# EDGAR Filing Document

**Accession Number:** 0000030126
**File Stem:** 0000894189-26-006740
**Filing Date:** 2026-2
**Character Count:** 196771
**Document Hash:** 366d76cd2c1ad886dd7cf5687655c133
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-006740.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000894189-26-006740

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RMB INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000030126

**ORGANIZATION NAME:**
- **EIN:** 133536115
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00994
- **FILM NUMBER:** 26696158

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE
- **STREET 2:** SUITE 3500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 8008743863

**MAIL ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE
- **STREET 2:** SUITE 3500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BURNHAM INVESTORS TRUST
- **DATE OF NAME CHANGE:** 20000327

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREXEL BURNHAM FUND
- **DATE OF NAME CHANGE:** 19890706

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREXEL EQUITY FUND INC
- **DATE OF NAME CHANGE:** 19751208

## Series and Classes Contracts Data

### RMB Quality Intermediate Tax-Exempt Municipal Fund (Series ID: S000094874)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000263453 | Class I      | RMBVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RMB Investors Trust

- **b. Investment Company Act file number:** 811-00994

- **c. CIK number of Registrant:** 0000030126

- **d. LEI of Registrant:** 549300570F7FXT1I1D59

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

  - **Street Address 1:** One North Wacker Drive

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 800-462-2392

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

- **a. Name of Series:** RMB Quality Intermediate Tax-Exempt Municipal Fund

- **b. EDGAR series identifier (if any):** S000094874

- **c. LEI of Series:** 254900YCMEI5NUATN707

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $102849363.44

**Total Liabilities:** $86063.48

**Net Assets:** $102763299.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2312.841242000000 | **1-Year:** 6233.233364000000 | **5-Year:** 19086.998357000000 | **10-Year:** 16176.745416000000 | **30-Year:** 11.775187000000

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

- **3-Month:** 11.913885000000 | **1-Year:** 177.831792000000 | **5-Year:** 393.912130000000 | **10-Year:** 2.681234000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263453 | 0.63%                | 0.33%                | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $292746.75                                 |
| Month 2  | $0.00                    | $59798.61                                  |
| Month 3  | $0.00                    | $68238.15                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BARREN CNTY KY SCH DIST FIN CO | Barren County School District Finance Corp                                       | CUSIP: 068461UC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5002.82      | 0.00%             | 2034-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99653.87     | 0.10%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99799.42     | 0.10%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOTHELL WA                     | City of Bothell WA                                                               | CUSIP: 101295HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308538.93    | 0.30%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOTHELL WASH COMB UTIL REV     | City of Bothell WA Combined Utility Revenue                                      | CUSIP: 101298AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25003.10     | 0.02%             | 2031-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROKEN ARROW OK                | City of Broken Arrow OK                                                          | CUSIP: 112097WC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65013.03     | 0.06%             | 2029-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUENA VISTA-BETHEL TX SPL UTIL | Buena Vista-Bethel Special Utiltiy District                                      | CUSIP: 119224DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $177027.63    | 0.17%             | 2032-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST BOND CORP FING PRO | Kentucky Bond Corp                                                               | CUSIP: 49120FTF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259124.15    | 0.25%             | 2037-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KING & PIERCE CNTY WA SCH DIST | Auburn School District No 408 of King & Pierce Counties                          | CUSIP: 494619GZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43780.53     | 0.04%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUCAS CNTY OH                  | County of Lucas OH                                                               | CUSIP: 54930LPK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135351.77    | 0.13%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MEADVILLE MO REORG SCH DIST #R | Meadville Reorganized School District No R-4 Linn                                | CUSIP: 583247CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51126.38     | 0.05%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR REVENUE             | City of Medford OR                                                               | CUSIP: 584288GA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207287.56    | 0.20%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MELISSA TX                     | City of Melissa TX                                                               | CUSIP: 585483PD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5002.83      | 0.00%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN GAS SYSTEM REVENUE  | City of Memphis TN Memphis Light Gas & Water Division Gas Revenue                | CUSIP: 58616PAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71462.04     | 0.07%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH DIST    | School Board of Miami-Dade County/The                                            | CUSIP: 59333RKT0<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21937.35     | 0.02%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MITCHELL CNTY IA               | County of Mitchell IA                                                            | CUSIP: 606521HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $378758.21    | 0.37%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA SCH DIST        | Monroe County School District/GA                                                 | CUSIP: 610550CY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66695.94     | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TX MUNI UTILIT | Montgomery County Municipal Utility District No 142                              | CUSIP: 61373CEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5710.67      | 0.01%             | 2033-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ADAMS CNTY IL SCH DIST #172    | Adams County School District No 172                                              | CUSIP: 005824JV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100194.34    | 0.10%             | 2037-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $163305.93    | 0.16%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $98513.22     | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANDERSON-SHIRO TX CONSOL INDEP | Anderson-Shiro Consolidated Independent School District                          | CUSIP: 034078KW4<br>LEI: 549300012DSY6BNSYC22 | Long             | DBT              | MUN               | US        |    370000 | PA      | $368835.46    | 0.36%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARGOS IN CMNTY SCHS BLDG CORP  | Argos Community Schools Building Corp                                            | CUSIP: 040204GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53888.22     | 0.05%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY WTR & SWR REVENUE   | City of Ashland KY Water & Sewer System Revenue                                  | CUSIP: 044330BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220000.86    | 0.21%             | 2031-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AUBURN ME                      | City of Auburn ME                                                                | CUSIP: 050375ZC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253109.98    | 0.25%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUBURN MA                      | Town of Auburn MA                                                                | CUSIP: 050411RM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99999.76     | 0.10%             | 2029-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOULDER CO STORM WTR & FLOOD M | City of Boulder CO Storm Water & Flood Management Revenue                        | CUSIP: 101458CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90017.45     | 0.09%             | 2033-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BURNSVILLE MN                  | City of Burnsville MN                                                            | CUSIP: 1224582R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5042.04      | 0.00%             | 2033-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN CNTY OK INDEP SCH DIS | Canadian County Independent School District No 69 Mustang                        | CUSIP: 135591HR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5003.44      | 0.00%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52303.87     | 0.05%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHAMBERSBURG PA AREA SCH DIST  | Chambersburg Area School District                                                | CUSIP: 157882UX7<br>LEI: 54930064JYU3OJPITC57 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25018.32     | 0.02%             | 2033-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CIRCLE PINES MN                | City of Circle Pines MN                                                          | CUSIP: 172630NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $47175.04     | 0.05%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758XH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104986.41    | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOLIDGE TX INDEP SCH DIST     | Coolidge Independent School District                                             | CUSIP: 216471FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $410708.70    | 0.40%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEFOREST WI                    | Village of DeForest WI                                                           | CUSIP: 240297PR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84780.98     | 0.08%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QVT0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108573.08    | 0.11%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IN STORMWTR MGMT DI | City of Fort Wayne IN Storm Water District Revenue                               | CUSIP: 34929MCM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $297371.89    | 0.29%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR HAZLETON PA JT SWR AUTH    | Greater Hazleton Joint Sewer Authority                                           | CUSIP: 391856ER8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20671.91     | 0.02%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUILDERLAND NY CENTRL SCH DIST | Guilderland Central School District                                              | CUSIP: 401754TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100016.75    | 0.10%             | 2030-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GWINN MI AREA CMNTY SCH DIST   | Gwinn Area Community School District                                             | CUSIP: 403666DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $439994.15    | 0.43%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON HEIGHTS SCH BLDG CORP | Hamilton Heights School Building Corp                                            | CUSIP: 40739PDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10107.59     | 0.01%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRISBURG SD INDEP SCH DIST # | Harrisburg School District No 41-2                                               | CUSIP: 414834VC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15760.09     | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144043.22    | 0.14%             | 2034-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROGERS TX INDEP SCH DIST       | Rogers Independent School District                                               | CUSIP: 775286GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200016.60    | 0.19%             | 2030-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROSSFORD OH EXEMPTED VLG SCH D | Rossford Exempted Village School District                                        | CUSIP: 778425BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $235526.95    | 0.23%             | 2042-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SARATOGA SPRINGS UT WTR REVENU | City of Saratoga Springs UT Water Revenue                                        | CUSIP: 803566BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75105.13     | 0.07%             | 2027-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SHOREWOOD WI                   | Village of Shorewood WI                                                          | CUSIP: 825230RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $334108.57    | 0.33%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH & ISLAND CNTYS WA SC | Snohomish & Island Counties School District No 401 Stanwood-Camano               | CUSIP: 833068MS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5089.38      | 0.00%             | 2033-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S E POLK IA CMNTY SCH DIST     | Southeast Polk Community School District                                         | CUSIP: 841484MC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11065.06     | 0.01%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 052397R73<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    750000 | PA      | $849195.00    | 0.83%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD              | County of Baltimore MD                                                           | CUSIP: 05914GFK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077799.70   | 1.05%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86667.56     | 0.08%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CICERO IN                      | Town of Cicero IN                                                                | CUSIP: 171709DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279496.38    | 0.27%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CINCINNATI OH                  | City of Cincinnati OH                                                            | CUSIP: 172217XL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250174.30    | 0.24%             | 2028-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA MO SPL OBLIG          | City of Columbia MO                                                              | CUSIP: 198045MK9<br>LEI: 549300VPLMZFZSZPNV09 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52009.04     | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 2202452K9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131595.74    | 0.13%             | 2044-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROSSVILLE TN                  | City of Crossville TN                                                            | CUSIP: 227669PE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $434918.26    | 0.42%             | 2035-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD WI JT SCH DIST #1     | Hartford Joint School District No 1                                              | CUSIP: 416791GP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95373.32     | 0.09%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HINGHAM MA                     | Town of Hingham MA                                                               | CUSIP: 433344XP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5561.64      | 0.01%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH  | Illinois State Toll Highway Authority                                            | CUSIP: 452252LF4<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200151.94    | 0.19%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REVENUE | Kansas Development Finance Authority                                             | CUSIP: 48542RQA5<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53966.32     | 0.05%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST BOND CORP FING PRO | Kentucky Bond Corp                                                               | CUSIP: 4912074N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247785.70    | 0.24%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MUNSTER IN WTRWKS REVENUE      | Town of Munster IN Waterworks Revenue                                            | CUSIP: 626405EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $112627.28    | 0.11%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MURPHY TX                      | City of Murphy TX                                                                | CUSIP: 626752UV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95079.17     | 0.09%             | 2038-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971X3Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $936390.06    | 0.91%             | 2039-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTH FOND DU LAC WI           | Village of North Fond Du Lac WI                                                  | CUSIP: 659392KH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $229430.54    | 0.22%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OAK CREEK WI                   | City of Oak Creek WI                                                             | CUSIP: 671137L47<br>LEI: 549300FLUIG6KPZ61B39 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10546.34     | 0.01%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OMAHA-DOUGLAS NE PUBLIC BLDG C | Omaha-Douglas Public Building Commission                                         | CUSIP: 681669FQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495114.45    | 0.48%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PEARLAND TX INDEP SCH DIST     | Pearland Independent School District                                             | CUSIP: 704880BU6<br>LEI: 549300UU8ZB6DL6OXQ09 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64370.03     | 0.06%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PERRY CNTY KY SCH DIST FIN COR | Perry County School District Finance Corp                                        | CUSIP: 714559QZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40004.97     | 0.04%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PLEASANTON TX                  | City of Pleasanton TX                                                            | CUSIP: 728857TH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $181910.05    | 0.18%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PLYMOUTH-CANTON MI CMNTY SCH D | Plymouth-Canton Community School District                                        | CUSIP: 729429NM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85105.82     | 0.08%             | 2028-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR WTR SYS REVENUE    | City of Portland OR Water System Revenue                                         | CUSIP: 736754PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250351.63    | 0.24%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUTNAM CT                      | Town of Putnam CT                                                                | CUSIP: 746452HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199999.24    | 0.19%             | 2034-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND INFRASTRUCTURE BA | Rhode Island Infrastructure Bank                                                 | CUSIP: 76222FCP1<br>LEI: 54930022Z6KOPRSQCG49 | Long             | DBT              | MUN               | US        |    175000 | PA      | $190871.45    | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74797.51     | 0.07%             | 2034-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROGERS AR SCH DIST #30         | Rogers School District No 30                                                     | CUSIP: 775082R51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35007.68     | 0.03%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| S ADAMS CNTY CO WTR & SANTN DI | South Adams County Water & Sanitation District                                   | CUSIP: 83619CCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $345009.00    | 0.34%             | 2037-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HYD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $182550.49    | 0.18%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION PARISH LA CONSOL SCH DIS | Union Parish Consolidated School District No 1                                   | CUSIP: 907872FY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50114.66     | 0.05%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILSON PA SCH DIST             | Wilson School District                                                           | CUSIP: 972369SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269445.10    | 0.26%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINSTON-SALEM NC WTR & SWR SYS | City of Winston-Salem NC Water & Sewer System Revenue                            | CUSIP: 975700RZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $328455.44    | 0.32%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST TRANSPRTN REVENUE | Wisconsin Department of Transportation                                           | CUSIP: 9771232K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380471.85    | 0.37%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                      | State of Alaska                                                                  | CUSIP: 0117705S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $348113.41    | 0.34%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609ED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28926.70     | 0.03%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20817.53     | 0.02%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANCHOR BAY MI SCH DIST         | Anchor Bay School District                                                       | CUSIP: 032879YZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $263052.80    | 0.26%             | 2043-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APPLETON WI AREA SCH DIST      | Appleton Area School District                                                    | CUSIP: 038106SS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $141835.77    | 0.14%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEL RIO TX                     | City of Del Rio TX                                                               | CUSIP: 245379G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100020.66    | 0.10%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX                      | City of Denton TX                                                                | CUSIP: 2488662E4<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250359.10    | 0.24%             | 2036-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LAMAR CNTY GA SCH DIST         | Lamar County School District/GA                                                  | CUSIP: 51300PBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5019.62      | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAREDO TX                      | City of Laredo TX                                                                | CUSIP: 516824CL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500215.65    | 0.49%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LITTLE BLUE VLY MO SWR DIST SW | Little Blue Valley Sewer District                                                | CUSIP: 537011BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100020.38    | 0.10%             | 2031-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLG BLDG AUTH | Massachusetts State College Building Authority                                   | CUSIP: 575832B58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $245495.59    | 0.24%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NANUET NY UNION FREE SCH DIST  | Nanuet Union Free School District                                                | CUSIP: 630242JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5225.62      | 0.01%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW BRUNSWICK NJ               | City of New Brunswick NJ                                                         | CUSIP: 642815R97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35011.57     | 0.03%             | 2030-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971X2B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105593.65    | 0.10%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5148.80      | 0.01%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                                    | CUSIP: 6775226F6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263709.53    | 0.26%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ZANESVILLE OH                  | City of Zanesville OH                                                            | CUSIP: 989025ST9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57114.15     | 0.06%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOSTON MA                      | City of Boston MA                                                                | CUSIP: 100853VL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300006.24    | 0.29%             | 2027-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CABOT AR SCH DIST #4 LONOKE CN | Lonoke County School District No 4 Cabot                                         | CUSIP: 127037WH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116239.29    | 0.11%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52096.93     | 0.05%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL UT WTR CONSERVANCY DIST | Central Utah Water Conservancy District                                          | CUSIP: 15567RBQ5<br>LEI: 5493001AT8W3NBIEDB45 | Long             | DBT              | MUN               | US        |    885000 | PA      | $890143.00    | 0.87%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHANHASSEN MN                  | City of Chanhassen MN                                                            | CUSIP: 159106FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10016.56     | 0.01%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA               | District of Columbia                                                             | CUSIP: 25476FZB7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107533.01    | 0.10%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE SCH DIST #59   | Douglas County School District No 59/NE                                          | CUSIP: 259353HF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40044.78     | 0.04%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| E NEWTON CNTY MO REORG SCH DIS | Newton County Reorganized School District No R-6                                 | CUSIP: 273807CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $182935.27    | 0.18%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QDF0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    215000 | PA      | $214828.15    | 0.21%             | 2036-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS & KENT CNTY MI JT | Grand Rapids & Kent County Joint Building Authority                              | CUSIP: 386186FZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $331803.36    | 0.32%             | 2028-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RAPID RIVER MI PUBLIC SCHS     | Rapid River Public Schools                                                       | CUSIP: 753407KG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $136314.09    | 0.13%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST       | Central Florida Tourism Oversight District                                       | CUSIP: 758449QN5<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151175.43    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SM EDUCTNL BLDG CORP MS        | University of Southern Mississippi/The                                           | CUSIP: 784532FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250001.23    | 0.24%             | 2029-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISHL | St John the Baptist Parish School District No 1                                  | CUSIP: 790229RE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69998.96     | 0.07%             | 2028-03-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA-MALIBU CA UNIF SC | Santa Monica-Malibu Unified School District                                      | CUSIP: 802498XH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15168.32     | 0.01%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY KY BRD OF EDU      | Shelby County Public School District                                             | CUSIP: 821601BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66103.52     | 0.06%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOMERSET MA                    | Town of Somerset MA                                                              | CUSIP: 834834SH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $232526.48    | 0.23%             | 2043-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD MA                 | City of Springfield MA                                                           | CUSIP: 850752VM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $714186.37    | 0.69%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SULLIVAN CNTY TN               | County of Sullivan TN                                                            | CUSIP: 865287TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $353946.64    | 0.34%             | 2036-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SUPERIOR WI                    | City of Superior WI                                                              | CUSIP: 868392D32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210149.10    | 0.20%             | 2027-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IN SWR REVENUE  | City of West Lafayette IN Sewer Revenue                                          | CUSIP: 953701FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113513.14    | 0.11%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TN             | County of Williamson TN                                                          | CUSIP: 969872MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10157.54     | 0.01%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOOD CNTY WI                   | County of Wood WI                                                                | CUSIP: 978369LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63941.52     | 0.06%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARVIN CA UNION SCH DIST        | Arvin Union School District                                                      | CUSIP: 043303FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $23667.03     | 0.02%             | 2041-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 0523975B8<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    465000 | PA      | $528601.86    | 0.51%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVONDALE MI SCH DIST           | Avondale School District                                                         | CUSIP: 054375TX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45247.88     | 0.04%             | 2037-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARBOURVILLE KY INDEP SCH DIST | Barbourville Independent School District Finance Corp                            | CUSIP: 06729PEV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $121672.43    | 0.12%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BASALT & RURAL FIRE PROT DIST  | Basalt & Rural Fire Protection District                                          | CUSIP: 069745CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $51292.00     | 0.05%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEAVER DAM WI                  | City of Beaver Dam WI                                                            | CUSIP: 075131SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100009.99    | 0.10%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92882.22     | 0.09%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $125178.14    | 0.12%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIG SPRING PA SCH DIST         | Big Spring School District                                                       | CUSIP: 089543GQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100023.59    | 0.10%             | 2028-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BUFFALO MN                     | City of Buffalo MN                                                               | CUSIP: 119638XY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400086.08    | 0.39%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHAMBERS CNTY TX               | County of Chambers TX                                                            | CUSIP: 157789QN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $413642.83    | 0.40%             | 2042-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHELTENHAM PA SCH DIST         | Cheltenham Township School District                                              | CUSIP: 1635016P9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $13970.20     | 0.01%             | 2031-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY WA PUBLIC UTILITY D | Clark County Public Utility District No 1 Water Revenue                          | CUSIP: 181126LS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102550.39    | 0.10%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLINTON-MACOMB MI PUBLIC LIBRA | Clinton-Macomb Public Library                                                    | CUSIP: 187857DU8<br>LEI: 549300ZZ6YEGU7W0IW34 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150015.95    | 0.15%             | 2032-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DEER PARK TX                   | City of Deer Park TX                                                             | CUSIP: 2441095K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170420.70    | 0.17%             | 2026-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOVER TWP PA SWR AUTH          | Dover Township Sewer Authority                                                   | CUSIP: 260480KQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $668760.24    | 0.65%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DU PAGE CNTY IL CMNTY UNIT SCH | DuPage County Community Unit School District No 202 Lisle                        | CUSIP: 263496GD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $411581.29    | 0.40%             | 2028-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUMFRIES VA                    | Dumfries VA                                                                      | CUSIP: 264700BD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $511243.02    | 0.50%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EUSTIS FL WTR & SWR REVENUE    | City of Eustis FL Water & Sewer Revenue                                          | CUSIP: 298865BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $94989.64     | 0.09%             | 2036-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966QY79<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    525000 | PA      | $578445.63    | 0.56%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XSF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108625.60    | 0.11%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OWEN CNTY KY SCH DIST FIN CORP | Owen County School District Finance Corp                                         | CUSIP: 690689JP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230439.83    | 0.22%             | 2037-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PLANO TX                       | City of Plano TX                                                                 | CUSIP: 727177WF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200045.22    | 0.19%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RANKIN TX INDEP SCH DIST       | Rankin Independent School District                                               | CUSIP: 753177DJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $787246.43    | 0.77%             | 2032-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAPIDES PARISH LA              | Parish of Rapides LA                                                             | CUSIP: 753466FV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49941.74     | 0.05%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RICELAND MGMT DIST TX          | Riceland Management District                                                     | CUSIP: 76283ABF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $257533.06    | 0.25%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC               | County of Richland SC                                                            | CUSIP: 763631X60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46485.87     | 0.05%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVER FALLS WI WTR SYS REV     | City of River Falls WI Water System Revenue                                      | CUSIP: 768194BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21905.67     | 0.02%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIDNEY OH                      | City of Sidney OH                                                                | CUSIP: 826112KM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42484.74     | 0.04%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIMPSON CNTY KY SCH DIST FIN C | Simpson County School District Finance Corp                                      | CUSIP: 829021KV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25003.39     | 0.02%             | 2028-08-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313425.27    | 0.30%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100319.12    | 0.10%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $106394.69    | 0.10%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BILLINGS MT TAX INCR URBAN REN | City of Billings MT                                                              | CUSIP: 090141FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210025.12    | 0.20%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLOOMINGTON IN                 | City of Bloomington IN                                                           | CUSIP: 094599CP0<br>LEI: 5493005Q4CKD9B975C61 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5032.63      | 0.00%             | 2036-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BOONE TWP IN SCH BLDG CORP     | Boone Township School Building Corp                                              | CUSIP: 099140FV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $376260.47    | 0.37%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALCASIEU PARISH LA SCH DIST # | Calcasieu Parish School District No 23                                           | CUSIP: 128492KA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705377.33    | 0.69%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTER GROVE IN CMNTY SCH CORP | Center Grove Community School Corp                                               | CUSIP: 151469FW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252130.00    | 0.25%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46654.48     | 0.05%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52520.34     | 0.05%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL SQ NY CENTRL SCH DIST   | Central Square Central School District                                           | CUSIP: 155213NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $395185.29    | 0.38%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CINCINNATI OH                  | City of Cincinnati OH                                                            | CUSIP: 172217A92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $384804.04    | 0.37%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY OH                  | County of Clark OH                                                               | CUSIP: 181072QJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75115.75     | 0.07%             | 2038-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JB35<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    405000 | PA      | $405042.32    | 0.39%             | 2035-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758YG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $809017.42    | 0.79%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK KANE LAKE & MCHENRY CNTYS | Cook Kane Lake & McHenry Counties Community College District No 512              | CUSIP: 216181GQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55683.10     | 0.05%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CORSICANA TX                   | City of Corsicana TX                                                             | CUSIP: 220417Z77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301053.69    | 0.29%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CULLMAN AL                     | City of Cullman AL                                                               | CUSIP: 230039VC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20599.56     | 0.02%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST       | Dallas Independent School District                                               | CUSIP: 235308F65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77120.23     | 0.08%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELANO MN                      | City of Delano MN                                                                | CUSIP: 245667PE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30007.93     | 0.03%             | 2032-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DENNIS TWP NJ                  | Township of Dennis NJ                                                            | CUSIP: 248599CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $330240.06    | 0.32%             | 2033-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENNIS TWP NJ                  | Township of Dennis NJ                                                            | CUSIP: 248599CN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $653324.52    | 0.64%             | 2034-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DERBY KS                       | City of Derby KS                                                                 | CUSIP: 249776BN4<br>LEI: 549300CONBN0WRKRFQ93 | Long             | DBT              | MUN               | US        |     75000 | PA      | $74374.42     | 0.07%             | 2035-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| DODGEVILLE WI                  | City of Dodgeville WI                                                            | CUSIP: 256561EA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $186551.89    | 0.18%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST BATON ROUGE PARISH LA CAP | Parish of East Baton Rouge Capital Improvements District                         | CUSIP: 270773BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135782.00    | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST KNOX OH LOCAL SCH DIST    | East Knox Local School District                                                  | CUSIP: 273290EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325055.02    | 0.32%             | 2027-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| E WASHINGTON IN MULTI-SCH BLDG | East Washington Multi School Building Corp                                       | CUSIP: 275745EM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10379.25     | 0.01%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ELKHART IN CMNTY SCHS BLDG COR | Elkhart Community Schools Building Corp                                          | CUSIP: 287497H46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35164.02     | 0.03%             | 2038-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY PA               | County of Franklin PA                                                            | CUSIP: 353244FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $232072.28    | 0.23%             | 2038-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX INDEP SCH DIST    | Galveston Independent School District                                            | CUSIP: 364496QW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91350.67     | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENCOE/SILVER LAKE MN INDEP S | Glencoe-Silver Lake Independent School District No 2859                          | CUSIP: 378267BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50017.08     | 0.05%             | 2037-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRETNA NE                      | City of Gretna NE                                                                | CUSIP: 397802QQ5<br>LEI: 549300VHFFLXCKH8RB83 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1118592.64   | 1.09%             | 2041-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HANCEVILLE AL WTRWKS & SWR BRD | Hanceville Waterworks & Sewer Board                                              | CUSIP: 409654BY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160825.70    | 0.16%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MN                | County of Jackson MN                                                             | CUSIP: 467160RK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15589.77     | 0.02%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST BOND CORP FING PRO | Kentucky Bond Corp                                                               | CUSIP: 49120FEE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99134.29     | 0.10%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAKE WHATCOM WA WTR & SWR DIST | Lake Whatcom Water & Sewer District                                              | CUSIP: 511292BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65048.64     | 0.06%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEESBURG FL UTILITIES REVENUE  | City of Leesburg FL Utility System Revenue                                       | CUSIP: 524390PL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101753.60    | 0.10%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY MO FIRE PROT DIST | Lincoln County Fire Protection District No 1                                     | CUSIP: 533241BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11193.31     | 0.01%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON IN CONSOL SCH BLDG COR | Madison Consolidated School Building Corp/IN                                     | CUSIP: 557611JW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $119371.42    | 0.12%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANATEE CNTY FL REVENUE        | County of Manatee FL                                                             | CUSIP: 561852GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51340.47     | 0.05%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN                     | City of Memphis TN                                                               | CUSIP: 586145Z23<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16743.25     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTILITY SYS REVENUE    | City of Mesa AZ Utility System Revenue                                           | CUSIP: 590545TZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115033.89    | 0.11%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET COUNCIL MINNEAPOLIS-SAINT  | Metropolitan Council                                                             | CUSIP: 591852F52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60061.72     | 0.06%             | 2033-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MOORHEAD MN INDEP SCH DIST #15 | Moorhead Independent School District No 152                                      | CUSIP: 616157RL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200024.58    | 0.19%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MURFREESBORO TN                | City of Murfreesboro TN                                                          | CUSIP: 626524S29<br>LEI: 5493004HW7N2IUAQK610 | Long             | DBT              | MUN               | US        |    935000 | PA      | $934997.76    | 0.91%             | 2031-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST MUNI BOND BAN | New Hampshire Municipal Bond Bank                                                | CUSIP: 64465P2U1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $219239.48    | 0.21%             | 2034-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST               | State of New Hampshire                                                           | CUSIP: 64468FBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $132242.32    | 0.13%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5002.58      | 0.00%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5776.38      | 0.01%             | 2032-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                                    | CUSIP: 677523FC1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    165000 | PA      | $179305.58    | 0.17%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST AGRIC & MECH CLGS  | Oklahoma Agricultural & Mechanical Colleges                                      | CUSIP: 678505DJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $177901.83    | 0.17%             | 2032-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST WTR RES BRD ST LOA | Oklahoma Water Resources Board                                                   | CUSIP: 67920QPS1<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60272.61     | 0.06%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORCHARD PARK NY CENTRL SCH DIS | Orchard Park Central School District                                             | CUSIP: 685644XF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $278371.21    | 0.27%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARCHMENT MI SCH DIST          | Parchment School District                                                        | CUSIP: 699398GB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220111.10    | 0.21%             | 2036-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224XW4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    180000 | PA      | $181622.61    | 0.18%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PICKENS CNTY SC                | County of Pickens SC                                                             | CUSIP: 719644FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54631.57     | 0.05%             | 2033-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST       | Central Florida Tourism Oversight District                                       | CUSIP: 758449RL8<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    800000 | PA      | $812434.88    | 0.79%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAUK CNTY WI                   | County of Sauk WI                                                                | CUSIP: 804328JT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19990.68     | 0.02%             | 2027-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SCITUATE MA                    | Town of Scituate MA                                                              | CUSIP: 809095B35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15369.33     | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST              | State of South Carolina                                                          | CUSIP: 83710RZP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50767.86     | 0.05%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING HILL KS                 | City of Spring Hill KS                                                           | CUSIP: 849658TK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21184.09     | 0.02%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRING LAKE PARK MN INDEP SCH  | Spring Lake Park Independent School District No 16                               | CUSIP: 849832VT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40013.86     | 0.04%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STRASBURG CO SCH DIST #31J     | Strasburg School District No 31J                                                 | CUSIP: 862602DZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $295725.73    | 0.29%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TECUMSEH MI                    | City of Tecumseh MI                                                              | CUSIP: 878793GY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $325286.44    | 0.32%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THORNAPPLE KELLOGG MI SCH DIST | Thornapple Kellogg School District                                               | CUSIP: 885205NA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251278.95    | 0.24%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TIPTON IN CMNTY SCH CORP       | Tipton Community School Corp                                                     | CUSIP: 888111AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40228.74     | 0.04%             | 2026-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOHOPEKALIGA FL WTR AUTH UTILI | Tohopekaliga Water Authority                                                     | CUSIP: 88906REY2<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216135.26    | 0.21%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK PUBLIC FACS AUTH      | Tulsa Public Facilities Authority                                                | CUSIP: 899673CY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310003.13    | 0.30%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CONNECTICUT CT         | University of Connecticut                                                        | CUSIP: 9142332V2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5408.29      | 0.01%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI | Permanent University Fund - University of Texas System                           | CUSIP: 9151158C6<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    725000 | PA      | $719621.44    | 0.70%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST                    | Commonwealth of Virginia                                                         | CUSIP: 928109X93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $958900.17    | 0.93%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST RESOURCES AUTH INF | Virginia Resources Authority                                                     | CUSIP: 92818MAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $770528.14    | 0.75%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN OH CITY SCH DIST        | Warren City School District                                                      | CUSIP: 935477GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151694.70    | 0.15%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| W FARGO ND                     | City of West Fargo ND                                                            | CUSIP: 952718ZY3<br>LEI: 549300V5NOGBRXUP7P25 | Long             | DBT              | MUN               | US        |    175000 | PA      | $183701.54    | 0.18%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTFIELD-WASHINGTON IN MULTI- | Westfield-Washington Multi-School Building Corp                                  | CUSIP: 96023PPB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $126553.52    | 0.12%             | 2037-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTLAKE TX                    | Town of Westlake TX                                                              | CUSIP: 96048PGG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10118.62     | 0.01%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WIGGINS CO SCH DIST #RE-50J AD | Wiggins School District No RE-50J Adams Morgan & Weld Counties                   | CUSIP: 967710CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515203.85    | 0.50%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILSON PA SCH DIST             | Wilson School District                                                           | CUSIP: 972369SE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $224709.98    | 0.22%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINTERSET IA CMNTY SCH DIST    | Winterset Community School District                                              | CUSIP: 976214FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200020.56    | 0.19%             | 2027-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| YSLETA TX INDEP SCH DIST       | Ysleta Independent School District                                               | CUSIP: 98816PCR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5086.20      | 0.00%             | 2039-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BALCH SPRINGS TX               | City of Balch Springs TX                                                         | CUSIP: 057663FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $91098.79     | 0.09%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARBOURVILLE KY INDEP SCH DIST | Barbourville Independent School District Finance Corp                            | CUSIP: 06729PEZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135642.43    | 0.13%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV                  | County of Clark NV                                                               | CUSIP: 180848UJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79500.53     | 0.08%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLAY CNTY MN                   | County of Clay MN                                                                | CUSIP: 183396TX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $746399.22    | 0.73%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEMSON SC UNIV HGR EDU REVENU | Clemson University                                                               | CUSIP: 185633BK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50023.85     | 0.05%             | 2030-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CLINTON TWP NJ                 | Township of Clinton NJ                                                           | CUSIP: 188612GT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5001.17      | 0.00%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA PUB FACS AUTH | Columbia County Public Facilities Authority                                      | CUSIP: 197483AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30926.92     | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH CITY SCH DIST      | Columbus City School District                                                    | CUSIP: 1995075K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55196.47     | 0.05%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758XJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $971240.57    | 0.95%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL CMNTY CONSOL SCHD | Cook County Community Consolidated School District No 15 Palatine                | CUSIP: 213291RE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64086.42     | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COWLITZ CNTY WA SCH DIST #458K | Cowlitz County School District No 458 Kelso/WA                                   | CUSIP: 223883FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66882.09     | 0.07%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROWN POINT IN MULTI-SCH BLDGC | Crown Point Multi School Building Corp                                           | CUSIP: 228485LF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109471.07    | 0.11%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S | Dallas Area Rapid Transit                                                        | CUSIP: 235241SR8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300212.58    | 0.29%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAYTON TN                      | City of Dayton TN                                                                | CUSIP: 240037RR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112000.36    | 0.11%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DERRY TWP PA                   | Township of Derry PA                                                             | CUSIP: 250061MW5<br>LEI: 549300KQ84SIR3W6X119 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155018.00    | 0.15%             | 2028-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HARDIN & HOUSTON OH LOCAL SCH  | Hardin & Houston Local School District                                           | CUSIP: 412162EY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110045.65    | 0.11%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HART MI PUBLIC SCHS            | Hart Public Schools/MI                                                           | CUSIP: 416124HA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $380694.18    | 0.37%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS VLY NV WTR DIST      | Las Vegas Valley Water District                                                  | CUSIP: 517845AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $419060.40    | 0.41%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEXINGTON TN ELEC REVENUE      | City of Lexington TN Electric Revenue                                            | CUSIP: 529658EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60756.16     | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MELISSA TX                     | City of Melissa TX                                                               | CUSIP: 585483PX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500463.35    | 0.49%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET ATLANTA GA RAPID TRANSIT A | Metropolitan Atlanta Rapid Transit Authority                                     | CUSIP: 591745X74<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252973.65    | 0.25%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINOT ND PUBLIC SCH DIST #1    | Minot Public School District No 1                                                | CUSIP: 604382GU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527417.90    | 0.51%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOORESTOWN TWP NJ SCH DIST     | Moorestown Township School District                                              | CUSIP: 616021NP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15000.00     | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N CHARLESTON SC                | City of North Charleston SC                                                      | CUSIP: 658553EY4<br>LEI: 549300Y9QXZ4L5X8SP87 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19999.77     | 0.02%             | 2027-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PLAINFIELD IL WTR & SWR SYS RE | Village of Plainfield IL Water & Sewer System Revenue                            | CUSIP: 726273DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22762.55     | 0.02%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLAINVIEW TX INDEP SCH DIST    | Plainview Independent School District                                            | CUSIP: 726736GT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102199.06    | 0.10%             | 2038-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNIF SCH DIST        | Racine Unified School District                                                   | CUSIP: 750046TU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $682617.65    | 0.66%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87609.25     | 0.09%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TACOMA WA SWR REVENUE          | City of Tacoma WA Sewer Revenue                                                  | CUSIP: 873545LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115006.13    | 0.11%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNDERWOOD IA CMNTY SCH DIST    | Underwood Community School District                                              | CUSIP: 904410CJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11411.99     | 0.01%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES    | University of California                                                         | CUSIP: 91412GW50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25914.14     | 0.03%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TX             | County of Williamson TX                                                          | CUSIP: 9698876M5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $337504.98    | 0.33%             | 2034-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WILLMAR MN                     | City of Willmar MN                                                               | CUSIP: 970856GH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40193.02     | 0.04%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WYLIE TX INDEP SCH DIST        | Wylie Independent School District                                                | CUSIP: 9830685Y9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $305013.05    | 0.30%             | 2041-08-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| ZANESVILLE OH                  | City of Zanesville OH                                                            | CUSIP: 989025SR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $318223.32    | 0.31%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL WTRWKS BRD WTR R | Water Works Board of the City of Birmingham/The                                  | CUSIP: 091096KM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153552.12    | 0.15%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLUE EARTH CNTY MN             | County of Blue Earth MN                                                          | CUSIP: 095410RF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1241506.23   | 1.21%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL RI                     | Town of Bristol RI                                                               | CUSIP: 110169Q69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $116189.25    | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL WI SCH DIST #1         | Bristol School District No 1/WI                                                  | CUSIP: 110381EU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5446.63      | 0.01%             | 2041-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BROKEN ARROW OK                | City of Broken Arrow OK                                                          | CUSIP: 112097U73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22739.37     | 0.02%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUENA VISTA-BETHEL TX SPL UTIL | Buena Vista-Bethel Special Utiltiy District                                      | CUSIP: 119224DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $258693.59    | 0.25%             | 2028-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALDWELL CNTY TX               | County of Caldwell TX                                                            | CUSIP: 129006GF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $565586.49    | 0.55%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CENTRL LAKE CNTY IL JT ACTIONW | Central Lake County Joint Action Water Agency                                    | CUSIP: 153821HG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75223.42     | 0.07%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY WA FIRE PROT DIST # | Clark County Fire Protection District No 6                                       | CUSIP: 18109TAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50518.26     | 0.05%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLBERT CNTY AL                | County of Colbert AL                                                             | CUSIP: 192666GR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5284.30      | 0.01%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROWLEY TX                     | City of Crowley TX                                                               | CUSIP: 228111VT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49762.12     | 0.05%             | 2037-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GREENVILLE NC UTILITIES COMMIS | Greenville Utilities Commission                                                  | CUSIP: 396321EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163561.91    | 0.16%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY                   | City of Henderson KY                                                             | CUSIP: 425074LG4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    405000 | PA      | $406418.11    | 0.40%             | 2027-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HORRY CNTY SC                  | County of Horry SC                                                               | CUSIP: 440668WX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50229.80     | 0.05%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOT SPRINGS AR WTR REVENUE     | City of Hot Springs AR Waterworks Revenue                                        | CUSIP: 441182MY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306978.09    | 0.30%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE | City of Houston TX Combined Utility System Revenue                               | CUSIP: 4424355V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145095.64    | 0.14%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUDSON MI AREA SCHS            | Hudson Area Schools                                                              | CUSIP: 443870HQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $220096.60    | 0.21%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MO                | City of Independence MO                                                          | CUSIP: 453632JB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20552.96     | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MO                | City of Independence MO                                                          | CUSIP: 453632JC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84075.30     | 0.08%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JAY IN SCHS BLDG CORP          | Jay Schools Building Corp                                                        | CUSIP: 47206PHP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $412999.24    | 0.40%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SCH DIST        | Kansas City School District/MO                                                   | CUSIP: 485080GX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22880.82     | 0.02%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KELLER TX                      | City of Keller TX                                                                | CUSIP: 487685AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200123.76    | 0.19%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LA SALLE & BUREAU CNTYS IL TWP | La Salle & Bureau Counties Township High School District No 120 LaSalle-Peru     | CUSIP: 504480DM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $544394.47    | 0.53%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE LA PUBLIC IMPT SALES | City of Lafayette LA Sales & Use Tax Revenue                                     | CUSIP: 506485BH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50028.77     | 0.05%             | 2027-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MIAMISBURG OH                  | City of Miamisburg OH                                                            | CUSIP: 593864MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100081.66    | 0.10%             | 2026-02-10      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MUNSTER IN WTRWKS REVENUE      | Town of Munster IN Waterworks Revenue                                            | CUSIP: 626405DR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $507105.71    | 0.49%             | 2033-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund               | CUSIP: 67766WN99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $692206.02    | 0.67%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA FL                    | City of Sarasota FL                                                              | CUSIP: 803327LJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125022.35    | 0.12%             | 2033-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA DRAIN & WSTWTR REVE | City of Seattle WA Drainage & Wastewater Revenue                                 | CUSIP: 812631PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $234463.88    | 0.23%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX | Utah Transit Authority                                                           | CUSIP: 917567CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250023.53    | 0.24%             | 2028-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERONA TWP NJ                  | Township of Verona NJ                                                            | CUSIP: 92505PDT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20007.33     | 0.02%             | 2030-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLANCO CNTY TX                 | County of Blanco TX                                                              | CUSIP: 093338CF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11144.63     | 0.01%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKLAND CAYCE SC SCH DIST #2 | Lexington County School District No 2                                            | CUSIP: 113709RQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $73753.42     | 0.07%             | 2034-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY NE SCH DIST #56      | Cass County School District No 56 Conestoga                                      | CUSIP: 148024HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504756.65    | 0.49%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI | Dallas Fort Worth International Airport                                          | CUSIP: 23503CEZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5593.72      | 0.01%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAYTON OH WTR SYS REVENUE      | City of Dayton OH Water System Revenue                                           | CUSIP: 239878EA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272189.13    | 0.26%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DUNN CNTY WI                   | County of Dunn WI                                                                | CUSIP: 265777LB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $260472.70    | 0.25%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EDISON OH LOCAL SCH DIST COPS  | Edison Local School District/Jefferson County                                    | CUSIP: 281102AJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25098.71     | 0.02%             | 2029-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON AR SCH DIST #6      | Farmington School District No 6                                                  | CUSIP: 311142XL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70008.29     | 0.07%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QAW6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200017.42    | 0.19%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP | State of Florida Department of Transportation Turnpike System Revenue            | CUSIP: 343137MX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68996.57     | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH CNTY GA WTR & SEWERAGE | Forsyth County Water & Sewerage Authority                                        | CUSIP: 346609KC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68700.28     | 0.07%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN TWP IN MULTI-SCH BLDG | Franklin Township-Marion County Multiple School Building Corp                    | CUSIP: 355137GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $199641.11    | 0.19%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDON TWP NJ SCH DIST         | Fredon Township Board of Education                                               | CUSIP: 356015CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $648112.66    | 0.63%             | 2033-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FREMONT IN CMNTY SCHS          | Fremont Community Schools                                                        | CUSIP: 357294DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $196039.62    | 0.19%             | 2036-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GMG IA CMNTY SCH DIST          | GMG Community School District                                                    | CUSIP: 36188ECL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $108425.71    | 0.11%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE FL UTILITIES SYS R | City of Gainesville FL Utilities System Revenue                                  | CUSIP: 362848SM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445045.08    | 0.43%             | 2034-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GALLATIN CNTY MT HIGH SCH DIST | Gallatin County High School District No 7 Bozeman                                | CUSIP: 363658KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20376.68     | 0.02%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GALT CA JT UNION ELEM SCH DIST | Galt Joint Union Elementary School District                                      | CUSIP: 364116BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5008.12      | 0.00%             | 2032-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GREENE COUNTY VA WTR & SWR SYS | County of Greene VA Water & Sewer System Revenue                                 | CUSIP: 39469YAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1287754.88   | 1.25%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREENVILLE NC COMB ENTERPRISE  | Greenville Utilities Commission                                                  | CUSIP: 396290CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25146.87     | 0.02%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CNTY NC               | County of Guilford NC                                                            | CUSIP: 401784B51<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25004.64     | 0.02%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAMPSHIRE IL                   | Village of Hampshire IL                                                          | CUSIP: 408864FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $183626.82    | 0.18%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL UTILITY R | County of Hillsborough FL Utility Revenue                                        | CUSIP: 432347MF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290072.07    | 0.28%             | 2030-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON IN REDEV AUTH LEASE | Huntington Redevelopment Authority                                               | CUSIP: 446367CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $647986.09    | 0.63%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVING TX WTRWKS & SWR REVENUE | City of Irving TX Waterworks & Sewer System Revenue                              | CUSIP: 463831TS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50033.24     | 0.05%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KINGSWAY NJ REGL SCH DIST      | Kingsway Regional School District                                                | CUSIP: 496856DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40005.24     | 0.04%             | 2028-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LA PORTE TX INDEP SCH DIST     | La Porte Independent School District/TX                                          | CUSIP: 504102H98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50007.79     | 0.05%             | 2028-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL ENERGY SYS REVENUE | City of Lakeland FL Department of Electric Utilities                             | CUSIP: 51166FFJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21191.87     | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA VERGNE TN                   | City of La Vergne TN                                                             | CUSIP: 519442KR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $205528.70    | 0.20%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METCALFE CNTY KY SCH DIST FINC | Metcalfe County School District Finance Corp                                     | CUSIP: 591459GS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25004.19     | 0.02%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24946.18     | 0.02%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NILES MI CMNTY SCHS            | Niles Community Schools/MI                                                       | CUSIP: 654271BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60022.22     | 0.06%             | 2029-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY  | North Carolina Housing Finance Agency                                            | CUSIP: 6582076H3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    310000 | PA      | $309828.11    | 0.30%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| O'FALLON IL                    | City of O'Fallon IL                                                              | CUSIP: 676176KA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $190597.28    | 0.19%             | 2034-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RILEY CNTY KS UNIF SCH DIST #3 | Riley County Unified School District No 383 Manhattan-Ogden                      | CUSIP: 766651QP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30506.91     | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CHARLES PARISH LA SCH DI | St Charles Parish School District No 1                                           | CUSIP: 788076SR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225034.25    | 0.22%             | 2035-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISHL | St John the Baptist Parish School District No 1                                  | CUSIP: 790229SE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50019.03     | 0.05%             | 2033-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SALINE CNTY KS KS UNIF SCH DIS | Saline Dickinson & McPherson Counties Unified School District No 306             | CUSIP: 79516JAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64889.54     | 0.06%             | 2027-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX RIVER AUTH WSTW | San Antonio River Authority Wastewater System Revenue                            | CUSIP: 796352DK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52309.50     | 0.05%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANDY SPRINGS GA PUBLIC FACS A | Sandy Springs Public Facilities Authority                                        | CUSIP: 80036RDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $413358.43    | 0.40%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANDY SPRINGS GA PUBLIC FACS A | Sandy Springs Public Facilities Authority                                        | CUSIP: 80036RDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $294707.10    | 0.29%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CNTY KS UNIF SCH DIST | Sedgwick County Unified School District No 260 Derby                             | CUSIP: 815628JL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120309.37    | 0.12%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHAWNEE KS                     | City of Shawnee KS                                                               | CUSIP: 820667ZY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30880.35     | 0.03%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY AL                 | County of Shelby AL                                                              | CUSIP: 821515GA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79997.01     | 0.08%             | 2037-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SIDNEY OH                      | City of Sidney OH                                                                | CUSIP: 826112LA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130440.88    | 0.13%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIOUX CENTER IA                | City of Sioux Center IA                                                          | CUSIP: 829421LH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112167.94    | 0.11%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA SCH DIST #10 | Snohomish County School District No 103 Monroe                                   | CUSIP: 833209MH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44589.84     | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPOTSYLVANIA CNTY VA           | County of Spotsylvania VA                                                        | CUSIP: 849254G27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051648.50   | 1.02%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STEVENS CNTY MN                | County of Stevens MN                                                             | CUSIP: 860218GL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10627.03     | 0.01%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUSSEX WI                      | Village of Sussex WI                                                             | CUSIP: 869315F89<br>LEI: 549300313T1AE9E7CE80 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21384.72     | 0.02%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK                       | City of Tulsa OK                                                                 | CUSIP: 899645J89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052813.80   | 1.02%             | 2029-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNION SPRINGS NY CENTRL SCH DI | Union Springs Central School District                                            | CUSIP: 908380JB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10009.01     | 0.01%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| YSLETA TX INDEP SCH DIST       | Ysleta Independent School District                                               | CUSIP: 98816PCN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102863.13    | 0.10%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209EA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $210776.45    | 0.21%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BERGEN CNTY NJ                 | County of Bergen NJ                                                              | CUSIP: 083763TR3<br>LEI: 549300SC7R4EFIYK0S67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200316.34    | 0.19%             | 2031-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BI-ST DEV AGY OF THE MO-IL MET | Bi-State Development Agency of the Missouri-Illinois Metropolitan District       | CUSIP: 088632BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135155.54    | 0.13%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARNER-HAYFIELD-VENTURA CMNTY  | Garner-Hayfield-Ventura Community School District                                | CUSIP: 366250AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $264385.58    | 0.26%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENWOOD CNTY SC HOSP REVENUE | County of Greenwood SC                                                           | CUSIP: 397090HQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30471.98     | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREER SC COMB UTILITY SYS      | Commission of Public Works City of Greer                                         | CUSIP: 397478GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28627.90     | 0.03%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDEP SCH DIST      | Houston Independent School District                                              | CUSIP: 442403QD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $46012.68     | 0.04%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TN ELEC REVENUE      | City of Knoxville TN Electric System Revenue                                     | CUSIP: 499746J89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $113201.12    | 0.11%             | 2036-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LAWRENCE MA                    | City of Lawrence MA                                                              | CUSIP: 520229CC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148229.72    | 0.14%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEWIS CNTY KY SCH DIST FIN COR | Lewis County School District Finance Corp                                        | CUSIP: 527759QM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25010.80     | 0.02%             | 2035-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LEWISVILLE TX INDEP SCH DIST   | Lewisville Independent School District                                           | CUSIP: 52882PEQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304711.02    | 0.30%             | 2038-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LINO LAKES MN                  | City of Lino Lakes MN                                                            | CUSIP: 536060PL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $359996.90    | 0.35%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOVEJOY TX INDEP SCH DIST      | Lovejoy Independent School District                                              | CUSIP: 547160QW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50013.40     | 0.05%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MADISON CNTY AL BRD OF EDU CAP | Madison County Board of Education/AL                                             | CUSIP: 556752NZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $431539.01    | 0.42%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON WI                     | City of Madison WI                                                               | CUSIP: 55844RQB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20002.54     | 0.02%             | 2026-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIZE KS                       | City of Maize KS                                                                 | CUSIP: 560687WW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102472.71    | 0.10%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARS PA AREA SCH DIST          | Mars Area School District                                                        | CUSIP: 571720SX0<br>LEI: 549300UINQBC7HS64443 | Long             | DBT              | MUN               | US        |    185000 | PA      | $182756.86    | 0.18%             | 2038-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RFT8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200025.44    | 0.19%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RV45<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1564411.06   | 1.52%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MCKINNEY TX                    | City of McKinney TX                                                              | CUSIP: 58178CKU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $23237.97     | 0.02%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN IRON-BUHL MN INDEP SC | Mountain Iron-Buhl Independent School District No 712                            | CUSIP: 624142DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299991.06    | 0.29%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORMAN OK                      | City of Norman OK                                                                | CUSIP: 656168PE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99963.93     | 0.10%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NE                       | City of Omaha NE                                                                 | CUSIP: 6817123B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15240.63     | 0.01%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONALASKA WI SCH DIST           | Onalaska School District                                                         | CUSIP: 682225LD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27993.52     | 0.03%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEKAMA MI CONSOL SCH DIST     | Onekama Consolidated Schools                                                     | CUSIP: 682675DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $446169.33    | 0.43%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY NJ UTILITIES AUTH | Passaic County Utilities Authority                                               | CUSIP: 702766FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125023.34    | 0.12%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY KY SCH DIST FIN C | Pulaski County School District Finance Corp                                      | CUSIP: 745474F76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413851.92    | 0.40%             | 2039-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RAMSEY CNTY MN                 | County of Ramsey MN                                                              | CUSIP: 751622QQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30004.46     | 0.03%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REEDSBURG WI SCH DIST          | Reedsburg School District                                                        | CUSIP: 758381FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55127.96     | 0.05%             | 2031-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74651.93     | 0.07%             | 2035-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHEBOYGAN FALLS WI SCH DIST    | Sheboygan Falls School District                                                  | CUSIP: 821013GM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125129.00    | 0.12%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIDNEY OH                      | City of Sidney OH                                                                | CUSIP: 826112KN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159495.06    | 0.16%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD TN                 | City of Springfield TN                                                           | CUSIP: 851392TA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54191.12     | 0.05%             | 2036-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST                   | State of Tennessee                                                               | CUSIP: 880541J24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1255500.51   | 1.22%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THURSTON CNTY WA SCH DIST #33T | Thurston County School District No 33 Tumwater/WA                                | CUSIP: 886155NK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100965.95    | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRI-CNTY MET TRANSPRTN DIST OR | Tri-County Metropolitan Transportation District of Oregon                        | CUSIP: 89546RQG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5199.76      | 0.01%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBUQUERQUE NM                 | City of Albuquerque NM                                                           | CUSIP: 0135187Y5<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30268.19     | 0.03%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BEECH GROVE IN CENTRL SCH BLDG | Beech Grove Central School Building Corp                                         | CUSIP: 076692FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $211855.65    | 0.21%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELLMEAD TX                    | City of Bellmead TX                                                              | CUSIP: 079635ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220040.00    | 0.21%             | 2030-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85862.24     | 0.08%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $93657.42     | 0.09%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENZIE CNTY MI CENTRL SCHS     | Benzie County Central Schools/MI                                                 | CUSIP: 083473FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5233.61      | 0.01%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                  | County of Bexar TX                                                               | CUSIP: 088281W71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250193.73    | 0.24%             | 2029-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BONHAM TX INDEP SCH DIST       | Bonham Independent School District                                               | CUSIP: 098104MP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5468.04      | 0.01%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELANO MN INDEP SCH DIST #879  | Delano Independent School District No 879                                        | CUSIP: 245685MK5<br>LEI: 549300XUL046U4HCJG57 | Long             | DBT              | MUN               | US        |    295000 | PA      | $294992.33    | 0.29%             | 2031-02-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| DETOUR MI AREA SCHS            | DeTour Area Schools                                                              | CUSIP: 250673CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52803.05     | 0.05%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DODGE CNTY NE SCH DIST #1      | Fremont School District                                                          | CUSIP: 256435KR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508742.20    | 0.50%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST MONTGOMERY CNTY TX MUN UT | East Montgomery County Municipal Utility District No 4                           | CUSIP: 27373QBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $277353.48    | 0.27%             | 2029-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FALMOUTH MA                    | Town of Falmouth MA                                                              | CUSIP: 306801W31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50786.45     | 0.05%             | 2038-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEPT ENVRNMNTL PROT | Florida Department of Environmental Protection                                   | CUSIP: 34160WA61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72490.24     | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARNER-HAYFIELD-VENTURA CMNTY  | Garner-Hayfield-Ventura Community School District                                | CUSIP: 366250AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308803.20    | 0.30%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MI WSTWTR SYS REVENU | City of Kalamazoo MI Wastewater System Revenue                                   | CUSIP: 483273KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $466961.71    | 0.45%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENOSHA WI UNIF SCH DIST #1    | Kenosha Unified School District No 1/WI                                          | CUSIP: 489836TW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $605174.60    | 0.59%             | 2029-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LUVERNE MN INDEP SCH DIST #218 | Luverne Independent School District No 2184                                      | CUSIP: 550664DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14903.21     | 0.01%             | 2036-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MEMPHIS MI CMNTY SCHS          | Memphis Community Schools                                                        | CUSIP: 586073JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118931.25    | 0.12%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL STORMWTR REVENU | City of Miami Beach FL Stormwater Revenue                                        | CUSIP: 59324PDB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115028.68    | 0.11%             | 2036-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federated Institutional Tax-Fr | Federated Institutional Tax-Free Cash Trust                                      | CUSIP: 60934N666<br>LEI: 254900WXT2EYU7K33C03 | Long             | STIV             | RF                | US        |   8227442 | NS      | $8227442.07   | 8.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MONONA GROVE WI SCH DIST       | Monona Grove School District/WI                                                  | CUSIP: 610056MA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73016.11     | 0.07%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORENCI MI AREA SCHS           | Morenci Area Schools                                                             | CUSIP: 616828EZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115791.21    | 0.11%             | 2034-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOUNT PROSPECT IL              | Village of Mount Prospect IL                                                     | CUSIP: 622826WY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30146.72     | 0.03%             | 2037-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MUNSTER IN WTRWKS REVENUE      | Town of Munster IN Waterworks Revenue                                            | CUSIP: 626405DB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.24%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MURRAY CITY UT SCH DIST        | Murray City School District                                                      | CUSIP: 626864HA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21475.80     | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972HTX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $82280.99     | 0.08%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5907.04      | 0.01%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5217.81      | 0.01%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST SPL OBLG               | State of Ohio                                                                    | CUSIP: 67759HQX5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     40000 | PA      | $46906.95     | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE   | Ohio Water Development Authority                                                 | CUSIP: 67765QCR5<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102170.16    | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OLATHE KS                      | City of Olathe KS                                                                | CUSIP: 679384RE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1058086.24   | 1.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO | Orlando Utilities Commission                                                     | CUSIP: 686507LE2<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038858.30   | 1.01%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PERRY MI PUBLIC SCHS           | Perry Public Schools                                                             | CUSIP: 714738MB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100064.28    | 0.10%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POCAHONTAS CNTY IA             | County of Pocahontas IA                                                          | CUSIP: 730238AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36721.38     | 0.04%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPARTA WI                      | City of Sparta WI                                                                | CUSIP: 846748KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28809.14     | 0.03%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TECUMSEH MI                    | City of Tecumseh MI                                                              | CUSIP: 878793GX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $315549.82    | 0.31%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TIPTON IN CMNTY SCH CORP       | Tipton Community School Corp                                                     | CUSIP: 888111AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85957.95     | 0.08%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TODD MORRISON STEARNS CNTYS MN | Todd Morrison Stearns Counties Independent School District No 2753               | CUSIP: 889035CJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55103.69     | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK                       | City of Tulsa OK                                                                 | CUSIP: 899645K79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $444643.92    | 0.43%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNICOI CNTY TN                 | County of Unicoi TN                                                              | CUSIP: 904648NQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026626.40   | 1.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX | Utah Transit Authority                                                           | CUSIP: 917565GR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27630.58     | 0.03%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VICTORIA TX                    | City of Victoria TX                                                              | CUSIP: 926293ZE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49962.68     | 0.05%             | 2027-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MD SUBURBAN SAN DIS | Washington Suburban Sanitary Commission                                          | CUSIP: 940157T59<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100328.68    | 0.10%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST TRANSPRTN REVENUE | Wisconsin Department of Transportation                                           | CUSIP: 977123Q50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259155.45    | 0.25%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YORK CNTY NE SCH DIST #12      | York School District/NE                                                          | CUSIP: 986365HL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148415.96    | 0.14%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILDERLAND NY CENTRL SCH DIST | Guilderland Central School District                                              | CUSIP: 401754TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100013.20    | 0.10%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CNTY NC               | County of Guilford NC                                                            | CUSIP: 401784T78<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33143.70     | 0.03%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERRIMAN CITY UT SALES & FRANC | City of Herriman City UT                                                         | CUSIP: 427754BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195038.61    | 0.19%             | 2035-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HUTTO TX                       | City of Hutto TX                                                                 | CUSIP: 448474ZA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $241175.07    | 0.23%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MO                | City of Independence MO                                                          | CUSIP: 453632JE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10968.73     | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRMO-CHAPIN SC RECREATIONAL DI | Irmo-Chapin Recreational District                                                | CUSIP: 462718EY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34999.12     | 0.03%             | 2029-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY KY SCH DIST FIN | Jefferson County School District Finance Corp                                    | CUSIP: 47309QAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45052.10     | 0.04%             | 2038-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY KY SCH DIST FIN C | Johnson County School District Finance Corp                                      | CUSIP: 478799VJ5<br>LEI: 549300DRVO24BRTNFG13 | Long             | DBT              | MUN               | US        |    140000 | PA      | $148906.91    | 0.14%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                   | County of King WA                                                                | CUSIP: 49474F2F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67149.91     | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TN ELEC REVENUE      | City of Knoxville TN Electric System Revenue                                     | CUSIP: 499746XY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.19    | 0.10%             | 2028-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MN            | County of St Louis MN                                                            | CUSIP: 791230A96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $174189.05    | 0.17%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PETERSBURG FL PUBLIC UTI | City of St Petersburg FL Public Utility Revenue                                  | CUSIP: 793323VG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152046.57    | 0.15%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASCO CA UNION SCH DIST        | Wasco Union Elementary School District                                           | CUSIP: 936822CZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5018.57      | 0.00%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE TX                  | City of Waxahachie TX                                                            | CUSIP: 944080YY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $256630.39    | 0.25%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY KY SCH DIST FIN COR | Wayne County School District Finance Corp                                        | CUSIP: 944480PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160107.65    | 0.16%             | 2038-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WEST BEND WI                   | City of West Bend WI                                                             | CUSIP: 951428LX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $824951.44    | 0.80%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IN SWR REVENUE  | City of West Lafayette IN Sewer Revenue                                          | CUSIP: 953701FD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115197.51    | 0.11%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILKINSBURG BORO PA SCH DIST   | Wilkinsburg School District                                                      | CUSIP: 968495FK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40001.42     | 0.04%             | 2029-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY IL CMNTY UNITS | Williamson County Community Unit School District No 5 Carterville                | CUSIP: 969788KN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220011.70    | 0.21%             | 2039-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WILLISTON PARK NY              | Village of Williston Park NY                                                     | CUSIP: 970735JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10009.79     | 0.01%             | 2027-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAINGSBURG MI CMNTY SCH DIST   | Laingsburg Community School District                                             | CUSIP: 507318ME0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251260.98    | 0.24%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX INDEP SCH DIST    | Arlington Independent School District/TX                                         | CUSIP: 041827AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52516.76     | 0.05%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 0523975F9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     90000 | PA      | $98470.33     | 0.10%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEN TX                       | City of Allen TX                                                                 | CUSIP: 018095ZZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290035.61    | 0.28%             | 2027-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANDERSON CNTY SC SCH DIST #4   | Anderson County School District No 4/SC                                          | CUSIP: 033738JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $342299.70    | 0.33%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AURORA IL                      | City of Aurora IL                                                                | CUSIP: 051645N21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445123.58    | 0.43%             | 2035-12-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LAKESHORE WI TECH CLG DIST     | Lakeshore Technical College District                                             | CUSIP: 51209EPH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40135.62     | 0.04%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAWRENCE TWP IN SCH BLDG CORP  | Lawrence Township School Building Corp                                           | CUSIP: 520354J93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136922.30    | 0.13%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEXINGTON TN ELEC REVENUE      | City of Lexington TN Electric Revenue                                            | CUSIP: 529658EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67226.65     | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONGVIEW TX INDEP SCH DIST     | Longview Independent School District                                             | CUSIP: 543264ZL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92302.48     | 0.09%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CKA9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10168.52     | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville Water Co                                                              | CUSIP: 54659RDM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $755059.49    | 0.73%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NICHOLAS CNTY KY SCH DIST FIN  | Nicholas County School District Finance Corp                                     | CUSIP: 653728GL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $178706.30    | 0.17%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5645.49      | 0.01%             | 2031-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PE99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97446.26     | 0.09%             | 2033-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PEORIA CNTY IL SCH DIST #150 P | Peoria City School District No 150                                               | CUSIP: 713040HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20006.77     | 0.02%             | 2034-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ UNIF SCH DIST #12 | Pima County Unified School District No 12 Sunnyside                              | CUSIP: 721849LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100030.42    | 0.10%             | 2034-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** RMB Investors Trust

**Signature:** /s/ Maher Harb

**Name of Signer:** RMB Investors Trust

**Title:** Chief Financial Officer