# EDGAR Filing Document

**Accession Number:** 0000035373
**File Stem:** 0000035402-26-001159
**Filing Date:** 2026-2
**Character Count:** 204449
**Document Hash:** 8f73bbd51bd93eef70c87110f39ebf86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001159.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000035402-26-001159

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY MUNICIPAL TRUST
- **CENTRAL INDEX KEY:** 0000035373

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02628
- **FILM NUMBER:** 26670220

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNICIPAL BOND FUND/MA/
- **DATE OF NAME CHANGE:** 19860327

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19850503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY MUNICIPAL BOND FUND LTD
- **DATE OF NAME CHANGE:** 19770201

## Series and Classes Contracts Data

### Fidelity Conservative Income Municipal Bond Fund (Series ID: S000042537)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000131629 | Fidelity Conservative Income Municipal Bond Fund                  | FMNDX           |
| C000243072 | Fidelity Advisor Conservative Income Municipal Bond Fund: Class Z | FMNHX           |
| C000243073 | Fidelity Advisor Conservative Income Municipal Bond Fund: Class A | FMNFX           |
| C000243074 | Fidelity Advisor Conservative Income Municipal Bond Fund: Class I | FMNGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Municipal Trust

- **b. Investment Company Act file number:** 811-02628

- **c. CIK number of Registrant:** 0000035373

- **d. LEI of Registrant:** MC33ZH3HL1S8YN987650

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Conservative Income Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000042537

- **c. LEI of Series:** 549300Q02I54MSXQ2O87

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1853663109.08

**Total Liabilities:** $5204819.55

**Net Assets:** $1848458289.53

**Cash Not Reported:** $30900897.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15613.65755130 | **1-Year:** 66148.57663980 | **5-Year:** 40655.45321010 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 3272.23744104 | **1-Year:** 1757.93285275 | **5-Year:** 1257.54202470 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131629 | 0.15%                | 0.24%                | 0.36%                |
| Class ID C000243074 | 0.15%                | 0.24%                | 0.36%                |
| Class ID C000243072 | 0.15%                | 0.25%                | 0.37%                |
| Class ID C000243073 | 0.13%                | 0.23%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10418.72                | $-1865180.51                               |
| Month 2  | $8.86                    | $158560.22                                 |
| Month 3  | $321766.65               | $188953.25                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 3.85% MT @                                                        | CUSIP: 13048RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5798646.86   | 0.31%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                       | NE NUCOR 98 V7@                                                                | CUSIP: 854743AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625000.00    | 0.03%             | 2028-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2028 @                                                 | CUSIP: 592647LL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2469637.73   | 0.13%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANSP 2023-XF1649-LA Q=JPMC BK D7                                      | CUSIP: 88035G3V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4480000.00   | 0.24%             | 2045-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PMA LEVY and AID ANTIC NTS PROGRAM WIS                                             | WI PMA LEVY and AID 25B 9/24/26 TRAN                                           | CUSIP: 730146DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4064278.40   | 0.22%             | 2026-09-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECONOMIC DEV REV                                               | IN FIN ECON REP SERV 2012 MT@                                                  | CUSIP: 45505RBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5100141.27   | 0.28%             | 2028-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.375% MT                                                        | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1057101.41   | 0.06%             | 2034-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                 | HLTH BAPTIST AL 2013B V7                                                       | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2923000 | PA      | $2923000.00   | 0.16%             | 2042-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 5/1/2046 MT@                                                    | CUSIP: 605155BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5700064.98   | 0.31%             | 2046-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                               | AMERICAN MUN OH 5% 2/15/2026                                                   | CUSIP: 02765URM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3138430.97   | 0.17%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV AGY MULTI-FAMILY HSG REV                                  | MONRO NY 61075N 5% 7/1/2028                                                    | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    947000 | PA      | $974881.10    | 0.05%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | MIAMI-DADE CNTY FL SEAPORT 2021-XF2947-NUV AGM/BC D7@                          | CUSIP: 88034YND8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.09%             | 2045-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 4% MT                                                          | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3941663.50   | 0.21%             | 2052-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | AZ IDA MF HSG ROERS FLAGSTAFF 2023-MIZ9157 MZ/MZ D35                           | CUSIP: 60700HUK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905969 | PA      | $1905969.00   | 0.10%             | 2063-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 7/15/2026 @                                                      | CUSIP: 73358W5B6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2576531.99   | 0.14%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECONOMIC DEV REV                                               | IN FIN ECON VAR MT@                                                            | CUSIP: 45505RBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6200070.68   | 0.34%             | 2028-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.5% 6/1/2049 MT                                                | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1614198.04   | 0.09%             | 2049-06-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | COLORADO HEALTH(COMMONSPIRIT HE) 2022-XM1061-ALL Q=JPMC BANK DR7               | CUSIP: 88035DU37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5880000 | PA      | $5880000.00   | 0.32%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALBANY NY                                                                          | ALBANY CITY NY 3/20/26 BAN                                                     | CUSIP: 012429CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18300000 | PA      | $18338979.00  | 0.99%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5% 12/1/2027 @                                                  | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2932903.70   | 0.16%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX ISD                                                                      | DALLAS TX ISD 25A-1 G=PSF MT                                                   | CUSIP: 235308Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8823061.28   | 0.48%             | 2055-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                             | LA NUCOR 10B1 V7                                                               | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4270000 | PA      | $4270000.00   | 0.23%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5% 5/1/2026 @                                                    | CUSIP: 79766DVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3786905.43   | 0.20%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2026                                                    | CUSIP: 56035DGG1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354167.80    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2027 @                                                 | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4605754.31   | 0.25%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 2.80% 7/1/2057                                                  | CUSIP: 20775DUY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10995000 | PA      | $10994793.29  | 0.59%             | 2057-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                       | N MUNI PWR 5% 1/1/2027                                                         | CUSIP: 665444LC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $372693.03    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LIBERTY NY DEV CORP REV                                                            | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY                                  | CUSIP: 531127AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2578500 | PA      | $2578500.00   | 0.14%             | 2035-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                          | PORTLND OR ARPT 5% 7/1/2026                                                    | CUSIP: 735240U43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $364367.05    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                                 | CUSIP: 592647FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $838958.09    | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.7% MT                                                           | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1304211.14   | 0.07%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                       | DALLAS MHSG 5% MT                                                              | CUSIP: 235298BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1861000 | PA      | $1862863.98   | 0.10%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC INDL DEV REV                                                      | SC NUCOR 97 V7@                                                                | CUSIP: 084185DD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.16%             | 2030-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHFIELD MICH PUB SCHS                                                           | SOUTHFIELD MICH 5% 5/1/2026                                                    | CUSIP: 844215RA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1486089.64   | 0.08%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 5/1/2027 @                                                     | CUSIP: 735389C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2679803.67   | 0.14%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                         | NEW YORK AUTH 5% 11/1/2027                                                     | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5895000 | PA      | $6152022.59   | 0.33%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SULLIVAN WEST CENT SCH DIST NY                                                     | SULLIVAN WEST NY CSD 6/25/26 BAN                                               | CUSIP: 865353DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7233405.84   | 0.39%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2027@                                                        | CUSIP: 795576MF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2614819.00   | 0.14%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2027 @                                                     | CUSIP: 5444453F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5939220.50   | 0.32%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 8/1/2029                                                     | CUSIP: 09182TFE2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1275941.16   | 0.07%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                               | ITHACA CITY NY 7/17/26 BAN                                                     | CUSIP: 465650U80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2616726.84   | 0.14%             | 2026-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | NASHVILLE and DAVIDSON TN HLTH and EDUC EWING HGTS 2024-MIZ9163 MZ/MZ D35      | CUSIP: 60700HVD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540658 | PA      | $1540658.00   | 0.08%             | 2062-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| DECATUR AL INDL DEV BRD EXEMPT                                                     | AL NUCOR 03A V7@                                                               | CUSIP: 242846AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9426000 | PA      | $9426000.00   | 0.51%             | 2036-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.65% MT                                                         | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3602012.04   | 0.19%             | 2034-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| POLK CO FL HSG FIN AUTH MFH RV                                                     | POLK CO FL HFA 4.15% MT                                                        | CUSIP: 731903BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1296000 | PA      | $1301148.10   | 0.07%             | 2040-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                          | DALLAS TX 5% 2/15/2026                                                         | CUSIP: 235219VZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9495000 | PA      | $9521962.00   | 0.52%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FLA HSG FIN AUTHMULTIFAMILY HSG REV                                  | ESCAM FL 3.8% MT                                                               | CUSIP: 296121FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4413917.20   | 0.24%             | 2027-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                        | NYC TFA - PIT 13C-4 Q=JP V1+                                                   | CUSIP: 64971QV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6300000.00   | 0.34%             | 2036-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.8% MT                                                           | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1890377.15   | 0.10%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                           | ARGYLE TX ISD 4% G=PSF 8/15/2057 MT                                            | CUSIP: 040319X26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2882147.56   | 0.16%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                 | BROW CO FL ARPT 5% 10/1/2028 @                                                 | CUSIP: 114894XH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284600.61    | 0.02%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                      | ST JOHN BAP REV 4.05% MT                                                       | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4139353.80   | 0.22%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 4.25% MT@                                                         | CUSIP: 13048RAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700019.38   | 0.09%             | 2046-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                       | CITY OF DALLAS HOUSING FINANCE CORPORATION 2023 5% 7/1/2042                    | CUSIP: 235298BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1982000 | PA      | $2021248.95   | 0.11%             | 2042-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 5% 12/1/2026 @                                                   | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3225938.43   | 0.17%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NJ TRANSP FD 2021-XM0929-MST Q=JPMC BK D7                                      | CUSIP: 88034XXV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4535000.00   | 0.25%             | 2050-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV                           | COLUMBUS HSG RE 5% 7/1/2045 MT                                                 | CUSIP: 19910XAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1333000 | PA      | $1351523.90   | 0.07%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 12/1/2026 @                                                      | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5495000 | PA      | $5593126.96   | 0.30%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                     | YUMA AZ HOSP 5% 8/1/2026                                                       | CUSIP: 988514CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1139041.01   | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                        | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9700000 | PA      | $9698642.97   | 0.52%             | 2041-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                       | SC PORT AUTH 5% 7/1/2027@                                                      | CUSIP: 837123JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $174909.31    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | MD MF HSG WOODINGTON GARDENS 2024-XF3222-AMR MZ/MZ D7                          | CUSIP: 88035HK96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2810000.00   | 0.15%             | 2054-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA MF HSG FIN AGY 2023-XF3127-AMR MZ/MZ D7                                     | CUSIP: 88035F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1755000.00   | 0.09%             | 2030-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA SOLID WASTE REPUBLIC SEVICES 21B MT@                                        | CUSIP: 13048RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3199783.68   | 0.17%             | 2051-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAINT LOUIS MO IDA HAWKINS VILLAGE APTS 2023-MIZ9153 MZ/MZ D35                 | CUSIP: 60700HTX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1969501 | PA      | $1969501.00   | 0.11%             | 2063-10-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE CM HSP                                                     | NC MED CARE HSP 5% MT                                                          | CUSIP: 65820HN90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2529178.88   | 0.14%             | 2051-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ALABAMA HSG FIN AU MF HSG REV                                                      | AL HFA MFH RV 5% MT                                                            | CUSIP: 01030PGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2781138.12   | 0.15%             | 2029-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NAVARRO TEX INDPT SCH DIST                                                         | NAVARRO ISD 4% 2/15/28 MT                                                      | CUSIP: 639285SW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3388327.47   | 0.18%             | 2062-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2026                                                         | CUSIP: 2510936G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1307355.01   | 0.07%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 5% 1/1/2027                                                     | CUSIP: 45204FG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2357446.18   | 0.13%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FLA TRANSN REV                                                        | OSCEOLA FL TRAN 0% 10/1/2027                                                   | CUSIP: 688031EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $337202.10    | 0.02%             | 2027-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                      | HONOLULU HI MFR 5% 12/1/2026 MT                                                | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3506882.30   | 0.19%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7                                      | CUSIP: 88035DDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4445000.00   | 0.24%             | 2043-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35                               | CUSIP: 60700HQD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13246483 | PA      | $13246483.00  | 0.72%             | 2062-10-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                      | BLACK BELT ALAB 4% MT                                                          | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3614530.00   | 0.20%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OLATHE KS                                                                          | OLATHE KS 2.50% 10/1/2027                                                      | CUSIP: 679384KP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $713085.05    | 0.04%             | 2027-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY and CNTY HSG AUTH MULTIFAMILY HSG REV                             | DENVE CO 24917Q 5% 6/1/2029                                                    | CUSIP: 24917QBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $766541.25    | 0.04%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                      | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1321260 | PA      | $1321260.00   | 0.07%             | 2062-08-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                           | MARICOPA IDA 5% MT                                                             | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2405206.14   | 0.13%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | TAMPA FL INTL ARPT 2024-XF1740-MFS Q=JP D7@                                    | CUSIP: 88035JME9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5005000.00   | 0.27%             | 2054-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO IL O'HARE ARPT 2025-XF8113-PUT Q=JP D1@                                | CUSIP: 88035TEX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2150000.00   | 0.12%             | 2055-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                   | NYC NY 5% 8/1/2028                                                             | CUSIP: 64966SKE5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  11545000 | PA      | $12265839.78  | 0.66%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                          | ILLINOIS HDA MU 5% 2/1/2027 MT                                                 | CUSIP: 45203LEL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    893000 | PA      | $894337.00    | 0.05%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5.25% 11/15/2026                                                | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3230926.00   | 0.17%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                 | INDIANAPOLIS BK 5% 1/1/2027 @                                                  | CUSIP: 45528VAY5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1361166.53   | 0.07%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 7/1/2026                                                            | CUSIP: 62620HET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $232847.24    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 7/1/2029 @                                                     | CUSIP: 7353892A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10415000 | PA      | $11112404.02  | 0.60%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH TAX                                                   | DETROIT DWNTWN 5% 7/1/2026                                                     | CUSIP: 251135HB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404353.84    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 3/1/2026                                                    | CUSIP: 56035DGF3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    430000 | PA      | $431221.89    | 0.02%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                       | CT SPEC TAX 5% 5/1/2026                                                        | CUSIP: 207758B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $811540.38    | 0.04%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO LTD PPTY TAX SUPPORTED REV                                | PARK CREEK ME 5% 12/1/2027                                                     | CUSIP: 700385BP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043345.40   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV EDA SLD WAST 3.3% MT @                                                      | CUSIP: 95648VBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2985000 | PA      | $3007681.52   | 0.16%             | 2041-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 3.2% 7/1/2037 MT                                                | CUSIP: 20775DVU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1854733.97   | 0.10%             | 2037-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INCSTUDENT LN PROG REV                                   | BRAZOS TEX HIGH 5% 4/1/2027@                                                   | CUSIP: 10623ACT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508453.40    | 0.03%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                             | PORT OAKLAND CA 5% 5/1/2026 @                                                  | CUSIP: 735000UW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5038.67      | 0.00%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE CNTY ILL REV                                                                  | IL GLENWOOD SCH 93 L=NT V7                                                     | CUSIP: 483870AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.01%             | 2028-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2027                                                     | CUSIP: 96023PNJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516400.40    | 0.03%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV                            | WISE VA IDA SW 3.8% MT                                                         | CUSIP: 977228AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1836784.54   | 0.10%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC INDL DEV REV                                                      | SC NUCOR 95 V7@                                                                | CUSIP: 084185DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.04%             | 2028-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CO ST COMMONSPIRIT HLTH 2022-XM1059-ALL Q=JPMC BK D7                           | CUSIP: 88035DT54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3635000.00   | 0.20%             | 2042-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                   | NEW JERSEY ECN 5% 3/1/2026                                                     | CUSIP: 64577XEN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $3458056.55   | 0.19%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                            | MIAMI-DADE SLW 4.50% 11/1/2048 MT @                                            | CUSIP: 59333GAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500627.75   | 0.41%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL IDR                                                                | FL PWR and LT - NEXTERA 15 V7@                                                 | CUSIP: 115034BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.10%             | 2045-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV EDA SLD WAST 3.7% MT                                                        | CUSIP: 95648VBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3980000 | PA      | $4052730.52   | 0.22%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 5% 7/15/2026                                                             | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026598.40   | 0.11%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 11/1/2026                                                             | CUSIP: 452152Q61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $946855.69    | 0.05%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2026                                                   | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    195000 | PA      | $198004.95    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.78% MT                                                         | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $876807.58    | 0.05%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY 2022-XF3073-NUV Q=MO D7                                   | CUSIP: 88035EPR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19700000 | PA      | $19700000.00  | 1.07%             | 2053-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | VA NATL SENIOR CAMPUS BC22-028 BC/BC DR42                                      | CUSIP: 76252PVB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.06%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSON ST UNIV EDL BLDG CORP MS REV                                               | JACKSON ST UNIV .80% 3/1/2028                                                  | CUSIP: 468714FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4524810.64   | 0.24%             | 2028-03-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2026                                                    | CUSIP: 56035DEU2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    430000 | PA      | $435120.44    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                        | KY NUCOR 20A1 V1@                                                              | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13115000 | PA      | $13115000.00  | 0.71%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                | MIAMI-DADE MFH 3.55% MT                                                        | CUSIP: 593344BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2965000.00   | 0.16%             | 2027-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                          | JEFF AL W+S 5% 10/1/2026                                                       | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $553200.72    | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                     | ALLEG PA ARPT 5% 1/1/2027 @                                                    | CUSIP: 01728LGL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $552244.93    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2026                                                              | CUSIP: 452153JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $589183.86    | 0.03%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2028                                                     | CUSIP: 96023PPN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054819.20   | 0.06%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2026 @                                                  | CUSIP: 717817XG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $641285.74    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                     | ALLEG PA ARPT 5% 1/1/2027 @                                                    | CUSIP: 01728LER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $668746.88    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CO NY                                                                   | WASHINGTON CNTY NY 3/20/26 BAN                                                 | CUSIP: 938123HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4110832.20   | 0.22%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                     | GEISINGER PA 5% 4/1/2043 MT                                                    | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4029448.36   | 0.22%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BRIGHTLINE FL PASSENGER RAIL 2024-XG0577-NUV E-AGM(BC)/BC D1@                  | CUSIP: 88035HZ74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5300000.00   | 0.29%             | 2053-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 3.65% MT@                                                           | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14500000 | PA      | $14500000.00  | 0.78%             | 2044-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | OMAHA NE ARPT 2024-XG0593-MST E-AGC/Q=BA D7@                                   | CUSIP: 88035JY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9430000 | PA      | $9430000.00   | 0.51%             | 2049-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.50% 6/1/2026                                                  | CUSIP: 09182TCU9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    570000 | PA      | $574743.48    | 0.03%             | 2026-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 5% 11/15/2026                                                    | CUSIP: 59261ANH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1296382.85   | 0.07%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 12/1/2027                                                   | CUSIP: 74440DFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $237526.04    | 0.01%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                             | PORT OAKLAND CA 5% 5/1/2026 @                                                  | CUSIP: 735000VG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1751583.18   | 0.09%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 6/1/2027                                                     | CUSIP: 97712JPS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $874075.83    | 0.05%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HIGHER ED STUDENT LN CORP STUDENT LN REV                                  | KY STUD LN 23-1A1 L=BA V7@                                                     | CUSIP: 49130NGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $2990000.00   | 0.16%             | 2043-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                             | PA THO JFFRSN U 17B RFLOAT7                                                    | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4165000.00   | 0.23%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                                             | MI STRAT FND 3.35% MT@                                                         | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5532386.93   | 0.30%             | 2049-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONS INDPT SCHL DIST                                                       | HAYS TX ISD 5% 2/15/2026                                                       | CUSIP: 4211106K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $446263.62    | 0.02%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO IL OHARE ARPT 2025-ZF1980-BLK Q=JP D7@ - for cash                      | CUSIP: 88035PU55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500000.00   | 0.41%             | 2059-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                   | OH UNIV HOSP HLTH SVCS 15B V7                                                  | CUSIP: 67756CCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5005000.00   | 0.27%             | 2045-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 6/1/2026                                                    | CUSIP: 74440DFE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $352531.52    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUERO TX INDEPENDENT SCHOOL DISTRICT                                               | CUERO TX INDEPE 5% 8/15/2026                                                   | CUSIP: 229831HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1258060.10   | 0.07%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                                                                         | REDMOND OR 5% 6/1/2029@                                                        | CUSIP: 757657YZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1122486.77   | 0.06%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 10/15/2027 @                                                     | CUSIP: 73358XBY7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1494870.27   | 0.08%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KINGSPORT TENN INDL DEV BRD COLLATERALIZED MULTIFAMILY HSG REV                     | KINGSPORT TE 2.95% MT                                                          | CUSIP: 496451AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5210000 | PA      | $5198546.34   | 0.28%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EAST HAMPTON NY UN FREE SH DIS                                                     | EAST HAMP NY SD 2.10% 6/1/2027                                                 | CUSIP: 272718GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1257338.58   | 0.07%             | 2027-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 6/1/2028                                                    | CUSIP: 74440DFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $489052.01    | 0.03%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WALKER CNTY AL ECONOMIC and INDL DEV AUTH SOLID WASTE DISP REV                     | AL PWR - SOUTHERN CO 07 V1@                                                    | CUSIP: 931542AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.19%             | 2036-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                       | ARIZONA ST INDL 2.76% MT                                                       | CUSIP: 04062PDH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4447737.20   | 0.24%             | 2047-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2027 @                                                 | CUSIP: 9445142R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3265369.79   | 0.18%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 5% 1/1/2028 @                                                    | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6810000 | PA      | $7053698.57   | 0.38%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                          | HOUSTON TX MF 5% 8/1/2041                                                      | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1084696.60   | 0.06%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                     | OK INTEGRIS HLTH 20B V7                                                        | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7425000 | PA      | $7425000.00   | 0.40%             | 2031-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR MT 11/1/2048                                                      | CUSIP: 121342QK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $733066.29    | 0.04%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS_HFA 3.375% MT                                                              | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8340000 | PA      | $8341378.60   | 0.45%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA MFH FOUNTAIN PK 2025-MIZ9233 MZ/MZ D35@                                     | CUSIP: 60700HP29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16000000.00  | 0.87%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5% 5/1/2027 @                                                    | CUSIP: 79766DSL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3910891.09   | 0.21%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                              | MET NASH AIR TN 5% 7/1/2026 @                                                  | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $434256.48    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2027                                                              | CUSIP: 452153JJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $416489.24    | 0.02%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | MET PIER and EXPO 0% 6/15/2026                                                 | CUSIP: 592248AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $710569.08    | 0.04%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2026 @                                                       | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $641788.91    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                                     | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7                              | CUSIP: 52350LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11500000.00  | 0.62%             | 2049-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SLD DISP WST REV                                                     | IA MIDAMERICAN - BRK 08A V7@                                                   | CUSIP: 46245EAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1970000.00   | 0.11%             | 2038-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EAST SYRACUSE-MINOA NY CENT SD                                                     | E SYRACUSE MINOA NY CSD 6/25/26 BAN                                            | CUSIP: 275443EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5930662.30   | 0.32%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2028                                                              | CUSIP: 452153JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $702525.55    | 0.04%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2029@                                                  | CUSIP: 052398JB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2320499.27   | 0.13%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2026 @                                                 | CUSIP: 052398HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $468083.53    | 0.03%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                               | MICHIGAN FIN AU 5% 4/15/2026                                                   | CUSIP: 59447T3F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3029192.96   | 0.16%             | 2026-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                          | JEFF AL W+S 5% 10/1/2027                                                       | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517574.55    | 0.03%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                                 | CUSIP: 592647LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1271148.63   | 0.07%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES and TERMINAL REVENUE                                          | GALVESTON TX ST 5.25% 8/1/2027 @                                               | CUSIP: 364568HX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $323246.48    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2027                                                         | CUSIP: 2510936H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1397047.88   | 0.08%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CO FL SLDWST RECV                                                     | HILLSBOROUGH CNTY SOLID WASTE 5% 9/1/2026                                      | CUSIP: 432342DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1452087.98   | 0.08%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEWISBURG TENN INDL DEV BRD SO LID WASTE DISP REV                                  | LEWSBRG TN (WSTE MGT) MT@                                                      | CUSIP: 528236AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1150137.08   | 0.06%             | 2035-07-02      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CO ST COMMONSPIRIT HLTH 2022-XM1060-ALL Q=JPMC BK D7                           | CUSIP: 88035DT96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.32%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC                                                                 | CUMBERLAND CNTY NC PRJ AERO PRE MT@                                            | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3497577.30   | 0.19%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2026                                                              | CUSIP: 452153FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2558334.74   | 0.14%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 6/1/2028                                                     | CUSIP: 97712JPT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $823325.27    | 0.04%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                     | PHX CVC APT REV 5% 7/1/2026 @                                                  | CUSIP: 71883MQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1166890.61   | 0.06%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 4.6% 10/1/2046 MT @                                                 | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15885000 | PA      | $15939534.79  | 0.86%             | 2046-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2027                                                       | CUSIP: 645021CR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $429869.33    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                               | ITHACA CITY NY 2/13/26 BAN                                                     | CUSIP: 465650U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7807518.42   | 0.42%             | 2026-02-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 10/15/2027 @                                                     | CUSIP: 73358XRA2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2063852.04   | 0.11%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                     | DFW ARPT 5% 11/1/2027 @                                                        | CUSIP: 23503CFN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5835000 | PA      | $6051040.88   | 0.33%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                         | PROSPER TX ISD 4% 2/15/2050 MT                                                 | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1058306.66   | 0.06%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FLA TRANSN REV                                                        | OSCEOLA FL TRAN 0% 10/1/2026                                                   | CUSIP: 688031EF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $267409.78    | 0.01%             | 2026-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SLD WASTE                                                      | PFA WI SD WSTE 1.53% SER A-3 MT@                                               | CUSIP: 74445MAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5350637.72   | 0.29%             | 2027-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CALIFORNIA MUN 4.125% MT                                                       | CUSIP: 13048RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8150000 | PA      | $8174573.88   | 0.44%             | 2041-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLARK NV POLLUTN CTL REV                                                           | CLARK CO NV PCR 3.75% MT                                                       | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $910996.72    | 0.05%             | 2036-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                        | KY NUCOR 20B1 V1@                                                              | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22185000 | PA      | $22185000.00  | 1.20%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                    | WA HFC MF 5% MT                                                                | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1407000 | PA      | $1417919.02   | 0.08%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 5% 7/1/2028 @                                                  | CUSIP: 04780M2J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3894298.84   | 0.21%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | LOS ANGELES CA MF MTG REV 2025-MIZ9221 MZ/MZ D35                               | CUSIP: 60700HH77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10550000 | PA      | $10550000.00  | 0.57%             | 2028-08-04      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| BINGHAMTON NY                                                                      | BINGHAMTON CITY NY 4/10/26 BAN                                                 | CUSIP: 0904912K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16200000 | PA      | $16243312.32  | 0.88%             | 2026-04-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HARTFORD NY CENT SCH DIST                                                      | NEW HARTFORD NY CSD 6/25/26 BAN                                                | CUSIP: 644894QB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3320542.83   | 0.18%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PENNSYLVANIA ECONOMIC DEV FINGAUTH SOLID WASTE DISP REV VAR-REF-REP SVCS INC-B | CUSIP: 708692BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1199993.28   | 0.06%             | 2030-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BOX ELDER CNTY UTAH POLLUTION CTL REV                                              | BOX ELDER CNTY UTAH POLLUTION CTL REV VAR-REF-NUCOR CORP PROJ                  | CUSIP: 103160AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.06%             | 2028-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                       | MAIKER HSG PART 4.5% MT                                                        | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2017000 | PA      | $2031365.48   | 0.11%             | 2042-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                     | DUVAL FL SD COP 5% 7/1/2026                                                    | CUSIP: 267169GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3151873.81   | 0.17%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 1.625% MT                                                         | CUSIP: 67756DVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $722311.62    | 0.04%             | 2034-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | TX DFW ARPT 2025-XL0705-MFS Q=BA D7@                                           | CUSIP: 88035RQ80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4400000.00   | 0.24%             | 2050-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 5/1/2028                                                     | CUSIP: 09182TFU6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    580000 | PA      | $601521.07    | 0.03%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH MF HSG REV                                                 | NM MTG MHSG REV 3/1/26 MT                                                      | CUSIP: 64719HEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3698000 | PA      | $3696037.47   | 0.20%             | 2042-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWALPROJ REV                | SOUTHERN CFA 5% MT                                                             | CUSIP: 842469DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2663800.27   | 0.14%             | 2053-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG MULTIFAMILYHSG REV                                              | MONTANA ST BRD HSG 3.32% MT                                                    | CUSIP: 61212VAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4940000 | PA      | $4967660.05   | 0.27%             | 2046-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                           | MINNESOTA ST HS 5% 8/1/2026                                                    | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1094349.74   | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING CORP                                                             | LOOP COMMONS 3.75% MT                                                          | CUSIP: 54627CBU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012677.40   | 0.11%             | 2028-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.85% 1/1/2027                                                   | CUSIP: 64469MQM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1085019.52   | 0.06%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 7/1/2028                                                     | CUSIP: 20775DYE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4030703.70   | 0.22%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                     | IOWASTUD LIQUID 5% 12/1/2026 @                                                 | CUSIP: 462590NR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $385374.91    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO LTD PPTY TAX SUPPORTED REV                                | PARK CREEK ME 5% 12/1/2028                                                     | CUSIP: 700385BQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1011616.15   | 0.05%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 1.75% 8/1/2038 MT @                                                 | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7900000 | PA      | $7912813.80   | 0.43%             | 2038-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | LYNCHBURG VA EDA CENTRA HLTH 2018-XL0075-NUV Q=JPMC BK D7                      | CUSIP: 88034MXT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.01%             | 2055-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BRIGHTLINE FL PASSENGER RAIL 2024-XF1704-NUV E-AGM(RC)/RC D7@                  | CUSIP: 88035HZ25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25300000 | PA      | $25300000.00  | 1.37%             | 2053-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO LTD PPTY TAX SUPPORTED REV                                | PARK CREEK ME 5% 12/1/2026                                                     | CUSIP: 700385BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509797.20    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 3.20% 5/1/2026                                                     | CUSIP: 677525WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3716579.09   | 0.20%             | 2026-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 3.95% MT@                                                       | CUSIP: 605155BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5400061.56   | 0.29%             | 2055-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2027 @                                                     | CUSIP: 5444452G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4180000 | PA      | $4295145.62   | 0.23%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                             | CO MESIVTA GRTR LA 04 L=DB V7                                                  | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $630000.00    | 0.03%             | 2029-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 5/1/50 MT@                                                      | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10001356.00  | 0.54%             | 2050-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | LA HSG CORP REV 2025-XF3347-AMR MZ/MZ D7                                       | CUSIP: 88035MS55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.08%             | 2042-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 11/1/2027                                                             | CUSIP: 452152P96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $982063.37    | 0.05%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA WTR and SWR AU                                                   | DC W and S 3% MT                                                               | CUSIP: 254845TJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $848508.58    | 0.05%             | 2057-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5% 12/1/2026                                                        | CUSIP: 8371515X3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2418360.56   | 0.13%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                              | MET NASH AIR TN 5% 7/1/2027 @                                                  | CUSIP: 592190QG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $668664.95    | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING CORP                                                             | RIDGE COMMONS COLLAT SOFT PUTS 3.75% MT                                        | CUSIP: 54627CBV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1139321.37   | 0.06%             | 2028-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 1.20% MT                                                            | CUSIP: 708692BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4550103.74   | 0.25%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | SC CONWAY HOSP BC22-019 BC/BC DR42                                             | CUSIP: 76252PTY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.13%             | 2047-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                           | HUMBLE TX ISD 5% 2/15/2026                                                     | CUSIP: 445047NF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3835908.14   | 0.21%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2028                                                              | CUSIP: 0117706D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $446527.20    | 0.02%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                 | HOUSTON TX HOTS 5% 9/1/2026                                                    | CUSIP: 44237NGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $956536.31    | 0.05%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 7/1/2027                                                     | CUSIP: 20775DYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2998360.75   | 0.16%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2029@                                                   | CUSIP: 717817YJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $3023870.40   | 0.16%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                       | HAMILTON OH SWR 5% 12/1/2027                                                   | CUSIP: 407288H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $528432.51    | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTA FE CNTY N MEX MULTIFAMILY REV                                                | SANTA NM 3.29% 12/10/2049 MT                                                   | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5660000 | PA      | $5686456.54   | 0.31%             | 2049-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 6/1/2027                                                    | CUSIP: 74440DFG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $614393.52    | 0.03%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP MLTFMY RV                                                     | FL HFC MF 3.8% 6/1/2042 MT                                                     | CUSIP: 34073JVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1533014.87   | 0.08%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2052 MT                                                | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1866731.04   | 0.10%             | 2052-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2028@                                                   | CUSIP: 64763HLZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4410000 | PA      | $4572149.09   | 0.25%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.50% 6/1/2027                                                  | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    245000 | PA      | $252079.72    | 0.01%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                    | KY ST PROP 5% 4/1/2028                                                         | CUSIP: 49151F4P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106613.00   | 0.11%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                      | NJ ST HMFA MF1 2.85% 11/1/2026                                                 | CUSIP: 6461087L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4061976.00   | 0.22%             | 2026-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BLYTHEVILLE AR INDL DEV REV                                                        | AR NUCOR 98 V7@                                                                | CUSIP: 096490BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.17%             | 2028-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE CNTY WI ARPT REV                                                         | MILWAUKEE WI AR 5% 12/1/2026 @                                                 | CUSIP: 602248LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $518598.19    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2027 @                                                       | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $612526.50    | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV                            | FL INSURANCE 2023 A2 Q=FL V7                                                   | CUSIP: 34074EAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24940000 | PA      | $24940000.00  | 1.35%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                             | LA NUCOR 10A1 V7                                                               | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40035000 | PA      | $40035000.00  | 2.17%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                         | NATIONAL FN AT 4.25% MT@                                                       | CUSIP: 63608RAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11960000 | PA      | $12022770.86  | 0.65%             | 2027-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 25B1 7/1/26@                                                   | CUSIP: 04780M2G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1697128.94   | 0.09%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FARMINGTON N Y                                                                     | FARMINGTON TWN NY 7/29/26 BAN                                                  | CUSIP: 311459ED9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6615525.18   | 0.36%             | 2026-07-29      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                    | GA PWR - SOUTHERN CO 22-2 V1@                                                  | CUSIP: 06964KAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9800000 | PA      | $9800000.00   | 0.53%             | 2062-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                           | HUMBLE TX ISD 0% 2/15/2028                                                     | CUSIP: 445047NH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5987875.08   | 0.32%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                    | PHILA PA 5% 8/1/2028                                                           | CUSIP: 717813C31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059295.90   | 0.06%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.25% 6/1/2026                                                  | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    780000 | PA      | $785694.47    | 0.04%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SCH BRD COP                                                          | PASCO FL SB COP 5% 8/1/2026                                                    | CUSIP: 702528MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $674190.90    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                          | ILLINOIS HDA MU 0% 2/1/2027                                                    | CUSIP: 45203LEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    966000 | PA      | $967728.17    | 0.05%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN IL DA SLD WST DIS                                                     | SW IL WSTE MGMT 02 L=JP V7@                                                    | CUSIP: 84552KAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.16%             | 2027-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA MFH BELMONT STA 2025-MIZ9232 MZ/MZ D35@                                     | CUSIP: 60700HN70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5800000.00   | 0.31%             | 2028-10-08      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 10/1/2027 @                                                    | CUSIP: 735389XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $637757.04    | 0.03%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE(MO) 5.25% 6/1/29MT 53                                           | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  12165000 | PA      | $12843845.93  | 0.69%             | 2053-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                | ORANGE CNTY FL 0% 11/15/2052                                                   | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1850685.99   | 0.10%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PRT ARTHR TX MTVA10E Q=SELF V7                                                 | CUSIP: 735220AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.14%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                     | CUSIP: 5444452F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7220000 | PA      | $7281120.19   | 0.39%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 3.125% 11/1/2040 AMT                                              | CUSIP: 130536QW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6855436.16   | 0.37%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 1/1/2028                                                            | CUSIP: 62620HJF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045471.70   | 0.06%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                     | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2304343.44   | 0.12%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV NUCOR 25A-1 V7@                                                             | CUSIP: 95648VBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.18%             | 2065-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 2/1/27                                                                | CUSIP: 452152G88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7771080.56   | 0.42%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 5% 9/1/2026                                                              | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7990000 | PA      | $8121679.20   | 0.44%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                             | NEW HAMPSHIRE H 5.50% 11/1/2026 @                                              | CUSIP: 64461XHV0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    190000 | PA      | $193298.67    | 0.01%             | 2026-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                     | ROCKPORT IN PCR 3.7% 6/1/2047 MT                                               | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4955000 | PA      | $5056292.09   | 0.27%             | 2047-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ORANGE TWP NJ                                                                      | ORANGE TWP CITY ESSEX CNTY NJ 3/18/26 BAN                                      | CUSIP: 685312NP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8388185 | PA      | $8407221.15   | 0.45%             | 2026-03-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VA ST HSG DEV FD MULTIFAMILY HSG REV                                          | WEST VA ST HSG 5% MT                                                           | CUSIP: 956629AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3247368.29   | 0.18%             | 2027-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                      | W HAVEN CITY CT 3/26/26 BAN                                                    | CUSIP: 9531402P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1804945.32   | 0.10%             | 2026-03-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                    | KY ST PROP 5% 4/1/2027                                                         | CUSIP: 49151F4N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $432662.20    | 0.02%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                         | VT STUD LN 5% 6/15/2026 @                                                      | CUSIP: 92428CKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1087509.67   | 0.06%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 5% 5/1/2026                                                       | CUSIP: 67756DVT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $704543.56    | 0.04%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 2.95% MT                                                        | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $980509.92    | 0.05%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 3.375% 9/1/2050 @                                                 | CUSIP: 13048RAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2068230.32   | 0.11%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                               | FL MHSG 5% MT                                                                  | CUSIP: 34074HGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6098994.11   | 0.33%             | 2026-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2027 @                                                   | CUSIP: 167562RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $646755.44    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                         | VT STUD LN 5% 6/15/2026@                                                       | CUSIP: 92428CLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $780388.89    | 0.04%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                       | MILWAUKEE 5% 4/1/2026                                                          | CUSIP: 602366C61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1110516.38   | 0.06%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS HFA 3.8% MT                                                                | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1170432.20   | 0.06%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA MFH TERESINA APTS BAML25-6045 BA/BA D1@                                     | CUSIP: 88035MAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18250000 | PA      | $18250000.00  | 0.99%             | 2036-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2026                                                              | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $963571.42    | 0.05%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAN FRAN C and C MFH 1601 MARIPOSA APTS 2022-MIZ9095 MZ/MZ D35                 | CUSIP: 60700HLU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10391875 | PA      | $10391875.00  | 0.56%             | 2057-07-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                           | SAN DIEGO ARPT 5% 7/1/2028 @                                                   | CUSIP: 79739GSK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1737054.83   | 0.09%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                            | OKLAHOMA ST IND 5% 4/1/2028                                                    | CUSIP: 67910FAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5392448.64   | 0.29%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                     | NJ EDA REV 5.25% 9/1/26                                                        | CUSIP: 64577B6K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1871983.62   | 0.10%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 10/15/2026 @                                                     | CUSIP: 73358XQZ8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2639793.52   | 0.14%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2028                                                    | CUSIP: 93978HB61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4837503.06   | 0.26%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2027                                                    | CUSIP: 93978HB53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4641278.85   | 0.25%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                      | WI HSG EDA 3.875% MT                                                           | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1065503.43   | 0.06%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 2.15% MT@                                                           | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4751499.31   | 0.26%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2028 @                                                 | CUSIP: 9445142S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $8146049.80   | 0.44%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                    | PHILA PA 5% 8/1/2027                                                           | CUSIP: 717813C23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3686297.17   | 0.20%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 4.25% 6/1/2048 MT @                                             | CUSIP: 605155BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2816251.48   | 0.15%             | 2048-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW SIFMA+40 MT @                                                       | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7450000 | PA      | $7455739.48   | 0.40%             | 2041-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                  | NJ HLTH CARE FA 5% 9/15/2026                                                   | CUSIP: 64579XEM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2475448.76   | 0.13%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT EVERGLADES                                                    | BROWARD FL PORT 5% 9/1/2027 @                                                  | CUSIP: 11506KGJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1303549.48   | 0.07%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | NY HSG 42ND and 10TH BC22-003 BC/BC DR42                                       | CUSIP: 76252PRU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.19%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | HHA FOUNTAINVIEW PFC TX MF HSG 2024-XG0585-NPI BC/BC D1                        | CUSIP: 88035JGX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.18%             | 2064-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                       | NE NUCOR 96 V7@                                                                | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.19%             | 2026-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                             | TRIBOROUGH BRID 2% MT                                                          | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $633200.66    | 0.03%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 4% MT@                                                            | CUSIP: 130536RL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400009.12    | 0.02%             | 2042-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                     | MARICOPA AZ PUB SVC 09E V7                                                     | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $18000000.00  | 0.97%             | 2029-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA ECONOMIC DEV AUTH POLLUTION CTL REV                                  | CHESAPEAKE VA E 3.65% MT                                                       | CUSIP: 16532YAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518404.85   | 0.08%             | 2032-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                                   | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27890000 | PA      | $27890000.00  | 1.51%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 8/1/2026                                                       | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1007245.56   | 0.05%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@                          | CUSIP: 88035ENZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.32%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2027                                                              | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $337670.58    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SLD DISP WST REV                                                     | IA MIDAMERICAN - BRK 16B V7@                                                   | CUSIP: 46245EAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600000.00   | 0.25%             | 2046-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 8/1/2029 @                                                     | CUSIP: 735389P51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8635000 | PA      | $9226484.55   | 0.50%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TEX INDPT SCH DIST                                                       | TEXAR TX 4% 2/15/2053 MT                                                       | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4553255.45   | 0.25%             | 2053-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2026                                                   | CUSIP: 56035DHM7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    875000 | PA      | $888483.75    | 0.05%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 12/1/2026                                                   | CUSIP: 74440DFF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $564004.76    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEVADA HSG DIV                                                                     | NV MHSG 5% MT                                                                  | CUSIP: 641272HR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2033146.96   | 0.11%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 8/1/2027                                                     | CUSIP: 97712JHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3040000 | PA      | $3065418.66   | 0.17%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.80% 7/1/2026                                                   | CUSIP: 64469MQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $680369.99    | 0.04%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2028@                                                  | CUSIP: 052398JA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1606033.47   | 0.09%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | DENVER CO ARPT 2018-XM0715-MST Q=MO D7                                         | CUSIP: 88034NE34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4300000.00   | 0.23%             | 2043-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA MHG FIDDIMENT AFFORDABLE 2024-MIZ9162 MZ/MZ D35                             | CUSIP: 60700HVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $645000.00    | 0.03%             | 2062-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.625% 4/1/2026                                                  | CUSIP: 64469MRK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365179.03    | 0.02%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2027                                                    | CUSIP: 56035DGJ5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    625000 | PA      | $643020.25    | 0.03%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 10/1/2029                                                   | CUSIP: 84136HCS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7305000 | PA      | $7809253.92   | 0.42%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 2% 12/1/2044 AMT                                                  | CUSIP: 13048RAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9625000 | PA      | $9627497.69   | 0.52%             | 2044-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BELLEVILLE NJ TAN                                                                  | BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN                                        | CUSIP: 079098GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15512500 | PA      | $15586673.02  | 0.84%             | 2026-07-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP MULTIFAMILY HSG REV                                   | TX AHC MF 3.625% MT                                                            | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1373703.38   | 0.07%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                           | ARGYLE TX ISD 4% MT                                                            | CUSIP: 040319X34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4380000 | PA      | $4525039.76   | 0.24%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                       | Fidelity Municipal Cash Central Fund                                           | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  79542071 | NS      | $79557979.35  | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| OKLAHOMA CO OK IDS 89 OKLA CTY                                                     | OKLAHOMA CTY OK 3% 7/1/2026                                                    | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7140000 | PA      | $7151895.24   | 0.39%             | 2026-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                    | PHILA PA 5% 8/1/2026                                                           | CUSIP: 717813B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $597914.56    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 4% MT@                                                              | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000045.60   | 0.11%             | 2034-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT                         | CUSIP: 88035HM37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300000.00   | 0.12%             | 2030-12-15      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN SER B 5% 12/1/2026@                                               | CUSIP: 646080TT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $644096.50    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                       | MILWAUKEE 2% 3/1/2027                                                          | CUSIP: 602366VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1941195.20   | 0.11%             | 2027-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35              | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015000.00   | 0.05%             | 2061-11-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| TEXAS STATE                                                                        | TX ST 5.50% 8/1/2026 @                                                         | CUSIP: 8827235Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $654297.61    | 0.04%             | 2026-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2028                                                       | CUSIP: 645021DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2905000 | PA      | $3075165.02   | 0.17%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                   | PA THO JFFRSN U 18D RFLOAT V7                                                  | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8380000 | PA      | $8380000.00   | 0.45%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                         | NATIONAL FN AT 2.15% MT@                                                       | CUSIP: 63608RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4101453.86   | 0.22%             | 2033-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 1/1/2028                                                            | CUSIP: 626207Q49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2028144.92   | 0.11%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | AZ MFH SAFFORD PRJ 2023-XF3174-AMR MZ/MZ D7                                    | CUSIP: 88035GT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10740000 | PA      | $10740000.00  | 0.58%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OGDENSBURG NY ENLRG CTY SCH DS                                                     | OGDENSBURG NY ENLRG CSD 7/22/26 BAN                                            | CUSIP: 676490GC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4530354.75   | 0.25%             | 2026-07-22      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2029                                                    | CUSIP: 93978HB79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $882661.64    | 0.05%             | 2029-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                                        | CHTNOOGA TN COMNSPIRIT HLTH V7                                                 | CUSIP: 162410CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.10%             | 2039-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GARLAND TX WTR and SWR REV                                                         | GARLAND TX WTR and 5% 3/1/2029                                                 | CUSIP: 366168TJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $546006.87    | 0.03%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH PCR                                                       | GA OGLETHORPE PWR HATCH 13A V7                                                 | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17100000 | PA      | $17100000.00  | 0.93%             | 2038-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FIN CORPMISS SOLID WASTE DISP FAC and WASTEWATER FAC REV      | MS PWR - SOUTHERN CO 22-1 V1@                                                  | CUSIP: 60528EAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8170000 | PA      | $8170000.00   | 0.44%             | 2052-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***          | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  58085000 | PA      | $58085000.00  | 3.14%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSG                        | CHATT TN HEHA 2.950% 5/1/2044 MT                                               | CUSIP: 162404DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2338935.77   | 0.13%             | 2044-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                            | UT CNTY UT HOSP 5% MT                                                          | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1585442.97   | 0.09%             | 2060-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DAUPHIN CO PA GEN AUTH HLTH SYS REV                                                | DAUPHIN HLTH PA 5% 6/1/26                                                      | CUSIP: 23825EDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $256918.16    | 0.01%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                            | RAILSPLITTER IL 5% 6/1/26                                                      | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $641234.18    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                        | NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT                                         | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2135287.96   | 0.12%             | 2054-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% 9/1/2028                                                     | CUSIP: 13013JEE2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1528643.80   | 0.08%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                       | LIPA NY 9/1/2055 MT                                                            | CUSIP: 542691LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3755000 | PA      | $3762260.67   | 0.20%             | 2055-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY MULTIFAMILY HSG REV                                     | NC HSG FIN AGY 3.2% MT                                                         | CUSIP: 65820BBB1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999743.60   | 0.22%             | 2056-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | ANCHORAGE AK PORT REV 2025-XF3381-INV E-AGC/Q=WF D7@                           | CUSIP: 88035PJP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7940000 | PA      | $7940000.00   | 0.43%             | 2050-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                        | MONROE GA PCR 3.875% MT                                                        | CUSIP: 610530FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1727508.32   | 0.09%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                        | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1642775 | PA      | $1642775.00   | 0.09%             | 2062-08-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PRT ARTHR TX MTVA10D Q=SELF V7                                                 | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  36775000 | PA      | $36775000.00  | 1.99%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH TAX                                                   | DETROIT DWNTWN 5% 7/1/2027                                                     | CUSIP: 251135HC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $568072.62    | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                        | NTHSIDE TX ISD 3% MT                                                           | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5905000 | PA      | $5905844.42   | 0.32%             | 2053-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BUFORD GA MF HSG AUTH 2023-XF3118-AMR MZ/MZ D7                                 | CUSIP: 88035FN48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855143 | PA      | $1855143.00   | 0.10%             | 2041-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY IL UNIV REV                                                             | UNIV IL 5% 10/1/2027                                                           | CUSIP: 9143536X0<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    255000 | PA      | $264886.43    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                 | TARRANT EFFC HO 5% MT                                                          | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2708201.46   | 0.15%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOLYOKE MA                                                                         | HOLYOKE MA 4% 10/23/2026                                                       | CUSIP: 436705GY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5860719.04   | 0.32%             | 2026-10-23      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH POLLUTION CTL REV VRDO IAM COML PAPER 3/A2 SER 1992  | HALIFAX CNTY VA 3.8% MT                                                        | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4965000 | PA      | $5024592.41   | 0.27%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | MIAMI DADE FL ARPT 2025-XM1321-ALL Q=JP D1@                                    | CUSIP: 88035R2J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.43%             | 2055-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2028                                                         | CUSIP: 2510936J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $775895.67    | 0.04%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                     | CUSIP: 544445W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $514317.35    | 0.03%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY 2022-ZL0396-BLK Q=MO D7                                   | CUSIP: 88035EQD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2795000.00   | 0.15%             | 2053-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2028 @                                                   | CUSIP: 167562RS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1537040.83   | 0.08%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2027                                                   | CUSIP: 56035DHN5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030467.60   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                           | HUMBLE TX ISD 0% 2/15/2029                                                     | CUSIP: 445047NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3747230.80   | 0.20%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUTTO TX INDPT SCH DIST                                                            | HUTTO TX ISD 4% MT                                                             | CUSIP: 4484926N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2844882.98   | 0.15%             | 2055-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 5% 7/1/2029 @                                                  | CUSIP: 04780M2K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1926713.88   | 0.10%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2028                                                     | CUSIP: 96023PNL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $648713.81    | 0.04%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO PLANNED INDL EXPANSION AUTH MULTIFAMILY HSG REV                     | KANSAS CITY MSR 5% MT                                                          | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1528000 | PA      | $1558258.53   | 0.08%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 3/1/2027                                                    | CUSIP: 56035DGH9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $714007.28    | 0.04%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 4.25% 7/1/2043 MT @                                               | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6150000 | PA      | $6148142.70   | 0.33%             | 2043-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                           | SAN DIEGO ARPT 5% 7/1/2029 @                                                   | CUSIP: 79739GSL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1712231.70   | 0.09%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                      | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3025000.00   | 0.16%             | 2055-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2027@                                                   | CUSIP: 64763HLY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2384938.76   | 0.13%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                     | MARICOPA AZ PUB SVC 09D V7                                                     | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $10800000.00  | 0.58%             | 2029-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALBANY NY                                                                          | ALBANY CITY NY 3/20/26 BAN                                                     | CUSIP: 012429CG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6034000 | PA      | $6050274.90   | 0.33%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TEX SPL TAX REV                                                         | FORT WRTH TEX 5% 3/1/2028                                                      | CUSIP: 349507DD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523069.30    | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2029@                                                    | CUSIP: 167562UN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4514276.48   | 0.24%             | 2029-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                  | NJ HLTH CARE FA 5% 9/15/2027                                                   | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $655624.75    | 0.04%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS                                      | PA TPK PUTTER-5096 Q=JPS D7                                                    | CUSIP: 46640KU85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7675000 | PA      | $7675000.00   | 0.42%             | 2047-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                          | SEATTLE WA HSG 5% 6/1/2027                                                     | CUSIP: 812636PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $774580.32    | 0.04%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                   | NEW JERSEY ECN 5% 6/15/2026                                                    | CUSIP: 64577XET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2319467.91   | 0.13%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RESDTL FIN AUTH MF HSG REV                                        | ATLANTA GA URBAN RESDTL FIN 3.4% MT                                            | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2515615.75   | 0.14%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 1/15/2028                                                     | CUSIP: 96023PNK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $652557.38    | 0.04%             | 2028-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INLIVIAN N C MULTIFAMILY REV                                                       | INLIVIAN N C MU 11/1/2058 MT                                                   | CUSIP: 45753CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4395536.67   | 0.24%             | 2058-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                               | ST LAWRENCE CNT 5% 7/1/2026                                                    | CUSIP: 791078ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $257650.44    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                             | TRIMBLE CNTY KY 0% 6/1/2054 @                                                  | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8255000 | PA      | $8317128.78   | 0.45%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 6/1/2026                                                     | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1403104.09   | 0.08%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | SAN ANTONIO E and G 5% 2/1/2026                                                | CUSIP: 79625GED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $576050.87    | 0.03%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BONDSVILLE MASS FIRE and WTR DIST                                                  | BONDS MA 098010 4.875% 11/20/2026                                              | CUSIP: 098010AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2131505.67   | 0.12%             | 2026-11-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUDSON MA                                                                          | HUDSON TWN MA 6/11/26 BAN                                                      | CUSIP: 443852XA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2513068.50   | 0.14%             | 2026-06-11      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                     | DC HSG MF 3.65% MT                                                             | CUSIP: 25477PQA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2899850.30   | 0.16%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 2/1/2027                                                     | CUSIP: 09182TEZ6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    240000 | PA      | $244816.10    | 0.01%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FINGAUTH UPMC REV                                        | PENNSYLVANIA EC 5% 2/15/2026                                                   | CUSIP: 70870JDN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125310.70    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.70% 1/1/2027                                                   | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1174577.63   | 0.06%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV UNIV HLTH 18E RFLOAT V7                                                     | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4310000.00   | 0.23%             | 2033-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROCKTON MA                                                                        | BROCKTON CITY MA 10/8/26 BAN                                                   | CUSIP: 111746MC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6275000 | PA      | $6385334.58   | 0.35%             | 2026-10-08      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                       | HAMILTON OH SWR 5% 12/1/2026                                                   | CUSIP: 407288H36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $771584.41    | 0.04%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP SOLID WASTE DISP REV                                          | FLORIDA DEV FIN 3.40% 9/1/2050 @                                               | CUSIP: 34061XAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1456078.40   | 0.08%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                     | WSTFLD WA SCH 5% 7/15/2027                                                     | CUSIP: 96023PPL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $371808.29    | 0.02%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                      | GT ORLANDO ARPT 5% 10/1/2028 @                                                 | CUSIP: 392275EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3579943.73   | 0.19%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | SAN ANTONIO E and G 3.08% MT                                                   | CUSIP: 79625GNE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6125000 | PA      | $6145567.14   | 0.33%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                     | DFW ARPT 5% 11/1/2028 @                                                        | CUSIP: 23503CFP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20860000 | PA      | $22023132.74  | 1.19%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                               | FL MHSG 5% 2/1/2027 MT                                                         | CUSIP: 34074HGZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $986507.15    | 0.05%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 8/1/2028                                                     | CUSIP: 09182TFC6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1142745.86   | 0.06%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 0% 10/1/2045 MT @                                                 | CUSIP: 13048RAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7600086.64   | 0.41%             | 2045-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                        | TEXAS GAS IV 5.25% 1/1/2027                                                    | CUSIP: 88256PAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $647235.18    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2027@                                                    | CUSIP: 167562UL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2225449.81   | 0.12%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                               | AMERICAN MUN OH 5% 2/15/2027                                                   | CUSIP: 02765URN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $5042938.43   | 0.27%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% 3/1/2028                                                     | CUSIP: 13013JED4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    460000 | PA      | $477605.81    | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2026                                                       | CUSIP: 645021CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $450788.74    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35                   | CUSIP: 60700HPG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25415000 | PA      | $25415000.00  | 1.37%             | 2052-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                     | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                            | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12550000 | PA      | $12789003.46  | 0.69%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2028@                                                   | CUSIP: 717817YH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $593553.74    | 0.03%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                  | NJ HLTH CARE FA 5% 9/15/2026                                                   | CUSIP: 64579XEB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $330398.71    | 0.02%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENTON TEXAS ISD                                                                   | DENTON TX ISD 4% MT                                                            | CUSIP: 249002NM4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   8355000 | PA      | $8631668.31   | 0.47%             | 2055-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                       | NE TX ISD 3.75% 8/1/2049 MT                                                    | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1892126.59   | 0.10%             | 2049-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                      | ATRIUM HEALTH 3.625% MT                                                        | CUSIP: 160853VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2876925.95   | 0.16%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 3/1/2026                                                              | CUSIP: 452153DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3863889.26   | 0.21%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY GAS DIST 2023-XM1110-ALL G=RC Q=RC D7                     | CUSIP: 88035FC24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.19%             | 2053-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 3.65% 12/1/2027 @                                                  | CUSIP: 677525XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4064676.85   | 0.22%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | IL PLYMOUTH PLACE BC25-002 BC/BC D35                                           | CUSIP: 76252PG45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6200000.00   | 0.34%             | 2056-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                       | UNASSGND LC 567 2.7% MT                                                        | CUSIP: 59465FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2148038.05   | 0.12%             | 2043-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                               | MICHIGAN FIN AU 3.75% MT                                                       | CUSIP: 59447TWZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3599790.84   | 0.19%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | HI ST ARPT 2022-XG0386-MST Q=MO D7@                                            | CUSIP: 88035DAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11500000.00  | 0.62%             | 2048-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV                                    | PHX IDA SW 3.85% 12/1/2035 @                                                   | CUSIP: 71884RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1304984.21   | 0.07%             | 2035-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                     | COCONINO AZ PC 4.125% 9/1/2032 @                                               | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1462378.19   | 0.08%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer