# EDGAR Filing Document

**Accession Number:** 0001098605
**File Stem:** 0001098605-25-000139
**Filing Date:** 2025-8
**Character Count:** 127170
**Document Hash:** d0019132da33cbc303c50ccea8251fc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001098605-25-000139.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001098605-25-000139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Managed Accounts Trust
- **CENTRAL INDEX KEY:** 0001098605

**ORGANIZATION NAME:**
- **EIN:** 066484967
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09721
- **FILM NUMBER:** 251277459

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-739-4000

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianzGI Managed Accounts Trust
- **DATE OF NAME CHANGE:** 20130125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANZ GLOBAL INVESTORS MANAGED ACCOUNTS TRUST
- **DATE OF NAME CHANGE:** 20090626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANZ GLOBAL INVESTORS
- **DATE OF NAME CHANGE:** 20090626

## Series and Classes Contracts Data

### Fixed Income SHares: Series TE (Series ID: S000037220)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000114641 | Series TE    | FXIEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Managed Accounts Trust

- **b. Investment Company Act file number:** 811-09721

- **c. CIK number of Registrant:** 0001098605

- **d. LEI of Registrant:** 549300QOE6UAECNZYE02

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (800) 927-4648

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

- **a. Name of Series:** Fixed Income SHares: Series TE

- **b. EDGAR series identifier (if any):** S000037220

- **c. LEI of Series:** 549300OOPPJ74IOR7443

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $208619513.69

**Total Liabilities:** $4628461.37

**Net Assets:** $203991052.32

**Cash Not Reported:** $64318.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 474.243000 | **1-Year:** 1476.708400 | **5-Year:** 20509.054800 | **10-Year:** 76834.778700 | **30-Year:** 3423.972500

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

- **3-Month:** 51.550400 | **1-Year:** 792.782300 | **5-Year:** 17132.091800 | **10-Year:** 27944.672600 | **30-Year:** 1542.743700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000114641 | -0.84%               | -0.21%               | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-631916.10              | $-1766612.28                               |
| Month 2  | $-309318.43              | $-1157536.96                               |
| Month 3  | $-386695.91              | $1103921.62                                |

**Designated Index Information**

- **Index Name:** 50% Bloomberg 10 Year Municipal Bond Index, 50% Bloomberg Municipal Bond High Yield Total Return Unhedged USD Index

- **Index Identifier:** LM10TR, LMHYTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IBIS LANDING COMMUNITY DEVELOPMENT DISTRICT                      | IBIS LANDING CDD FL SPL ASSMNT IBIDEV 06/45 FIXED 5.7       | CUSIP: 451075AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $618041.91    | 0.30%             | 2045-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FARMS NEW KENT COMMUNITY DEVEL                                   | FARMS NEW KENT VA CMNTY DEV AU FRMDEV 03/36 FIXED 3.75      | CUSIP: 311551AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $385347.81    | 0.19%             | 2036-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FINANCE AUTHORITY                              | CALIFORNIA PUBLIC FIN AUTH REV CASGEN 07/54 FIXED OID 6.25  | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255848.95    | 0.13%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER AUTHORITY EMPLOYEES UNITED C                | LOWER COLORADO RIVER TX AUTH T LWCGEN 05/50 FIXED 5         | CUSIP: 54811BR78<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202150.48    | 0.10%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                      | WASHINGTON ST HSG FIN COMMISSI WASHSG 07/64 FIXED 7         | CUSIP: 93978LJR8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101795.60    | 0.05%             | 2064-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD POOL                                            | FED HM LN PC POOL WE6072 FR 07/39 FIXED 3.85                | CUSIP: 3132YBW93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    489731 | PA      | $458008.31    | 0.22%             | 2039-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT             | MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 06/54 FIXED 6         | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005957.60   | 0.49%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                         | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/54 ZEROCPNOID 0    | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $402396.40    | 0.20%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA ISLAND COMMUNITY DEVELOPMENT DISTRICT                   | MAGNOLIA ISLAND CDD FL CAPITAL MGIDEV 05/45 FIXED 5.55      | CUSIP: 559613AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240426.48    | 0.12%             | 2045-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO 1             | SPRING VLY CMNTY INFRASTRUCTUR SPVGEN 09/51 FIXED 3.75      | CUSIP: 850072AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    447000 | PA      | $401395.00    | 0.20%             | 2051-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE | WASHINGTON DC MET AREA TRANSIT WA MET AREA TRANSIT A        | CUSIP: 93878YDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302836.35    | 0.15%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO STATE                                                   | COLORADO ST BLDG EXCELLENT SCH COSEDU 03/46 FIXED 4         | CUSIP: 19668QNX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $873725.50    | 0.43%             | 2046-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 07/47 FIXED 4           | CUSIP: 45204EA32<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1722921.47   | 0.84%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DADE CNTY FLA SCH DIST                                           | MIAMI DADE CNTY FL SCH DIST MIASCD 03/42 FIXED 4            | CUSIP: 59333RJB1<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946991.50    | 0.46%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BELLA COLLINA COMMUNITY DEVELOPMENT DISTRICT                     | BELLA COLLINA CDD FL SPL ASSMN BELLA COLLINA CDD            | CUSIP: 07819AAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $237769.40    | 0.12%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY            | WISCONSIN HLTH EDL FACS AUTH S WISMED 07/55 FIXED OID 5.875 | CUSIP: 97671VCP8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $289951.98    | 0.14%             | 2055-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF OREGON                                             | UNIV OF OREGON OR GEN REVENUE UNOHGR 04/50 FIXED 5          | CUSIP: 914767AD0<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201033.50    | 0.10%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARRISH LAKES COMMUNITY DEVELOPMENT DISTRICT                     | PARRISH LAKES CDD CAPITAL IMPT PARRISH LAKES CDD            | CUSIP: 70183FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $508978.79    | 0.25%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VELOCITY METROPOLITAN DISTRICT NO 5                              | VELOCITY MET DIST  5 CO VLOFAC 12/50 INT APROID VAR         | CUSIP: 92259JAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $829836.80    | 0.41%             | 2050-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                             | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/29 FLOATING VAR    | CUSIP: 74526QLY6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1010000 | PA      | $965483.95    | 0.47%             | 2029-07-01      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| REFLECTION BAY COMMUNITY DEVELOPMENT DISTRICT                    | REFLECTION BAY CDD FL SPL ASSM REFDEV 05/35 FIXED 5         | CUSIP: 75865NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $636107.50    | 0.31%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH COMMUNITY AUTHORITY BOARD                         | STERLING RANCH CMNTY AUTH BRD STRDEV 12/54 FIXED 5.75       | CUSIP: 85950NAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $486580.45    | 0.24%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VILLAGE OF GILBERTS IL SPECIAL SERVICE AREA NO 24                | GILBERTS IL SPL SVC AREA  24 S GILFAC 03/34 FIXED 5.375     | CUSIP: 37546QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    442614 | PA      | $415728.31    | 0.20%             | 2034-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING AGENCY                              | CALIFORNIA CMNTY HSG AGY ESSEN CCHHSG 08/52 FIXED OID 4.5   | CUSIP: 13013FBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $190956.70    | 0.09%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT 2               | LAKES OF SARASOTA CDD 2 CAPITA LSADEV 05/45 FIXED 5.5       | CUSIP: 51207BAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $221942.76    | 0.11%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                           | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/39 FIXED 6         | CUSIP: 13048VQ27<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013041.50   | 0.50%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VALPARAISO IN                                            | VALPARAISO IN MF HSG REVENUE VALMFH 12/41 FIXED 5.375       | CUSIP: 920286AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $218622.90    | 0.11%             | 2041-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING FINANCE AUTHOR                                   | INDIANA ST HSG   CMNTY DEV AUT INSMFH 01/36 FIXED 5.75      | CUSIP: 45506CAM9<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    175000 | PA      | $168058.38    | 0.08%             | 2036-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT             | BABCOCK RANCH CMNTY INDEP SPL BARGEN 05/55 FIXED 5.25       | CUSIP: 05616KBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $236038.08    | 0.12%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| THE ATLANTA DEVELOPMENT AUTHORITY                                | ATLANTA GA DEV AUTH ATLDEV 04/34 FIXED 5                    | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100293.91    | 0.05%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                        | INDIANA ST FIN AUTH STUDENT HS IN FIN AUTH A                | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95736.03     | 0.05%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO                       | GDB DEBT RECOVERY AUTH OF CMWL PRCDEV 08/40 FIXED OID 7.5   | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    984452 | PA      | $943742.45    | 0.46%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JOHNSTOWN VILLAGE METROPOLITAN DISTRICT NO 2                     | JOHNSTOWN VLG MET DIST  2 CO JVMDEV 12/50 FIXED 5           | CUSIP: 479710AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $433957.50    | 0.21%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                          | FREDDIE MAC MULTIFAMILY FRETE 2024 ML21 AUS                 | CUSIP: 3137HC2E1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    497731 | PA      | $511435.49    | 0.25%             | 2041-08-25      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT                   | RIVERS EDGE III CDD FL CAPITAL RVIDEV 05/45 FIXED OID 5.75  | CUSIP: 76882NAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100297.82    | 0.05%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MANOR HOUSING PUBLIC FACILITY CORP                               | MANOR HSG PUBLIC FAC CORP TX M MNRMFH 11/42 ADJUSTABLE VAR  | CUSIP: 56406AAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200359.88    | 0.10%             | 2042-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| SUFFOLK TOBACCO ASSET SECURITIZATION CORPORATION                 | SUFFOLK NY TOBACCO ASSET SECUR SFKSEC 06/66 ZEROCPNOID 0    | CUSIP: 864809CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $178039.80    | 0.09%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                 | PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    834294 | PA      | $514133.40    | 0.25%             | 2043-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATION REVENUE                         | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/55 FIXED 5.25      | CUSIP: 593340AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032451.50   | 0.51%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEVELOPMENT FINANCE AUTHORITY                           | ARKANSAS ST DEV FIN AUTH INDL ARSDEV 07/48 FIXED 12         | CUSIP: 04108WCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542296.20    | 0.27%             | 2048-07-01      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY VRD CERTIFICATES                               | FEDERAL HOME LOAN MTGE CORP MF FEDMFH 01/43 ADJUSTABLE VAR  | CUSIP: 31350ADW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 1.08%             | 2043-01-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| CANYONS METROPOLITAN DISTRICT NO 5                               | CANYONS MET DT 5 B CNYFAC 12/54 FIXED 6.5                   | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249736.10    | 0.12%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HAMMOCK OAKS COMMUNITY DEVELOPMENT DISTRICT                      | HAMMOCK OAKS CDD FL ASSMNT HAODEV 05/55 FIXED 5.75          | CUSIP: 40834PAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484148.40    | 0.24%             | 2055-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                      | CALIFORNIA ST EDUCTNL FACS AUT CASEDU 10/53 FIXED OID 5.5   | CUSIP: 130179VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981701.20    | 0.48%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT MI SEWAGE DISPOSAL SYSTEM REVENUE                | DETROIT MI SWR DISP SYS REVENU DETUTL 07/32 FLOATING VAR    | CUSIP: 251237W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986860.70    | 0.48%             | 2032-07-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG REGIONAL HEALTH SERVICES DISTRICT                    | SPARTANBURG SC REGL HLTH SVCS SPAMED 04/48 FIXED 5          | CUSIP: 847113CH8<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1188562.56   | 0.58%             | 2048-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL WE6111 FR 01/40 FIXED 3.8                 | CUSIP: 3132YBYG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    987436 | PA      | $921453.58    | 0.45%             | 2040-01-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| VERMONT ECONOMIC DEVELOPMENT AUTHORITY                           | VERMONT ST ECON DEV AUTH SOLID VTSPOL 06/52 ADJUSTABLE VAR  | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246657.75    | 0.12%             | 2052-06-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN NEIGHBORHOOD IMPROVEMENT ZONE DEVELOPMENT AUTHORITY    | ALLENTOWN PA NEIGHBORHOOD IMPT ALTDEV 05/42 FIXED 5.25      | CUSIP: 018444CA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $460233.89    | 0.23%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FARMINGTON N.M. POLLUTION CONTROL                                | FARMINGTON NM POLL CONTROL REV FARPOL 04/29 FIXED 1.8       | CUSIP: 311450GA2<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |    500000 | PA      | $458714.95    | 0.22%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                             | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/47 ZEROCPNOID 0    | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $91502.80     | 0.04%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTERRA METROPOLITAN DISTRICT NO 1                              | CENTERRA CO MET DIST  1 SPL RE CETGEN 12/48 FIXED 5.25      | CUSIP: 15200XAH6<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486785.70    | 0.24%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITY OF PILOT POINT TX                                           | PILOT POINT TX SPL ASSMNT REVE PILGEN 09/45 FIXED 6.125     | CUSIP: 721614AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $689471.31    | 0.34%             | 2045-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                      | MAIN STREET NATURAL GAS INC GA MAIUTL 12/53 ADJUSTABLE VAR  | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    300000 | PA      | $316250.43    | 0.16%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SALT LAKE CITY UT AIRPORT REVENUE                        | SALT LAKE CITY UT ARPT REVENUE SALAPT 07/48 FIXED 5.25      | CUSIP: 795576MB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009672.80   | 0.49%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY                              | LANCASTER CNTY PA HOSP AUTH LANMED 11/46 FIXED 5            | CUSIP: 514045W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1045320.71   | 0.51%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE DORMITORY AUTHORITY                               | NEW YORK ST DORM AUTH REVENUES NYSHGR 07/36 FIXED 5         | CUSIP: 64985SBK8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    660000 | PA      | $718526.23    | 0.35%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS SALES TAX REVENUE                              | ILLINOIS ST SALES TAX REVENUE ILSGEN 06/34 FIXED 3          | CUSIP: 452227KF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1049410.93   | 0.51%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT                              | LAKEWOOD RANCH FL STEWARDSHIP LKRGEN 05/54 FIXED OID 5.55   | CUSIP: 51265KFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $516787.21    | 0.25%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY 2024-ML27                                | FREDDIE MAC MULTIFAMILY FRETE 2024 ML27 BUS                 | CUSIP: 35833XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    300000 | PA      | $240416.57    | 0.12%             | 2042-01-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACS AUTH REV                                       | IDAHO ST HLTH FACS AUTH REVENU IDSMED 03/60 ADJUSTABLE VAR  | CUSIP: 451295H69<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    200000 | PA      | $217683.70    | 0.11%             | 2060-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/MO             | JEFFERSON CNTY MO INDL DEV AUT JFFMFH 02/43 FIXED 4.45      | CUSIP: 473157BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966481.00    | 0.47%             | 2043-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORPORATION I         | TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/26 FLOATING VAR     | CUSIP: 88256CAX7<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500141.50    | 0.25%             | 2026-12-15      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HOUSING FINANCE AGENCY                                 | MINNESOTA ST HSG FIN AGY MNSHSG 01/55 FIXED 6.5             | CUSIP: 60416UFQ3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2229354.02   | 1.09%             | 2055-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV SALES TAX INCREMENT REVENUE                 | LAS VEGAS NV SALES TAX INCREME LASGEN 06/35 FIXED OID 4.375 | CUSIP: 517741AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $305981.06    | 0.15%             | 2035-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                      | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.375     | CUSIP: 676900XS7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251020.68    | 0.12%             | 2045-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY                     | NEW YORK NY CITY TRANSITIONAL NYC TRANSITIONAL G 1          | CUSIP: 64972JHY7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028496.10   | 0.50%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY                     | WEST VIRGINIA ST ECON DEV AUTH WVSDEV 01/55 ADJUSTABLE VAR  | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    800000 | PA      | $816533.60    | 0.40%             | 2055-01-01      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HOUSING DEVELOPMENT AGENCY                             | TENNESSEE HSG DEV AGY RSDL FIN TNSHSG 01/56 FIXED 6         | CUSIP: 88046KQU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097462.30   | 0.54%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CENTERRA METROPOLITAN DISTRICT NO 1                              | CENTERRA CO MET DIST  1 SPL RE CETGEN 12/37 FIXED 5         | CUSIP: 15200XAF0<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250019.93    | 0.12%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01              | AFFORDABLE HSG OPPORTUNITIES T TENGEN 10/38 FIXED 7.12      | CUSIP: 00826SAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $162434.34    | 0.08%             | 2038-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY       | CALHOUN CNTY TX NAVIGATION IND CLHDEV 07/26 FIXED 3.625     | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240405.28    | 0.12%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HOUSING AUTHORITY OF SNOHOMISH COUNTY                            | SNOHOMISH CNTY WA HSG AUTH SNOHSG 04/44 FIXED 4             | CUSIP: 83309AFW6<br>LEI: 549300FESB68D2IR7250 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $875495.80    | 0.43%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                         | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 01/41 FIXED 4.168     | CUSIP: 63607WBF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1471884.00   | 0.72%             | 2041-01-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/43 FIXED 5           | CUSIP: 45204EL97<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    440000 | PA      | $434396.42    | 0.21%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/51 FIXED OID 4.75  | CUSIP: 64542PBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $39000.00     | 0.02%             | 2051-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FINANCE AUTHORITY OF MAINE                                       | MAINE ST FIN AUTH SOL WST DISP MESPOL 12/47 ADJUSTABLE VAR  | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243732.88    | 0.12%             | 2047-12-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/40 FIXED 5         | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1991401.60   | 0.98%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONGS PEAK METROPOLITAN DISTRICT                                 | LONGS PEAK MET DIST CO LPMGEN 12/51 FIXED 5.25              | CUSIP: 54316AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $465975.80    | 0.23%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                              | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/66 ZEROCPNOID 0    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $954378.90    | 0.47%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPORTATION CORPORATION                         | GRAND PARKWAY TRANSPRTN CORP T GPTTRN 10/43 FIXED 5         | CUSIP: 38611TBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011603.50   | 0.50%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                        | HOUSTON TX ARPT SYS REVENUE HOUAPT 07/36 FIXED 5.5          | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2238149.57   | 1.10%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE CITY OF                                               | EVANSVILLE IN MF HSG REVENUE EVAMFH 01/38 FIXED 5.45        | CUSIP: 299351AG1<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |    500000 | PA      | $462259.55    | 0.23%             | 2038-01-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HIGHER EDUCATION FINANCE CORPORATION                   | ARLINGTON TX HGR EDU FIN CORP ARLEDU 08/50 FIXED OID 4.5    | CUSIP: 041807MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935502.30    | 0.46%             | 2050-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT                   | UIPA CROSSROADS PUB INFRASTRUC UIPDEV 06/52 FIXED 4.375     | CUSIP: 90279EAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $861426.70    | 0.42%             | 2052-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL WE6090 FR 08/40 FIXED 5.21                | CUSIP: 3132YBXT8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    296622 | PA      | $317970.40    | 0.16%             | 2040-08-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)    | SOUTH CAROLINA ST PUBLIC SVC A SC PUB SVC AUTH A            | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    625000 | PA      | $654951.13    | 0.32%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PASADENA RIDGE COMMUNITY DEVELOPMENT DISTRICT                    | PASADENA RIDGE CDD FL CAPITAL PSRDEV 05/55 FIXED 5.375      | CUSIP: 702300AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93081.35     | 0.05%             | 2055-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT                 | LAKES OF SARASOTA CDD FL IMPT LSADEV 05/44 FIXED OID 5.3    | CUSIP: 51206YAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $405158.58    | 0.20%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5         | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    800000 | PA      | $827254.00    | 0.41%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF COLBY KS                                                 | COLBY KS HOSP LOAN ANTICIPATIO COLBY REV                    | CUSIP: 19277TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002412.80   | 0.49%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PIONEER RANCH COMMUNITY DEVELOPMENT DISTRICT                     | PIONEER RANCH CDD FL SPL ASSMN PITDEV 05/44 FIXED 5         | CUSIP: 723846AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $753197.78    | 0.37%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                  | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/53 FIXED 5.25       | CUSIP: 64972GF41<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206672.08    | 0.10%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                      | ILLINOIS ST ILLINOIS ST B                                   | CUSIP: 452153JU4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057698.20   | 0.52%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL TRANSIT SYSTEM                           | MIAMI DADE CNTY FL TRANSIT SAL MIATRN 07/44 FIXED 4         | CUSIP: 59334PGP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915610.10    | 0.45%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF BEAUMONT NAVIGATION DISTRICT                             | PORT BEAUMONT TX NAV DIST DOCK PTBTRN 01/50 FIXED 4         | CUSIP: 73360CAD6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    500000 | PA      | $383257.25    | 0.19%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CELINA TX                                                | CELINA TX SPL ASSESSMENT REVEN CELGEN 09/54 FIXED 5.5       | CUSIP: 15114CJU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478228.95    | 0.23%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BENLOCH RANCH IMPROVEMENT ASSOCIATION NO 2                       | BENLOCH RANCH IMPROV SR UNSECURED 144A 12/51 10             | CUSIP: 082149AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $153156.16    | 0.08%             | 2051-12-01      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| MOON INDUSTRIAL DEVELOPMENT AUTHORITY                            | MOON INDL DEV AUTH PA REVENUE MOODEV 07/45 FIXED OID 6      | CUSIP: 61543RAT3<br>LEI: 549300CGX4T1GTNHL435 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $868273.70    | 0.43%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTERNATIONAL AIRPORT                              | CHICAGO IL O HARE INTERNATIONA CHICAGO A AMT  REV           | CUSIP: 1675934R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017055.10   | 0.50%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT        | LTC RANCH WEST RSDL CMNTY DEV LTC RANCH W CDD AA4           | CUSIP: 50218SAN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $828147.95    | 0.41%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COUNTY OF OSCEOLA FL TRANSPORTATION REVENUE                      | OSCEOLA CNTY FL TRANSPRTN REVE OSCTRN 10/28 ZEROCPNOID 0    | CUSIP: 688031EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $422368.53    | 0.21%             | 2028-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 01/61 ZEROCPNOID 0        | CUSIP: 74442PRQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $135690.58    | 0.07%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEAGROVE COMMUNITY DEVELOPMENT DISTRICT                          | SEAGROVE CDD FL SPL ASSMNT SEAGROVE CDD                     | CUSIP: 811897AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $232944.93    | 0.11%             | 2044-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEWPORT ISLES COMMUNITY DEVELOPMENT DISTRICT                     | NEWPORT ISLES CDD FL SPL ASSMN NWIDEV 05/54 FIXED OID 5.2   | CUSIP: 651890AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $138102.24    | 0.07%             | 2054-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY             | PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 08/49 FIXED 5         | CUSIP: 70917S6Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496103.80    | 0.24%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROOKERY COMMUNITY DEVELOPMENT DISTRICT                           | ROOKERY CDD FL CAPITAL IMPT RE ROOKERY CDD                  | CUSIP: 776364AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $279292.17    | 0.14%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HYDE PARK COMMUNITY DEVELOPMENT DISTRICT NO 1                    | HYDE PARK CDD  1 FL SPL ASSMNT HYDE PK CDD  1 A             | CUSIP: 448642AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $402796.25    | 0.20%             | 2044-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAJ3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    800000 | PA      | $808626.24    | 0.40%             | 2053-03-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA            | MONTGOMERY CNTY PA INDL DEV AU MONDEV 11/44 FIXED 5         | CUSIP: 613609N28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143539.43    | 0.07%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                   | BLACK BELT ENERGY GAS DIST AL BBEUTL 03/55 ADJUSTABLE VAR   | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    600000 | PA      | $635279.52    | 0.31%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ELBERT COUNTY INDEPENDENCE WATER & SANITATION DISTRICT           | INDEPENDENCE WTR   SANTN DIST INDUTL 12/33 FIXED OID 5.125  | CUSIP: 45380AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012365.50   | 0.50%             | 2033-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                         | PUBLIC FIN AUTH WI SPL REVENUE PUBFAC 09/29 ZEROCPNOID 0    | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    371000 | PA      | $274959.97    | 0.13%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                      | OHIO ST HSG FIN AGY RSDL MTGE OHSHSG 09/45 FIXED 4.55       | CUSIP: 67756UCG1<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974932.20    | 0.48%             | 2045-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LANCASTER MUNICIPAL AUTHORITY                                    | LANCASTER PA MUNI AUTH HLTHCAR LANCASTER MUNI AUTH B        | CUSIP: 514350AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $383649.32    | 0.19%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN HOUSING FINANCE CORPORATION                               | AUSTIN TX HSG FIN CORP AUSMFH 11/42 ADJUSTABLE VAR          | CUSIP: 052425HY4<br>LEI: 549300UBTYKESVNBXV64 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100910.73    | 0.05%             | 2042-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                      | ILLINOIS ST ILS 10/33 FIXED 5                               | CUSIP: 4521522R1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036043.30   | 0.51%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY            | PENNSYLVANIA ST ECON DEV FING PASDEV 06/61 FIXED 6          | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047888.40   | 0.51%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEVELOPMENT BOARD                                    | TEXAS WTR DEV BRD REVENUE TXSWTR 10/47 FIXED 4.125          | CUSIP: 88285AFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $544383.54    | 0.27%             | 2047-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                 | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3379186 | PA      | $2137335.27   | 1.05%             | 2051-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                       | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/48 FIXED 4         | CUSIP: 544445ES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $880588.90    | 0.43%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL WE6104 FR 01/41 FIXED 3.72                | CUSIP: 3132YBX92<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    986314 | PA      | $908777.60    | 0.45%             | 2041-01-01      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST A COOPERATIVE DISTRICT                          | ENERGY S E AL A COOPERATIVE 07/54 1                         | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070334.50   | 0.52%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| JARRELL INDEPENDENT SCHOOL DISTRICT                              | JARRELL TX INDEP SCH DIST JARSCD 02/53 FIXED 5              | CUSIP: 471146XA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $610058.70    | 0.30%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                   | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/57 ZEROCPNOID 0     | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11300000 | PA      | $1051521.50   | 0.52%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THE PASSAIC COUNTY IMPROVEMENT AUTHORITY                         | PASSAIC CNTY NJ IMPT AUTH CHRT PASEDU 07/44 FIXED 5         | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $731155.73    | 0.36%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 06/56 FIXED 4.5           | CUSIP: 74442PSG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    225000 | PA      | $164250.00    | 0.08%             | 2056-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BERRY BAY II COMMUNITY DEVELOPMENT DISTRICT                      | BERRY BAY II CDD FL SPL ASSMNT BBADEV 05/31 FIXED 4.45      | CUSIP: 08577DAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220608.12    | 0.11%             | 2031-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                | DENVER CITY   CNTY CO ARPT REV DENAPT 12/43 FIXED OID 4     | CUSIP: 249182LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $899339.10    | 0.44%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY            | WISCONSIN HLTH EDL FACS AUTH S WISMED 07/35 FIXED 5.625     | CUSIP: 97671VCR4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    575000 | PA      | $592871.00    | 0.29%             | 2035-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HICKORY TREE COMMUNITY DEVELOPMENT DISTRICT                      | HICKORY TREE CMNTY DEV DIST HICKORY TREE CDD                | CUSIP: 429079AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233005.95    | 0.11%             | 2055-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                         | NATIONAL FIN AUTH NH AFFORDABL NHAHSG 10/40 ADJUSTABLE VAR  | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $386826.04    | 0.19%             | 2040-10-20      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT                                                  | DETROIT MI DET 04/44 ADJUSTABLE VAR                         | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    497159 | PA      | $389026.57    | 0.19%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK          | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/65 ADJUST OID VAR    | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1137843.48   | 0.56%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV                    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/45 ADJUSTABLE VAR  | CUSIP: 57421CHV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $328862.04    | 0.16%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                      | STATE OF ILLINOIS 02/36 5                                   | CUSIP: 452153KV0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1179665.30   | 0.58%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HOUSING FINANCE AGENCY                              | PENNSYLVANIA ST HSG FIN AGY MF PASMFH 06/41 FIXED 4.9       | CUSIP: 708797BG9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012150.60   | 0.50%             | 2041-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DENTON INDEPENDENT SCHOOL DISTRICT                               | DENTON TX INDEP SCH DIST DNNSCD 08/53 FIXED 5               | CUSIP: 249002MC7<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507379.20    | 0.25%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE           | PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0    | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    430000 | PA      | $136995.76    | 0.07%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                      | CALIFORNIA ST EDUCTNL FACS AUT CASEDU 10/55 FIXED 5         | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1853712.72   | 0.91%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT           | DOWNTOWN REVITALIZATION PUBLIC DTRFAC 06/40 FIXED 5         | CUSIP: 26118TAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058970.80   | 0.52%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                      | MAIN STREET NATURAL GAS 12/54 1                             | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $581556.53    | 0.29%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                             | PUERTO RICO ELEC PWR AUTH 07/40 0                           | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1048125.00   | 0.51%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COUNTY OF CUYAHOGA OH                                            | CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/57 FIXED OID 5      | CUSIP: 2322655W4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1067160.52   | 0.52%             | 2057-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                   | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2134356.25   | 1.05%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY        | HGR EDU FACS FING AUTH FL HGR FLSHGR 07/45 FIXED OID 6      | CUSIP: 42982GAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $598705.32    | 0.29%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/50 FIXED 6         | CUSIP: 57585BKH0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052318.60   | 0.52%             | 2050-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                   | MARYLAND ST DEPT OF TRANSPRTN MDSTRN 08/51 FIXED 4          | CUSIP: 57421FBY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $838689.80    | 0.41%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                      | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                    | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |   1373047 | PA      | $13369361.31  | 6.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                              | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/50 FIXED 4.214     | CUSIP: 38122ND66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $72111.43     | 0.04%             | 2050-06-01      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND                | CHICAGO IL TRANSIT AUTH SALES CHITRN 12/49 FIXED 5          | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300344.43    | 0.15%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                        | HOUSTON TX ARPT SYS REVENUE HOUAPT 07/34 FIXED 5.25         | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309355.68    | 0.15%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE                        | S E ALABAMA ST GAS SPLY DIST G SOUUTL 06/49 ADJUSTABLE VAR  | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054830.60   | 0.52%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA COUNTY NAVIGATION DIST                                 | MATAGORDA CNTY TX NAV DIST  1 MATPOL 11/29 FIXED 2.6        | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476825.45    | 0.23%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY           | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 08/57 FIXED OID 5.375 | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253448.90    | 0.12%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                          | FREDDIE MAC MULTIFAMILY FRETE 2023 ML15 A                   | CUSIP: 3137HA4G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    490152 | PA      | $471647.52    | 0.23%             | 2040-01-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY 2024-ML25                                | FREDDIE MAC MULTIFAMILY FRETE 2024 ML25 BCA                 | CUSIP: 30339BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    300000 | PA      | $192452.64    | 0.09%             | 2043-01-25      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE METROPOLITAN DISTRICT NO 5                         | RAMPART RANGE CO MET DIST  5 RAMGEN 12/36 FIXED 4           | CUSIP: 75157WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $699258.98    | 0.34%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED 5         | CUSIP: 650116HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $705269.25    | 0.35%             | 2060-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL WE5057 FR 01/40 FIXED 3.85                | CUSIP: 3132YATN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $939779.49    | 0.46%             | 2040-01-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HOSP R                         | VIRGINIA ST SMALL BUSINESS FIN VBFMED 12/39 FIXED 5         | CUSIP: 928103AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029413.70   | 0.50%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROWFOOT VALLEY RANCH METROPOLITAN DISTRICT NO 2                 | CROWFOOT VLY RANCH MET DIST 12/54 6.125                     | CUSIP: 22802CAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $725074.73    | 0.36%             | 2054-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                           | IOWA ST FIN AUTH REVENUE IASGEN 01/42 FIXED OID 8           | CUSIP: 46247SCZ5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    250000 | PA      | $214608.58    | 0.11%             | 2042-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                     | VILLAGE CDD NO 15 SPL ASSMNT R VGEDEV 05/34 FIXED 4         | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245355.90    | 0.12%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF INDIANAPOLIS IN                                          | INDIANAPOLIS IN MF HSG REVENUE INPMFH 07/56 ADJUSTABLE VAR  | CUSIP: 45528TBF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $284756.58    | 0.14%             | 2056-07-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL WE6083 FR 03/40 FIXED 4.37                | CUSIP: 3132YBXL5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    492448 | PA      | $487510.77    | 0.24%             | 2040-03-01      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                     | VILLAGE CDD NO 15 SPL ASSMNT R VGEDEV 05/38 FIXED 4.85      | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $499565.63    | 0.24%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY            | PENNSYLVANIA ST ECON DEV FING PASMED 03/60 ADJUSTABLE VAR   | CUSIP: 70870JGX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048798.00   | 0.51%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/36 FIXED OID 4     | CUSIP: 64542PAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $825787.50    | 0.40%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                  | CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/55 ADJUSTABLE VAR  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    700000 | PA      | $744065.21    | 0.36%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PRINCETON TX                                             | PRINCETON TX SPL ASSMNT REVENU PRIGEN 09/31 FIXED OID 4.25  | CUSIP: 742400CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $298577.70    | 0.15%             | 2031-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE ISLAN                         | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/50 FIXED 5         | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1239391.25   | 0.61%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                         | PUBLIC FIN AUTH WI LTD OBLIG G PUBFIN 08/31 FIXED OID 6.75  | CUSIP: 74446EAB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $448750.00    | 0.22%             | 2031-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN LOCAL DEVELOPMENT CORP                                | BROOKHAVEN NY LOCAL DEV CORP R BRODEV 11/55 FIXED 4         | CUSIP: 113168BL1<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $399860.25    | 0.20%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL WE6084 FR 02/40 FIXED 4.9                 | CUSIP: 3132YBXM3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    494488 | PA      | $515160.09    | 0.25%             | 2040-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY M CERTIFICATES M-070                     | FREDDIE MAC MULTIFAMILY VARIAB FMMV M070 A                  | CUSIP: 3137HASB3<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    245155 | PA      | $251030.31    | 0.12%             | 2040-07-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| NEWFIELD COMMUNITY DEVELOPMENT DISTRICT                          | NEWFIELD CDD FL SPL ASSMNT REV NFDDEV 05/35 FIXED 5         | CUSIP: 65128AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $809790.92    | 0.40%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF CUYAHOGA OH                                            | CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/57 FIXED 5.5        | CUSIP: 2322655V6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    510000 | PA      | $495810.17    | 0.24%             | 2057-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                        | NEW JERSEY ST ECON DEV AUTH EC NJSDEV 04/31 FIXED OID 5.75  | CUSIP: 64577HMH1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991001.30    | 0.49%             | 2031-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                  | CALIFORNIA CMNTY CHOICE FING A CCEDEV 05/54 ADJUSTABLE VAR  | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054290.80   | 0.52%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO CROSSING METROPOLITAN DISTRICT NO 2                     | COLORADO CROSSING MET DIST  2 CCRGEN 12/47 FIXED 5          | CUSIP: 19645YAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459700.75    | 0.23%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                   | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENGY GAS C         | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160067.00   | 1.06%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                | DENVER CITY   CNTY CO ARPT REV DENAPT 11/47 FIXED OID 4.125 | CUSIP: 249182QW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $885706.00    | 0.43%             | 2047-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DELAWARE STATE ECON DEV                                          | DELAWARE ST ECON DEV AUTH REVE DESDEV 10/45 ADJUSTABLE VAR  | CUSIP: 246387SV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495217.80    | 0.24%             | 2045-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                              | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/51 FIXED 5         | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295699.41    | 0.14%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNSONS CNTY FLA INDL DEV AUTH                               | SAINT JOHNS CNTY FL INDL DEV A STJMED 12/30 FIXED 4         | CUSIP: 79041LAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $192527.30    | 0.09%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEVELOPMENT CORPORATION                         | NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/44 FIXED 5         | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979051.30    | 0.48%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                          | FREDDIE MAC MULTIFAMILY FRETE 2023 ML17 A                   | CUSIP: 3137HAMK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    197156 | PA      | $171614.26    | 0.08%             | 2043-04-25      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                  | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/55 ZEROCPNOID 0    | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $178631.40    | 0.09%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/43 FIXED OID 4     | CUSIP: 57583UTY4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1528538.03   | 0.75%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT             | MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 06/39 FIXED 5.5       | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500606.50    | 0.25%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                           | CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/38 FIXED 5         | CUSIP: 13051EAF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $491202.65    | 0.24%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRENSHIP INDEPENDENT SCHOOL DISTRICT                             | FRENSHIP TX INDEP SCH DIST FHPSCD 02/55 FIXED 5             | CUSIP: 357866K43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014430.70   | 0.50%             | 2055-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)    | SOUTH CAROLINA ST PUBLIC SVC A SC PUB SVC AUTH A            | CUSIP: 8371514E6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204857.16    | 0.10%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                           | OHIO ST AIR QUALITY DEV AUTH E OHSDEV 07/49 FIXED 5         | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    750000 | PA      | $665330.55    | 0.33%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT                              | LAKEWOOD RANCH FL STEWARDSHIP LKRGEN 05/44 FIXED 5.25       | CUSIP: 51265KFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $574864.82    | 0.28%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY 2024-ML26                                | FREDDIE MAC MULTIFAMILY FRETE 2024 ML26 B                   | CUSIP: 35834CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    700000 | PA      | $452861.05    | 0.22%             | 2039-01-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP                      | BRAZORIA CNTY TX INDL DEV CORP BZIFAC 06/43 FIXED 12        | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    187474 | PA      | $140605.29    | 0.07%             | 2043-06-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ROYSE CITY INDEPENDENT SCHOOL                                    | ROYSE CITY TX INDEP SCH DIST ROYSE ISD                      | CUSIP: 780869YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203572.92    | 0.10%             | 2054-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SACRAMENTO CA                                          | SACRAMENTO CNTY CA SPL TAX SACGEN 09/47 FIXED 5             | CUSIP: 786153RU2<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $489639.75    | 0.24%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOB SECURITIZATION AUTH NORTHNCALIF                              | TOBACCO SECURITIZATION AUTH NT TOBGEN 06/60 ZEROCPNOID 0    | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $383605.00    | 0.19%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNSONS CNTY FLA INDL DEV AUTH                               | SAINT JOHNS CNTY FL INDL DEV A STJMED 12/29 FIXED 4         | CUSIP: 79041LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $218184.93    | 0.11%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                         | PUBLIC FIN AUTH WI EDU REVENUE PUB FIN AUTH A               | CUSIP: 74442ELU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    290000 | PA      | $264189.13    | 0.13%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01              | AFFORDABLE HSG OPPORTUNITIES T TENGEN 10/38 ADJUST OID VAR  | CUSIP: 00826SAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $804856.85    | 0.39%             | 2038-10-01      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                 | CALIFORNIA ST HLTH FACS FING A CA HLTH FACS A               | CUSIP: 13032UU71<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005618.50   | 0.49%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                        | ALAMEDA CA CORRIDOR TRANSPRTN ALATRN 10/47 INT APROID VAR   | CUSIP: 010869JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $570460.30    | 0.28%             | 2047-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT             | BABCOCK RANCH CMNTY INDEP SPL BARGEN 05/42 FIXED 5          | CUSIP: 05616KBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $292895.76    | 0.14%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SENAC SOUTH METROPOLITAN DISTRICT NO 1                           | SENAC SOUTH MET DIST  1 CO SESFAC 12/51 FIXED 5.25          | CUSIP: 81685AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $479867.91    | 0.24%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HASTINGS CAMPUS HOUSING FINANCE AUTHORITY                        | HASTINGS CAMPUS HSG FIN AUTH C HCHGEN 07/61 FIXED 5         | CUSIP: 418338AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $855745.00    | 0.42%             | 2061-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                           | IOWA ST FIN AUTH MF REVENUE IASMFH 07/43 FIXED 4.65         | CUSIP: 46246JNM3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1971837.40   | 0.97%             | 2043-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                         | ARIZONA INDL DEV AUTH DEV REVE AZSDEV 12/55 FIXED 6.75      | CUSIP: 04052LAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250772.40    | 0.12%             | 2055-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                      | ILLINOIS ST ILS 05/30 FIXED OID 5.5                         | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    850000 | PA      | $899779.74    | 0.44%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALACHUA COUNTY HOUSING FINANCE AUTHORITY                         | ALACHUA CNTY FL HSG FIN AUTH M ALAMFH 07/55 ADJUSTABLE VAR  | CUSIP: 01068LAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251315.95    | 0.12%             | 2055-07-01      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| DENTON ESSENTIAL INVESTMENTS PFC                                 | BBRA 8.949 06/01/59                                         | CUSIP: 955KSDII5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $520000.00    | 0.25%             | 2059-06-01      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| LOUISIANA PUBLIC FACILITIES AUTHORITY                            | LOUISIANA PUB FACS AUTH REVENU LASFAC 04/50 FIXED 4         | CUSIP: 546399PF7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    660000 | PA      | $554769.93    | 0.27%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE           | PUERTO RICO SALES TAX FING COR PRCGEN 07/51 ZEROCPNOID 0    | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  17345000 | PA      | $4055425.78   | 1.99%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PORT AUTHORITY                                         | LANCASTER OH PORT AUTH GAS REV LANUTL 02/55 ADJUSTABLE VAR  | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158670.00    | 0.08%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE | WASHINGTON DC MET AREA TRANSIT WA MET AREA TRANSIT A        | CUSIP: 93878YDX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302595.81    | 0.15%             | 2056-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP              | NEW HOPE CULTURAL ED FACS FIN NHPFAC 11/60 FIXED 5          | CUSIP: 64542UHC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919453.50    | 0.45%             | 2060-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLOW BEND METROPOLITAN DISTRICT                                | WILLOW BEND MET DIST CO WILDEV 12/49 FIXED 5                | CUSIP: 97111VAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $447824.25    | 0.22%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                          | FREDDIE MAC MULTIFAMILY FRETE 2023 ML20 AUS                 | CUSIP: 3137HBCD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    494929 | PA      | $500859.69    | 0.25%             | 2040-08-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY           | CALIFORNIA ST STWD CMNTYS DEV 11/59 1                       | CUSIP: 13079PXY4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $172159.16    | 0.08%             | 2059-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOSPITAL FINANCE AUTHORITY                        | MICHIGAN ST HOSP FIN AUTH MISMED 08/55 ADJUSTABLE VAR       | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1617613.35   | 0.79%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| EP ESSENTIAL HOUSING WF PFC                                      | EP ESSENTIAL HOUSING WF PFC TX EPEHSG 12/34 FIXED OID 4.25  | CUSIP: 29416AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $396987.64    | 0.19%             | 2034-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY                         | PHOENIX AZ INDL DEV AUTH STUDE PHODEV 07/28 FIXED 5         | CUSIP: 71885DCT7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258137.78    | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 10/48 FIXED 5         | CUSIP: 57584XA27<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917941.10    | 0.45%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORPORATION                       | DALLAS TX HSG FIN CORP RSDL DE DALHSG 12/62 FIXED OID 6     | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $224827.40    | 0.11%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 03/55 ADJUSTABLE VAR  | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2090685.00   | 1.02%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK          | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/60 ZEROCPNOID 0      | CUSIP: 13034AG95<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $176234.40    | 0.09%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT                     | MIDTOWN MIAMI FL CDD SPL ASSMN MDTDEV 05/29 FIXED 5         | CUSIP: 59807PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $615362.67    | 0.30%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE ISLAN                         | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/40 FIXED 5         | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999991.50    | 0.49%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS STATE                                              | MASSACHUSETTS ST MAS 07/48 FIXED 5                          | CUSIP: 57582RD60<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    600000 | PA      | $602863.92    | 0.30%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PRINCETON TX                                             | PRINCETON TX SPL ASSMNT REVENU PRIGEN 09/45 FIXED OID 5.375 | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $404828.09    | 0.20%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                        | SAN JOAQUIN VLY CLEAN ENERGY A SSJUTL 01/56 ADJUSTABLE VAR  | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |    300000 | PA      | $329262.45    | 0.16%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM REVENUE        | N TEXAS ST MUNI WTR DIST WTR S N TEXAS MUNI WTR DT          | CUSIP: 662903J95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085146.80   | 1.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FA                         | NEW JERSEY ST HSG   MTGE FIN A NJSHSG 05/41 FIXED 4.55      | CUSIP: 646127FS4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001594.20   | 0.49%             | 2041-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT             | BABCOCK RANCH CMNTY INDEP SPL BARGEN 05/32 FIXED OID 4.25   | CUSIP: 05616KBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $391547.01    | 0.19%             | 2032-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EDGEWATER WEST COMMUNITY DEVELOPMENT DISTRICT                    | EDGEWATER WEST CDD FL SPL ASSM EDWDEV 05/44 FIXED 5.25      | CUSIP: 28035BAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $469951.25    | 0.23%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY                    | PORT AUTH OF NEW YORK   NEW JE PORTRN 08/47 FIXED 5.25      | CUSIP: 73358XGM8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015937.90   | 0.50%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GIR EAST COMMUNITY DEVELOPMENT DISTRICT                          | GIR EAST CDD FL CAPITAL IMPT R GIRDEV 05/45 FIXED 5.3       | CUSIP: 37611TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946085.90    | 0.46%             | 2045-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                          | FREDDIE MAC STRUCTURED PASS TH FMPGEN 10/40 ADJUSTABLE VAR  | CUSIP: 3137HCXR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    496037 | PA      | $505902.00    | 0.25%             | 2040-10-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| CITY OF RENO NV                                                  | RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0         | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $149415.40    | 0.07%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE      | MET WASHINGTON DC ARPTS AUTH A METAPT 10/46 FIXED 5         | CUSIP: 592647KM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000901.90   | 0.49%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORMANDY COMMUNITY DEVELOPMENT DISTRICT                          | NORMANDY CDD FL CAPITAL IMPT R NORMANDY CDD                 | CUSIP: 65618HAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $229933.18    | 0.11%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATION REVENUE                         | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/34 FIXED 5         | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $754962.95    | 0.37%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/36 FIXED OID 4.25  | CUSIP: 64542PBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $717600.00    | 0.35%             | 2036-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA HEALTH FACS AUTH FEV                             | ORANGE CNTY FL HLTH FACS AUTH ORANGE CO HLTH FACS           | CUSIP: 68450LJB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $146283.51    | 0.07%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING FINANCE AUTHOR                                   | INDIANA ST HSG   CMNTY DEV AUT INSMFH 07/56 ADJUSTABLE VAR  | CUSIP: 45506CAP2<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    300000 | PA      | $283911.75    | 0.14%             | 2056-07-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| AVENIR COMMUNITY DEVELOPMENT DISTRICT                            | AVENIR FL CDD SPL ASSMNT AVRDEV 05/54 FIXED OID 5.625       | CUSIP: 05357JAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $404274.73    | 0.20%             | 2054-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                      | WASHINGTON ST HSG FIN COMMISSI WASHSG 07/59 FIXED 6         | CUSIP: 939783U20<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499232.20    | 0.24%             | 2059-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY                   | AEROTROPOLIS REGL TRANPRTN AUT AERTRN 12/44 FIXED 5.5       | CUSIP: 008051AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968156.50    | 0.47%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTHORITY                                          | CAPITAL TRUST AUTH FL EDUCTNL CTSEDU 07/50 FIXED OID 5.25   | CUSIP: 14054WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1236037.79   | 0.61%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOBILE COUNTY INDUSTRIAL DEVEL                                   | MOBILE CNTY AL INDL DEV AUTH S MOBPOL 06/54 FIXED 5         | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1911149.43   | 0.94%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL WE6100 FR 08/38 FIXED 4.25                | CUSIP: 3132YBX50<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    991567 | PA      | $979770.79    | 0.48%             | 2038-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA                                                   | LEHIGH CNTY PA GEN PURPOSE HOS LEHMED 07/49 FIXED 4         | CUSIP: 52480GDZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $423496.60    | 0.21%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN GEM COMMUNITY DEVELOPMENT DISTRICT                        | GEM CMNTY DEV DIST FLA 05/44 5.7                            | CUSIP: 38105CAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975463.00    | 0.48%             | 2044-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CLUB MUNICIPAL MANAGEMENT DISTRICT NO 1                          | CLUB MUNI MGMT DIST  1 TX SPL CLBGEN 09/44 FIXED 5.1        | CUSIP: 18948PAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $334721.66    | 0.16%             | 2044-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE           | PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.55      | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    500000 | PA      | $479766.30    | 0.24%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT           | DOWNTOWN REVITALIZATION PUBLIC DTRFAC 07/35 FIXED 5         | CUSIP: 26118TBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003656.60   | 0.49%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA CIVIC DEVELOPMENT CORP                                  | ONONDAGA NY CIVIC DEV CORP ONODEV 08/54 FIXED OID 5         | CUSIP: 682832KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $789000.20    | 0.39%             | 2054-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                         | PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 06/45 FIXED 5.25      | CUSIP: 74439YFY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $548073.24    | 0.27%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                  | BALDWIN CNTY AL INDL DEV AUTH BLWPOL 06/55 ADJUSTABLE VAR   | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $807203.52    | 0.40%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WATER & SANITATION DISTRICT                             | DOMINION WTR   SANTN DIST CO R DOMWTR 12/52 FIXED 5.875     | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1959823.52   | 0.96%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                              | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/41 FIXED 3.714     | CUSIP: 38122ND58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1531301.00   | 0.75%             | 2041-06-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| GAS WORX COMMUNITY DEVELOPMENT DISTRICT                          | GAS WORX CDD FL SPL ASSMNT GSWGEN 05/36 FIXED 5             | CUSIP: 367200AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $620200.62    | 0.30%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TEX                                                  | DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/55 FIXED 6.125     | CUSIP: 24880GAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008072.20   | 0.49%             | 2055-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA            | MONTGOMERY CNTY PA INDL DEV AU MONDEV 06/29 FIXED 4.1       | CUSIP: 61361TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515082.70    | 0.25%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DENTON ESSENTIAL INVESTMENTS PFC                                 | BBRA 7.215 06/02/59                                         | CUSIP: 955KSCII7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1620000.00   | 0.79%             | 2059-06-02      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                         | NATIONAL FIN AUTH NH SENIOR LI NFADEV 01/30 FIXED 4         | CUSIP: 63608SAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $277536.70    | 0.14%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY            | WISCONSIN HLTH EDL FACS AUTH S WISMED 07/43 FIXED OID 4.5   | CUSIP: 97671VBG9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $83806.08     | 0.04%             | 2043-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTERNATIONAL AIRPORT                              | CHICAGO IL O HARE INTERNATIONA CHITRN 01/33 FIXED 5         | CUSIP: 1675935R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539515.95    | 0.26%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEVELOPMENT FINANCE CORPORATION                          | FLORIDA ST DEV FIN CORP FLORIDA DEV FIN CORP                | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999064.10    | 0.49%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEVELOPMENT FINANCE CORPORATION                          | FLORIDA DEV FIN CORP 08/49 5.25                             | CUSIP: 34061QCT2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004631.80   | 0.49%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY                 | PORT OF GTR CINCINNATI DEV AUT PRTDEV 01/45 FIXED 6.5       | CUSIP: 73419RAE2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151433.75    | 0.07%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/44 FIXED 5         | CUSIP: 57585BBS6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    350000 | PA      | $333092.48    | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                            | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 09/62 INT APROID VAR  | CUSIP: 126292CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $305114.25    | 0.15%             | 2062-09-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/55 FIXED 6.875     | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    200000 | PA      | $171644.26    | 0.08%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAK0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $238572.88    | 0.12%             | 2053-03-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/31 FIXED OID 4     | CUSIP: 64542PBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $202800.00    | 0.10%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANTILLIA COMMUNITY DEVELOPMENT DISTRICT                          | ANTILLIA CDD FL SPL ASSMNT ANTILLIA CDD                     | CUSIP: 03706FAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $698825.67    | 0.34%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                      | OHIO ST HSG FIN AGY RSDL MTGE OHSHSG 03/55 FIXED 6.25       | CUSIP: 67756UBE7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    700000 | PA      | $769111.14    | 0.38%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                 | CALIFORNIA ST CAS 12/30 FIXED 3.875                         | CUSIP: 13063CXP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495282.60    | 0.24%             | 2030-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP                      | PROV ST JOSEPH HLTH OBL SR UNSECURED 10/33 5.403            | CUSIP: 743820AC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $708188.51    | 0.35%             | 2033-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                      | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6         | CUSIP: 676900XJ7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $237104.35    | 0.12%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNSONS CNTY FLA INDL DEV AUTH                               | SAINT JOHNS CNTY FL INDL DEV A STJMED 12/31 FIXED 4         | CUSIP: 79041LAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $200328.74    | 0.10%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 05/55 ADJUSTABLE VAR  | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1584707.70   | 0.78%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH COUNTY SCHOOL DISTRICT NO 40                           | MULTNOMAH CNTY OR SCH DIST  40 MULSCD 06/38 ZEROCPNOID 0    | CUSIP: 625693JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $416486.63    | 0.20%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRICT NO 7         | COLORADO INTL CTR MET DIST NO CICDEV 12/51 INT APROID VAR   | CUSIP: 19650TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $576969.15    | 0.28%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| THE ATLANTA DEVELOPMENT AUTHORITY                                | ATLANTA GA DEV AUTH ATLDEV 12/48 INT APROID VAR             | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $437340.60    | 0.21%             | 2048-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS COUNTY HOUSING AUTHORITY                                 | DOUGLAS CNTY GA HSG AUTH MF TA DOUMFH 04/43 FIXED 4.375     | CUSIP: 259029AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947053.40    | 0.46%             | 2043-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE UNIVERSITY SYSTEM                                    | TEXAS ST UNIV SYS FING REVENUE TXSHGR 03/42 FIXED 5         | CUSIP: 88278PJ54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044424.60   | 0.51%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PIMCO Managed Accounts Trust

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer