# EDGAR Filing Document

**Accession Number:** 0000353101
**File Stem:** 0001193125-25-292338
**Filing Date:** 2025-11
**Character Count:** 138011
**Document Hash:** 389c9787d0fdd10834b52c7092254090
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292338.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292338

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Short-Intermediate Duration Municipal Trust
- **CENTRAL INDEX KEY:** 0000353101

**ORGANIZATION NAME:**
- **EIN:** 251400935
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03181
- **FILM NUMBER:** 251509912

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED SHORT-INTERMEDIATE DURATION MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20071029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED SHORT TERM MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19950223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT TERM MUNICIPAL TRUST/
- **DATE OF NAME CHANGE:** 19930708

## Series and Classes Contracts Data

### Federated Hermes Short-Intermediate Municipal Fund (Series ID: S000009085)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024677 | Institutional Shares | FSHIX           |
| C000024678 | Service Shares       | FSHSX           |
| C000037571 | Class A Shares       | FMTAX           |

## Nport-Ex

Federated Hermes Short-Intermediate Municipal Fund

Portfolio of Investments

September 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—93.1% |  |
|  | **Alabama—6.8%** |  |
| $6500000 | Black Belt Energy Gas District, AL, Gas Prepay Revenue Bonds Project No. 4 (Series 2019A-1), (Morgan Stanley GTD), <br> 4.000%, Mandatory Tender 12/1/2025<br>| &nbsp;&nbsp; $6521709 |
| &nbsp;&nbsp; 1000000 | Black Belt Energy Gas District, AL, Gas Project Revenue Refunding Bonds (Series 2023D-1), (Goldman Sachs Group, Inc. <br> GTD), 5.500%, Mandatory Tender 2/1/2029<br>| &nbsp;&nbsp; 1071744 |
| &nbsp;&nbsp; 2000000 | Black Belt Energy Gas District, AL, Gas Revenue Bonds (Series 2022B-1), (Goldman Sachs Group, Inc. GTD), 4.000%, <br> Mandatory Tender 10/1/2027<br>| &nbsp;&nbsp; 2038821 |
| &nbsp;&nbsp; 2000000 | Black Belt Energy Gas District, AL, Gas Supply Revenue Bonds (Series 2025E), (BP PLC GTD), 5.000%, 5/1/2035 | &nbsp;&nbsp; 2150305 |
| &nbsp;&nbsp; 7000000 | Columbia, AL IDB PCRB (Alabama Power Co.), PCR Refunding Bonds (Series 2014-D), 3.757%, Mandatory Tender 6/1/2028 | &nbsp;&nbsp; 7156059 |
| &nbsp;&nbsp; 2620000 | Jefferson County, AL Sewer System, Sewer Revenue Warrants (Series 2024), 5.000%, 10/1/2038 | &nbsp;&nbsp; 2821296 |
| &nbsp;&nbsp; 1000000 | Mobile, AL IDB (Alabama Power Co.), PCRB (Series 2007A), 3.375%, Mandatory Tender 6/26/2029 | &nbsp;&nbsp; 1015136 |
| &nbsp;&nbsp; 3250000 | Southeast Energy Authority, AL, Commodity Supply Revenue Bonds (Series 2023B), (Royal Bank of Canada GTD), 5.000%, <br> Mandatory Tender 6/1/2030<br>| &nbsp;&nbsp; 3476070 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 26251140 |
|  | **Arizona—2.4%** |  |
| &nbsp;&nbsp; 2500000 | Chandler, AZ IDA (Intel Corp.), Industrial Development Revenue Bonds (Series 2019), 4.000%, Mandatory Tender 6/1/2029 | &nbsp;&nbsp; 2552179 |
| &nbsp;&nbsp; 2000000 | Coconino County, AZ Pollution Control Corp. (Nevada Power Co.), Pollution Control Refunding Revenue Bonds <br> (Series 2017A), 4.125%, Mandatory Tender 3/31/2026<br>| &nbsp;&nbsp; 2007149 |
| &nbsp;&nbsp; 2000000 | Maricopa County, AZ, IDA (Banner Health), Revenue Bonds (Series 2023A-1), 5.000%, Mandatory Tender 5/15/2026 | &nbsp;&nbsp; 2021648 |
| &nbsp;&nbsp; 2840000 | Phoenix, AZ IDA (Memorial Towers (TC2) Senior Housing LP), Multifamily Housing Revenue Bonds (Series 2024A), <br> 3.350%, 12/1/2027<br>| &nbsp;&nbsp; 2867740 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9448716 |
|  | **California—6.5%** |  |
| &nbsp;&nbsp; 10000000 | California Infrastructure & Economic Development Bank (Los Angeles County Museum of Art), Refunding Revenue Bonds <br> (Series 2021A), 1.200%, Mandatory Tender 6/1/2028<br>| &nbsp;&nbsp; 9273947 |
| &nbsp;&nbsp; 2000000 | California Municipal Finance Authority (Waste Management, Inc.), (Series 2020B), (Waste Management Holdings, Inc. GTD), <br> 3.850%, Mandatory Tender 6/1/2026<br>| &nbsp;&nbsp; 1999807 |
| &nbsp;&nbsp; 2000000 | California Municipal Finance Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2017A), <br> (Waste Management Holdings, Inc. GTD), 4.100%, Mandatory Tender 12/1/2025<br>| &nbsp;&nbsp; 2000891 |
| &nbsp;&nbsp; 4000000 | California PCFA (Republic Services, Inc.), (Series 2023), 3.800%, Mandatory Tender 2/17/2026 | &nbsp;&nbsp; 3997095 |
| &nbsp;&nbsp; 2000000 | California State, UT GO Various Purpose Refunding Bonds, 5.000%, 9/1/2027 | &nbsp;&nbsp; 2102831 |
| &nbsp;&nbsp; 2000000 | California State, UT GO Various Purpose Refunding Bonds, 5.000%, 9/1/2028 | &nbsp;&nbsp; 2151826 |
| &nbsp;&nbsp; 1575000 | Carlsbad, CA (Mariposa Apartments), Multifamily Housing Revenue Bonds (Series 2003A), (Federal National Mortgage <br> Association COL), 4.600%, 2/1/2036<br>| &nbsp;&nbsp; 1608881 |
| &nbsp;&nbsp; 260000 | Los Angeles, CA Department of Airports, Subordinate Refunding Revenue Bonds (Series 2025F), 5.000%, 5/15/2028 | &nbsp;&nbsp; 274852 |
| &nbsp;&nbsp; 1675000 | San Diego, CA Housing Authority (Rancho del Norte Apartments), Multifamily Housing Revenue Bonds (Series 2003C), <br> (Federal National Mortgage Association COL), 4.600%, 2/1/2036<br>| &nbsp;&nbsp; 1611526 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 25021656 |
|  | **Colorado—1.6%** |  |
| &nbsp;&nbsp; 4750000 | Colorado Health Facilities Authority (Advent Health System/Sunbelt Obligated Group), Hospital Revenue Bonds <br> (Series 2024), 5.000%, Mandatory Tender 11/15/2029<br>| &nbsp;&nbsp; 5161931 |
| &nbsp;&nbsp; 1000000 | Colorado Housing and Finance Authority (Fitz Affordable Owner, LLC), Multifamily Housing Revenue Bonds (Series 2024B), <br> 3.180%, Mandatory Tender 9/1/2027<br>| &nbsp;&nbsp; 1009126 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6171057 |
|  | **Connecticut—0.5%** |  |
| &nbsp;&nbsp; 1000000 | Connecticut State, UT GO Refunding Bonds (Series 2022D), 5.000%, 9/15/2026 | &nbsp;&nbsp; 1023234 |
| &nbsp;&nbsp; 1000000 | Connecticut State, UT GO Refunding Bonds (Series 2022D), 5.000%, 9/15/2027 | &nbsp;&nbsp; 1047206 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2070440 |
|  | **Florida—3.3%** |  |
| &nbsp;&nbsp; 1000000 | Alachua County, FL Health Facilities Authority (Oak Hammock at The University of Florida), Revenue Bonds TEMPS-70 <br> (Series 2025B-2), 3.750%, 10/1/2030<br>| &nbsp;&nbsp; 1002967 |

---

**1**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Florida—continued** |  |
| $735000 | Alachua County, FL Health Facilities Authority (Oak Hammock at The University of Florida), Revenue Bonds TEMPS-85 <br> (Series 2025B-1), 4.000%, 10/1/2030<br>| &nbsp;&nbsp; $737177 |
| &nbsp;&nbsp; 1500000 | Broward County, FL HFA (St. Joseph Manor II, LLLP), Multifamily Housing Revenue Bonds (Series 2023), (United States <br> Treasury COL), 3.500%, Mandatory Tender 4/1/2026<br>| &nbsp;&nbsp; 1500016 |
| &nbsp;&nbsp; 1500000 | Florida Development Finance Corp. (Tampa General Hospital), Healthcare Facilities Revenue Bonds (Series 2024B), 5.000%, <br> Mandatory Tender 10/1/2031<br>| &nbsp;&nbsp; 1637570 |
| &nbsp;&nbsp; 1000000 | Florida Development Finance Corp. (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2025A), <br> 3.400%, Mandatory Tender 9/1/2028<br>| &nbsp;&nbsp; 999631 |
| &nbsp;&nbsp; 2000000 | Florida Local Government Finance Commission (Ponte Vedra Pine Company LLC), Fleet Landing at Nocatee Senior Living <br> Revenue Bonds TEMPS-70 (Series 2025B-3), 4.200%, 11/15/2030<br>| &nbsp;&nbsp; 2013905 |
| &nbsp;&nbsp; 1000000 | Lee County, FL HFA (Amaryllis Park Place III, LLC), Multifamily Housing Revenue Bonds (Series 2025), 4.000%, Mandatory <br> Tender 11/1/2027<br>| &nbsp;&nbsp; 1009147 |
| &nbsp;&nbsp; 1000000 | Lee County, FL HFA (Crossings at Cape Coral Apartments), Multifamily Housing Revenue Bonds (Series 2023), (United States <br> Treasury GTD), 3.500%, Mandatory Tender 2/1/2026<br>| &nbsp;&nbsp; 1001464 |
| &nbsp;&nbsp; 815000 | Orlando, FL Utilities Commission, Utility System Revenue Bonds (Series 2023A), 5.000%, 10/1/2038 | &nbsp;&nbsp; 903583 |
| &nbsp;&nbsp; 300000 | Orlando, FL Utilities Commission, Utility System Revenue Bonds (Series 2023A), 5.000%, 10/1/2039 | &nbsp;&nbsp; 330057 |
| &nbsp;&nbsp; 1000000 | South Miami, FL Health Facilities Authority (Baptist Health System of South Florida), Revenue Bonds (Series 2025B), 5.000%, <br> Mandatory Tender 8/15/2030<br>| &nbsp;&nbsp; 1098963 |
| &nbsp;&nbsp; 365000 | Venice, FL (Village on the Isle), Village on The Isle Project TEMPS-70 Retirement Community Revenue Improvement Bonds <br> (Series 2024B-2), 4.500%, 1/1/2030<br>| &nbsp;&nbsp; 366158 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 12600638 |
|  | **Georgia—7.7%** |  |
| &nbsp;&nbsp; 2125000 | Atlanta, GA Urban Residential Finance Authority (Columbia MLK Senior Preservation, LP), Multifamily Housing Revenue <br> Bonds (Series 2025), (United States Treasury GTD), 2.900%, Mandatory Tender 3/1/2028<br>| &nbsp;&nbsp; 2122422 |
| &nbsp;&nbsp; 3000000 | Burke County, GA Development Authority (Georgia Power Co.), Vogtle Project PCRBs (First Series 2013), 3.375%, <br> Mandatory Tender 3/12/2027<br>| &nbsp;&nbsp; 3017614 |
| &nbsp;&nbsp; 5665000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2023C), (Royal Bank of Canada GTD), 5.000%, <br> Mandatory Tender 9/1/2030<br>| &nbsp;&nbsp; 6077265 |
| &nbsp;&nbsp; 2000000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2023D), (Citigroup, Inc. GTD), 5.000%, Mandatory <br> Tender 12/1/2030<br>| &nbsp;&nbsp; 2142636 |
| &nbsp;&nbsp; 5000000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2023E-1), (Royal Bank of Canada GTD), 5.000%, <br> Mandatory Tender 6/1/2031<br>| &nbsp;&nbsp; 5387566 |
| &nbsp;&nbsp; 2000000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2024B), (Royal Bank of Canada GTD), 5.000%, <br> Mandatory Tender 3/1/2032<br>| &nbsp;&nbsp; 2177752 |
| &nbsp;&nbsp; 1500000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2024C), (Citigroup, Inc. GTD), 5.000%, Mandatory <br> Tender 12/1/2031<br>| &nbsp;&nbsp; 1625344 |
| &nbsp;&nbsp; 2500000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2024D-1), (Toronto Dominion Bank GTD), 5.000%, <br> Mandatory Tender 4/1/2031<br>| &nbsp;&nbsp; 2706025 |
| &nbsp;&nbsp; 1500000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2025B), (Citigroup, Inc. GTD), 5.000%, Mandatory <br> Tender 12/1/2035<br>| &nbsp;&nbsp; 1628888 |
| &nbsp;&nbsp; 2750000 | Monroe County, GA Development Authority (Georgia Power Co.), Scherer Project PCRB (First Series 2012), 3.875%, <br> Mandatory Tender 3/6/2026<br>| &nbsp;&nbsp; 2760595 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 29646107 |
|  | **Illinois—3.5%** |  |
| &nbsp;&nbsp; 1500000 | Granite City, IL (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2002), 1.250%, 5/1/2027 | &nbsp;&nbsp; 1443852 |
| &nbsp;&nbsp; 2125000<br><sup>1</sup> <br>| Illinois Finance Authority (Presbyterian Homes Obligated Group, IL), Revenue Bonds (Series 2021B) FRNs, 3.590% (SIFMA <br> 7-day +0.700%), Mandatory Tender 5/1/2026<br>| &nbsp;&nbsp; 2114067 |
| &nbsp;&nbsp; 6500000 | Illinois State, UT GO Bonds (Series 2017D), 5.000%, 11/1/2026 | &nbsp;&nbsp; 6659598 |
| &nbsp;&nbsp; 2125000 | Illinois State, UT GO Bonds (Series 2017D), 5.000%, 11/1/2027 | &nbsp;&nbsp; 2222409 |
| &nbsp;&nbsp; 1000000 | Illinois State, UT GO Bonds (Series 2023D), 5.000%, 7/1/2028 | &nbsp;&nbsp; 1060870 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13500796 |
|  | **Indiana—0.7%** |  |
| &nbsp;&nbsp; 500000 | Indiana Finance Authority (Indiana University Health Obligated Group), Revenue Bonds (Series 2025D-1), 5.000%, Mandatory <br> Tender 10/1/2029<br>| &nbsp;&nbsp; 539297 |
| &nbsp;&nbsp; 1000000 | Indianapolis, IN Local Public Improvement Bond Bank (Indianapolis, IN Airport Authority), Revenue Bonds (Series 2025B-2), <br> 5.000%, 1/1/2029<br>| &nbsp;&nbsp; 1063655 |

---

**2**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Indiana—continued** |  |
| $1000000 | Rockport, IN (Indiana Michigan Power Co.), PCR Refunding Bonds (Series 2025A), 3.700%, Mandatory Tender 6/1/2029 | &nbsp;&nbsp; $1026338 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2629290 |
|  | **Iowa—0.5%** |  |
| &nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| Iowa Finance Authority (Lifespace Communities, Inc.), Revenue Bonds (Series 2021B) FRNs, 3.462% (SOFR x 0.70 +0.550%), <br> Mandatory Tender 5/15/2026<br>| &nbsp;&nbsp; 1957220 |
|  | **Kentucky—2.1%** |  |
| &nbsp;&nbsp; 2000000 | Kentucky Public Energy Authority, Gas Supply Revenue Bonds (Series 2024A-1), (Goldman Sachs Group, Inc. GTD), 5.000%, <br> Mandatory Tender 7/1/2030<br>| &nbsp;&nbsp; 2119761 |
| &nbsp;&nbsp; 1000000 | Kentucky Public Energy Authority, Gas Supply Revenue Refunding Bonds (Series 2025A), (Morgan Stanley GTD), 5.250%, <br> Mandatory Tender 12/1/2029<br>| &nbsp;&nbsp; 1072493 |
| &nbsp;&nbsp; 3000000 | Louisville & Jefferson County, KY Metropolitan Government (Louisville Gas & Electric Co.), PCRB (Series 2005A), 1.750%, <br> Mandatory Tender 7/1/2026<br>| &nbsp;&nbsp; 2958637 |
| &nbsp;&nbsp; 2250000 | Trimble County, KY (Louisville Gas & Electric Co.), PCR Refunding Bonds (Series 2016A), 1.300%, Mandatory <br> Tender 9/1/2027<br>| &nbsp;&nbsp; 2102854 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8253745 |
|  | **Louisiana—3.7%** |  |
| &nbsp;&nbsp; 1500000 | Louisiana State Housing Corporation (Atrium Ridge, LP), Multifamily Housing Revenue Bonds (Series 2024B), (United States <br> Treasury GTD), 3.750%, Mandatory Tender 2/1/2027<br>| &nbsp;&nbsp; 1517205 |
| &nbsp;&nbsp; 5420000 | Louisiana State Offshore Terminal Authority (Loop LLC), Deepwater Port Revenue Bonds (Series 2007A), 4.150%, 9/1/2027 | &nbsp;&nbsp; 5491210 |
| &nbsp;&nbsp; 500000 | St. James Parish, LA (NuStar Logistics LP), Revenue Bonds (Series 2011), 3.700%, Mandatory Tender 6/1/2030 | &nbsp;&nbsp; 501261 |
| &nbsp;&nbsp; 7000000 | St. John the Baptist Parish, LA (Marathon Oil Corp.), Revenue Refunding Bonds (Series 2017B-2), 2.375%, Mandatory <br> Tender 7/1/2026<br>| &nbsp;&nbsp; 6974505 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14484181 |
|  | **Massachusetts—1.2%** |  |
| &nbsp;&nbsp; 3000000<br><sup>1</sup> <br>| Massachusetts Development Finance Agency (Mass General Brigham), Revenue Bonds (Series 2019T-1) FRNs, 3.490% <br> (SIFMA 7-day +0.600%), Mandatory Tender 1/29/2026<br>| &nbsp;&nbsp; 2999794 |
| &nbsp;&nbsp; 1750000 | Massachusetts Development Finance Agency (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2002), <br> 1.250%, 5/1/2027<br>| &nbsp;&nbsp; 1684494 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4684288 |
|  | **Michigan—1.9%** |  |
| &nbsp;&nbsp; 3500000 | Lansing, MI Board of Water & Light, Utility System Revenue Bonds (Series 2021B), 2.000%, Mandatory Tender 7/1/2026 | &nbsp;&nbsp; 3457134 |
| &nbsp;&nbsp; 2000000 | Michigan State Finance Authority (McLaren Health Care Corp.), Hospital Revenue Refunding Bonds (Series 2015D-2), <br> 1.200%, Mandatory Tender 4/13/2028<br>| &nbsp;&nbsp; 1899880 |
| &nbsp;&nbsp; 1800000 | Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Senior Current Interest Bonds <br> (Series 2020A Class 1), 5.000%, 6/1/2032<br>| &nbsp;&nbsp; 1919812 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7276826 |
|  | **Missouri—0.2%** |  |
| &nbsp;&nbsp; 750000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016B), 5.000%, 2/1/2026 | &nbsp;&nbsp; 753085 |
|  | **Nebraska—0.7%** |  |
| &nbsp;&nbsp; 2500000 | Nebraska Public Power District, General Revenue Bonds (Series 2023A), 5.000%, 7/1/2028 | &nbsp;&nbsp; 2637462 |
|  | **Nevada—0.5%** |  |
| &nbsp;&nbsp; 2000000 | Washoe County, NV (Sierra Pacific Power Co.), Gas and Water Facilities Refunding Revenue Bonds (Series 2016B), 3.625%, <br> Mandatory Tender 10/1/2029<br>| &nbsp;&nbsp; 2020869 |
|  | **New Hampshire—0.4%** |  |
| &nbsp;&nbsp; 265000 | National Finance Authority, NH (Springpoint Senior Living), Senior Living Revenue Refunding Bonds (Series 2021), <br> 4.000%, 1/1/2026<br>| &nbsp;&nbsp; 265008 |
| &nbsp;&nbsp; 250000 | National Finance Authority, NH (Springpoint Senior Living), Senior Living Revenue Refunding Bonds (Series 2021), <br> 4.000%, 1/1/2027<br>| &nbsp;&nbsp; 250663 |
| &nbsp;&nbsp; 285000 | National Finance Authority, NH (Springpoint Senior Living), Senior Living Revenue Refunding Bonds (Series 2021), <br> 4.000%, 1/1/2028<br>| &nbsp;&nbsp; 286554 |
| &nbsp;&nbsp; 300000 | National Finance Authority, NH (Springpoint Senior Living), Senior Living Revenue Refunding Bonds (Series 2021), <br> 4.000%, 1/1/2029<br>| &nbsp;&nbsp; 301973 |
| &nbsp;&nbsp; 280000 | National Finance Authority, NH (Springpoint Senior Living), Senior Living Revenue Refunding Bonds (Series 2021), <br> 4.000%, 1/1/2030<br>| &nbsp;&nbsp; 281611 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1385809 |

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**3**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **New Jersey—3.0%** |  |
| $1500000 | New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds (Series 2023RRR), 5.000%, 3/1/2026 | &nbsp;&nbsp; $1514035 |
| &nbsp;&nbsp; 1615000 | New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds (Series 2023RRR), 5.000%, 3/1/2028 | &nbsp;&nbsp; 1709209 |
| &nbsp;&nbsp; 4075000 | New Jersey EDA (New Jersey-American Water Co., Inc.), Water Facilities Refunding Revenue Bonds (Series 2020D), 1.100%, <br> Mandatory Tender 12/1/2027<br>| &nbsp;&nbsp; 3819003 |
| &nbsp;&nbsp; 600000 | New Jersey State Educational Facilities Authority (New Jersey State), Higher Education Capital Improvement Fund <br> (Series 2023A), 5.000%, 9/1/2035<br>| &nbsp;&nbsp; 667282 |
| &nbsp;&nbsp; 500000 | New Jersey State Educational Facilities Authority (New Jersey State), Higher Education Capital Improvement Fund <br> (Series 2023A), 5.000%, 9/1/2036<br>| &nbsp;&nbsp; 550741 |
| &nbsp;&nbsp; 160000 | New Jersey State Educational Facilities Authority (New Jersey State), Higher Education Capital Improvement Fund <br> (Series 2023A), 5.000%, 9/1/2037<br>| &nbsp;&nbsp; 174670 |
| &nbsp;&nbsp; 500000 | New Jersey State Educational Facilities Authority (New Jersey State), Higher Education Capital Improvement Fund <br> (Series 2023A), 5.000%, 9/1/2038<br>| &nbsp;&nbsp; 541126 |
| &nbsp;&nbsp; 500000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2023AA), <br> 5.000%, 6/15/2026<br>| &nbsp;&nbsp; 508123 |
| &nbsp;&nbsp; 1000000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2023AA), <br> 5.000%, 6/15/2038<br>| &nbsp;&nbsp; 1085416 |
| &nbsp;&nbsp; 1000000 | New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2017A), 5.000%, 1/1/2027 | &nbsp;&nbsp; 1030165 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11599770 |
|  | **New Mexico—1.0%** |  |
| &nbsp;&nbsp; 4000000 | Farmington, NM (Public Service Co., NM), PCR Refunding Bonds San Juan Project (Series 2010E), 3.875%, Mandatory <br> Tender 6/1/2029<br>| &nbsp;&nbsp; 4065844 |
|  | **New York—3.5%** |  |
| &nbsp;&nbsp; 1500000 | Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2025B), 3.000%, Mandatory <br> Tender 9/1/2028<br>| &nbsp;&nbsp; 1492256 |
| &nbsp;&nbsp; 780000<br><sup>1</sup> <br>| Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Transportation Revenue Variable Rate Refunding <br> Bonds (Series 2002G-1F) FRNs, 3.217% (SOFR x 0.67 +0.430%), 11/1/2026<br>| &nbsp;&nbsp; 779726 |
| &nbsp;&nbsp; 3000000 | Monroe County, NY IDA (Andrews Terrace Community Partners, LP), Multifamily Housing Revenue Bonds (Series 2023B-1), <br> (United States Treasury GTD), 5.000%, Mandatory Tender 7/1/2027<br>| &nbsp;&nbsp; 3109013 |
| &nbsp;&nbsp; 2000000 | Monroe County, NY IDA (Andrews Terrace Community Partners, LP), Multifamily Housing Revenue Bonds (Series 2023B-2), <br> (United States Treasury GTD), 5.000%, Mandatory Tender 7/1/2027<br>| &nbsp;&nbsp; 2072676 |
| &nbsp;&nbsp; 2500000 | New York City Housing Development Corp., Multifamily Housing Revenue Bonds (Series 2024B-2), 3.700%, Mandatory <br> Tender 7/3/2028<br>| &nbsp;&nbsp; 2541007 |
| &nbsp;&nbsp; 1000000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2024A-1), 5.000%, 5/1/2037 | &nbsp;&nbsp; 1100173 |
| &nbsp;&nbsp; 1000000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2026A), 5.000%, 5/1/2038 | &nbsp;&nbsp; 1121117 |
| &nbsp;&nbsp; 750000 | New York State Environmental Facilities Corp. (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds <br> (Series 2025), 4.250%, Mandatory Tender 9/3/2030<br>| &nbsp;&nbsp; 756922 |
| &nbsp;&nbsp; 580000 | New York Transportation Development Corporation (American Airlines, Inc.), Special Facilities Revenue Refunding Bonds <br> (Series 2021), 2.250%, 8/1/2026<br>| &nbsp;&nbsp; 574662 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13547552 |
|  | **North Carolina—1.0%** |  |
| &nbsp;&nbsp; 165000 | North Carolina HFA, Revenue Bonds (Series 2017 38-B), 4.000%, 7/1/2047 | &nbsp;&nbsp; 165443 |
| &nbsp;&nbsp; 525000 | North Carolina Medical Care Commission (United Methodist Retirement Homes), Retirement Community Revenue Bonds <br> TEMPS-50 (Series 2024B-2), 3.750%, 10/1/2028<br>| &nbsp;&nbsp; 525128 |
| &nbsp;&nbsp; 300000 | North Carolina Medical Care Commission (United Methodist Retirement Homes), Retirement Community Revenue Bonds <br> TEMPS-85 (Series 2024B-1), 4.250%, 10/1/2028<br>| &nbsp;&nbsp; 300094 |
| &nbsp;&nbsp; 250000 | North Carolina Medical Care Commission (United Methodist Retirement Homes), Retirement Facilities First Mortgage <br> Revenue Bonds (Series 2024), 5.000%, 10/1/2039<br>| &nbsp;&nbsp; 257680 |
| &nbsp;&nbsp; 1750000 | North Carolina State Turnpike Authority, Triangle Expressway System Senior Lien Turnpike Revenue Refunding Bonds <br> (Series 2018), 5.000%, 1/1/2027<br>| &nbsp;&nbsp; 1794692 |
| &nbsp;&nbsp; 1000000 | North Carolina State Turnpike Authority, Triangle Expressway System Senior Lien Turnpike Revenue Refunding Bonds <br> (Series 2018), 5.000%, 1/1/2028<br>| &nbsp;&nbsp; 1046227 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4089264 |
|  | **Ohio—3.7%** |  |
| &nbsp;&nbsp; 2000000 | Columbus-Franklin County, OH Finance Authority (Dering Family Homes Owner, LLC), Multifamily Housing Revenue Bonds <br> (Series 2023), (United States Treasury GTD), 5.000%, Mandatory Tender 2/1/2027<br>| &nbsp;&nbsp; 2037039 |
| &nbsp;&nbsp; 1500000 | Cuyahoga, OH Metropolitan Housing Authority (Woodhill Station East, LLC), Multifamily Housing Revenue Bonds <br> (Series 2024), (United States Treasury GTD), 3.450%, Mandatory Tender 2/1/2027<br>| &nbsp;&nbsp; 1511363 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Ohio—continued** |  |
| $3000000 | Lancaster, OH Port Authority, Gas Supply Revenue Refunding Bonds (Series 2024A), (Royal Bank of Canada GTD), 5.000%, <br> Mandatory Tender 8/1/2030<br>| &nbsp;&nbsp; $3222145 |
| &nbsp;&nbsp; 1500000 | Ohio Air Quality Development Authority (American Electric Power Co., Inc.), Air Quality Revenue Refunding Bonds <br> (Series 2014A), 2.400%, Mandatory Tender 10/1/2029<br>| &nbsp;&nbsp; 1429422 |
| &nbsp;&nbsp; 1000000 | Ohio HFA (Beechwood RAD, LLC), Multifamily Housing Revenue Bonds (Series 2025), (United States Treasury GTD), 3.370%, <br> Mandatory Tender 3/1/2027<br>| &nbsp;&nbsp; 1006536 |
| &nbsp;&nbsp; 1000000 | Ohio HFA (Cedar Redevelopment Phase IV LLC), Multifamily Housing Revenue Bonds (Series 2024), (United States Treasury <br> GTD), 3.600%, Mandatory Tender 6/1/2027<br>| &nbsp;&nbsp; 997946 |
| &nbsp;&nbsp; 1600000 | Ohio HFA (Springboro Sherman, LP), Multifamily Housing Revenue Bonds (Series 2024), (United States Treasury GTD), <br> 3.530%, Mandatory Tender 2/1/2027<br>| &nbsp;&nbsp; 1613782 |
| &nbsp;&nbsp; 2500000 | Ohio State Hospital Revenue (Cleveland Clinic), Hospital Revenue Bonds (Series 2019C), 2.750%, Mandatory <br> Tender 5/1/2028<br>| &nbsp;&nbsp; 2488515 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14306748 |
|  | **Oklahoma—1.8%** |  |
| &nbsp;&nbsp; 1000000 | Oklahoma County, OK Finance Authority (Choctaw-Nicoma Park Public Schools), Educational Facilities Lease Revenue Bonds <br> (Series 2023), 5.000%, 9/1/2026<br>| &nbsp;&nbsp; 1018914 |
| &nbsp;&nbsp; 1300000 | Oklahoma County, OK Finance Authority (Choctaw-Nicoma Park Public Schools), Educational Facilities Lease Revenue Bonds <br> (Series 2023), 5.000%, 9/1/2028<br>| &nbsp;&nbsp; 1379184 |
| &nbsp;&nbsp; 1625000 | Oklahoma County, OK Finance Authority (Choctaw-Nicoma Park Public Schools), Educational Facilities Lease Revenue Bonds <br> (Series 2023), 5.000%, 9/1/2030<br>| &nbsp;&nbsp; 1783479 |
| &nbsp;&nbsp; 625000 | Oklahoma HFA (Crimson Flats West LP), Revenue Bonds (Series 2025), (United States Treasury GTD), 3.625%, Mandatory <br> Tender 5/1/2027<br>| &nbsp;&nbsp; 630960 |
| &nbsp;&nbsp; 2000000 | Oklahoma HFA (Lakeshore Pointe, LLC), Collateralized Revenue Bonds (Series 2024), (United States Treasury GTD), 3.350%, <br> Mandatory Tender 12/1/2026<br>| &nbsp;&nbsp; 2010629 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6823166 |
|  | **Pennsylvania—3.9%** |  |
| &nbsp;&nbsp; 2100000<br><sup>1</sup> <br>| Bethlehem, PA Area School District Authority, School Revenue Bonds (Series 2021C) FRNs, 3.137% (SOFR x 0.67 +0.350%), <br> Mandatory Tender 11/1/2025<br>| &nbsp;&nbsp; 2099223 |
| &nbsp;&nbsp; 3375000 | Montgomery County, PA IDA (Constellation Energy Generation LLC), Revenue Refunding Bonds (Series 2023A), 4.100%, <br> Mandatory Tender 4/3/2028<br>| &nbsp;&nbsp; 3476248 |
| &nbsp;&nbsp; 1000000 | Pennsylvania Economic Development Financing Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds <br> (Series 2019A), 3.875%, Mandatory Tender 8/3/2026<br>| &nbsp;&nbsp; 1000016 |
| &nbsp;&nbsp; 2000000 | Pennsylvania Economic Development Financing Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds <br> (Series 2021A), 4.000%, Mandatory Tender 7/1/2026<br>| &nbsp;&nbsp; 2000457 |
| &nbsp;&nbsp; 1000000 | Pennsylvania State Economic Development Financing Authority (UPMC Health System), Revenue Bonds (Series 2023A-1), <br> 5.000%, 5/15/2031<br>| &nbsp;&nbsp; 1103350 |
| &nbsp;&nbsp; 1500000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Third Series 2025-2), 5.000%, Mandatory <br> Tender 12/1/2032<br>| &nbsp;&nbsp; 1691132 |
| &nbsp;&nbsp; 1750000 | Philadelphia, PA (Philadelphia, PA Division of Aviation), Airport Revenue and Refunding Bonds (Series 2025B), <br> 5.000%, 7/1/2031<br>| &nbsp;&nbsp; 1929001 |
| &nbsp;&nbsp; 1800000 | Pittsburgh, PA Water & Sewer Authority, Water and Sewer System First Lien Revenue Bonds (Series 2023B), (Assured <br> Guaranty, Inc. INS), 5.000%, 9/1/2038<br>| &nbsp;&nbsp; 1964027 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 15263454 |
|  | **South Carolina—0.3%** |  |
| &nbsp;&nbsp; 1000000 | South Carolina State Public Service Authority (Santee Cooper), Revenue and Refunding Bonds (Series 2025B), <br> 5.000%, 12/1/2028<br>| &nbsp;&nbsp; 1075918 |
|  | **Tennessee—4.2%** |  |
| &nbsp;&nbsp; 1630000 | Chattanooga, TN Health, Educational & Housing Facility Board (Espero Chattanooga LP), Multifamily Housing Bonds <br> (Series 2023), (United States Treasury GTD), 3.000%, Mandatory Tender 11/1/2027<br>| &nbsp;&nbsp; 1632965 |
| &nbsp;&nbsp; 2000000 | Chattanooga, TN Health, Educational & Housing Facility Board (One Westside Phase 1B, LP), Multifamily Housing Revenue <br> Bonds (Series 2024), (United States Treasury GTD), 3.600%, Mandatory Tender 6/1/2028<br>| &nbsp;&nbsp; 2027598 |
| &nbsp;&nbsp; 3000000 | Dickson, TN Health and Educational Facilities Board (BTT Development IV, LP and Housing Associates, LP), Multifamily <br> Housing Bonds (Series 2024), (United States Treasury GTD), 3.000%, Mandatory Tender 4/1/2027<br>| &nbsp;&nbsp; 3007507 |
| &nbsp;&nbsp; 3000000 | Knox County, TN Health Education & Housing Facilities Board (Pines III, LP), Multifamily Housing Bonds (Series 2024), <br> (United States Treasury GTD), 3.100%, Mandatory Tender 9/1/2027<br>| &nbsp;&nbsp; 3011200 |
| &nbsp;&nbsp; 1000000 | Metropolitan Nashville, TN Airport Authority, Subordinate Airport Revenue Bonds (Series 2019B), 5.000%, 7/1/2028 | &nbsp;&nbsp; 1054879 |
| &nbsp;&nbsp; 5500000 | Tennergy Corp., TN Gas Revenue, Gas Supply Revenue Bonds (Series 2021A), (Morgan Stanley GTD), 4.000%, Mandatory <br> Tender 9/1/2028<br>| &nbsp;&nbsp; 5635280 |

---

**5**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Tennessee—continued** |  |
| $5000 | Tennessee Housing Development Agency, Revenue Refunding Bonds (Issue 2014-2C), 4.000%, 1/1/2045 | &nbsp;&nbsp; $5000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16374429 |
|  | **Texas—15.5%** |  |
| &nbsp;&nbsp; 1500000 | Boerne, TX ISD, UT GO School Building Bonds (Series 2024), (Texas Permanent School Fund Guarantee Program GTD), <br> 4.000%, Mandatory Tender 2/1/2028<br>| &nbsp;&nbsp; 1540704 |
| &nbsp;&nbsp; 5270000 | Dallas-Fort Worth, TX International Airport, Joint Revenue Refunding Bonds (Series 2020A), 5.000%, 11/1/2026 | &nbsp;&nbsp; 5405982 |
| &nbsp;&nbsp; 1500000 | Dallas-Fort Worth, TX International Airport, Joint Revenue Refunding Bonds (Series 2025A-2), 5.000%, Mandatory <br> Tender 11/1/2029<br>| &nbsp;&nbsp; 1588633 |
| &nbsp;&nbsp; 1500000 | Dallas-Fort Worth, TX International Airport, Joint Revenue Refunding Bonds (Series 2025A-2), 5.000%, Mandatory <br> Tender 11/1/2032<br>| &nbsp;&nbsp; 1620887 |
| &nbsp;&nbsp; 2000000 | Denton, TX ISD, UT GO School Building Bonds (Series 2025B), (Texas Permanent School Fund Guarantee Program GTD), <br> 4.000%, Mandatory Tender 8/15/2030<br>| &nbsp;&nbsp; 2131907 |
| &nbsp;&nbsp; 2000000 | Ector County, TX ISD, UT GO School Building Bonds (Series 2024B), (Texas Permanent School Fund Guarantee Program <br> GTD), 4.000%, Mandatory Tender 8/15/2027<br>| &nbsp;&nbsp; 2047817 |
| &nbsp;&nbsp; 1500000 | Fort Bend, TX ISD, UT GO Refunding Bonds (Series 2025B), (Texas Permanent School Fund Guarantee Program GTD), <br> 3.800%, Mandatory Tender 8/1/2028<br>| &nbsp;&nbsp; 1538403 |
| &nbsp;&nbsp; 4000000 | Fort Bend, TX ISD, UT GO School Building and Refunding Bonds (Series 2024B), (Texas Permanent School Fund Guarantee <br> Program GTD), 4.000%, Mandatory Tender 8/1/2027<br>| &nbsp;&nbsp; 4093391 |
| &nbsp;&nbsp; 2500000 | Grand Parkway, Tx. Transportation Corp., Subordinate Tier Toll Revenue Bonds (Series 2023 TELA Supported), 5.000%, <br> Mandatory Tender 4/1/2028<br>| &nbsp;&nbsp; 2617581 |
| &nbsp;&nbsp; 1250000 | Gulf Coast, TX Waste Disposal Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2003B), <br> 1.500%, 5/1/2028<br>| &nbsp;&nbsp; 1183816 |
| &nbsp;&nbsp; 2500000 | Harris County, TX Cultural Education Facilities Finance Corp. (Baylor College of Medicine), Medical Facilities Mortgage <br> Revenue Bonds (Series 2024A), 5.000%, 5/15/2029<br>| &nbsp;&nbsp; 2667438 |
| &nbsp;&nbsp; 2000000 | Harris County, TX Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Revenue Bonds <br> (Series 2024C), 5.000%, Mandatory Tender 7/1/2029<br>| &nbsp;&nbsp; 2141220 |
| &nbsp;&nbsp; 1600000 | Housing Options, Inc. (Dallas, TX Housing Authority) (The Culbreath, LP), Multifamily Housing Revenue Bonds (Series 2025), <br> (United States Treasury GTD), 3.750%, Mandatory Tender 11/1/2028<br>| &nbsp;&nbsp; 1627565 |
| &nbsp;&nbsp; 2000000 | Houston, TX Airport System, Subordinate Lien Revenue Refunding Bonds (Series 2025A), 5.000%, 7/1/2032 | &nbsp;&nbsp; 2208186 |
| &nbsp;&nbsp; 1000000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds <br> (Series 2019), 5.000%, 5/15/2028<br>| &nbsp;&nbsp; 1061498 |
| &nbsp;&nbsp; 1500000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds <br> (Series 2023A), (Assured Guaranty, Inc. INS), 5.000%, 5/15/2038<br>| &nbsp;&nbsp; 1625082 |
| &nbsp;&nbsp; 3000000 | Matagorda County, TX Navigation District No. 1 (AEP Texas, Inc.), PCR Refunding Bonds (Central Power and Light Company <br> Project) (Series 1996), 4.250%, 5/1/2030<br>| &nbsp;&nbsp; 3131334 |
| &nbsp;&nbsp; 2300000 | Matagorda County, TX Navigation District No. 1 (AEP Texas, Inc.), PCR Refunding Bonds (Series 2001A), 2.600%, 11/1/2029 | &nbsp;&nbsp; 2232643 |
| &nbsp;&nbsp; 1500000 | Mesquite, TX Housing Finance Corp. (Palladium Bruton Road, Ltd.), Multifamily Housing Revenue Bonds (Series 2024), <br> (United States Treasury GTD), 3.350%, Mandatory Tender 8/1/2027<br>| &nbsp;&nbsp; 1506705 |
| &nbsp;&nbsp; 1915000 | North East, TX ISD, UT GO Refunding Bonds (Series 2024), (Texas Permanent School Fund Guarantee Program GTD), <br> 3.750%, Mandatory Tender 8/1/2027<br>| &nbsp;&nbsp; 1945764 |
| &nbsp;&nbsp; 500000 | North Texas Municipal Water District Water System, Water System Revenue Refunding and Improvement Bonds <br> (Series 2025), 5.000%, 9/1/2034<br>| &nbsp;&nbsp; 575620 |
| &nbsp;&nbsp; 2500000 | North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2023A), 5.000%, 1/1/2026 | &nbsp;&nbsp; 2514533 |
| &nbsp;&nbsp; 3500000 | North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2023A), 5.000%, 1/1/2027 | &nbsp;&nbsp; 3609433 |
| &nbsp;&nbsp; 2000000 | Northside, TX ISD, UT GO School Building Bonds (Series 2020), (Texas Permanent School Fund Guarantee Program GTD), <br> 3.550%, Mandatory Tender 6/1/2028<br>| &nbsp;&nbsp; 2027827 |
| &nbsp;&nbsp; 750000 | San Antonio, TX ISD, UT GO School Building and Refunding Bonds (Series 2025), 5.000%, 8/15/2038 | &nbsp;&nbsp; 834498 |
| &nbsp;&nbsp; 750000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Texas Health Resources System), Revenue Bonds <br> (Series 2025C), 5.000%, Mandatory Tender 11/15/2032<br>| &nbsp;&nbsp; 834416 |
| &nbsp;&nbsp; 3000000 | Texas State Department of Housing & Community Affairs (Palladium Old FM 471 W, Ltd.), Multifamily Housing Revenue <br> Bonds (Series 2024), 3.050%, Mandatory Tender 9/1/2027<br>| &nbsp;&nbsp; 3014554 |
| &nbsp;&nbsp; 2500000 | Texas State Transportation Commission (Central Texas Turnpike System), First Tier Revenue Refunding Bonds (Series 2024B), <br> 5.000%, Mandatory Tender 8/15/2030<br>| &nbsp;&nbsp; 2699108 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 60026545 |
|  | **Utah—1.2%** |  |
| &nbsp;&nbsp; 1000000 | Intermountain Power Agency, Power Supply Revenue Bonds (Series 2023A), 5.000%, 7/1/2038 | &nbsp;&nbsp; 1076976 |
| &nbsp;&nbsp; 1500000 | Salt Lake City, UT Department of Airports, Airport Revenue Bonds (Series 2025A), 5.000%, 7/1/2038 | &nbsp;&nbsp; 1612785 |

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**6**

------

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Utah—continued** |  |
| $1800000 | Utah State Housing Corporation (Silos Affordable, LLC), Multifamily Housing Revenue Bonds (Series 2024), (United States <br> Treasury GTD), 3.700%, Mandatory Tender 8/1/2027<br>| &nbsp;&nbsp; $1812480 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4502241 |
|  | **Vermont—0.3%** |  |
| &nbsp;&nbsp; 1000000<br><sup>2</sup> <br>| Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series 2022a-2), 4.375%, Mandatory <br> Tender 6/1/2032<br>| &nbsp;&nbsp; 995570 |
|  | **Virginia—3.4%** |  |
| &nbsp;&nbsp; 2650000 | Amelia County, VA IDA (Waste Management, Inc.), Tax-Exempt Adjustable Mode Solid Waste Disposal Revenue Bonds <br> (Series 2002), 1.450%, 4/1/2027<br>| &nbsp;&nbsp; 2563417 |
| &nbsp;&nbsp; 1000000 | Charles City County, VA IDA (Waste Management, Inc.), Tax-Exempt Adjustable Mode Solid Waste Disposal Revenue Bonds <br> (Series 2002), 1.450%, 4/1/2027<br>| &nbsp;&nbsp; 967327 |
| &nbsp;&nbsp; 4000000 | Chesapeake, VA Redevelopment and Housing Authority (Standard Hunter's Point I Venture LP), Multifamily Housing Revenue <br> Bonds (Series 2023), (United States Treasury COL), 5.000%, Mandatory Tender 5/1/2026<br>| &nbsp;&nbsp; 4046574 |
| &nbsp;&nbsp; 500000 | Louisa, VA IDA (Virginia Electric & Power Co.), Pollution Control Refunding Revenue Bonds (Series 2008B), 3.125%, <br> Mandatory Tender 10/1/2030<br>| &nbsp;&nbsp; 504543 |
| &nbsp;&nbsp; 2000000 | Virginia Beach, VA Development Authority (Westminster-Canterbury on Chesapeake Bay), Residential Care Facility Revenue <br> Bonds TEMPS-70 (Series 2023B-2), 5.750%, 9/1/2030<br>| &nbsp;&nbsp; 2019965 |
| &nbsp;&nbsp; 3000000 | Wise County, VA IDA (Virginia Electric & Power Co.), Solid Waste and Sewage Disposal Revenue Bonds (Series 2010A), <br> 3.800%, Mandatory Tender 5/28/2027<br>| &nbsp;&nbsp; 3043995 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13145821 |
|  | **Washington—2.2%** |  |
| &nbsp;&nbsp; 2000000 | King County, WA Housing Authority (New Kirkland Heights LLLP), Affordable Housing Revenue Bonds Kirkland Heights <br> Project (Series 2023A-2), 5.000%, 1/1/2028<br>| &nbsp;&nbsp; 2049531 |
| &nbsp;&nbsp; 4000000 | Port of Seattle, WA Revenue, Intermediate Lein Revenue Bonds (Series 2025B), 5.000%, 10/1/2032 | &nbsp;&nbsp; 4448582 |
| &nbsp;&nbsp; 1000000 | Washington State, UT GO Motor Vehicle Fuel and Vehicle Related Fees Refunding Bonds (Series 2023B), 5.000%, 7/1/2027 | &nbsp;&nbsp; 1044245 |
| &nbsp;&nbsp; 1000000 | Washington State, UT GO Refunding Bonds (Series 2023A), 5.000%, 8/1/2026 | &nbsp;&nbsp; 1020395 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8562753 |
|  | **West Virginia—0.9%** |  |
| &nbsp;&nbsp; 800000 | West Virginia EDA (Appalachian Power Co.), Solid Waste Disposal Facilities Revenue Bonds (Series 2009A), 3.700%, <br> Mandatory Tender 6/1/2028<br>| &nbsp;&nbsp; 819440 |
| &nbsp;&nbsp; 2000000 | West Virginia EDA (Appalachian Power Co.), Solid Waste Disposal Facilities Revenue Bonds (Series 2011A), 3.300%, <br> Mandatory Tender 9/1/2028<br>| &nbsp;&nbsp; 2014336 |
| &nbsp;&nbsp; 500000 | West Virginia EDA (Commercial Metals Corp.), Solid Waste Disposal Facilities Revenue Bonds (Series 2025), 4.625%, <br> Mandatory Tender 5/15/2032<br>| &nbsp;&nbsp; 505397 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3339173 |
|  | **Wisconsin—2.2%** |  |
| &nbsp;&nbsp; 2500000 | Public Finance Authority (Duke Energy Progress LLC), PCR Refunding Bonds (Series 2022A-1), 3.300%, Mandatory <br> Tender 10/1/2026<br>| &nbsp;&nbsp; 2506929 |
| &nbsp;&nbsp; 3500000 | Wisconsin Health & Educational Facilities Authority (Advocate Aurora Health), Revenue Bonds (Series 2018B-2), 5.000%, <br> Mandatory Tender 6/24/2026<br>| &nbsp;&nbsp; 3554352 |
| &nbsp;&nbsp; 2500000<br><sup>2</sup> <br>| Wisconsin Health & Educational Facilities Authority (Forensic Science and Protective Medicine Collaboration, Inc.), Revenue <br> Bonds (Series 2024), 5.000%, 8/1/2027<br>| &nbsp;&nbsp; 2533636 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8594917 |
|  | **Wyoming—0.8%** |  |
| &nbsp;&nbsp; 3000000 | Sweetwater County, WY PCRB (Idaho Power Co.), PCR Refunding Bonds (Series 2006), 1.700%, 7/15/2026 | &nbsp;&nbsp; 2954950 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MUNICIPAL BONDS <br>(IDENTIFIED COST $357,790,567)<br>| &nbsp;&nbsp; 360061440 |
| <sup>1</sup> <br>| SHORT-TERM MUNICIPALS—7.2% |  |
|  | **California—3.1%** |  |
| &nbsp;&nbsp; 900000 | Los Angeles, CA Community Redevelopment Agency (DWF V Hollywood & Vine, LP), Mizuho 3a-7 (Series 2022-MIZ9089) <br> Daily VRDNs, (Federal Home Loan Mortgage Corp. GTD)/(Mizuho Bank Ltd. LIQ), 4.300%, 10/1/2025<br>| &nbsp;&nbsp; 900000 |
| &nbsp;&nbsp; 11200000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series A) MuniFund Preferred Shares Weekly VRDPs, <br> 3.340%, 10/1/2025<br>| &nbsp;&nbsp; 11200000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 12100000 |
|  | **Georgia—0.8%** |  |
| &nbsp;&nbsp; 3000000 | Appling County, GA Development Authority (Oglethorpe Power Corp.), (Series 2013A) Weekly VRDNs, 3.380%, 10/1/2025 | &nbsp;&nbsp; 3000000 |

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**7**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| <sup>1</sup> <br>| SHORT-TERM MUNICIPALS—continued |  |
|  | **Kentucky—0.3%** |  |
| $1000000 | Meade County, KY Industrial Building Revenue Authority (Nucor Corp.), (Series 2020B-1) Daily VRDNs, 4.050%, 10/1/2025 | &nbsp;&nbsp; $1000000 |
|  | **Multi State—2.7%** |  |
| &nbsp;&nbsp; 9200000 | Invesco Municipal Opportunity Trust, PUTTERs 3a-7 (VMTP 5029) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), <br> 4.170%, 10/1/2025<br>| &nbsp;&nbsp; 9200000 |
| &nbsp;&nbsp; 900000 | Invesco Value Municipal Income Trust, PUTTERs 3a-7 (VMTP 5027) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), <br> 4.170%, 10/1/2025<br>| &nbsp;&nbsp; 900000 |
| &nbsp;&nbsp; 400000 | PIMCO Flexible Municipal Income Fund, PUTTERs 3a-7 (Series 5046) MuniFund Term Preferred Shares Daily VRDNs, <br> (JPMorgan Chase Bank, N.A. LIQ), 4.170%, 10/1/2025<br>| &nbsp;&nbsp; 400000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10500000 |
|  | **New York—0.2%** |  |
| &nbsp;&nbsp; 700000 | Triborough Bridge & Tunnel Authority, NY (Central Business District Tolling Program), MS 3a-7 (Series 2025-MS0041) Weekly <br> VRDNs, (Morgan Stanley GTD)/(Morgan Stanley LIQ), 3.290%, 10/2/2025<br>| &nbsp;&nbsp; 700000 |
|  | **Ohio—0.1%** |  |
| &nbsp;&nbsp; 500000 | Ohio State Hospital Revenue (University Hospitals Health System, Inc.), (Series B) VRENs, 3.150%, 10/1/2025 | &nbsp;&nbsp; 500000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM MUNICIPALS <br>(IDENTIFIED COST $27,800,000)<br>| &nbsp;&nbsp;&nbsp; 27800000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100.3% <br>(IDENTIFIED COST $385,590,567)<br>| &nbsp;&nbsp; 387861440 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(0.3%)<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1061690) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $386799750 |

---

Securities that are subject to the federal alternative minimum tax (AMT) represent 17.8% of the Fund's portfolio as calculated based upon total market value.

---

| | |
|:---|:---|
| 1 | *Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are* <br> *not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do* <br> *not indicate a reference rate and spread in their description above.*<br>|
| 2 | *Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under* <br> *the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At September 30, 2025, these restricted securities amounted to $3,529,206,* <br> *which represented 0.9% of net assets.*<br>|

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series 2022a-2), 4.375%, <br> Mandatory Tender 6/1/2032<br>| &nbsp;&nbsp; 3/7/2025 | &nbsp;&nbsp; $1000000 | &nbsp;&nbsp; $995570 |
| Wisconsin Health & Educational Facilities Authority (Forensic Science and Protective Medicine Collaboration, Inc.), <br> Revenue Bonds (Series 2024), 5.000%, 8/1/2027<br>| &nbsp;&nbsp; 2/22/2024 | &nbsp;&nbsp; $2520497 | &nbsp;&nbsp; $2533636 |

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

3 *Assets, other than investments in securities, less liabilities.*

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

**Investment Valuation** 

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

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

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

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

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

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

**8**

------

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation Procedures** 

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

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

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

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

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

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

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

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

**9**

------

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| AMT | —Alternative Minimum Tax |
| COL | —Collateralized |
| EDA | —Economic Development Authority |
| FRNs | —Floating Rate Notes |
| GO | —General Obligation |
| GTD | —Guaranteed |
| HEFA | —Health and Education Facilities Authority |
| HFA | —Housing Finance Authority |
| IDA | —Industrial Development Authority |
| IDB | —Industrial Development Bond |
| INS | —Insured |
| ISD | —Independent School District |
| LIQ | —Liquidity Agreement |
| LP | —Limited Partnership |
| PCFA | —Pollution Control Financing Authority |
| PCR | —Pollution Control Revenue |
| PCRB | —Pollution Control Revenue Bond(s) |
| PUTTERs | —Puttable Tax-Exempt Receipts |
| SIFMA | —Securities Industry and Financial Markets Association |
| SOFR | —Secured Overnight Financing Rate |
| TELA | —Toll Equity Loan Agreement |
| TEMPS | —Tax Exempt Mandatory Paydown Securities |
| UT | —Unlimited Tax |
| VMTP | —Variable Municipal Term Preferred |
| VRDNs | —Variable Rate Demand Notes |
| VRDPs | —Variable Rate Demand Preferreds |
| VRENs | —Variable Rate Extendible Notes |

---

**10**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Short-Intermediate Duration Municipal Trust

- **b. Investment Company Act file number:** 811-03181

- **c. CIK number of Registrant:** 0000353101

- **d. LEI of Registrant:** 5493005ND0ME0P2TSR89

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

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

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

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

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Short-Intermediate Municipal Fund

- **b. EDGAR series identifier (if any):** S000009085

- **c. LEI of Series:** 5493005ND0ME0P2TSR89

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $391523475.14

**Total Liabilities:** $4723724.88

**Net Assets:** $386799750.26

**Delayed Delivery Securities:** $3724820.00

**Cash Not Reported:** $46948.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1882.802203100000 | **1-Year:** -30883.836970100000 | **5-Year:** -47746.371918700000 | **10-Year:** -21669.785126000000 | **30-Year:** -5731.489895600000

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

- **3-Month:** -45.810138600000 | **1-Year:** -1879.196375800000 | **5-Year:** -1866.914191200000 | **10-Year:** -271.790270800000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024677 | 0.44%                | 0.55%                | 0.54%                |
| Class ID C000024678 | 0.42%                | 0.63%                | 0.52%                |
| Class ID C000037571 | 0.42%                | 0.63%                | 0.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-403579.59              | $1125101.44                                |
| Month 2  | $-0.02                   | $1367218.48                                |
| Month 3  | $0.01                    | $1152474.76                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DALLAS-FORT WORTH TX INTERNATI                              | Dallas Fort Worth International Airport                                 | CUSIP: 23503CFL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1620886.65   | 0.42%             | 2050-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                              | Ohio Housing Finance Agency                                             | CUSIP: 676900WN9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1613781.76   | 0.42%             | 2029-02-01      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| CHARLES CITY CNTY VA INDL DEV                               | Charles City County Economic Development Authority                      | CUSIP: 159770AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967327.30    | 0.25%             | 2027-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                              | West Virginia Economic Development Authority                            | CUSIP: 95648VBY4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014335.80   | 0.52%             | 2041-01-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER/RESIDUAL TRUST                               | Mizuho Floater/Residual Trust                                           | CUSIP: 60700HKS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.23%             | 2037-10-15      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL HSG FIN AUTH M                              | Broward County Housing Finance Authority                                | CUSIP: 115027QZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500016.20   | 0.39%             | 2041-04-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR                              | New York State Environmental Facilities Corp                            | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    750000 | PA      | $756921.53    | 0.20%             | 2050-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                              | New Jersey Educational Facilities Authority                             | CUSIP: 646067FM5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $550741.30    | 0.14%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                               | New Jersey Transportation Trust Fund Authority                          | CUSIP: 64613CDM7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085416.10   | 0.28%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                              | Main Street Natural Gas Inc                                             | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1625343.60   | 0.42%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                              | Kentucky Public Energy Authority                                        | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072492.90   | 0.28%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI                              | New Hampshire Business Finance Authority                                | CUSIP: 63608SAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281610.98    | 0.07%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES        | JPMorgan Chase Putters/Drivers Trust                                    | CUSIP: 46640KB94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.10%             | 2026-01-28      | Floating      | 4.17%                 | Yes           |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT                              | North Carolina Turnpike Authority                                       | CUSIP: 65830RBW8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046227.20   | 0.27%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA HSG AUTH MF HSG R                              | San Diego Housing Authority Inc                                         | CUSIP: 79728FLJ8<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1611525.54   | 0.42%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                              | Massachusetts Development Finance Agency                                | CUSIP: 57584YPF0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999793.90   | 0.78%             | 2049-07-01      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH                                    | Development Authority of Appling County                                 | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.78%             | 2038-01-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE                              | City of Salt Lake City UT Airport Revenue                               | CUSIP: 795576MS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1612784.55   | 0.42%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TN HLTH EDUCTNL &H                              | Chattanooga Health Educational & Housing Facility Board                 | CUSIP: 162404DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027598.60   | 0.52%             | 2048-06-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                               | New York City Housing Development Corp                                  | CUSIP: 64972KDQ5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2541006.75   | 0.66%             | 2064-05-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                              | New Jersey Educational Facilities Authority                             | CUSIP: 646067FL7<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    600000 | PA      | $667282.08    | 0.17%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ECTOR CNTY TX INDEP SCH DIST                                | Ector County Independent School District                                | CUSIP: 279263SF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047817.20   | 0.53%             | 2049-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BOERNE TX INDEP SCH DIST                                    | Boerne Independent School District                                      | CUSIP: 097067NQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540704.00   | 0.40%             | 2054-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                               | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971X7X0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100173.20   | 0.28%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A                              | South Carolina Public Service Authority                                 | CUSIP: 8371515Z8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075918.00   | 0.28%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD POLL CO                              | Industrial Development Board of the City of Mobile Alabama              | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015136.30   | 0.26%             | 2034-06-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD                              | Virginia Beach Development Authority                                    | CUSIP: 92774NBE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019964.40   | 0.52%             | 2030-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                                | Michigan Finance Authority                                              | CUSIP: 59447TU68<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1899880.60   | 0.49%             | 2038-10-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                              | New Jersey Educational Facilities Authority                             | CUSIP: 646067FP8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $541126.35    | 0.14%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C                              | Development Authority of Monroe County/The                              | CUSIP: 610530FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2760595.20   | 0.71%             | 2042-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                               | New York City Transitional Finance Authority                            | CUSIP: 64972JVZ8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121117.40   | 0.29%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1                               | Matagorda County Navigation District No 1                               | CUSIP: 576528DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3131333.70   | 0.81%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                              | State of Connecticut                                                    | CUSIP: 20772KRS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047205.40   | 0.27%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENICE FL                                                   | City of Venice FL                                                       | CUSIP: 922687AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $366157.89    | 0.09%             | 2030-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                               | Pennsylvania Economic Development Financing Authority                   | CUSIP: 70870JEQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103350.00   | 0.29%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TN HLTH EDUCTNL & HS                              | Knox County Health Educational & Housing Facility Board                 | CUSIP: 499652AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011200.20   | 0.78%             | 2029-09-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                              | Indianapolis Local Public Improvement Bond Bank                         | CUSIP: 45528VFU8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063654.80   | 0.27%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                                   | North Texas Tollway Authority                                           | CUSIP: 66285WM60<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514533.00   | 0.65%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                              | Main Street Natural Gas Inc                                             | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5665000 | PA      | $6077265.28   | 1.57%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OK FIN AUTH EDUC                              | Oklahoma County Finance Authority                                       | CUSIP: 67868UHM8<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1379184.56   | 0.36%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CNTY WY POLL CONTRO                              | County of Sweetwater WY                                                 | CUSIP: 870487CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2954949.60   | 0.76%             | 2026-07-15      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI                              | New Hampshire Business Finance Authority                                | CUSIP: 63608SAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $286553.73    | 0.07%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S                              | North Texas Municipal Water District Water System Revenue               | CUSIP: 662903H71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $575620.20    | 0.15%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST                                 | Fort Bend Independent School District                                   | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1538403.30   | 0.40%             | 2055-08-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH AFFORDAB                              | King County Housing Authority                                           | CUSIP: 49477AAB4<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049531.20   | 0.53%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE    | California Pollution Control Financing Authority                        | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3997095.20   | 1.03%             | 2043-07-01      | Floating      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                              | New Jersey Educational Facilities Authority                             | CUSIP: 646067FN3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174669.55    | 0.05%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMELIA CNTY VA INDL DEV AUTH S                              | Amelia County Industrial Development Authority                          | CUSIP: 023445AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2563417.35   | 0.66%             | 2027-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                               | Black Belt Energy Gas District                                          | CUSIP: 09182TGB7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2150305.40   | 0.56%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH                              | Alachua County Health Facilities Authority                              | CUSIP: 010684BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002967.20   | 0.26%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH PORT AUTH GAS REV                              | Lancaster Port Authority                                                | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3222144.60   | 0.83%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALG                              | Black Belt Energy Gas District                                          | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6521708.70   | 1.69%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO                              | Orlando Utilities Commission                                            | CUSIP: 686507KZ6<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    300000 | PA      | $330056.82    | 0.09%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO                              | Orlando Utilities Commission                                            | CUSIP: 686507KY9<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    815000 | PA      | $903583.57    | 0.23%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                              | Wisconsin Health & Educational Facilities Authority                     | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533636.00   | 0.66%             | 2027-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF                              | Florida Development Finance Corp                                        | CUSIP: 34061QCW5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1637569.65   | 0.42%             | 2056-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                                | IL FIN AUTH-VAR- FRN 5/42                                               | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2114066.88   | 0.55%             | 2042-05-01      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                               | State of California                                                     | CUSIP: 13063D5K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2102831.20   | 0.54%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                              | HEALTH & EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI      | CUSIP: 60635HZ28<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    750000 | PA      | $753084.98    | 0.19%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POLL CONTRO                              | Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer LLC     | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2506929.50   | 0.65%             | 2046-10-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI                              | New Hampshire Business Finance Authority                                | CUSIP: 63608SAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265007.74    | 0.07%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                              | Ohio Housing Finance Agency                                             | CUSIP: 676900XK4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006536.40   | 0.26%             | 2028-03-01      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST                                    | Denton Independent School District                                      | CUSIP: 249002NL6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2131907.40   | 0.55%             | 2055-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU                              | New Jersey Turnpike Authority                                           | CUSIP: 6461396K6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030165.20   | 0.27%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T                              | Lower Colorado River Authority                                          | CUSIP: 54811BSM4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061497.70   | 0.27%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH                               | Parish of St John the Baptist LA                                        | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6974505.30   | 1.80%             | 2037-06-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL HSG FIN AUTH MF HS                              | Lee County Housing Finance Authority                                    | CUSIP: 52349HBG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009146.90   | 0.26%             | 2044-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LANSING MICH BRD WTR & LT UTIL                              | Lansing Board of Water & Light                                          | CUSIP: 516391DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3457133.75   | 0.89%             | 2051-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                                  | Port of Seattle WA                                                      | CUSIP: 7353893P1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4448581.60   | 1.15%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                 | State of Illinois                                                       | CUSIP: 452153GD5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060870.40   | 0.27%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1                               | Matagorda County Navigation District No 1                               | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2232643.12   | 0.58%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                              | North Carolina Medical Care Commission                                  | CUSIP: 65820YSZ0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300093.51    | 0.08%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS                              | Florida Development Finance Corp                                        | CUSIP: 34061XAH5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999630.60    | 0.26%             | 2050-09-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                                 | City of Houston TX Airport System Revenue                               | CUSIP: 442349JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2208186.00   | 0.57%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA REDEV & HSG AUTH                              | Chesapeake Redevelopment & Housing Authority                            | CUSIP: 165328BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4046573.60   | 1.05%             | 2043-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                               | State of Washington                                                     | CUSIP: 93974ED78<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044245.30   | 0.27%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG FIN AUTH MF HS                              | Colorado Housing and Finance Authority                                  | CUSIP: 19647PDR1<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009125.90   | 0.26%             | 2028-09-01      | Variable      | 3.18%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                              | Tennessee Housing Development Agency                                    | CUSIP: 880461ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5000.00      | 0.00%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA OH MET HSG AUTH MF HS                              | Cuyahoga Metropolitan Housing Authority                                 | CUSIP: 23239TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511362.50   | 0.39%             | 2028-02-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                              | Tarrant County Cultural Education Facilities Finance Corp               | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    750000 | PA      | $834416.18    | 0.22%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HSG OPTIONS INC TX MF REVENUE                               | Housing Options Inc/TX                                                  | CUSIP: 44183TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1627564.80   | 0.42%             | 2045-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFSHORE TERMINAL                              | Louisiana Offshore Terminal Authority                                   | CUSIP: 546510FS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5420000 | PA      | $5491210.13   | 1.42%             | 2027-09-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OK FIN AUTH EDUC                              | Oklahoma County Finance Authority                                       | CUSIP: 67868UHN6<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1783479.26   | 0.46%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI                              | New Hampshire Business Finance Authority                                | CUSIP: 63608SAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301973.37    | 0.08%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R                              | Indiana Finance Authority                                               | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539297.65    | 0.14%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV | Pennsylvania Economic Development Financing Authority                   | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000016.30   | 0.26%             | 2038-08-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                              | Long Island Power Authority                                             | CUSIP: 542691LD0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1492255.95   | 0.39%             | 2055-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                              | New York Transportation Development Corp                                | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $574661.56    | 0.15%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                 | State of Illinois                                                       | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2222408.51   | 0.57%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                              | Main Street Natural Gas Inc                                             | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5387566.50   | 1.39%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY POLL CONTROL R                              | County of Trimble KY                                                    | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2102853.83   | 0.54%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                    | Iowa Finance Authority                                                  | CUSIP: 46247SBP8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1957220.40   | 0.51%             | 2056-05-15      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST                                 | Fort Bend Independent School District                                   | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4093390.80   | 1.06%             | 2054-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                                   | North Texas Tollway Authority                                           | CUSIP: 66285WM78<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3609432.40   | 0.93%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T                              | Lower Colorado River Authority                                          | CUSIP: 54811BG62<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1625082.00   | 0.42%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TN HLTH EDUCTNL &H                              | Chattanooga Health Educational & Housing Facility Board                 | CUSIP: 162404DS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1632965.13   | 0.42%             | 2043-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                              | Harris County Cultural Education Facilities Finance Corp                | CUSIP: 414008CY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2667438.00   | 0.69%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSIO                              | Florida Local Government Finance Commission                             | CUSIP: 34077UAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013904.80   | 0.52%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH                              | Atlanta Urban Residential Finance Authority                             | CUSIP: 04785VBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2122422.16   | 0.55%             | 2028-09-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                              | Texas Department of Housing & Community Affairs                         | CUSIP: 88275AEU0<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014554.20   | 0.78%             | 2029-09-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CONTROLC                              | Coconino County Pollution Control Corp                                  | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007149.20   | 0.52%             | 2032-09-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO                              | Development Authority of Burke County/The                               | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3017613.60   | 0.78%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                              | Dallas Fort Worth International Airport                                 | CUSIP: 23503CFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1588632.45   | 0.41%             | 2050-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| S MIAMI FL HLTH FACS AUTH                                   | City Of South Miami Health Facilities Authority Inc                     | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098963.10   | 0.28%             | 2065-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU                              | Montgomery County Industrial Development Authority/PA                   | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3476247.98   | 0.90%             | 2053-04-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY S                              | Massachusetts Development Finance Agency                                | CUSIP: 57583HAJ6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1684494.18   | 0.44%             | 2027-05-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| TENDER OPTION BOND TRUST RECEI                              | Tender Option Bond Trust Receipts/Certificates                          | CUSIP: 88035PHF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.18%             | 2026-05-01      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OH FIN                               | Columbus-Franklin County Finance Authority                              | CUSIP: 19910XAA4<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037039.20   | 0.53%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                                        | State of Ohio                                                           | CUSIP: 67756CFW3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2488515.50   | 0.64%             | 2052-01-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES        | JPMorgan Chase Putters/Drivers Trust                                    | CUSIP: 46640KYX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9200000 | PA      | $9200000.00   | 2.38%             | 2027-06-01      | Floating      | 4.17%                 | Yes           |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                              | Ohio Housing Finance Agency                                             | CUSIP: 676900XE8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997945.60    | 0.26%             | 2045-06-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                              | Main Street Natural Gas Inc                                             | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1628887.95   | 0.42%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DICKSON TN HLTH EDUCTNL & HSG                               | Dickson Health & Educational Facilities Board/TN                        | CUSIP: 253514AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3007507.20   | 0.78%             | 2028-04-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| GULF COAST TX WST DISP AUTH                                 | Gulf Coast Authority                                                    | CUSIP: 402231AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1183815.88   | 0.31%             | 2028-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLL C                              | Louisa Industrial Development Authority                                 | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504543.40    | 0.13%             | 2035-11-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                              | State of Connecticut                                                    | CUSIP: 20772KRR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023234.20   | 0.26%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                              | North Carolina Medical Care Commission                                  | CUSIP: 65820YTA4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    525000 | PA      | $525127.52    | 0.14%             | 2028-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST PUBLIC PWR DIST RE                              | Nebraska Public Power District                                          | CUSIP: 63968A7W9<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2637462.25   | 0.68%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX INDEP SCH DIST                                | North East Independent School District/TX                               | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1945764.28   | 0.50%             | 2049-08-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT                              | New Jersey Economic Development Authority                               | CUSIP: 645780FR3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $3819002.80   | 0.99%             | 2029-11-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE                                | Tennergy Corp/TN                                                        | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5635279.65   | 1.46%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                | Ohio Air Quality Development Authority                                  | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1429422.45   | 0.37%             | 2038-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                              | Main Street Natural Gas Inc                                             | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142635.60   | 0.55%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH MF HS                              | Industrial Development Authority of the City of Phoenix Arizona/The     | CUSIP: 718903RU3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2867739.70   | 0.74%             | 2027-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                              | Harris County Cultural Education Facilities Finance Corp                | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2141220.20   | 0.55%             | 2054-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REVENUE                             | County of Meade KY                                                      | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.26%             | 2060-07-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                              | California Infrastructure & Economic Development Bank                   | CUSIP: 13034AN30<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9273947.00   | 2.40%             | 2050-12-01      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV                              | City of Farmington NM                                                   | CUSIP: 311450GF1<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4065844.00   | 1.05%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REVENUE BONDS           | OKLAHOMA HSG FIN AG 3.35                                                | CUSIP: 67886UAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010628.80   | 0.52%             | 2027-12-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OK FIN AUTH EDUC                              | Oklahoma County Finance Authority                                       | CUSIP: 67868UHL0<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018914.00   | 0.26%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI                              | New Hampshire Business Finance Authority                                | CUSIP: 63608SAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250663.63    | 0.06%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE                               | Parish of St James LA                                                   | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501260.60    | 0.13%             | 2041-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST                               | San Antonio Independent School District/TX                              | CUSIP: 796269P77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $834497.70    | 0.22%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                              | Wisconsin Health & Educational Facilities Authority                     | CUSIP: 97712JGW7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3554351.85   | 0.92%             | 2054-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                               | Black Belt Energy Gas District                                          | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038820.60   | 0.53%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES        | JPMorgan Chase Putters/Drivers Trust                                    | CUSIP: 46640KYR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.23%             | 2027-03-20      | Floating      | 4.17%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE                              | New Jersey Economic Development Authority                               | CUSIP: 64577XEQ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1709208.60   | 0.44%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                              | Kentucky Public Energy Authority                                        | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119761.20   | 0.55%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH SOLID                              | Vermont Economic Development Authority                                  | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995570.10    | 0.26%             | 2052-06-01      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                               | Metropolitan Transportation Authority                                   | CUSIP: 59261AL96<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    780000 | PA      | $779726.38    | 0.20%             | 2026-11-01      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP MF REVENUE                                 | Utah Housing Corp                                                       | CUSIP: 917434DF6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1812479.94   | 0.47%             | 2043-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDEP SCH DIST                                 | Northside Independent School District                                   | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027827.20   | 0.52%             | 2050-06-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                              | Colorado Health Facilities Authority                                    | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5161930.93   | 1.33%             | 2059-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                              | West Virginia Economic Development Authority                            | CUSIP: 95648VBW8<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    800000 | PA      | $819440.32    | 0.21%             | 2042-12-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                                | Michigan Finance Authority                                              | CUSIP: 59447TK69<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1919811.96   | 0.50%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                               | Central Texas Turnpike System                                           | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2699108.00   | 0.70%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GRANITE CITY IL SOL WST DISP R                              | City of Granite City IL                                                 | CUSIP: 387307AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1443852.15   | 0.37%             | 2027-05-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE            | California Municipal Finance Authority                                  | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000891.40   | 0.52%             | 2044-12-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                              | Dallas Fort Worth International Airport                                 | CUSIP: 2350365B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5405982.34   | 1.40%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH                                | Pittsburgh Water & Sewer Authority                                      | CUSIP: 725304YP8<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1964026.44   | 0.51%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                                        | State of Ohio                                                           | CUSIP: 67756CFG8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.13%             | 2049-01-15      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                               | County of Jefferson AL Sewer Revenue                                    | CUSIP: 472682ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2821295.65   | 0.73%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                              | Main Street Natural Gas Inc                                             | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2177752.00   | 0.56%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                              | Pennsylvania Turnpike Commission                                        | CUSIP: 709225RH1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1691132.25   | 0.44%             | 2045-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT                              | North Carolina Turnpike Authority                                       | CUSIP: 65830RBV0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1794692.20   | 0.46%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE            | California Municipal Finance Authority                                  | CUSIP: 13048RAN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999806.60   | 0.52%             | 2041-11-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                              | West Virginia Economic Development Authority                            | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505396.60    | 0.13%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOL                              | Wise County Industrial Development Authority                            | CUSIP: 977228AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3043994.70   | 0.79%             | 2040-11-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COOPE                              | Southeast Energy Authority A Cooperative District                       | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3476070.33   | 0.90%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T                              | Grand Parkway Transportation Corp                                       | CUSIP: 38611TDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2617581.00   | 0.68%             | 2052-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                               | New Jersey Transportation Trust Fund Authority                          | CUSIP: 64613CCZ9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508122.60    | 0.13%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                 | State of Illinois                                                       | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6659597.75   | 1.72%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IN POLL CONTROL REVEN                              | City of Rockport IN                                                     | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026337.80   | 0.27%             | 2047-06-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                              | Main Street Natural Gas Inc                                             | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2706025.00   | 0.70%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN CA AMT-FREE QUALITY MUNI INCOME FUND                 | Nuveen California AMT-Free Quality Municipal Income Fund                | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |  11200000 | PA      | $11200000.00  | 2.90%             | 2047-10-01      | Floating      | 3.34%                 | Yes           |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                               | BLACK BELT ENERGY GAS DISTRICT                                          | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071743.50   | 0.28%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA AL INDL DEV BRD POLLC                              | Columbia Industrial Development Board                                   | CUSIP: 197210AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7156059.40   | 1.85%             | 2037-12-01      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY                              | Louisville/Jefferson County Metropolitan Government                     | CUSIP: 546749AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2958637.50   | 0.76%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S                              | Intermountain Power Agency                                              | CUSIP: 45884AF40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076976.50   | 0.28%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERA                              | Oklahoma Housing Finance Agency                                         | CUSIP: 67886UAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $630959.75    | 0.16%             | 2028-05-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV GAS & WTR FACS                               | County of Washoe NV                                                     | CUSIP: 940797AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020869.00   | 0.52%             | 2036-03-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                              | Chandler Industrial Development Authority                               | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2552179.00   | 0.66%             | 2049-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                               | Pennsylvania Economic Development Financing Authority                   | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000456.40   | 0.52%             | 2041-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                               | State of California                                                     | CUSIP: 13063D5L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2151826.20   | 0.56%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A                              | City of Los Angeles Department of Airports                              | CUSIP: 5444457L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $274851.80    | 0.07%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL HSG FIN AUTH MF HS                              | Lee County Housing Finance Authority                                    | CUSIP: 52349HBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001464.10   | 0.26%             | 2027-02-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                              | North Carolina Medical Care Commission                                  | CUSIP: 65820YSV9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257680.25    | 0.07%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV AGY MF                              | Monroe County Industrial Development Corp                               | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3109013.40   | 0.80%             | 2028-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP                              | Metropolitan Nashville Airport Authority/The                            | CUSIP: 592190NT5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054878.70   | 0.27%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                               | State of Washington                                                     | CUSIP: 93974EB62<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020395.40   | 0.26%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP MF HSG R                              | Louisiana Housing Corp                                                  | CUSIP: 54627CBV4<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517204.85   | 0.39%             | 2028-02-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV AGY MF                              | Monroe County Industrial Development Corp                               | CUSIP: 61075NAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2072675.60   | 0.54%             | 2028-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE                              | New Jersey Economic Development Authority                               | CUSIP: 64577XEN2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514035.35   | 0.39%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                              | Maricopa County Industrial Development Authority                        | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021648.40   | 0.52%             | 2053-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY                               | North Carolina Housing Finance Agency                                   | CUSIP: 658207TZ8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165442.99    | 0.04%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARLSBAD CA MF HSG REVENUE                                  | City of Carlsbad CA                                                     | CUSIP: 142585BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1608880.61   | 0.42%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX HSG FIN CORP                                    | Mesquite Housing Finance Corp/The                                       | CUSIP: 590746AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506705.15   | 0.39%             | 2029-08-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH                              | Alachua County Health Facilities Authority                              | CUSIP: 010684BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $737176.85    | 0.19%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                                | City of Philadelphia PA Airport Revenue                                 | CUSIP: 717817YL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1929001.20   | 0.50%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHLEHEM PA AREA SCH DIST AUT                              | Bethlehem Area School District                                          | CUSIP: 087368AN6<br>LEI: 549300TFB2HAL26FJP41 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2099223.21   | 0.54%             | 2032-01-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Federated Hermes Short-Intermediate Duration Municipal Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Short-Intermediate Duration Municipal Trust

**Title:** Chief Compliance Officer