# EDGAR Filing Document

**Accession Number:** 0001388485
**File Stem:** 0000940400-25-010182
**Filing Date:** 2025-11
**Character Count:** 130177
**Document Hash:** d96d4e680eeaeeccea4fe34c6635e5ac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010182.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010182

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FundVantage Trust
- **CENTRAL INDEX KEY:** 0001388485

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22027
- **FILM NUMBER:** 251516249

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027911906

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Ambrus Tax-Conscious California Bond Fund (Series ID: S000077407)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000237820 | Institutional Class | TCCBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FundVantage Trust

- **b. Investment Company Act file number:** 811-22027

- **c. CIK number of Registrant:** 0001388485

- **d. LEI of Registrant:** 549300C6U7XKIL1IY249

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 856-528-3500

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

- **a. Name of Series:** Ambrus Tax-Conscious California Bond Fund

- **b. EDGAR series identifier (if any):** S000077407

- **c. LEI of Series:** 549300SZTIT6KIHGNK80

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $441678885.76

**Total Liabilities:** $10094250.23

**Net Assets:** $431584635.53

**Delayed Delivery Securities:** $1058265.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 713.83828000 | **1-Year:** 15881.73102000 | **5-Year:** 97887.51681000 | **10-Year:** 107348.43474000 | **30-Year:** 1412.74314000

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

- **3-Month:** 0.00000000 | **1-Year:** 195.79033000 | **5-Year:** 208.09374000 | **10-Year:** 18.67621000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237820 | -0.39%               | 0.82%                | 1.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-729248.73              | $-1691872.78                               |
| Month 2  | $572.56                  | $1980676.48                                |
| Month 3  | $4661.41                 | $5715033.30                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNIV OK REVENUES                   | University of Oklahoma/The                                                     | CUSIP: 91476PPB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2612483.68   | 0.61%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNEY CA UNIF SCH DIST            | Downey Unified School District                                                 | CUSIP: 261005QY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $16692.77     | 0.00%             | 2042-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA MF HSG REVENUE         | City of San Jose CA                                                            | CUSIP: 798165LL8<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   2975000 | PA      | $3042936.80   | 0.71%             | 2035-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| POMONA CA REVENUE                  | City of Pomona CA                                                              | CUSIP: 73209GAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $501380.10    | 0.12%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063D4S4<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2913622.50   | 0.68%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA       | City & County of San Francisco CA                                              | CUSIP: 797646NG7<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   3630000 | PA      | $3824934.27   | 0.89%             | 2029-06-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    900000 | PA      | $920766.87    | 0.21%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA TRANSIENT OCCUPA     | City of Sacramento CA Transient Occupancy Tax Revenue                          | CUSIP: 786073AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2272415.10   | 0.53%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARIN CA HLTHCARE DIST             | Marin Healthcare District                                                      | CUSIP: 56782TAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999952.90    | 0.23%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LUCIA MAR CA UNIF SCH DIST         | Lucia Mar Unified School District                                              | CUSIP: 54947TFR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $550356.75    | 0.13%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KERN CA HIGH SCH DIST              | Kern High School District                                                      | CUSIP: 492246QL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98457.74     | 0.02%             | 2027-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA AREA FLOOD CONTR     | Sacramento Area Flood Control Agency                                           | CUSIP: 785840JN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $511553.23    | 0.12%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA CA CMNTY CLG DIST     | Santa Monica Community College District                                        | CUSIP: 802385QT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770357.10    | 0.18%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                   | CUSIP: 544525T32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $557870.76    | 0.13%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAVENSWOOD CA CITY SCH DIST        | Ravenswood City School District/CA                                             | CUSIP: 754405GS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $757145.88    | 0.18%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUSA CA UNIF SCH DIST            | Colusa Unified School District                                                 | CUSIP: 199651CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $510217.92    | 0.12%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&     | Texas Municipal Gas Acquisition & Supply Corp IV                               | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1971375.00   | 0.46%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032US66<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    885000 | PA      | $915568.52    | 0.21%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNIF SCH DIST       | Los Angeles Unified School District/CA                                         | CUSIP: 5446465A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1218199.04   | 0.28%             | 2032-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EAST SIDE CA UNION HIGH SCH DI     | East Side Union High School District                                           | CUSIP: 275282LM1<br>LEI: 549300FHNKBG2V8ZLG85 | Long             | DBT              | MUN               | US        |     50000 | PA      | $48540.48     | 0.01%             | 2029-08-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2197132.40   | 0.51%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OAKDALE CA JT UNIF SCH DIST        | Oakdale Joint Unified School District/CA                                       | CUSIP: 672006EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25266.73     | 0.01%             | 2054-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY P     | City of San Francisco CA Public Utilities Commission Water Revenue             | CUSIP: 79771FCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4855000 | PA      | $5199707.43   | 1.20%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A     | California Enterprise Development Authority                                    | CUSIP: 13067VAN4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    215000 | PA      | $223896.64    | 0.05%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREMONT CA UNIF SCH DIST ALAME     | Fremont Unified School District/Alameda County CA                              | CUSIP: 3571547M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1874927.44   | 0.43%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATWATER CA ELEM SCH DIST COPS      | Atwater Elementary School District                                             | CUSIP: 04988RBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $742374.08    | 0.17%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOVER NH                           | City of Dover NH                                                               | CUSIP: 260183C71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000231.10   | 0.23%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FILLMORE CA WSTWTR REVENUE         | City of Fillmore CA Wastewater Revenue                                         | CUSIP: 317109AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1186142.88   | 0.27%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA REDEV AGY SUCCESSOR     | Fontana Redevelopment Agency Successor Agency                                  | CUSIP: 34461CAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $721607.24    | 0.17%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAKLAND CA UNIF SCH DIST ALAME     | Oakland Unified School District/Alameda County                                 | CUSIP: 672325G50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1122415.58   | 0.26%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                     | Morgan Stanley                                                                 | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     41519 | NS      | $1044202.85   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA M     | City & County of San Francisco CA                                              | CUSIP: 79765PEG4<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1029774.75   | 0.24%             | 2029-08-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                  | State Street Corp                                                              | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2272485.60   | 0.53%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13033L3Y1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100095.63    | 0.02%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHITTIER CA UNION HIGH SCH DIS     | Whittier Union High School District                                            | CUSIP: 966782SP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $475609.94    | 0.11%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY CA UNIF SCH DI     | Sacramento City Unified School District/CA                                     | CUSIP: 785870E93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2111481.20   | 0.49%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT     | California Statewide Communities Development Authority                         | CUSIP: 13080SVX9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104600.74    | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UJG4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    410000 | PA      | $417151.43    | 0.10%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048VX52<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    700000 | PA      | $748790.21    | 0.17%             | 2044-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CA UNIF SCH DIST       | Santa Clara Unified School District                                            | CUSIP: 801495Y89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1129531.73   | 0.26%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048VMH8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514230.75    | 0.12%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA WTR REPLENISHMENT      | Southern California Water Replenishment District                               | CUSIP: 84251KBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254778.75    | 0.06%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF AKRON OH                   | University of Akron/The                                                        | CUSIP: 914023LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1104849.02   | 0.26%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063CUG3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500425.05    | 0.12%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YUBA CA LEVEE FING AUTH REVENU     | Yuba Levee Financing Authority                                                 | CUSIP: 988211AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20497.54     | 0.00%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA TRANSIENT OCCUPA     | City of Sacramento CA Transient Occupancy Tax Revenue                          | CUSIP: 786073BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3232999.31   | 0.75%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARITA CA PUBLIC FIN AU     | Santa Clarita Public Finance Authority                                         | CUSIP: 80169PCH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19600.05     | 0.00%             | 2027-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP     | California Municipal Finance Authority                                         | CUSIP: 13051ANP9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95621.38     | 0.02%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH GAS SPLYR     | Illinois Finance Authority                                                     | CUSIP: 45202WAH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001062.50   | 1.16%             | 2030-03-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ANTIOCH CA UNIF SCH DIST           | Antioch Unified School District                                                | CUSIP: 037105KS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $632044.01    | 0.15%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES     | University of California                                                       | CUSIP: 91412HAZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $762303.15    | 0.18%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR     | California School Finance Authority                                            | CUSIP: 13058TPU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $123066.80    | 0.03%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063CZU7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252461.75    | 0.06%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRESNO CA UNIF SCH DIST            | Fresno Unified School District                                                 | CUSIP: 3582324A1<br>LEI: 549300WL4QIP65TFU882 | Long             | DBT              | MUN               | US        |    780000 | PA      | $725268.02    | 0.17%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBANY CA UNIF SCH DIST            | Albany Unified School District                                                 | CUSIP: 012104RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014812.70   | 0.24%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REVENUE           | County of King WA Sewer Revenue                                                | CUSIP: 4952893M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1975107.20   | 0.46%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1910525.16   | 0.44%             | 2054-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                               | CUSIP: 064058AN0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1544299.50   | 0.36%             | N/A             | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| NORTH PENN PA SCH DIST             | North Penn School District                                                     | CUSIP: 661517XK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1620830.56   | 0.38%             | 2050-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4314716.00   | 1.00%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA REDEV SUCCES     | Riverside County Redevelopment Successor Agency                                | CUSIP: 76913AKV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512363.75    | 0.12%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HSG AUTH MF HSG     | Los Angeles Housing Authority                                                  | CUSIP: 544562CS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010063.90   | 0.23%             | 2029-02-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH P     | South Carolina Ports Authority                                                 | CUSIP: 837123JL3<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1263391.63   | 0.29%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VICTOR VLY CA TRANSPRTN AUTH C     | Victor Valley Transit Authority                                                | CUSIP: 926057BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20415.98     | 0.00%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA     | California School Finance Authority                                            | CUSIP: 13059TEV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25355.03     | 0.01%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMPTON CA UNIF SCH DIST           | Compton Unified School District/CA                                             | CUSIP: 204736FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $142957.30    | 0.03%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YUBA CA LEVEE FING AUTH REVENU     | Yuba Levee Financing Authority                                                 | CUSIP: 988211BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25623.92     | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIF SCH DIST PUBLIC      | Poway Unified School District Public Financing Authority                       | CUSIP: 73885QMZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $784726.62    | 0.18%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT     | California Educational Facilities Authority                                    | CUSIP: 130179QG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $5157141.28   | 1.19%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UNW4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257481.93    | 0.06%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH REV     | California Public Finance Authority                                            | CUSIP: 13057EFN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3304161.95   | 0.77%             | 2046-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WSTRN PLACER CA UNIF SCH DIST      | Western Placer Unified School District                                         | CUSIP: 959214GH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $359759.91    | 0.08%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAM S HART CA UNION HIGH S     | William S Hart Union High School District                                      | CUSIP: 969268CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $465667.39    | 0.11%             | 2038-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALHAMBRA CA UNIF SCH DIST          | Alhambra Unified School District                                               | CUSIP: 016059JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $748184.85    | 0.17%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE           | Hudson Pacific Properties LP                                                   | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |    500000 | PA      | $465734.24    | 0.11%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UFK9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1196580.27   | 0.28%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT     | California Statewide Communities Development Authority                         | CUSIP: 13080SWC4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    160000 | PA      | $165860.72    | 0.04%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA CMNTY CLG DIST CO     | Riverside Community College District                                           | CUSIP: 768866DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255226.29    | 0.06%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA CA PUBLIC FING AU     | Santa Monica Public Financing Authority                                        | CUSIP: 802437FX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3761077.15   | 0.87%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA CMNTY CLG DIST CO     | Riverside Community College District                                           | CUSIP: 768866DQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1671130.92   | 0.39%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BELLEFONTE PA AREA SCH DIST        | Bellefonte Area School District                                                | CUSIP: 078764LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2206787.85   | 0.51%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY              | Wells Fargo & Co                                                               | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2474070.60   | 0.57%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063ENA0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    400000 | PA      | $432928.72    | 0.10%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                  | State Street Corp                                                              | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |     20000 | NS      | $465200.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LAKE ELSINORE CA SPL TAX           | City of Lake Elsinore CA                                                       | CUSIP: 50963NWG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105167.52    | 0.02%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511940.45    | 0.12%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COACHELLA VLY CA UNIF SCH DIST     | Coachella Valley Unified School District/CA                                    | CUSIP: 189852EW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50026.75     | 0.01%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STHRN CA PUBLIC PWR AUTH NATUR     | Southern California Public Power Authority                                     | CUSIP: 842471AV6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    380000 | PA      | $392394.69    | 0.09%             | 2027-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA REDEV SUCCES     | Riverside County Redevelopment Successor Agency                                | CUSIP: 76913AKY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1098006.49   | 0.25%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA RGTS MED     | Regents of the University of California Medical Center Pooled Revenue          | CUSIP: 913366HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $962120.45    | 0.22%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UU71<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1063268.38   | 0.25%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LUCIA MAR CA UNIF SCH DIST         | Lucia Mar Unified School District                                              | CUSIP: 54947TER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959354.40    | 0.22%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA PUBLIC WKS     | Los Angeles County Public Works Financing Authority                            | CUSIP: 54473EYP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $435298.36    | 0.10%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CA UNIF SCH DIST         | Pittsburg Unified School District                                              | CUSIP: 724581SH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $581928.33    | 0.13%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP               | Bank of America Corp                                                           | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $3073428.62   | 0.71%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063CQJ2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967604.20    | 0.22%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R     | City of Minneapolis MN                                                         | CUSIP: 60374VDK6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100193.86    | 0.02%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE         | California State University                                                    | CUSIP: 13077DYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35003.59     | 0.01%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA ARPT REVENUE           | Norman Y Mineta San Jose International Airport SJC                             | CUSIP: 798136WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $766129.08    | 0.18%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA CA UNIF SCH DIS     | Folsom Cordova Unified School District School Facilities Improvement Dist No 5 | CUSIP: 34440VBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499650.80   | 0.35%             | 2041-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA FING AUTH LEASE R     | Lancaster Financing Authority                                                  | CUSIP: 51378QBN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3144246.90   | 0.73%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA       | City & County of San Francisco CA                                              | CUSIP: 797646NH5<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4461068.65   | 1.03%             | 2030-06-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CA UNION HIGH SCH DI     | San Mateo Union High School District                                           | CUSIP: 799017ZV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1057889.04   | 0.25%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELLEVUE WA                        | City of Bellevue WA                                                            | CUSIP: 0793652Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2316389.69   | 0.54%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE         | California State University                                                    | CUSIP: 13077DXN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $966939.46    | 0.22%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UP77<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2983149.06   | 0.69%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                | Northern Trust Corp                                                            | CUSIP: 665859AQ7<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1693263.07   | 0.39%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048VX29<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    470000 | PA      | $513456.39    | 0.12%             | 2041-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2169582.00   | 0.50%             | 2054-11-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                             | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   8521887 | NS      | $8521887.15   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                     | CUSIP: 45204FTB1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405036.16    | 0.09%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT     | California Educational Facilities Authority                                    | CUSIP: 130179GV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114933.96    | 0.03%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT     | California Educational Facilities Authority                                    | CUSIP: 130179RJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3264423.08   | 0.76%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE CA WTR REVENUE            | City of Glendale CA Water Revenue                                              | CUSIP: 378478CD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $116899.71    | 0.03%             | 2042-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MAMMOTH LAKES CA COPS              | Town of Mammoth Lakes CA                                                       | CUSIP: 561550DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534717.55    | 0.12%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN     | County of Harris TX Toll Road Revenue                                          | CUSIP: 41423PAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2873839.41   | 0.67%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                   | CUSIP: 544525UH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1755576.69   | 0.41%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEV      | California Statewide Communities Development Authority                         | CUSIP: 13081KAX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5485000 | PA      | $5551495.75   | 1.29%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT     | California Educational Facilities Authority                                    | CUSIP: 130179JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260976.22    | 0.06%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH WTRWKS REVENUE           | City of Toledo OH Water System Revenue                                         | CUSIP: 889396SC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3599451.21   | 0.83%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC             | BP Capital Markets PLC                                                         | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1069066.00   | 0.25%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                       | KKR & Co Inc                                                                   | CUSIP: 48251W609<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    150000 | NS      | $3892500.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CONCORD CA COPS                    | City of Concord CA                                                             | CUSIP: 206094DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $707787.65    | 0.16%             | 2038-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA UNIF SCH DIST         | Riverside Unified School District                                              | CUSIP: 7690692K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $420819.71    | 0.10%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY     | San Francisco City & County Airport Comm-San Francisco International Airport   | CUSIP: 79766DSC4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2069555.87   | 0.48%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LODI CA UNIF SCH DIST              | Lodi Unified School District/CA                                                | CUSIP: 540261LX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20024.11     | 0.00%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE      | Michigan State Building Authority                                              | CUSIP: 594615BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501356.90   | 0.35%             | 2045-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA SCHS REGIO     | Los Angeles County Schools Regionalized Business Services Corp                 | CUSIP: 545152WR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10008.98     | 0.00%             | 2026-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A     | City of Los Angeles Department of Airports                                     | CUSIP: 544445MY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255060.18    | 0.06%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &     | California Infrastructure & Economic Development Bank                          | CUSIP: 13034RAU7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4555000 | PA      | $4670422.79   | 1.08%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA ARPT SYS RE     | County of Sacramento CA Airport System Revenue                                 | CUSIP: 786107PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504396.90    | 0.12%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA DEV AUTH M     | Los Angeles County Development Authority                                       | CUSIP: 54467WAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1123000 | PA      | $1137405.39   | 0.26%             | 2059-09-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| PIEDMONT CA UNIF SCH DIST          | Piedmont Unified School District                                               | CUSIP: 720135TH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $329271.35    | 0.08%             | 2041-08-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA TRANSIENT OCCUPA     | City of Sacramento CA Transient Occupancy Tax Revenue                          | CUSIP: 786073AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $244505.42    | 0.06%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU     | San Diego County Regional Airport Authority                                    | CUSIP: 79739GLE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1207036.12   | 0.28%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HSG AUTH            | Los Angeles Housing Authority                                                  | CUSIP: 54456PAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5053.76      | 0.00%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA P     | San Francisco City & County Public Utilities Commission Wastewater Revenue     | CUSIP: 79768HCZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1868110.13   | 0.43%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CA JT PWRS FING AUTH      | Berkeley Joint Powers Financing Authority                                      | CUSIP: 084144DH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25006.60     | 0.01%             | 2027-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA WTR REPLENISHMENT      | Southern California Water Replenishment District                               | CUSIP: 84251KAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1545801.28   | 0.36%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA R     | San Francisco City & County Redevelopment Agency Successor Agency              | CUSIP: 79770GER3<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151896.95    | 0.04%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS     | Connecticut Housing Finance Authority                                          | CUSIP: 20775C5Q3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    750000 | PA      | $671773.05    | 0.16%             | 2034-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CA SUCCESSOR AGY RED     | Pittsburg Successor Agency Redevelopment Agency                                | CUSIP: 86459LBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102183.25    | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA RGTS MED     | Regents of the University of California Medical Center Pooled Revenue          | CUSIP: 913366KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2119568.80   | 0.49%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048VDT2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030464.80   | 0.24%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063EMQ6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   4120000 | PA      | $4212605.24   | 0.98%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE RANCH CA WTR DIST           | Irvine Ranch Water District                                                    | CUSIP: 4636325M7<br>LEI: 2ZRS7W19IBMY48SFBI68 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026663.20   | 0.47%             | 2046-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH HLTH FACS REV     | Iowa Finance Authority                                                         | CUSIP: 462466EZ2<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150380.36    | 0.03%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGEBURG CNTY SC FACS CORP I     | Orangeburg County Facilities Corp                                              | CUSIP: 685357AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1612815.20   | 0.37%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL CA CMNTY CLG DIST         | Imperial Community College District                                            | CUSIP: 452641LM3<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |    900000 | PA      | $953663.31    | 0.22%             | 2053-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                    | CUSIP: 20774YVK0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650091.39    | 0.15%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                  | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1629766.10   | 0.38%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| IRVINE CA FACS FING AUTH SPL T     | Irvine Facilities Financing Authority                                          | CUSIP: 46360WAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1809963.20   | 0.42%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OXNARD CA UNION HIGH SCH DIST      | Oxnard Union High School District                                              | CUSIP: 692039SA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020454.80   | 0.24%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI     | Golden State Tobacco Securitization Corp                                       | CUSIP: 38122ND25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2596177.90   | 0.60%             | 2031-06-01      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032US74<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2578758.13   | 0.60%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                    | City of Philadelphia PA                                                        | CUSIP: 717813TJ8<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1160889.23   | 0.27%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HSG AUTH MF HSG     | Los Angeles Housing Authority                                                  | CUSIP: 544562CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1248822.25   | 0.29%             | 2034-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA P     | San Francisco City & County Public Utilities Commission Wastewater Revenue     | CUSIP: 79768HDX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2487322.60   | 0.58%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HESPERIA CA JT PUB FING AUTH L     | Hesperia Public Financing Authority                                            | CUSIP: 42806HAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $192139.27    | 0.04%             | 2042-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063C6R6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003212.20   | 0.23%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT     | California Educational Facilities Authority                                    | CUSIP: 130179RL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4545000 | PA      | $4564715.30   | 1.06%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST WT     | Santa Clara Valley Water District                                              | CUSIP: 80168ADE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $788379.55    | 0.18%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST         | San Diego Unified School District/CA                                           | CUSIP: 7973555Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2048629.26   | 0.47%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                  | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1845170.82   | 0.43%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZIONS BANCORP NA                   | Zions Bancorp NA                                                               | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1595277.21   | 0.37%             | 2035-11-19      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH LE     | California Municipal Finance Authority                                         | CUSIP: 13049UCY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016516.10   | 0.24%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VACAVILLE CA UNIF SCH DIST         | Vacaville Unified School District                                              | CUSIP: 918608TJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $797342.71    | 0.18%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA PUBLIC WKS     | Los Angeles County Public Works Financing Authority                            | CUSIP: 54473ESP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150510.96    | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063DP44<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1809975.74   | 0.42%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST     | California Municipal Finance Authority                                         | CUSIP: 13049YEK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522461.50    | 0.12%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORCO CA CMNTY REDEV AGY SUCCE     | Norco Community Redevelopment Agency Successor Agency                          | CUSIP: 655505AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $620066.65    | 0.14%             | 2028-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA HSG & PUBLIC IMPT A     | Anaheim Housing & Public Improvements Authority                                | CUSIP: 032556PY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3792270.02   | 0.88%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4794596.84   | 1.11%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT     | California Educational Facilities Authority                                    | CUSIP: 130179RK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70495.10     | 0.02%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD CA UNIF SCH DIST           | Hayward Unified School District                                                | CUSIP: 4212905R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $537317.88    | 0.12%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CA FACS FING AUTH LEASE     | Irvine Facilities Financing Authority                                          | CUSIP: 46360XAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2287147.82   | 0.53%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA JT UNION HIGH SCH     | Roseville Joint Union High School District                                     | CUSIP: 777849SK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2438285.85   | 0.56%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UNY0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25159.82     | 0.01%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON TWP CA HLTH CARE DI     | Washington Township Health Care District                                       | CUSIP: 940204GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $368685.21    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA P     | San Francisco City & County Public Utilities Commission Power Revenue          | CUSIP: 79771KAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115128.32    | 0.03%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048VX78<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1154992.41   | 0.27%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST DEPT OF VETERANS     | Department of Veterans Affairs Veteran's Farm & Home Purchase Program          | CUSIP: 130658QF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38551.20     | 0.01%             | 2027-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA PUBLIC FACS FING      | San Diego Public Facilities Financing Authority                                | CUSIP: 79730CJB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2737122.07   | 0.63%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESTRN CA MUNI WTR DIST FING AU     | Eastern Municipal Water District Financing Authority                           | CUSIP: 27677SCN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251019.45    | 0.06%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &     | California Infrastructure & Economic Development Bank                          | CUSIP: 13035ADW6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    850000 | PA      | $855947.28    | 0.20%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048VYW2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    420000 | PA      | $455840.45    | 0.11%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA ELEC REVENUE          | City of Riverside CA Electric Revenue                                          | CUSIP: 768874SF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2234290.15   | 0.52%             | 2030-10-01      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UPX0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3015815.40   | 0.70%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR      | Los Angeles Department of Water & Power                                        | CUSIP: 544495Z72<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3100971.35   | 0.72%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DESERT SANDS CA UNIF SCH DIST      | Desert Sands Unified School District                                           | CUSIP: 250436BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $193900.46    | 0.04%             | 2049-09-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BREA CA WTR REVENUE                | City of Brea CA Water Utility Revenue                                          | CUSIP: 106295CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $719530.32    | 0.17%             | 2038-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD CA UNIF SCH DIST COPS      | Hayward Unified School District                                                | CUSIP: 421294EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009104.20   | 0.23%             | 2052-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA CA UNIF SCH DIS     | Folsom Cordova Unified School District School Facilities Improvement Dist No 5 | CUSIP: 34440VCR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $537811.50    | 0.12%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI     | Golden State Tobacco Securitization Corp                                       | CUSIP: 38122NC91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $174876.42    | 0.04%             | 2030-06-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP      | New York City Housing Development Corp                                         | CUSIP: 64972E2K4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    345000 | PA      | $351221.97    | 0.08%             | 2028-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT     | California Statewide Communities Development Authority                         | CUSIP: 13080STW4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $312922.62    | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLATSOP CNTY OR SCH DIST #10 S     | Seaside School District No 10                                                  | CUSIP: 182846BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1330273.20   | 0.31%             | 2042-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA FACS INC L     | Los Angeles County Facilities Inc                                              | CUSIP: 54531FAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4081771.60   | 0.95%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R     | State of Connecticut Special Tax Revenue                                       | CUSIP: 207758VX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2507556.00   | 0.58%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPDR Portfolio High Yield Bond ETF | SPDR Portfolio High Yield Bond ETF                                             | CUSIP: 78468R606<br>LEI: N/A                  | Long             | EC               | RF                | US        |    200000 | NS      | $4788000.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063EFX9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2569775.99   | 0.60%             | 2043-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3755000 | PA      | $3850731.10   | 0.89%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKE ELSINORE CA SPL TAX           | City of Lake Elsinore CA                                                       | CUSIP: 50963NWH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $587035.15    | 0.14%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA HSG & PUBLIC IMPT A     | Anaheim Housing & Public Improvements Authority                                | CUSIP: 032556QV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1865615.42   | 0.43%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CNTY CA JT PWRS FING     | San Mateo Joint Powers Financing Authority                                     | CUSIP: 79904NGP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2324566.35   | 0.54%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OXNARD CA UNION HIGH SCH DIST      | Oxnard Union High School District                                              | CUSIP: 692045ED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $254577.48    | 0.06%             | 2039-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                               | CUSIP: 709224QF9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2634588.97   | 0.61%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                    | CUSIP: 20774YXG7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500275.55   | 0.35%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PATTERSON CA JT UNIF SCH DIST      | Patterson Joint Unified School District                                        | CUSIP: 703373GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2507647.00   | 0.58%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STOCKTON CA UNIF SCH DIST COPS     | Stockton Unified School District                                               | CUSIP: 861422FH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2142323.16   | 0.50%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INGLEWOOD CA UNIF SCH DIST         | Inglewood Unified School District                                              | CUSIP: 457110LJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1522723.48   | 0.35%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON TWP CA HLTH CARE DI     | Washington Township Health Care District                                       | CUSIP: 940642DZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10108.23     | 0.00%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI JT MUNI ELEC UTILITY      | Missouri Joint Municipal Electric Utility Commission                           | CUSIP: 606092LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523771.25   | 0.58%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                               | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     13250 | NS      | $341452.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY FRN                    | United States Treasury Floating Rate Note                                      | CUSIP: 91282CJU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21000000 | PA      | $21000361.62  | 4.87%             | 2026-01-31      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| MODESTO CA IRR DIST FING AUTH      | Modesto Irrigation District                                                    | CUSIP: 607767DH0<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |    550000 | PA      | $591049.64    | 0.14%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIF SCH DIST PUBLIC      | Poway Unified School District Public Financing Authority                       | CUSIP: 73885QNL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $231427.29    | 0.05%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES        | University of California                                                       | CUSIP: 91412G2K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1645695.63   | 0.38%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA CMNTY CLG DIST CO     | Riverside Community College District                                           | CUSIP: 768866DS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325265.04    | 0.08%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HSG AUTH MF HSG     | Los Angeles Housing Authority                                                  | CUSIP: 544562CR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1802972.40   | 0.42%             | 2034-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $3149851.15   | 0.73%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY     | San Francisco City & County Airport Comm-San Francisco International Airport   | CUSIP: 79766DMD8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   6675000 | PA      | $6828709.23   | 1.58%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY     | San Francisco City & County Airport Comm-San Francisco International Airport   | CUSIP: 79766DRK7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1789008.93   | 0.41%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR      | Los Angeles Department of Water & Power                                        | CUSIP: 5444952S2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2231501.36   | 0.52%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MENLO PARK CA CITY SCH DIST        | Menlo Park City School District                                                | CUSIP: 586840QA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1511409.32   | 0.35%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A     | City of Los Angeles Department of Airports                                     | CUSIP: 544445HQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067036.00   | 0.48%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA-MALIBU CA UNIF SC     | Santa Monica-Malibu Unified School District                                    | CUSIP: 802498F75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2278263.35   | 0.53%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON TWP CA HLTH CARE DI     | Washington Township Health Care District                                       | CUSIP: 940642CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30003.74     | 0.01%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEMOORE CA UNION ELEM SCH DIST     | Lemoore Union Elementary School District                                       | CUSIP: 525725AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $20528.84     | 0.00%             | 2040-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT     | California Educational Facilities Authority                                    | CUSIP: 130179JF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25025.66     | 0.01%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST         | San Diego Unified School District/CA                                           | CUSIP: 7973556R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $1982817.93   | 0.46%             | 2034-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTA CRUZ CITY CA ELEM SCH DI     | Santa Cruz City Elementary School District                                     | CUSIP: 801716JQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $572509.45    | 0.13%             | 2036-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ROBLA CA SCH DIST                  | Robla School District/CA                                                       | CUSIP: 771027KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $815108.88    | 0.19%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTEBELLO CA PUBLIC FING AUTH     | Montebello Public Financing Authority                                          | CUSIP: 612286DS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1178006.36   | 0.27%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DESERT SANDS CA UNIF SCH DIST      | Desert Sands Unified School District                                           | CUSIP: 250436BH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $443231.57    | 0.10%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORAGA CA ELEM SCH DIST            | Moraga Elementary School District                                              | CUSIP: 616421EX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2097068.17   | 0.49%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CABRILLO CA UNIF SCH DIST          | Cabrillo Unified School District                                               | CUSIP: 127127LG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $633070.75    | 0.15%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIVE OAK CA ELEM SCH DIST SANT     | Live Oak Elementary School District/Santa Cruz County                          | CUSIP: 538038AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $360854.72    | 0.08%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                            | CUSIP: 13063DR42<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    280000 | PA      | $224010.16    | 0.05%             | 2046-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                   | CUSIP: 544525P69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $852353.29    | 0.20%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L     | California State Public Works Board                                            | CUSIP: 13068LC37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $536785.86    | 0.12%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                  | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1573144.65   | 0.36%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048VKK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1869543.59   | 0.43%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3177993.60   | 0.74%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN     | M-S-R Energy Authority                                                         | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4856956.80   | 1.13%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO             | General Motors Financial Co Inc                                                | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    875000 | PA      | $868294.88    | 0.20%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNIF SCH DIST       | Los Angeles Unified School District/CA                                         | CUSIP: 5446463Z3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999988.30   | 0.70%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &     | California Infrastructure & Economic Development Bank                          | CUSIP: 13034RAT0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2973613.08   | 0.69%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &     | California Infrastructure & Economic Development Bank                          | CUSIP: 13034ARJ1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20522.58     | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHASTA CA JT PWRS FING AUTH        | Shasta Joint Powers Financing Authority                                        | CUSIP: 820169DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10002.44     | 0.00%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                  | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2851601.20   | 0.66%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UHC5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5069.80      | 0.00%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU     | San Diego County Regional Airport Authority                                    | CUSIP: 79739GMW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1593687.32   | 0.37%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CA UNION HIGH SCH D     | Sweetwater Union High School District                                          | CUSIP: 870462TF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1481760.00   | 0.34%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POWAY CA REDEV AGY SUCCESSOR A     | Poway Redevelopment Agency Successor Agency                                    | CUSIP: 738798AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2201400.26   | 0.51%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE CNTY IL SCH DIST #1 WINTH     | Lake County School District No 1 Winthrop Harbor                               | CUSIP: 508426CH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $381327.34    | 0.09%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048TUR2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1124956.46   | 0.26%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD CA UNIF SCH DIST COPS      | Hayward Unified School District                                                | CUSIP: 421294EG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1449833.60   | 0.34%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MONARCH-CHESTERFIELD MO LEVEE      | Monarch-Chesterfield Levee District                                            | CUSIP: 609040FK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1385477.27   | 0.32%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESCONDIDO CA UNION SCH DIST        | Escondido Union School District/CA                                             | CUSIP: 296371UD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1095422.73   | 0.25%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE         | California State University                                                    | CUSIP: 13077DEX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1954787.07   | 0.45%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA CMNTY CLG DIST CO     | Riverside Community College District                                           | CUSIP: 768866DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210212.60    | 0.05%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH ST     | Tobacco Securitization Authority of Southern California                        | CUSIP: 888804CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260566.23    | 0.06%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA TRANSIENT OCCUPA     | City of Sacramento CA Transient Occupancy Tax Revenue                          | CUSIP: 786073BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $666474.71    | 0.15%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA CA UNIF SCH DIS     | Folsom Cordova Unified School District School Facilities Improvement Dist No 5 | CUSIP: 34440VCQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1780000.00   | 0.41%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PERRIS CA PUBLIC FING AUTH         | Perris Public Financing Authority                                              | CUSIP: 71437RJW5<br>LEI: 549300FVF4X82EMLCW89 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1620714.91   | 0.38%             | 2031-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC            | Goldman Sachs Group Inc/The                                                    | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4370277.78   | 1.01%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA C     | City & County of San Francisco CA Community Facilities District No 2014-1      | CUSIP: 79772EEZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $151805.18    | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP      | New York City Housing Development Corp                                         | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350033.74    | 0.08%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                         | CUSIP: 13048T6J7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2041658.32   | 0.47%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI     | Golden State Tobacco Securitization Corp                                       | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1974230.40   | 0.46%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A     | River Islands Public Financing Authority                                       | CUSIP: 76827QGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3586826.81   | 0.83%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH TAHOE CA PUB UTIL DIST W     | South Tahoe Public Utility District Water Revenue                              | CUSIP: 840529AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52348.27     | 0.01%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &     | California Infrastructure & Economic Development Bank                          | CUSIP: 13034ATX8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1150817.99   | 0.27%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA MUNI IMPT CORPL     | Municipal Improvement Corp of Los Angeles                                      | CUSIP: 544587Q27<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    375000 | PA      | $381324.71    | 0.09%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX                         | City of El Paso TX                                                             | CUSIP: 283734F71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510839.60   | 0.35%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIF SCH DIST PUBLIC      | Poway Unified School District Public Financing Authority                       | CUSIP: 73885QNK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $813683.85    | 0.19%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST SIDE CA UNION HIGH SCH DI     | East Side Union High School District                                           | CUSIP: 275281X57<br>LEI: 549300FHNKBG2V8ZLG85 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20188.61     | 0.00%             | 2026-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                   | CUSIP: 544525WJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3265023.45   | 0.76%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TURLOCK CA IRR DIST                | Turlock Irrigation District                                                    | CUSIP: 900190LE7<br>LEI: 5493001J7IGC81HEQJ12 | Long             | DBT              | MUN               | US        |    195000 | PA      | $204548.08    | 0.05%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDEP CITIES CA FIN AUTH MOBIL     | Independent Cities Finance Authority                                           | CUSIP: 45385LMQ3<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    925000 | PA      | $932431.64    | 0.22%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANGER CA UNIF SCH DIST COPS       | Sanger Unified School District                                                 | CUSIP: 800860EK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1945465.48   | 0.45%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES     | University of California                                                       | CUSIP: 91412HKT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $3072044.06   | 0.71%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA CMNTY CLG DIST CO     | Riverside Community College District                                           | CUSIP: 768866DR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001100.00   | 0.46%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHOWCHILLA CA ELEM SCH DIST        | Chowchilla Elementary School District                                          | CUSIP: 170468AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $588447.47    | 0.14%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CALIF UNI SCH DIST       | Pittsburg Unified School District Financing Authority                          | CUSIP: 724586BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $641861.33    | 0.15%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRAVIS CA UNIF SCH DIST            | Travis Unified School District                                                 | CUSIP: 894375DN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20041.64     | 0.00%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA UNIF SCH DIST        | Long Beach Unified School District                                             | CUSIP: 542433XF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $264436.21    | 0.06%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY              | Wells Fargo & Co                                                               | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347003.48    | 0.08%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA P     | San Francisco City & County Public Utilities Commission Wastewater Revenue     | CUSIP: 79768HDA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494508.30    | 0.11%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DESERT SANDS CA UNIF SCH DIST      | Desert Sands Unified School District                                           | CUSIP: 250436BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106364.27    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                               | CUSIP: 064058AF7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    875000 | PA      | $870037.87    | 0.20%             | N/A             | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                               | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    850000 | PA      | $842518.81    | 0.20%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&     | Texas Municipal Gas Acquisition & Supply Corp III                              | CUSIP: 88256HBC1<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518890.55    | 0.12%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNIF SCH DIST       | Los Angeles Unified School District/CA                                         | CUSIP: 5446466W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $894676.33    | 0.21%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAKE ELSINORE CA SPL TAX           | City of Lake Elsinore CA                                                       | CUSIP: 50963NWL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53476.85     | 0.01%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE         | California State University                                                    | CUSIP: 13077DYE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14999.25     | 0.00%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT     | California Statewide Communities Development Authority                         | CUSIP: 13080SJN5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015747.65   | 0.24%             | 2034-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE               | State of Ohio                                                                  | CUSIP: 67756CCU0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1802490.66   | 0.42%             | 2041-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COACHELLA VLY CA UNIF SCH DIST     | Coachella Valley Unified School District/CA                                    | CUSIP: 189849JY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5004.34      | 0.00%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY     | San Francisco City & County Airport Comm-San Francisco International Airport   | CUSIP: 79766DGE3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1102261.82   | 0.26%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZUSA CA SPL TAX                   | City of Azusa CA                                                               | CUSIP: 055032FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2109718.95   | 0.49%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING      | Pennsylvania Economic Development Financing Authority                          | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $634778.49    | 0.15%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SELMA CA UNIF SCH DIST             | Selma Unified School District                                                  | CUSIP: 816547JM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $455858.14    | 0.11%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| W HOLLYWOOD CA PUBLIC FING AUT     | West Hollywood Public Financing Authority                                      | CUSIP: 95332RDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $826141.66    | 0.19%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                               | CUSIP: 13032UMN5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3710919.60   | 0.86%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MF     | California Municipal Finance Authority                                         | CUSIP: 130483GH7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251994.38   | 0.29%             | 2045-09-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| PALOMAR HLTH CA                    | Palomar Health                                                                 | CUSIP: 697527BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $184801.60    | 0.04%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** FundVantage Trust

**Signature:** Christine S. Catanzaro

**Name of Signer:** Christine S. Catanzaro

**Title:** Treasurer and Chief Financial Officer