# EDGAR Filing Document

**Accession Number:** 0001424212
**File Stem:** 0000940400-25-002127
**Filing Date:** 2025-9
**Character Count:** 191499
**Document Hash:** 7195c84d2b0d3f67c78d57e9a24e90d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002127.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0000940400-25-002127

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND III
- **CENTRAL INDEX KEY:** 0001424212

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22245
- **FILM NUMBER:** 251336427

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange-Traded Fund III
- **DATE OF NAME CHANGE:** 20160419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange Traded Fund III
- **DATE OF NAME CHANGE:** 20080116

## Series and Classes Contracts Data

### First Trust Short Duration Managed Municipal ETF (Series ID: S000063445)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000205581 | First Trust Short Duration Managed Municipal ETF | FSMB            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Exchange-Traded Fund III

- **b. Investment Company Act file number:** 811-22245

- **c. CIK number of Registrant:** 0001424212

- **d. LEI of Registrant:** 5493003Z20QMESC6XS29

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

  - **Street Address 1:** 120 East Liberty Drive, Suite 400

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Short Duration Managed Municipal ETF

- **b. EDGAR series identifier (if any):** S000063445

- **c. LEI of Series:** 549300ROXE8YGH5VMU72

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $474702607.04

**Total Liabilities:** $2145427.17

**Net Assets:** $472557179.87

**Delayed Delivery Securities:** $487485.00

**Cash Not Reported:** $3404186.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2310.16983000 | **1-Year:** 36668.02705000 | **5-Year:** 65946.09330000 | **10-Year:** 5977.70169000 | **30-Year:** 0.00000000

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

- **3-Month:** 65.79141000 | **1-Year:** 1187.55431000 | **5-Year:** 2012.32672000 | **10-Year:** 129.03612000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205581 | 0.56%                | 0.67%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-160973.54              | $1432331.82                                |
| Month 2  | $26815.90                | $1998591.81                                |
| Month 3  | $43456.28                | $1080568.32                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                         | CUSIP: 04052BPD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $229451.61    | 0.05%             | 2026-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP        | Florida Housing Finance Corp                                                     | CUSIP: 34073JVE6<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1758247.93   | 0.37%             | 2042-06-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST ELEC  | Omaha Public Power District                                                      | CUSIP: 682001EZ1<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252928.55    | 0.05%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414008CZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610443.35   | 0.34%             | 2054-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81 | City of Las Vegas NV Special Improvement District No 812                         | CUSIP: 517784AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $933401.20    | 0.20%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR | City & County Honolulu HI Wastewater System Revenue                              | CUSIP: 438701H49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018413.80   | 0.22%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1316093.38   | 0.28%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASTORIA OR HOSP FACS AUTH      | Astoria Hospital Facilities Authority                                            | CUSIP: 046279CD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $715410.30    | 0.15%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE   | New Hampshire Business Finance Authority                                         | CUSIP: 63607YCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1187337.91   | 0.25%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGYM | North Carolina Housing Finance Agency                                            | CUSIP: 65821BAM7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2950900.40   | 0.62%             | 2029-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE | Georgia Housing & Finance Authority                                              | CUSIP: 37353PNT2<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    420000 | PA      | $421677.98    | 0.09%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST            | West Villages Improvement District                                               | CUSIP: 956454AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1123380.50   | 0.24%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY COVE CDD FL SPL ASSMNT | Liberty Cove Community Development District                                      | CUSIP: 530430AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $608688.26    | 0.13%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VERANDA CDD II FL SPL ASSMNT R | Veranda Community Development District II                                        | CUSIP: 92338HAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $581582.95    | 0.12%             | 2031-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                    | State of Maryland                                                                | CUSIP: 574193MX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001912.00   | 0.21%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLL C | Louisa Industrial Development Authority                                          | CUSIP: 546068AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015062.90   | 0.21%             | 2035-11-01      | Variable      | 3.65%                 | 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        |   2250000 | PA      | $2258512.88   | 0.48%             | 2029-08-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| ENERGY S E AL A COOPERATIVE DI | Energy Southeast A Cooperative District                                          | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071822.30   | 0.23%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G | Central Plains Energy Project                                                    | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050081.80   | 0.22%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SELMA AL INDL DEV BRD REVENUE  | Selma Industrial Development Board                                               | CUSIP: 81647PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961430.60   | 0.42%             | 2033-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| HIDDEN CREEK NORTH CMNTY DEV   | Hidden Creek North Community Development District                                | CUSIP: 42951HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $848877.11    | 0.18%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL | Chandler Industrial Development Authority                                        | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1271728.13   | 0.27%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL  | Indiana Finance Authority                                                        | CUSIP: 455059AK1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1809296.40   | 0.38%             | 2029-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                                 | CUSIP: 74440DET7<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1109225.76   | 0.23%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA INDL DEV AUTH   | Lehigh County Industrial Development Authority                                   | CUSIP: 524808BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2465022.67   | 0.52%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W | Mission Economic Development Corp                                                | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1143092.25   | 0.24%             | 2064-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C | Development Authority of Monroe County/The                                       | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1706699.87   | 0.36%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FWA8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $410144.28    | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH MF HS | Illinois Housing Development Authority                                           | CUSIP: 45203LEL3<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019976.60   | 0.43%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A | Palm Beach County Health Facilities Authority                                    | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3715584.86   | 0.79%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508762.45    | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008396.20   | 0.43%             | 2041-07-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE | County of Denton TX                                                              | CUSIP: 24880GAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $704309.55    | 0.15%             | 2030-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GCM4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.42%             | 2050-06-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RSDL CMNTY DEV  | LTC Ranch West Residential Community Development District                        | CUSIP: 50218SAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $187967.78    | 0.04%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTHMOST TX REGL WTR AUTH WTR | Southmost Regional Water Authority                                               | CUSIP: 84455LFD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1366190.43   | 0.29%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                       | CUSIP: 167505US3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111696.57    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH PARKWAY MUNI MGMT DIST # | North Parkway Municipal Management District No 1                                 | CUSIP: 66144PAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197460.42    | 0.04%             | 2026-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $331046.83    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FZA5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    505000 | PA      | $539165.27    | 0.11%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTHS | Louisiana Public Facilities Authority                                            | CUSIP: 54640TAK5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1153555.80   | 0.24%             | 2043-10-01      | Variable      | 5.00%                 | 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        |    205000 | PA      | $201997.45    | 0.04%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224RH4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    375000 | PA      | $380527.31    | 0.08%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH  | Parish of St John the Baptist LA                                                 | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4023085.60   | 0.85%             | 2037-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| CASS CNTY ND JT WTR RESOURCE D | Cass County Joint Water Resource District                                        | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001918.20   | 0.42%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU | City of Princeton TX                                                             | CUSIP: 742400CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299493.03    | 0.06%             | 2031-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE | Maryland Community Development Administration                                    | CUSIP: 20364NBX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $350300.79    | 0.07%             | 2032-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH        | Bartow County Development Authority                                              | CUSIP: 069643BM5<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2474324.33   | 0.52%             | 2043-08-01      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE           | State of Ohio                                                                    | CUSIP: 67756CFH6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.42%             | 2051-01-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $767408.54    | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE | Georgia Housing & Finance Authority                                              | CUSIP: 37353PNU9<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    650000 | PA      | $652058.23    | 0.14%             | 2031-12-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA WTR REVENUE         | City of Norfolk VA Water Revenue                                                 | CUSIP: 656009LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1598286.16   | 0.34%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY KS KANSAS CITY  | Wyandotte County-Kansas City Unified Government                                  | CUSIP: 98267VCJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1372160.76   | 0.29%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE | City of Houston TX Combined Utility System Revenue                               | CUSIP: 44244CGP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2228594.56   | 0.47%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP MF MTG | Florida Housing Finance Corp                                                     | CUSIP: 34074HHE5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006600.80   | 0.42%             | 2058-07-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP MF MTG | Florida Housing Finance Corp                                                     | CUSIP: 34074HHD7<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1260858.25   | 0.27%             | 2042-11-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA           | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HEV0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    405000 | PA      | $432025.77    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090764.60   | 0.23%             | 2060-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050430.30   | 0.22%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION& | Texas Municipal Gas Acquisition & Supply Corp IV                                 | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2161105.11   | 0.46%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GC44<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.85%             | 2044-06-15      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT | New Jersey Economic Development Authority                                        | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497757.20   | 0.32%             | 2034-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEPT GEN SVCS DIV F | Florida Department of Management Services                                        | CUSIP: 341602F96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513557.35    | 0.11%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972HZW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $349996.68    | 0.07%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVRNMNTL FACS | County of Trimble KY                                                             | CUSIP: 896221AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1597762.36   | 0.34%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OK FIN AUTH EDUC | Oklahoma County Finance Authority                                                | CUSIP: 67868UFX6<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307097.61    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN | Port of Portland OR Airport Revenue                                              | CUSIP: 735240P23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $269822.05    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU | Philadelphia Gas Works Co                                                        | CUSIP: 7178238G6<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    865000 | PA      | $884829.26    | 0.19%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODINE ROAD NORTH CDD FL SPL  | Rhodine Road North Community Development District                                | CUSIP: 762402AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $359523.06    | 0.08%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TX    | Westpointe Special Improvement District                                          | CUSIP: 96124RBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $365511.87    | 0.08%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission                             | CUSIP: 603827E51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $567365.81    | 0.12%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN | State of Iowa Board of Regents                                                   | CUSIP: 46256QPH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048868.50   | 0.22%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC  | Public Finance Authority                                                         | CUSIP: 74444VBN9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    390000 | PA      | $387654.27    | 0.08%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH           | Stamford Housing Authority                                                       | CUSIP: 852640AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018376.60   | 0.43%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $523112.82    | 0.11%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA | City of Galveston TX Wharves & Terminal Revenue                                  | CUSIP: 364568HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $640688.55    | 0.14%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH GAS SPLYR | Illinois Finance Authority                                                       | CUSIP: 45202WAH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999953.20   | 0.42%             | 2030-03-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT | County of Warren MS                                                              | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1155334.74   | 0.24%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                                        | CUSIP: 45506ENN9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    600000 | PA      | $623802.72    | 0.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS | Maine State Housing Authority                                                    | CUSIP: 56052FS63<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    525000 | PA      | $529229.14    | 0.11%             | 2032-11-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FAS6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2132600.64   | 0.45%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON CNTY TX MUNI UTILITY | Galveston County Municipal Utility District No 54                                | CUSIP: 36422RDY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $460384.92    | 0.10%             | 2025-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX           | City of Roseville CA                                                             | CUSIP: 777870P67<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |     70000 | PA      | $69958.91     | 0.01%             | 2025-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WXB7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    400000 | PA      | $403034.00    | 0.09%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160853.13    | 0.03%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65820YTV8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    680000 | PA      | $681322.53    | 0.14%             | 2029-01-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HSG FIN CORP MF H | Arlington Housing Finance Corp                                                   | CUSIP: 041818AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505046.65    | 0.11%             | 2041-04-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST    | Fort Bend Independent School District                                            | CUSIP: 346843RD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $861529.62    | 0.18%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE   | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817XN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2531026.57   | 0.54%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635H3J6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    760000 | PA      | $765457.86    | 0.16%             | 2028-02-01      | Fixed         | 4.00%                 | 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        |   1000000 | PA      | $1035563.10   | 0.22%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                              | CUSIP: 6589097A8<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1402461.76   | 0.30%             | 2026-01-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH   | Ohio Air Quality Development Authority                                           | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3378560.06   | 0.71%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| BLACK CREEK FL CDD SPL ASSMNT  | Black Creek Community Development District                                       | CUSIP: 09186FAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106833.17    | 0.02%             | 2027-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU | Volusia County Educational Facility Authority                                    | CUSIP: 928836NH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $455812.03    | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK CO MET DIST REVENUE | Park Creek Metropolitan District                                                 | CUSIP: 700387DF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20106.52     | 0.00%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                             | CUSIP: 167593Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505020.20    | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $436066.36    | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL  | Babcock Ranch Community Independent Special District                             | CUSIP: 05616KAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1189345.70   | 0.25%             | 2029-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                                        | CUSIP: 64577XDL7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    580000 | PA      | $597600.91    | 0.13%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CONTROLC | Coconino County Pollution Control Corp                                           | CUSIP: 191855BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001253.90   | 0.21%             | 2039-03-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST     | Viridian Municipal Management District                                           | CUSIP: 92823PLR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $642111.88    | 0.14%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH | Atlanta Urban Residential Finance Authority                                      | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2529846.00   | 0.54%             | 2029-02-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL ENVRNMNTL IMP | County of Escambia FL                                                            | CUSIP: 29610QAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $348153.93    | 0.07%             | 2033-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1345643.89   | 0.28%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TX    | Westpointe Special Improvement District                                          | CUSIP: 96124RBP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $406006.91    | 0.09%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO | Development Authority of Burke County/The                                        | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $884532.34    | 0.19%             | 2032-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| KYLE TX SPL ASSMNT REVENUE     | City of Kyle TX                                                                  | CUSIP: 50156CAB6<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    925000 | PA      | $926327.75    | 0.20%             | 2029-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GREENVILLE CNTY SC SCH DIST IN | Greenville County School District                                                | CUSIP: 396066JD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016425.00   | 0.43%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAUTAUQUA CNTY NY CAPITAL RES | Chautauqua County Capital Resource Corp                                          | CUSIP: 16254PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022862.00   | 0.43%             | 2042-04-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH | Alachua County Health Facilities Authority                                       | CUSIP: 010684AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200090.96    | 0.04%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $438918.92    | 0.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758YB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $147526.39    | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIX MILE CREEK FL CDD CAPITAL  | Six Mile Creek Community Development District                                    | CUSIP: 83005TAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69353.45     | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | 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        |   1830000 | PA      | $1941626.52   | 0.41%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST         | Clark County School District                                                     | CUSIP: 181059D86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $127397.80    | 0.03%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV | County of Miami-Dade Seaport Department                                          | CUSIP: 59335KEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139789.00   | 0.45%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENICE FL                      | City of Venice FL                                                                | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $852271.37    | 0.18%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SOL WST DIS | Public Finance Authority                                                         | CUSIP: 74445MAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996865.80    | 0.21%             | 2025-11-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                         | CUSIP: 04052BAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50455.41     | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH AR | Raleigh Durham Airport Authority                                                 | CUSIP: 751073LX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $181924.19    | 0.04%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DET5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    215000 | PA      | $230176.64    | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| V-DANA CDD FL SPL ASSMNT       | V-Dana Community Development District                                            | CUSIP: 91822RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $94192.29     | 0.02%             | 2026-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX             | City of Fontana CA                                                               | CUSIP: 344630M21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $507790.39    | 0.11%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                 | CUSIP: 13032UYT9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1160173.88   | 0.25%             | 2054-08-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN | Florida Development Finance Corp                                                 | CUSIP: 34061UGM4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152357.52    | 0.03%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REVENUE       | State of Ohio                                                                    | CUSIP: 677561KK7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1840953.81   | 0.39%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH MT POLL CONTROL REVENU | City of Forsyth MT                                                               | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037074.00   | 0.43%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE  | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227RC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503173.60    | 0.11%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLUB MUNI MGMT DIST #1 TX SPL  | Club Municipal Management District No 1                                          | CUSIP: 18948PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48892.92     | 0.01%             | 2026-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1108576.94   | 0.23%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIRADA II CMNTY DEV DIST FL CA | Mirada II Community Development District                                         | CUSIP: 60463WAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $103899.89    | 0.02%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE | County of Broward FL Port Facilities Revenue                                     | CUSIP: 11506KEW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1355697.36   | 0.29%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS | Maine State Housing Authority                                                    | CUSIP: 56052FS55<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    320000 | PA      | $320028.77    | 0.07%             | 2031-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65820YTS5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1090190.75   | 0.23%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974DSJ8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300000.00   | 0.49%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST MUNI ELEC AGY PWR  | Illinois Municipal Electric Agency                                               | CUSIP: 452024HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002681.80   | 0.42%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $661745.05    | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                | Tolomato Community Development District                                          | CUSIP: 889560ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $827890.88    | 0.18%             | 2028-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FVL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120603.20   | 0.45%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST ASSOCIATED MUNI PWR SY | Utah Associated Municipal Power Systems                                          | CUSIP: 917328RV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $651683.56    | 0.14%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSOL MUNI ELEC PWR SYS WY JT | Consolidated Municipalities Electric Power Systems Joint Powers Board            | CUSIP: 210295EH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254670.93    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A | Washington Health Care Facilities Authority                                      | CUSIP: 93978HWT8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104513.54    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447TAM5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155267.76    | 0.03%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136EN7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989795.90    | 0.21%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CAM4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1227033.84   | 0.26%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP  | New York City Housing Development Corp                                           | CUSIP: 64972KKJ3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042361.80   | 0.43%             | 2064-11-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                | Tolomato Community Development District                                          | CUSIP: 889560EB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $779772.16    | 0.17%             | 2026-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2576536.00   | 0.55%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH | West Virginia Economic Development Authority                                     | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005352.50   | 0.21%             | 2040-03-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W | Mission Economic Development Corp                                                | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.28%             | 2050-05-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $566374.44    | 0.12%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PETTIS CNTY MO SCH DIST SEDALI | Pettis County School District No 200 Sedalia                                     | CUSIP: 716787EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1589721.90   | 0.34%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HSG DIV              | Nevada Housing Division                                                          | CUSIP: 641272HR3<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078590.20   | 0.44%             | 2028-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HYDE PARK CDD #1 FL SPL ASSMNT | Hyde Park Community Development District No 1                                    | CUSIP: 448642AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $296894.34    | 0.06%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE      | City of Charlotte NC Airport Revenue                                             | CUSIP: 161036LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260133.83    | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD | Michigan Strategic Fund                                                          | CUSIP: 594698TD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959240.10    | 0.20%             | 2053-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY | Fort Bend County Municipal Utility District No 184                               | CUSIP: 34682XDX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $292948.54    | 0.06%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVRNMNTL FACS | County of Trimble KY                                                             | CUSIP: 896221AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992818.30    | 0.21%             | 2033-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                        | CUSIP: 442349GC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1899458.96   | 0.40%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH PORT AUTH GAS REV | Lancaster Port Authority                                                         | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059156.10   | 0.22%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REVENU | County of Meade KY                                                               | CUSIP: 583022AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.23%             | 2061-08-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| SUMMER WOODS CDD FL SPL ASSMNT | Summer Woods Community Development District                                      | CUSIP: 865657AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $443049.54    | 0.09%             | 2031-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                       | CUSIP: 167505QS8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    625000 | PA      | $625140.44    | 0.13%             | 2032-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                       | CUSIP: 544445JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $782193.76    | 0.17%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                        | CUSIP: 442349CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $778332.83    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351710.42    | 0.07%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TROPHY CLUB TX PUBLIC IMPT DIS | Town of Trophy Club TX Public Improvement District No 1                          | CUSIP: 89706PAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514449.60    | 0.11%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE | Maryland Community Development Administration                                    | CUSIP: 20364NBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $436180.76    | 0.09%             | 2031-08-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE | Railsplitter Tobacco Settlement Authority                                        | CUSIP: 75076PAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $724448.64    | 0.15%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FKH6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1098853.81   | 0.23%             | 2031-08-01      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $947985.10    | 0.20%             | 2038-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH SOL WST DISP | Finance Authority of Maine                                                       | CUSIP: 56042CAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.21%             | 2035-08-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65821DZV6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078044.30   | 0.23%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD | New York State Housing Finance Agency                                            | CUSIP: 64987JZ38<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    300000 | PA      | $299982.33    | 0.06%             | 2044-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047067.50   | 0.22%             | 2035-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN | Virginia Small Business Financing Authority                                      | CUSIP: 928104PP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007588.50   | 0.21%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250000.00   | 0.26%             | 2045-08-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A | St Louis County Industrial Development Authority                                 | CUSIP: 791524BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999907.00    | 0.21%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    325000 | PA      | $326511.54    | 0.07%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    510000 | PA      | $510812.43    | 0.11%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE   | Tennergy Corp/TN                                                                 | CUSIP: 880397CJ1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2380604.90   | 0.50%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TEJ2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    745000 | PA      | $792049.51    | 0.17%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX SPL ASSMNT REVENUE | City of Crandall TX                                                              | CUSIP: 224384AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    207000 | PA      | $205190.96    | 0.04%             | 2026-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG | Public Finance Authority                                                         | CUSIP: 74439YFG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $430986.48    | 0.09%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKS CNTY PA INDL DEV AUTH HL | Berks County Industrial Development Authority                                    | CUSIP: 08452RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $456259.59    | 0.10%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2462385.73   | 0.52%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC  | Public Finance Authority                                                         | CUSIP: 74444VBK5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    325000 | PA      | $327762.92    | 0.07%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061191.60   | 0.22%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE | Delaware State Economic Development Authority                                    | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2404886.84   | 0.51%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VILLAMAR CDD FL SPL ASSMNT     | Villamar Community Development District                                          | CUSIP: 92715KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186233.15    | 0.04%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                      | CUSIP: 939783P67<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    350000 | PA      | $360212.86    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703EMV4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1343429.00   | 0.28%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FBD8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510898.15    | 0.11%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGS PARK NY CENTRL SCH DIST  | Kings Park Central School District                                               | CUSIP: 496098GJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $277907.86    | 0.06%             | 2031-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $415932.77    | 0.09%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC | Miami-Dade County Educational Facilities Authority                               | CUSIP: 59333ANL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1668347.85   | 0.35%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635HZ44<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    650000 | PA      | $654126.98    | 0.14%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209848.84    | 0.04%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224LN7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006693.10   | 0.21%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                      | CUSIP: 79739GSN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2177257.60   | 0.46%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57585BJJ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118612.20   | 0.45%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA DEPT OF BUSINESS & INDU | State of Nevada Department of Business & Industry                                | CUSIP: 641454AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $355198.41    | 0.08%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX             | City of Fontana CA                                                               | CUSIP: 344630M47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $278324.05    | 0.06%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP  | Charlotte-Mecklenburg Hospital Authority/The                                     | CUSIP: 160853VT1<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    400000 | PA      | $404009.48    | 0.09%             | 2048-01-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN | California Pollution Control Financing Authority                                 | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999680.60    | 0.21%             | 2025-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    910000 | PA      | $965999.85    | 0.20%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1042875.00   | 0.22%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T | Lower Colorado River Authority                                                   | CUSIP: 54811BQS3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    360000 | PA      | $363674.09    | 0.08%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP      | Maryland Economic Development Corp                                               | CUSIP: 574205GR5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1577697.11   | 0.33%             | 2036-10-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                        | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $903760.74    | 0.19%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA INC IA GAS PROJ REVENUE   | PEFA Inc                                                                         | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2420284.25   | 0.51%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645RB75<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502049.70    | 0.11%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD | Michigan Strategic Fund                                                          | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1972739.20   | 0.42%             | 2049-10-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041807BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157395.39    | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE | City of Whiting IN                                                               | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1570692.81   | 0.33%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $631723.74    | 0.13%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81 | City of Las Vegas NV Special Improvement District No 816                         | CUSIP: 51779AAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95169.68     | 0.02%             | 2028-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QPE3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015802.10   | 0.21%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKES BY THE BAY S FL CDD ASSM | Lakes by the Bay South Community Development District                            | CUSIP: 51206QAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $766312.65    | 0.16%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443BS4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254783.50    | 0.05%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FOLSOM RANCH CA FING AUTH SPL  | Folsom Ranch Financing Authority                                                 | CUSIP: 344414DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100999.87    | 0.02%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH SOLID | Vermont Economic Development Authority                                           | CUSIP: 924157AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100308.42    | 0.02%             | 2036-04-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030036.30   | 0.22%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $699722.03    | 0.15%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MUNI ENERGY ACQU | New Mexico Municipal Energy Acquisition Authority                                | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3376260.06   | 0.71%             | 2054-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN | California Pollution Control Financing Authority                                 | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999988.10    | 0.21%             | 2043-07-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH | West Virginia Economic Development Authority                                     | CUSIP: 95648VBX6<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028068.20   | 0.43%             | 2042-12-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND CNTY IL SCH DIST # | Rock Island County School District No 41 Rock Island/Milan                       | CUSIP: 772436EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1127868.64   | 0.24%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S KENDALL FL CDD SPL ASSMNT    | South Kendall Community Development District                                     | CUSIP: 83854TAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998182.10    | 0.21%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                     | City of Detroit MI                                                               | CUSIP: 2510933E8<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    220000 | PA      | $222550.35    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL  | Indiana Finance Authority                                                        | CUSIP: 455054BG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    545000 | PA      | $550960.45    | 0.12%             | 2035-05-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2234779.05   | 0.47%             | 2029-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH | Lee County Industrial Development Authority/FL                                   | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006926.90   | 0.21%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC  | Public Finance Authority                                                         | CUSIP: 74444VBM1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    390000 | PA      | $389496.39    | 0.08%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONSOL MUNI ELEC PWR SYS WY JT | Consolidated Municipalities Electric Power Systems Joint Powers Board            | CUSIP: 210295EU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $815598.41    | 0.17%             | 2037-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BERRY BAY CDD FL SPL ASSMNT RE | Berry Bay Community Development District                                         | CUSIP: 08577CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $612328.94    | 0.13%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SILVER PALMS W CDD FL SPL ASSM | Silver Palms West Community Development District                                 | CUSIP: 82807YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $156268.75    | 0.03%             | 2027-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO | Arizona Industrial Development Authority                                         | CUSIP: 04052FCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500780.05    | 0.11%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TWO RIVERS WEST CDD FL SPL ASS | Two Rivers West Community Development District                                   | CUSIP: 90207HAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $222993.32    | 0.05%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 052397AN6<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000289.60   | 0.42%             | 2028-09-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TRAVIS CNTY TX HSG FIN CORP MF | Travis County Housing Finance Corp                                               | CUSIP: 89438UBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $875000.00    | 0.19%             | 2026-08-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    225000 | PA      | $236626.76    | 0.05%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV AUTH          | Virginia Housing Development Authority                                           | CUSIP: 92812XFJ6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    490000 | PA      | $489988.24    | 0.10%             | 2055-07-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX SPL ASSMNT REVEN | City of Fort Worth TX                                                            | CUSIP: 349506AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $717845.77    | 0.15%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758VS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047498.80   | 0.43%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MODERNIZATI | Love Field Airport Modernization Corp                                            | CUSIP: 54714CBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $706190.03    | 0.15%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAYSON CNTY TX                | County of Grayson TX                                                             | CUSIP: 389694HQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499997.60   | 0.32%             | 2026-01-01      | Fixed         | 3.00%                 | 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      | $973925.50    | 0.21%             | 2052-06-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4474261.35   | 0.95%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE      | City of Charlotte NC Airport Revenue                                             | CUSIP: 161036TX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1121823.54   | 0.24%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLS MINNEOLA CMNTY DEV DIST  | Hills of Minneola Community Development District                                 | CUSIP: 431688AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2128216.20   | 0.45%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635H3U1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522750.15    | 0.11%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE | Chicago Midway International Airport                                             | CUSIP: 167562RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512506.80    | 0.11%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703EMU6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1696307.26   | 0.36%             | 2049-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2326115.24   | 0.49%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP | California Municipal Finance Authority                                           | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1966227.20   | 0.42%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH BRD COP | School Board of Miami-Dade County/The                                            | CUSIP: 59333MV69<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2054377.27   | 0.43%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                         | CUSIP: 04052BHX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $680986.09    | 0.14%             | 2029-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO CA CMNTY FACS  | City of San Luis Obispo CA Community Facilities District No 2019-1               | CUSIP: 798601AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100978.55    | 0.02%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592113CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012742.50   | 0.21%             | 2046-10-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    880000 | PA      | $889466.07    | 0.19%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6372691.80   | 1.35%             | 2055-10-01      | 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        |    130000 | PA      | $130246.81    | 0.03%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA CMNTY FACS DIST #64 | City of Ontario CA Community Facilities District No 64                           | CUSIP: 68305GAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $558316.92    | 0.12%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HOSP | Lee County Industrial Development Authority/FL                                   | CUSIP: 52350LAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $248074.68    | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1293036.66   | 0.27%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP MF REVENUE    | Utah Housing Corp                                                                | CUSIP: 917434DF6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013423.40   | 0.43%             | 2043-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592029BU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $369414.85    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHINGLE CREEK AT BRONSON CDD F | Shingle Creek at Bronson Community Development District                          | CUSIP: 82459NAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49499.62     | 0.01%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EPPERSON N CDD FL CAPITAL IMPT | Epperson North Community Development District                                    | CUSIP: 29429VAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98330.52     | 0.02%             | 2026-11-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                         | CUSIP: 04052BPJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $414264.80    | 0.09%             | 2031-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F | County of Montgomery OH                                                          | CUSIP: 613518CS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $351365.24    | 0.07%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046270.70   | 0.22%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELL POINT CMNTY DEV DIST FL  | Shell Point Community Development District                                       | CUSIP: 822666AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $750803.85    | 0.16%             | 2029-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY KS UNIF SCH DIST# | Johnson County Unified School District No 512 Shawnee Mission                    | CUSIP: 478740RV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2661428.95   | 0.56%             | 2028-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO | Mississippi Business Finance Corp                                                | CUSIP: 60528ABM5<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1850000.00   | 0.39%             | 2030-12-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447TUP6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1236543.81   | 0.26%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAB3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260560.78    | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009SD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $440640.84    | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA REDEV & HSG AU | Fairfax County Redevelopment & Housing Authority                                 | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2592265.75   | 0.55%             | 2045-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| V-DANA CDD FL SPL ASSMNT       | V-Dana Community Development District                                            | CUSIP: 91822RAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $407956.14    | 0.09%             | 2032-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57584XHU8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    580000 | PA      | $590481.41    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION CNTY OR HOSP FAC AUTH    | Union County Hospital Facility Authority                                         | CUSIP: 906420BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101271.58    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON CNTY TX MUNI UTILITY | Galveston County Municipal Utility District No 54                                | CUSIP: 36422REA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $532902.38    | 0.11%             | 2027-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45204EET1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    225000 | PA      | $233358.84    | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA      | Municipal Electric Authority of Georgia                                          | CUSIP: 626207Y99<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511725.75    | 0.11%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65821DYB1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    375000 | PA      | $376560.34    | 0.08%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX HSG TRUST PUBLI | San Antonio Housing Trust Public Facility Corp                                   | CUSIP: 79626VAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2086577.26   | 0.44%             | 2029-07-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638THY2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1062123.99   | 0.22%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190QG0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    450000 | PA      | $465977.48    | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE        | City of Atlanta GA Department of Aviation                                        | CUSIP: 04780MXF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042348.80   | 0.43%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA                 | City of Los Angeles CA                                                           | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024104.70   | 0.22%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYS CNTY TX                   | County of Hays TX                                                                | CUSIP: 421020ZC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000682.00   | 0.42%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECON DEV R | Indiana Finance Authority                                                        | CUSIP: 45505RBN4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    950000 | PA      | $950437.29    | 0.20%             | 2028-05-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| ADAMS CNTY PA GEN AUTH REV     | Adams County General Authority                                                   | CUSIP: 006114AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1192692.48   | 0.25%             | 2029-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA | New Hampshire Health and Education Facilities Authority Act                      | CUSIP: 64461XLP8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    300000 | PA      | $328077.75    | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #80 | City of Las Vegas NV Special Improvement District Nos 808 & 810                  | CUSIP: 51778DBG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240167.66    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX           | City of Roseville CA                                                             | CUSIP: 777870P75<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85587.66     | 0.02%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP  | New York City Housing Development Corp                                           | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2260264.87   | 0.48%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| MCCLAIN CNTY OK INDEP SCH DIST | McClain County Independent School District No 1 Newcastle                        | CUSIP: 579476DA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019711.40   | 0.22%             | 2026-07-01      | Fixed         | 5.00%                 | 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        |    100000 | PA      | $105586.87    | 0.02%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                             | CUSIP: 880461FU7<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1490088.21   | 0.32%             | 2030-07-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY ST PER | New York State Housing Finance Agency                                            | CUSIP: 649870NF5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503961.05    | 0.11%             | 2054-06-15      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45204EEW4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057489.20   | 0.44%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182PH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004764.50   | 0.21%             | 2031-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA CMNTY FACS DIST #64 | City of Ontario CA Community Facilities District No 64                           | CUSIP: 68305GAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530688.70    | 0.11%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                             | CUSIP: 167593E57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $532556.23    | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA HOSP AUTH     | Columbia County Hospital Authority/GA                                            | CUSIP: 197479AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259684.45    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074343.80   | 0.23%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POLL CONTRO | Public Finance Authority                                                         | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4210000 | PA      | $4219500.29   | 0.89%             | 2046-10-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999350.90    | 0.21%             | 2049-04-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEL2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2108056.40   | 0.45%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65820HN90<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3467943.02   | 0.73%             | 2051-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH FAC R | Indiana Finance Authority                                                        | CUSIP: 45471CCD8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1567379.79   | 0.33%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECON DEV A | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703DAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003258.80   | 0.21%             | 2033-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TX MUNI UTILIT | Williamson County Municipal Utility District No 10                               | CUSIP: 97000PGY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $759656.18    | 0.16%             | 2026-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635H3V9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    485000 | PA      | $510904.04    | 0.11%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN | City of Celina TX                                                                | CUSIP: 15114CKA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310797.84    | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    680000 | PA      | $687957.97    | 0.15%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY N W WA ELEC REVENUE     | Energy Northwest                                                                 | CUSIP: 29270C4E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $122694.88    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TCC9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1215861.80   | 0.26%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                          | CUSIP: 041806MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253177.50    | 0.05%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH        | Bartow County Development Authority                                              | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255311.08    | 0.05%             | 2032-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                       | CUSIP: 167501WF8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81317.53     | 0.02%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                         | CUSIP: 04052BGP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1035422.10   | 0.22%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452153EU9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263862.80    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GULFPORT MS HOSP FAC REVENUE   | City of Gulfport MS                                                              | CUSIP: 402682CS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $730245.31    | 0.15%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX HSG FIN CORP   | Tarrant County Housing Finance Corp                                              | CUSIP: 876394UP0<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1858004.22   | 0.39%             | 2043-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REVENU | Public Finance Authority                                                         | CUSIP: 74442CDE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243017.20    | 0.05%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638THB2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325352.43    | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RSDL CMNTY DEV  | LTC Ranch West Residential Community Development District                        | CUSIP: 50218SAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131762.64    | 0.03%             | 2031-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FBT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021003.00   | 0.22%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                                        | CUSIP: 45506ENM1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    570000 | PA      | $584011.34    | 0.12%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD | Virginia Beach Development Authority                                             | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1566197.97   | 0.33%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH   | South Dakota Housing Development Authority                                       | CUSIP: 83756CTT2<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    990000 | PA      | $987962.38    | 0.21%             | 2025-11-01      | Fixed         | 2.80%                 | 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        |   1500000 | PA      | $1501724.10   | 0.32%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                              | CUSIP: 13058TPY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351746.08    | 0.07%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO | Development Authority of Burke County/The                                        | CUSIP: 121342MW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.21%             | 2049-07-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SOL WST D | New Hampshire Business Finance Authority                                         | CUSIP: 63608RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998438.80   | 0.42%             | 2033-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU | City of Princeton TX                                                             | CUSIP: 742400CY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301331.34    | 0.06%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN | California Pollution Control Financing Authority                                 | CUSIP: 130536QW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1307008.48   | 0.28%             | 2040-11-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES | Board of Regents of the University of Texas System                               | CUSIP: 91514AFJ9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1651527.41   | 0.35%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP  | Charlotte-Mecklenburg Hospital Authority/The                                     | CUSIP: 160853MS3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.32%             | 2037-01-15      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 57421CHW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.42%             | 2055-07-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO | Mississippi Business Finance Corp                                                | CUSIP: 60528ABH6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1330000.00   | 0.28%             | 2030-12-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL HSG FIN A | Hillsborough County Housing Finance Authority                                    | CUSIP: 43232EDD8<br>LEI: 5493003JJ1KK4FWWU787 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251562.25   | 0.26%             | 2043-01-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| BERRY BAY CDD FL SPL ASSMNT RE | Berry Bay Community Development District                                         | CUSIP: 08577CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54514.33     | 0.01%             | 2026-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEV  | California Statewide Communities Development Authority                           | CUSIP: 13077EKG4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80039.63     | 0.02%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH AR | Raleigh Durham Airport Authority                                                 | CUSIP: 751073LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527133.20   | 0.32%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041ZV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089673.60   | 0.23%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI | Dallas Fort Worth International Airport                                          | CUSIP: 23503CCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527306.15    | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH       | Development Authority of Appling County                                          | CUSIP: 038315EV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.42%             | 2041-09-01      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| EDGEWATER EAST CDD FL SPL ASSM | Edgewater East Community Development District                                    | CUSIP: 280286AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $409749.96    | 0.09%             | 2027-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH   | Ohio Air Quality Development Authority                                           | CUSIP: 677525WR4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990332.70    | 0.21%             | 2026-02-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    490000 | PA      | $493600.81    | 0.10%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PARRISH LAKES CDD CAPITAL IMPT | Parrish Lakes Community Development District                                     | CUSIP: 70183FAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $425042.06    | 0.09%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1359540.00   | 0.29%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049394.80   | 0.22%             | 2053-02-01      | Variable      | 5.25%                 | 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      | $1056049.00   | 0.22%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LDC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.42%             | 2053-10-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV | Arizona Industrial Development Authority                                         | CUSIP: 04052EAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1408512.46   | 0.30%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                                        | CUSIP: 64577B6K5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057886.40   | 0.44%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WAUCONDA IL SPL SVC AREA #1 SP | Wauconda Special Service Area No 1                                               | CUSIP: 942816AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000858.70   | 0.21%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA ECON DEV AUTH  | Henrico County Economic Development Authority                                    | CUSIP: 42605QFZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $618850.98    | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790MD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $982085.33    | 0.21%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $342925.05    | 0.07%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                  | State of New Jersey                                                              | CUSIP: 646039ZA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1906498.00   | 0.40%             | 2029-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU | Philadelphia Gas Works Co                                                        | CUSIP: 7178238L5<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    830000 | PA      | $846340.79    | 0.18%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                 | CUSIP: 13032UJ82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250459.00   | 0.26%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY D | City & County of San Francisco CA Special Tax District No 2020-1                 | CUSIP: 79771HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145681.59    | 0.03%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                               | CUSIP: 735389B56<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032697.90   | 0.22%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALTLEAF CDD FL CAPITAL IMPT R | Saltleaf Community Development District                                          | CUSIP: 79575MAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $456719.94    | 0.10%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO | Development Authority of Burke County/The                                        | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.17%             | 2052-11-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH AR | Raleigh Durham Airport Authority                                                 | CUSIP: 751073LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1604903.17   | 0.34%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638THX4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1012003.94   | 0.21%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $742256.41    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAK POINT TX SPL ASSMNT REVENU | City of Oak Point TX                                                             | CUSIP: 67176TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199704.12    | 0.04%             | 2031-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH EDUCTN | Tulsa County Industrial Authority                                                | CUSIP: 89952PHH1<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    835000 | PA      | $924742.79    | 0.20%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                          | CUSIP: 73358WZF4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1183105.05   | 0.25%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH   | Ohio Air Quality Development Authority                                           | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    765000 | PA      | $776054.94    | 0.16%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST ASSOCIATED MUNI PWR SY | Utah Associated Municipal Power Systems                                          | CUSIP: 917328RU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045473.80   | 0.22%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576FM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1344891.08   | 0.28%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN CNTY OK EDUCTNL FACS  | Canadian County Educational Facilities Authority                                 | CUSIP: 135521CY6<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567703.10   | 0.33%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE | Maryland Community Development Administration                                    | CUSIP: 20364NCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3032833.50   | 0.64%             | 2029-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE | Salem Hospital Facility Authority                                                | CUSIP: 794458GE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $262389.24    | 0.06%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KINGSTON ONE CDD FL SPL ASSMNT | Kingston One Community Development District                                      | CUSIP: 496631AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006851.40   | 0.21%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAE7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262519.90    | 0.06%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU | County of Berkeley SC                                                            | CUSIP: 084220AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244669.73    | 0.05%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                       | CUSIP: 544445JD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $768066.22    | 0.16%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND VA REDEV & HSG AUTH M | Richmond Redevelopment & Housing Authority                                       | CUSIP: 76543PBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012411.00   | 0.43%             | 2046-09-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| BOONE CNTY KY POLL CONTROL REV | County of Boone KY                                                               | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008901.40   | 0.21%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $662482.70    | 0.14%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CROSS CREEK N CDD FL SPL ASSMN | Cross Creek North Community Development District                                 | CUSIP: 227521AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $234866.54    | 0.05%             | 2027-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T | Territory of Guam                                                                | CUSIP: 40065NCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259132.73    | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DODGE CITY KS                  | City of Dodge City KS                                                            | CUSIP: 256309J97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001061.70   | 0.21%             | 2025-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R | Central Texas Regional Mobility Authority                                        | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1144858.95   | 0.24%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO | California Municipal Finance Authority                                           | CUSIP: 13049SCG7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    525000 | PA      | $525448.40    | 0.11%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY | Fort Bend County Municipal Utility District No 184                               | CUSIP: 34682XDY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $309002.06    | 0.07%             | 2028-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                                        | CUSIP: 45506DA96<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55112.59     | 0.01%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1897414.99   | 0.40%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDCITY IMPT DIST AL SPL ASSMN | MidCity Improvement District                                                     | CUSIP: 59564KAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195587.50    | 0.04%             | 2027-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MUNI ENERGY AGY OF NEBRASKA    | Municipal Energy Agency of Nebraska                                              | CUSIP: 625914JT4<br>LEI: N31S7V1JSNSIMBEEGT03 | Long             | DBT              | MUN               | US        |    400000 | PA      | $411309.16    | 0.09%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772KB99<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    525000 | PA      | $566950.23    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN SIMEON CMNTY DEV DIST FL S | San Simeon Community Development District                                        | CUSIP: 799528AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $821497.66    | 0.17%             | 2031-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637AKX9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000893.00   | 0.21%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062190.10   | 0.22%             | 2028-10-01      | 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: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004578.80   | 0.42%             | 2034-07-15      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| OWENSBORO KY WTR REVENUE       | City of Owensboro KY Water Revenue                                               | CUSIP: 691106MC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1862981.39   | 0.39%             | 2031-09-15      | Fixed         | 3.50%                 | 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        |   1050000 | PA      | $1050432.60   | 0.22%             | 2028-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224RU5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1418960.85   | 0.30%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GIR EAST CDD FL CAPITAL IMPT R | GIR East Community Development District                                          | CUSIP: 37611TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498942.65    | 0.11%             | 2032-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PADUCAH KY ELEC PLANT BRD REVE | Paducah Electric Plant Board                                                     | CUSIP: 695317DS3<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1223387.23   | 0.26%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH    | Connecticut Housing Finance Authority                                            | CUSIP: 20774WY39<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1370559.78   | 0.29%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH  | Chester County Industrial Development Authority                                  | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026849.40   | 0.43%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE | Chicago Midway International Airport                                             | CUSIP: 167562TE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2148180.00   | 0.45%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHELPS CNTY MO HOSP REVENUE    | County of Phelps MO                                                              | CUSIP: 717252CQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $489301.70    | 0.10%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN | California Pollution Control Financing Authority                                 | CUSIP: 130536LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023250.60   | 0.43%             | 2031-07-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST INTERLOCAL SCH TRA | Kentucky Interlocal School Transportation Association                            | CUSIP: 491325NV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1101326.09   | 0.23%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP   | New York Energy Finance Development Corp                                         | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1955738.06   | 0.41%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR SWR SYS REVENUE    | City of Portland OR Sewer System Revenue                                         | CUSIP: 736742ZK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023247.00   | 0.43%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G | Central Plains Energy Project                                                    | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1593095.10   | 0.34%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRADITIONS CO MET DIST #2      | Traditions Metropolitan District No 2                                            | CUSIP: 892684AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1080449.24   | 0.23%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TX    | Westpointe Special Improvement District                                          | CUSIP: 96124RBN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $383258.82    | 0.08%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                         | CUSIP: 04052BHC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $747153.51    | 0.16%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99770.62     | 0.02%             | 2026-07-01      | 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        |   1250000 | PA      | $1335138.63   | 0.28%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV | City of Farmington NM                                                            | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025267.40   | 0.43%             | 2040-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| LOWRY CROSSING TX SPL ASSMNT R | City of Lowry Crossing TX                                                        | CUSIP: 54877WAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $653637.73    | 0.14%             | 2030-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1201041.34   | 0.25%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81 | City of Las Vegas NV Special Improvement District No 816                         | CUSIP: 51779AAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $220976.82    | 0.05%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH EDUCTN | Tulsa County Industrial Authority                                                | CUSIP: 89952PHG3<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    375000 | PA      | $412243.31    | 0.09%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL  | Babcock Ranch Community Independent Special District                             | CUSIP: 05616KBK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $128509.30    | 0.03%             | 2026-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447T2Y8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1897137.59   | 0.40%             | 2043-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    135000 | PA      | $133241.92    | 0.03%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| PINE ISLE CMNTY DEV DIST FL SP | Pine Isle Community Development District                                         | CUSIP: 72265AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $83796.24     | 0.02%             | 2026-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257954.85    | 0.05%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                                   | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3420765.57   | 0.72%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TIMBER CREEK SOUTHWEST CDD FL  | Timber Creek Southwest Community Development District                            | CUSIP: 88707RAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $215887.21    | 0.05%             | 2026-12-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL  | Babcock Ranch Community Independent Special District                             | CUSIP: 05616KBP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110388.34    | 0.02%             | 2027-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH POLLUTION | New Hampshire Business Finance Authority                                         | CUSIP: 63609YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1190465.00   | 0.25%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN | City of Celina TX                                                                | CUSIP: 15114CKC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $335007.60    | 0.07%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031WH2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    650000 | PA      | $649225.14    | 0.14%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER AL GAS DIST GAS PROJ REV | Lower Alabama Gas District/The                                                   | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2474755.74   | 0.52%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F | County of Montgomery OH                                                          | CUSIP: 613518CT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $379722.28    | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST CAPITAL FACS | North Carolina Capital Facilities Finance Agency                                 | CUSIP: 65818PNJ4<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    400000 | PA      | $419915.24    | 0.09%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                               | CUSIP: 735389XG8<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506111.85    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                        | CUSIP: 442349FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320805.99    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE HEIGHTS CDD FL SPL ASSESSM | Heights Community Development District                                           | CUSIP: 88339EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $667793.33    | 0.14%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEA6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    800000 | PA      | $811496.88    | 0.17%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH A | Kansas City Industrial Development Authority                                     | CUSIP: 48504NBV0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074346.60   | 0.23%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    234000 | PA      | $219304.80    | 0.05%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                        | CUSIP: 442349AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211440.32    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTSIDE HAINES CITY CDD SPL A | Westside Haines City Community Development District                              | CUSIP: 96150AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64437.63     | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD | New York State Housing Finance Agency                                            | CUSIP: 64987JY62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3145522.50   | 0.67%             | 2042-05-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| SAND CREEK CO MET DIST         | Sand Creek Metropolitan District                                                 | CUSIP: 799712DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498132.70    | 0.11%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON CNTY VA INDL DEV AUT | Arlington County Industrial Development Authority                                | CUSIP: 04144PDW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018827.20   | 0.43%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL CNTY TX MUNI UTIL DIS | Rockwall County Municipal Utility District No 8                                  | CUSIP: 77427LFK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $341098.61    | 0.07%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** First Trust Exchange-Traded Fund III

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer