# EDGAR Filing Document

**Accession Number:** 0000866700
**File Stem:** 0001193125-26-020439
**Filing Date:** 2026-1
**Character Count:** 77644
**Document Hash:** 0c33b401ae399b3db0cdc5d34115b5a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-020439.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001193125-26-020439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Municipal Securities Income Trust
- **CENTRAL INDEX KEY:** 0000866700

**ORGANIZATION NAME:**
- **EIN:** 251695291
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06165
- **FILM NUMBER:** 26553647

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED MUNICIPAL SECURITIES INCOME TRUST
- **DATE OF NAME CHANGE:** 19991029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNICIPAL SECURITIES INCOME TRUST
- **DATE OF NAME CHANGE:** 19921023

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Federated Hermes Ohio Municipal Income Fund (Series ID: S000009093)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024703 | Class F Shares       | OMIFX           |
| C000070760 | Class A Shares       | OMIAX           |
| C000219236 | Institutional Shares | OMIIX           |

## Nport-Ex

Federated Hermes Ohio Municipal Income Fund

Portfolio of Investments

November 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—99.5% |  |
|  | **Guam—0.7%** |  |
| $500000 | Guam Government, Business Privilege Tax Refunding Bonds (Series 2025G), 5.000%, 1/1/2031 | &nbsp;&nbsp; $542745 |
|  | **Ohio—95.5%** |  |
| &nbsp;&nbsp; 1000000 | Akron, Bath & Copley, OH Joint Township Hospital District (Children's Hospital Medical Center, Akron), Hospital Refunding <br> Revenue Bonds (Series 2002A), (Original Issue Yield: 4.120%), 4.000%, 11/15/2042<br>| &nbsp;&nbsp; 978007 |
| &nbsp;&nbsp; 1000000 | Akron, Bath & Copley, OH Joint Township Hospital District (Summa Health System), Hospital Facilities Revenue Bonds <br> (Series 2016), (United States Treasury PRF 11/15/2026@100), 5.250%, 11/15/2041<br>| &nbsp;&nbsp; 1025395 |
| &nbsp;&nbsp; 380000 | American Municipal Power-Ohio, Inc. (AMP - Combined Hydroelectric Projects), Revenue Bonds (Series 2024A), <br> 5.000%, 2/15/2036<br>| &nbsp;&nbsp; 431708 |
| &nbsp;&nbsp; 1000000 | American Municipal Power-Ohio, Inc. (AMP - Combined Hydroelectric Projects), Revenue Refunding Bonds (Series 2025A), <br> 5.000%, 2/15/2046<br>| &nbsp;&nbsp; 1058531 |
| &nbsp;&nbsp; 545000 | American Municipal Power-Ohio, Inc. (AMP - Greenup Hydroelectric Project), Revenue Bonds (Series 2016A), (United States <br> Treasury PRF 2/15/2026@100), 4.000%, 2/15/2036<br>| &nbsp;&nbsp; 546593 |
| &nbsp;&nbsp; 1500000 | American Municipal Power-Ohio, Inc. (AMP - Prairie State Energy), Revenue Bonds (Series 2019C), 4.000%, 2/15/2039 | &nbsp;&nbsp; 1512091 |
| &nbsp;&nbsp; 1000000 | Avon Lake, OH City School District, School Facilities Bonds (Series 2025), 5.000%, 12/1/2052 | &nbsp;&nbsp; 1045753 |
| &nbsp;&nbsp; 635000 | Avon Lake, OH City School District, UT GO Refunding Bonds (Series 2014A), 3.500%, 12/1/2029 | &nbsp;&nbsp; 635102 |
| &nbsp;&nbsp; 530000 | Big Walnut, OH Local School District, School Facilities Construction and Improvement Bonds (Series 2018B), <br> 5.000%, 12/1/2040<br>| &nbsp;&nbsp; 549065 |
| &nbsp;&nbsp; 130000 | Bowling Green State University, OH, General Receipts Bonds (Series 2017B), 3.500%, 6/1/2037 | &nbsp;&nbsp; 128892 |
| &nbsp;&nbsp; 255000 | Bowling Green State University, OH, General Receipts Bonds (Series 2020A), 4.000%, 6/1/2038 | &nbsp;&nbsp; 259904 |
| &nbsp;&nbsp; 130000 | Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Refunding Bonds <br> (Series 2020A-2 Class 1), 4.000%, 6/1/2038<br>| &nbsp;&nbsp; 126837 |
| &nbsp;&nbsp; 350000 | Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Refunding Bonds <br> (Series 2020A-2 Class 1), 5.000%, 6/1/2036<br>| &nbsp;&nbsp; 365706 |
| &nbsp;&nbsp; 850000 | Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Refunding Bonds <br> (Series 2020B-2 Class 2), 5.000%, 6/1/2055<br>| &nbsp;&nbsp; 715753 |
| &nbsp;&nbsp; 235000 | Cincinnati, OH Water System, Refunding Revenue Bonds (Series 2017A), 3.000%, 12/1/2035 | &nbsp;&nbsp; 231718 |
| &nbsp;&nbsp; 1350000 | Cleveland, OH (Cleveland, OH Water Pollution Control), Water Pollution Control Revenue Bonds (Series 2024), <br> 5.000%, 11/15/2054<br>| &nbsp;&nbsp; 1411020 |
| &nbsp;&nbsp; 1100000 | Cleveland, OH (Cleveland, OH Water), Revenue Bonds (Series 2024HH), 5.000%, 1/1/2054 | &nbsp;&nbsp; 1163693 |
| &nbsp;&nbsp; 500000 | Cleveland, OH Airport System, Airport System Revenue Bonds (Series 2018A), 5.000%, 1/1/2027 | &nbsp;&nbsp; 509847 |
| &nbsp;&nbsp; 1000000 | Cleveland, OH Income Tax (Cleveland, OH), Subordinate Lien Income Tax Public Facilities Improvements Refunding Bonds <br> (Series 2017B), 5.000%, 10/1/2030<br>| &nbsp;&nbsp; 1050626 |
| &nbsp;&nbsp; 125000 | Cleveland, OH, LT GO Various Purpose and Refunding Bonds (Series 2021A), 3.000%, 12/1/2031 | &nbsp;&nbsp; 125569 |
| &nbsp;&nbsp; 155000 | Cleveland, OH, Various Purpose GO Bonds (Series 2021A), 3.000%, 12/1/2033 | &nbsp;&nbsp; 154259 |
| &nbsp;&nbsp; 220000 | Cleveland, OH, Various Purpose GO Bonds (Series 2023A), 5.000%, 12/1/2043 | &nbsp;&nbsp; 236162 |
| &nbsp;&nbsp; 235000 | Cleveland, OH, Various Purpose GO Bonds (Series 2023A), 5.000%, 12/1/2045 | &nbsp;&nbsp; 249763 |
| &nbsp;&nbsp; 2000000 | Columbus, OH City School District, School Facilities Construction & Improvement UT GO Bonds (Series 2017), (Ohio School <br> District Credit Enhancement GTD), 5.000%, 12/1/2047<br>| &nbsp;&nbsp; 2001957 |
| &nbsp;&nbsp; 1205000 | Columbus, OH Regional Airport Authority, Airport Revenue Bonds (Series 2025A), 5.250%, 1/1/2041 | &nbsp;&nbsp; 1301826 |
| &nbsp;&nbsp; 500000 | Columbus, OH Regional Airport Authority, Airport Revenue Bonds (Series 2025A), 5.500%, 1/1/2055 | &nbsp;&nbsp; 528910 |
| &nbsp;&nbsp; 500000 | Copley-Fairlawn, OH School District, UT GO Classroom Facilities Construction and Improvement Bonds (Series 2023), <br> 4.000%, 12/1/2052<br>| &nbsp;&nbsp; 469680 |
| &nbsp;&nbsp; 250000 | Cuyahoga County, OH, Capital Improvement and Refunding Bonds (Series 2019), 3.000%, 12/1/2032 | &nbsp;&nbsp; 249554 |
| &nbsp;&nbsp; 275000 | Cuyahoga County, OH, Quicken Loans Arena Sales Tax Revenue Bonds (Series 2017A), (Original Issue Yield: 3.100%), <br> 3.000%, 1/1/2032<br>| &nbsp;&nbsp; 274856 |
| &nbsp;&nbsp; 800000 | Dayton-Montgomery County, OH Port Authority (Dayton Regional STEM Schools, Inc.), Development Revenue Bonds <br> (Series 2024), 5.000%, 12/1/2054<br>| &nbsp;&nbsp; 796140 |
| &nbsp;&nbsp; 1060000 | Franklin County, OH (Nationwide Children's Hospital), Hospital Facilities Revenue Refunding and Improvement Bonds <br> (Series 2017A), 4.000%, 11/1/2047<br>| &nbsp;&nbsp; 990119 |
| &nbsp;&nbsp; 1000000 | Franklin County, OH (Nationwide Children's Hospital), Hospital Refunding and Improvement Revenue Bonds (Series 2025A), <br> 5.250%, 11/1/2055<br>| &nbsp;&nbsp; 1056798 |

---

**1**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Ohio—continued** |  |
| $1000000 | Franklin County, OH Convention Facilities Authority (Greater Columbus Convention Center Hotel), Hotel Project Revenue <br> Bonds (Series 2019), 5.000%, 12/1/2044<br>| &nbsp;&nbsp; $1000399 |
| &nbsp;&nbsp; 1000000 | Franklin County, OH Convention Facilities Authority, Lease Revenue Anticipation Refunding Bonds (Series 2024), <br> 5.000%, 12/1/2034<br>| &nbsp;&nbsp; 1157775 |
| &nbsp;&nbsp; 1000000 | Franklin County, OH Health Care Facilities (Friendship Village of Dublin, OH, Inc.), Refunding & Improvement Bonds <br> (Series 2014), 5.000%, 11/15/2044<br>| &nbsp;&nbsp; 966375 |
| &nbsp;&nbsp; 720000 | Gahanna OH, City of, Capital Facilities Bonds (Series 2024B), 4.000%, 12/1/2046 | &nbsp;&nbsp; 699422 |
| &nbsp;&nbsp; 615000 | Green, OH School District, School Facilities Construction and Improvement Bonds (Series 2019), (Ohio School District Credit <br> Enhancement INS), 3.000%, 11/1/2033<br>| &nbsp;&nbsp; 611123 |
| &nbsp;&nbsp; 200000 | Greenon Local School District, UT GO Bonds (Series 2017), 4.000%, 10/1/2033 | &nbsp;&nbsp; 201729 |
| &nbsp;&nbsp; 1000000 | Hamilton County, OH (Cincinnati Children's Hospital Medical Center), Hospital Facilities Revenue Bonds (Series 2019CC), <br> 5.000%, 11/15/2041<br>| &nbsp;&nbsp; 1142654 |
| &nbsp;&nbsp; 500000 | Hamilton County, OH (Life Enriching Communities), Healthcare Improvement and Refunding Revenue Bonds (Series 2016), <br> 5.000%, 1/1/2036<br>| &nbsp;&nbsp; 500322 |
| &nbsp;&nbsp; 500000 | Hamilton County, OH (Life Enriching Communities), Healthcare Improvement and Refunding Revenue Bonds (Series 2016), <br> 5.000%, 1/1/2051<br>| &nbsp;&nbsp; 477892 |
| &nbsp;&nbsp; 1000000 | Hamilton County, OH (Life Enriching Communities), Healthcare Improvement and Refunding Revenue Bonds (Series 2025), <br> 5.500%, 1/1/2050<br>| &nbsp;&nbsp; 1020818 |
| &nbsp;&nbsp; 500000 | Hamilton County, OH (Life Enriching Communities), Hospital Revenue Bonds (Series 2023A), 5.750%, 1/1/2053 | &nbsp;&nbsp; 516391 |
| &nbsp;&nbsp; 500000 | Hamilton County, OH Sewer System Revenue, Sewer System Revenue and Refunding Revenue Bonds (Series 2024A), <br> 5.000%, 12/1/2053<br>| &nbsp;&nbsp; 521982 |
| &nbsp;&nbsp; 1000000 | Hamilton County, OH, LT GO Refunding Bonds (Series 2017A), 5.000%, 12/1/2037 | &nbsp;&nbsp; 1027085 |
| &nbsp;&nbsp; 675000 | JobsOhio Beverage System, OH, Revenue Refunding and New Money Bonds (Series 2025A), 5.000%, 1/1/2053 | &nbsp;&nbsp; 711892 |
| &nbsp;&nbsp; 150000 | Kings Local School District, OH, UT GO School Improvement Bonds (Series 2025), 5.000%, 12/1/2031 | &nbsp;&nbsp; 167751 |
| &nbsp;&nbsp; 180000 | Kings Local School District, OH, UT GO School Improvement Bonds (Series 2025), 5.000%, 12/1/2032 | &nbsp;&nbsp; 201929 |
| &nbsp;&nbsp; 135000 | Licking Heights, OH Local School District, School Facilities Construction and Improvement Bonds (Series 2017A), (Ohio School <br> District Credit Enhancement INS), 3.375%, 10/1/2047<br>| &nbsp;&nbsp; 112070 |
| &nbsp;&nbsp; 155000 | Little Miami, OH Local School District, UT GO Bonds (Series 2018A), (Ohio School District Credit Enhancement GTD), <br> 4.000%, 11/1/2055<br>| &nbsp;&nbsp; 135772 |
| &nbsp;&nbsp; 335000 | Lucas County, OH, Capital Facility Improvement Bonds (Series 2020), 3.000%, 12/1/2037 | &nbsp;&nbsp; 300570 |
| &nbsp;&nbsp; 415000 | Miami County, OH Hospital Facility (Kettering Health Network Obligated Group), Hospital Facilities Improvement and <br> Refunding Revenue Bonds (Series 2019), 5.000%, 8/1/2034<br>| &nbsp;&nbsp; 433280 |
| &nbsp;&nbsp; 375000 | Miami County, OH Hospital Facility (Kettering Health Network Obligated Group), Hospital Facilities Improvement and <br> Refunding Revenue Bonds (Series 2019), 5.000%, 8/1/2036<br>| &nbsp;&nbsp; 389418 |
| &nbsp;&nbsp; 725000 | Miami University, OH, General Receipts Revenue and Refunding Bonds (Series 2024A), 5.000%, 9/1/2039 | &nbsp;&nbsp; 809559 |
| &nbsp;&nbsp; 410000 | Milford, OH Exempted Village School District, UT GO School Improvement Refunding Bonds (Series 2025), (Ohio School <br> District Credit Enhancement INS), 5.000%, 12/1/2033<br>| &nbsp;&nbsp; 469216 |
| &nbsp;&nbsp; 500000 | Montgomery County, OH (Solvita), Health Care Facilities Revenue Refunding and Improvement Bonds (Series 2024), <br> 5.250%, 9/1/2054<br>| &nbsp;&nbsp; 513362 |
| &nbsp;&nbsp; 1000000 | North Canton, OH, LT GO Fire Station Construction Bonds (Series 2025), (Original Issue Yield: 5.090%), 5.000%, 12/1/2053 | &nbsp;&nbsp; 1024456 |
| &nbsp;&nbsp; 1000000 | North Olmsted, OH School District, UT GO School Improvement Bonds (Series 2023B), (Assured Guaranty, Inc. INS), <br> 5.500%, 10/15/2059<br>| &nbsp;&nbsp; 1054739 |
| &nbsp;&nbsp; 550000 | North Ridgeville, OH CSD, School Improvement Bonds (Series 2024), 4.375%, 12/1/2050 | &nbsp;&nbsp; 534413 |
| &nbsp;&nbsp; 275000 | North Royalton, OH City School District, UT GO School Improvement Refunding Bonds (Series 2025), 5.000%, 12/1/2045 | &nbsp;&nbsp; 294887 |
| &nbsp;&nbsp; 1150000 | Oberlin City School District, Certificates of Participation (Series 2025), 4.500%, 11/1/2049 | &nbsp;&nbsp; 1150671 |
| &nbsp;&nbsp; 1000000 | Ohio Air Quality Development Authority (American Electric Power Co., Inc.), Air Quality Revenue Refunding Bonds <br> (Series 2005), 3.750%, 1/1/2029<br>| &nbsp;&nbsp; 1002524 |
| &nbsp;&nbsp; 500000 | Ohio Air Quality Development Authority (Pratt Paper (OH), LLC), Exempt Facilities Revenue Bonds (Series 2017), <br> 4.250%, 1/15/2038<br>| &nbsp;&nbsp; 500675 |
| &nbsp;&nbsp; 500000 | Ohio Air Quality Development Authority (Pratt Paper (OH), LLC), Exempt Facilities Revenue Bonds (Series 2017), <br> 4.500%, 1/15/2048<br>| &nbsp;&nbsp; 467416 |
| &nbsp;&nbsp; 490000 | Ohio HFA, Residential Mortgage Revenue Bonds (Series 2024A), 4.650%, 9/1/2054 | &nbsp;&nbsp; 485929 |
| &nbsp;&nbsp; 395000 | Ohio HFA, Residential Mortgage Revenue Bonds (Series 2024B), 4.100%, 9/1/2039 | &nbsp;&nbsp; 397431 |
| &nbsp;&nbsp; 100000 | Ohio HFA, Residential Mortgage Revenue Bonds (Series 2025B), 5.100%, 9/1/2045 | &nbsp;&nbsp; 103840 |
| &nbsp;&nbsp; 240000 | Ohio State (Columbus, OH), Transportation Project Revenue Bonds (Series 2016-1), 2.750%, 11/15/2031 | &nbsp;&nbsp; 236112 |

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**2**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Ohio—continued** |  |
| $200000 | Ohio State Higher Educational Facility Commission (Ashtabula County Medical Center), Healthcare Facility Revenue Bonds <br> (Series 2022), 5.250%, 1/1/2052<br>| &nbsp;&nbsp; $201125 |
| &nbsp;&nbsp; 100000 | Ohio State Higher Educational Facility Commission (Case Western Reserve University, OH), Higher Educational Facility <br> Revenue Bonds (Series 2016), 3.250%, 12/1/2035<br>| &nbsp;&nbsp; 98403 |
| &nbsp;&nbsp; 1155000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), Hospital Refunding Revenue Bonds (Series 2017A), <br> 4.000%, 1/1/2039<br>| &nbsp;&nbsp; 1158958 |
| &nbsp;&nbsp; 250000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), Hospital Revenue Refunding Bonds (Series 2017A), <br> 3.250%, 1/1/2037<br>| &nbsp;&nbsp; 242648 |
| &nbsp;&nbsp; 1000000 | Ohio State Higher Educational Facility Commission (Judson Obligated Group), Healthcare Facility Revenue Bonds <br> (Series 2020A), 5.000%, 12/1/2050<br>| &nbsp;&nbsp; 932590 |
| &nbsp;&nbsp; 500000 | Ohio State Higher Educational Facility Commission (Otterbein Homes), Health Facility Revenue Bonds (Series 2021B), <br> 4.000%, 7/1/2031<br>| &nbsp;&nbsp; 516854 |
| &nbsp;&nbsp; 1000000 | Ohio State Higher Educational Facility Commission (University of Dayton), Revenue Bonds (Series 2022A), (Original Issue Yield: <br> 4.240%), 4.000%, 2/1/2052<br>| &nbsp;&nbsp; 870442 |
| &nbsp;&nbsp; 175000 | Ohio State Water Development Authority Pollution Control Facilities (Ohio State Water Development Authority), Water <br> Pollution Control Loan Fund Refunding Revenue and Revenue Bonds (Series 2019B), 3.000%, 12/1/2034<br>| &nbsp;&nbsp; 174345 |
| &nbsp;&nbsp; 470000 | Ohio State Water Development Authority Pollution Control Facilities (Ohio State Water Development Authority), Water <br> Pollution Control Loan Fund Revenue Bonds (Series 2019B), 5.000%, 12/1/2035<br>| &nbsp;&nbsp; 508614 |
| &nbsp;&nbsp; 1060000 | Ohio State Water Development Authority Pollution Control Facilities (Ohio State Water Development Authority), Water <br> Pollution Control Loan Fund Revenue Bonds (Series 2020A), 5.000%, 12/1/2050<br>| &nbsp;&nbsp; 1095046 |
| &nbsp;&nbsp; 1260000 | Ohio State Water Development Authority Pollution Control Facilities (Ohio State Water Development Authority), Water <br> Pollution Control Loan Fund Revenue Bonds (Series 2021A), 5.000%, 12/1/2046<br>| &nbsp;&nbsp; 1326194 |
| &nbsp;&nbsp; 500000 | Ohio State, Capital Facilities Lease-Appropriation Bonds (Series 2025A), 5.000%, 4/1/2030 | &nbsp;&nbsp; 550252 |
| &nbsp;&nbsp; 2000000 | Ohio State, Capital Facilities Lease-Appropriation Bonds (Series 2025B), 5.000%, 10/1/2045 | &nbsp;&nbsp; 2147471 |
| &nbsp;&nbsp; 750000 | Ohio State, Capital Facilities Lease-Appropriation Bonds Adult Correctional Building Fund (Series 2017A), 5.000%, 10/1/2034 | &nbsp;&nbsp; 770532 |
| &nbsp;&nbsp; 1460000 | Ohio State, Capital Facilities Lease-Appropriation Bonds Adult Correctional Building Fund (Series 2017A), 5.000%, 10/1/2035 | &nbsp;&nbsp; 1494480 |
| &nbsp;&nbsp; 465000 | Ohio State, Higher Education UT GO Bonds (Series 2019A), 5.000%, 5/1/2036 | &nbsp;&nbsp; 477460 |
| &nbsp;&nbsp; 990000 | Ohio State, Higher Education UT GO Bonds (Series 2021A), 4.000%, 5/1/2036 | &nbsp;&nbsp; 1034890 |
| &nbsp;&nbsp; 1050000 | Ohio State, UT GO Bonds (Series 2019A), 5.000%, 6/15/2037 | &nbsp;&nbsp; 1118716 |
| &nbsp;&nbsp; 1210000<br><sup>1</sup> <br>| Ohio State, UT GO Higher Education Bonds (Series 2019A), 5.000%, 5/1/2032 | &nbsp;&nbsp; 1250775 |
| &nbsp;&nbsp; 205000 | Perry, OH Local School District, UT GO School Improvement Bonds (Series 2020), (Ohio School District Credit Enhancement <br> INS), 3.000%, 11/1/2035<br>| &nbsp;&nbsp; 200281 |
| &nbsp;&nbsp; 350000 | Port of Greater Cincinnati, OH Development Authority (3CDC Parking Facilities Obligated Group), Parking Revenue and <br> Refunding Bonds (Series 2025A), (Assured Guaranty, Inc. INS), 5.000%, 12/1/2055<br>| &nbsp;&nbsp; 355716 |
| &nbsp;&nbsp; 450000 | Port of Greater Cincinnati, OH Development Authority (Duke Energy Convention Center), First Subordinate Development <br> Revenue and Refunding Bonds (Series 2024B), (Assured Guaranty, Inc. GTD), 5.000%, 12/1/2032<br>| &nbsp;&nbsp; 508927 |
| &nbsp;&nbsp; 750000 | Port of Greater Cincinnati, OH Development Authority (Duke Energy Convention Center), First Subordinate Development <br> Revenue and Refunding Bonds (Series 2024B), 5.000%, 12/1/2063<br>| &nbsp;&nbsp; 761135 |
| &nbsp;&nbsp; 775000 | Revere, OH Local School District, School Facilities Improvement Refunding Bonds (Series 2017), 3.250%, 12/1/2045 | &nbsp;&nbsp; 647580 |
| &nbsp;&nbsp; 500000 | Shaker Heights, OH, School Facilities Improvement Bonds (Series 2024), 4.375%, 12/15/2061 | &nbsp;&nbsp; 485824 |
| &nbsp;&nbsp; 1135000 | Shaker Heights, OH, UT GO Bonds, 4.000%, 12/1/2052 | &nbsp;&nbsp; 1035913 |
| &nbsp;&nbsp; 555000 | Toledo, OH, LT GO Various Purpose Improvement Bonds (Series 2022), (Assured Guaranty, Inc. INS), 5.500%, 12/1/2042 | &nbsp;&nbsp; 607459 |
| &nbsp;&nbsp; 1000000 | University of Akron, OH, General Receipts Bonds (Series 2016A), 5.000%, 1/1/2036 | &nbsp;&nbsp; 1007060 |
| &nbsp;&nbsp; 1000000 | University of Cincinnati, OH, General Receipts Bonds (Series 2025A), 5.250%, 6/1/2047 | &nbsp;&nbsp; 1066712 |
| &nbsp;&nbsp; 500000 | Warren County, OH (Community First Solutions), Refunding Revenue Bonds (Series 2024A), 5.000%, 5/15/2049 | &nbsp;&nbsp; 492374 |
| &nbsp;&nbsp; 500000 | Warren County, OH (Community First Solutions), Refunding Revenue Bonds (Series 2024A), 5.000%, 5/15/2052 | &nbsp;&nbsp; 484035 |
| &nbsp;&nbsp; 1000000 | Warren County, OH Health Care Facilities (Otterbein Homes), Improvement and Refunding Revenue Bonds (Series 2024), <br> 5.000%, 7/1/2044<br>| &nbsp;&nbsp; 1021773 |
| &nbsp;&nbsp; 1470000 | Westerville, OH, Capital Facilities Bonds (Series 2025), 5.000%, 12/1/2037 | &nbsp;&nbsp; 1695130 |
| &nbsp;&nbsp; 235000 | Willoughby-Eastlake, OH CSD, UT GO School Improvement Bonds (Series 2016), 3.375%, 12/1/2036 | &nbsp;&nbsp; 227362 |
| &nbsp;&nbsp; 760000 | Winton Woods, OH School District, UT GO Classroom Facilities Refunding Bonds (Series 2022), (Build America Mutual <br> Assurance INS), 4.000%, 11/1/2049<br>| &nbsp;&nbsp; 707840 |
| &nbsp;&nbsp; 500000 | Worthington City, OH City School District, UT GO Bonds (Series 2023), 5.500%, 12/1/2054 | &nbsp;&nbsp; 534836 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 71333465 |
|  | **Puerto Rico—3.3%** |  |
| &nbsp;&nbsp; 771429<br><sup>2</sup> <br>| Commonwealth of Puerto Rico, GO CVI Bonds, 0.000%, 11/1/2043 | &nbsp;&nbsp; 493714 |

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**3**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Puerto Rico—continued** |  |
| $1000000 | Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2033 | &nbsp;&nbsp; $998547 |
| &nbsp;&nbsp; 1000000 | Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A), (Original Issue Yield: 5.154%), <br> 5.000%, 7/1/2058<br>| &nbsp;&nbsp; 972614 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 2464875 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MUNICIPAL BONDS <br>(IDENTIFIED COST $74,594,340)<br>| &nbsp;&nbsp; 74341085 |
| <sup>3</sup> <br>| SHORT-TERM MUNICIPALS—1.0% |  |
|  | **Ohio—1.0%** |  |
| &nbsp;&nbsp; 550000 | Hamilton County, OH (Block 3 Community Urban Redevelopment Corporation), (Series 2004) Weekly VRDNs, (Citizens Bank, <br> N.A. LOC), 2.870%, 12/4/2025<br>| &nbsp;&nbsp; 550000 |
| &nbsp;&nbsp; 200000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2013B-2) Daily VRDNs, (TD Bank, N.A. LIQ), <br> 2.850%, 12/1/2025<br>| &nbsp;&nbsp; 200000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM MUNICIPALS <br>(IDENTIFIED COST $750,000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100.5% <br>(IDENTIFIED COST $75,344,340)<br>| &nbsp;&nbsp; 75091085 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(0.5%)<sup>4</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (345541) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $74745544 |

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Securities that are subject to the federal alternative minimum tax (AMT) represent 4.5% of the Fund's portfolio as calculated based upon total market value.

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| | |
|:---|:---|
| 1 | *Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under* <br> *the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At November 30, 2025, these restricted securities amounted to $1,250,775,* <br> *which represented 1.7% of net assets.*<br>|

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Additional information on restricted securities held at November 30, 2025, is as follows:

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| | | | |
|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Ohio State, UT GO Higher Education Bonds (Series 2019A), 5.000%, 5/1/2032 | &nbsp;&nbsp; 11/7/2023 | &nbsp;&nbsp; $1232522 | &nbsp;&nbsp; $1250775 |

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

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| | |
|:---|:---|
| 2 | *Zero coupon bond.* |
| 3 | *Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are* <br> *not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do* <br> *not indicate a reference rate and spread in their description above.*<br>|
| 4 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at November 30, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses

**4**

------

the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of November 30, 2025, all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| CSD | —Central School District |
| CVI | —Contingent-Value Instruments |
| GO | —General Obligation |
| GTD | —Guaranteed |
| HFA | —Housing Finance Authority |
| INS | —Insured |
| LIQ | —Liquidity Agreement |
| LOC | —Letter of Credit |
| LT | —Limited Tax |
| PRF | —Pre-refunded |
| UT | —Unlimited Tax |
| VRDNs | —Variable Rate Demand Notes |

---

**5**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Municipal Securities Income Trust

- **b. Investment Company Act file number:** 811-06165

- **c. CIK number of Registrant:** 0000866700

- **d. LEI of Registrant:** 254900RAQHES8ITD1U55

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Ohio Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000009093

- **c. LEI of Series:** EXCIXF0TML1VCJK7C095

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $76228290.79

**Total Liabilities:** $1482747.15

**Net Assets:** $74745543.64

**Delayed Delivery Securities:** $1058560.00

**Cash Not Reported:** $98993.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -107.041679700000 | **1-Year:** -2948.085336200000 | **5-Year:** -10198.780866300000 | **10-Year:** -24424.638659700000 | **30-Year:** -8859.077149300000

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

- **3-Month:** -25.204141400000 | **1-Year:** -491.962253300000 | **5-Year:** -1699.158557400000 | **10-Year:** -3490.697803500000 | **30-Year:** -1874.453683400000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024703 | 2.57%                | 1.21%                | 0.34%                |
| Class ID C000070760 | 2.68%                | 1.13%                | 0.35%                |
| Class ID C000219236 | 2.60%                | 1.15%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.03                   | $1716927.72                                |
| Month 2  | $-18873.14               | $707077.27                                 |
| Month 3  | $21178.03                | $54067.65                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CLEVELAND OH                   | City of Cleveland OH                                               | CUSIP: 1863434R7<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    220000 | PA      | $236162.32    | 0.32%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OH HLTH CARE FACS  | County of Warren OH                                                | CUSIP: 93515PEK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021772.70   | 1.37%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENON LOCAL SCH DIST OH      | Greenon Local School District                                      | CUSIP: 39540KAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201729.16    | 0.27%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LUCAS CNTY OH                  | County of Lucas OH                                                 | CUSIP: 54930LTL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $300569.97    | 0.40%             | 2037-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E | OHIO AIR QUALITY DEVELOPMENT AUTHORITY                             | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $467416.15    | 0.63%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                      | CUSIP: 6775226T6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1034889.57   | 1.38%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH CONVENTION FA | Franklin County Convention Facilities Authority                    | CUSIP: 353174JY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1157774.90   | 1.55%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH CITY SCH DIST      | COLUMBUS CITY SCHOOL DISTRICT                                      | CUSIP: 1995075Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001957.40   | 2.68%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH                      | City of Toledo OH                                                  | CUSIP: 889278ZV2<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |    555000 | PA      | $607458.71    | 0.81%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT  | Buckeye Tobacco Settlement Financing Authority                     | CUSIP: 118217CU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $126836.54    | 0.17%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH INCOME TAX REVENU | CITY OF CLEVELAND OH INCOME TAX REVENUE                            | CUSIP: 186387TT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050626.20   | 1.41%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH               | County of Cuyahoga OH                                              | CUSIP: 23223PEZ6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249553.53    | 0.33%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REVENUE       | State of Ohio                                                      | CUSIP: 677561KR2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1158958.19   | 1.55%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH CONVENTION FA | Franklin County Convention Facilities Authority                    | CUSIP: 35317DAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000399.40   | 1.34%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REVENUE  | City of Cleveland OH Airport System Revenue                        | CUSIP: 186352RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509847.05    | 0.68%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund | CUSIP: 67766WZD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1095045.93   | 1.47%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                        | CUSIP: 67756DXL5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932590.20    | 1.25%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGS OH LOCAL SCH DIST        | Kings Local School District                                        | CUSIP: 496026NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167750.82    | 0.22%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH  | American Municipal Power Inc                                       | CUSIP: 02765UPW8<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512091.50   | 2.02%             | 2039-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WORTHINGTON OH CITY SCH DIST   | Worthington City School District                                   | CUSIP: 982038TL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534835.70    | 0.72%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVON LAKE OH CITY SCH DIST     | Avon Lake City School District                                     | CUSIP: 054105KY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635102.24    | 0.85%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH WTR POLL CONTROL  | City of Cleveland OH Water Pollution Control                       | CUSIP: 186423BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1411020.14   | 1.89%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                        | CUSIP: 677510BB4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516854.20    | 0.69%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH OLMSTED OH CITY SCH DIST | North Olmsted City School District                                 | CUSIP: 661309LS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054739.00   | 1.41%             | 2059-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT | Port of Greater Cincinnati Development Authority                   | CUSIP: 734195DP2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    450000 | PA      | $508926.87    | 0.68%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO | AKRON BATH COPLEY JOINT TOWNSHIP HOSPITAL DISTRICT                 | CUSIP: 009730NY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025394.70   | 1.37%             | 2041-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV | County of Hamilton OH                                              | CUSIP: 40727RCL0<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516391.25    | 0.69%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH   | Ohio Air Quality Development Authority                             | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002523.70   | 1.34%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH  | American Municipal Power Inc                                       | CUSIP: 02765UUP7<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058531.50   | 1.42%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CINCINNATI OH RECPTS   | University of Cincinnati                                           | CUSIP: 9141197N6<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066711.90   | 1.43%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund | CUSIP: 67766WYC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $174344.73    | 0.23%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F | County of Montgomery OH                                            | CUSIP: 613518DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513361.75    | 0.69%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OH HOSP FACS REVEN | County of Warren OH                                                | CUSIP: 935158BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484034.95    | 0.65%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                      | CUSIP: 677522F82<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1250775.43   | 1.67%             | 2032-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND OH                   | City of Cleveland OH                                               | CUSIP: 1863434S5<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    235000 | PA      | $249763.29    | 0.33%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERVILLE OH                 | City of Westerville OH                                             | CUSIP: 960011S70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1695130.35   | 2.27%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                        | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    771429 | PA      | $493714.28    | 0.66%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                      | CUSIP: 677522J88<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1118715.57   | 1.50%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REVENUE       | State of Ohio                                                      | CUSIP: 677561KP6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $242648.15    | 0.32%             | 2037-01-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund | CUSIP: 67766WYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $508613.60    | 0.68%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF AKRON OH               | UNIVERSITY OF AKRON/THE                                            | CUSIP: 914023LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007059.60   | 1.35%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV | COUNTY OF HAMILTON OH                                              | CUSIP: 40727RBS6<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500321.60    | 0.67%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MILFORD OH EXEMPT VLG SCH DIST | Milford Exempted Village School District                           | CUSIP: 599632ME3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $469215.60    | 0.63%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI CNTY OH HOSP FACS REVENU | County of Miami OH                                                 | CUSIP: 593328FH5<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |    415000 | PA      | $433279.80    | 0.58%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOWLING GREEN OH ST UNIV       | Bowling Green State University                                     | CUSIP: 102885JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $128891.52    | 0.17%             | 2037-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                        | CUSIP: 67756DJW7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98403.04     | 0.13%             | 2035-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST ADULT CORRECTIONAL CAP | STATE OF OHIO                                                      | CUSIP: 677524BU3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    750000 | PA      | $770532.23    | 1.03%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH WTR REVENUE       | Cleveland Department of Public Utilities Division of Water         | CUSIP: 186427JC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1163693.08   | 1.56%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                        | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998546.60    | 1.34%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LICKING HEIGHTS OH LOCAL SCH D | Licking Heights Local School District                              | CUSIP: 531677MV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $112070.29    | 0.15%             | 2047-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV | County of Hamilton OH                                              | CUSIP: 407272V91<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142654.00   | 1.53%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV | Columbus Regional Airport Authority                                | CUSIP: 199546CX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1301826.45   | 1.74%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OH HOSP FACS REVEN | County of Warren OH                                                | CUSIP: 935158BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492373.95    | 0.66%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV | County of Franklin OH                                              | CUSIP: 353187ED5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $990119.18    | 1.32%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH                   | City of Cleveland OH                                               | CUSIP: 1863432N8<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125569.51    | 0.17%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WINTON WOODS CITY OH SCH DIST  | Winton Woods City School District                                  | CUSIP: 97650EEE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $707839.83    | 0.95%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                        | CUSIP: 67756DE93<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870442.10    | 1.16%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CINCINNATI OH WTR SYS REVENUE  | City of Cincinnati OH Water System Revenue                         | CUSIP: 172311NX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $231717.99    | 0.31%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                        | CUSIP: 67756UDM7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103840.17    | 0.14%             | 2045-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT  | Buckeye Tobacco Settlement Financing Authority                     | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $715752.79    | 0.96%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH  | American Municipal Power Inc                                       | CUSIP: 02765UKJ2<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    545000 | PA      | $546593.42    | 0.73%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                        | CUSIP: 67756Q6V4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    490000 | PA      | $485928.69    | 0.65%             | 2054-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| OHIO ST ADULT CORRECTIONAL CAP | STATE OF OHIO                                                      | CUSIP: 677524BV1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1494480.24   | 2.00%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLOUGHBY-EASTLAKE OH CITY SC | Willoughby-Eastlake City School District                           | CUSIP: 971039QU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $227361.72    | 0.30%             | 2036-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                      | CUSIP: 677522G40<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    465000 | PA      | $477460.05    | 0.64%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIG WALNUT OH LOCAL SCH DIST   | Big Walnut Local School District                                   | CUSIP: 089707RV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $549064.90    | 0.73%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI UNIV OH                  | Miami University/Oxford OH                                         | CUSIP: 593791LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $809559.43    | 1.08%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVON LAKE OH CITY SCH DIST     | Avon Lake City School District                                     | CUSIP: 054105MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045752.70   | 1.40%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH RIDGEVILLE OH CITY SCH D | North Ridgeville City School District                              | CUSIP: 661870LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $534413.39    | 0.71%             | 2050-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REVERE OH LOCAL SCH DIST       | Revere Local School District                                       | CUSIP: 761474JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $647580.16    | 0.87%             | 2045-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO | Akron Bath Copley Joint Township Hospital District                 | CUSIP: 009730QS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978006.60    | 1.31%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund | CUSIP: 67766WE65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1326193.72   | 1.77%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HLTH CARE FAC | COUNTY OF FRANKLIN OH                                              | CUSIP: 353180JQ6<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966374.80    | 1.29%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAYTON-MONTGOMERY CNTY OH PORT | Dayton-Montgomery County Port Authority                            | CUSIP: 23981MBF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $796140.40    | 1.07%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT | Port of Greater Cincinnati Development Authority                   | CUSIP: 734195EF3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    750000 | PA      | $761134.88    | 1.02%             | 2063-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CANTON OH                | City of North Canton OH                                            | CUSIP: 658153JQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024455.90   | 1.37%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LITTLE MIAMI OH LOCAL SCH DIST | Little Miami Local School District                                 | CUSIP: 537292LS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $135772.44    | 0.18%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E | OHIO AIR QUALITY DEVELOPMENT AUTHORITY                             | CUSIP: 67754AAD6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500674.65    | 0.67%             | 2038-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV | County of Hamilton OH                                              | CUSIP: 40727RDH8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020818.20   | 1.37%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                        | CUSIP: 67756DBD7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.27%             | 2039-01-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV | COUNTY OF HAMILTON OH                                              | CUSIP: 40727RBU1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $477892.20    | 0.64%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH SALES TAX REV | County of Cuyahoga OH Sales Tax Revenue                            | CUSIP: 232287DM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $274855.60    | 0.37%             | 2032-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                        | CUSIP: 677510CY3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201125.08    | 0.27%             | 2052-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SHAKER HEIGHTS OH              | City of Shaker Heights OH                                          | CUSIP: 819054MM6<br>LEI: 5493000DJBQYJU5NKL14 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1035912.57   | 1.39%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI CNTY OH HOSP FACS REVENU | County of Miami OH                                                 | CUSIP: 593328FK8<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |    375000 | PA      | $389418.34    | 0.52%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGS OH LOCAL SCH DIST        | Kings Local School District                                        | CUSIP: 496026NL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $201928.75    | 0.27%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT | Port of Greater Cincinnati Development Authority                   | CUSIP: 734191BF5<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    350000 | PA      | $355716.48    | 0.48%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REVEN | County of Hamilton OH Sewer System Revenue                         | CUSIP: 407288G86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521981.70    | 0.70%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV | County of Franklin OH                                              | CUSIP: 353187FK8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056797.90   | 1.41%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST SPL OBLG               | State of Ohio                                                      | CUSIP: 67759HRZ9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2147471.40   | 2.87%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                        | CUSIP: 67756Q7W1<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    395000 | PA      | $397431.38    | 0.53%             | 2039-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| NORTH ROYALTON OH CITY SCH DIS | North Royalton City School District                                | CUSIP: 662055LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $294886.71    | 0.39%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH               | COUNTY OF HAMILTON OH                                              | CUSIP: 40727GAV4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027084.70   | 1.37%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT  | Buckeye Tobacco Settlement Financing Authority                     | CUSIP: 118217CS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365705.80    | 0.49%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST TRANSPRTN PROJ REVENUE | State of Ohio                                                      | CUSIP: 67759TFQ6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    240000 | PA      | $236112.05    | 0.32%             | 2031-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GAHANNA OH                     | City of Gahanna OH                                                 | CUSIP: 362676LT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $699422.47    | 0.94%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OBERLIN OH CITY SCH DIST COPS  | Oberlin City School District                                       | CUSIP: 674281AX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1150671.03   | 1.54%             | 2049-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T | Territory of Guam                                                  | CUSIP: 40065NCX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542745.10    | 0.73%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOBSOHIO BEVERAGE SYS STWD LIQ | JobsOhio Beverage System                                           | CUSIP: 47770VCQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $711891.99    | 0.95%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH STUDENT REVEN | County of Hamilton OH                                              | CUSIP: 407311AC3<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    550000 | PA      | $550000.00    | 0.74%             | 2036-08-01      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| PERRY OH LOCAL SCH DIST STARK  | Perry Local School District/Stark County                           | CUSIP: 714840EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $200281.06    | 0.27%             | 2035-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH  | American Municipal Power Inc                                       | CUSIP: 02765USN5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    380000 | PA      | $431707.74    | 0.58%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH                   | City of Cleveland OH                                               | CUSIP: 1863432Q1<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    155000 | PA      | $154258.73    | 0.21%             | 2033-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOWLING GREEN OH ST UNIV       | Bowling Green State University                                     | CUSIP: 102885KP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $259904.03    | 0.35%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHAKER HEIGHTS OH CITY SCH DIS | Shaker Heights City School District                                | CUSIP: 819071SP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485824.30    | 0.65%             | 2061-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV | Columbus Regional Airport Authority                                | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528909.80    | 0.71%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GREEN OH LOCAL SCH DIST SCIOTO | Green Local School District/Scioto County                          | CUSIP: 393178BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $611122.86    | 0.82%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | OHIO ST-A 5 4/30                                                   | CUSIP: 677523MA7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    500000 | PA      | $550252.05    | 0.74%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COPLEY FAIRLAWN OH CITY SCH DI | Copley-Fairlawn City School District                               | CUSIP: 217441DU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $469680.05    | 0.63%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972614.00    | 1.30%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

**Name of Applicant:** Federated Hermes Municipal Securities Income Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Municipal Securities Income Trust

**Title:** Chief Compliance Officer