# EDGAR Filing Document

**Accession Number:** 0001225290
**File Stem:** 0001752724-23-025243
**Filing Date:** 2023-2
**Character Count:** 60646
**Document Hash:** c07449e47680d3d2c9447168f3bb66ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-025243.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001752724-23-025243

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SMA RELATIONSHIP TRUST
- **CENTRAL INDEX KEY:** 0001225290
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21328
- **FILM NUMBER:** 23633957

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-525-7100

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Series M (Series ID: S000002663)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007298 | Series M     | SRTMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SMA RELATIONSHIP TRUST

- **b. Investment Company Act file number:** 811-21328

- **c. CIK number of Registrant:** 0001225290

- **d. LEI of Registrant:** 549300VKW25DI75NND67

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

  - **Street Address 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 212-821-3000

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

- **a. Name of Series:** Series M

- **b. EDGAR series identifier (if any):** S000002663

- **c. LEI of Series:** 549300DLK0K9ZR86EJ22

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $380313676.46

**Total Liabilities:** $1847835.33

**Net Assets:** $378465841.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -709.51000000 | **1-Year:** -14428.38000000 | **5-Year:** -82509.25000000 | **10-Year:** -74401.19000000 | **30-Year:** -12162.59000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007298 | -0.30%               | 3.17%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-1708871.31                               |
| Month 2  | $0.00                    | $11266868.02                               |
| Month 3  | $0.00                    | $72261.75                                  |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays Municipal Bond (Returns Universe)

- **Index Identifier:** LEHM.MC.LEHMRT0730UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| South Carolina Public Service Authority                                 | South Carolina Public Service Authority                                 | CUSIP: 837151MD8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068454.80   | 0.55%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971XAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3184853.10   | 0.84%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                   | New York State Urban Development Corp.                                  | CUSIP: 64985TAL5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3660128.12   | 0.97%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                         | New York City Municipal Water Finance Authority                         | CUSIP: 64971GKK0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2820899.95   | 0.75%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Health Facilities Development Corp                        | Harris County Health Facilities Development Corp.                       | CUSIP: 41315RGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.13%             | 2041-12-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                           | New Jersey Turnpike Authority                                           | CUSIP: 6461394Z5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3612556.15   | 0.95%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                   | Illinois State Toll Highway Authority                                   | CUSIP: 452252LG2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2295132.65   | 0.61%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | State of Washington                                                     | CUSIP: 93974DXX1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1154059.70   | 0.30%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue        | Washington Metropolitan Area Transit Authority Dedicated Revenue        | CUSIP: 93878YAS8<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4696650.96   | 1.24%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | State of Illinois                                                       | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5633510.77   | 1.49%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | City of New York                                                        | CUSIP: 64966QC65<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6679703.40   | 1.76%             | 2046-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St Lucie County School Board                                            | St. Lucie County School Board                                           | CUSIP: 79207QCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2644192.25   | 0.70%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | City of New York                                                        | CUSIP: 64966MZX0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $2050947.82   | 0.54%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA Water & Sewer Revenue                              | County of Henrico Water & Sewer Revenue                                 | CUSIP: 426170MD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015815.60   | 0.27%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                            | State Street Institutional US Government Money Market Fund              | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    359123 | NS      | $359123.46    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                   | New Jersey Health Care Facilities Financing Authority                   | CUSIP: 64579FYJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.66%             | 2043-07-01      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                       | Mississippi Business Finance Corp.                                      | CUSIP: 60528ACB8<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.34%             | 2035-11-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | New York State Dormitory Authority                                      | CUSIP: 64990AHY4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3671285.45   | 0.97%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | Pennsylvania Turnpike Commission                                        | CUSIP: 709224J91<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2420211.37   | 0.64%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | Commonwealth of Massachusetts                                           | CUSIP: 57582RQX7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   4505000 | PA      | $4989672.23   | 1.32%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                    | School District of Broward County                                       | CUSIP: 115065YH1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085238.60   | 0.55%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                         | Las Vegas Valley Water District                                         | CUSIP: 517845JG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5670000 | PA      | $6221111.53   | 1.64%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                    | Allegheny County Higher Education Building Authority                    | CUSIP: 01728RES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.66%             | 2037-12-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                | Harris County Cultural Education Facilities Finance Corp.               | CUSIP: 414009PV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.69%             | 2059-12-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                            | Commonwealth of Pennsylvania                                            | CUSIP: 70914PB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1323265.21   | 0.35%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                      | State of Wisconsin                                                      | CUSIP: 977100EY8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597525.65   | 0.42%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                   | Illinois State Toll Highway Authority                                   | CUSIP: 452252PF0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2523795.23   | 0.67%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                          | New Jersey Transportation Trust Fund Authority                          | CUSIP: 64613CBB3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2692312.11   | 0.71%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                      | King County School District No. 414 Lake Washington                     | CUSIP: 495260M99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4452245.59   | 1.18%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue            | Massachusetts Bay Transportation Authority Sales Tax Revenue            | CUSIP: 575579M95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1933426.69   | 0.51%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 210 Federal Way                          | King County School District No. 210 Federal Way                         | CUSIP: 494890F43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2768007.41   | 0.73%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                    | School District of Broward County                                       | CUSIP: 115065YY4<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2390201.33   | 0.63%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                 | Dallas Fort Worth International Airport                                 | CUSIP: 2350365E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2842342.75   | 0.75%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Martin County Health Facilities Authority                               | Martin County Health Facilities Authority                               | CUSIP: 573903FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $988714.78    | 0.26%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                      | Dallas Independent School District                                      | CUSIP: 235308C84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4130000 | PA      | $4511393.94   | 1.19%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                          | Lamar Consolidated Independent School District                          | CUSIP: 513174XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087865.30   | 0.29%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | State of Illinois                                                       | CUSIP: 452152P70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3354445.33   | 0.89%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | Health & Educational Facilities Authority of the State of Missouri      | CUSIP: 6069014P8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3540000 | PA      | $3540000.00   | 0.94%             | 2035-10-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                          | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461367U9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2203908.20   | 0.58%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | New York State Dormitory Authority                                      | CUSIP: 64990FA20<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6382100.40   | 1.69%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | State of Illinois                                                       | CUSIP: 452153AK5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2959087.38   | 0.78%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                        | New York State Thruway Authority                                        | CUSIP: 650009T78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075864.20   | 0.28%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                    | State of Connecticut                                                    | CUSIP: 20772JY55<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2902618.26   | 0.77%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                            | Commonwealth of Pennsylvania                                            | CUSIP: 70914PQ21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2211481.05   | 0.58%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | City of New York                                                        | CUSIP: 64966QAY6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3191160.90   | 0.84%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority             | Connecticut State Health & Educational Facilities Authority             | CUSIP: 20774LRT4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3575000.00   | 0.94%             | 2036-07-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District            | Salt River Project Agricultural Improvement & Power District            | CUSIP: 79574CBN2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.53%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                   | Metropolitan Transportation Authority                                   | CUSIP: 59261AB22<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 1.06%             | 2032-11-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| San Mateo County Transit District Sales Tax Revenue                     | San Mateo County Transit District Sales Tax Revenue                     | CUSIP: 79905CAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.05%             | 2049-06-01      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | Pennsylvania Turnpike Commission                                        | CUSIP: 709224MW6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031811.20   | 0.54%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                         | New York City Municipal Water Finance Authority                         | CUSIP: 64972GZL1<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5696310.15   | 1.51%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                   | Illinois State Toll Highway Authority                                   | CUSIP: 452252NF2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2805000 | PA      | $3140941.11   | 0.83%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District            | Salt River Project Agricultural Improvement & Power District            | CUSIP: 79574CCP6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2470841.14   | 0.65%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Murray UT                                                       | City of Murray                                                          | CUSIP: 626853CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1110000.00   | 0.29%             | 2037-05-15      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                      | Metropolitan Water District of Southern California                      | CUSIP: 59266TTH4<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1373906.68   | 0.36%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 210 Federal Way                          | King County School District No. 210 Federal Way                         | CUSIP: 494890F50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3638308.58   | 0.96%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                              | City of Los Angeles Department of Airports                              | CUSIP: 544445PS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2185021.53   | 0.58%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                       | Mississippi Business Finance Corp.                                      | CUSIP: 60528ABN3<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.13%             | 2030-12-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | City of New York                                                        | CUSIP: 64966QCX6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4320000 | PA      | $4547562.91   | 1.20%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago              | Metropolitan Water Reclamation District of Greater Chicago              | CUSIP: 167560VP3<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1408383.08   | 0.37%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                   | School Board of Miami-Dade County                                       | CUSIP: 59333MR72<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1979052.54   | 0.52%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Corrections Institution Finance Authority                       | Alabama Corrections Institution Finance Authority                       | CUSIP: 010507CK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5397664.00   | 1.43%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                    | Central Florida Expressway Authority                                    | CUSIP: 153476GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2337653.54   | 0.62%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                         | New York City Municipal Water Finance Authority                         | CUSIP: 64972GRW6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2340579.42   | 0.62%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                     | State of New Jersey                                                     | CUSIP: 646039YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8655000 | PA      | $9781386.80   | 2.58%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                        | New York State Thruway Authority                                        | CUSIP: 650028YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4145000 | PA      | $4481853.37   | 1.18%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                      | State of Louisiana                                                      | CUSIP: 546415L24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3864595.74   | 1.02%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                | Golden State Tobacco Securitization Corp.                               | CUSIP: 38122NXR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1412150.18   | 0.37%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                    | State of Connecticut                                                    | CUSIP: 20772J2Q4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1258565.34   | 0.33%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                    | Central Florida Expressway Authority                                    | CUSIP: 153476GM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5720000 | PA      | $6370534.46   | 1.68%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                   | Metropolitan Transportation Authority                                   | CUSIP: 59261AE78<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3557596.57   | 0.94%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | State of Illinois                                                       | CUSIP: 452153BR9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1256029.34   | 0.33%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971XB31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4261719.60   | 1.13%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | State of Washington                                                     | CUSIP: 93974EAW6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3070000 | PA      | $3273643.23   | 0.86%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Corrections Institution Finance Authority                       | Alabama Corrections Institution Finance Authority                       | CUSIP: 010507CH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $4178134.01   | 1.10%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garland Independent School District                                     | Garland Independent School District                                     | CUSIP: 366155U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2392248.34   | 0.63%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                       | State of Maryland                                                       | CUSIP: 574193US5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3540000 | PA      | $4121460.22   | 1.09%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                             | Washington Health Care Facilities Authority                             | CUSIP: 93978HFN0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1441099.32   | 0.38%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                    | District of Columbia                                                    | CUSIP: 25477GPX7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1955168.16   | 0.52%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                              | City & County of Denver                                                 | CUSIP: 249183UF9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.63%             | 2031-12-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                          | Lower Colorado River Authority                                          | CUSIP: 54811BSQ5<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112956.50   | 0.29%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | Commonwealth of Massachusetts                                           | CUSIP: 57582RD52<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2152562.59   | 0.57%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | Commonwealth of Massachusetts                                           | CUSIP: 57582RRF5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2870577.90   | 0.76%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971XAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1525468.44   | 0.40%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                       | Austin Community College District                                       | CUSIP: 052403EW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058860.30   | 0.28%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alamo Community College District                                        | Alamo Community College District                                        | CUSIP: 011415SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1489945.68   | 0.39%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston County School District                                       | Charleston County School District                                       | CUSIP: 160075ZV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5545000 | PA      | $5552933.23   | 1.47%             | 2023-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | State of Washington                                                     | CUSIP: 93974ERY4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5455331.00   | 1.44%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                            | County of Prince George's                                               | CUSIP: 7417015K8<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5518805.00   | 1.46%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston County School District                                       | Charleston County School District                                       | CUSIP: 160075ZR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3130956.82   | 0.83%             | 2023-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Neches Valley Authority Industrial Development Corp               | Lower Neches Valley Authority Industrial Development Corp.              | CUSIP: 548351AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.08%             | 2038-11-01      | Floating      | 3.21%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | New York State Dormitory Authority                                      | CUSIP: 64990FJH8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2660731.25   | 0.70%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Catoosa County School District                                          | Catoosa County School District                                          | CUSIP: 149278AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2860928.81   | 0.76%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | City of New York                                                        | CUSIP: 64966QFJ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2123699.96   | 0.56%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                | Golden State Tobacco Securitization Corp.                               | CUSIP: 38122NYE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2328118.76   | 0.62%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                           | New Jersey Turnpike Authority                                           | CUSIP: 646140CP6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2269924.54   | 0.60%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                    | School District of Broward County                                       | CUSIP: 115065C36<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   4595000 | PA      | $5250846.65   | 1.39%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                       | Oregon State Facilities Authority                                       | CUSIP: 68608JXD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.82%             | 2034-08-01      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | State of Illinois                                                       | CUSIP: 452153BJ7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3372163.90   | 0.89%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                    | Triborough Bridge & Tunnel Authority                                    | CUSIP: 89602HDP9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3207057.30   | 0.85%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                     | State of New Jersey                                                     | CUSIP: 646039YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7225329.80   | 1.91%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                   | Metropolitan Transportation Authority                                   | CUSIP: 59261ANC7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3170382.32   | 0.84%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville and Jefferson County Metropolitan Sewer District             | Louisville & Jefferson County Metropolitan Sewer District               | CUSIP: 546589W81<br>LEI: 5493004O4I11L8BK0A22 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2516358.00   | 0.66%             | 2023-10-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                    | County of Fairfax                                                       | CUSIP: 30382AJM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5756888.00   | 1.52%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                 | Massachusetts Water Resources Authority                                 | CUSIP: 576051XM3<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2178972.80   | 0.58%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                  | County of Miami-Dade Transit System                                     | CUSIP: 59334PHN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2123311.60   | 0.56%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                      | Virginia Public Building Authority                                      | CUSIP: 928173AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5691521.00   | 1.50%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                   | Illinois State Toll Highway Authority                                   | CUSIP: 452252PX1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057109.20   | 0.28%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue        | Washington Metropolitan Area Transit Authority Dedicated Revenue        | CUSIP: 93878YAV1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5332558.50   | 1.41%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                 | City of Philadelphia                                                    | CUSIP: 717813SY6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066287.00   | 0.55%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                     | Louisville/Jefferson County Metropolitan Government                     | CUSIP: 54659LAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650000.00    | 0.17%             | 2039-10-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon               | Tri-County Metropolitan Transportation District of Oregon               | CUSIP: 89546RQT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2770772.50   | 0.73%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                  | County of Baltimore                                                     | CUSIP: 05914GAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5240000 | PA      | $6065771.08   | 1.60%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | State of Washington                                                     | CUSIP: 93974EVW3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3501025.73   | 0.93%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue              | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue              | CUSIP: 709221WT8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2108718.20   | 0.56%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                           | Commonwealth of Massachusetts                                           | CUSIP: 57582RHJ8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2433923.05   | 0.64%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | New York State Dormitory Authority                                      | CUSIP: 64990FHZ0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1265406.04   | 0.33%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                       | State of Maryland                                                       | CUSIP: 574193RT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2291326.60   | 0.61%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                      | Dallas Independent School District                                      | CUSIP: 235308VY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047475.30   | 0.28%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District            | Salt River Project Agricultural Improvement & Power District            | CUSIP: 79574CEP4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2182893.60   | 0.58%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | Pennsylvania Turnpike Commission                                        | CUSIP: 709224K99<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017659.20   | 0.27%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                     | State of California                                                     | CUSIP: 13063DZY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5482216.00   | 1.45%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue               | North Texas Municipal Water District Water System Revenue               | CUSIP: 662903C68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2284130.21   | 0.60%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                              | Michigan Finance Authority                                              | CUSIP: 59447TQD8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1713718.33   | 0.45%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                           | State of Ohio                                                           | CUSIP: 677522VM3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5524709.50   | 1.46%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                | Golden State Tobacco Securitization Corp.                               | CUSIP: 38122NYF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1269882.96   | 0.34%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                         | New York City Municipal Water Finance Authority                         | CUSIP: 64972GRD8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3182352.30   | 0.84%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                        | State of Florida                                                        | CUSIP: 34153QSW7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1748229.76   | 0.46%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** SMA RELATIONSHIP TRUST

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer