<br>| 1645 | &nbsp;&nbsp; 1546464 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Refunding RB, <br> Series B, (AGM), 5.00%, 12/01/54<br>| 900 | &nbsp;&nbsp; 938260 |
|  |  | &nbsp;&nbsp; 10620892 |
| **Tennessee — 4.4%** | **Tennessee — 4.4%** |  |
| &nbsp;&nbsp;&nbsp; Knox County Health Educational & Housing Facility <br> Board, RB, Series A-1, (BAM), 5.50%, 07/01/54<br>| 490 | &nbsp;&nbsp; 517984 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Fcilities Board, Refunding RB, <br> 5.25%, 10/01/58<br>| 2465 | &nbsp;&nbsp; 2383747 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Tennessee (continued)** | **Tennessee (continued)** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson <br> County TN Water & Sewer Revenue, Refunding RB, <br> 5.25%, 07/01/55<br>| 805 | &nbsp;&nbsp; $857514 |
| Tennergy Corp., RB, Series A, 5.50%, 10/01/53<sup>(a)</sup> | 1575 | &nbsp;&nbsp; 1707881 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., RB, Series A, <br> 5.00%, 05/01/52<sup>(a)</sup><br>| 2560 | &nbsp;&nbsp; 2761410 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., Refunding RB, <br> Series A-1, 5.00%, 05/01/53<sup>(a)</sup><br>| 3000 | &nbsp;&nbsp; 3108759 |
| &nbsp;&nbsp;&nbsp; Tennessee Housing Development Agency, RB, S/F <br> Housing, Series 2, Sustainability Bonds, 4.35%, <br> 01/01/48<br>| 2500 | &nbsp;&nbsp; 2450807 |
|  |  | &nbsp;&nbsp; 13788102 |
| **Texas — 20.3%** | **Texas — 20.3%** |  |
| Arlington Higher Education Finance Corp., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/62 | 530 | &nbsp;&nbsp; 265000 |
| &nbsp;&nbsp;&nbsp; 7.88%, 11/01/62 | 450 | &nbsp;&nbsp; 270000 |
| &nbsp;&nbsp;&nbsp; Bexar Management And Development Corp., RB, M/F <br> Housing, (FNMA), 4.61%, 07/01/44<br>| 2285 | &nbsp;&nbsp; 2352555 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Airport System Revenue, ARB, <br> Series A, 5.00%, 11/15/41<br>| 1990 | &nbsp;&nbsp; 2007435 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System <br> Revenue, Refunding RB, 5.00%, 11/15/53<br>| 820 | &nbsp;&nbsp; 864657 |
| City of Houston Texas, GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 03/01/49 | 475 | &nbsp;&nbsp; 508731 |
| &nbsp;&nbsp;&nbsp; Series A, 4.13%, 03/01/51 | 1775 | &nbsp;&nbsp; 1646620 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas, Refunding GOL, Series A, 5.25%, <br> 03/01/43<br>| 810 | &nbsp;&nbsp; 872804 |
| &nbsp;&nbsp;&nbsp; Coppell Independent School District, Refunding GO, <br> (PSF), 0.00%, 08/15/30<sup>(d)</sup><br>| 10030 | &nbsp;&nbsp; 8643302 |
| &nbsp;&nbsp;&nbsp; County of Harris Texas Toll Road Revenue, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, 4.00%, 08/15/49 | 805 | &nbsp;&nbsp; 756270 |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, 4.00%, 08/15/54 | 575 | &nbsp;&nbsp; 529113 |
| &nbsp;&nbsp;&nbsp; County of Harris Texas, Refunding GO, Series A, 4.25%, <br> 09/15/48<br>| 340 | &nbsp;&nbsp; 337185 |
| &nbsp;&nbsp;&nbsp; County of Harris Texas, Refunding GOL, (NPFGC), <br> 0.00%, 08/15/28<sup>(d)</sup><br>| 10915 | &nbsp;&nbsp; 10030468 |
| &nbsp;&nbsp;&nbsp; Crowley Independent School District, GO, (PSF), 4.25%, <br> 02/01/53<br>| 310 | &nbsp;&nbsp; 301232 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District, Refunding GO, <br> Series A, (PSF), 4.00%, 08/15/49<br>| 745 | &nbsp;&nbsp; 701494 |
| &nbsp;&nbsp;&nbsp; Grand Parkway Transportation Corp., RB, CAB, <br> Series B, Convertible, 5.80%, 10/01/46<sup>(e)</sup><br>| 2365 | &nbsp;&nbsp; 2505336 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance <br> Corp., Refunding RB, Class A, 4.13%, 07/01/52<br>| 2840 | &nbsp;&nbsp; 2618095 |
| Hidalgo County Regional Mobility Authority, RB, CAB<sup>(d)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/01/42 | 500 | &nbsp;&nbsp; 221138 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/01/43 | 1000 | &nbsp;&nbsp; 411915 |
| &nbsp;&nbsp;&nbsp; Leander Independent School District, Refunding GO, <br> Series A, (PSF), 5.00%, 08/15/50<br>| 1715 | &nbsp;&nbsp; 1813177 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority, Refunding RB, (AGM), <br> 5.00%, 05/15/49<br>| 3055 | &nbsp;&nbsp; 3188678 |
| &nbsp;&nbsp;&nbsp; Marshall Independent School District, GO, (PSF), 4.00%, <br> 02/15/45<br>| 380 | &nbsp;&nbsp; 370884 |
| &nbsp;&nbsp;&nbsp; Mesquite Housing Finance Corp., RB, M/F Housing, <br> Series A, Sustainability Bonds, (FNMA), 4.53%, <br> 02/01/44<br>| 2900 | &nbsp;&nbsp; 2947330 |
| &nbsp;&nbsp;&nbsp; Midland County Fresh Water Supply District No. 1, RB, <br> CAB, Series A, 0.00%, 09/15/27<sup>(c)(d)</sup><br>| 2340 | &nbsp;&nbsp; 1419136 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., <br> RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/50 | 580 | &nbsp;&nbsp; $493169 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/51 | 1535 | &nbsp;&nbsp; 1444491 |
| North Texas Tollway Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 09/01/31<sup>(d)</sup> | 1975 | &nbsp;&nbsp; 1059648 |
| &nbsp;&nbsp;&nbsp; Series C, Convertible, 6.75%, 09/01/31<sup>(e)</sup> | 2500 | &nbsp;&nbsp; 3042583 |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority, Refunding RB, Series B, <br> 5.00%, 01/01/43<br>| 3795 | &nbsp;&nbsp; 3831790 |
| &nbsp;&nbsp;&nbsp; Northwest Independent School District, GO, (PSF), <br> 5.25%, 02/15/55<br>| 885 | &nbsp;&nbsp; 945477 |
| &nbsp;&nbsp;&nbsp; San Antonio Housing Trust Public Facility Corp., RB, <br> Series 2024-11FN, Class PT, 4.45%, 04/01/43<br>| 405 | &nbsp;&nbsp; 410430 |
| &nbsp;&nbsp;&nbsp; San Antonio Housing Trust Public Facility Corp., RB, M/F <br> Housing, Series A, (FNMA), 4.43%, 04/01/43<br>| 575 | &nbsp;&nbsp; 580688 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., Refunding RB, 5.00%, 10/01/49<br>| 325 | &nbsp;&nbsp; 321586 |
| Tarrant County Hospital District, GOL, 4.25%, 08/15/53 | 1725 | &nbsp;&nbsp; 1613608 |
| &nbsp;&nbsp;&nbsp; Texas City Industrial Development Corp., RB, <br> Series 2012, 4.13%, 12/01/45<br>| 330 | &nbsp;&nbsp; 292656 |
| &nbsp;&nbsp;&nbsp; Texas Department of Housing & Community Affairs, RB, <br> S/F Housing, Series A, (GNMA), 5.13%, 01/01/54<br>| 540 | &nbsp;&nbsp; 562686 |
| &nbsp;&nbsp;&nbsp; Texas State University System, Refunding RB, 4.00%, <br> 03/15/49<br>| 1695 | &nbsp;&nbsp; 1554746 |
| Texas Water Development Board, RB, 4.75%, 10/15/55 | 1960 | &nbsp;&nbsp; 1986870 |
|  |  | &nbsp;&nbsp; 63722983 |
| **Utah — 0.6%** | **Utah — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Black Desert Public Infrastructure District, SAB, 5.63%, <br> 12/01/53<sup>(b)</sup><br>| 180 | &nbsp;&nbsp; 181824 |
| Downtown Revitalization Public Infrastructure District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, (AGM), 5.50%, 06/01/55 | 830 | &nbsp;&nbsp; 894070 |
| &nbsp;&nbsp;&nbsp; Series B, 2nd Lien, (AGM), 5.50%, 06/01/55 | 295 | &nbsp;&nbsp; 317534 |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, Refunding RB, <br> 5.00%, 06/15/55<sup>(b)</sup><br>| 450 | &nbsp;&nbsp; 393480 |
|  |  | &nbsp;&nbsp; 1786908 |
| **Virginia — 3.2%** | **Virginia — 3.2%** |  |
| &nbsp;&nbsp;&nbsp; Fairfax County Industrial Development Authority, RB, <br> 4.13%, 05/15/54<br>| 1595 | &nbsp;&nbsp; 1469340 |
| Henrico County Economic Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 10/01/47 | 4580 | &nbsp;&nbsp; 4643695 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 10/01/52 | 1170 | &nbsp;&nbsp; 1176325 |
| &nbsp;&nbsp;&nbsp; Henrico County Economic Development Authority, <br> Refunding RB, Series A, 5.00%, 11/01/48<br>| 845 | &nbsp;&nbsp; 879732 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series B-1, 5.00%, 06/01/47<br>| 1225 | &nbsp;&nbsp; 1026556 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority, RB, M/F <br> Housing, Series G, 5.15%, 11/01/52<br>| 505 | &nbsp;&nbsp; 518422 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series E-2, 4.40%, 10/01/44 | 100 | &nbsp;&nbsp; 100704 |
| &nbsp;&nbsp;&nbsp; Series E-2, 4.55%, 10/01/49 | 230 | &nbsp;&nbsp; 230466 |
|  |  | &nbsp;&nbsp; 10045240 |
| **Washington — 0.7%** | **Washington — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Vancouver Housing Authority, RB, M/F Housing, 5.00%, <br> 08/01/40<br>| 410 | &nbsp;&nbsp; 423619 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Washington (continued)** | **Washington (continued)** |  |
| &nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority, Refunding <br> RB, Series A, 5.50%, 09/01/55<br>| 1185 | &nbsp;&nbsp; $1258483 |
| &nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission, RB, <br> M/F Housing, Series 2, Class 1, Sustainability Bonds, <br> 4.08%, 03/01/50<sup>(a)</sup><br>| 442 | &nbsp;&nbsp; 432371 |
|  |  | &nbsp;&nbsp; 2114473 |
| **Wisconsin — 1.5%** | **Wisconsin — 1.5%** |  |
| Public Finance Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 06/15/51 | 305 | &nbsp;&nbsp; 251605 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 06/15/56 | 400 | &nbsp;&nbsp; 323571 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/55 | 395 | &nbsp;&nbsp; 338964 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.50%, 01/01/35 | 600 | &nbsp;&nbsp; 587504 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, RB, <br> Series A, 5.75%, 08/15/54<br>| 265 | &nbsp;&nbsp; 272696 |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & Economic Development Authority <br> Home Ownership Revenue, RB, S/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.85%, 09/01/43<br>| 430 | &nbsp;&nbsp; 440577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.75%, 09/01/50<br>| 2535 | &nbsp;&nbsp; 2561867 |
|  |  | &nbsp;&nbsp; 4776784 |
| **Total Municipal Bonds — 108.7%** <br>**(Cost: $329,349,762)** | **Total Municipal Bonds — 108.7%** <br>**(Cost: $329,349,762)** | &nbsp;&nbsp; 341933121 |
| **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> |
| **Alabama**<sup>(a)</sup> **— 5.2%** | **Alabama**<sup>(a)</sup> **— 5.2%** |  |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 10/01/54 | 10000 | &nbsp;&nbsp; 11098386 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.25%, 02/01/53 | 5020 | &nbsp;&nbsp; 5351783 |
|  |  | &nbsp;&nbsp; 16450169 |
| **District of Columbia — 3.9%** | **District of Columbia — 3.9%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Revenue, Refunding <br> RB, Series A, 5.00%, 06/01/50<br>| 5840 | &nbsp;&nbsp; 6168320 |
| &nbsp;&nbsp;&nbsp; District of Columbia Water & Sewer Authority, Refunding <br> RB, Series B, 5.00%, 10/01/49<br>| 6035 | &nbsp;&nbsp; 6141311 |
|  |  | &nbsp;&nbsp; 12309631 |
| **Florida — 2.4%** | **Florida — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; City of Fort Lauderdale Florida Water & Sewer Revenue, <br> RB, Series B, 5.50%, 09/01/53<br>| 7045 | &nbsp;&nbsp; 7642694 |
| **Georgia — 3.2%** | **Georgia — 3.2%** |  |
| &nbsp;&nbsp;&nbsp; County of DeKalb Georgia Water & Sewerage Revenue, <br> RB, Series A, 5.00%, 10/01/55<br>| 9757 | &nbsp;&nbsp; 10220374 |
| **Illinois — 2.0%** | **Illinois — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, <br> Refunding RB, Series A, 5.00%, 12/01/49<br>| 6000 | &nbsp;&nbsp; 6182430 |
| **Indiana — 3.1%** | **Indiana — 3.1%** |  |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, RB, Series A, 4.00%, <br> 11/01/51<br>| 10685 | &nbsp;&nbsp; 9756461 |
| **Maryland — 2.0%** | **Maryland — 2.0%** |  |
| Maryland Stadium Authority, RB, 5.00%, 06/01/54 | 6014 | &nbsp;&nbsp; 6257257 |
| **Massachusetts — 3.3%** | **Massachusetts — 3.3%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series D, <br> 5.00%, 10/01/51<br>| 10000 | &nbsp;&nbsp; 10456570 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Nevada — 3.2%** | **Nevada — 3.2%** |  |
| &nbsp;&nbsp;&nbsp; Las Vegas Valley Water District, GOL, Series A, 5.00%, <br> 06/01/49<br>| $9500 | &nbsp;&nbsp; $9942853 |
| **New York — 21.6%** | **New York — 21.6%** |  |
| &nbsp;&nbsp;&nbsp; Empire State Development Corp., RB, Series A, 5.00%, <br> 03/15/50<br>| 8000 | &nbsp;&nbsp; 8342373 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB, Series DD, 5.00%, 06/15/47<br>| 9705 | &nbsp;&nbsp; 10154278 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Series D, 5.00%, 05/01/50<sup>(j)</sup><br>| 10000 | &nbsp;&nbsp; 10432663 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority, RB, 5.00%, <br> 05/01/47<br>| 8480 | &nbsp;&nbsp; 8926994 |
| New York State Dormitory Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/53<sup>(j)</sup> | 3973 | &nbsp;&nbsp; 4146958 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 07/01/49 | 8955 | &nbsp;&nbsp; 8269384 |
| Triborough Bridge & Tunnel Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 05/15/51 | 12685 | &nbsp;&nbsp; 13025391 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 05/15/52<sup>(j)</sup> | 4340 | &nbsp;&nbsp; 4555579 |
|  |  | &nbsp;&nbsp; 67853620 |
| **South Carolina — 3.5%** | **South Carolina — 3.5%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, Refunding RB, <br> Series B-1, 5.25%, 02/01/54<sup>(a)(j)</sup><br>| 10000 | &nbsp;&nbsp; 10876204 |
| **Texas — 1.2%** | **Texas — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; San Antonio Water System, Refunding RB, Series A, <br> Junior Lien, 5.25%, 05/15/48<br>| 3660 | &nbsp;&nbsp; 3891808 |
| **Washington — 3.4%** | **Washington — 3.4%** |  |
| &nbsp;&nbsp;&nbsp; State of Washington, GO, Series 2024-A, 5.00%, <br> 08/01/48<br>| 10000 | &nbsp;&nbsp; 10535937 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 58.0%** <br>**(Cost: $177,914,384)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 58.0%** <br>**(Cost: $177,914,384)** | &nbsp;&nbsp; 182376008 |
| **Total Long-Term Investments — 166.7%** <br>**(Cost: $507,264,146)** | **Total Long-Term Investments — 166.7%** <br>**(Cost: $507,264,146)** | &nbsp;&nbsp; 524309129 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.9%** | **Money Market Funds — 1.9%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 3.01%<sup>(k)(l)</sup><br>| 5750432 | &nbsp;&nbsp; 5751007 |
| **Total Short-Term Securities — 1.9%** <br>**(Cost: $5,750,964)** | **Total Short-Term Securities — 1.9%** <br>**(Cost: $5,750,964)** | &nbsp;&nbsp; 5751007 |
| **Total Investments — 168.6%** <br>**(Cost: $513,015,110)** | **Total Investments — 168.6%** <br>**(Cost: $513,015,110)** | &nbsp;&nbsp; 530060136 |
| **Other Assets Less Liabilities — 1.3%** | **Other Assets Less Liabilities — 1.3%** | &nbsp;&nbsp; 4478405 |
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (38.9)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (38.9)%** | &nbsp;&nbsp; (122466949)<br>|
| **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(31.0)%** | **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(31.0)%** | &nbsp;&nbsp; (97600000)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $314471592 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

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

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. 

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

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

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

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

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

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

<sup>(i)</sup> Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing. 

<sup>(j)</sup> All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire between August 1, 2029 to June 1, 2043, is $42,883,657. 

<sup>(k)</sup> Affiliate of the Trust.

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

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Trust during the period ended October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/25*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*10/31/25*<br>| *Shares* <br>*Held at* <br>*10/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares | $2897815<br> $2853193 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $(1)<br>| $5751007 | 5750432 | $33451 | $— |

---

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

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

**Fair Value Hierarchy as of Period End**

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

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

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

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

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

The following table summarizes the Trust's financial instruments categorized in the fair value hierarchy. The breakdown of the Trust's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $341933121 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $341933121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 182376008 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 182376008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 5751007 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5751007 |
|  | &nbsp;&nbsp; $5751007 | &nbsp;&nbsp;&nbsp;&nbsp; $524309129 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $530060136 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TOB Trust Certificates | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(121843531)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(121843531)<br>|
| &nbsp;&nbsp;&nbsp; VMTP Shares at Liquidation Value | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (97600000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (97600000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(219443531)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(219443531)<br>|

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AGM-CR | AGM Insured Custodial Receipt |
| AMBAC | AMBAC Assurance Corp. |
| ARB | Airport Revenue Bonds  |
| BAM | Build America Mutual Assurance Co. |
| CAB | Capital Appreciation Bonds |
| CR | Custodian Receipt |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| HUD SECT 8 | &nbsp;&nbsp;&nbsp; U.S. Department of Housing and Urban Development <br> Section 8<br>|
| M/F | Multi-Family |
| NPFGC | National Public Finance Guarantee Corp. |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |
| S/F | Single-Family |
| SAB | Special Assessment Bonds |

---

------

## 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 Municipal Income Quality Trust

- **b. Investment Company Act file number:** 811-21178

- **c. CIK number of Registrant:** 0001181187

- **d. LEI of Registrant:** ZQ1Z8W71OQGQTC6ZJ410

- **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 Municipal Income Quality Trust

- **c. LEI of Series:** ZQ1Z8W71OQGQTC6ZJ410

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $537127945.34

**Total Liabilities:** $222598271.41

**Net Assets:** $314529673.93

**Delayed Delivery Securities:** $458867.20

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 153088.55000000 | **1-Year:** 9852.54000000 | **5-Year:** 98565.77000000 | **10-Year:** 81941.77000000 | **30-Year:** 57561.59000000

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

- **3-Month:** 9026.07000000 | **1-Year:** 352.62000000 | **5-Year:** 10099.42000000 | **10-Year:** 5657.78000000 | **30-Year:** 27771.56000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.23%                | 4.80%                | 2.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-207248.29              | $2422510.59                                |
| Month 2  | $-785721.89              | $13887631.17                               |
| Month 3  | $77266.40                | $4825771.37                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $626529.04    | 0.20%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $471558.07    | 0.15%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $659479.36    | 0.21%             | 2039-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $270000.00    | 0.09%             | 2062-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $265000.00    | 0.08%             | 2062-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398FD1<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2007434.99   | 0.64%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477YT7<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    820000 | PA      | $864657.20    | 0.27%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bexar Management And Development Corp                                            | BEXAR MGMT & DEV CORP TX MF HSG REVENUE                      | CUSIP: 08857FAA1<br>LEI: 2549009KNEM1RHMCBG65 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2352554.65   | 0.75%             | 2044-07-01      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3875000 | PA      | $4173725.69   | 1.33%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1519942.63   | 0.48%             | 2055-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1458769.48   | 0.46%             | 2056-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | BLACK DESERT PUB INFRASTRUCTURE DIST UT SPL ASSMNT           | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181823.99    | 0.06%             | 2053-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2107668.59   | 0.67%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                     | CUSIP: 11861MBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $180389.63    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101627.05    | 0.03%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13033WLB7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10100000 | PA      | $10682097.34  | 3.40%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RCZ4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    475000 | PA      | $471315.43    | 0.15%             | 2062-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority/The                                          | CAMDEN CNTY NJ IMPT AUTH SCH REVENUE                         | CUSIP: 13281PAD9<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519858.20    | 0.17%             | 2062-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CCZ0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    615000 | PA      | $534160.46    | 0.17%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CFG9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    220000 | PA      | $191798.93    | 0.06%             | 2057-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505A63<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    440000 | PA      | $458662.03    | 0.15%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XK7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1630276.63   | 0.52%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XR2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1489391.29   | 0.47%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505ZL3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    740000 | PA      | $773561.89    | 0.25%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727C46<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1350205.59   | 0.43%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736V38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3418821.80   | 1.09%             | 2062-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                           | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS               | CUSIP: 179093LA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $70211.87     | 0.02%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                           | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS               | CUSIP: 179093LF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $565131.64    | 0.18%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO HSG & FIN AUTH MF TAX-EXEMPT MTGE-BACKED SECURITIES | CUSIP: 19648WAD9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    315000 | PA      | $320177.03    | 0.10%             | 2044-03-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | CMNTY DEV ADMIN MD MF DEV REVENUE                            | CUSIP: 20364NCJ4<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1363401.64   | 0.43%             | 2044-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DVR0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1100222.49   | 0.35%             | 2053-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Coppell Independent School District                                              | COPPELL TX INDEP SCH DIST                                    | CUSIP: 217489VN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10030000 | PA      | $8643302.35   | 2.75%             | 2030-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                              | CROWLEY TX INDEP SCH DIST                                    | CUSIP: 228130KH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $301231.62    | 0.10%             | 2053-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                | CUSIP: 2322655Q7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1805826.87   | 0.57%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                             | CUSIP: 25476FA57<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2107880.23   | 0.67%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF TAX EXEMPT MTGE BACKED BONDS | CUSIP: 25477UAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $759124.80    | 0.24%             | 2045-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp                           | DIST OF COLUMBIA TOBACCO SETTLEMENT FING CORP                | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6695000 | PA      | $6904892.94   | 2.20%             | 2040-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $894070.19    | 0.28%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $317534.02    | 0.10%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| East Point Business & Industrial Development Authority                           | EAST PT GA BUSINESS & INDL DEV AUTHORITY REVENUE             | CUSIP: 274502AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $160743.77    | 0.05%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   6980000 | PA      | $7844299.90   | 2.49%             | 2054-04-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority                                      | ESCAMBIA CNTY FL HLTH FACS AUTH                              | CUSIP: 296110GC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1071905.52   | 0.34%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE              | CUSIP: 30382VAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1469339.52   | 0.47%             | 2054-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UFB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    340000 | PA      | $321365.52    | 0.10%             | 2040-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074M3P4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1748280.08   | 0.56%             | 2049-01-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $701494.38    | 0.22%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                                | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2505335.79   | 0.80%             | 2046-10-01      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HOSP FACS REVENUE                           | CUSIP: 407272V34<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2679432.49   | 0.85%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414004MU2<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |  10915000 | PA      | $10030468.05  | 3.19%             | 2028-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005Y85<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    340000 | PA      | $337185.45    | 0.11%             | 2048-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009RR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2618095.18   | 0.83%             | 2052-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PDY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $756270.37    | 0.24%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PDZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $529112.99    | 0.17%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                    | HENRICO CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE          | CUSIP: 42605QHM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4643695.43   | 1.48%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                    | HENRICO CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE          | CUSIP: 42605QHN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1176324.44   | 0.37%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                    | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE              | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $879731.61    | 0.28%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI | CUSIP: 42934AAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $221137.85    | 0.07%             | 2042-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI | CUSIP: 42934AAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $411915.10    | 0.13%             | 2043-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE        | CUSIP: 43233KAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $496292.64    | 0.16%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442332DG4<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    810000 | PA      | $872804.24    | 0.28%             | 2043-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442332ED0<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    475000 | PA      | $508731.32    | 0.16%             | 2049-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442332EE8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1646620.11   | 0.52%             | 2051-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN NONPROFIT FACS REVENUE               | CUSIP: 45129GKN4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1541473.53   | 0.49%             | 2057-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN SALES TAX REVENUE                    | CUSIP: 45130ACR4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2144023.67   | 0.68%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MQB0<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1938718.31   | 0.62%             | 2043-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1970440.18   | 0.63%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153KB4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1438534.15   | 0.46%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153PJ2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    815000 | PA      | $847525.10    | 0.27%             | 2048-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   7020000 | PA      | $7026270.97   | 2.23%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGB1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    820000 | PA      | $884676.76    | 0.28%             | 2046-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGC9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    285000 | PA      | $306642.76    | 0.10%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                             | CUSIP: 4624677X3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1279609.07   | 0.41%             | 2049-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                             | CUSIP: 46247EBQ7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2559021.81   | 0.81%             | 2044-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1146608.87   | 0.36%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH MF                              | CUSIP: 48504RAA8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    893744 | PA      | $907920.63    | 0.29%             | 2042-09-01      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $772932.16    | 0.25%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1683968.25   | 0.54%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $517984.15    | 0.16%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $274336.71    | 0.09%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 611                         | LAS VEGAS NV SPL IMPT DIST #611                              | CUSIP: 51778CAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $918158.54    | 0.29%             | 2050-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                              | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841S80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1813176.72   | 0.58%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399RQ1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2327532.76   | 0.74%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                          | LOUISIANA STADIUM & EXPOSITION DIST LA                       | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1704564.01   | 0.54%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisville and Jefferson County Metropolitan Sewer District                      | LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS  | CUSIP: 5465892B7<br>LEI: 5493004O4I11L8BK0A22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087970.60   | 0.66%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BL33<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3188677.94   | 1.01%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4616934.96   | 1.47%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities                     | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1701790.96   | 0.54%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $342787.14    | 0.11%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marshall Independent School District                                             | MARSHALL TX INDEP SCH DIST                                   | CUSIP: 572682TH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $370883.53    | 0.12%             | 2045-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2286321.11   | 0.73%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YNB1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1793892.84   | 0.57%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BPB8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2963119.57   | 0.94%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BPD4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1593777.02   | 0.51%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BPE2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1772079.37   | 0.56%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mesquite Housing Finance Corp/The                                                | MESQUITE TX HSG FIN CORP MF HSG REVENUE                      | CUSIP: 590747AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2947329.74   | 0.94%             | 2044-02-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041YQ4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2383746.70   | 0.76%             | 2058-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue  | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920983R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $857514.34    | 0.27%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    670000 | PA      | $667052.13    | 0.21%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1167955.18   | 0.37%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DNW0<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3373164.41   | 1.07%             | 2050-10-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Miami FL                                                                 | MIAMI FL SPL OBLG                                            | CUSIP: 593490NG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1865659.68   | 0.59%             | 2048-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946954Q8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1226423.47   | 0.39%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $1419135.59   | 0.45%             | 2036-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP MF REVENUE                          | CUSIP: 60535NDQ7<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    495000 | PA      | $510226.55    | 0.16%             | 2042-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637B8G8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    175000 | PA      | $173516.56    | 0.06%             | 2049-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Mt San Antonio Community College District                                        | MOUNT SAN ANTONIO CA CMNTY CLG DIST                          | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1593549.61   | 0.51%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                     | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    199578 | PA      | $199109.74    | 0.06%             | 2040-10-20      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1757611 | PA      | $1752253.47   | 0.56%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1334862 | PA      | $1313918.08   | 0.42%             | 2051-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    467626 | PA      | $465867.91    | 0.15%             | 2041-01-20      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1132905.54   | 0.36%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3292663.91   | 1.05%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                       | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $735991.94    | 0.23%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1444491.03   | 0.46%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $493169.36    | 0.16%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365Q0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2737011.30   | 0.87%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $2853381.74   | 0.91%             | 2035-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5845000 | PA      | $3536113.36   | 1.12%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1489343.68   | 0.47%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                               | NEW YORK CNTYS NY TOBACCO TRUST VI                           | CUSIP: 64945JAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550529.76    | 0.18%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SMF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    255000 | PA      | $271735.34    | 0.09%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XX94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1237883.33   | 0.39%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GE42<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5670000 | PA      | $5522952.52   | 1.76%             | 2046-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GL85<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    310000 | PA      | $331924.66    | 0.11%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JAX6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1598113.56   | 0.51%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JPT9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    925000 | PA      | $962218.58    | 0.31%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B6M5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2863917.65   | 0.91%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSY3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110794.48    | 0.04%             | 2054-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 6589096Q4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    270000 | PA      | $272511.03    | 0.09%             | 2049-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    550000 | PA      | $613419.35    | 0.20%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WHD1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1059647.54   | 0.34%             | 2037-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WHG4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $3042583.25   | 0.97%             | 2045-09-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WXM3<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3831789.87   | 1.22%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 667826HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $945477.36    | 0.30%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111D27<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2090313.93   | 0.66%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                      | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001JU7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1009743.79   | 0.32%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LHL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4101055.20   | 1.30%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                   | CUSIP: 68608ENJ7<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2310370.24   | 0.73%             | 2043-11-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   5685000 | PA      | $6201702.26   | 1.97%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY MF HSG REVENUE                   | CUSIP: 708797BF1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1861542.59   | 0.59%             | 2042-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QTX1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1964497.42   | 0.62%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QWL3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   4390000 | PA      | $4409726.03   | 1.40%             | 2049-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917S6Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4542989.50   | 1.44%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1121189.96   | 0.36%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TTU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $978346.62    | 0.31%             | 2055-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1546948.64   | 0.49%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PMN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $897495.74    | 0.29%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                       | CUSIP: 72177MSV0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    685000 | PA      | $633831.25    | 0.20%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Preserve at South Branch Community Development District                          | PRESERVE AT S BRANCH CDD FL SPL ASSMNT REVENUE               | CUSIP: 74082PAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $435546.80    | 0.14%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396FT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    395000 | PA      | $338964.12    | 0.11%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    305000 | PA      | $251604.78    | 0.08%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $323570.48    | 0.10%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PPT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $587504.16    | 0.19%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4577000 | PA      | $4327562.65   | 1.38%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7050000 | PA      | $6847246.94   | 2.18%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $1265098.14   | 0.40%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    391000 | PA      | $369691.28    | 0.12%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $906477.54    | 0.29%             | 2040-07-01      | Fixed         | 4.33%                 | 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        |    349000 | PA      | $328198.34    | 0.10%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $489006.13    | 0.16%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Multifamily Mortgage Bonds                                                       | San Antonio Housing Trust Public Facility Corp               | CUSIP: 79626WAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $410429.79    | 0.13%             | 2043-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Public Facility Corp                                   | SAN ANTONIO TX HSG TRUST PUBLIC FAC CORP MF TAX EXEMPT BDS   | CUSIP: 79626WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $580687.50    | 0.18%             | 2043-04-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355M84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1287576.40   | 0.41%             | 2038-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355Q31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1193771.32   | 0.38%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                               | CUSIP: 802170AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $169948.01    | 0.05%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031ZN6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $907798.03    | 0.29%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    540000 | PA      | $575612.03    | 0.18%             | 2050-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1546464.34   | 0.49%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH EDUCTNL FACS REVENUE    | CUSIP: 83704MCH7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    505000 | PA      | $451055.40    | 0.14%             | 2062-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371514Y2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    900000 | PA      | $938259.81    | 0.30%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3400996.80   | 1.08%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    755000 | PA      | $805004.71    | 0.26%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3915000 | PA      | $4191065.05   | 1.33%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1184728.38   | 0.38%             | 2055-03-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE             | CUSIP: 873816AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $411703.92    | 0.13%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE             | CUSIP: 873816AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $533477.38    | 0.17%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa-Hillsborough County Expressway Authority                                   | TAMPA-HILLSBOROUGH CNTY FL EXPRESSWAY AUTH                   | CUSIP: 875301FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1921077.85   | 0.61%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Hospital District                                                 | TARRANT CNTY TX HOSP DIST                                    | CUSIP: 876387FC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1613608.13   | 0.51%             | 2053-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJK0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    325000 | PA      | $321586.30    | 0.10%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YCJ8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  10684998 | PA      | $9756461.06   | 3.10%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GVJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8955000 | PA      | $8269383.71   | 2.63%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                     | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845QA1<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   6034999 | PA      | $6141310.83   | 1.95%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5020000 | PA      | $5351783.35   | 1.70%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Fort Lauderdale FL Water & Sewer Revenue                                 | FORT LAUDERDALE FL WTR & SWR REVENUE                         | CUSIP: 347658ZY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7044999 | PA      | $7642694.18   | 2.43%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582R4D5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $10456569.51  | 3.32%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EJ49<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $10535936.50  | 3.35%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845SB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9499998 | PA      | $9942853.32   | 3.16%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                            | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                 | CUSIP: 64985TES6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   7999998 | PA      | $8342372.57   | 2.65%             | 2050-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GE75<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   9705000 | PA      | $10154278.42  | 3.23%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $10876204.48  | 3.46%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $11098386.49  | 3.53%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHA4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3972681 | PA      | $4146958.42   | 1.32%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GQL9<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3891807.93   | 1.24%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JNQ7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10432663.00  | 3.32%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GYN9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5840000 | PA      | $6168320.13   | 1.96%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JTR9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   8480000 | PA      | $8926993.52   | 2.84%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HDR5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4340000 | PA      | $4555578.65   | 1.45%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                 | CUSIP: 574294CV4<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   6014425 | PA      | $6257256.72   | 1.99%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                     | DE KALB CNTY GA WTR & SWR REVENUE                            | CUSIP: 240523F47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4418408 | PA      | $4628507.89   | 1.47%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6182430.00   | 1.97%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                     | DE KALB CNTY GA WTR & SWR REVENUE                            | CUSIP: 240523F47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5338036 | PA      | $5591865.78   | 1.78%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 88035RXD1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  12684998 | PA      | $13025391.59  | 4.14%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1707881.18   | 0.54%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3108758.70   | 0.99%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2761409.79   | 0.88%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KBC9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2450806.75   | 0.78%             | 2048-01-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Texas City Industrial Development Corp                                           | TEXAS CITY TX INDL DEV CORP INDL REVENUE                     | CUSIP: 882275AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $292655.72    | 0.09%             | 2045-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750XW7<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    540000 | PA      | $562685.62    | 0.18%             | 2054-01-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                    | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PJ88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1554746.21   | 0.49%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD REVENUE                                    | CUSIP: 88285AKD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1986869.84   | 0.63%             | 2055-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $811166.39    | 0.26%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2060204.49   | 0.66%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3709560.40   | 1.18%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                             | TOBACCO SETTLEMENT FING CORP VA                              | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1026556.13   | 0.33%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAB3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    230000 | PA      | $236171.89    | 0.08%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056027.00   | 0.34%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958829.30    | 0.30%             | 2058-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Two Lakes Community Development District                                         | TWO LAKES CDD FL SPL ASSMNT                                  | CUSIP: 90207EAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $543058.40    | 0.17%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TC76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $393479.91    | 0.13%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH                                        | CUSIP: 921626QH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $423619.18    | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $270820.48    | 0.09%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812U6J2<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100704.41    | 0.03%             | 2044-10-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812U6K9<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230466.30    | 0.07%             | 2049-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WGT5<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    505000 | PA      | $518421.94    | 0.16%             | 2052-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                    | VOLUSIA CNTY FL EDUCTNL FAC AUTH                             | CUSIP: 928836NY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $833442.94    | 0.26%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YDR7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1277720.68   | 0.41%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HF75<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1258483.15   | 0.40%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                             | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    442075 | PA      | $432370.27    | 0.14%             | 2050-03-01      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Waterbury Housing Authority                                                      | WATERBURY CT HSG AUTH MF HSG REVENUE                         | CUSIP: 941260AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $973225.62    | 0.31%             | 2042-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                          | WESTSIDE FL CDD SPL ASSMNT REVENUE                           | CUSIP: 96149TAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $254954.62    | 0.08%             | 2037-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                          | WESTSIDE FL CDD SPL ASSMNT REVENUE                           | CUSIP: 96149TAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $252063.14    | 0.08%             | 2038-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   6065271 | NS      | $6065877.99   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QSN7<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    430000 | PA      | $440577.10    | 0.14%             | 2043-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QTT3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2561867.45   | 0.81%             | 2050-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JJE4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    265000 | PA      | $272696.00    | 0.09%             | 2054-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Yosemite Community College District                                              | YOSEMITE CA CMNTY CLG DIST                                   | CUSIP: 987388DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6911497.00   | 2.20%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** BlackRock Municipal Income Quality Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer