# EDGAR Filing Document

**Accession Number:** 0001469192
**File Stem:** 0001752724-25-152826
**Filing Date:** 2025-6
**Character Count:** 143769
**Document Hash:** 21cb79a3549f71054a11c31fd6dbbd5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-152826.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-152826

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001469192

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22321
- **FILM NUMBER:** 251067612

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212 576 7000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY FUNDS TRUST
- **DATE OF NAME CHANGE:** 20090728

## Series and Classes Contracts Data

### NYLI MacKay Short Term Muni Fund (Series ID: S000028538)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000087378 | Investor Class | MYTBX           |
| C000087379 | Class A        | MSTAX           |
| C000087380 | Class I        | MSTIX           |
| C000195140 | Class R6       | MSTEX           |
| C000222390 | Class A2       | MSTUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS FUNDS TRUST

- **b. Investment Company Act file number:** 811-22321

- **c. CIK number of Registrant:** 0001469192

- **d. LEI of Registrant:** 549300SQRLBSUG7RD002

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI MacKay Short Term Muni Fund

- **b. EDGAR series identifier (if any):** S000028538

- **c. LEI of Series:** 549300ZY6MAJ3210UG92

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $929432515.45

**Total Liabilities:** $20909886.05

**Net Assets:** $908522629.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2657.98000000 | **1-Year:** -47366.12000000 | **5-Year:** -120812.12000000 | **10-Year:** -26109.73000000 | **30-Year:** -1573.42000000

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

- **3-Month:** -463.34000000 | **1-Year:** -4921.75000000 | **5-Year:** -6568.88000000 | **10-Year:** -6519.93000000 | **30-Year:** -471.87000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222390 | 0.56%                | -0.16%               | -0.06%               |
| Class ID C000087378 | 0.54%                | -0.19%               | -0.19%               |
| Class ID C000195140 | 0.69%                | -0.24%               | -0.03%               |
| Class ID C000087380 | 0.58%                | -0.14%               | -0.03%               |
| Class ID C000087379 | 0.56%                | -0.16%               | -0.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $27991.32                | $3193222.79                                |
| Month 2  | $170358.34               | $-4523972.93                               |
| Month 3  | $-1387312.27             | $-1760944.85                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Antonio B Won Pat International Airport Authority                            | Antonio B Won Pat International Airport Authority, Series A                            | CUSIP: 40064RFK0<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    500000 | PA      | $516383.55    | 0.06%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                 | Michigan State Housing Development Authority, Series A                                 | CUSIP: 594654ZZ1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1759473.37   | 0.19%             | 2028-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series C-2                                    | CUSIP: 544532HE7<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |  14100000 | PA      | $14100000.00  | 1.55%             | 2055-07-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                | Main Street Natural Gas, Inc., Series A                                                | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1325669.44   | 0.15%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No. 1 Bend-La Pine           | Deschutes County Administrative School District No. 1 Bend-La Pine                     | CUSIP: 250325TB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5879869.80   | 0.65%             | 2029-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                     | Build NYC Resource Corp.                                                               | CUSIP: 12008EVG8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1296249.84   | 0.14%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Decatur Housing Authority                                                    | Decatur Housing Authority                                                              | CUSIP: 24311PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2158952.17   | 0.24%             | 2028-08-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A                                      | CUSIP: 544525R34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $350577.73    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                    | New York Transportation Development Corp.                                              | CUSIP: 650116GG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4250360.40   | 0.47%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                   | Intermountain Power Agency, Series A                                                   | CUSIP: 45884AE25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048903.50   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                | State of Ohio                                                                          | CUSIP: 67759YAK3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1276812.03   | 0.14%             | 2028-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                   | Michigan Finance Authority, Series A-1                                                 | CUSIP: 59447TH89<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    352749 | PA      | $349459.41    | 0.04%             | 2030-06-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Utah State Building Ownership Authority                                      | Utah State Building Ownership Authority                                                | CUSIP: 917547YX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1738654.19   | 0.19%             | 2026-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                  | TSASC, Inc., Series A                                                                  | CUSIP: 898526ET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500193.25    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                              | City of Chicago, Series A                                                              | CUSIP: 167486G45<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044331.60   | 0.11%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                               | State of Texas                                                                         | CUSIP: 882724C47<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2025772.71   | 0.22%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                        | Puerto Rico Sales Tax Financing Corp., Series A-1                                      | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     70000 | PA      | $54000.19     | 0.01%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority, Series B                              | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2063937.60   | 0.23%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                 | Michigan State Housing Development Authority, Series A                                 | CUSIP: 594654A47<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1480042.18   | 0.16%             | 2029-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                             | Virginia Public School Authority, Series B                                             | CUSIP: 92818HGX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1865559.40   | 0.21%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County                       | Metropolitan Government of Nashville & Davidson County                                 | CUSIP: 592112RB4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948104.40    | 0.10%             | 2029-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                         | Hillsborough County Industrial Development Authority, Series D                         | CUSIP: 43233KBB9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.10%             | 2054-11-15      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                | State of Ohio, Series U                                                                | CUSIP: 677522RM8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2685640.42   | 0.30%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Armstrong School District                                                    | Armstrong School District, Series A                                                    | CUSIP: 042467MD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2169124.23   | 0.24%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                               | State of Texas, Series A                                                               | CUSIP: 882724F69<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2459856.32   | 0.27%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                      | New York City Housing Development Corp., Series F-2                                    | CUSIP: 64972KGU3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981319.60    | 0.11%             | 2064-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority                                  | New Memphis Arena Public Building Authority                                            | CUSIP: 64704CAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957567.80    | 0.11%             | 2027-04-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Service District No. 1                                      | Clackamas County Service District No. 1                                                | CUSIP: 179282FV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2665296.00   | 0.29%             | 2031-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| County of Washington                                                         | County of Washington, Series A                                                         | CUSIP: 937785VQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1221051.45   | 0.13%             | 2032-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                         | North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys        | CUSIP: 662842SA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1767120.74   | 0.19%             | 2033-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                             | State of Florida, Series B                                                             | CUSIP: 34115PAZ8<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   9665000 | PA      | $9691463.74   | 1.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series B                                      | CUSIP: 544525W79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046500.70   | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                  | Kenton County Airport Board, Series A                                                  | CUSIP: 491026VS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1174893.86   | 0.13%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                               | New Jersey Transportation Trust Fund Authority, Series A-1                             | CUSIP: 6461362B6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10192834.00  | 1.12%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                          | Rhode Island Student Loan Authority, Series B                                          | CUSIP: 762323DH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047018.70   | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | Indiana Finance Authority, Series B                                                    | CUSIP: 455059AL9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1484249.10   | 0.16%             | 2025-08-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District                                             | Eastern Municipal Water District, Series A                                             | CUSIP: 27627TCA8<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |   4095000 | PA      | $4092134.32   | 0.45%             | 2025-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                             | Onondaga Civic Development Corp.                                                       | CUSIP: 682832KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $755500.34    | 0.08%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                           | Tennessee Energy Acquisition Corp.                                                     | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   7650000 | PA      | $7653115.08   | 0.84%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                | State of Ohio, Series A                                                                | CUSIP: 677522R30<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1296894.68   | 0.14%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | University of California, Series BG                                                    | CUSIP: 91412HGG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2117676.00   | 0.23%             | 2030-05-15      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management - Institutional Shares                    | Dreyfus Government Cash Management - Institutional Shares                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  34562919 | NS      | $34562918.96  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Michigan State Housing Development Authority                                 | Michigan State Housing Development Authority, Series A                                 | CUSIP: 594654A62<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1093753.93   | 0.12%             | 2030-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                 | New Jersey Housing & Mortgage Finance Agency, Series B                                 | CUSIP: 6461084N7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991708.30    | 0.11%             | 2029-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                          | Columbus Regional Airport Authority, Series A                                          | CUSIP: 199546CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2104930.40   | 0.23%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                          | State of New Jersey, Series A                                                          | CUSIP: 646039YK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5104626.50   | 0.56%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wise County Industrial Development Authority                                 | Wise County Industrial Development Authority, Series A                                 | CUSIP: 977228AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2955287.70   | 0.33%             | 2040-10-01      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Petersburg Redevelopment & Housing Authority                                 | Petersburg Redevelopment & Housing Authority                                           | CUSIP: 716314AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523051.50   | 0.28%             | 2045-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority, Series 1                                   | CUSIP: 842469BP2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    470000 | PA      | $488395.10    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County (The)                                 | Development Authority of Monroe County (The), Series 1                                 | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1511859.93   | 0.17%             | 2049-07-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                 | Commonwealth of Pennsylvania                                                           | CUSIP: 70914PL91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4885559.50   | 0.54%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                  | Shelby County Health Educational & Housing Facilities Board, Series B                  | CUSIP: 821691AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080060.00   | 0.23%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                          | North Carolina State Education Assistance Authority, Series A                          | CUSIP: 658262GQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $782193.75    | 0.09%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City & County of Denver                                                      | City & County of Denver, Series A                                                      | CUSIP: 249182KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2811447.93   | 0.31%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Madison                                                              | City of Madison, Series A                                                              | CUSIP: 55844RNL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6690000 | PA      | $6535008.76   | 0.72%             | 2026-10-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                         | New Hope Cultural Education Facilities Finance Corp.                                   | CUSIP: 64542UGR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $354407.74    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 12                                | Village Community Development District No. 12                                          | CUSIP: 92708FAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $946034.23    | 0.10%             | 2026-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Peoria Tazewell Etc Counties Community College District No. 514              | Peoria Tazewell Etc Counties Community College District No. 514, Series B              | CUSIP: 713244EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2197695.60   | 0.24%             | 2028-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Inglewood Unified School District                                            | Inglewood Unified School District, Series B                                            | CUSIP: 457110NQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3066942.60   | 0.34%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                           | Matching Fund Special Purpose Securitization Corp., Series A                           | CUSIP: 57665NAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   4200000 | PA      | $4215986.46   | 0.46%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority                                  | CUSIP: 708692BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7599488.00   | 0.84%             | 2033-12-01      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                          | Rhode Island Student Loan Authority, Series B                                          | CUSIP: 762323DG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1825976.78   | 0.20%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge Enterprise                                                   | Colorado Bridge Enterprise                                                             | CUSIP: 19633SAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4476417.68   | 0.49%             | 2027-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas                                                               | City of Dallas, Series B                                                               | CUSIP: 235219XD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7101565.10   | 0.78%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | Washington State Housing Finance Commission, Series 1N                                 | CUSIP: 93978TV55<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1095977.87   | 0.12%             | 2032-12-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                   | Utah Infrastructure Agency                                                             | CUSIP: 917467BA9<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1286163.07   | 0.14%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Sales Tax District                                                 | Jefferson Sales Tax District, Series A                                                 | CUSIP: 474176KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540749.15   | 0.17%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                         | Tennessee Housing Development Agency, Series 1-C                                       | CUSIP: 880461GC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1191665.11   | 0.13%             | 2029-01-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                         | State of Mississippi, Series C                                                         | CUSIP: 6055806V6<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3139602.18   | 0.35%             | 2027-10-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                                    | Jersey City Municipal Utilities Authority, Series A                                    | CUSIP: 476624CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.11%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | Puerto Rico Electric Power Authority, Series RR                                        | CUSIP: 74526QDE9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   2250000 | PA      | $2247223.28   | 0.25%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                 | Greater Asheville Regional Airport Authority                                           | CUSIP: 39160CAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1219173.32   | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saratoga Union School District                                               | Saratoga Union School District                                                         | CUSIP: 803469DU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6239045.80   | 0.69%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                          | Arizona Health Facilities Authority, Series B                                          | CUSIP: 040507QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2392350.72   | 0.26%             | 2046-01-01      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority, Series D                              | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3156309.60   | 0.35%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Seattle Housing Authority                                                    | Seattle Housing Authority                                                              | CUSIP: 812636ML9<br>LEI: 5493003LM6XXXMFX5M88 | Long             | DBT              | MUN               | US        |    895000 | PA      | $862890.26    | 0.09%             | 2026-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                | Central Texas Turnpike System, Series C                                                | CUSIP: 88283KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7088588.00   | 0.78%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | Black Belt Energy Gas District, Series C-1                                             | CUSIP: 09182TBY2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    880000 | PA      | $886608.80    | 0.10%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                            | Southeast Energy Authority A Cooperative District, Series A-1                          | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10604400.00  | 1.17%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Gloucester County Economic Development Authority                             | Gloucester County Economic Development Authority, Series A                             | CUSIP: 37970RAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3971929.20   | 0.44%             | 2038-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                               | Clovis Unified School District, Series A                                               | CUSIP: 189342UN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2479567.00   | 0.27%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Country Club Hills                                                   | City of Country Club Hills                                                             | CUSIP: 222345HS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1230817.83   | 0.14%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | State of Illinois, Series C                                                            | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5920000 | PA      | $6102566.88   | 0.67%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                            | Upper Illinois River Valley Development Authority                                      | CUSIP: 91588TBC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100378.75    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                          | State of Washington, Series F                                                          | CUSIP: 93974AUF9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5720000 | PA      | $5434972.40   | 0.60%             | 2026-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                 | Michigan State Housing Development Authority, Series A                                 | CUSIP: 594654A39<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2607294.11   | 0.29%             | 2029-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                      | Energy Southeast A Cooperative District, Series A-1                                    | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1618477.95   | 0.18%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                          | North Dakota Housing Finance Agency, Series A                                          | CUSIP: 6589095Q5<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    580000 | PA      | $577623.86    | 0.06%             | 2026-01-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                       | County of Clark Department of Aviation, Series B                                       | CUSIP: 18085PSU9<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3051879.90   | 0.34%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                            | Southeast Energy Authority A Cooperative District, Series B                            | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2638996.00   | 0.29%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                          | State of New Jersey                                                                    | CUSIP: 646039ZB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903297.50    | 0.10%             | 2030-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                | Main Street Natural Gas, Inc., Series B                                                | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3303057.32   | 0.36%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A-5                                    | CUSIP: 544495DY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |    400000 | PA      | $400000.00    | 0.04%             | 2035-07-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| County of Washington                                                         | County of Washington, Series A                                                         | CUSIP: 937785UX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3823208.40   | 0.42%             | 2028-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                 | Clark County School District, Series A                                                 | CUSIP: 1810595T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6295000 | PA      | $6538890.33   | 0.72%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                | State of Utah, Series B                                                                | CUSIP: 917542QV7<br>LEI: 254900RWV9NSVUZONC07 | Long             | DBT              | MUN               | US        |    690827 | PA      | $690057.73    | 0.08%             | 2025-07-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                             | State of Georgia, Series A                                                             | CUSIP: 373385HH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3178626.20   | 0.35%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                       | Virginia Housing Development Authority, Series A                                       | CUSIP: 92812WNB6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2030950.91   | 0.22%             | 2029-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                              | Indianapolis Local Public Improvement Bond Bank, Series D                              | CUSIP: 45528UD65<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2521742.41   | 0.28%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                  | District of Columbia Housing Finance Agency                                            | CUSIP: 25477PQA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2633892.29   | 0.29%             | 2028-07-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Municipal Utility District No. 134B                         | Fort Bend County Municipal Utility District No. 134B                                   | CUSIP: 34683LRD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $410600.07    | 0.05%             | 2027-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority, Series A                                   | CUSIP: 84247PNK3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4470696.00   | 0.49%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                             | City of New York, Series H                                                             | CUSIP: 64966SMV5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2147224.59   | 0.24%             | 2029-02-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Beth Israel Lahey Health, Inc.                                               | Beth Israel Lahey Health, Inc., Series L                                               | CUSIP: 08661UAA4<br>LEI: 549300QPZ5W3279DU141 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2470504.16   | 0.27%             | 2028-07-01      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                           | Montana Facility Finance Authority, Series B                                           | CUSIP: 612043KR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1308296.60   | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Municipal Utility District No. 138                         | Montgomery County Municipal Utility District No. 138                                   | CUSIP: 61371EFD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1986686.88   | 0.22%             | 2030-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| County of Pasco                                                              | County of Pasco, Series A                                                              | CUSIP: 70252AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087424.60   | 0.23%             | 2027-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hamilton Southeastern Schools                                                | Hamilton Southeastern Schools, Series A                                                | CUSIP: 40785TBN2<br>LEI: 5493000FC485CIXGCV15 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2154859.22   | 0.24%             | 2025-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kane & DeKalb Counties Community Unit School District No. 302                | Kane & DeKalb Counties Community Unit School District No. 302, Series B                | CUSIP: 483782KM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1891711.36   | 0.21%             | 2029-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                          | Rhode Island Student Loan Authority, Series B                                          | CUSIP: 762323DJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046603.60   | 0.12%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | Indiana Finance Authority, Series B                                                    | CUSIP: 45505RBP9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5996346.00   | 0.66%             | 2028-05-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| City of Madison                                                              | City of Madison, Series A                                                              | CUSIP: 55844RNM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6690000 | PA      | $6375780.07   | 0.70%             | 2027-10-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                    | Ohio Turnpike & Infrastructure Commission, Series A                                    | CUSIP: 67760HNN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028548.40   | 0.22%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                  | Virginia Small Business Financing Authority                                            | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499756.00   | 0.28%             | 2052-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                            | Iowa Student Loan Liquidity Corp., Series B                                            | CUSIP: 462590PC8<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    565000 | PA      | $585553.23    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                  | Kenton County Airport Board, Series A                                                  | CUSIP: 491026VT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1315581.50   | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series B                                      | CUSIP: 5444954Y7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200737.28   | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                          | Arizona Health Facilities Authority, Series B                                          | CUSIP: 040507QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $597032.10    | 0.07%             | 2046-01-01      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Alabama Community College System                                             | Alabama Community College System                                                       | CUSIP: 01025PFW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506679.15    | 0.06%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority, Series A                                       | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002168.50   | 0.55%             | 2041-10-01      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                              | Kentucky Economic Development Finance Authority, Series A                              | CUSIP: 49126PET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4245000 | PA      | $4252941.12   | 0.47%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                              | City of Chicago, Series B                                                              | CUSIP: 167486ZR3<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1375632.75   | 0.15%             | 2033-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                         | State of Connecticut, Series A                                                         | CUSIP: 20772KLQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2253855.96   | 0.25%             | 2026-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No. 490                             | Harris County Municipal Utility District No. 490                                       | CUSIP: 41430ECG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1545697.55   | 0.17%             | 2029-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                      | New York City Housing Development Corp., Class A                                       | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8215158.40   | 0.90%             | 2031-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                         | District of Columbia                                                                   | CUSIP: 254840DR9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1091571.34   | 0.12%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake                                                               | County of Wake, Series C                                                               | CUSIP: 930864LG6<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   4575000 | PA      | $5174540.48   | 0.57%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A                                      | CUSIP: 544495Y32<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    675000 | PA      | $690754.43    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                   | Illinois Finance Authority, Series B                                                   | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1116167.85   | 0.12%             | 2042-05-01      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                    | New York Transportation Development Corp.                                              | CUSIP: 650116GK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5124924.50   | 0.56%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | State of Illinois                                                                      | CUSIP: 452152D81<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1626254.34   | 0.18%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                              | State of Oregon, Series B                                                              | CUSIP: 68609UNJ0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1179638.54   | 0.13%             | 2031-05-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                              | State of Oregon, Series B                                                              | CUSIP: 68609UNK7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547138.40   | 0.17%             | 2032-05-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A                                      | CUSIP: 544532GN8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $2019919.02   | 0.22%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston                                                            | City of Galveston, Series A                                                            | CUSIP: 364568JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $746614.35    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | State of Illinois, Series D                                                            | CUSIP: 452152Q46<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5139748.38   | 0.57%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                           | State of Minnesota, Series B                                                           | CUSIP: 60412AP56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3371951.10   | 0.37%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weber School District                                                        | Weber School District                                                                  | CUSIP: 94766PJX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1438630.52   | 0.16%             | 2032-06-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System                                              | State of Hawaii Airports System, Series A                                              | CUSIP: 419794ZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044312.50   | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forsyth                                                              | City of Forsyth                                                                        | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3080287.49   | 0.34%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A-7                                    | CUSIP: 544495DS0<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |   1200000 | PA      | $1200000.00   | 0.13%             | 2035-07-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| City of Decatur                                                              | City of Decatur, Series A                                                              | CUSIP: 242811W29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1848943.77   | 0.20%             | 2026-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                               | Texas Public Finance Authority                                                         | CUSIP: 88277PAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507116.25    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                        | State of Rhode Island, Series A                                                        | CUSIP: 76222RB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2435000.00   | 0.27%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport, Series A | CUSIP: 79766DWG0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4186391.60   | 0.46%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gunnison County Housing Authority                                            | Gunnison County Housing Authority                                                      | CUSIP: 402884AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $817259.05    | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | Indiana Finance Authority, Series A                                                    | CUSIP: 455059AH8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1942119.80   | 0.21%             | 2038-12-01      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Department of Aviation                                       | City of Atlanta, Series B                                                              | CUSIP: 04780MXG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2253521.16   | 0.25%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | Black Belt Energy Gas District, Series B                                               | CUSIP: 09182TBD8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7195000 | PA      | $6977859.94   | 0.77%             | 2053-04-01      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Springboro Community City School District                                    | Springboro Community City School District                                              | CUSIP: 85022KDY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021375.40   | 0.22%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas City Municipal Assistance Corp.                                       | Kansas City Municipal Assistance Corp., Series B-1                                     | CUSIP: 485052RL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1931012.20   | 0.21%             | 2026-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                         | Tennessee Housing Development Agency, Series 3-C                                       | CUSIP: 88046KPP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999926.60   | 0.22%             | 2056-01-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| County of Suffolk                                                            | County of Suffolk, Series B                                                            | CUSIP: 86476PVR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3492606.95   | 0.38%             | 2026-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit                                                              | City of Detroit, Series D                                                              | CUSIP: 251237W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $13268861.10  | 1.46%             | 2032-07-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Peoria Tazewell Etc Counties Community College District No. 514              | Peoria Tazewell Etc Counties Community College District No. 514, Series B              | CUSIP: 713244EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $870116.76    | 0.10%             | 2029-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | State of Illinois, Series B                                                            | CUSIP: 4521526T3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    800000 | PA      | $842226.80    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                           | New York State Dormitory Authority, Series C                                           | CUSIP: 64990FD84<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4206877.57   | 0.46%             | 2029-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority, Series B                                       | CUSIP: 13048VLM8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1519374.11   | 0.17%             | 2027-10-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                   | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series B                   | CUSIP: 120827DP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3458559.98   | 0.38%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                             | Onondaga Civic Development Corp.                                                       | CUSIP: 682832KR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $798709.50    | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                         | Tennessee Housing Development Agency, Series 1-C                                       | CUSIP: 880461GD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2225323.34   | 0.24%             | 2029-07-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Inglewood Unified School District                                            | Inglewood Unified School District, Series B                                            | CUSIP: 457110NW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1220535.03   | 0.13%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                           | Denton Independent School District                                                     | CUSIP: 249002EE2<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   5950000 | PA      | $5836988.68   | 0.64%             | 2028-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | Chicago O'Hare International Airport, Series C                                         | CUSIP: 1675935N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5262326.00   | 0.58%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston County Health Care Authority                                         | Houston County Health Care Authority, Series A                                         | CUSIP: 441878BV6<br>LEI: 549300I8OJ0JNPDR4L55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008687.20   | 0.22%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | State of Illinois, Series A                                                            | CUSIP: 452153AH2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3923018.20   | 0.43%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | San Diego County Regional Airport Authority, Series B                                  | CUSIP: 79739GQU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1838954.60   | 0.20%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis                                                          | City of Minneapolis                                                                    | CUSIP: 60375BKJ4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5527996.65   | 0.61%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of King                                                               | County of King, Series A                                                               | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9869319.00   | 1.09%             | 2040-01-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | Indiana Finance Authority, Series B                                                    | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | STIV             | MUN               | US        |   1680000 | PA      | $1663110.62   | 0.18%             | 2039-03-01      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation                          | Metropolitan Washington Airports Authority Aviation, Series A                          | CUSIP: 592647FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1068306.79   | 0.12%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | Black Belt Energy Gas District, Series F                                               | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10427342.00  | 1.15%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                         | Massachusetts Housing Finance Agency, Series B-2                                       | CUSIP: 57587GKM6<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1231912.58   | 0.14%             | 2025-12-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City                                                       | City of Salt Lake City, Series A                                                       | CUSIP: 795576GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059312.20   | 0.23%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Center Grove Community School Corp.                                          | Center Grove Community School Corp.                                                    | CUSIP: 151469FQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1762176.24   | 0.19%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Salle & Bureau Counties Township High School District No. 120             | La Salle & Bureau Counties Township High School District No. 120                       | CUSIP: 504480GV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2134733.22   | 0.23%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority, Series 1                                   | CUSIP: 842469AD0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3387591.51   | 0.37%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A                                      | CUSIP: 544532GJ7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031143.00   | 0.22%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority, Series 1                                   | CUSIP: 84247PMT5<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1280089.88   | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No. 489                             | Harris County Municipal Utility District No. 489                                       | CUSIP: 41423LKQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1011951.92   | 0.11%             | 2026-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series B-6                                    | CUSIP: 544495DL5<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |    350000 | PA      | $350000.00    | 0.04%             | 2034-07-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | San Diego County Regional Airport Authority, Series B                                  | CUSIP: 79739GQT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566468.75   | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                      | New York City Housing Development Corp., Series A-2                                    | CUSIP: 64972KJL0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4896223.50   | 0.54%             | 2064-11-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Inglewood Unified School District                                            | Inglewood Unified School District, Series B                                            | CUSIP: 457110NR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1582415.15   | 0.17%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Higher Education Authority, Inc.                                 | North Texas Higher Education Authority, Inc., Series 1-A                               | CUSIP: 66286UAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036789.30   | 0.11%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A                                      | CUSIP: 544532AW4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    430000 | PA      | $449995.30    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                    | Alameda Corridor Transportation Authority, Series B                                    | CUSIP: 010869HV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4055566.95   | 0.45%             | 2027-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Salt Lake                                                          | County of Salt Lake, Series B                                                          | CUSIP: 795676UQ6<br>LEI: 5493006VYRFL1AI6GT29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1976404.00   | 0.22%             | 2025-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series B-3                                    | CUSIP: 544495DH4<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |    500000 | PA      | $500000.00    | 0.06%             | 2034-07-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                       | Iowa Finance Authority                                                                 | CUSIP: 46246YAB8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1994227.20   | 0.22%             | 2042-01-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                          | North Dakota Housing Finance Agency, Series D                                          | CUSIP: 65889BAM6<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1114206.30   | 0.12%             | 2031-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Galveston                                                            | City of Galveston, Series A                                                            | CUSIP: 364568JR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781819.28    | 0.09%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                           | Anaheim Public Financing Authority, Series A                                           | CUSIP: 03255LKB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1086550.48   | 0.12%             | 2027-07-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                 | Greater Asheville Regional Airport Authority                                           | CUSIP: 39160CAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1160266.80   | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                 | Greater Asheville Regional Airport Authority                                           | CUSIP: 39160CAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038531.90   | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Corpus Christi Authority of Nueces County                            | Port of Corpus Christi Authority of Nueces County                                      | CUSIP: 733911BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2985862.50   | 0.33%             | 2026-12-01      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                          | Arizona Health Facilities Authority, Series B                                          | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11880704.40  | 1.31%             | 2046-01-01      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                           | Greater Orlando Aviation Authority, Series A                                           | CUSIP: 392274Y83<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4314496.06   | 0.47%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No. 171                             | Harris County Municipal Utility District No. 171                                       | CUSIP: 41423THK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $977550.81    | 0.11%             | 2026-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                          | North Carolina State Education Assistance Authority, Series A                          | CUSIP: 658262GR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1368817.84   | 0.15%             | 2029-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                       | New York State Energy Research & Development Authority, Series D                       | CUSIP: 649845HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7285000 | PA      | $7118808.02   | 0.78%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | New Jersey Economic Development Authority, Series A                                    | CUSIP: 645780FL6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3045907.55   | 0.34%             | 2039-10-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                | Main Street Natural Gas, Inc., Series A                                                | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7490000 | PA      | $7486787.54   | 0.82%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                 | Clark County School District, Series A                                                 | CUSIP: 1810595S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5195000 | PA      | $5299900.56   | 0.58%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No. 1                                   | Matagorda County Navigation District No. 1, Series A                                   | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4260000 | PA      | $3990536.68   | 0.44%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp. II                          | Texas Municipal Gas Acquisition and Supply Corp. II, Series C                          | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |  10635000 | PA      | $10637267.38  | 1.17%             | 2027-09-15      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                  | Ohio Higher Educational Facility Commission, Series B                                  | CUSIP: 67756DZJ8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3995000 | PA      | $3942903.20   | 0.43%             | 2042-12-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Center Grove Community School Corp.                                          | Center Grove Community School Corp.                                                    | CUSIP: 151469FT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007026.40   | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                | Main Street Natural Gas, Inc., Series E                                                | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3785257.78   | 0.42%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                              | State of Hawaii, Series FH                                                             | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3620000 | PA      | $3692019.90   | 0.41%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Redevelopment Agency                                             | Jersey City Redevelopment Agency, Series A                                             | CUSIP: 476637AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3344658.66   | 0.37%             | 2025-12-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation                          | Metropolitan Washington Airports Authority Aviation, Series A                          | CUSIP: 592647JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2234982.67   | 0.25%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                      | City of Phoenix Civic Improvement Corp.                                                | CUSIP: 71883MQM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6210000 | PA      | $6533019.36   | 0.72%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series D                                      | CUSIP: 5444955P5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    655000 | PA      | $674711.37    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shakopee Independent School District No. 720                                 | Shakopee Independent School District No. 720, Series C                                 | CUSIP: 819190VX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5155000 | PA      | $4470273.21   | 0.49%             | 2029-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A                                      | CUSIP: 544532JV7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2352945.26   | 0.26%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Salt Lake                                                          | County of Salt Lake, Series B                                                          | CUSIP: 795676UV5<br>LEI: 5493006VYRFL1AI6GT29 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1344305.24   | 0.15%             | 2030-12-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                           | Wisconsin Housing & Economic Development Authority, Series C                           | CUSIP: 97689QVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $967576.90    | 0.11%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series A                         | CUSIP: 70917RKC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1381933.27   | 0.15%             | 2027-07-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Arapahoe County School District No. 5 Cherry Creek                           | Arapahoe County School District No. 5 Cherry Creek, Series B                           | CUSIP: 164555BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4861985.50   | 0.54%             | 2026-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | New Jersey Economic Development Authority, Series A                                    | CUSIP: 64578EJD0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2901536.13   | 0.32%             | 2027-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| County of Gaston                                                             | County of Gaston                                                                       | CUSIP: 367298ZN9<br>LEI: 549300RQ7QXM9RXM7Z26 | Long             | DBT              | MUN               | US        |   6815000 | PA      | $7072568.84   | 0.78%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series B-2                                    | CUSIP: 544495DG6<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.12%             | 2034-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                           | Wisconsin Housing & Economic Development Authority, Series C                           | CUSIP: 97689QVN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $907825.20    | 0.10%             | 2031-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                          | Virginia College Building Authority, Series D                                          | CUSIP: 92778VBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2993420.40   | 0.33%             | 2026-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Harris County Water Control & Improvement District No. 158                   | Harris County Water Control & Improvement District No. 158                             | CUSIP: 41453EAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $312814.71    | 0.03%             | 2025-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Reno County Unified School District No. 309 Nickerson                        | Reno County Unified School District No. 309 Nickerson                                  | CUSIP: 759805CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $803677.09    | 0.09%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority, Series A                                       | CUSIP: 13048RAR8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4998418.00   | 0.55%             | 2046-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                 | South Carolina State Housing Finance & Development Authority                           | CUSIP: 83712EHR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005212.50   | 0.11%             | 2026-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Authority                                     | Bristol Industrial Development Authority, Series A                                     | CUSIP: 110354AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1474285.07   | 0.16%             | 2033-11-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Harris County Water Control & Improvement District No. 158                   | Harris County Water Control & Improvement District No. 158                             | CUSIP: 41453EAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $338623.77    | 0.04%             | 2026-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston                                                            | City of Galveston, Series A                                                            | CUSIP: 364568JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $633490.56    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gunnison County Housing Authority                                            | Gunnison County Housing Authority                                                      | CUSIP: 402884AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $574370.89    | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority, Series A                       | CUSIP: 13078HAY8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $10199335.05  | 1.12%             | 2029-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                               | State of Maryland Department of Transportation, Series A                               | CUSIP: 57421FBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1899749.22   | 0.21%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                        | New York State Housing Finance Agency, Series A                                        | CUSIP: 64987JY62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9703345.00   | 1.07%             | 2042-05-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                      | Michigan Strategic Fund                                                                | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1969974.20   | 0.22%             | 2049-10-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| County of Orange                                                             | County of Orange, Series B                                                             | CUSIP: 684609VV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1394712.77   | 0.15%             | 2031-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority, Series 1                                   | CUSIP: 842469BT4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2297846.48   | 0.25%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | Black Belt Energy Gas District, Series B-1                                             | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3920000 | PA      | $3906722.96   | 0.43%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                   | Illinois Finance Authority                                                             | CUSIP: 45203EAE9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2064046.05   | 0.23%             | 2039-10-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                           | State of Wisconsin, Series 2                                                           | CUSIP: 97705ML94<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1999942.67   | 0.22%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                    | Las Vegas Convention & Visitors Authority, Series B                                    | CUSIP: 51771FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5665000 | PA      | $6096216.97   | 0.67%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                             | City of New York, Series G-1                                                           | CUSIP: 64966SLM6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8739411.20   | 0.96%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Washington County Independent School District No. 833                  | South Washington County Independent School District No. 833, Series B                  | CUSIP: 840610ST7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8040000 | PA      | $7962592.49   | 0.88%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation                          | Metropolitan Washington Airports Authority Aviation, Series A                          | CUSIP: 592647MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7381416.00   | 0.81%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas                                                               | City of Dallas, Series B                                                               | CUSIP: 235219XY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7101565.10   | 0.78%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                    | Golden State Tobacco Securitization Corp., Series B                                    | CUSIP: 38122NB35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3588145.86   | 0.39%             | 2029-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                   | Tarrant County Cultural Education Facilities Finance Corp., Series A                   | CUSIP: 87638QSL4<br>LEI: 549300ROY505NVTMMI25 | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.10%             | 2050-11-15      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                            | Southeast Energy Authority A Cooperative District, Series B-1                          | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1921323.83   | 0.21%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                | San Jose Evergreen Community College District, Series B                                | CUSIP: 798189HD1<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   4955000 | PA      | $4922816.78   | 0.54%             | 2043-07-01      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                               | E-470 Public Highway Authority, Series B                                               | CUSIP: 26822LDS0<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4445481.15   | 0.49%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                        | Toll Road Investors Partnership II LP                                                  | CUSIP: 88948ABH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $6404232.60   | 0.70%             | 2032-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| City of Mesquite Waterworks & Sewer System                                   | City of Mesquite                                                                       | CUSIP: 590775DY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1051485.69   | 0.12%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                       | Maine Health & Higher Educational Facilities Authority, Series C                       | CUSIP: 56042R7V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207756.92    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Owen                                                               | County of Owen, Series A                                                               | CUSIP: 69068WAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2761293.90   | 0.30%             | 2039-06-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| Walled Lake Consolidated School District                                     | Walled Lake Consolidated School District                                               | CUSIP: 932423WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $661496.68    | 0.07%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                               | State of Texas                                                                         | CUSIP: 882724RE9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2820695.70   | 0.31%             | 2029-10-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                         | New Hope Cultural Education Facilities Finance Corp.                                   | CUSIP: 64542UGQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $284695.60    | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Financing Authority                                          | Sacramento City Financing Authority, Series A                                          | CUSIP: 785849QH6<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4887311.50   | 0.54%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Town of Sutton                                                               | Town of Sutton                                                                         | CUSIP: 869461JG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1910565.93   | 0.21%             | 2026-06-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Center Grove Community School Corp.                                          | Center Grove Community School Corp.                                                    | CUSIP: 151469FR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1817682.65   | 0.20%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                   | Michigan Finance Authority, Series MI-2                                                | CUSIP: 59447T8C0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7001143.80   | 0.77%             | 2044-12-01      | Variable      | 3.88%                 | Yes           |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                  | District of Columbia Housing Finance Agency, Series B                                  | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2863985.30   | 0.32%             | 2029-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Peoria Tazewell Etc Counties Community College District No. 514              | Peoria Tazewell Etc Counties Community College District No. 514, Series B              | CUSIP: 713244EV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2859957.01   | 0.31%             | 2027-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                         | New Hope Cultural Education Facilities Finance Corp.                                   | CUSIP: 64542UGS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $450964.15    | 0.05%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                  | Miami-Dade County Housing Finance Authority, Series B                                  | CUSIP: 593344CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005919.60   | 0.22%             | 2029-03-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| County of Wake                                                               | County of Wake, Series A                                                               | CUSIP: 930864GC1<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   4010000 | PA      | $4010000.00   | 0.44%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Salt Lake                                                          | County of Salt Lake, Series B                                                          | CUSIP: 795676UT0<br>LEI: 5493006VYRFL1AI6GT29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956917.00    | 0.11%             | 2028-12-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | Arizona Industrial Development Authority, Series A                                     | CUSIP: 04052FEN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12613566.00  | 1.39%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland                                                             | Port of Portland, Series 30-A                                                          | CUSIP: 7352403P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3150126.90   | 0.35%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston Combined Utility System                                      | City of Houston, Series B                                                              | CUSIP: 44244CGJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2060178.40   | 0.23%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                  | TSASC, Inc., Series A                                                                  | CUSIP: 898526EU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3136915.28   | 0.35%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                   | Michigan Finance Authority, Series MI-3                                                | CUSIP: 59447T7E7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3041730.30   | 0.33%             | 2038-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                           | Matching Fund Special Purpose Securitization Corp., Series A                           | CUSIP: 57665NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |  15430000 | PA      | $15654017.37  | 1.72%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                    | New York Transportation Development Corp.                                              | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2095977.00   | 0.23%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority, Series 1                                   | CUSIP: 842469AH1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1585460.51   | 0.17%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gunnison County Housing Authority                                            | Gunnison County Housing Authority                                                      | CUSIP: 402884AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $619007.16    | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                           | State of Wisconsin, Series 4                                                           | CUSIP: 97705MYE9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3352371.60   | 0.37%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                        | New York State Housing Finance Agency, Series A                                        | CUSIP: 64987JGA3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    960000 | PA      | $960000.00    | 0.11%             | 2025-11-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                   | Finance Authority of Maine, Series A-1                                                 | CUSIP: 56042TBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031195.90   | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | Los Angeles Department of Water & Power, Series A                                      | CUSIP: 544532GM0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5232503.50   | 0.58%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton Southeastern Schools                                                | Hamilton Southeastern Schools, Series A                                                | CUSIP: 40785TBP7<br>LEI: 5493000FC485CIXGCV15 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1446084.35   | 0.16%             | 2025-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                         | County of Miami-Dade, Series A                                                         | CUSIP: 59333P7F9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098985.80   | 0.23%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon School Boards Association                                             | Oregon School Boards Association, Series B                                             | CUSIP: 686053BN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4692534 | PA      | $4780278.65   | 0.53%             | 2028-06-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No. 171                             | Harris County Municipal Utility District No. 171                                       | CUSIP: 41423THL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $864187.36    | 0.10%             | 2027-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                            | Upper Illinois River Valley Development Authority                                      | CUSIP: 91588TBE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1178687.73   | 0.13%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                       | Maine Health & Higher Educational Facilities Authority, Series C                       | CUSIP: 56042R7U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204149.92    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corona-Norco Unified School District                                         | Corona-Norco Unified School District, Series A                                         | CUSIP: 219764NL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $964298.30    | 0.11%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No. 489                             | Harris County Municipal Utility District No. 489                                       | CUSIP: 41423LKP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $987732.10    | 0.11%             | 2025-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority, Series C                              | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4677396.30   | 0.51%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | New Jersey Economic Development Authority, Series B                                    | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2895813.46   | 0.32%             | 2034-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Dane                                                               | County of Dane, Series A                                                               | CUSIP: 236092AJ1<br>LEI: 5493000I57K3U1SCHU17 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2936946.30   | 0.32%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                      | Municipal Electric Authority of Georgia, Series A                                      | CUSIP: 6262074P6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    970000 | PA      | $979755.68    | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                          | Idaho Housing & Finance Association, Series A                                          | CUSIP: 45129Y4N3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1144573.38   | 0.13%             | 2028-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| City & County of Denver Airport System                                       | City & County of Denver Airport System, Series A                                       | CUSIP: 249182KY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5370000 | PA      | $5411952.05   | 0.60%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                         | New Hope Cultural Education Facilities Finance Corp.                                   | CUSIP: 64542UGP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301491.54    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                            | Southeast Energy Authority A Cooperative District, Series C                            | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3142011.90   | 0.35%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                            | State of Maryland, Series A                                                            | CUSIP: 574193TC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5407361.50   | 0.60%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walled Lake Consolidated School District                                     | Walled Lake Consolidated School District                                               | CUSIP: 932423WV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $685000.00    | 0.08%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                | Central Texas Turnpike System, Series A                                                | CUSIP: 882762AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6526784.22   | 0.72%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                         | Metropolitan Council, Series C                                                         | CUSIP: 591852E95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5605000 | PA      | $5329791.70   | 0.59%             | 2029-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** NEW YORK LIFE INVESTMENTS FUNDS TRUST

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer