# EDGAR Filing Document

**Accession Number:** 0001450011
**File Stem:** 0001099263-26-003080
**Filing Date:** 2026-3
**Character Count:** 147334
**Document Hash:** ded44859697a68bd906e103b928c9a71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-003080.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001099263-26-003080

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO ETF Trust
- **CENTRAL INDEX KEY:** 0001450011

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22250
- **FILM NUMBER:** 26705899

**BUSINESS ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949.720.6000

**MAIL ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Series and Classes Contracts Data

### PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Series ID: S000026754)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000080244 | PIMCO Short Term Municipal Bond Active Exchange-Traded Fund | SMMU            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO ETF Trust

- **b. Investment Company Act file number:** 811-22250

- **c. CIK number of Registrant:** 0001450011

- **d. LEI of Registrant:** 5493004M9TBGFQUJ6D27

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (888) 400-4383

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

- **a. Name of Series:** PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

- **b. EDGAR series identifier (if any):** S000026754

- **c. LEI of Series:** 549300XQEZTTWLOMJR40

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $978169305.32

**Total Liabilities:** $2616025.03

**Net Assets:** $975553280.29

**Cash Not Reported:** $2460793.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 12906.560000 | **1-Year:** 67280.942700 | **5-Year:** 114076.399300 | **10-Year:** 34022.870300 | **30-Year:** 0.000000

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

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000080244 | 0.14%                | 0.24%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $243159.11               | $-1435240.40                               |
| Month 2  | $9914.73                 | $-18613.13                                 |
| Month 3  | $136200.83               | $432308.17                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| YUMA CITY OF                                                            | YUMA AZ PLEDGED REVENUE YUMGEN 07/26 FIXED 5               | CUSIP: 98851WAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1720715.18   | 0.18%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797RA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $300000.00    | 0.03%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN COUNTY OHIO                                                    | FRANKLIN CNTY OH HOSP FACS REV FRAMED 11/26 FIXED 5        | CUSIP: 353187EY9<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    800000 | PA      | $815542.56    | 0.08%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                               | INDIANA FIN AUTH MIDWESTERN DI INDGEN 11/30 FIXED 3        | CUSIP: 45470CAF6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4305639.80   | 0.44%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                    | COLORADO HEALTH FACS AUTH 12/34 5                          | CUSIP: 19648FXS8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2844741.25   | 0.29%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDV AUTH                                            | SAINT PAUL MN HSG   REDEV AUTH 11/28 FIXED 5               | CUSIP: 792909FA6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    600000 | PA      | $618657.54    | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 04/26 0.00000         | CUSIP: 313385VW3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   7000000 | PA      | $6923124.46   | 0.71%             | 2026-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                               | NEW JERSEY ST ECON DEV AUTH RE NJSDEV 03/28 FIXED 5        | CUSIP: 64577XEQ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2312244.22   | 0.24%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF PRINCE GEORGES MD                                             | PRINCE GEORGES CNTY MD PRI 09/26 FIXED 5                   | CUSIP: 741702CP7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    440000 | PA      | $447427.11    | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON INDEPENDENT SCHOOL DISTRICT                                      | DENTON TX INDEP SCH DIST DNNSCD 08/55 ADJUSTABLE VAR       | CUSIP: 249002NL6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117578.00   | 0.22%             | 2055-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MORTGAGE FINANCE AUTHORITY                                   | NEW MEXICO ST MTGE FIN AUTH MF NMSMFH 02/42 ADJUSTABLE VAR | CUSIP: 64719HEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3997956.40   | 0.41%             | 2042-02-01      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/30 FIXED 5        | CUSIP: 888804CF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078683.70   | 0.11%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF MICHIGAN TRUNK LINE REVENUE                                    | MICHIGAN ST TRUNK LINE MISTRN 11/26 FIXED 5                | CUSIP: 5946953U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532753.70   | 0.16%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                             | WASHINGTON ST HSG FIN COMMISSI WASHSG 04/37 FIXED 3.375    | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1321146 | PA      | $1251025.50   | 0.13%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE | NEW YORK CITY NY TRANSITIONAL NYCGEN 05/30 FIXED 5         | CUSIP: 64972JVR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4403510.40   | 0.45%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE DORMITORY AUTHORITY                                      | NEW YORK ST DORM AUTH SALES TA NYSHGR 03/36 FIXED 5        | CUSIP: 64990AFG5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520228.10   | 0.16%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                                               | OREGON ST ORS 05/26 FIXED 5                                | CUSIP: 68609UBT1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1638364.98   | 0.17%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 04/26 0.00000                                | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2900000 | PA      | $2873148.73   | 0.29%             | 2026-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN COUNTY OHIO                                                    | FRANKLIN CNTY OH HOSP FACS REV FRAMED 11/28 FIXED 5        | CUSIP: 353187FA0<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1149939.83   | 0.12%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP SINGLE FAMILY MTG REV                                     | UTAH HSG CORP SF MTGE REVENUE UTSSFH 07/55 FIXED 6.5       | CUSIP: 917437TB1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1592248.26   | 0.16%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT                                                    | CONNECTICUT ST CTS 12/31 FIXED 5                           | CUSIP: 20772KC49<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2839145.75   | 0.29%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT                                                    | CONNECTICUT ST CTS 11/28 FIXED 5                           | CUSIP: 20772KSE0<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1605771.90   | 0.16%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797SE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1299501.67   | 0.13%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 10/35 FIXED 5         | CUSIP: 09182TGM3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4768672.50   | 0.49%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF BURLINGTON KS                                                   | BURLINGTON KS ENVRN IMPT REVEN BURGEN 03/45 ADJUSTABLE VAR | CUSIP: 121822BE9<br>LEI: 549300TTCJ3UTB6QDT32 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5508431.50   | 0.56%             | 2045-03-01      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| STATE OF OREGON DEPARTMENT OF TRANSPORTATION                            | OREGON ST DEPT OF TRANSPRTN GR ODTTRN 05/26 FIXED 5        | CUSIP: 68606UAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008729.10   | 0.10%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST A COOPERATIVE DISTRICT                                 | ENERGY S E AL A COOPERATIVE DI ESDPWR 04/54 ADJUSTABLE VAR | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108064.70   | 0.11%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY                   | WISCONSIN ST HLTH   EDUCTNL FA WISMED 08/54 FLOATING VAR   | CUSIP: 97712JEG4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2489888.00   | 0.26%             | 2054-08-15      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                    | COLORADO ST HLTH FACS AUTH REV COSMED 05/61 FLOATING VAR   | CUSIP: 19648FVM3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4997931.00   | 0.51%             | 2061-05-15      | Floating      | 2.91%                 | No            |                  2 | On Loan: No      |
| MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT                  | MARYLAND CMNTY DEV ADMIN HSG MCDHSG 09/56 FIXED 6.25       | CUSIP: 57419UZU5<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3467216.08   | 0.36%             | 2056-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT                                                    | CONNECTICUT ST CTS 12/30 FIXED 5                           | CUSIP: 20772KC31<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2791768.75   | 0.29%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLESTON EDUCATIONAL EXCELLENCE FINANCE CORP                          | CHARLESTON SC EDUCTNL EXCELLEN CHAEDU 12/27 FIXED 5        | CUSIP: 160131EQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046018.40   | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HIGHER ED & HEALTH                                        | NEW HAMPSHIRE ST HLTH   EDU FA NHSMED 08/32 FIXED 5        | CUSIP: 64461XLQ6<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3368233.80   | 0.35%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                              | MICHIGAN ST FIN AUTH REVENUE MISFIN 04/47 FLOATING VAR     | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2992713.30   | 0.31%             | 2047-04-15      | Floating      | 3.11%                 | No            |                  2 | On Loan: No      |
| VIRGINIA PUBLIC BUILDING AUTHORITY                                      | VIRGINIA ST PUBLIC BLDG AUTH P VASFAC 08/30 FIXED 4        | CUSIP: 928172K20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300845.00   | 0.13%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPORTATION CORPORATION                                | GRAND PARKWAY TRANSPRTN CORP T GPTTRN 10/52 ADJUSTABLE VAR | CUSIP: 38611TDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2599362.00   | 0.27%             | 2052-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUBLIC FACILITIES AUTHORITY                                   | LOUISIANA PUB FACS AUTH REVENU LASFAC 05/30 FIXED 5        | CUSIP: 546399UQ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1948234.68   | 0.20%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY NORTHWEST                                                        | ENERGY N W WA ELEC REVENUE ENEPWR 07/27 FIXED 5            | CUSIP: 29270C6C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5189100.50   | 0.53%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND INDEPENDENT SCHOOL DISTRICT                                   | FORT BEND TX INDEP SCH DIST FORSCD 08/55 ADJUSTABLE VAR    | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14319557.00  | 1.47%             | 2055-08-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)           | SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/28 FIXED 5        | CUSIP: 8371515Z8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2508686.34   | 0.26%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                | NATIONAL FIN AUTH NH SENIOR LI NFADEV 01/26 FIXED 4        | CUSIP: 63608SAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265000.00    | 0.03%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE COUNTY SCHOOL BOARD                                              | ORANGE CNTY FL SCH BRD 08/33 5                             | CUSIP: 684517SR7<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4595566.00   | 0.47%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HOUSING FINANCE AGENCY                                        | MINNESOTA ST HSG FIN AGY MNSHSG 07/55 FIXED 6.25           | CUSIP: 60416UQP3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2238489.86   | 0.23%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL INDEPENDENT SCHOOL DISTRICT                                | LIBERTY HILL TX INDEP SCH DIST LBHSCD 02/27 FIXED 5        | CUSIP: 530574QR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053479.80   | 0.21%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WACO TEXAS EDUCATIONAL FIN CORP REV                                     | WACO TX EDUCTNL FIN CORP REVEN WACEDU 03/26 FIXED 4        | CUSIP: 929833CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $526044.91    | 0.05%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSET LIABILITY COMMISSION                                     | KENTUCKY ST ASSET/LIABILITY CO KSYGEN 09/26 FIXED 5        | CUSIP: 49118NGC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5076089.00   | 0.52%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                       | SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 01/54 ADJUSTABLE VAR | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2538656.16   | 0.26%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COCONINO COUNTY POLLUTION CONT                                          | COCONINO CNTY AZ POLL CONTROLC CCOPOL 03/39 ADJUSTABLE VAR | CUSIP: 191855BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001119.80   | 0.10%             | 2039-03-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 10/55 ADJUSTABLE VAR  | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1936657.80   | 0.20%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS STATE                                                     | MASSACHUSETTS ST SPL OBLG DEDI MASGEN 01/34 FIXED 5.5      | CUSIP: 576002DN6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5870551.00   | 0.60%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                  | OHIO ST AIR QUALITY DEV AUTH OHSDEV 06/33 FIXED 4.75       | CUSIP: 677525WA1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    900000 | PA      | $945514.35    | 0.10%             | 2033-06-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED                                             | HARRIS CNTY TX CULTURAL EDU FA HAREDU 07/54 FIXED 5        | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2130386.00   | 0.22%             | 2054-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY INC                                 | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 06/55 ADJUSTABLE VAR | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3968270.25   | 0.41%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH SYRACUSE CENTRAL SCHOOL DISTRICT                                  | NORTH SYRACUSE NY CENTRL SCH D NSYSCD 07/26 FIXED 4        | CUSIP: 662735PJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3023466.30   | 0.31%             | 2026-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEXAS TURNPIKE SYSTEM                                           | TEXAS ST TRANSPRTN COMMISSION TX TRANSPRTN B REF           | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1511679.12   | 0.15%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FA                                | NEW JERSEY ST HSG   MTGE FIN A NJSHSG 04/56 FIXED 6.5      | CUSIP: 64613ALU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1235998.39   | 0.13%             | 2056-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797RH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3300000 | PA      | $3298092.50   | 0.34%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY                            | WEST VIRGINIA ST ECON DEV AUTH WVSDEV 03/40 ADJUSTABLE VAR | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3034297.80   | 0.31%             | 2040-03-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH INTERNATIONAL AIRPORT                                 | DALLAS FORT WORTH TX INTERNATI DALAPT 11/28 FIXED 5        | CUSIP: 23503CCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2133468.40   | 0.22%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 02/53 ADJUSTABLE VAR  | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    680000 | PA      | $718164.86    | 0.07%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                    | COLORADO ST HLTH FACS AUTH REV COSMED 11/26 FIXED 5        | CUSIP: 19648FWA8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508264.10    | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI HOUSING DEVELOPMENT COMMISSION                                 | MISSOURI ST HSG DEV COMMISSION MOSSFH 05/56 FIXED 6.25     | CUSIP: 60637GKP3<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9521501.10   | 0.98%             | 2056-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HARRIS COUNTY HOUSING FINANCE CORPORATION                               | HARRIS CNTY TX HSG FIN CORP HARMFH 09/43 ADJUSTABLE VAR    | CUSIP: 414158TQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4491477.90   | 0.46%             | 2043-09-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| INLAND EMPIRE TOBACCO SECURITIZATION CORPORATION                        | INLAND EMPIRE CA TOBACCO SECUR INEGEN 06/38 FIXED 3.678    | CUSIP: 45734TAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $581755.62    | 0.06%             | 2038-06-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| KANSAS DEVELOPMENT FINANCE AUTHORITY                                    | KANSAS ST DEV FIN AUTH MF HSG KSSMFH 11/27 ADJUSTABLE VAR  | CUSIP: 48542TBK5<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400808.32   | 0.25%             | 2027-11-01      | Variable      | 3.01%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HOUSING FINANCE AGENCY                                         | OKLAHOMA HSG FIN AGY COLLATERA OKSMFH 10/42 ADJUSTABLE VAR | CUSIP: 67886UAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751094.63    | 0.08%             | 2042-10-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 02/32 FIXED 5                              | CUSIP: 452153KR9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2221358.60   | 0.23%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EP TUSCANY ZARAGOSA PFC                                                 | EP TUSCANY ZARAGOSA PFC TX EPTMFH 12/33 FIXED OID 4        | CUSIP: 29414WAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2506267.50   | 0.26%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN AFFORDABLE PFC INC                                               | AUSTIN TX AFFORDABLE PUBLIC FA AUSFAC 09/28 ADJUSTABLE VAR | CUSIP: 05217TAS3<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1096668.26   | 0.11%             | 2028-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF WHITING INDIANA                                                 | WHITING IN ENVRNMNTL FACS REVE WHGFAC 06/44 ADJUSTABLE VAR | CUSIP: 96634RAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1683125.92   | 0.17%             | 2044-06-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FINANCING AGENCY                                  | PATRIOTS ENERGY GROUP FING AGY PATRIOTS ENERGY GROUP       | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1514131.22   | 0.16%             | 2054-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION        | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/52 ADJUSTABLE VAR | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1909317.41   | 0.20%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA                                                    | DIST OF COLUMBIA DIS 06/30 FIXED 5                         | CUSIP: 25476FWU8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2335483.96   | 0.24%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5600000 | PA      | $5588960.78   | 0.57%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HIGHER ED & HEALTH                                        | NEW HAMPSHIRE ST HLTH   EDU FA NHSMED 08/31 FIXED 5        | CUSIP: 64461XLP8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1369649.70   | 0.14%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 03/26 0.00000         | CUSIP: 313385TV8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   7400000 | PA      | $7354545.50   | 0.75%             | 2026-03-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORPORATION                                | TENNESSEE ENERGY ACQUISITION C TNSUTL 05/52 ADJUSTABLE VAR | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3441642.90   | 0.35%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                              | MICHIGAN FIN AUTH ACT 02/30 5                              | CUSIP: 59447NAF3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1262967.15   | 0.13%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSING AUTHORITY OF THE CITY OF WAYCROSS                               | WAYCROSS GA HSG AUTH MFH REVEN WAYMFH 04/28 ADJUSTABLE VAR | CUSIP: 944140AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1687000 | PA      | $1728424.29   | 0.18%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRAVIS COUNTY HOUSING FINANCE                                           | TRAVIS CNTY TX HSG FIN CORP MF TRAMFH 06/45 ADJUSTABLE VAR | CUSIP: 89438UBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002004.80   | 0.10%             | 2045-06-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| SHAWNEE COUNTY OF                                                       | SHAWNEE CNTY KS MF HSG REVENUE SHAMFH 05/59 ADJUSTABLE VAR | CUSIP: 82056AAA6<br>LEI: 5493007F3P7G61QTP515 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5044691.00   | 0.52%             | 2059-05-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| COLUMBUS COUNTY HOUSING AUTHORITY                                       | COLUMBUS GA HSG AUTH COLMFH 04/28 ADJUSTABLE VAR           | CUSIP: 199123CN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $614361.72    | 0.06%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 02/26 0.00000         | CUSIP: 313385TH9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2100000 | PA      | $2089542.88   | 0.21%             | 2026-02-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HOUSING FINANCE CORPORATION                                     | FLORIDA ST HSG FIN CORP MF MTG FLSMFH 05/28 ADJUSTABLE VAR | CUSIP: 34074HHJ4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1117665.22   | 0.11%             | 2028-05-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                             | MAIN STREET NATURAL GAS INC GA MAIUTL 06/53 ADJUSTABLE VAR | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $791005.20    | 0.08%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI POLL CONTRO PUBPOL 10/46 ADJUSTABLE VAR | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2557770.75   | 0.26%             | 2046-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                | NATIONAL FIN AUTH NH SENIOR LI NFADEV 01/27 FIXED 4        | CUSIP: 63608SAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250728.85    | 0.03%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY INDUSTRIAL DEV                                          | MARICOPA CNTY AZ INDL DEV AUTH MARDEV 01/53 ADJUSTABLE VAR | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509551.85   | 0.15%             | 2053-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MICHIGAN UNIVERSITY                                             | WSTRN MI UNIV WMIHGR 11/28 FIXED 5                         | CUSIP: 958638ZT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7530000 | PA      | $8011410.22   | 0.82%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA INCOME TAX REVENUE                                 | DIST OF COLUMBIA INCOME TAX SE DISGEN 06/27 FIXED 5        | CUSIP: 25477GXT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8289874.40   | 0.85%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDV AUTH                                            | SAINT PAUL MN HSG   REDEV AUTH STPHSG 07/28 FIXED 5        | CUSIP: 792905ED9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5464206.80   | 0.56%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797SG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9100000 | PA      | $9083941.69   | 0.93%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                     | CALIFORNIA ST PUBLIC WKS BRD L CASFAC 11/29 FIXED 5        | CUSIP: 13068XCS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1650334.95   | 0.17%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF CLARK NV                                                      | CLARK CNTY NV CLA 07/31 FIXED 5                            | CUSIP: 180848L84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2330611.40   | 0.24%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF COLORADO                                                  | UNIV OF COLORADO CO ENTERPRISE UCOHGR 10/28 FIXED 5        | CUSIP: 91417NHV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5490000 | PA      | $5866803.95   | 0.60%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST BAY MUNICIPAL UTILITY DISTRICT WATER SYSTEM REVENUE                | EAST BAY CA MUNI UTILITY DIST EBYWTR 06/28 FIXED 5         | CUSIP: 271014T77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8566916.80   | 0.88%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                             | MAIN STREET NATURAL GAS INC GA MAIUTL 09/52 ADJUSTABLE VAR | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024497.50   | 0.11%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN COUNTY OHIO                                                    | FRANKLIN CNTY OH HOSP FACS REV FRAMED 11/42 ADJUSTABLE VAR | CUSIP: 353187EW3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.53%             | 2042-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/49 FLOATING VAR   | CUSIP: 57584YPF0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750637.53   | 0.18%             | 2049-07-01      | Floating      | 2.96%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN REVS                                     | KENTUCKY ST PROPERTY   BLDGS C KYSFAC 06/31 FIXED 5        | CUSIP: 49151FU24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $560399.60    | 0.06%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY AREA TRANSPORTATION AUTHORITY                               | KANSAS CITY MO AREA TRANSPRTN KANTRN 10/45 ADJUSTABLE VAR  | CUSIP: 484883AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4226011.39   | 0.43%             | 2045-10-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF NORTH TEXAS SYSTEM                                        | UNIV OF N TEXAS UNIV REVENUE UNNHGR 04/27 FIXED 5          | CUSIP: 914729XC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062464.40   | 0.21%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCING CORPORATION                                | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/26 FIXED 5        | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4789569.40   | 0.49%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA HOUSING FINANCE AUTHORITY                                       | ALABAMA ST HSG FIN AUTH MF HSG ALSMFH 02/29 ADJUSTABLE VAR | CUSIP: 01030PGZ3<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    840000 | PA      | $873536.24    | 0.09%             | 2029-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI HOUSING DEVELOPMENT COMMISSION                                 | MISSOURI ST HSG DEV COMMISSION MOSSFH 05/56 FIXED 6        | CUSIP: 60637GMG1<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3324747.60   | 0.34%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EAGLE COUNTY HOUSING & DEVELOPMENT AUTHORITY                            | EAGLE CNTY CO HSG   DEV AUTH M EAGMFH 12/45 ADJUSTABLE VAR | CUSIP: 26947XAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3771378.38   | 0.39%             | 2045-12-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| IDAHO HOUSING AND FINANCE ASSOCIATION                                   | IDAHO ST HSG   FIN ASSN MF HSG IDSMFH 06/50 ADJUSTABLE VAR | CUSIP: 45129XBE7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3623750.64   | 0.37%             | 2050-06-10      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797SF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2800000 | PA      | $2797006.69   | 0.29%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HOUSING DEVELOPMENT AUTHORITY                                  | ILLINOIS ST HSG DEV AUTH MF HS ILSMFH 10/27 ADJUSTABLE VAR | CUSIP: 45203LET6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026852.60   | 0.21%             | 2027-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY                         | ALLEGHENY CNTY PA HOSP DEV AUT ALLMED 11/47 FLOATING VAR   | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4956163.50   | 0.51%             | 2047-11-15      | Floating      | 3.06%                 | No            |                  2 | On Loan: No      |
| THF PUBLIC FACILITY CORPORATION                                         | THF PUBLIC FAC CORP MF HSG REV THFMFH 02/44 ADJUSTABLE VAR | CUSIP: 883720AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1594047.15   | 0.16%             | 2044-02-01      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY                             | NEW YORK CITY NY INDL DEV AGY NYCDEV 10/42 ADJUSTABLE VAR  | CUSIP: 64971PJR7<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |  17100000 | PA      | $17100000.00  | 1.75%             | 2042-10-01      | Variable      | 0.30%                 | No            |                  2 | On Loan: No      |
| DOUGLAS COUNTY HOUSING AUTHORITY                                        | DOUGLAS CNTY GA HSG AUTH MF RE DOUMFH 10/28 ADJUSTABLE VAR | CUSIP: 259028AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032894.80   | 0.11%             | 2028-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY OF                                                        | NEW YORK NY NYC 04/42 ADJUSTABLE VAR                       | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6300000.00   | 0.65%             | 2042-04-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY STATE                                                        | NEW JERSEY ST NJS 06/28 FIXED 5                            | CUSIP: 646039YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117418.60   | 0.22%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HOUSING FINANCE CORPORATION                                     | FLORIDA ST HSG FIN CORP MF MTG FLSMFH 11/42 ADJUSTABLE VAR | CUSIP: 34074HHD7<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029808.30   | 0.31%             | 2042-11-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 02/26 0.00000                                | CUSIP: 912797SQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1195407.94   | 0.12%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KANSAS DEVELOPMENT FINANCE AUTHORITY                                    | KANSAS ST DEV FIN AUTH MF HSG KSSMFH 09/28 ADJUSTABLE VAR  | CUSIP: 48542TBM1<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031295.90   | 0.11%             | 2028-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY INDUSTRIAL DEV                                          | MARICOPA CNTY AZ INDL DEV AUTH MARDEV 01/53 ADJUSTABLE VAR | CUSIP: 56682HDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2982483.17   | 0.31%             | 2053-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                       | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5        | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1717796.32   | 0.18%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FLA INDL DEV AUTH INDL DEV REV                                 | LEE CNTY FL INDL DEV AUTH HOSP LEIMED 04/33 ADJUSTABLE VAR | CUSIP: 52350LAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000948.20   | 0.10%             | 2033-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 11/47 ADJUSTABLE VAR | CUSIP: 676900XP3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1161785.43   | 0.12%             | 2047-11-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                             | MAIN STREET NATURAL GAS 12/54 1                            | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $802907.70    | 0.08%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                 | CALIFORNIA ST INFRASTRUCTURE CASDEV 12/50 FLOATING VAR     | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998606.30    | 0.10%             | 2050-12-01      | Floating      | 3.06%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 01/26 0.00000         | CUSIP: 313385SL1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3900000 | PA      | $3888624.99   | 0.40%             | 2026-01-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA HOUSING DEVELOPMENT FUND                                  | WEST VIRGINIA ST HSG DEV FUND WVSMFH 12/27 ADJUSTABLE VAR  | CUSIP: 956629AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4954000 | PA      | $5044310.92   | 0.52%             | 2027-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT SPECIAL TAX REVENUE                                | CONNECTICUT ST SPL TAX OBLIG R CTSGEN 07/27 FIXED 5        | CUSIP: 207758J46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037670.20   | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COBB COUNTY KENNESTONE HOSPITAL AUTHORITY                               | COBB CNTY GA KENNESTONE HOSP A COBMED 04/29 FIXED 5        | CUSIP: 190813TC9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1742320.29   | 0.18%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY                             | MIAMI DADE CNTY FL HSG FIN AUT MIAMFH 02/44 ADJUSTABLE VAR | CUSIP: 593344CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12595856.25  | 1.29%             | 2044-02-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                     | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/50 FIXED 3.85     | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $681274.19    | 0.07%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| THE DEVELOPMENT AUTHORITY OF BURKE COUNTY                               | BURKE CNTY GA DEV AUTH POLL CO BURPOL 11/53 ADJUSTABLE VAR | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4368932.94   | 0.45%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                       | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5        | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3506588.91   | 0.36%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 02/33 FIXED 5                              | CUSIP: 452153KS7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3359802.60   | 0.34%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 12/53 ADJUSTABLE VAR  | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2155109.80   | 0.22%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                  | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 02/28 FIXED 1.462    | CUSIP: 13080SZP2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3491967.09   | 0.36%             | 2028-02-01      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED                                             | HARRIS CNTY TX CULTURAL EDU FA HAREDU 10/31 FIXED 5        | CUSIP: 414009SU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $899400.32    | 0.09%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE                                                        | WASHINGTON ST WAS 07/33 FIXED 5                            | CUSIP: 93974DTV0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.31%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARTOW COUNTY DEVELOPMENT AUTHORITY                                     | BARTOW CNTY GA DEV AUTH BTWPOL 09/29 FIXED 1.8             | CUSIP: 069643BL7<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2782288.50   | 0.29%             | 2029-09-01      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                    | COLORADO ST HLTH FACS AUTH REV COSMED 11/58 ADJUSTABLE VAR | CUSIP: 19648FXD1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057144.80   | 0.11%             | 2058-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY INC                                 | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 01/55 ADJUSTABLE VAR | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    750000 | PA      | $807264.30    | 0.08%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 01/26 0.00000         | CUSIP: 313385RG3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3200000 | PA      | $3199377.79   | 0.33%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 03/26 0.00000                                | CUSIP: 912797RV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3900000 | PA      | $3876343.11   | 0.40%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                            | MICHIGAN ST HSG DEV AUTH MF HS MISMFH 09/27 ADJUSTABLE VAR | CUSIP: 59465FAA8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    560000 | PA      | $561349.26    | 0.06%             | 2027-09-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 05/30 FIXED OID 5.5                        | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   7750000 | PA      | $8296110.73   | 0.85%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT                  | DOWNTOWN REVITALIZATION PUBLIC DTRFAC 06/26 FIXED 5        | CUSIP: 26118TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $706456.87    | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON STATE FACILITIES AUTHORITY                                       | OREGON ST FACS AUTH REVENUE ORSFAC 10/26 FIXED 5           | CUSIP: 68608JYC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $146463.63    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PORT AUTHORITY                                                | LANCASTER OH PORT AUTH GAS REV LANUTL 02/55 ADJUSTABLE VAR | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |    650000 | PA      | $691005.77    | 0.07%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTMORELAND COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                    | WESTMORELAND CNTY PA INDL DEV WESMEC 07/26 FIXED 4         | CUSIP: 960875AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251961.25   | 0.13%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA COUNTY NAVIGATION DIST                                        | MATAGORDA CNTY TX NAV DIST  1 MATPOL 11/29 FIXED 2.6       | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1453862.55   | 0.15%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 02/26 0.00000                                | CUSIP: 912797SJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $448599.48    | 0.05%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                            | MICHIGAN ST HSG DEV AUTH SF MT MISHSG 06/55 FIXED 6.25     | CUSIP: 594654ZT5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    690000 | PA      | $758719.10    | 0.08%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS BAY TRANSPORTATION AUTHORITY SALES TAX REVENUE            | MASSACHUSETTS ST BAY TRANSPRTN MASTRN 07/29 FIXED 5        | CUSIP: 575579R74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1417803.92   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 03/26 0.00000         | CUSIP: 313385UM6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   6600000 | PA      | $6549163.50   | 0.67%             | 2026-03-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVERNMENT NASHVILLE & DAVIDSON COUNTY SPORTS AUTHORITY    | MET GOVT NASHVILLE   DAVIDSONC METFAC 07/29 FIXED 5        | CUSIP: 592090KX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079424.80   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT                                                    | CONNECTICUT ST CTS 12/33 FIXED 5                           | CUSIP: 20772KC64<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5813020.50   | 0.60%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN                                 | MET GOVT NASHVILLE   DAVIDSON METHSG 12/42 ADJUSTABLE VAR  | CUSIP: 592113CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1704292.33   | 0.17%             | 2042-12-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| FRANKLIN COUNTY OHIO                                                    | FRANKLIN CNTY OH REVENUE FRAGEN 12/46 ADJUSTABLE VAR       | CUSIP: 353202FK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500017.15   | 0.36%             | 2046-12-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEXAS REGIONAL MOBILITY AUTHORITY                               | CENTRL TX REGL MOBILITY AUTH R CTXGEN 01/27 FIXED 5        | CUSIP: 155498FU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1125501.41   | 0.12%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF WASHOE NV                                                     | WASHOE CNTY NV WTR FAC REVENUE WASWTR 03/36 ADJUSTABLE VAR | CUSIP: 940865BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024126.60   | 0.21%             | 2036-03-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| INLIVIAN                                                                | INLIVIAN NC MF REVENUE INLMFH 11/58 ADJUSTABLE VAR         | CUSIP: 45753CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5457375.54   | 0.56%             | 2058-11-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                    | COLORADO ST HLTH FACS AUTH REV CO HLTH FACS AUTH A         | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2376018.70   | 0.24%             | 2059-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                         | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR  | CUSIP: 64972GCM4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  15400000 | PA      | $15400000.00  | 1.58%             | 2050-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN COUNTY OHIO                                                    | FRANKLIN CNTY OH HOSP FACS REV FRAMED 11/27 FIXED 5        | CUSIP: 353187EZ6<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    700000 | PA      | $730008.23    | 0.07%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT                  | DOWNTOWN REVITALIZATION PUBLIC DTRFAC 06/27 FIXED 5        | CUSIP: 26118TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515715.25    | 0.05%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HOUSING AND FINANCE ASSOCIATION                                   | IDAHO ST HSG   FIN ASSN SF MTG IDSSFH 01/56 FIXED 6.25     | CUSIP: 45130BCH4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1416600.75   | 0.15%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY                                   | MET TRANSPRTN AUTH NY REVENUE MTATRN 11/32 FLOATING VAR    | CUSIP: 59261AL54<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500108.90   | 0.15%             | 2032-11-01      | Floating      | 3.31%                 | No            |                  2 | On Loan: No      |
| OHIO WATER DEVELOPMENT AUTHORITY WATER POLLUTION CONTROL LOAN FUND      | OHIO ST WTR DEV AUTH WTR POLL OHSPOL 06/33 FIXED 4.75      | CUSIP: 67766WXM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4727571.75   | 0.48%             | 2033-06-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY OF                                                        | NEW YORK NY NYC 06/44 ADJUSTABLE VAR                       | CUSIP: 64966LU41<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.21%             | 2044-06-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| DEKALB COUNTY HOUSING AUTHORITY                                         | DEKALB CNTY GA HSG AUTH MF HSG DEKMFH 04/26 FIXED 3.23     | CUSIP: 240471PK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $430102.94    | 0.04%             | 2026-04-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| LAWRENCEVILLE HOUSING AUTHORITY                                         | LAWRENCEVILLE GA HSG AUTH LAWMFH 10/28 ADJUSTABLE VAR      | CUSIP: 520628AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1670916.95   | 0.17%             | 2028-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF NORTH TEXAS SYSTEM                                        | UNIV OF N TEXAS UNIV REVENUE UNNHGR 04/28 FIXED 5          | CUSIP: 914729XD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580683.20   | 0.16%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND POWER AUTHORITY                                             | LONG ISLAND NY PWR AUTH ELEC S LSLPWR 09/55 ADJUSTABLE VAR | CUSIP: 542691LD0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3908843.25   | 0.40%             | 2055-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| COBB COUNTY KENNESTONE HOSPITAL AUTHORITY                               | COBB CNTY GA KENNESTONE HOSP A COBMED 04/30 FIXED 5        | CUSIP: 190813TD7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1640390.10   | 0.17%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                        | PENNSYLVANIA ST TURNPIKE COMMI PA TPK REV REF              | CUSIP: 709225LZ7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2417767.45   | 0.25%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                               | INDIANA ST FIN AUTH HLTH SYS R INSMED 10/63 ADJUSTABLE VAR | CUSIP: 45470YGE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1651830.00   | 0.17%             | 2063-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                               | INDIANA ST FIN AUTH REVENUE INSFIN 11/28 FIXED 5           | CUSIP: 45506EQE6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4577362.04   | 0.47%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACILITIES AUTHORITY                                     | ARIZONA ST HLTH FACS AUTH AZSMED 01/46 FLOATING VAR        | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $944901.54    | 0.10%             | 2046-01-01      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE                   | SAN ANTONIO TX ELEC   GAS REVE SANUTL 12/45 ADJUSTABLE VAR | CUSIP: 79625GDH3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2448339.50   | 0.25%             | 2045-12-01      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| ARLINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                       | ARLINGTON CNTY VA INDL DEV AUT ARLMFH 09/49 ADJUSTABLE VAR | CUSIP: 04144PDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2122297.43   | 0.22%             | 2049-09-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| E-470 PUBLIC HIGHWAY AUTHORITY                                          | E 470 CO PUBLIC HIGHWAY AUTH E 470 PUB HWY AUTH            | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2894985.61   | 0.30%             | 2039-09-01      | Floating      | 3.26%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                 | BAY AREA CA TOLL AUTH TOLL BRI BAYTRN 04/56 FLOATING VAR   | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497991.20   | 0.15%             | 2056-04-01      | Floating      | 2.81%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                               | INDIANA ST FIN AUTH HLTH SYS R INSMED 10/62 ADJUSTABLE VAR | CUSIP: 45470YFL0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098605.40   | 0.22%             | 2062-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING FIN AGY MTG REV                                       | LOUISIANA ST HSG CORP MF HSG R LASMFH 04/28 ADJUSTABLE VAR | CUSIP: 54627CCC5<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044906.40   | 0.21%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MIDWAY INTERNATIONAL AIRPORT                                    | CHICAGO IL MIDWAY ARPT REVENUE CHIAPT 01/29 FIXED 5        | CUSIP: 167562SN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139506.00   | 0.22%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK POWER AUTHORITY                                                | NEW YORK ST PWR AUTH GREEN TRA NYSPWR 11/27 FIXED 5        | CUSIP: 65000XBA7<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1785614.55   | 0.18%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797RK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5900000 | PA      | $5884441.47   | 0.60%             | 2026-01-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 02/26 0.00000                                | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2100000 | PA      | $2092996.46   | 0.21%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                          | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/27 FIXED 5         | CUSIP: 118217CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1153224.91   | 0.12%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI HOME CORPORATION                                            | MISSISSIPPI ST HOME CORP MF RE MSSMFH 06/43 ADJUSTABLE VAR | CUSIP: 60535NDR5<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2258971.65   | 0.23%             | 2043-06-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE | NEW YORK CITY NY TRANSITIONAL NYCGEN 11/36 FIXED 5         | CUSIP: 64972JDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3993575.60   | 0.41%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                        | CALIFORNIA ST CAS 08/32 FIXED 5.25                         | CUSIP: 13062TH72<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1149864.30   | 0.12%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY INC                                 | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 05/36 FIXED 5        | CUSIP: 74440DGL2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5740055.28   | 0.59%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT MI SEWAGE DISPOSAL SYSTEM REVENUE                       | DETROIT MI SWR DISP SYS REVENU DETUTL 07/32 FLOATING VAR   | CUSIP: 251237W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1994280.40   | 0.20%             | 2032-07-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION & SUPPLY CORP III                         | TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/30 FIXED 5         | CUSIP: 88256HBF4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1876296.10   | 0.19%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 03/55 ADJUSTABLE VAR  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2888645.49   | 0.30%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WORTHINGTON CITY SCHOOL DISTRICT                                        | WORTHINGTON OH CITY SCH DIST WORSCD 12/29 ZEROCPNOID 0     | CUSIP: 982038TC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $442393.75    | 0.05%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY OF                                                        | NEW YORK NY NYC 04/42 ADJUSTABLE VAR                       | CUSIP: 64966QWL0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.03%             | 2042-04-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY POLLUTION CTRL                                            | MARICOPA CNTY AZ POLL CONTROLC MARPOL 01/38 ADJUSTABLE VAR | CUSIP: 566854EU5<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3050312.40   | 0.31%             | 2038-01-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| ARLINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                       | ARLINGTON CNTY VA INDL DEV AUT ARLMED 07/53 ADJUSTABLE VAR | CUSIP: 041438HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1730357.60   | 0.18%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY                                | CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/37 ADJUSTABLE VAR  | CUSIP: 160853MS3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.62%             | 2037-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                           | CMNTY DEV ADMIN MD MF DEV REVE COMMFH 01/29 FIXED 3.7      | CUSIP: 20364NDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3499208.04   | 0.36%             | 2029-01-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                              | MICHIGAN ST FIN AUTH REVENUE MISFIN 10/30 ADJUSTABLE VAR   | CUSIP: 59447TU50<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1897420.00   | 0.19%             | 2030-10-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY INC                                 | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 12/50 ADJUSTABLE VAR | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504252.55    | 0.05%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS INDEPENDENT SCHOOL DISTRICT                                      | DALLAS TX INDEP SCH DIST DALSCD 02/55 ADJUSTABLE VAR       | CUSIP: 235308Q63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7470774.50   | 0.77%             | 2055-02-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED                                             | HARRIS CNTY TX CULTURAL EDU FA HAREDU 10/41 ADJUSTABLE VAR | CUSIP: 414009RB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10090000 | PA      | $10090000.00  | 1.03%             | 2041-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HOUSING DEVELOPMENT AUTHORITY                                  | ILLINOIS ST HSG DEV AUTH MF HS ILSMFH 02/29 ADJUSTABLE VAR | CUSIP: 45203LFC2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4754211.83   | 0.49%             | 2029-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI RETMNT FAC PUBFIN 10/26 FIXED 4         | CUSIP: 74444VBG4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    305000 | PA      | $306211.70    | 0.03%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY TURNPIKE AUTHORITY                                           | NEW JERSEY ST TURNPIKE AUTH TU NJSTRN 01/28 FIXED 5        | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3884022.18   | 0.40%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON HEALTH CARE FACILITIES AUTHORITY                             | WASHINGTON ST HLTH CARE FACS A WASMED 10/30 FIXED 5        | CUSIP: 93978HC86<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1531987.38   | 0.16%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY          | SOUTH CAROLINA ST HSG FIN   DE SCSMFH 04/43 ADJUSTABLE VAR | CUSIP: 83712EHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2201656.38   | 0.23%             | 2043-04-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE DORMITORY AUTHORITY                                      | NEW YORK ST DORM AUTH SALES TA NYSHGR 03/35 FIXED 5        | CUSIP: 64990AFF7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4563834.30   | 0.47%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATION                                     | MISSOURI ST HLTH   EDUCTNL FAC MOSMED 05/33 FIXED 5        | CUSIP: 60637AVY5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $3034867.72   | 0.31%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GILBERT ARIZ                                                            | GILBERT AZ GBT 07/28 FIXED 5                               | CUSIP: 375280MC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1516488.85   | 0.16%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF TEXAS                                                          | TEXAS ST TXS 10/44 FIXED 5                                 | CUSIP: 8827242N6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539400.65    | 0.06%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MIDWAY INTERNATIONAL AIRPORT                                    | CHICAGO IL MIDWAY ARPT REVENUE CHIAPT 01/28 FIXED 5        | CUSIP: 167562SM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1534270.18   | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SELMA INDUSTRIAL DEVELOPMENT BOARD                                      | SELMA AL INDL DEV BRD REVENUE SELDEV 11/33 ADJUSTABLE VAR  | CUSIP: 81647PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $727795.96    | 0.07%             | 2033-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| MONTANA BOARD OF HOUSING                                                | MONTANA ST BRD OF HSG MFH REVE MTSHSG 09/28 ADJUSTABLE VAR | CUSIP: 61212VAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1859296.68   | 0.19%             | 2028-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 05/29 FIXED 5                              | CUSIP: 452153JL4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3203788.80   | 0.33%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF NORTH CAROLINA                                                 | NORTH CAROLINA ST GRANT ANTICI NCSGEN 03/30 FIXED 5        | CUSIP: 658268FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5496828.50   | 0.56%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN REVS                                     | KENTUCKY ST PROPERTY   BLDGS C KYSFAC 11/28 FIXED 5        | CUSIP: 49151FNM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1847514.97   | 0.19%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO UNIFIED SCHOOL DISTRICT                                   | SAN FRANCISCO CITY   CNTY CA U SFOSCD 06/26 FIXED 5        | CUSIP: 79771TQU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3061232.85   | 0.31%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH COUNTY SCHOOL DISTRICT NO 40                                  | MULTNOMAH CNTY OR SCH DIST  40 MULSCD 06/27 ZEROCPNOID 0   | CUSIP: 625693HP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $311396.22    | 0.03%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOWARD CNTY MD REV                                                      | HOWARD CNTY MD HOW 02/27 FIXED 5                           | CUSIP: 44256PRP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3084472.80   | 0.32%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 03/26 0.00000         | CUSIP: 313385UE4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   4535000 | PA      | $4503164.30   | 0.46%             | 2026-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH INTERNATIONAL AIRPORT                                 | DALLAS FORT WORTH TX INTERNATI DALAPT 11/28 FIXED 5        | CUSIP: 23503CDQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1600101.30   | 0.16%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORPORATION                              | DALLAS TX HSG FIN CORP DALMFH 10/28 ADJUSTABLE VAR         | CUSIP: 235298BX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $965756.64    | 0.10%             | 2028-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE HOUSING FINANCE AGENCY                                   | NEW YORK ST HSG FIN AGY AFFORD NYSHSG 11/64 ADJUSTABLE VAR | CUSIP: 64987J4L2<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4330747.15   | 0.44%             | 2064-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                         | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/48 ADJUSTABLE VAR  | CUSIP: 64972GCQ5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.48%             | 2048-06-15      | Variable      | 0.15%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                   | MONTGOMERY CNTY PA INDL DEV AU MONDEV 06/29 FIXED 4.1      | CUSIP: 61361TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040188.30   | 0.11%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MID-BAY BRIDGE AUTHORITY                                                | FLORIDA ST MID BAY BRIDGE AUTH FLSTRN 10/26 FIXED 5        | CUSIP: 342814EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2274740.16   | 0.23%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                               | INDIANA ST FIN AUTH POLL CONTR INSPOL 11/30 FIXED 3        | CUSIP: 45505VAD8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2452931.50   | 0.25%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG ECON DEV AUTH                                             | WISCONSIN ST HSG   ECON DEV AU WISMFH 08/58 ADJUSTABLE VAR | CUSIP: 97689RFG4<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020463.80   | 0.21%             | 2058-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY                                  | TRIBOROUGH NY BRIDGE   TUNNEL TRBTRN 03/28 FIXED 5         | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6318623.40   | 0.65%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDV AUTH                                            | SAINT PAUL MN HSG   REDEV AU 11/29 FIXED 5                 | CUSIP: 792909FB4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    550000 | PA      | $567272.04    | 0.06%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HOUSING FINANCE AGENCY                                   | NORTH CAROLINA HSG FIN AGY HOM NCSHSG 07/55 FIXED 6.25     | CUSIP: 65820BBA3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1422022.28   | 0.15%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA                                                          | LEHIGH CNTY PA GEN PURPOSE HOS LEHMED 08/38 FLOATING VAR   | CUSIP: 52480GDC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2329681.32   | 0.24%             | 2038-08-15      | Floating      | 3.46%                 | Yes           |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                    | COLORADO ST HLTH FACS AUTH REV COSMED 12/26 FIXED 2.8      | CUSIP: 19648FRX4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    175000 | PA      | $172032.07    | 0.02%             | 2026-12-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 03/26 0.00000         | CUSIP: 313385UU8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1700000 | PA      | $1685745.50   | 0.17%             | 2026-03-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                        | CALIFORNIA ST CAS 08/29 FIXED 5                            | CUSIP: 13063C6D7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7098779.10   | 0.73%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                  | OHIO ST AIR QUALITY DEV AUTH OHSDEV 09/30 ADJUSTABLE VAR   | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2937891.98   | 0.30%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DURHAM HOUSING AUTHORITY                                                | DURHAM NC HSG AUTH MF HSG REVE DURMFH 04/29 ADJUSTABLE VAR | CUSIP: 266785AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3041869.20   | 0.31%             | 2029-04-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY HOUSING DEVELOPMENT CORP                                  | NEW YORK CITY NY HSG DEV CORP NYCHSG 05/65 ADJUSTABLE VAR  | CUSIP: 64972KLH6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3961335.30   | 0.41%             | 2065-05-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS TOLLWAY AUTHORITY                                           | N TX TOLLWAY AUTH REVENUE NRTTRN 01/27 FIXED 5             | CUSIP: 66285WM78<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2818411.20   | 0.29%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 02/26 0.00000                                | CUSIP: 912797SR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2800000 | PA      | $2787389.11   | 0.29%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA PUBLIC POWER DISTRICT                                          | NEBRASKA ST PUBLIC PWR DIST RE NESPWR 07/28 FIXED 5        | CUSIP: 63968A7W9<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1835173.73   | 0.19%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                        | CALIFORNIA ST HLTH FACS FING A CASMED 10/50 ADJUSTABLE VAR | CUSIP: 13032U4P0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2799624.10   | 0.29%             | 2050-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY & PHOENIX AZ INDL MTG REV                                 | MARICOPA CNTY   PHOENIX AZ IND MARDEV 03/56 FIXED 5.75     | CUSIP: 566736JX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1209387.31   | 0.12%             | 2056-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED                                             | HARRIS CNTY TX CULTURAL EDU FA HAREDU 07/49 ADJUSTABLE VAR | CUSIP: 414009MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2548075.50   | 0.26%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                 | BAY AREA CA TOLL AUTH TOLL BRI BAYTRN 04/56 FLOATING VAR   | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1971553.80   | 0.20%             | 2056-04-01      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO                                                         | CHICAGO IL MF HSG REVENUE CHIMFH 10/28 ADJUSTABLE VAR      | CUSIP: 167570TW0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2811773.44   | 0.29%             | 2028-10-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 03/26 0.00000                                | CUSIP: 912797SC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14878532.55  | 1.53%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SILICON VALLEY CLEAN WATER                                              | SILICON VLY CA CLEAN WTR WSTWT SILWTR 03/26 FIXED 0.5      | CUSIP: 82707BEV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2490006.00   | 0.26%             | 2026-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENGY GAS C        | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2638784.88   | 0.27%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                       | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 05/55 ADJUSTABLE VAR | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3747312.45   | 0.38%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA HOUSING FINANCE AGENCY                                     | NORTH DAKOTA ST HSG FIN AGY NDSMFH 01/56 FIXED 6           | CUSIP: 65889BCG7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1212403.06   | 0.12%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                  | PUERTO RICO SALES TAX FING COR PRCGEN 07/34 FIXED OID 4.5  | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4750000 | PA      | $4750125.40   | 0.49%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WARNER ROBINS HOUSING AUTHORITY RESIDENT COUNCIL CORP                   | WARNER ROBINS GA HSG AUTH WRRHSG 02/29 ADJUSTABLE VAR      | CUSIP: 934604AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $807056.25    | 0.08%             | 2029-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                              | ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/31 FIXED 5          | CUSIP: 45204FL45<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5515336.50   | 0.57%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF HARRIS TX TOLL ROAD REVENUE                                   | HARRIS CNTY TX TOLL ROAD REVEN HARRIS CO A REV             | CUSIP: 41423PDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2338075.35   | 0.24%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUVAL COUNTY PUBLIC SCHOOLS                                             | DUVAL CNTY FL SCH BRD COPS DUVEDU 07/28 FIXED 5            | CUSIP: 267169HN3<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3440101.28   | 0.35%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE                                                        | WASHINGTON ST WAS 07/26 FIXED 4                            | CUSIP: 93974EVV5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007621.40   | 0.10%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                         | KENTUCKY ST ECON DEV FIN AUTH KYSDEV 07/35 FIXED OID 4.25  | CUSIP: 49126PEN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000474.20   | 0.10%             | 2035-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                 | MUNI ELEC AUTH OF GA MELPWR 01/32 FIXED 5                  | CUSIP: 62620HJK9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117152.40   | 0.11%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                        | CALIFORNIA ST CAS 09/31 FIXED 5                            | CUSIP: 13063C2C3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    975000 | PA      | $990096.32    | 0.10%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT SPECIAL TAX REVENUE                                | CONNECTICUT ST SPL TAX OBLIG R CTSGEN 07/29 FIXED 5        | CUSIP: 207758M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3256062.60   | 0.33%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF NORTH TEXAS SYSTEM                                        | UNIV OF N TEXAS UNIV REVENUE UNNHGR 04/29 FIXED 5          | CUSIP: 914729XE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1507302.72   | 0.15%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 10/52 FLOATING VAR    | CUSIP: 09182TAN7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1487189.55   | 0.15%             | 2052-10-01      | Floating      | 2.71%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                             | MAIN STREET NATURAL GAS INC GA MAIUTL 12/52 ADJUSTABLE VAR | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3138321.00   | 0.32%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY                        | PORT OF GTR CINCINNATI DEV AUT PRTDEV 12/34 FIXED 5        | CUSIP: 734195EM8<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    415000 | PA      | $474030.02    | 0.05%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 04/53 ADJUSTABLE VAR  | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8745000 | PA      | $8815628.12   | 0.90%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 03/26 0.00000         | CUSIP: 313385US3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1500000 | PA      | $1487715.00   | 0.15%             | 2026-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGENCY INC                      | FLORIDA INSURANCE ASSISTANCE I FLIGEN 09/26 FIXED 5        | CUSIP: 34074EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1555194.83   | 0.16%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA URBAN RESIDENTIAL FINANCE AUTHORITY                             | ATLANTA GA URBAN RSDL FIN AUTH ATLMFH 10/42 ADJUSTABLE VAR | CUSIP: 04785VBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7317622.20   | 0.75%             | 2042-10-01      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 10/28 FIXED 5                              | CUSIP: 4521526S5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3377882.24   | 0.35%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/54 ADJUSTABLE VAR | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2661109.50   | 0.27%             | 2054-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORPORATION I                | TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/26 FLOATING VAR    | CUSIP: 88256CAX7<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000364.10   | 0.10%             | 2026-12-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| CHAUTAUQUA COUNTY CAPITAL RESOURCE CORP                                 | CHAUTAUQUA CNTY NY CAPITAL RES CHQDEV 04/42 ADJUSTABLE VAR | CUSIP: 16254PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030332.20   | 0.21%             | 2042-04-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE BUILDING AUTHORITY                                       | MICHIGAN ST BLDG AUTH REVENUE MISFAC 10/42 ADJUSTABLE VAR  | CUSIP: 594615HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.10%             | 2042-10-15      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| DENTON INDEPENDENT SCHOOL DISTRICT                                      | DENTON TX INDEP SCH DIST DNNSCD 08/28 FIXED 5              | CUSIP: 249002HQ2<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068074.60   | 0.21%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY                           | PORT AUTH OF NEW YORK   NEW JE PORTRN 11/29 FIXED 5        | CUSIP: 73358WM76<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1161191.98   | 0.12%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                         | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/27 FIXED 5         | CUSIP: 64972GZU1<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250000.00   | 0.13%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED                                             | HARRIS CNTY TX CULTURAL EDU FA HAREDU 07/33 FIXED 5        | CUSIP: 414009SF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6170000 | PA      | $7060427.87   | 0.72%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE DEVELOPMENT AUTHORITY OF BURKE COUNTY                               | BURKE CNTY GA DEV AUTH POLL CO BURPOL 11/52 ADJUSTABLE VAR | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.03%             | 2052-11-01      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                              | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/42 FLOATING VAR     | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997120.70    | 0.10%             | 2042-05-01      | Floating      | 3.06%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT                  | DOWNTOWN REVITALIZATION PUBLIC DTRFAC 06/28 FIXED 5        | CUSIP: 26118TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $711379.33    | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN                                 | MET GOVT NASHVILLE   DAVIDSON METHSG 10/28 ADJUSTABLE VAR  | CUSIP: 592113CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773377.50    | 0.08%             | 2028-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 02/26 0.00000                                | CUSIP: 912797SS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1293256.98   | 0.13%             | 2026-02-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHITTENANGO CENTRAL SCHOOL DISTRICT                                     | CHITTENANGO NY CENTRL SCH DIST CGOSCD 06/26 FIXED 4        | CUSIP: 170214KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5528850.25   | 0.57%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HOUSING FINANCE AGENCY                                         | OKLAHOMA ST HSG FIN AGY SF MTG OKSSFM 09/56 FIXED 6.5      | CUSIP: 67886M2E8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3425162.40   | 0.35%             | 2056-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE                   | SAN ANTONIO TX ELEC   GAS REVE SANUTL 02/55 ADJUSTABLE VAR | CUSIP: 79625GNE9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4517111.70   | 0.46%             | 2055-02-01      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| RICHMOND REDEVELOPMENT AND HOUSING AUTHORITY                            | RICHMOND VA REDEV   HSG AUTH M RICHSG 12/55 ADJUSTABLE VAR | CUSIP: 76543PBC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300406.64   | 0.13%             | 2055-12-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1100000 | PA      | $1098596.11   | 0.11%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                        | CALIFORNIA ST CAS 11/27 FIXED 5                            | CUSIP: 13063DZL5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1312763.75   | 0.13%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HOUSING FINANCE AGENCY                                   | NORTH CAROLINA HSG FIN AGY HOM NCSHSG 01/56 FIXED 6.5      | CUSIP: 65820BCH7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1944421.24   | 0.20%             | 2056-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS                       | TEXAS ST DEPT OF HSG   CMNTY A TXSSFH 01/56 FIXED 6        | CUSIP: 882750G71<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2236721.00   | 0.23%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITY OF AUSTIN TX ELECTRIC UTILITY REVENUE                              | AUSTIN TX ELEC UTILITY SYS REV AUSPWR 11/26 FIXED 5        | CUSIP: 052414WR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041930.60   | 0.21%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF JEFFERSON AL SEWER REVENUE                                    | JEFFERSON CNTY AL SWR REVENUE JEFUTL 10/31 FIXED 5         | CUSIP: 472682ZA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3313807.20   | 0.34%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FHLB)                                           | FED HOME LN DISCOUNT NT DISCOUNT NOT 01/26 0.00000         | CUSIP: 313385RP3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3300000 | PA      | $3297112.50   | 0.34%             | 2026-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP                                                           | TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR   | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1341353.00   | 0.14%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                            | MICHIGAN ST HSG DEV AUTH MF HS MISMFH 09/27 ADJUSTABLE VAR | CUSIP: 59465FAB6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    425000 | PA      | $426024.00    | 0.04%             | 2027-09-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                 | MUNI ELEC AUTH OF GEORGIA MELPWR 01/26 FIXED 5             | CUSIP: 6262077P3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    385000 | PA      | $385000.00    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST LOUIS MO INDL DEV AUTH REV                                           | SAINT LOUIS MO INDL DEV AUTH STLMFH 04/46 ADJUSTABLE VAR   | CUSIP: 791900FX6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1102367.97   | 0.11%             | 2046-04-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING FIN AGY MTG REV                                       | LOUISIANA ST HSG CORP MF HSG R LASMFH 04/28 ADJUSTABLE VAR | CUSIP: 54627CCA9<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2248582.38   | 0.23%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                              | MICHIGAN FIN AUTH ACT 02/29 5                              | CUSIP: 59447NAD8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    900000 | PA      | $954767.43    | 0.10%             | 2029-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY OF                                                        | NEW YORK NY NYC 10/46 ADJUSTABLE VAR                       | CUSIP: 64966MU98<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.03%             | 2046-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| LAS VARAS PUBLIC FACILITY CORPORATION                                   | LAS VARAS PUBLIC FAC CORP TX M LAVMFH 05/43 ADJUSTABLE VAR | CUSIP: 51766AAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6106020.60   | 0.63%             | 2043-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT REGIONAL WATER DISTRICT                                         | TARRANT TX REGL WTR DIST WTR T TARWTR 09/27 FIXED 1.05     | CUSIP: 876448DZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4791138.00   | 0.49%             | 2027-09-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| CITY OF AUSTIN TX ELECTRIC UTILITY REVENUE                              | AUSTIN TX ELEC UTILITY SYS REV AUSPWR 11/28 FIXED 5        | CUSIP: 052414WT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2939179.93   | 0.30%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS STATE TOLL HIGHWAY AUTHORITY                                   | ILLINOIS ST TOLL HIGHWAY AUTH ILSTRN 01/30 FIXED 5         | CUSIP: 452252QJ1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094904.30   | 0.11%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS STATE TOLL HIGHWAY AUTHORITY                                   | ILLINOIS ST TOLL HIGHWAY AUTH ILSTRN 01/31 FIXED 5         | CUSIP: 452252QK8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1395668.00   | 0.14%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONEOYE FALLS-LIMA CENTRAL SCHOOL DISTRICT                              | HONEOYE FALLS LIMA NY CENTRL S HFLSCD 06/26 FIXED 4        | CUSIP: 438209MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006059.10   | 0.10%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH HOUSING AUTHORITY                                               | RALEIGH NC HSG AUTH MF REVENUE RALMFH 09/59 ADJUSTABLE VAR | CUSIP: 751115CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3994579.60   | 0.41%             | 2059-09-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                    | COLORADO ST HLTH FACS AUTH REV COSMED 08/49 ADJUSTABLE VAR | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1702506.14   | 0.17%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE | NEW YORK CITY NY TRANSITIONAL NYCGEN 11/36 ADJUSTABLE VAR  | CUSIP: 64971QV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3800000.00   | 0.39%             | 2036-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| INLIVIAN                                                                | INLIVIAN NC MF REVENUE INLMFH 11/43 ADJUSTABLE VAR         | CUSIP: 45753CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2623377.90   | 0.27%             | 2043-11-10      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                             | WASHINGTON ST HSG FIN COMMISSI WASMFH 04/44 ADJUSTABLE VAR | CUSIP: 93978PPY7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1807439.30   | 0.19%             | 2044-04-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION        | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/64 ADJUSTABLE VAR | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3127972.40   | 0.32%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE INDEPENDENT SCHOOL DISTRICT                                   | NORTHSIDE TX INDEP SCH DIST NSDSCD 06/52 ADJUSTABLE VAR    | CUSIP: 66702RC26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1278283.24   | 0.13%             | 2052-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SEATTLE WA MUNICIPAL LIGHT & POWER REVENUE                      | SEATTLE WA MUNI LIGHT   PWR RE SEAPWR 05/45 FLOATING VAR   | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2984767.80   | 0.31%             | 2045-05-01      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                            | MICHIGAN ST HSG DEV AUTH MF HS MISMFH 05/29 ADJUSTABLE VAR | CUSIP: 59465FAF7<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3491687.50   | 0.36%             | 2029-05-01      | Variable      | 2.92%                 | No            |                  2 | On Loan: No      |
| CITY SCHOOL DISTRICT OF ALBANY                                          | ALBANY NY CITY SCH DIST ALBSCD 06/26 FIXED 4               | CUSIP: 012434SY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4525255.80   | 0.46%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                         | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR  | CUSIP: 64972GRG1<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.41%             | 2050-06-15      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY SCHOOL DISTRICT                                       | PALM BEACH CNTY FL SCH BRD COP PALEDU 08/28 FIXED 5        | CUSIP: 696550L91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3981336.00   | 0.41%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF COLORADO HOSPITAL AUTHORITY                               | UNIV OF COLORADO CO HOSP AUTHR UNIV OF CO HOSP B REF       | CUSIP: 914183BX5<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3840546.16   | 0.39%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF TEXAS                                                          | TEXAS ST TXS 10/43 FIXED 5                                 | CUSIP: 8827242M8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4131955.84   | 0.42%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                         | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/33 ADJUSTABLE VAR  | CUSIP: 64972GZW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.03%             | 2033-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| STARPOINT CENTRAL SCHOOL DISTRICT                                       | STARPOINT NY CENTRL SCH DIST SPTSCD 06/26 FIXED 4          | CUSIP: 855566JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3015619.50   | 0.31%             | 2026-06-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLLEGE PARK HOUSING AUTHORITY                                          | COLLEGE PARK GA HSG AUTH MF HS CLPMFH 04/44 ADJUSTABLE VAR | CUSIP: 194307AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025468.80   | 0.31%             | 2044-04-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE DORMITORY AUTHORITY                                      | NEW YORK ST DORM AUTH ST PERSO NYSHGR 02/28 FIXED 5        | CUSIP: 64990E4V6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4565000 | PA      | $4636789.19   | 0.48%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                 | FREDDIE MAC MULTIFAMILY FRETE 2023 ML20 AUS                | CUSIP: 3137HBCD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   4434947 | PA      | $4489198.37   | 0.46%             | 2040-08-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                 | MUNI ELEC AUTH OF GA MELPWR 01/31 FIXED 5                  | CUSIP: 62620HJJ2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1376525.25   | 0.14%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF CLARK NV                                                      | CLARK CNTY NV CLA 06/30 FIXED 5                            | CUSIP: 180848WY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1557195.40   | 0.16%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 06/49 ADJUSTABLE VAR  | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1551302.61   | 0.16%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARLESTON EDUCATIONAL EXCELLENCE FINANCE CORP                          | CHARLESTON SC EDUCTNL EXCELLEN CHAEDU 12/26 FIXED 5        | CUSIP: 160131EP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021783.40   | 0.10%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS STATE                                                     | MASSACHUSETTS ST MAS 07/35 FIXED 5                         | CUSIP: 57582TDA7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4145559.60   | 0.42%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** PIMCO ETF Trust

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer